You can either pick up a check in person or have the money deposited to your bank account.įee: Flight Club takes 9.5 percent of each sale, as well as a $5 seller fee and a 2.9 percent cash-out fee. Once someone buys your shoes, you get paid. The shoes will then be sold in-store at that location, but will also be listed on the store’s website. You work with the staff to find an agreed-upon price that’s based off the store’s selling history of a certain sneaker. Selling process: At Flight Club, you drop the sneakers off at one of its physical locations. Locations: New York City, Los Angeles, Online Despite StockX acknowledging this and making system updates, it is still something to consider and be aware of as a threat to both buyers and sellers. The platform has also experienced a major data breach, exposing a reported 6 million customers' personal information including their name, email address, shipping address, username, hashed passwords, and purchase history. This information was then reportedly being sold on the dark web for $300. You can also make educated guesses on how much you want to list your sneakers for, because StockX has a database of how much recent pairs sells for in their respective sizes.Ĭons: StockX goes through a high volume of transactions and people have had issues, on the buying end, with the quality of some of the sneakers in the past. Your rates go down the more sneakers you sell, and eventually you won’t have to wait for someone to buy your shoes to get paid meaning that if there is a bid for the sneakers you own and you’re OK with that price, you’ll have the money within a few days.
Pros: The more you use the service, the better. Payment process: Payment is put in your PayPal account once the shoes are shipped and verified. Beginning October 4, 2022, sellers will be charged a $4 shipping fee for single-item shipments. Fees will then drop to 8 percent after either 250 sales or $30,000 worth of transactions. Fees will drop to 8.5 percent after 25 sales or $5,000 in volume. They must be in the original box and unworn.įee: Seller fees are 10 percent when you start, but the rates will decrease to 9.5 percent as soon as you complete three sales. Payment processing is 3 percent. The service typically gives you two business days to ship your sneakers, or else there will be a fee taken out of your price. Once a deal is agreed upon, StockX will email a shipping label to send the sneakers to them to be verified. Buyers can also list their own prices, and if that amount is acceptable to a seller, they can chose to sell their shoes for that amount. You can list your sneakers for however much you want on the site and potential buyers can choose to accept your price or not. Selling process: StockX is based on a bid/ask process.
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