Search "appeal fees" on DoNotPay, choose the Fight and Waive Fees product, and select the type of fee you want to appeal. For buyers it is straightforward, however for sellers the high commission can eat away at profits. Between fees, prices, the ability to purchase slightly worn shoes for well below their going rate, no other site compares. I wonder how these made it through the filter if every item is reviewed? Please read our Community Rules and Guidelines, Pay, shop, and do even more on the PayPal appGet the App. Partner fees are seller fees assessed by the website an item is sold from and are not part of the fees for using our services to receive money. core (like nike sneakers, sweats etc.) Keep in mind that all these still depend on the subscription model of the seller. The retail experience is relatively straightforward and all items are authenticated in-house at one of StockX's warehouses around the world. Getting paid:Payments through direct deposit or PayPal are subject to a 2.9 percent cash out fee. EBay typically charges around 10% of the items sale value, with variations based on the product sold and the sellers account tier. Okay, we knowwere putting ourselves at the top of the list. Etsy also offers tools to help sellers manage and promote their online businesses, and Etsy lets you take advantage of shipping discounts. Getting paid:Once your sold item is successfully verified by StockXs authentication staff, you can get paid in as soon as 30 minutes if you choose PayPal as your preferred payment method or in a few hours if you choose Venmo. StockX is less straightforward than competitors. View cart for details. Cons Then why this "Partner" is charging us? Grailed by the numbers. eBay was founded in 1995, and it definitely shows in the user interface. Whats great about the resale platform is that it offers real-time pricing data and buyers can see the price history of specific items. The higher of the two final value fees is charged, if your item sells, Reserve price Today, the company sells everything from streetwear to watches and handbags, all of which are in brand new condition. You may be charged final value fees if you violate our policy of buying or selling outside of eBay, or we may apply additional final value fees if you are not meeting our performance expectations. These platforms have invested heavily in expanding their internal authentication teams, citing consumer trust as a valuable asset to cultivate. my hype items never, I think its hard to sell unless you are the lowest priced. I've been using Grailed since 2015 but the latest item I've sold, the fees came out to over 25% wtf. In the table below, you'll find the basic fees for items listed in most categories and the number of zero insertion fee listings you'll get each month. We charge an insertion fee and applicable optional listing upgrade fees when you list your item for the first time, and each time it renews. If you have already completed the transaction, you can contact customer service and request the fee be refunded. But, trust us, theres a reason behind the blatant bias and ego. Here is an overview of fees, credits, and invoices on eBay. For comparison, StockX brought in about $700 million last year, though that includes its other categories, which make up a smaller portion of . Select the payment method you received based on buyer's location. Competing on selling fees is also important since eBay does not compete with other resellers on authentication. The fee was raised from 6% in August. This can happen on any platform, of course, but Grailed is the only one with the lack of integrity to claim an item has been authenticated without ever actually seeing it. For international payments, there is a payment processing fee of 4.99% + .49 USD. The company is currently approving sneaker sellers on a rolling basis and a limited number of apparel and accessory sellers. If youre approved, youll use GOATs app to search for your item, enter its condition and price, and upload photos. Otherwise, we charge a notice fee, whether or not you carry out the sale with the buyer. just sit. The 500 Greatest Songs of All Time On eBay, top sneaker stores like Stadium Goods are always open to a global audience across every time zone, so you can check out their eBay store to browse and buy the latest must-haves.. What is Grailed's commission fee used for? Do you have an eBay Store or want to sell vehicles? Flight Club only deals in new sneakers. The delivery address for the item (entered by the buyer during checkout) is outside the US, The buyer's registered address is outside the US (regardless of the delivery address for the item), If you use supplemental services, such as buying and printing, Sellers may be invoiced for fees under certain circumstances, The fees on this page apply to listings on eBay.com. GRAILED COMMISSION FEE 9% The Grailed Commission fee is applicable to domestic and international transactions. For men's athletic shoes, there's no final value fee if the pair sells. This means it is most likely that your fees will be higher when selling on Grailed than on Ebay once you account for shipping. Good for selling: New, unused good condition sneakers, Popular brands:Adidas, Jordan, Nike, Yeezy. 2013. For US domestic payments, there is a payment processing fee of 3.49% + .49 USD. While Ebay has its own flaws, Grailed no longer offers any real advantage to sellers since raising the Grailed fee. Currently, eBay accounts pay for any final value fee between 3.5% to 12.55%, with the addition of $0.30 per order across most categories. I agree that Paypal protection can be one sided. The platforms massive database of products make it convenient for sellers to easily list their goods without adding item specifics (such as fabrics and materials, weight, etc.). The amount we charge depends on the item's price, the format and category you choose for your listing, any optional listing upgrades you add, and your seller conduct and performance. Grailed is a true marketplace, meaning we dont offer a traditional SKU systembut we do have SKUs for a massive amount of in-demand sneakers, with more added regularly! Sneakers are a key area for growth for eBay. That said, if you maintain a high seller score, deal predominantly in new sneakersthough GOAT does allow used pairs as wellthen you can potentially make money. Send us a tip using our anonymous form. Insane. While Amazon charges nearly 15% and eBay isn't far behind at 13% Grailed charges close to 10%. With a big marketing push, StockX has established itself as setting the market rate for many of the most hyped sneakers. Consensus: Theres a reason Grailed has such an incredible user retention rate. The Grailed marketplaceallows people to sell men's clothes, shoes, and accessories from high-end designers. Appreciate the responses. Grailed claims to offer their own protection which I have yet to hear any testimonials about, just constant copy pasta from Grailed staff. Of course there would also be the operation cost of investigating the case themselves. While technically one entity, each still operates independently and are seemingly autonomous. Thanks in advance. the more you sell, the less you pay. An avenue for Grailed users to ask each other questions, offer tips for buying and selling, share steals, discuss favorite purchases, and build the community. Upgrades you have selected for your listing. *2022 Update*As of January 19, 2022, Ebay has reinstated a final value fee for sneakers. 37 19 19 comments Best Add a Comment For sellers, Grailed feeshave gone up to 9%. From StockX to eBay, these online marketplaces will help turn your clothes and kicks (and more) into cash, Got Unworn Kicks and Closet Castoffs? I was wondering if Grailed has a similar side with the buyer no matter what policy or if they actually value their sellers. Please note that for international payments processed through PayPal, the payment processing fee may vary based on the location of the buyer's PayPal billing address. PayPal fees are then added to that. The self-described stock market of things StockX began as a marketplace to determine the actual aftermarket value of hyped sneakers. For our community of sneakerheads, eliminating selling fees allows them to turn their sneakers into more cash to fund future purchases, and results in a more robust sneaker inventory for shoppers everywhere, said Jeff Chan, head of mens footwear and apparel at eBay. Absolutely. The website offers a traditional retail experience, with worldwide shipping and simple buying mechanics, search functionality and so forth. Find high-quality men's and women's streetwear & designer pieces from the brands you love at Grailed, the community marketplace for men's and women's clothing . Given our current sneaker climate and demand far outweighing supply, the converse is true as well. 8% if total amount of the sale is $150 or more. Privacy Policy. Stadium Goods is a similar experience to many other platforms, offering a wide array of sneakers varying in cost due to size and demand. The item was purchased for $25 and the partner fee was $2.00. As the authoritative mens clothing marketplace, we know a thing or two about buying and selling, and we ranked the best places across the web to buy and sell sneakersincluding ourselves of course! Free for many users to make an account, Grailed offers low fees for sellers. Partner fees are seller fees assessed by the website an item is sold from and are not part of the fees for using our services to receive money. The catalogue is similar to many competitors, and like many others only deals in brand new merchandise. How can i find who is taking this money out of my account. Fees for Real Estate listings include an insertion fee, a notice fee, and fees for any optional listing upgrades you choose. A partner fee is different from the PayPal fee for using our services to receive payments and will usually say in the transaction details. just wish they would launch more features for sellers rather than spending all their funding on curation stuff 4 joeharrisbeard 2 yr. ago Doesn't poshmark have ridiculous fees? Get news and analysis about fashion, beauty and culture delivered to your inbox every morning. To list an item, there are 13 required fields, and at least 20 more optional ones. If your registered address is in the US, we charge an International fee if either: This fee is calculated as 1.65% of the total amount of the sale and is automatically deducted from your sales. Given our industry low fee structure, sneakers are legitimately cheaper on Grailed. For sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. Getting paid:Some of the most common payment methods include PayPal, credit or debit cards, and Apple and Google Pay. As competition between all those players heats up, removing selling fees entirely is one way the company is looking to get back on top and stimulate its own internal sneaker economy. I need some help please. But, if you are willing/can afford losing an item, it's useful for a few extra sales imo. No matter which format you choose, there are some rules you should be aware of, so please take a moment to read our Real estate policy. The fees for these optional listing upgrades vary depending on your item's price and the listing format and duration. That said, higher fees and longer wait times make selling on StockX a longer process than competitors. How it works:Sellers list their own items with at least three photos, details, and pricing, and then select categories such as Grailed, Hype, Sartorial, and Core. You're selling a trading card for $9,500 with free shipping. But like the others, those interested in buying and selling may find the platform limiting. Shopping at either the website or brick and mortar locations is reminiscent of a traditional ecommerce or retail experience, respectively. While this is a huge disappointment, there is no additional Paypal fee, so the 8% fee is about 3% less than the fee youll pay for selling on Grailed. We've outlined the differences below. You're selling the latest version of a smartphone in used condition using a 10-day duration. We charge one final value fee when your item sells, and you don't have to worry about third-party payment processing fees. Links to our international fees pages: Australia - opens in new window or tab | United Kingdom - opens in new window or tab | Canada - opens in new window or tab | Germany - opens in new window or tab | Spain - opens in new window or tab | France - opens in new window or tab | Italy - opens in new window or tab | Ireland - opens in new window or tab | Belgium (Dutch) - opens in new window or tab | Belgium (French) - opens in new window or tab | Austria - opens in new window or tab | Switzerland - opens in new window or tab | Netherlands - opens in new window or tab | Poland - opens in new window or tab | Greater China region - opens in new window or tab | All other countries - opens in new window or tab. Create an account to follow your favorite communities and start taking part in conversations. The $0.30 per order is not charged, 13.25% if total amount of the sale is less than $150, Building Materials & Supplies > Modular & Pre-Fabricated Buildings, No bids meet your reserve price, if you added one, Your item is listed in the Classified Ad format, $1.50 Classified Ads and Real Estate listings, If your account doesn't meet our minimum seller performance standards for the US in the evaluation on the 20th of the month, you'll be charged an additional 6% on the final value fees applicable to sales in the following calendar month. Enter the total amount sold before fees & excluding shipping charges. Check out some of the other product series and discover how you can save time and money using DoNotPay. However, with the new update, items sold after March 1, 2022, are now 12.9% + $0.30 for every order on most categories. Consensus: From a buyers perspective, GOAT is great. StockX will catch most fake items, while Ebay will not, but nor will they ever claim to be able to verify an item as authentic. When a seller sells something on Grailed, our fee is deducted within the transaction itselfand then Grailed's 6% partner fee is deducted separately. All rights reserved. Here is a listing we came across when it was first listed. I apologize that I don't know what website you accept donations on or if they charge a fee independent from ours, but it looks like you're located in the US where our standard fee is 2.9% + $0.30 USD to receive payments. The products work across all products and services in every city and state. By looking at our internal data, we believed this to be the optimal number to entice more sellers, knowing they will be able to sell at a faster rate while continuing to make a profit, and also offer buyers the pieces they desire at an attractive price, Bittner said, noting that sales of lower-priced items nearly tripled after the change was enacted. GOAT focuses exclusively on footwear, predominantly recent drops and noteworthy collaborations. Enter the total amount charged for shipping to buyer. Press J to jump to the feed. Depending on your method of shipping, USPS labels will usually cost you about 15-40% less than what youll be paying if you purchase a label through Paypal. They do not make it clear what percentage of items are reviewed by humans, or how they determine which items to tag Digitally Authenticated, but they do claim every item is reviewed. Thank you so much for joining thePayPal Community, and I'm so sorry that the community was not able to answer your question. What separates eBay from other sellers is our strong partnerships with other brands. If there is a good reason for the request, you may be able to get a refund. The total amount of the sale includes the item price, any handling charges, the shipping service the buyer selects, sales tax, and any other applicable fees. Do you know who does not physically authenticate ANY items? Commission and selling fees:For sellers listing 200 items or less, eBay does not charge an insertion or listing fee. When a task is too time-consuming or confusing, the chances are that DoNotPay has a product for that. Consensus: While an iconic destination, Flight Club is predominantly a retail experience. Good for selling:Vintage items (including clothing, accessories, and music memorabilia), handmade goods, and craft supplies.