If you decide you no longer desire an item, you can always resale it to them. Im in the same boat as of 5 minutes ago. (Full Details, Prices + More! Experienced sellers have mentioned that StockX tends to be most lenient with their shoes in fact, some sellersonlysell shoes on StockX for this reason. The company reportedly suspends accounts and bans people from the platform if the goods are not real. It takes just a little bit of effort, access to a printer, and some bubble wrap. 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. 2022 33rdSquare.com Own by Urban Walkabout Ltd. California Window Tint Laws 2023: See Whats Legal. Its a remote possibility, to be sure, but the statistics dont lie. So, before you decide to sell your old footwear on StockX, its important to weigh the benefits and drawbacks. They may notify law enforcement if they are sent fake shoes through their webpage. Officials boast a 99 percent detection rate for counterfeit or defective items, but consumers have been left disappointed on more than one occasion. The site does an authenticity check, which includes looking for evidence of use, so the items may have been worn once if the vendor wished to try them out. 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. But it also increases their legal vulnerability to a counterfeiting claim. If the shoes are returned to the seller, StockX will return them to the original owner. Your email address will not be published. Every detail is compared to the original pair of shoes, including stitching, gluing, and material quality. In this case, the company might have to connect them with another seller. An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens, The future of innovation and technology in government for the greater good, Fast Company's annual ranking of businesses that are making an outsize impact, Leaders who are shaping the future of business in creative ways, New workplaces, new food sources, new medicine--even an entirely new economic system. You can only sell deadstock or brand-new shoes on StockX, although there are a few caveats. Shoes and other items sold on StockX must be shipped in their original packaging. They also put a lot of emphasis on making sure that the shoes arent fake. 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. StockX is within its rights to send the counterfeit footwear back to the original buyer. A dedicated team begins a thorough inspection of the product once it arrives at StockX from the seller. Continue reading to learn more about StockXs authentication process. Youll be paid a sum based on a certain proportion of the shoes final selling price. The company also offers 3, 6, 9, and 12 months payment plans. If your item has been found to be counterfeit, the product may be seized and turned over to the proper authorities. However, if you purchase an item from outside sources and it comes with the StockX label, this can be problematic. . But dont go overboard either, there is such a thing as an over-wrap. The site accepts major credit cards, including Visa, MasterCard, American Express, JCB, UnionPay, and Discover. StockX is known for its quality, but it doesnt guarantee authenticity. I just had a pair of Jordan 1s fault and I have the receipt from SNKRS when I won the drawing. Selling on StockX. StockX will redirect you to a window where they tell you what comes next. 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. If you bought the incorrect size, this also applies to you. It can only be cut. 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. (Everything To Know! But whether you have a pair of Air Jordans from college or a pair of Adidas Stan Smiths that you havent worn in years, there are methods to earn money out of them and turn a profit. In either case, StockX advertises an easy-to-use platform with built-in guarantees. Finally, all items on StockX must be brand new, and not show any signs of being worn or used. Grinvald says that if she were StockXs internal counsel, she would advise they settle with Nike, and she believes thats the most likely way this story ends, especially given Nikes almost infinite legal resources, and its own reputation for aggressive legal pursuits to protect its intellectual property. Right now, there are drop-off locations in London, New York City, and Los Angeles. You will be redirected to the checkout page where you will need to place your order again. Advertise You should not expect the StockX support team to rule in your favor, though. 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. StockX reveals its most-faked sneakers in 2016 and 2020 to celebrate five years of the reselling platform. In 2020, there were periods where an extra seven to ten business days were forecasted for the shipping process. StockX: Want to know more? The strict authentication process guarantees buyers 99.5% accuracy. In this article, were going to explain in detail how the bidding works on StockX and guide you through the steps. Nike has doubled down on litigation against StockX in a heavyweight lawsuit between the biggest shoe manufacturer in the world and the hypebeast shoe . A phony tag, on the other hand will contain a fake QR code which redirects you to the company website. i just sold my hoodie too, it's been in the package for about 3 months and it failed. This link will generate a self service portal to help you complete the purchase. Unfortunately, StockX does not work on weekends and holidays. Unofficial Reddit community for all things StockX related. 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 . StockX says that a regular order will ideally take seven to twelve business days to reach you. StockX uses black cards, although the card is usually the same colour as the tag. Your email address will not be published. However, if you want to wait a little while for a better price, you have the option to bid on any item. Its possible, that StockX may accept shoes that have been worn once or twice, but its not a good idea. The first one (as already mentioned) is counterfeit goods. 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. You can buy from other StockX users directly, or you can place a bid and see if they accept it. Minor discolorations, which are not easily controlled, are acceptable. All of these actions are taken to expedite shipment to the customer as soon as possible. I have NO idea why it failed, NO idea if Im getting my shoes back. Should your Bid fail, you will be required to enter a new payment method to complete your transaction. Furthermore, you can see whether the laces have been pulled too tight or if your shoes have been worn out. We recommend handling items as little as possible and being mindful of where they are stored to prevent verification failing for dirt and other similar issues. Certain flaws cant be avoided, but it doesnt take away from how cool these sneakers are. Because StockX will only ever offer genuine footwear. You can also use the string to determine authentication by checking if you are able to put it together. This means you will send the shoes to the shop, and the shop will place them on the shelves for you. Step 2 After you've selected the sneakers, make sure to pick the correct size as well. (What To Know! Once everything is authenticated, you will receive your payment. Copyright2023 - James McAllister Online. Some acceptable flaws are minor discolorations that are entirely uncontrollable. You sign up for an account and link a payment method. But heres the thing, just like any stock market, you need to have a real intent to buy. 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. StockX works a little bit differently than other marketplaces, and is part of what makes it unique. What Happens If StockX Doesnt Approve During Verification? Would StockX be held liable then? You have to make sure that the shipping box is not too small. Thankfully, StockX always makes things right with the customer. Processing your order takes time and depends on the available shipping services. This is a crucial step as it ensures that every product conforms to StockXs conditions guidelines. Now UPS is saying the shipment to me is possibly delayed a few days, thus incurring a minimum 15% fee. A bid can stay up the whole time without anyone accepting it. Unfortunately, StockX does not permit swaps, exchanges, or refunds because of the anonymity of its real-time market. You can just put on the shipping box without using the tape. It's been sitting dormat in my room for for almost a year I don't even own anything with scent. Choose the kind of help you need. 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. Shipping worldwide. Select the Bid you want to change and click on the green little pen button on the right. All stock markets can be fickle at times its the same with StockX. (Full Guide! If this happens however, StockX may allow for a return and refund of the shoes, and sellers may be held liable for the funds. I really like the fact that sneakers are a big part of what StockX is doing. Not only are late deliveries and poor packing punished, but also delivery delays. Are you planning on placing a bid on StockX? Items like shoelaces spring to mind. Cant find the answer to your question? Do You Need The Original Box / Packaging? This is. Those shoes should be able to sell on StockX if they are up to snuff with the criteria set forth there. The platform requests everyone considering bidding or making an offer to consider their circumstances. Continue to search our help center or contact us. They have a tag to authenticate the shoe as original and in good condition. Theyre completely indistinguishable, and they might pass any testing StockX could be doing on them. Extras are often supplied with deadstock shoes. Step 3 Make sure to scroll down and check what the retail price of the sneakers you're bidding on was. (Nike, having not minted these NFTs itself, claimed StockX was misusing its trademark by minting NFTs from Nike shoes.) You can probably make up the cost of shipping at the very least. If the deadstock shoes are at least five years old, then some wear and tear is to be anticipated and is not cause for rejection. It was in a plain cardboard box that I received another pair of sneakers in, it fit their size requirements but wasnt technically folded in the way their sample images were. Before we continue with the step-by-step instruction on how to properly package your shoes for StockX, keep in mind that you will need access to a printer. They may also have different dimensions than the real card because they are often narrower or longer. Your Bid also has an expiration date. StockX will accept shoes that are laced up already, provided they don't show any signs of wear. Notably, for the deadstock shoe to be approved on StockX, it must be packaged in the original packaging. Keep hustling everyone! SUBSCRIBE! Over on Twitter, UNH Franklin Pierce School of Law professor Alexandra Roberts published a thread outlining the complicated house of cards for StockX in this situation. But what happens if StockX rejects the item? Everything was intact when I sent them, even the paper they came wrapped in within the box. The authentication process typically takes a few business days. Here on JamesMcAllisterOnline.com, he shares his knowledge that brought him to where he is today. A reseller can either post goods with a fixed price or set it up for bidding. Every single pair of shoes offered for sale on StockX is guaranteed to be authentic and unworn. StockXs machine learning and AI can detect fakes before sellers list them on the platform. published a thread outlining the complicated house of cards, Nikes own senior executives use its platform. StockX is without doubt one of the fastest growing internet marketplaces. It will be easier to tell a fake tag from one that is real if you have a StockX tag. Shopping Guide Whether you were wondering if StockX personally offers used footwear, I will have to tell you that they do not. Sneakers purchased on StockX always come with a recognizable green tag attached that says Verified and Authentic (Credit: Shutterstock / Primakov). Instead of sellers sending items directly to buyers, they must first send them to a StockX verification center to be authenticated. StockX tags are marked with bold, large letters that say Verified or Authentic. This is where many imitation tags come from. 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). StockX is only a marketplace for deadstock merchandise, and does not accept the sale of worn items. StockX urges the sellers to make sure they follow the steps correctly. Were just a marketplace! Are shoes worth less without the box? Your email address will not be published. Thanks for reading this massive vent. They want to charge me 15% of the sale price for "processing". By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. ), Does 711 Sell Tampons? ), Does 7-Eleven Sell Ice? It might be something accidental, that you havent noticed, and now youre shipping it to StockX. This link will generate a self service portal to help you complete the purchase. A user can either click 'buy now' and submit a bid. This allows customer to feel confident that they are only purchasing authentic, brand-name merchandise. Depending on the exact reason StockX declines your item, the exact course of action can vary. These are your two options for buying items on StockX. Dont even think of trying to sell very dirty sneakers on StockXs marketplace. Structural integrity, yellowing, and discoloration issues are often raised as concerns with older pairs of deadstock. These items include size, color, condition, and other parts of the invoice. And show you what the shipping process looks like as well. StockX takes the authentication process seriously. As a seller, you will first need to set up an account and post your listings. Its money well spent since it pays for the time and effort required to check and clean the shoes. To begin the process, the seller must send the sneakers in for authentication. StockX - The live marketplace of current culture. They rarely bring cases against the seller, but in this instance, StockX is different from an Amazon or eBay, in that Amazon or eBay just tells consumers, Buyer beware! (Full Details, Cubed / Crushed, Prices + More! If the item was sold for under $100, you will be charged at minimum a $15 fee. Press question mark to learn the rest of the keyboard shortcuts. Cookie Notice Minor single corner damage Minor single corner crushing or minor lid rip Minor box wear and tear Examples of Box Conditions That Will Likely NOT Meet StockX Condition Standards Extensive crushing of one side/corner Missing part of the box or major rip Damage from animal presence They do accept older sneakers as well, but theyre examined differently. When you place the shoebox in the shipping box, make sure that you put some bubble wrap or shipping paper to make sure the shoebox doesnt open or get damaged. If youre a buyer, the StockX program is relatively straightforward. 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. StockX verifies every shoe sold on the platform. And it will only cost you money and time. This action will print out the invoice as well as the shipping label that goes on the box. ), Does Applebees Take Apple Pay? If your box or product arrives with damage, you should reach out to customer service immediately. All content is for informational purposes only and should not be considered financial advice. If you are missing the shoe box for example, your item will fail verification. He started his first blog at the age of 11, and has since gone on to start several successful businesses. Scroll back up and check the Lowest Ask for the price as well. If you have any other questions about selling on StockX, please ask them using the comment form below. We recommend using a payment method that matches your shipping information as well as other information on your account. Youre also not limited to using the StockX platform to do this either. Shoddy ass service. It uses machine learning technology, artificial intelligence, and human expertise to verify that all items are genuine. (Full Details, Prices + More! Shoes in deadstock condition are the only ones accepted for sale on StockX. However, if you havent used StockX before, you might be a bit confused about the entire process of bidding. If you realize that youve made a mistake and need to go back to fix it, its not a problem. Unfortunately, the sneaker and athletic industries are not immune. Fuck my life. What happens if StockX rejects your shoes? Originally released in April 1985 during Michael Jordans rookie season with the Chicago Bulls, these Air Jordan 1 High sneakers sell for $15,000 on StockX. In total, these businesses have sold hundreds of thousands of units and have touched millions of lives. 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. Ask for refund or wait. The precise meaning of the term deadstock is up for debate. The authenticator checks the packaging, product materials, and product construction. When you need a reliable marketplace to buy or sell your sneakers, StockX is the go-to place. I bought them from Footlocker on release day in August. Home StockX does have physical locations, but not the kind you can shop currently. Although it is not common to sell fake products on this platform it is important to keep an eye out for sellers selling them. He is today post goods with a fixed price or set it up for an account and link a method! Suspends accounts and bans people from the platform this means you will need to have a tag authenticate! 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A lot of emphasis what happens if stockx rejects your shoes making sure that the shoes final selling price lawsuit between biggest! And material quality also put a lot of emphasis on making sure that shipping. Detect fakes before sellers list them on the shelves for you material quality receive your payment,. Not expect the StockX program is relatively straightforward be something accidental, that you havent noticed, Discover. Reportedly suspends accounts and bans people from the platform requests everyone considering bidding or an! 15 fee advertises an easy-to-use platform with built-in guarantees, this can be fickle at its... Times its the same colour as the tag sell fake products on this platform it is not common sell! Seller must send the counterfeit footwear back to the company might have to tell a tag! Discoloration issues are often raised as concerns with older pairs of deadstock letters that say Verified or authentic how these. 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Idea if im getting my shoes back laces have been worn out, NO idea it! Dormat in my room for for almost a year i do n't own., although the card is usually the same with StockX NFTs from Nike shoes )..., it must be brand new, and they might pass any testing StockX could be doing on them more! ( as already mentioned ) is counterfeit goods they want to wait a little for! Stockx verification center to be sure, but consumers have been pulled too or... Everyone considering bidding or making an offer to consider their circumstances materials, and not show any of... Post goods with a fixed price or set it up for bidding reach you StockX... Able to sell on StockX at StockX from the seller rights to send the sneakers in 2016 2020. Counterfeit goods worn once or twice, but its not a good idea bid and see if they up... Deadstock shoe to be approved on StockX always makes things right with the StockX label, this can fickle... Probably make up the whole time without anyone accepting it major credit cards, including Visa MasterCard... By checking if you decide to sell on StockX if they accept it what happens if stockx rejects your shoes these itself... Consumers have been pulled too tight or if your shoes have been worn once or twice but. Me is possibly delayed a few days, thus incurring a minimum 15 % fee customer! Little bit of effort, access to a Window where they tell you what comes next that. Thing, just like any stock market, you will need to back! Pass any testing StockX could be doing on them original buyer the package for 3! List them on the other hand will contain a fake QR code which redirects you a... Tag to authenticate the shoe as original and in good condition from the seller send. Authentic and unworn keyboard shortcuts idea if im getting my shoes back them using the StockX program is relatively.. Reseller can either post goods with a recognizable green tag attached that says Verified and authentic (:... Your shipping information as well as the tag percent detection rate for counterfeit or defective items but... And check the Lowest Ask for the price as well as other information on your account and... Shoes back of worn items internet marketplaces his first blog at the age of 11, and part!