How it was possibly authenticated is beyond comprehension. Press J to jump to the feed. Like Flight Club, Stadium Goods lets consigners set their own prices, however works with them in order to try and match market cost. In 2019, 6 million pairs of sneakers were sold through eBay, and $10 million worth of sneakers were sold on eBay in 2018, up from $2 million the year before. Thats right, Grailed. eBay's transaction exchange rate is composed of a base exchange rate plus a conversion charge. When the item sells on eBay.de, eBay will calculate your payout amount by converting the sales proceeds from EUR to USD using the transaction exchange rate applicable at the time of the sale. Learn more about how zero insertion fee listings work, including the terms and exclusions for those listings. How it works: Sellers list sneakers that they want to sell via consignment through Stadium Goods Seller Portal. (Plus, environmental advocates point out that a hefty amount of donated clothing and textiles end up in landfills, and resale helps to extend the life cycle of items). Enter the total amount charged for shipping to buyer. Sneaker Reselling Sites: A Roundup | Highsnobiety In both cases, you're eligible for Paypal protection, which is what you seem to have an issue with. The online marketplace exclusively for high-end men's designer clothes is Grailed. If you offer or reference your contact information or ask a buyer for their contact information in the context of buying or selling outside of eBay, you'll be charged a final value fee based on the total amount of the sale even if your item doesn't sell. With their new Managed Payments format, that number will now be 12.35% + 30 cents. Appreciate the responses. Do not waste your time searching for solutions when DoNotPay has you covered without all the work. Cons Graileds 9% + 2.9% and 30 cent Paypal fee equates to 11.9% + 30 cents. Fee amounts are based on the terms in effect when the listing goes live and when it renews. Grailedhas recently faced some backlash from users after raising their fee / commission to 9%. For buyers it is straightforward, however for sellers the high commission can eat away at profits. When the petition has gained enough attention, the platform may reevaluate the fee. With the ability to buy both new and used sneakers, Grailed has the best prices anywhere. Whatever percentage you'd agreed to when deciding to promote your listing. EBay said that, while it does not authenticate sneakers, there are a variety of ways to report fakes found on the site. Ebay has been charging a 10% fee for quite a while, and Paypal charges 2.9% + 30 cents per transaction = 12.9% + 30 cents. While technically one entity, each still operates independently and are seemingly autonomous. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Enter the total amount charged for shipping to buyer. These platforms have invested heavily in expanding their internal authentication teams, citing consumer trust as a valuable asset to cultivate. Grailed is a popular marketplace that is known for menswear! To list an item, there are 13 required fields, and at least 20 more optional ones. Links to our international fees pages: Australia - opens in new window or tab | United Kingdom - opens in new window or tab | Canada - opens in new window or tab | Germany - opens in new window or tab | Spain - opens in new window or tab | France - opens in new window or tab | Italy - opens in new window or tab | Ireland - opens in new window or tab | Belgium (Dutch) - opens in new window or tab | Belgium (French) - opens in new window or tab | Austria - opens in new window or tab | Switzerland - opens in new window or tab | Netherlands - opens in new window or tab | Poland - opens in new window or tab | Greater China region - opens in new window or tab | All other countries - opens in new window or tab. This was a listing from a user with no feedback, selling an expensive sweater from The Elder Statesman, and only using stock photos from the brands own website. Since you aren't charging the buyer for shipping or any other costs, $424 is the total amount of the sale (includes 6% sales tax). All rights reserved. Grailed Has FAILED. - The Hundreds Once rivals in the space, early last year GOAT and consignment shop Flight Club merged into one company. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. GOAT focuses exclusively on footwear, predominantly recent drops and noteworthy collaborations. Grailed fee: $3.03 ($1.80 Grailed commission + $1.23 payment processing fee) You make: $16.97 . When you set your price for an item, it should account for shipping and a 9% commission for Grailed. The base exchange rate reflects rates within the wholesale currency markets applicable to the currency pairing on the day of the conversion, or the prior business day. 10 people found this solution to be helpful. That's less than half a percent difference, in favor of Grailed. At StockX, we only accept deadstock products meaning all sneakers, apparel, accessories, collectibles, and electronics must be authentic, new, and unworn., As a general rule, the resale values of coveted deadstock items that trade on StockX tend to appreciate over time, Cutler continues. Select the merchant you want to appeal fees for and enter the details of your transaction, including an associated account if you have one. GRAILED COMMISSION FEE 9% The Grailed Commission fee is applicable to domestic and international transactions. Pros The platform announced the change less than 24 hours before it was implemented. Also, since StockX authenticates every item in-house in one of many warehouses, products can sometimes take a number of weeks to arrive, and overheard (albeit indirectly) leads to steeper costs. Selling on Mercari vs. Selling on eBay - Vendoo If you compare them, you are sure to find one that has a more agreeable seller's fee. Good for selling:Vintage and new clothing, sneakers, collectibles, music memorabilia, Popular brands:Jordan, Yeezy, Nike, Adidas, New Balance. If you purchase an independently reviewed product or service through a link on our website, Rolling Stone may receive an affiliate commission. There are a number of options to purchase, including a buy now feature or an ask, a binding contract akin to Grailed's "offer" system. Our commission fee ensures that we can maintain a curated marketplace as well as develop new tools and features for both buying and selling on Grailed. If your registered address is not in the US, please refer to the fee page for your country or region of residence for your International fee information. eBay has 3 types of fees: Final Value Fee, Insertion Fee and Listing Upgrade Fee. On eBay, top sneaker stores like Stadium Goods are always open to a global audience across every time zone, so you can check out their eBay store to browse and buy the latest must-haves.. For US domestic payments, there is a payment processing fee of 3.49% + .49 USD. Its even worse considering that they certainly must know that this service doesnt provide any real value and is probably only being provided as a marketing tool and a way for them to justify charging sellers more money. Related Stories Buying sneakersnew or otherwisecan be a challenge. For anyone not in the New York area, Stadium Goods requires you to set up a seller profile and communicate online with its internal sales team, creating a bar to entry. A final value fee is charged when an item is sold where eBay takes 10% of the sold price and shipping charge combined plus Paypal fees. Each listing package offers different levels of bundled features for a set fee. EDIT: To clarify, I'm only selling new, unused products. EBay drops all sneaker selling fees to compete with GOAT, StockX Final value fee (13.25% of $424, + $0.30). Grailed is the preeminent marketplace for mens fashion and streetwearobviously, that includes sneakers. Partner fees are seller fees assessed by the website an item is sold from and are not part of the fees for using our services to receive money. The partner fee is the fee you're charged for "promoting" your listing on eBay. For more information, please see our Sneaker resellers have more options than ever and between consignment shops and marketplaces, there are countless ways to flip sneakers. For international payments, there is a payment processing fee of 4.99% + .49 USD. What is a partner fee? The platform uses PayPal to process payments, so you will have to pay a PayPal seller's feeas well. The short explanation is: both eBay fees and Mercari fees are roughly 13 percent. You select a starting price of $199, with a Buy It Now price of $400, and you offer free shipping. You've already used your allocation of zero insertion fee listings this month, and your seller account is meeting our performance expectations at the time your item sells. Sellers also like using StockX because it offers anonymity, and they can sell to buyers in over 200 countries and territories around the world. I am scared to list half my inventory because of scammers and eBay's policies. Once you factor in PayPal fees, Grailed becomes a problem. Good for selling:Streetwear and sneakers, Popular brands: Jordan, Nike, Supreme, Off-White, Yeezy. I do best on Ebay. A comparison of marketplace fees on eBay, Poshmark, Mercari, Etsy, Facebook Marketplace and more. So it is still worth using Grailed? One of the first sneaker consignment shops, Flight Club transformed from a simple retailer to a powerful online sneaker buying and selling platform. All you have to do is connect with your eBay account and that's it. 20% difference. Grailed Fees : r/Grailed - reddit For buyers, there are no fees for using the platform. Press question mark to learn the rest of the keyboard shortcuts. I wonder how these made it through the filter if every item is reviewed? The item sells immediately for the Buy It Now price of $400. According to the website, a grail is "the piece you obsess over but cannot ever find or afford." As competition between all those players heats up, removing selling fees entirely is one way the company is looking to get back on top and stimulate its own internal sneaker economy. As previously mentioned it is predominantly geared towards buyers and with a sliding fee scale that maxes out at nearly 20 percent, the website eats into your profit margin. Consensus: While an iconic destination, Flight Club is predominantly a retail experience. Pick Up Some of These Gloves First, Tired of Standing? Deduction on ebay fee for outstanding seller levels and performance. We want to hear it. We do not sell items on paypaal, or paypal doe not do any advertisement for our items or no other paypal partner works for us. PirateShipis our suggestion, and they make it easy to ship with USPS or UPS. But as of Tuesday, sneakers no longer carry any selling fees for pairs sold for more than $100. Commission and fees:GOATs commission fees range from 9.5 percent to 25 percent, plus a seller fee between $5 to $30, depending on your location and address. While Amazon charges nearly 15% and eBay isn't far behind at 13% Grailed charges close to 10%. Grailed puts your grail within reach. This can happen on any platform, of course, but Grailed is the only one with the lack of integrity to claim an item has been authenticated without ever actually seeing it. If there is a good reason for the request, you may be able to get a refund. Send us a tip using our anonymous form. In order to sell, a user must fill out a sell form by finding the product and listing it on the website. - See: Notes for Good Til Cancelled listings, Fees for selling a vehicle on eBay Motors, fee page for your country or region of residence, Commercial, Residential, and Other Real Estate, Auction-style listings 1, 3, 5, 7 and 10-day duration, Fixed price listings Good 'Til Cancelled. The first thing you should know is that Grailed does not personally inspect any items. Similar to Flight Club, Stadium Goods is a consigner that has a significant online presence. Shopping at either the website or brick and mortar locations is reminiscent of a traditional ecommerce or retail experience, respectively. Getting paid:Etsys secure payment system allows sellers to accept credit and debit cards, Apple Pay, Etsy gift cards, Google Wallet, and PayPal. The site claims the increase was to improve the marketplace experience for all users. StockX fees operate on a sliding scale but range from 9.5 percent to 8 percent plus credit card fees depending on the users seller leveli.e. You're selling the latest version of a smartphone in used condition using a 10-day duration. *2022 Update*As of January 19, 2022, Ebay has reinstated a final value fee for sneakers. StockX will catch most fake items, while Ebay will not, but nor will they ever claim to be able to verify an item as authentic. For listing highly anticipated new releases. 9%. Check out some of the other product series and discover how you can save time and money using DoNotPay. However, with the new update, items sold after March 1, 2022, are now 12.9% + $0.30 for every order on most categories. Pros I says to find it in orders/ebay and it's not there, not hing i can find and any questions regarding this Partner fee directs me to this answer. core (like nike sneakers, sweats etc.) That said, some sites work better than others. Those below pay on a sliding scale, with the highest fees reaching 20 percent. StockX acts as the middleman, meaning once your sneakers sell and you ship them to a StockX warehouse you are paid out. I am very sorry for any confusion this may have caused you, and the best place to look for the terms for this fee and how it is totaled would be on the service you used to sell the item. If this post or any other was helpful, please enrich the community by giving kudos or accepting it as a solution.
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