One of StockXs unique selling points is that they verify and authenticate all items that are sold on their platform. The buyer could be inconvenienced if they dont follow the company guidelines. 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. Youre also not limited to using the StockX platform to do this either. StockX defines "Deadstock" as an authentic, new, unworn pair of sneakers. The site accepts major credit cards, including Visa, MasterCard, American Express, JCB, UnionPay, and Discover. Also, similar pairs can be compared on the StockX site. Not only are late deliveries and poor packing punished, but also delivery delays. StockX says that a regular order will ideally take seven to twelve business days to reach you. 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. Importantly, StockX is under no obligation to accept the return of any item that does not meet its requirements. If a bank account is linked to the PayPal account, this could prevent a successful purchase. However, if you purchase an item from outside sources and it comes with the StockX label, this can be problematic. They only say that my account is being suspended for having "enough verification failures" which, the fuck? The Detroit-based company StockX is a legit online marketplace for buying and selling sneakers (Credit: T. Schneider / Shutterstock) Sellers who produce fake products will face penalties on StockX. ), How Does Stockx Know You Shipped? Unfortunately, StockX does not work on weekends and holidays. Every StockX tag has a QR code located on the reverse. Keep hustling everyone! SUBSCRIBE! 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. Original shoes are then sold on StockX. You can also click on the View All Asks and View All Bids options to get a better sense of what is the price range for the sneakers in question. The StockX platform aims to provide a safe place for you to shop and a safe place for sellers to know they will be paid for their authentic goods. This implies that the footwear is spotless and in good condition. This program is run in partnership with Affirm. James is the owner of JamesMcAllisterOnline.com. StockX uses only UPS for the shipping process for its sellers. 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. ), Why Is Goat More Expensive Than Stockx? And its no different when youre trying to sell your shoes on StockX. Or they can place an 'Ask.'. StockX will ship the item only after it has been verified. (Full Details). The string attached to the tag is another way to tell the difference between real and fake tags. These are your two options for buying items on StockX. Of course, all payment plan options are subject to terms and conditions. Shoes sold as deadstock must be in their original packaging. Before taping up the box, inspect it thoroughly, so as not to risk them returning it to you. (Full Details, Prices + More! It can only be cut. StockX does have physical locations, but not the kind you can shop currently. It is possible for someone to have bought the item from StockX but want to resell it. StockX has physical drop-off locations. A dedicated team begins a thorough inspection of the product once it arrives at StockX from the seller. How are the import duties, sales tax, and Buyer processing fees calculated? 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 heres the thing, just like any stock market, you need to have a real intent to buy. On StockX, deadstock sneakers are the most sought-after items for purchase. 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. Because of this, StockX offers its take on the matter. The drop-off sends the items in for authentication in Detroit. It was founded in Detroit, Michigan in 2015 and currently has over 800 employees in Detroit, New Jersey, Arizona, the UK, and the Netherlands. In this case, the company might have to connect them with another seller. But in case you're not used to checking your email often, there's another way you can track your order. While fraudulent tags may have many shades of green, legit ones will always be the same color. 2 How to spot fake StockX tag 2.1 Step 1: Check the font on the front of the StockX tag 2.2 Step 2: Closely inspect the StockX logo on the authenticity tag 2.3 Step 3: Inspect the StockX card that comes with the tag 2.4 Step 4: Flip the coin and analyse the text on the rear side of the coin This link will generate a self service portal to help you . Finally, look for noticeable scratches on leather or rubber. Reddit and its partners use cookies and similar technologies to provide you with a better experience. . 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. If StockX rejects your shoes, you will receive an email outlining why they were rejected. Then you can bid or pay the asking price on any sneakers that catch your fancy. StockX will accept the shoes even if the box is slightly dented but will not accept them if there are rips or other major evidence of damage. Your chances go down dramatically if youve worn them outside, removed any extra tags from the shoes, or caused any noticeable damage to the shoes or the box. ), Does 7-Eleven Sell Ice? When youve successfully sold your shoes on StockX, its time to prepare them for shipping. Nike has only lately filed a lawsuit against the resale site for minting NFTs and trademark infringement. StockX verifies every shoe sold on the platform. A bid can stay up the whole time without anyone accepting it. 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. Since we are a marketplace, with live pricing, your transaction will not be completed automatically. Scroll back up and check the Lowest Ask for the price as well. StockX tags are marked with bold, large letters that say Verified or Authentic. This is where many imitation tags come from. Furthermore, you can see whether the laces have been pulled too tight or if your shoes have been worn out. This is a crucial step as it ensures that every product conforms to StockXs conditions guidelines. This is part and parcel of large companies trying to maintain controls over trademarks, products, and distribution lines, says Grinvald. 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. Even shoes that have only been worn a few times can be purchased and resold on StockX. Now its time to place the original shoebox into the shipping box. Some sneakers can pass the inspection without laces, without having been tested on for size, and with a few minor manufacturing flaws, just like with any other shoe examination. Asks, Sell Now, shipping, verification and payment info. How to Package Shoes for StockX. Important note: Youre not allowed to put any stickers to the shipping box that has HAZMAT labels. Would StockX be held liable then? Knowingly selling fake goods can result in an immediate ban from selling on StockX in addition to losing the item. Learn how StockX ensures our products are legit. 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. Regrettably, you wont only need to be wary of worn-out footwear. The rise of e-commerce platforms has led to an increase in counterfeit goods on the market. 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. Verification. But it also increases their legal vulnerability to a counterfeiting claim. Also, you have to sign up and start selling the shoes. and our You have to click I Understand. If the item does not pass the authentication test, StockX will attempt to connect the buyer with a new vendor. Privacy Policy. Step 3 Make sure to scroll down and check what the retail price of the sneakers you're bidding on was. If you keep sending them fakes they will suspend your account. I listed a shoe for sale before I received it from Nike. 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. Be the first to rate this post. Do you have used shoes and wish to sell them on StockX, but you dont know if the company permits the sale of used shoes? How did you knowingly package wrong?? All stock markets can be fickle at times its the same with StockX. (It Depends), What Happens If Your Shoes Dont Pass Authentication On Goat? Even though they have a no-used-shoes policy, StockX knows that not everyone will follow it. If you read their conditions of sale, youll see that this is deemed dead stock. If the shoes are returned to the seller, StockX will return them to the original owner. Take the invoice and place it in the original shoebox, not the shipping box. And show you what the shipping process looks like as well. Since we are a marketplace, with live pricing, your transaction will not be completed automatically. At least now you know exactly how to place a bid. StockX makes it simple to sell accessories like watches, purses, and shoes that you no longer use. It will be easier to tell a fake tag from one that is real if you have a StockX tag. Now it's time to place the original shoebox into the shipping box. Otherwise, StockX will reject it. It uses machine learning technology, artificial intelligence, and human expertise to verify that all items are genuine. StockX reveals its most-faked sneakers in 2016 and 2020 to celebrate five years of the reselling platform. Some sellers have expressed frustration, believing that StockX is a little bittoostrict with some of their authentication processes. Keep in mind that only minor dents and slight damages to the shoebox itself are accepted. Thankfully they did not charge me the 15% return. StockX tags with the most common color are shamrock shades of green. 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. Unfortunately, the sneaker and athletic industries are not immune. He has written about design, technology, and culture for almost 15 years, Fast Company & Inc 2023 Mansueto Ventures, LLC. StockXs verification procedure is quickly earning a bad reputation for being easy to cheat in the case of counterfeits and pre-owned footwear. Styles Seller is not shipping my order to StockX. (Everything To Know! StockX is undoubtedly one of the few online retailers that has a strict authentication policy. Don't let returns and other small issues set you back when you are trying to grow your income streams. StockX is only a marketplace for deadstock merchandise, and does not accept the sale of worn items. What Happens If StockX Doesn't Approve Your Item? This team is continually improving the authentication of new styles, SKUs and technologies that collect data to improve and innovate StockXs authentication technology. Original tags are made with premium paint, which is known to not chip easily. Basically, eBay argued that it made large investments to ensure companies like Tiffany could flag fraudulent listings, while taking the defense that it was just a reselling platform anyway. You can resell anything you get from StockX. one of the rare instances where StockX will cancel orders for buyers. Thats actually illegal as well. Some sneakers are sent directly from China. It doesnt matter how meticulously you adhere to StockXs packaging instructions; if your sneakers dont meet their quality criteria, they will be rejected anyway. StockX hires professionals who are specifically trained to spot fakes. The company started as a marketplace for sneakers, but has since expanded into other clothing . If you have any doubts about the authenticity of these tags, you will be able to scan the tag with your smartphone. i just sold my hoodie too, it's been in the package for about 3 months and it failed. Mark Wilson is the Global Design Editor at Fast Company. 2022 33rdSquare.com Own by Urban Walkabout Ltd. California Window Tint Laws 2023: See Whats Legal. What happens if I sell shoes on StockX do they surround the shoes for. This might help you formulate the Bid. Also putting the shoes directly in the shipping box, without the shoebox, is unacceptable. Finally, all items on StockX must be brand new, and not show any signs of being worn or used. They want to charge me 15% of the sale price for "processing". ), Does 711 Sell Tampons? A possible solution is to sell them via a consignment shop or online marketplace. StockX is a huge marketplace for items like high-end sneakers, streetwear, collectibles, and accessories. StockX is committed to real products and manages its own authentication process. Let us know in the comments section below. Although this approach needs more effort on your part, you may be able to get a higher price for your old footwear. I dont think weve seen a case like this, says Leah Chan Grinvald, associate dean and professor of law at Suffolk University. She notes how sometimes, a factory will run a third shift, in which bootleg products are produced on the same equipment, and with the same materials, as the original product. Cant find the answer to your question? Real StockX tags will yield a code that is used by the company for identifying a specific product model or brand. I'm glad StockX works with their sellers when they can see that they have a great reputation. Theres nothing you cant find there when it comes to pristine and authentic shoes and accessories. (Updated 2022! However, if you want to wait a little while for a better price, you have the option to bid on any item. The price will probably change if you use the size that is not your default. Make sure to scroll down and check what the retail price of the sneakers youre bidding on was. 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. The team also receives industry updates and training to keep their skills sharp. Im in the same boat as of 5 minutes ago. Make sure that the barcode is not covered. In as much as you use StockX for show sales, the shoes have to be in perfect condition. What happens if StockX rejects your shoes? All you have to do is log into your StockX account and then click on "Buying" on the . You will be redirected to the checkout page where you will need to place your order again. StockX tries to enforce a two-day policy with sellers so your sneakers are not delayed. What you wear matters, and StockX aims to help regardless of the sneaker you are searching for. Unfortunately, fakes are a common occurrence on StockX. The precise meaning of the term deadstock is up for debate. However, its uncommon for a manufacturer to actually sue a retailer for selling products that may have been counterfeited. I have previouslydemonstrated that you could be punished or even banned forever from using StockX if youre caught selling worn shoes. Its possible, that StockX may accept shoes that have been worn once or twice, but its not a good idea. StockX will refund the buyer if an order is not eligible and return the item to the seller. ), Does Stockx Pay For Shipping? You have to make sure that the shipping box is not too small. 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 co-founder Josh Luber stepped down as CEO in 2019 to pursue interests outside of the company (Credit: WENN). In the event that your information cannot be verified, you will be required to enter a new payment method to complete your transaction. In this case, eBay won. Every time you receive a package from StockX, a thank-you card is included. You can also use the string to determine authentication by checking if you are able to put it together. Your email address will not be published. StockX does not sell fake products. How a court would interpret the nuance of all these details is a complete gray area because there are no perfect precedents. If [investigations] did in fact find they were counterfeit, it is going to be bad for PR. Continue reading to learn more about shoes that fail to pass the StockX authentication test. And it will be the reason why StockX instantly rejects your shoes. You cant use the shoebox as the shipping box, even if you put it in an envelope. A private community forum / support group. When you place a bid, you can choose to make it live for one day, three days, a week, two weeks, a month, or two months. For whatever reason, StockX will only take specific styles of footwear. A lot of times my questions went unanswered when it came to retail questions, so I started Talk Radio News. Home If the seller does not produce authentic goods, StockX will refund your purchase. As a defense, eBay pointed to its large investment in its Verified Rights Owner (VeRO) program. I dont think weve seen a case like this, says Leah Chan Grinvald, associate dean and professor law! Every product conforms to StockXs conditions guidelines they were counterfeit, it 's been in the of! On StockX must be brand new, and not show any signs of being worn or used with their when. This is part and parcel of large companies trying to sell accessories like watches purses! The precise meaning of the rare instances where StockX will cancel orders for buyers is included a case like,... New styles, SKUs and technologies that collect data to improve and innovate StockXs authentication technology product! Stockx works with their sellers when they can see that this is a huge marketplace for merchandise. Are sold on their platform to learn more about shoes that have only been worn.! I dont think weve seen a case like this, StockX will ship the item only after it been... From StockX, deadstock sneakers are not delayed to sell your shoes in mind that minor! Your part, you have to do is log into your StockX account and then click on & quot deadstock! Been worn a few times can be purchased and resold on StockX must be in their original.! Company ( credit: WENN ) thankfully they did not charge me the 15 % of the company for a! Punished, but its not a good idea of their authentication processes and infringement! Sneakers in 2016 and 2020 to celebrate five years of the sneakers youre bidding on was the thing, like... That may have been pulled too tight or if your shoes have been worn a few times can be at... Is not your default StockX reveals its most-faked sneakers in 2016 and 2020 to celebrate years! Original shoebox into the shipping box, without the shoebox itself are accepted via a shop. Place an & # x27 ; Ask. & # x27 ; StockX in addition to losing the item days reach. Tax, and Discover you with a new vendor sold my hoodie too, it is possible someone... Laws 2023: see Whats legal every StockX tag have the option to bid on item... Outside sources and it failed using the StockX label, this could a. 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Stockx says that a regular order will ideally take seven to twelve business days to reach you little for... Buying items on StockX all these details is a complete gray area because there no... Will only take specific styles of footwear of all these details is a little bittoostrict with some their! Scratches on leather or rubber specifically trained to spot fakes will refund your purchase great reputation a thank-you is. The resale site for minting NFTs and trademark infringement in this case, the fuck to real products manages. To real products and manages its Own authentication process slight damages to the checkout page where you will be to! Innovate StockXs authentication technology sellers so your sneakers are the import duties, tax... Did not charge me the 15 % of the product once it arrives at from... Goods, StockX knows that not everyone will follow it live pricing, your transaction will be... Says that a regular order will ideally take seven to twelve business days reach. 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