StockX acts as the middleman, meaning once your sneakers sell and you ship them to a StockX warehouse you are paid out. Grailed additionally allows you to sell used sneakers as well, unlike competitors who only allow brand new ("deadstock") sneakers on site. For more information, please see our The move comes as eBay is in the midst of trying to, Sneakers are a key area for growth for eBay. 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. Once the item sells, the user ships it to an authentication center, or drops it off at one of only a handful physical locations. Select the payment method you received based on buyer's location. First 250 listings free per month, then $0.35 per listing, Music (except VinylRecordsand Music NFTs categories), Clothing, Shoes & Accessories > Women > Women's Bags & Handbags, Jewelry & Watches (except Watches, Parts & Accessories), Jewelry & Watches > Watches, Parts & Accessories, Sports Mem, Cards & Fan Shop > Sports Trading Cards > Sport Trading Card NFTs, Toys & Hobbies > Collectible Card Games > CCG NFTs, Musical Instruments & Gear > Guitars & Basses. But like the others, those interested in buying and selling may find the platform limiting. You can add up to 24 photos with zoom and enlarge, as well as schedule your listings to start and end at a future date and time, free of charge. I apologize that I don't know what website you accept donations on or if they charge a fee independent from ours, but it looks like you're located in the US where our standard fee is 2.9% + $0.30 USD to receive payments. Once youre approved, GOAT assigns each seller a seller score, which begins at 90. Graileds 9% + 2.9% and 30 cent Paypal fee equates to 11.9% + 30 cents. Since Flight Club is still technically a brick and mortar store, prices tend to be a bit steeperthey have to cover rent and inventory. Consensus: While convenient from a buyers perspective, like other consigners the steep 20 percent fee structure and lack of seller tools make Stadium Goods less than ideal. Here is one of many Travis Scott burgers from McDonalds we saw posted when it was first released. Cons Grailed takes a commission when your items sell. 20% difference. Getting paid:Some of the most common payment methods include PayPal, credit or debit cards, and Apple and Google Pay. And what are the best ways to make sure you get the most money back from your unworn wares? According to the website, a grail is "the piece you obsess over but cannot ever find or afford." It's absolutely terrible for the seller. The site claims the increase was to improve the marketplace experience for all users. Partner Fees?! : r/Grailed - Reddit 9%. Beyond the most recent drops, vintage models such as 1985 Air Jordan 1s or early 2000s Nike SB Dunkssneakers competitors either do not have or simply cannot sourceregularly appear on the platform. An order is defined as any number of items purchased by the same buyer at checkout with the same shipping method. While the fees are a terrible deal for sellers, the lack of protection is bad for victims of fraud. Do you have an eBay Store or want to sell vehicles? The online marketplace exclusively for high-end men's designer clothes is Grailed. Cons See our pages below for more information: Every month, you get up to 250 zero insertion fee listings, or more if you have an eBay Store. If you use the Classified Ad format, scheduling a listing will cost $0.10. Unlike other websites, GOAT functions differently as it is predominantly geared towards buyers. Thank you so much for joining thePayPal Community, and I'm so sorry that the community was not able to answer your question. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. The item sells immediately for the Buy It Now price of $400. The site offers almost zero protection and all fraud cases are first worked through PayPal. For buyers it is straightforward, however for sellers the high commission can eat away at profits. Cons Many prospective online sellers tend to consider StockX vs. eBay, two of the most popular online resale sites. Cons Charged per listing and per category. We don't sell things, we only receive donations, yet some unknown partner is getting money that should be going to the non-profit. Does Grailed charge a payment processing fee? - Grailed Keep reading to find out how you can save time and money using DoNotPay, and check out these articles from the Fight and Waive Fees product series. If you need to refund the buyer or cancel the sale, you may be eligible for fee credits as per our fee credits policy. After being the original spot that both collectors and flippers turned to to buy and sell coveted sneakers, eBay became just one of many in the space after platforms like GOAT, StockX and Grailed entered the market. For those looking to sell, you can either sign up on the Flight Club website and ship your sneakers to either the LA or NYC location, or choose to drop off the sneakers in store if you're local. Like Flight Club, Stadium Goods lets consigners set their own prices, however works with them in order to try and match market cost. Stock is limited to the product pages and catalogues the company has uploaded, meaning rare or highly specific product may be unavailable. PayPal's seller's fee varies and is based on the location of the buyer's billing address. Is it a complete waste of time and resources for them? I was wondering if Grailed has a similar side with the buyer no matter what policy or if they actually value their sellers. Home cleaning often comes with the realization that youve amassed way too much stuff including in your wardrobe. Sneaker resellers have more options than ever and between consignment shops and marketplaces, there are countless ways to flip sneakers. The self-described stock market of things StockX began as a marketplace to determine the actual aftermarket value of hyped sneakers. "by the website an item is sold from".. for me, this is ebay. 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.. Another (Celine) Portrait: See Bob Dylan in Fashion Brand's Latest 'Performer' Series. I hope this helps and thank you for joining the Community! 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. After you've used your zero insertion fee allowance, insertion fees are: Good 'Til Cancelled listings are fixed price listings that renew automatically once per calendar month. Sneakers are a key area for growth for eBay. How to Get Your Grailed Fees Waived Effortlessly. For sellers, Grailed feeshave gone up to 9%. Final value fee (13.25% of $424, + $0.30). One stock photo from a seller with no feedback, yet it is somehow Digitally Authenticated. To put any trust in this process would be unwise. We charge two main types of selling fees: an insertion fee when you create a listing, and a final value fee when your item sells. Poshmark Vs. eBay Vs. Depop: The Ultimate Resale Site Showdown 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. Growing the Grailed community to foster a . Click Here To Try It NowClick Here For Tutorial. 1999-2023 PayPal, Inc. All rights reserved. You've already used your allocation of zero insertion fee listings this month. When a task is too time-consuming or confusing, the chances are that DoNotPay has a product for that. First, potential sellers must apply in order to list items on the website. Find high-quality men's and women's streetwear & designer pieces from the brands you love at Grailed, the community marketplace for men's and women's clothing . The platforms massive database of products make it convenient for sellers to easily list their goods without adding item specifics (such as fabrics and materials, weight, etc.). Privacy Policy. It's a pretty common practice for most selling services because it allows them to deduct their fee with each item sold instead of a separate billing. Amazon, Bonanza, Chairish, Craigslist, Depop, Ebay, Ecrater, Etsy, Facebook, Fiverr, Goat, Grailed, Kijiji, Letgo, Mercari, Newegg, Offerup, Paypal, Poshmark, Rakuten, Rubylane, StockX, Stripe, Tradesy are trademarks of their rightful owners. Grailed Fee is now 9% - Is it still worth selling there? 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. See how it works. Most of my sales are on ebay and luxury (like saint laurent) and hype (supreme) does best there. An avenue for Grailed users to ask each other questions, offer tips for buying and selling, share steals, discuss favorite purchases, and build the community. A Reseller's Guide to Marketplace Fees - Blog.vendoo.co You may be charged final value fees if you violate our policy of buying or selling outside of eBay, or we may apply additional final value fees if you are not meeting our performance expectations. Check out our top picks below. eBays listings allow sellers to specify multiple categories, item specifics, condition, and many other details. Tax and shipping are tacked on after a purchase, and the store ships to most countries, though at a cost. 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. I am scared to list half my inventory because of scammers and eBay's policies. The platform uses PayPal to process payments, so you will have to pay a PayPal seller's feeas well. The 500 Greatest Songs of All Time If you only offer 1-day or international shipping but no cheaper option like domestic shipping, the total amount of the sale is calculated based on the service the buyer chooses. What is Grailed's commission fee used for? GOAT is an online only sneaker site that sells both new and lightly used sneakers. Solved: Partner fee - PayPal Community As of now, Stadium Goods does not allow consignors to drop off streetwear, despite the fact it sells it. 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. My currency is set to sek both on website and on paypal. So, if you, Charged for the original listing and each time you choose to relist your item, Charged per listing if you create duplicate auction-style listings for identical items. For buyers, there are no fees for using the platform. Today, the company sells everything from streetwear to watches and handbags, all of which are in brand new condition. The catalogue is similar to many competitors, and like many others only deals in brand new merchandise. 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. For example, while eBay charges around 10% commission, Grailed's selling fees are only 9%, saving you a little money on each sale. You make $343.17, or approximately 86% of the sale price, not including shipping costs. grailed is easier to use for the most part and fees are either on par or lower. Grailed's commission helps us maintain the marketplace to make buying and selling as easy as possible. How does eBay compare to Grailed? : r/Grailed - Reddit The fees and benefits vary depending on the type of Store subscription you choose. After the center verifies the item, your funds are released and are available as Credits. In order to cash out, an additional 2.9 percent fee is applied, meaning in order for you funds to hit you bank or PayPal account theres a minimum 12.4 percent fee plus an additional $5 minimum charge. 9%. The fees for these optional listing upgrades vary depending on your item's price and the listing format and duration. For anyone who has sold clothes through a reseller, selling fees are a natural part of the process, with platforms taking a percentage of a sale, a flat fee or a tiered fee based on a sellers frequency of selling. Real Estate listings can be auction-style, fixed price, or in the Classified Ad format. 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. 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