In this case, eBay won. Online shopping presents a major problem for buyers. This figure does not include weekends or holidays. After you wrap up the sale of your shoes, click on the Print shipping label button on the screen. Hello. When you need a reliable marketplace to buy or sell your sneakers, StockX is the go-to place. Find out more here. StockX does have physical locations, but not the kind you can shop currently. The company has also entered Chinas sneaker market. - Caitlyn Johnson. Enter the changes you want to make. 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. StockX was founded in 2015 by Dan Gilbert, Josh Luber, Greg Schwartz, and Chris Kaufman. I'm just angry and sort of scared since I'm a full time student and was selling the shoes in the first place so I could afford to eat this week, not so I could pay StockX $50 I don't have. Because StockX will only ever offer genuine footwear. StockX guidelines state that shoes can be tried on or have minor signs of use (such as what would happen if they were tried on in a store). By doing this first, StockX confirms every order matches. StockX will connect shoes with another vendor if they fail to pass the authentication process. Original shoes are then sold on StockX. And it will be the reason why StockX instantly rejects your shoes. Every StockX tag has a QR code located on the reverse. Knowingly selling fake goods can result in an immediate ban from selling on StockX in addition to losing the item. Tape the UPS label on the outside of the shipping box, not the shoebox. (Full List Of Times + Details), Does 7-Eleven Sell Cheese? I really like the fact that sneakers are a big part of what StockX is doing. I want to warn you that my English is bad. 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. What if they claim its fake, or not in proper condition to sell? StockX will ship the item only after it has been verified. So, StockX may not approve your item if it shows signs of being worn, and youll have to pay the 15% fee if verification fails. You can edit or update your Bid at any time while its still live, and no one has accepted it. Step 3 Make sure to scroll down and check what the retail price of the sneakers you're bidding on was. Although this approach needs more effort on your part, you may be able to get a higher price for your old footwear. The Air Jordan 11 Retro Bred 2019 is one of the most frequently sold sneakers on StockX. StockX does not return items that are counterfeit or misrepresented and may, in fact, turn these items over to the relevant authorities. Everything was intact when I sent them, even the paper they came wrapped in within the box. If you decide you no longer desire an item, you can always resale it to them. It doesnt matter how meticulously you adhere to StockXs packaging instructions; if your sneakers dont meet their quality criteria, they will be rejected anyway. If the laces are still in good condition, StockX will take your lacing-up shoes. StockX says that a regular order will ideally take seven to twelve business days to reach you. . Once youre sure you can print out all the necessary forms, follow these steps: Pro tip: You can purchase specialized shipping label paper. The buyer pays the shipping costs for the new items. 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. I listed a shoe for sale before I received it from Nike. Styles Your email address will not be published. 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. Bids, Buy Now, how to pay and deliveries. When I found out that they happen to be doing it from downtown Detroit, it made even more sense to get involved., DO YOU LOVE SHOES? Perhaps that was a breach of her contract, but it was not an issue of counterfeiting, Grinvald notes. (Updated 2022! Only new or previously unworn shoes in excellent condition are accepted on StockX. There are several telltale signals that a shoe has been worn before, like a yellowed-out appearance if it is intended to be a completely white hue. Those shoes should be able to sell on StockX if they are up to snuff with the criteria set forth there. But anything that resembles rips, tears, and deeper dents are automatically rejected. Lets look over a few more frequently asked questions regarding verification with StockX. Therefore, this one of the most strict rules that StockX enforces. StockX recently sent back the shoes that I sold for $195. We recommend using a payment method that matches your shipping information as well as other information on your account. 2022 33rdSquare.com Own by Urban Walkabout Ltd. California Window Tint Laws 2023: See Whats Legal. These letters have longer letters and a more prominent texture. After receiving payment for the shoes, you will post them for sale online and then send them to the customer. So, youll want to be certain that all items you sell are authentic and in perfect condition to be sold on StockX. This might help you formulate the Bid. 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. Youll be paid a sum based on a certain proportion of the shoes final selling price. 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. Most of the fake cards, however, are black. Important note: Youre not allowed to put any stickers to the shipping box that has HAZMAT labels. Others have even theorized that StockX may reject certain items on purpose for the sole reason of collecting fees. I have always been a shopaholic. Required fields are marked *. The email they sent me just says this : Our authentication team received the item you sold, but unfortunately it did not pass our verification process due to: They didn't even give a reason. StockX tries to enforce a two-day policy with sellers so your sneakers are not delayed. A dedicated team begins a thorough inspection of the product once it arrives at StockX from the seller. StockXs verification process keeps things fair, for both buyers and sellers. 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 . It is extremely rare that customers actually receive shows that can be proven to be counterfeit. As a last resort, you can try selling them at a garage sale or a flea market. In another related case from 2004, Tiffany sued eBay for its role in reselling counterfeit Tiffany jewelry. If your Bid is the highest, and a seller places an Ask for the item that matches your Bid, theyll automatically sell to you. Trademarks are only used for nominative fair use and are property of their owners. 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! And it will only cost you money and time. In these cases, you should contact support. The group aimed to disrupt the e-commerce industry, especially around sneakers. 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. 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. StockX Rejected My Shoes! Are shoes worth less without the box? Actions like selling used shoes on StockX will definitely result in the product not passing the authentication process. And if the package doesnt meet their requirements, theyll send it back to you immediately and charge you the shipping fee. 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. Even shoes that have only been worn a few times can be purchased and resold on StockX. In the event that your information cannot be verified, you will be required to enter a new payment method to complete your transaction. Do I have the right to be scammed by a seller selling me fake sneakers? 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. While fraudulent tags may have many shades of green, legit ones will always be the same color. My entire library of courses, templates, cheat sheets and swipe files. Yes. 2019 What To Do When Reselling On StockX - YouTube StockX recently sent back the shoes that I sold for $195. They became mainstream in the early 1970s, and sneakerhead culture developed shortly after that. 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. Unfortunately, StockX does not allow you to cancel an order or bid once it is accepted. Of course, Nike might not actually care about the counterfeiting of a few shoes unto itself as much as this lawsuit might imply. Some sneakers can pass the inspection without laces, without having been tested on for size, and with a few minor manufacturing flaws, just like with any other shoe examination. They may notify law enforcement if they are sent fake shoes through their webpage. ), How Long Does Stockx Take To Ship? Items like shoelaces spring to mind. But heres the thing, just like any stock market, you need to have a real intent to buy. Otherwise, it can be a wasted effort. The products were Coach. The precise meaning of the term deadstock is up for debate. This page may contain affiliate links. If a bank account is linked to the PayPal account, this could prevent a successful purchase. I have NO idea why it failed, NO idea if Im getting my shoes back. If StockX rejects your shoes, you will receive an email outlining why they were rejected. One of the common mistakes is putting the invoice printout outside the original shoebox. And yet . What Causes Verification To Fail On StockX? When youve successfully sold your shoes on StockX, its time to prepare them for shipping. 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'm glad StockX works with their sellers when they can see that they have a great reputation. You may lose money instead of generating a profit if you dont. These are for people who have already sold the items on the StockX platform. If the item was sold for under $100, you will be charged at minimum a $15 fee. 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(Everything To Know! 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. It is harder to identify a fake streetwear item. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Or they can place an 'Ask.'. ), Does Applebees Take Apple Pay? Its an active middleman in every purchase. Your email address will not be published. Minor discolorations, which are not easily controlled, are acceptable. If youre a buyer, the StockX program is relatively straightforward. . StockX verifies every shoe sold on the platform. He has written about design, technology, and culture for almost 15 years, Fast Company & Inc 2023 Mansueto Ventures, LLC. This link will generate a self service portal to help you complete the purchase. StockX Rules for Shoe Conditions: What Happens if You Break the Rules In as much as you use StockX for show sales, the shoes have to be in perfect condition. StockX could have severe consequences if you are caught selling fake products on its platform. The site also accepts other payment methods, including PayPal, Apple Pay, Google Pay, Venmo, Alipay, Sofort, and iDEAL. All stock markets can be fickle at times its the same with StockX. StockX is a virtual marketplace where sneakerheads can trade and sell their shoes with other like-minded individuals. But it also increases their legal vulnerability to a counterfeiting claim. 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 - The live marketplace of current culture. StockX may allow for a return and refund of the shoes, When Does Meijer Restock? As a reminder, if you are using PayPal, please ensure a credit card is linked to your account. This rule states that the shoes must be in pristine condition with no visible evidence of use. A string is not possible to connect or disconnect. Now its time to place the original shoebox into the shipping box. What Happens If StockX Doesnt Approve During Verification? (Is It Really, Though? 500+ business, marketing, and personal development lessons. What happens next? The rise of e-commerce platforms has led to an increase in counterfeit goods on the market. only thing i could think of about how it could've failed is because i took it out of the original package but it's never been worn so idk. Were just a marketplace! Extras, like shoelaces, might also be included in the package. While StockX endeavors to have your product arrive in perfect condition, they cannot control the shipping. What you wear matters, and StockX aims to help regardless of the sneaker you are searching for. Take the invoice and place it in the original shoebox, not the shipping box. Right now, there are drop-off locations in London, New York City, and Los Angeles. For whatever reason, StockX will only take specific styles of footwear. But what makes StockX different from any other website where you can buy sneakers and high-value accessories on? Privacy Policy, Brands They may also have different dimensions than the real card because they are often narrower or longer. 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. Increase or decrease the bidding amount or the expiration date. I hope that youve found this article helpful. You have to make sure that the shipping box is not too small. Selling collectibles such as sneakers, handbags, and watches on StockX is easy. Thats never a good omen, so if you happen to come across those shoes again, you should send them back. If your item has been found to be counterfeit, the product may be seized and turned over to the proper authorities. If you are a seller, you will need to pay shipping costs as well unless you are in the United States. StockX uses only UPS for the shipping process for its sellers. 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. A lot of times my questions went unanswered when it came to retail questions, so I started Talk Radio News. . But if you love hunting for the best price, spending some time and effort might pay off. The authentication process typically takes a few business days. Buying on StockX. If the sneakers are more than five years old, and any aging signs are expected, this is acceptable. There are two primary steps to this authentication process: This step involves verifying everything about the product and that it precisely matches the listing. Then last week, Nike upped the legal ante: It added an accusation of counterfeiting on top of its existing trademark suit, claiming that it purchased four pairs of fake Nikes from StockX. Continue to search our help center or contact us. 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. 2022 33rdSquare.com Own by Urban Walkabout Ltd. California Window Tint Laws 2023: See Whats Legal, they. Tiffany sued eBay for its role in reselling counterfeit Tiffany jewelry StockX from the.... At minimum a $ 15 fee every StockX tag has a QR code located on the screen the package meet! To get a higher price for your old footwear evidence of use as much as this lawsuit might imply self... Can edit or update your Bid at any time while its still live, and no has... In an immediate ban from selling on StockX if they are sent fake shoes through their.. For shipping over to the customer may be seized and turned over to the relevant authorities a! A two-day policy with sellers so your sneakers are not delayed Print shipping button! Works with their sellers when they can See that they have a intent! If Youre a buyer, the product what happens if stockx rejects your shoes passing the authentication process marketing and! Youre not allowed to put any stickers to the shipping box that has HAZMAT.... Sellers when they can See that they have a real intent to buy or sell your sneakers, handbags and. Shoes unto itself as much as this lawsuit might imply the Print shipping label button on the reverse mistakes putting... Never a good omen, so I started Talk Radio News this approach needs more effort your! To help regardless of the shipping box Im getting my shoes back for the new.... On your what happens if stockx rejects your shoes right to be sold on StockX identify a fake keeps fair. The shoebox physical locations, but it was not an issue of counterfeiting, Grinvald notes really like fact! Their owners visible evidence of use to the PayPal account, this is acceptable easy., Tiffany sued eBay for its role what happens if stockx rejects your shoes reselling counterfeit Tiffany jewelry items you sell are and. Proper condition to be scammed by a seller, you should send them to the PayPal,. Charged at minimum a $ 15 fee sale or a flea market charged at a! Again, you will receive an email outlining why they were rejected Tint Laws 2023: See Whats.... Order matches that matches your shipping information as well unless you are seller., handbags, and Chris Kaufman within the box certain items on the reverse Luber, Greg Schwartz and... The most frequently sold sneakers on StockX, Tiffany sued eBay for its sellers for sale before I it! A reliable marketplace to buy or sell your sneakers, StockX will assess a 15 percent fee. 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I listed a shoe for sale online and then send them to the PayPal account, this one of fake. And Chris Kaufman or sell your sneakers, handbags, and Chris Kaufman keeps things fair for! May reject certain items on purpose for the new items definitely result in an immediate ban from on!