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. 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? Every time you receive a package from StockX, a thank-you card is included. How can you make sure you dont fall for duping? Another recurrent mistake is putting any kind of personal items inside the shipping box. Well, not only can you find deadstock items that arent available in retail anymore, but you can also go into a bidding war for them. If someone else made the same Bid, youd see that there are two live bids for that amount at the moment. 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. And the shoes are on their way to a happy buyer. Make sure that the barcode is not covered. It takes just a little bit of effort, access to a printer, and some bubble wrap. If a bank account is linked to the PayPal account, this could prevent a successful purchase. I bought them from Footlocker on release day in August. Their system is so fucked up theres nothing you or I can do about it. The most expensive Nike skateboarding sneakers on the market, the Paris Dunks featuring the workings of French painter Bernard Buffet, retail for up to $65,000. StockX does not sell fake products. It will be easier to tell a fake tag from one that is real if you have a StockX tag. If you find something you want and the Lowest Ask for that item fits into your budget, you can simply select the Buy Now option. Cookie Notice For more information, please see our Required fields are marked. Thats never a good omen, so if you happen to come across those shoes again, you should send them back. Some people have tried selling used sneakers on the site, but theyve almost always caught and charged a 15% fee. ' says Grinvald. (Everything To Know! 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 . If the laces are still in good condition, StockX will take your lacing-up shoes. i just sold my hoodie too, it's been in the package for about 3 months and it failed. Notably, for the deadstock shoe to be approved on StockX, it must be packaged in the original packaging. Step 3 Make sure to scroll down and check what the retail price of the sneakers you're bidding on was. Officials boast a 99 percent detection rate for counterfeit or defective items, but consumers have been left disappointed on more than one occasion. Since we are a marketplace, with live pricing, your transaction will not be completed automatically. If the sneakers are more than five years old, and any aging signs are expected, this is acceptable. The second primary thing that youll want to look out for is dirt or smudges. But if you love hunting for the best price, spending some time and effort might pay off. Although it is not common to sell fake products on this platform it is important to keep an eye out for sellers selling them. 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? StockX will redirect you to a window where they tell you what comes next. What Happens If StockX Doesn't Approve Your Item? Since we are a marketplace, with live pricing, your transaction will not be completed automatically. While not a Chinese company, StockX has a verification center in Hong Kong, China, to support customers in the Asia Pacific region. Only DS shoes, an acronym for deadstock, are acceptable at StockX. There are numerous counterfeit high-end shoes available on the market nowadays. If the shoes are not authentic, or they are not in deadstock condition with the original box, you will be charged 15% of the sales price or $13.95 for shipping them back to you, whichever is more. Indeed, StockX doesnt simply connect a buyer and seller to complete a transaction and let the chips fall as they may. StockX recently sent back the shoes that I sold for $195. 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. Are you planning on placing a bid on StockX? Thankfully they did not charge me the 15% return fee. Real StockX tags will yield a code that is used by the company for identifying a specific product model or brand. The next thing to do is to test for heel drag. Note:Items not passing verification is one of the rare instances where StockX will cancel orders for buyers. Therefore, this one of the most strict rules that StockX enforces. StockX will ship the item only after it has been verified. 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. Users faith in the system has been eroded gradually due to the prevalence of fakes they have received as buyers. They have a tag to authenticate the shoe as original and in good condition. Were just a marketplace! Im in the same boat as of 5 minutes ago. If you are a seller, you will need to pay shipping costs as well unless you are in the United States. StockX co-founder Josh Luber stepped down as CEO in 2019 to pursue interests outside of the company (Credit: WENN). Youll be paid a sum based on a certain proportion of the shoes final selling price. Important note: Youre not allowed to put any stickers to the shipping box that has HAZMAT labels. Minor discolorations, which are not easily controlled, are acceptable. Unfortunately, fakes are a common occurrence on StockX. ), Does Applebees Take Apple Pay? You cant use the shoebox as the shipping box, even if you put it in an envelope. Your Bid also has an expiration date. StockX was founded in 2015 by Dan Gilbert, Josh Luber, Greg Schwartz, and Chris Kaufman. (What To Know! Its possible, that StockX may accept shoes that have been worn once or twice, but its not a good idea. Just recently, the Swoosh stated that they purchased and received four pairs of knockoff Nike shoes from the online retailer StockX. Theyre completely indistinguishable, and they might pass any testing StockX could be doing on them. Some StockX customers have paid exorbitant resale rates on sites like eBay and Reddit, only to get counterfeit versions of the sneakers they ordered. 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. Finally, click on the Finish button. You might also try listing them for sale on one of the many online sales and shopping sites (like Amazon, GOAT, or eBay). The products were Coach. If you cant find a UPS drop off location near you, its also possible to schedule a pickup. However, if you purchase an item from outside sources and it comes with the StockX label, this can be problematic. Then you can bid or pay the asking price on any sneakers that catch your fancy. You can also use the string to determine authentication by checking if you are able to put it together. What happens next? You should not expect the StockX support team to rule in your favor, though. Scroll back up and check the Lowest Ask for the price as well. As a defense, eBay pointed to its large investment in its Verified Rights Owner (VeRO) program. It was founded in Detroit, Michigan in 2015 and currently has over 800 employees in Detroit, New Jersey, Arizona, the UK, and the Netherlands. However, sometimes a seller is not able to manage. This allows customer to feel confident that they are only purchasing authentic, brand-name merchandise. How did you knowingly package wrong?? All you have to do is log into your StockX account and then click on "Buying" on the . (Full Details, Prices + More! A user can either click 'buy now' and submit a bid. Find out more here. The closest case was filed in 2011, when Coach sued former employee Gina Kim who, the company claimed, was selling counterfeited Coach bags on eBay. We are not affiliated with or endorsed by any company unless otherwise noted, nor do we speak in any official capacity on behalf of any third-party. Little, completely unavoidable discolorations fall within the category of tolerable faults. Hello. Nike has doubled down on litigation against StockX in a heavyweight lawsuit between the biggest shoe manufacturer in the world and the hypebeast shoe . You place a bid, and if someone accepts it, the seller will send the shoes and StockX will authenticate them and send them to you. Tape the UPS label on the outside of the shipping box, not the shoebox. StockX urges the sellers to make sure they follow the steps correctly. StockX is an online marketplace for purchasing and reselling previously owned things, such as deadstock (new but no longer available) shoes. Here on JamesMcAllisterOnline.com, he shares his knowledge that brought him to where he is today. Before taping up the box, inspect it thoroughly, so as not to risk them returning it to you. This rule states that the shoes must be in pristine condition with no visible evidence of use. I think thats going to make it really of interest to legal scholars if it makes it to court.. The site accepts major credit cards, including Visa, MasterCard, American Express, JCB, UnionPay, and Discover. If something does not ship, then StockX will attempt to find another item that matches the parameters. The battle started in February, when Nike filed a trademark suit against StockX, after StockX announced a program that promised to turn your shoe purchases on its site into instant NFTs. Every StockX tag has a QR code located on the reverse. StockX is pretty specific about how they accept the shoes from sellers. . 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. Thankfully they did not charge me the 15% return. 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. (Is It Really, Though? Celebrities If you have a pair of shoes you want to sell on StockX, you should familiarize yourself with how to package them. 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. For whatever reason, StockX will only take specific styles of footwear. In such instances, the buyer does not incur any additional costs. StockX verifies everything about the product, the color, condition, and looks for any signs of wear and tear. As a reminder, if you are using PayPal, please ensure a credit card is linked to your account. This program is run in partnership with Affirm. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Whereas StockX takes that next step . That i sold for $ 195 purchasing and reselling previously owned things, such as deadstock ( but! ; t Approve your item since we are a marketplace, with live pricing, your will... Their way to a happy buyer owned things, such as deadstock ( but. Months and it failed comes next PayPal, please see our Required fields are marked on. It makes it to you thats never a good idea good condition, StockX will take your lacing-up shoes no. Have to do is to test for heel drag i bought them from Footlocker on day. The Lowest Ask for the deadstock shoe to be approved on StockX, you will need to pay shipping as... 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