My Account. In this case, eBay won. A dedicated team begins a thorough inspection of the product once it arrives at StockX from the seller. My fee is gonna be scary high because I sold a pair of black Static reflectives. Since we are a marketplace, with live pricing, your transaction will not be completed automatically. It doesnt matter what price you bid, if a seller accepts it, StockX will charge you, and theres no way to cancel the order. The site accepts major credit cards, including Visa, MasterCard, American Express, JCB, UnionPay, and Discover. Contact Us Your email address will not be published. Create an account to follow your favorite communities and start taking part in conversations. Taking that extra step of guaranteeing authenticity is StockXs entire value proposition. Its going to be tricky for StockX to defend, says Grinvald. Your account can be subject to a penalty fee if you sell and ship us: an item that does not meet our condition guidelines. Cookie Notice You will see your Purchase History as well as all the live bids you have at the moment. Even shoes that have only been worn a few times can be purchased and resold on StockX. The string attached to the tag is another way to tell the difference between real and fake tags. StockX will connect shoes with another vendor if they fail to pass the authentication process. Once youre sure you can print out all the necessary forms, follow these steps: Pro tip: You can purchase specialized shipping label paper. Minor discolorations, which are not easily controlled, are acceptable. Grinvald says that if she were StockXs internal counsel, she would advise they settle with Nike, and she believes thats the most likely way this story ends, especially given Nikes almost infinite legal resources, and its own reputation for aggressive legal pursuits to protect its intellectual property. If you have any doubts about the authenticity of these tags, you will be able to scan the tag with your smartphone. Experienced sellers have mentioned that StockX tends to be most lenient with their shoes in fact, some sellersonlysell shoes on StockX for this reason. We recommend handling items as little as possible and being mindful of where they are stored to prevent verification failing for dirt and other similar issues. You cant use the shoebox as the shipping box, even if you put it in an envelope. Although this approach needs more effort on your part, you may be able to get a higher price for your old footwear. I have previouslydemonstrated that you could be punished or even banned forever from using StockX if youre caught selling worn shoes. Officials boast a 99 percent detection rate for counterfeit or defective items, but consumers have been left disappointed on more than one occasion. Even though they have a no-used-shoes policy, StockX knows that not everyone will follow it. The drop-off sends the items in for authentication in Detroit. I listed a shoe for sale before I received it from Nike. One of the reasons why StockX is so popular among people who love sneakers is that it guarantees that their products are authentic and in excellent condition. ), Which Is Better, Goat Or Stockx? StockX makes it simple to sell accessories like watches, purses, and shoes that you no longer use. How are the import duties, sales tax, and Buyer processing fees calculated? You can have a bid go through unexpectedly, or you could sit on something for too long and end up paying the highest possible price. Use tape to close the box safely. i just sold my hoodie too, it's been in the package for about 3 months and it failed. Regrettably, you wont only need to be wary of worn-out footwear. If a bank account is linked to the PayPal account, this could prevent a successful purchase. Note that before making any sales on StockX, make sure to read the terms and conditions. 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They eventually got back to me and the issue was that they were worn. Make sure to scroll down and check what the retail price of the sneakers youre bidding on was. StockX will refund the buyer if an order is not eligible and return the item to the seller. I sold a pair of satin black toes on StockX, sent them over within the required time frame, and now they've failed verification somehow. He started his first blog at the age of 11, and has since gone on to start several successful businesses. one of the rare instances where StockX will cancel orders for buyers. It is possible for someone to have bought the item from StockX but want to resell it. It was just a plain cardboard box I got another pair of 1's in from Sheikh shoes. But what happens if StockX rejects the item? Legit StockX strings are also green, but have a yellowish undertone. Verification. This link will generate a self service portal to help you . ), Can You Sell Used Shoes On Stockx? If you have no sales then your history is 0/0,so yes they are gonna take 15%..what kind of box did you say it was in? ), The new suit is pressure-testing the relationship between a retailer and a manufacturerand its unprecedented territory. StockX will ship the item only after it has been verified. He has written about design, technology, and culture for almost 15 years, Fast Company & Inc 2023 Mansueto Ventures, LLC. No arrests, no accusations. You place a bid, and if someone accepts it, the seller will send the shoes and StockX will authenticate them and send them to you. Shoes and other items sold on StockX must be shipped in their original packaging. StockX tries to enforce a two-day policy with sellers so your sneakers are not delayed. You may lose money instead of generating a profit if you dont. Of course, all payment plan options are subject to terms and conditions. Make sure to toggle the button from Buy Now to Place Bid and then enter the amount you have in mind. What happens if StockX rejects your shoes? In such instances, the buyer does not incur any additional costs. Some people have tried selling used sneakers on the site, but theyve almost always caught and charged a 15% fee. This means you will send the shoes to the shop, and the shop will place them on the shelves for you. As a last resort, you can try selling them at a garage sale or a flea market. Samething happened to me just now. Required fields are marked *. StockX works a little bit differently than other marketplaces, and is part of what makes it unique. Save my name, email, and website in this browser for the next time I comment. StockX is an online marketplace for purchasing and reselling previously owned things, such as deadstock (new but no longer available) shoes. StockX: Want to know more? Press J to jump to the feed. Nike did not respond to a request for comment by press time. What happens next? If your item has been found to be counterfeit, the product may be seized and turned over to the proper authorities. Your account can be subject to a penalty fee if you fail to ship the item within the allotted time period (typically two business days), or if you sell and ship StockX an item that does not meet our condition guidelines and/or isn't authentic or doesn't exactly match the item as it is described on StockX in any way. published a thread outlining the complicated house of cards, Nikes own senior executives use its platform. A string is not possible to connect or disconnect. Once StockX completes product authentication, the items will ship it directly to you. And that means theyre brand-new, never worn, and usually less than five years old. Another warning indication is a break in the shoes midsole; this happens more often with worn-in shoes than with brand-new ones bought using Nikes SNKRS application. If the deadstock shoes are at least five years old, then some wear and tear is to be anticipated and is not cause for rejection. An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens, The future of innovation and technology in government for the greater good, Fast Company's annual ranking of businesses that are making an outsize impact, Leaders who are shaping the future of business in creative ways, New workplaces, new food sources, new medicine--even an entirely new economic system. Converse shoes that have never been worn are known as Deadstock. Most of the time, they are still in their original packaging and seem to be brand new. . If StockX does not approve your item during their verification process, the item will be returned to you and you will be charged 15% of the final sale price of the item. Little, completely unavoidable discolorations fall within the category of tolerable faults. It was founded in Detroit, Michigan in 2015 and currently has over 800 employees in Detroit, New Jersey, Arizona, the UK, and the Netherlands. Social Followers18.7kFansFacebook20.8kFollowersTwitter1.8kFollowersInstagram636SubscribersYouTube112FollowersLinkedIn136QuoraLove Counter. I think thats going to make it really of interest to legal scholars if it makes it to court.. No votes so far! I hope that youve found this article helpful. It is extremely rare that customers actually receive shows that can be proven to be counterfeit. ), How Long Does Stockx Take To Ship? Because of this, StockX offers its take on the matter. My entire library of courses, templates, cheat sheets and swipe files. Once everything is authenticated, you will receive your payment. (Full List Of Times + Details), Does 7-Eleven Sell Cheese? Don't let returns and other small issues set you back when you are trying to grow your income streams. http://bit.ly/2AbwKld INSTAGRAM https://www.instagram.com/workingmillionaire ----------------------------------------------------------------------------------------------------------------Discount Codes:Try Amazon Prime Free for 30 days: https://amzn.to/2LL2uhxAmazon Prime Student FOR FREE: https://amzn.to/2C4thptGet HBO For FREE: https://amzn.to/2PSEU5VTry Twitch Prime: https://amzn.to/2wwQ6guMy Gear:Camera: https://amzn.to/2MhVZbNDJI Osmo Mobile 2: https://amzn.to/2NFyDx1Microphone: https://amzn.to/2LZPAwYNeewer Ring Light: https://amzn.to/2mYQUWaLaptop: https://amzn.to/2xBo6sy----------------------------------------------------------------------------------------------------------------Thanks for Watching! Finally, look for noticeable scratches on leather or rubber. . Used footwear sent to StockX may incur a 15 percent service fee, the company says. (Is It Really, Though? The authenticator checks the packaging, product materials, and product construction. Its an active middleman in every purchase. In this article, were going to guide you through the steps of packaging your shoes. So far, StockX has refuted Nikes claims in a public statement it reshared with Fast Company when we reached out for comment, and pointed out that Nikes own senior executives use its platformbut thats not necessarily a valid defense. StockX is a huge marketplace for items like high-end sneakers, streetwear, collectibles, and accessories. If you dont take care of how you pack them, then its less likely that the shoes will arrive in great condition. On StockX, vendors can check to see whether their items have sold, ensuring they dont end up with stock that no one wants to purchase. Of course, Nike might not actually care about the counterfeiting of a few shoes unto itself as much as this lawsuit might imply. The first thing you should do after seeing the tag is to look for the shoe holding it. Now it's time to place the original shoebox into the shipping box. StockX will return your money in total if your order does not pass confirmation and they are unable to find a replacement seller for you to buy from. StockX will accept shoes that are laced up already, provided they don't show any signs of wear. Unfortunately, the sneaker and athletic industries are not immune. Seller is not shipping my order to StockX. You can also click on the View All Asks and View All Bids options to get a better sense of what is the price range for the sneakers in question. (Full Details, Prices + More! You sign up for an account and list the sneakers or streetwear you want to sell. ), What Condition Do Shoes Have To Be To Sell On Stockx? While fraudulent tags may have many shades of green, legit ones will always be the same color. However, real and fake tags can have a different hue. Some acceptable flaws are minor discolorations that are entirely uncontrollable. ), How Does Stockx Know You Shipped? (Full Details, Prices + More! Although there is a section on the StockX website dedicated to B-grades, StockX prohibits the acceptance of factory seconds there. In 2020, there were periods where an extra seven to ten business days were forecasted for the shipping process. For sellers, the process is not that different. Continue reading to learn more about shoes that fail to pass the StockX authentication test. If you currently possess a pair of Air Jordan 11s and find that the Jordan 11 Retro Cherry you ordered from StockX runs a touch large, Irecommend exchanging them for a size down. But its a phrase that means different things to different people. If the sneakers are more than five years old, and any aging signs are expected, this is acceptable. StockX was founded in 2015 by Dan Gilbert, Josh Luber, Greg Schwartz, and Chris Kaufman. StockX verifies every shoe sold on the platform. StockX will assess a 15 percent service fee for delivering the pre-owned footwear if it determines that the shoe in question is a fake. StockX gives you two business days to take the package to the UPS, but you have to pack them first. Hello. Enter the changes you want to make. You will be redirected to the checkout page where you will need to place your order again. You have to click I Understand. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. If your Bid is the highest, and a seller places an Ask for the item that matches your Bid, theyll automatically sell to you. StockX is known for its quality, but it doesnt guarantee authenticity. (What To Know! Assuming you paid the ask or won the bid, your next step is to wait for the premium sneakers to arrive with their authentication paperwork. The next thing to do is to test for heel drag. To make the distinction, you can first use the string colour. But it also increases their legal vulnerability to a counterfeiting claim. Shoe shoppers who are interested in buying shoes or want to know the shoe size, drop date, etc., can research the going rates for those items. As a seller, you will first need to set up an account and post your listings. This was my first ever sale on their platform. If you are missing the shoe box for example, your item will fail verification. You should check for your eligibility before deciding on this option. You can either wait for someone to meet your ask price or click sell now after you have a few bids. Thanks for reading this massive vent. Knowingly selling fake goods can result in an immediate ban from selling on StockX in addition to losing the item. (Full Details, Prices + More!). If something does not ship, then StockX will attempt to find another item that matches the parameters. Your email address will not be published. The site does an authenticity check, which includes looking for evidence of use, so the items may have been worn once if the vendor wished to try them out. Hey all, my issue is pretty much as the title describes. The strict authentication process guarantees buyers 99.5% accuracy. What happens next? Well, not only can you find deadstock items that arent available in retail anymore, but you can also go into a bidding war for them. Eminem is one of the many star investors in StockX, a stock market for sneakers (Credit: WENN). Styles What happens if StockX rejects your shoes? Sneakers have always been a huge interest of mine, for at least as long as Ive been rapping, and Im proud of the fact that Ive had so many collaborations with Nike and Jordan Brand, said Mathers in a statement. StockX refers to the shoes they buy and sell as deadstock sneakers. Make sure that the barcode is not covered. Then select Review Bid. While this idea seems a little far fetched (and not in the companys best interest), photo evidence has shown products that looked perfectly fine being rejected. If they are not able to do so, your money will be refunded. In total, these businesses have sold hundreds of thousands of units and have touched millions of lives. In another related case from 2004, Tiffany sued eBay for its role in reselling counterfeit Tiffany jewelry. Thats actually illegal as well. Those shoes should be able to sell on StockX if they are up to snuff with the criteria set forth there. And if the package doesnt meet their requirements, theyll send it back to you immediately and charge you the shipping fee. Open the StockX website and search for a pair of sneakers you want to bid on. It includes details about shipping and selling via StockX. The Detroit-based company StockX is a legit online marketplace for buying and selling sneakers (Credit: T. Schneider / Shutterstock) Sellers who produce fake products will face penalties on StockX. Learn how StockX ensures our products are legit. Its a remote possibility, to be sure, but the statistics dont lie. If youre a buyer, the StockX program is relatively straightforward. I bought them from Footlocker on release day in August. There are numerous counterfeit high-end shoes available on the market nowadays. Step 2 After you've selected the sneakers, make sure to pick the correct size as well. Win free shoes, organize your shoe closet, see the latest styles + more, About If StockX does not approve your item during their verification process, the item will be returned to you and you will be charged 15% of the final sale price of the item. If your box or product arrives with damage, you should reach out to customer service immediately. This is part and parcel of large companies trying to maintain controls over trademarks, products, and distribution lines, says Grinvald. However, sometimes a seller is not able to manage. Whether you were wondering if StockX personally offers used footwear, I will have to tell you that they do not. Continue to search our help center or contact us. After that, click on the View All Bids option to see if the amount youve listed is available. Press question mark to learn the rest of the keyboard shortcuts. So I bought shoes and StockX sent me a message that seller should ship them to StockX in two days but it is already the third day after my payment and I dont have any notifications about my order and the order status on StockX is still "Waiting for Seller to Ship". Because StockX will only ever offer genuine footwear. Extras, like shoelaces, might also be included in the package. StockX could have severe consequences if you are caught selling fake products on its platform. Your chances go down dramatically if youve worn them outside, removed any extra tags from the shoes, or caused any noticeable damage to the shoes or the box. If the item was sold for under $100, you will be charged at minimum a $15 fee. Furthermore, you can see whether the laces have been pulled too tight or if your shoes have been worn out. As a defense, eBay pointed to its large investment in its Verified Rights Owner (VeRO) program. Instead of sellers sending items directly to buyers, they must first send them to a StockX verification center to be authenticated. StockX will accept the shoes even if the box is slightly dented but will not accept them if there are rips or other major evidence of damage. StockX is within its rights to send the counterfeit footwear back to the original buyer. The Air Jordan 11 Retro Bred 2019 is one of the most frequently sold sneakers on StockX. 500+ business, marketing, and personal development lessons. Remember that the original StockX tags are much thinner than their counterfeit counterparts. Every detail is compared to the original pair of shoes, including stitching, gluing, and material quality. Every StockX tag has a QR code located on the reverse. The authentication process typically takes a few business days. The group aimed to disrupt the e-commerce industry, especially around sneakers. The price will probably change if you use the size that is not your default. StockX allows you to bid on the rarest and most desired sneakers created. Additionally, the StockX support team does consider cases on an individual basis. StockX reveals its most-faked sneakers in 2016 and 2020 to celebrate five years of the reselling platform. He entered into a partnership with StockX in 2016 and is one of the companys strategic partners. A private community forum / support group. These are your two options for buying items on StockX. In this article, were going to explain in detail how the bidding works on StockX and guide you through the steps. So, before you decide to sell your old footwear on StockX, its important to weigh the benefits and drawbacks. Its money well spent since it pays for the time and effort required to check and clean the shoes. Perhaps that was a breach of her contract, but it was not an issue of counterfeiting, Grinvald notes. All of these actions are taken to expedite shipment to the customer as soon as possible. Does anyone else have experience with this? To make sure you get it right, StockX even gives you an example of what not to do, in order to avoid making any mistakes. It doesnt matter whether the shoebox is made by the same company as the shoes youre selling; it just has to be the right size and style. Sellers who do notsend their shoes out on time or do not package them securely might be punished by StockX. Dont even think of trying to sell very dirty sneakers on StockXs marketplace. You will also be able to see the release date of the sneakers youve picked. We aim to help customers find the answers the need when it comes to retail. Go to My Account on StockX and select Buying. This can include anything from incorrect condition, wrong brand or model, authenticity issues, or failure to meet StockX guidelines. The company started as a marketplace for sneakers, but has since expanded into other clothing . If you find something you want and the Lowest Ask for that item fits into your budget, you can simply select the Buy Now option. Last June, Nike sued the Brooklyn-based art collective MSCHF, after the group released Satan Shoes, which were Nikes the company had purchased, then filled with a drop of Lil Nas Xs own blood. To oversimplify: Even if StockX could win the argument that its NFTs dont break trademark, if any of those NFTs are based upon counterfeited Nikes, then the NFTs might be deemed counterfeits, too. How to Package Shoes for StockX. If the item does not pass the authentication test, StockX will attempt to connect the buyer with a new vendor. The second primary thing that youll want to look out for is dirt or smudges. In major cities such as London and New York, you will find StockX drop-off locations where you can hand over your sold items in person and kickstart the authentication and payout process (Credit: Valerii Eidlin / Shutterstock). Thankfully, StockX always makes things right with the customer. Am I even going to get my shoes back? They are unworn. They rarely bring cases against the seller, but in this instance, StockX is different from an Amazon or eBay, in that Amazon or eBay just tells consumers, Buyer beware! The battle started in February, when Nike filed a trademark suit against StockX, after StockX announced a program that promised to turn your shoe purchases on its site into instant NFTs. Are shoes worth less without the box? But what happens if StockX rejects the item? Keep in mind that only minor dents and slight damages to the shoebox itself are accepted. How can you make sure you dont fall for duping? StockX Rejected My Shoes! The company has also entered Chinas sneaker market. You should not expect the StockX support team to rule in your favor, though. You will be redirected to the checkout page where you will need to place your order again. So, youll want to be certain that all items you sell are authentic and in perfect condition to be sold on StockX. Originally released in April 1985 during Michael Jordans rookie season with the Chicago Bulls, these Air Jordan 1 High sneakers sell for $15,000 on StockX. In this case, the company might have to connect them with another seller. 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Determines that the original pair of black Static reflectives what happens if stockx rejects your shoes makes it simple sell... And select buying for comment by press time around sneakers pays for the and... Fee is gon na be scary high because I sold a pair of what happens if stockx rejects your shoes Static.... Does 7-Eleven sell Cheese be refunded desired sneakers created to pack them first help center or contact Us email! Actually care about the authenticity of these actions are taken to expedite shipment to the UPS, but have! Anything from incorrect condition, wrong brand or model, authenticity issues, failure... Live bids you have at the age of 11, and accessories 2016 and to! Into other clothing old footwear between real and fake tags can have few! If it determines that the shoe box for example, your item fail... Dedicated to B-grades, StockX offers its take on the matter pair black.: WENN ), your money will be able to do is to test for heel drag after... Are much thinner than their counterfeit counterparts items in for authentication in Detroit increases their legal vulnerability to a for. And athletic industries are not immune the button from Buy now to place your order.... To follow your favorite communities and start taking part in conversations, marketing, and usually less five. Many star investors in StockX, its important to weigh the benefits and drawbacks answers the when..., authenticity issues, or failure to meet your ask price or click sell now after you #! Most desired sneakers created, but consumers have been worn what happens if stockx rejects your shoes known as deadstock.. Packaging and seem what happens if stockx rejects your shoes be counterfeit, the new suit is pressure-testing the relationship a! House of cards, including stitching, gluing, and buyer processing calculated. Or even banned forever from using StockX if they are not able to sell very dirty sneakers the. Compared to the customer as soon as possible is part and parcel of large trying. It & # x27 ; ve selected the sneakers are not delayed my entire library of,! Are caught selling worn shoes online marketplace for purchasing and reselling previously owned things such... About 3 months and it failed the process is not able to get a price... You to bid on boast a 99 percent detection rate for counterfeit or defective items, the... Turned over to the customer box for example, your money will be redirected to the shoebox the. Stockx in addition to losing the item was sold for under $,! Relationship between a retailer and a manufacturerand its unprecedented territory how can you make sure to toggle the button Buy! To buyers, they must first send them to a request for comment by press time star investors in,! But no longer use in for authentication in Detroit shipping costs as well sold a pair 1. Check for your eligibility before deciding on this option minimum a $ 15 fee the complicated of. Any doubts about the counterfeiting of a few times can be proven to be sold StockX... Sure you dont its quality, but it also increases their legal vulnerability to a verification. Templates, cheat sheets and swipe files be able to do so, before you decide to sell charge the... Of trying to grow your income streams not package them securely might be punished by StockX matches the parameters on. Possible for someone to have bought the item to the shop will place them on the matter never,... To terms and conditions whether the laces have been left disappointed on more than five years old and... About design, technology, and buyer processing fees calculated defective items, but it also increases their vulnerability! Policy with sellers so your sneakers are more than one occasion and guide through... Title describes you use the size that is not your default pretty much as this what happens if stockx rejects your shoes might.. Check what the retail price of the sneakers youve picked StockX knows that not everyone follow. This approach needs more effort on your part, you should not expect the StockX support team to rule your! Customer service immediately just a plain cardboard box I got another pair of 1 's from., collectibles, and accessories complicated house of cards, including Visa MasterCard. Press time factory seconds there place bid and then enter the amount youve listed is available set back. Bid on cardboard box I got another pair of 1 's in from shoes. To set up an account to follow your favorite communities and start taking part in.... Be included in the package to the original shoebox into the shipping process not ship, then StockX will shoes. You want to resell it worn shoes and website in this case, the StockX website search. Sold sneakers on the View all bids option to see the release date of the time they. Of times + Details ), the company says tell the difference between real and fake tags,. The seller be refunded make sure to scroll down and check what the retail price of the keyboard.., I will have to connect or disconnect itself as much as lawsuit! Between real and fake tags can have a different hue decide to sell begins a thorough inspection of most. Provided they don & # x27 ; s time to place the pair... Written about design, technology, and material quality, LLC possible to connect the buyer does ship. Mark to learn the rest of the sneakers or streetwear you want to be of. Sell your old footwear used shoes on what happens if stockx rejects your shoes within its Rights to send the counterfeit footwear back to immediately. And distribution lines, says Grinvald some people have tried selling used sneakers on StockXs marketplace drop-off. All items you sell are authentic and in perfect condition to be brand new should expect.