These are your two options for buying items on StockX. 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. My Account. However, if you want to wait a little while for a better price, you have the option to bid on any item. The string attached to the tag is another way to tell the difference between real and fake tags. To begin offering items for sale, you must create a seller account. One of StockXs unique selling points is that they verify and authenticate all items that are sold on their platform. Indeed, StockX doesnt simply connect a buyer and seller to complete a transaction and let the chips fall as they may. If the item does not pass the authentication test, StockX will attempt to connect the buyer with a new vendor. Another warning indication is a break in the shoes midsole; this happens more often with worn-in shoes than with brand-new ones bought using Nikes SNKRS application. These letters have longer letters and a more prominent texture. 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. 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 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. Obviously, their policy on counterfeits is a good one we can all agree that nobody should be allowed to get away with selling fake shoes. Users faith in the system has been eroded gradually due to the prevalence of fakes they have received as buyers. You will see your Purchase History as well as all the live bids you have at the moment. StockX refers to the shoes they buy and sell as deadstock sneakers. The online retailer has been a major player in the sneaker market since its 2015 launch by Dan Gilbert. For sellers, the process is not that different. ), The new suit is pressure-testing the relationship between a retailer and a manufacturerand its unprecedented territory. Mark Wilson is the Global Design Editor at Fast Company. 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. StockX calls new, original shoes that have never been worn deadstock. There will be original packagings like a label (containing details like shoe size), the lid, and the box that come with the deadstock shoe. Right now, there are drop-off locations in London, New York City, and Los Angeles. What Happens If StockX Doesn't Approve Your Item? Are you planning on placing a bid on StockX? StockX could have severe consequences if you are caught selling fake products on its platform. In this case, the company might have to connect them with another seller. The Air Jordan 11 Retro Bred 2019 is one of the most frequently sold sneakers on StockX. Let us know in the comments section below. What happens next? If you bought the incorrect size, this also applies to you. A user can either click 'buy now' and submit a bid. Theyre completely indistinguishable, and they might pass any testing StockX could be doing on them. Deadstock shoes, under StockXs definition, have never been worn. They may notify law enforcement if they are sent fake shoes through their webpage. As a seller, you will first need to set up an account and post your listings. If [investigations] did in fact find they were counterfeit, it is going to be bad for PR. Every detail is compared to the original pair of shoes, including stitching, gluing, and material quality. Celebrities Thats actually illegal as well. You have many payment options with StockX. This program is run in partnership with Affirm. 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. they are still, technically, unauthorized Nikes. In the event that your information cannot be verified, you will be required to enter a new payment method to complete your transaction. Although it is not common to sell fake products on this platform it is important to keep an eye out for sellers selling them. If you read their conditions of sale, youll see that this is deemed dead stock. (Full Details, Prices + More!). By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Note:Items not passing verification is one of the rare instances where StockX will cancel orders for buyers. Of course, Nike might not actually care about the counterfeiting of a few shoes unto itself as much as this lawsuit might imply. If a bank account is linked to the PayPal account, this could prevent a successful purchase. I sold a pair of satin black toes on StockX, sent them over within the required time frame, and now they've failed verification somehow. 2019 What To Do When Reselling On StockX - YouTube StockX recently sent back the shoes that I sold for $195. Notably, for the deadstock shoe to be approved on StockX, it must be packaged in the original packaging. If you want to connect with James, follow him on your favorite social networks! . You can have a bid go through unexpectedly, or you could sit on something for too long and end up paying the highest possible price. Required fields are marked *. This was my first ever sale on their platform. If your Bid is the highest, and a seller places an Ask for the item that matches your Bid, theyll automatically sell to you. (What To Know! You will also be able to see the release date of the sneakers youve picked. i just sold my hoodie too, it's been in the package for about 3 months and it failed. Some sellers have expressed frustration, believing that StockX is a little bittoostrict with some of their authentication processes. . Scroll down a bit and choose the duration of your Bid as well. English (US).css-1q2a7ix{width:1em;height:1em;display:inline-block;line-height:1em;-webkit-flex-shrink:0;-ms-flex-negative:0;flex-shrink:0;color:currentColor;vertical-align:middle;margin-left:var(--chakra-space-1);}. There are a few different things that can cause verification to fail on StockX. But over the course of the trial, the facts came out: These were actually legitimate Coach products that Kim had gotten on discount as an employee, and she was simply flipping them for a profit. StockX - The live marketplace of current culture. ), Waiting For Seller To Ship On Stockx (What It Means! Continue reading to learn more about StockXs authentication process. Important note: Youre not allowed to put any stickers to the shipping box that has HAZMAT labels. 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). Don't let returns and other small issues set you back when you are trying to grow your income streams. If the laces are still in good condition, StockX will take your lacing-up shoes. Your email address will not be published. By doing this first, StockX confirms every order matches. StockX is an online retail marketplace for shoes, clothing, collectibles, handbags, watches, and electronics. Go to My Account on StockX and select Buying. Online shopping presents a major problem for buyers. Create an account to follow your favorite communities and start taking part in conversations. It was founded in Detroit, Michigan in 2015 and currently has over 800 employees in Detroit, New Jersey, Arizona, the UK, and the Netherlands. Manufacturers actually audit for counterfeiting regularly, and they buy their own products from retailers all the time, according to Grinvald. But none of this is all that cut and dry, and StockX could win in court, depending how evidence and arguments are presented. If your item has been found to be counterfeit, the product may be seized and turned over to the proper authorities. Most criticism however comes from just how strict StockX can be regarding dirt and other tiny marks on the products. ), What Condition Do Shoes Have To Be To Sell On Stockx? StockX may allow for a return and refund of the shoes, When Does Meijer Restock? Sellers who do notsend their shoes out on time or do not package them securely might be punished by StockX. StockX has physical drop-off locations. Only DS shoes, an acronym for deadstock, are acceptable at StockX. The group aimed to disrupt the e-commerce industry, especially around sneakers. one of the rare instances where StockX will cancel orders for buyers. The company advocates transparency for all your sneaker and athleticwear needs. What Happens If StockX Doesnt Approve During Verification? If StockX doesnt approve for whatever reason, you will be subject to a fee of 15% of the items price, and a minimum of $15. In such instances, the buyer does not incur any additional costs. It's been sitting dormat in my room for for almost a year I don't even own anything with scent. Nike did not respond to a request for comment by press time. Their system is so fucked up theres nothing you or I can do about it. Press question mark to learn the rest of the keyboard shortcuts. After ensuring that youve followed the protocol of adequately packaging your shoes for StockX, its time to send them to the company. StockX allows you to bid on the rarest and most desired sneakers created. . Continue reading to learn more about shoes that fail to pass the StockX authentication test. Keep hustling everyone! SUBSCRIBE! How are the import duties, sales tax, and Buyer processing fees calculated? I hope that youve found this article helpful. If you keep sending them fakes they will suspend your account. Would StockX be held liable then? Original shoes are then sold on StockX. While this idea seems a little far fetched (and not in the companys best interest), photo evidence has shown products that looked perfectly fine being rejected. The company started as a marketplace for sneakers, but has since expanded into other clothing . Then you can bid or pay the asking price on any sneakers that catch your fancy. When its nearly expired, StockX will send you an email reminder and suggest a renewal. This process is similar to a multi-point inspection, and every single product on the StockX platform goes through it. Seller is not shipping my order to StockX. 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. Along with Goat, it is among the biggest names in the sneaker resale market. But its a phrase that means different things to different people. This action will print out the invoice as well as the shipping label that goes on the box. StockX is undoubtedly one of the few online retailers that has a strict authentication policy. Once you complete the steps in the self service portal you will be notified right away if your information was verified, and if so, be able to purchase the item again. Nike has only lately filed a lawsuit against the resale site for minting NFTs and trademark infringement. Continue to search our help center or contact us. StockX is only a marketplace for deadstock merchandise, and does not accept the sale of worn items. Since we are a marketplace, with live pricing, your transaction will not be completed automatically. I dont think weve seen a case like this, says Leah Chan Grinvald, associate dean and professor of law at Suffolk University. It was just a plain cardboard box I got another pair of 1's in from Sheikh shoes. The company reportedly suspends accounts and bans people from the platform if the goods are not real. Its a remote possibility, to be sure, but the statistics dont lie. For whatever reason, StockX will only take specific styles of footwear. How a court would interpret the nuance of all these details is a complete gray area because there are no perfect precedents. They also put a lot of emphasis on making sure that the shoes arent fake. Instead of sellers sending items directly to buyers, they must first send them to a StockX verification center to be authenticated. A bid can stay up the whole time without anyone accepting it. All of these actions are taken to expedite shipment to the customer as soon as possible. Once you complete the steps in the self service portal you will be notified right away if your information was verified, and if so, be able to purchase the item again. Should your Bid fail, you will be required to enter a new payment method to complete your transaction. 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. Note that before making any sales on StockX, make sure to read the terms and conditions. Your email address will not be published. StockX Rules for Shoe Conditions: What Happens if You Break the Rules In as much as you use StockX for show sales, the shoes have to be in perfect condition. 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