This rule states that the shoes must be in pristine condition with no visible evidence of use. StockX could have severe consequences if you are caught selling fake products on its platform. I hope that youve found this article helpful. Then select Review Bid. In addition, all "Deadstock" sneakers must come in the original box, which may have encountered minimal damage from shipping, discoloration from storage and/or any normal wear and tear due to aging. (What To Know! You have to click I Understand. Grinvald floats one such scenario where that might happen: Perhaps Nike is right, and the shoes are counterfeit. After you wrap up the sale of your shoes, click on the "Print shipping label" button on the screen. Not only are late deliveries and poor packing punished, but also delivery delays. 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. While fraudulent tags may have many shades of green, legit ones will always be the same color. Actions like selling used shoes on StockX will definitely result in the product not passing the authentication process. Nike has doubled down on litigation against StockX in a heavyweight lawsuit between the biggest shoe manufacturer in the world and the hypebeast shoe resale platform thats now valued at $3.8 billion. StockX will automatically charge you, and the seller on the other side of StockX will start packaging your shoes or anything else you might have bought. StockX is committed to real products and manages its own authentication process. To begin the process, the seller must send the sneakers in for authentication. How a court would interpret the nuance of all these details is a complete gray area because there are no perfect precedents. In as much as you use StockX for show sales, the shoes have to be in perfect condition. In this case, the company might have to connect them with another seller. Officials boast a 99 percent detection rate for counterfeit or defective items, but consumers have been left disappointed on more than one occasion. If you are missing the shoe box for example, your item will fail verification. Furthermore, you can see whether the laces have been pulled too tight or if your shoes have been worn out. StockX: Want to know more? StockX tags are marked with bold, large letters that say Verified or Authentic. This is where many imitation tags come from. If you are a seller, you will need to pay shipping costs as well unless you are in the United States. Continue reading to learn more about StockXs authentication process. And if the package doesnt meet their requirements, theyll send it back to you immediately and charge you the shipping fee. Save my name, email, and website in this browser for the next time I comment. Its a remote possibility, to be sure, but the statistics dont lie. 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. StockX is a reliable platform and uses its own rigorous authentication to make transactions safe. In addition to having the laces, the shoes must be laced up for StockX to accept them. All content is for informational purposes only and should not be considered financial advice. This is a crucial step as it ensures that every product conforms to StockXs conditions guidelines. The StockX platform aims to provide a safe place for you to shop and a safe place for sellers to know they will be paid for their authentic goods. However, StockX does aim to complete the process in seven to ten business days. StockX calls new, original shoes that have never been worn deadstock. There will be original packagings like a label (containing details like shoe size), the lid, and the box that come with the deadstock shoe. Others have even theorized that StockX may reject certain items on purpose for the sole reason of collecting fees. A bid can stay up the whole time without anyone accepting it. (Is It Really, Though? We aim to help customers find the answers the need when it comes to retail. You have to make sure that the shipping box is not too small. What if they claim its fake, or not in proper condition to sell? Scroll back up and check the Lowest Ask for the price as well. Finally, click on the Finish button. Sneakers purchased on StockX always come with a recognizable green tag attached that says Verified and Authentic (Credit: Shutterstock / Primakov). Im in the same boat as of 5 minutes ago. 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. StockX is known for its quality, but it doesnt guarantee authenticity. For sellers, the process is not that different. If a bank account is linked to the PayPal account, this could prevent a successful purchase. 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. This link will generate a self service portal to help you . Just recently, the Swoosh stated that they purchased and received four pairs of knockoff Nike shoes from the online retailer StockX. Open the StockX website and search for a pair of sneakers you want to bid on. TalkRadioNews is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com, How Long Does Stockx Take To Authenticate? Note:Items not passing verification is one of the rare instances where StockX will cancel orders for buyers. 2 [deleted] 3 yr. ago [removed] longdaddynate 1 yr. ago I just had a pair of Jordan 1s fault and I have the receipt from SNKRS when I won the drawing. Selling on StockX. Shoes from Deadstock should be in the original box. StockX is only a marketplace for deadstock merchandise, and does not accept the sale of worn items. StockX says that a regular order will ideally take seven to twelve business days to reach you. In this article, were going to explain in detail how the bidding works on StockX and guide you through the steps. This figure does not include weekends or holidays. How are the import duties, sales tax, and Buyer processing fees calculated? The platform requests everyone considering bidding or making an offer to consider their circumstances. You will be redirected to the checkout page where you will need to place your order again. If StockX doesnt approve for whatever reason, you will be subject to a fee of 15% of the items price, and a minimum of $15. Your email address will not be published. What Happens If StockX Doesnt Approve During Verification? Nike has doubled down on litigation against StockX in a heavyweight lawsuit between the biggest shoe manufacturer in the world and the hypebeast shoe resale platform that's now valued at $3.8 . Its important to make sure you review the Bid carefully, which includes the shoe model, size, and the amount youve offered. As a seller, you will first need to set up an account and post your listings. I bought them from Footlocker on release day in August. The site accepts major credit cards, including Visa, MasterCard, American Express, JCB, UnionPay, and Discover. You should check for your eligibility before deciding on this option. In the event that your information cannot be verified, you will be required to enter a new payment method to complete your transaction. 2019 What To Do When Reselling On StockX - YouTube StockX recently sent back the shoes that I sold for $195. Sellers who produce fake products will face penalties on StockX. ), The new suit is pressure-testing the relationship between a retailer and a manufacturerand its unprecedented territory. This program is run in partnership with Affirm. . Win free shoes, organize your shoe closet, see the latest styles + more, About The company has also entered Chinas sneaker market. It is possible for someone to have bought the item from StockX but want to resell it. The products were Coach. If you have any doubts about the authenticity of these tags, you will be able to scan the tag with your smartphone. This link will generate a self service portal to help you complete the purchase. And theyre going to be more worried about the court of public, consumer opinion, than the principle of getting it right.. Should your Bid fail, you will be required to enter a new payment method to complete your transaction. StockX is pretty specific about how they accept the shoes from sellers. As a reminder, if you are using PayPal, please ensure a credit card is linked to your account. Deadstock shoes, under StockXs definition, have never been worn. A dedicated team begins a thorough inspection of the product once it arrives at StockX from the seller. Keep hustling everyone! SUBSCRIBE! But what happens if StockX rejects the item? StockX will inform you that your Bid is now live and that you are obligated to have enough funds in your account in case its accepted. Therefore, you need to find an authorized UPS location and drop off your package. StockX tries to enforce a two-day policy with sellers so your sneakers are not delayed. . The site also accepts other payment methods, including PayPal, Apple Pay, Google Pay, Venmo, Alipay, Sofort, and iDEAL. (What To Know! This might sound like a clich, but in many ways, its true. StockX refers to the shoes they buy and sell as deadstock sneakers. Every StockX tag has a QR code located on the reverse. He started his first blog at the age of 11, and has since gone on to start several successful businesses. The string attached to the tag is another way to tell the difference between real and fake tags. In either case, StockX advertises an easy-to-use platform with built-in guarantees. StockX tags with the most common color are shamrock shades of green. What Happens If StockX Doesnt Approve Your Item? Ask for refund or wait. If the item does not pass the authentication test, StockX will attempt to connect the buyer with a new vendor. But what makes StockX different from any other website where you can buy sneakers and high-value accessories on? All you have to do is: If you want to make sure your Bid is actually live, you can go back to the StockX home page and find the sneakers youre bidding on again. Minor single corner damage Minor single corner crushing or minor lid rip Minor box wear and tear Examples of Box Conditions That Will Likely NOT Meet StockX Condition Standards Extensive crushing of one side/corner Missing part of the box or major rip Damage from animal presence Make sure to toggle the button from Buy Now to Place Bid and then enter the amount you have in mind. Since we are a marketplace, with live pricing, your transaction will not be completed automatically. What if they claim its fake, or not in proper condition to sell? What happens if I sell shoes on StockX do they surround the shoes for. Talk Radio News is a team dedicated to consumers. But dont go overboard either, there is such a thing as an over-wrap. Failure to complete a sale may result in a $15 charge to your account, or a fee equal to 15% of the transaction price and/or indefinite suspension of your account. Instead of sellers sending items directly to buyers, they must first send them to a StockX verification center to be authenticated. When you need a reliable marketplace to buy or sell your sneakers, StockX is the go-to place. Experienced sellers have mentioned that StockX tends to be most lenient with their shoes in fact, some sellersonlysell shoes on StockX for this reason. Some sellers have expressed frustration, believing that StockX is a little bittoostrict with some of their authentication processes. ), Can You Sell Used Shoes On Stockx? Because of this, it is crucial that you only sell genuine shoes on StockX and that you wrap them securely. 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. After youve selected the sneakers, make sure to pick the correct size as well. Depending on the exact reason StockX declines your item, the exact course of action can vary. StockX will connect shoes with another vendor if they fail to pass the authentication process. . one of the rare instances where StockX will cancel orders for buyers. 2 How to spot fake StockX tag 2.1 Step 1: Check the font on the front of the StockX tag 2.2 Step 2: Closely inspect the StockX logo on the authenticity tag 2.3 Step 3: Inspect the StockX card that comes with the tag 2.4 Step 4: Flip the coin and analyse the text on the rear side of the coin In 2020, there were periods where an extra seven to ten business days were forecasted for the shipping process. It may be difficult to see this in photos, but it is possible to look at the tags from different angles. Subscribe 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. When its nearly expired, StockX will send you an email reminder and suggest a renewal. StockX takes the authentication process seriously. But over the course of the trial, the facts came out: These were actually legitimate Coach products that Kim had gotten on discount as an employee, and she was simply flipping them for a profit. But what happens if StockX rejects the item? 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. You can only sell deadstock or brand-new shoes on StockX, although there are a few caveats. Will StockX Accept Shoes That Have Been Tried On? - Caitlyn Johnson. A dedicated team begins a thorough inspection of the product once it arrives at StockX from the seller. If [investigations] did in fact find they were counterfeit, it is going to be bad for PR. Lets look over a few more frequently asked questions regarding verification with StockX. 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). I have previouslydemonstrated that you could be punished or even banned forever from using StockX if youre caught selling worn shoes. (Full Details, Prices + More! You can resell anything you get from StockX. This action will print out the invoice as well as the shipping label that goes on the box. 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. Enter the changes you want to make. Create an account to follow your favorite communities and start taking part in conversations. They do accept older sneakers as well, but theyre examined differently. Some StockX customers have paid exorbitant resale rates on sites like eBay and Reddit, only to get counterfeit versions of the sneakers they ordered. Stockx to accept them credit cards, including Visa, MasterCard, American Express, JCB UnionPay... It doesnt guarantee authenticity, please ensure a credit card is linked to your account the price well! Open the StockX website and search for a pair of sneakers you want to resell it as well as shipping! Seller, you will need to set up an account and post your listings PayPal,. At StockX from the online retailer StockX or sell your sneakers, StockX is a gray... A recognizable green tag attached that says Verified and Authentic ( credit: Shutterstock / Primakov ) about they! 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