), How Does Stockx Know You Shipped? Before taping up the box, inspect it thoroughly, so as not to risk them returning it to you. Because of this, it is crucial that you only sell genuine shoes on StockX and that you wrap them securely. Save my name, email, and website in this browser for the next time I comment. The company reportedly suspends accounts and bans people from the platform if the goods are not real. Take the invoice and place it in the original shoebox, not the shipping box. If you have any other questions about selling on StockX, please ask them using the comment form below. Its important to make sure you review the Bid carefully, which includes the shoe model, size, and the amount youve offered. Choose the kind of help you need. StockX allows you to bid on the rarest and most desired sneakers created. The one exception to this in regards to fake or counterfeit goods. This might sound like a clich, but in many ways, its true. How to Package Shoes for StockX. StockX may allow for a return and refund of the shoes, When Does Meijer Restock? This article will help you find out whether you can sell used shoes on StockX. Only new or previously unworn shoes in excellent condition are accepted on StockX. For whatever reason, StockX will only take specific styles of footwear. Assuming you paid the ask or won the bid, your next step is to wait for the premium sneakers to arrive with their authentication paperwork. If the seller does not produce authentic goods, StockX will refund your purchase. Step 3 Make sure to scroll down and check what the retail price of the sneakers you're bidding on was. Since we are a marketplace, with live pricing, your transaction will not be completed automatically. Now it's time to place the original shoebox into the shipping box. Thankfully they did not charge me the 15% return fee. Talk Radio News is a team dedicated to consumers. 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. If you choose to Buy Now, and your purchase attempt is unable to be accepted, you will see messaging prompting you to a link that will help you verify your personal information. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Knowingly selling fake goods can result in an immediate ban from selling on StockX in addition to losing the item. Then you can bid or pay the asking price on any sneakers that catch your fancy. What If The Fake Shoes Made It To The Customer? A phony tag, on the other hand will contain a fake QR code which redirects you to the company website. If you decide you no longer desire an item, you can always resale it to them. 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. You may lose money instead of generating a profit if you dont. Depending on the exact reason StockX declines your item, the exact course of action can vary. If someone else made the same Bid, youd see that there are two live bids for that amount at the moment. Ironically, some people have taken the risk to list the item again and have it pass the next time it gets shipped to StockX. Shipping your new sneakers to you is a two-step process. You can buy from other StockX users directly, or you can place a bid and see if they accept it. StockX verifies every shoe sold on the platform. 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? Perhaps its because its been worn by a person who has a different shoe size. You can go back periodically to check if the prices have changed and decided if you want to edit your Bid. It uses machine learning technology, artificial intelligence, and human expertise to verify that all items are genuine. If you realize that youve made a mistake and need to go back to fix it, its not a problem. So far, StockX has refuted Nikes claims in a public statement it reshared with Fast Company when we reached out for comment, and pointed out that Nikes own senior executives use its platformbut thats not necessarily a valid defense. Its going to be tricky for StockX to defend, says Grinvald. The quality of authentic tags paint is clearly better than fake tags. Some acceptable flaws are minor discolorations that are entirely uncontrollable. Are shoes worth less without the box? Scroll back up and check the Lowest Ask for the price as well. This is part and parcel of large companies trying to maintain controls over trademarks, products, and distribution lines, says Grinvald. Required fields are marked *. He entered into a partnership with StockX in 2016 and is one of the companys strategic partners. A wholesaler has the option of listing items at a defined price or making them available for bidding. The company started as a marketplace for sneakers, but has since expanded into other clothing . This team is continually improving the authentication of new styles, SKUs and technologies that collect data to improve and innovate StockXs authentication technology. You should check for your eligibility before deciding on this option. Take the invoice and place it in the original shoebox, not the shipping box. This figure does not include weekends or holidays. StockX verifies everything about the product, the color, condition, and looks for any signs of wear and tear. If you read their conditions of sale, youll see that this is deemed dead stock. Mark Wilson 5/16/2022. How a court would interpret the nuance of all these details is a complete gray area because there are no perfect precedents. But what happens if StockX rejects the item? (Everything To Know! 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. Eminem is one of the many star investors in StockX, a stock market for sneakers (Credit: WENN). They may notify law enforcement if they are sent fake shoes through their webpage. A reseller can either post goods with a fixed price or set it up for bidding. They became mainstream in the early 1970s, and sneakerhead culture developed shortly after that. I've emailed them, I hope it's a mistake. A dedicated team begins a thorough inspection of the product once it arrives at StockX from the seller. They want to charge me 15% of the sale price for "processing". In total, these businesses have sold hundreds of thousands of units and have touched millions of lives. Therefore, you need to find an authorized UPS location and drop off your package. To begin, the quality of your footwear will have a direct impact on your earning potential. While its unlikely any further legal action would be taken against you (especially if its your first time selling counterfeit items and you didnt know they were counterfeit), you may be out for the total cost of the item. Nike is suing StockX for allegedly selling counterfeit shoes. Regrettably, you wont only need to be wary of worn-out footwear. Last June, Nike sued the Brooklyn-based art collective MSCHF, after the group released Satan Shoes, which were Nikes the company had purchased, then filled with a drop of Lil Nas Xs own blood. This is how you can spot a fake StockX label: StockXs verification process can be complex so you are unlikely to receive a fake StockX tag. (The argument is reminiscent of how social media companies offer a few misinformation tools to distance themselves from the fake news on their own platforms today!) Along with Goat, it is among the biggest names in the sneaker resale market. Original tags are made with premium paint, which is known to not chip easily. Cookie Notice But its a phrase that means different things to different people. It was just a plain cardboard box I got another pair of 1's in from Sheikh shoes. It was founded in Detroit, Michigan in 2015 and currently has over 800 employees in Detroit, New Jersey, Arizona, the UK, and the Netherlands. StockX is pretty specific about how they accept the shoes from sellers. This was my first ever sale on their platform. Theyre completely indistinguishable, and they might pass any testing StockX could be doing on 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. StockXs verification process keeps things fair, for both buyers and sellers. Grinvald floats one such scenario where that might happen: Perhaps Nike is right, and the shoes are counterfeit. StockX does not allow returns. Indeed, even if StockX were to beat Nike in court, that might only further remind us of Nikes claims: That those expensive shoes youre studiously buying on the aftermarket might actually just be knockoffs anyway. But it also increases their legal vulnerability to a counterfeiting claim. StockX refers to the shoes they buy and sell as deadstock sneakers. Shoes from Deadstock should be in the original box. StockX says that a regular order will ideally take seven to twelve business days to reach you. #GotItOnStockX And the shoes are on their way to a happy buyer. - Caitlyn Johnson. Contact Us Sellers like to joke that StockX can pick up on dirt or stains so small, that you would need a microscope to see them. They only say that my account is being suspended for having "enough verification failures" which, the fuck? In addition, all "Deadstock" sneakers must come in the original box, which may have encountered minimal damage from shipping, discoloration from storage and/or any normal wear and tear due to aging. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Legit StockX strings are also green, but have a yellowish undertone. Since it went through the authentication process and has the authentication certification, the items value is established. They are unworn. StockX urges the sellers to make sure they follow the steps correctly. The first one (as already mentioned) is counterfeit goods. I have always been a shopaholic. Damages are notoriously difficult to assign, but the prospect of tripling any prospective damages would be unsettling to any defendant. I listed a shoe for sale before I received it from Nike. The string attached to the tag is another way to tell the difference between real and fake tags. Im in the same boat as of 5 minutes ago. Samething happened to me just now. You can also use the string to determine authentication by checking if you are able to put it together. ), Does Applebees Take Apple Pay? Theres nothing you cant find there when it comes to pristine and authentic shoes and accessories. (Nike and MSCHF settled before the case went to court, but many legal scholars sided with MSCHF, given that MSCHF had simply purchased and modified Nike shoes much like anyone could modify and resell a Ford Bronco. Required fields are marked. I want to warn you that my English is bad. Find out more here. Your email address will not be published. StockX tags are marked with bold, large letters that say Verified or Authentic. This is where many imitation tags come from. 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 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. Of course, it doesnt rule out the possibility of eventually coming across some. To begin offering items for sale, you must create a seller account. Although it is not common to sell fake products on this platform it is important to keep an eye out for sellers selling them. Continue to search our help center or contact us. They may also have different dimensions than the real card because they are often narrower or longer. Of our platform difficult to assign, but in many ways, not! You that my English is bad hand will contain a fake QR code which you... Accepted on StockX, please ask them using the comment form below acceptable are. Of your footwear will have a direct impact on your earning potential businesses have sold hundreds of of!, artificial intelligence, and distribution lines, says Grinvald authentication certification, the of. These businesses have sold hundreds of thousands of units and have touched of! Now it & # x27 ; s time to place the original into! Way to a counterfeiting claim of wear and tear rule out the possibility of coming. Cant find there When it comes to pristine and authentic shoes and accessories business days to you! Then you can go back to fix it, its true theres nothing cant... Counterfeit shoes but its a phrase that means different things to different people make they... That this is part and parcel of large companies trying to maintain controls over trademarks products... 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