For a small business venture, StockX is an easy platform to enter the market. It also offers other items such as handbags, watches, streetwear, and other collectibles, so there are lots of opportunities to diversify.
In this post
How much does it cost to sell on StockX?
If you’re selling on StockX for the first time, you’ll start out at Seller Level 1 with a transaction fee of 10.0%. By selling 3 items or selling a total of $500 in gross merchandise value in a calendar quarter, you can achieve a lower seller fee.
How much do StockX sellers make?
Large Fees
StockX charges seller’s a 9.5% sellers fee, although this can go down as you sell more sneakers.
How long does it take StockX to sell?
two business days
When does settlement occur? For most stock trades, settlement occurs two business days after the day the order executes, or T+2 (trade date plus two days).
Can you make money selling on StockX?
To make money on StockX, sellers need to find inventory at lower prices than the sites to sell things online (in other words, buy low sell high). Sometimes people are selling sneakers on StockX for under retail value, but the priciest purchases come from the sale of limited edition or hard-to-find kicks.
Who pays for shipping StockX?
As a Seller, your shipping cost is deducted from your total payout. Once a transaction is complete, you will receive a shipping label in your “My Account” section of the site. You are responsible for packaging and dropping off with the shipping carrier on the label provided to you.
Can you sell on StockX without a box?
StockX requires all items sold on our marketplace to be in brand new condition, including sneaker boxes.
Is it hard to sell shoes on StockX?
The Process of Selling on StockX. Selling collectibles such as sneakers, handbags, and watches on StockX is easy. As a seller, you will first need to set up an account and post your listings. A reseller can either post goods with a fixed price or set it up for bidding.
Why is StockX so expensive?
StockX makes its money through transactions fees. Sellers are charged a 10% transaction fee which decreases as the seller sells more merchandise.
Do you need SSN to sell StockX?
Tax Identification Numbers (TIN) include a Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN) if you are selling as an individual, or an Employer Identification Number (EIN) if you are a legal entity.
Can you sell a stock if there are no buyers?
When there are no buyers, you can’t sell your shares—you’ll be stuck with them until there is some buying interest from other investors. A buyer could pop in a few seconds, or it could take minutes, days, or even weeks in the case of very thinly traded stocks.
What stock should I sell first?
Shares with the lowest cost basis are sold first, regardless of the holding period. Shares with a long-term holding period are sold first, beginning with those with the lowest cost basis. Then, shares with a short-term holding period are sold, beginning with those with the lowest cost basis.
Does StockX pay immediately?
Once the item you sold passes our verification process and your payout is released, it typically takes 1-5 business days (depending on your bank and region) for funds to arrive in your bank account.
How do resellers get so many pairs?
“I get nearly all my pairs online. The average reseller will use computer programs called bots to try to get their hands on sneakers. Bots virtually automate everything, attempting to rapidly check out multiple pairs from websites before they sell out, much faster than any human could.
How do I sell to higher on StockX?
In order to maximize resale value, it is critical that sellers keep products in deadstock (new) condition. At StockX, we only accept deadstock products, which means that all sneakers, apparel, accessories, collectibles, and electronics must be authentic, new, and unworn.
What is the penalty for StockX?
Failure to complete a sale may result in a penalty fee equivalent to 15% of the transaction price, with a minimum charge of $15 USD or local currency equivalent.
Do you need a receipt to sell on StockX?
StockX on Twitter: “@oanyewest We don’t require the original receipt.
How do I print a StockX shipping label?
Go to My Account > Selling > Pending. Here you will be able to access and print your shipping label and order invoice. Place the printed invoice inside the original packaging of the product being sold. (Please note that StockX shipping labels are based on the shipping address listed on your account.
How do I package StockX items?
How To Properly Ship Your Item to StockX
- Step 1: Place your invoice inside the shoebox and/or envelope with the product.
- Step 2: Place your item into a bigger and sufficiently sized shipping box.
- Step 3: Use bubble wrap and/or shipping paper to ensure the item is secure in the box while in transit.
Do shoes have to be brand new to sell on StockX?
Shoes sold on StockX are considered deadstock, which means that they’re authentic, new and unworn at the time of sale. Deadstock sneakers are also sold with the original box including the box lid and the box label indicating the shoe size, as would be acceptable for sale at a retail location.
Does StockX buy used shoes?
StockX does not intentionally sell used sneakers and if the seller is caught selling used items (which they are in over 90% of cases), they’re charged a 15% fine. So to answer the question “does StockX sell used shoes?”, the short answer is no.