Privacy Policy, Brands The team also receives industry updates and training to keep their skills sharp. (Full Guide! (Full Details). Your email address will not be published. StockX will accept shoes that are laced up already, provided they don't show any signs of wear. Go to My Account on StockX and select Buying. What Happens If StockX Doesnt Approve Your Item? Everything was intact when I sent them, even the paper they came wrapped in within the box. They werent, but whatever. When you need a reliable marketplace to buy or sell your sneakers, StockX is the go-to place. 1 What is the StockX tag? You can easily compare them. . Depending on the exact reason StockX declines your . 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. When youve successfully sold your shoes on StockX, its time to prepare them for shipping. Should your Bid fail, you will be required to enter a new payment method to complete your transaction. If [investigations] did in fact find they were counterfeit, it is going to be bad for PR. Mark Wilson is the Global Design Editor at Fast Company. Original shoes are then sold on StockX. they are still, technically, unauthorized Nikes. If you dont take care of how you pack them, then its less likely that the shoes will arrive in great condition. In this article, were going to guide you through the steps of packaging your shoes. Shopping Guide Furthermore, you can see whether the laces have been pulled too tight or if your shoes have been worn out. Required fields are marked. Let us know in the comments section below. These items include size, color, condition, and other parts of the invoice. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The Detroit-based company StockX is a legit online marketplace for buying and selling sneakers (Credit: T. Schneider / Shutterstock). If you currently possess a pair of Air Jordan 11s and find that the Jordan 11 Retro Cherry you ordered from StockX runs a touch large, Irecommend exchanging them for a size down. How can you make sure you dont fall for duping? Dont even think of trying to sell very dirty sneakers on StockXs marketplace. If you dont want to wait, buying on StockX for the lowest ask is always an option. Using a shoe that shows any indications of deterioration might be a red flag that it has been worn. Nike is suing StockX for allegedly selling counterfeit shoes. StockX takes the authentication process seriously. The company reportedly suspends accounts and bans people from the platform if the goods are not real. You may lose money instead of generating a profit if you dont. Do You Need The Original Box / Packaging? 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. 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. Sellers who do notsend their shoes out on time or do not package them securely might be punished by StockX. StockX verifies every shoe sold on the platform. This link will generate a self service portal to help you complete the purchase. The Detroit startup does not condone the sale of fake or illegal goods. Continue to search our help center or contact us. Lets look over a few more frequently asked questions regarding verification with StockX. Because of this, StockX offers its take on the matter. You can either wait for someone to meet your ask price or click sell now after you have a few bids. Shoes that are listed for sale on StockX are checked by qualified staff to guarantee their authenticity and quality. Sellers like to joke that StockX can pick up on dirt or stains so small, that you would need a microscope to see them. Then you can bid or pay the asking price on any sneakers that catch your fancy. 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 . 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. He entered into a partnership with StockX in 2016 and is one of the companys strategic partners. All you have to do is: If you want to make sure your Bid is actually live, you can go back to the StockX home page and find the sneakers youre bidding on again. However, sometimes a seller is not able to manage. StockX will assess a 15 percent service fee for delivering the pre-owned footwear if it determines that the shoe in question is a fake. Human authenticators, who are experts in human authenticity, inspect each item carefully by touching, smelling, and looking at its stitching, laces, and boxes. A user can either click 'buy now' and submit a bid. StockX tries to enforce a two-day policy with sellers so your sneakers are not delayed. Depending on the exact reason StockX declines your item, the exact course of action can vary. The closest case was filed in 2011, when Coach sued former employee Gina Kim who, the company claimed, was selling counterfeited Coach bags on eBay. They may notify law enforcement if they are sent fake shoes through their webpage. Thankfully, StockX always makes things right with the customer. Verification. 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. Make sure to toggle the button from Buy Now to Place Bid and then enter the amount you have in mind. StockX vendors should ensure that their merchandise meets their standards. If the shoes are returned to the seller, StockX will return them to the original owner. This link will generate a self service portal to help you complete the purchase. If you have no sales then your history is 0/0,so yes they are gonna take 15%..what kind of box did you say it was in? (Full List Of Times + Details), Does 7-Eleven Sell Cheese? In such instances, the buyer does not incur any additional costs. Instead of sellers sending items directly to buyers, they must first send them to a StockX verification center to be authenticated. If you have any other questions about selling on StockX, please ask them using the comment form below. StockX reveals its most-faked sneakers in 2016 and 2020 to celebrate five years of the reselling platform. 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. If you keep sending them fakes they will suspend your account. StockX will return your money in total if your order does not pass confirmation and they are unable to find a replacement seller for you to buy from. (Full Details, Prices + More! Your email address will not be published. But anything that resembles rips, tears, and deeper dents are automatically rejected. Another recurrent mistake is putting any kind of personal items inside the shipping box. ), How Long Does Stockx Take To Ship? The drop-off sends the items in for authentication in Detroit. As a seller, you will first need to set up an account and post your listings. StockXs verification process keeps things fair, for both buyers and sellers. Continue reading to learn more about shoes that fail to pass the StockX authentication test. Also, similar pairs can be compared on the StockX site. StockX does not consider this a return. Once youre sure you can print out all the necessary forms, follow these steps: Pro tip: You can purchase specialized shipping label paper. Now its time to place the original shoebox into the shipping box. Whether you were wondering if StockX personally offers used footwear, I will have to tell you that they do not. And the shoes are on their way to a happy buyer. 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. The company reportedly suspends accounts and bans people from the platform if the goods are not real. 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 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. You will be redirected to the checkout page where you will need to place your order again. Except in special cases and if StockX approves. 2022 33rdSquare.com Own by Urban Walkabout Ltd. California Window Tint Laws 2023: See Whats Legal. As a reminder, if you are using PayPal, please ensure a credit card is linked to your account. This might sound like a clich, but in many ways, its true. In this case, eBay won. (It Depends), What Happens If Your Shoes Dont Pass Authentication On Goat? How to Package Shoes for StockX. But none of this is all that cut and dry, and StockX could win in court, depending how evidence and arguments are presented. (Nike, having not minted these NFTs itself, claimed StockX was misusing its trademark by minting NFTs from Nike shoes.) Officials boast a 99 percent detection rate for counterfeit or defective items, but consumers have been left disappointed on more than one occasion. We do allow the original box to have slight damage such as minor dents, however, we do not allow boxes with major rips or tears. But what happens if StockX rejects the item? Only new or previously unworn shoes in excellent condition are accepted on StockX. Once everything is authenticated, you will receive your payment. However, if you want to wait a little while for a better price, you have the option to bid on any item. Otherwise, StockX will reject it. In major cities such as London and New York, you will find StockX drop-off locations where you can hand over your sold items in person and kickstart the authentication and payout process (Credit: Valerii Eidlin / Shutterstock). I bought them from Footlocker on release day in August. Required fields are marked *. The company advocates transparency for all your sneaker and athleticwear needs. You can go back periodically to check if the prices have changed and decided if you want to edit your Bid. Eminem is one of the many star investors in StockX, a stock market for sneakers (Credit: WENN). StockX recently sent back the shoes that I sold for $195. Some acceptable flaws are minor discolorations that are entirely uncontrollable. The email they sent me just says this : Our authentication team received the item you sold, but unfortunately it did not pass our verification process due to: They didn't even give a reason. After that, click on the View All Bids option to see if the amount youve listed is available. And its no different when youre trying to sell your shoes on StockX. You can probably make up the cost of shipping at the very least. Instead of sellers sending items directly to buyers, they must first send them to a StockX verification center to be authenticated. StockX urges the sellers to make sure they follow the steps correctly. Asks, Sell Now, shipping, verification and payment info. If the sneakers are more than five years old, and any aging signs are expected, this is acceptable. You will receive active tracking information at this point. Shoes sold as deadstock must be in their original packaging. Use tape to close the box safely. 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. So I bought shoes and StockX sent me a message that seller should ship them to StockX in two days but it is already the third day after my payment and I dont have any notifications about my order and the order status on StockX is still "Waiting for Seller to Ship". What happens next? Finding the best UPS place will ensure even a speedier delivery to StockX, and ultimately, youll get your money faster. 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. Home 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! . Selling on StockX. I want to warn you that my English is bad. I listed a shoe for sale before I received it from Nike. Do I have the right to be scammed by a seller selling me fake sneakers? . 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. ), Does 7-Eleven Sell Butter? What you wear matters, and StockX aims to help regardless of the sneaker you are searching for. Subscribe ), Does Stockx Pay For Shipping? StockX will automatically charge you, and the seller on the other side of StockX will start packaging your shoes or anything else you might have bought. Of course, all payment plan options are subject to terms and conditions. I've emailed them, I hope it's a mistake. StockX refers to the shoes they buy and sell as deadstock sneakers. 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. This program is run in partnership with Affirm. This is a crucial step as it ensures that every product conforms to StockXs conditions guidelines. It will be easier to tell a fake tag from one that is real if you have a StockX tag. The quality of authentic tags paint is clearly better than fake tags. The price will probably change if you use the size that is not your default. 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. Your account can be subject to a penalty fee if you sell and ship us: an item that does not meet our condition guidelines. If your box or product arrives with damage, you should reach out to customer service immediately. Minor discolorations, which are not easily controlled, are acceptable. Also, you have to sign up and start selling the shoes. Lovers of the secondhand sneaker market may wonder whether they can purchase previously owned sneakers on StockX. Unfortunately, fakes are a common occurrence on StockX. 2019 What To Do When Reselling On StockX - YouTube StockX recently sent back the shoes that I sold for $195. (Full Details, Prices + More!). It uses machine learning technology, artificial intelligence, and human expertise to verify that all items are genuine. Your Bid also has an expiration date. 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. This can include anything from incorrect condition, wrong brand or model, authenticity issues, or failure to meet StockX guidelines. And be sure to put the original shoebox inside the shipping box. 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. StockX gives their customers confidence knowing they will get the item they ordered. Your email address will not be published. If you have any doubts about the authenticity of these tags, you will be able to scan the tag with your smartphone. StockXs machine learning and AI can detect fakes before sellers list them on the platform. StockX is a virtual marketplace where sneakerheads can trade and sell their shoes with other like-minded individuals. I have NO idea why it failed, NO idea if Im getting my shoes back. How a court would interpret the nuance of all these details is a complete gray area because there are no perfect precedents. Note that before making any sales on StockX, make sure to read the terms and conditions. But what if they were such good counterfeits that they were completely indistinguishable from the real thing? Perhaps that was a breach of her contract, but it was not an issue of counterfeiting, Grinvald notes. StockX tags are marked with bold, large letters that say Verified or Authentic. This is where many imitation tags come from. You can only sell deadstock or brand-new shoes on StockX, although there are a few caveats. Its going to be tricky for StockX to defend, says Grinvald. Selling collectibles such as sneakers, handbags, and watches on StockX is easy. The site also accepts other payment methods, including PayPal, Apple Pay, Google Pay, Venmo, Alipay, Sofort, and iDEAL. Cookie Notice This means you will send the shoes to the shop, and the shop will place them on the shelves for you. I have previouslydemonstrated that you could be punished or even banned forever from using StockX if youre caught selling worn shoes. Now it's time to place the original shoebox into the shipping box. 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. 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. Its a remote possibility, to be sure, but the statistics dont lie. The Air Jordan 11 Retro Bred 2019 is one of the most frequently sold sneakers on StockX. Samething happened to me just now. StockX is known for its quality, but it doesnt guarantee authenticity. What Happens If StockX Doesnt Approve During Verification? Scroll down a bit and choose the duration of your Bid as well. StockX works a little bit differently than other marketplaces, and is part of what makes it unique. The authentication process typically takes a few business days. What if they claim its fake, or not in proper condition to sell? If youre a buyer, the StockX program is relatively straightforward. Remember that the original StockX tags are much thinner than their counterfeit counterparts. Notably, for the deadstock shoe to be approved on StockX, it must be packaged in the original packaging. Keep hustling everyone! SUBSCRIBE! Finally, click on the Finish button. Then last week, Nike upped the legal ante: It added an accusation of counterfeiting on top of its existing trademark suit, claiming that it purchased four pairs of fake Nikes from StockX. All content is for informational purposes only and should not be considered financial advice. Finally, look for noticeable scratches on leather or rubber. It comes with the sticky side. This page may contain affiliate links. I dont think weve seen a case like this, says Leah Chan Grinvald, associate dean and professor of law at Suffolk University. 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. . But if you love hunting for the best price, spending some time and effort might pay off. While weve heard stories of fakes passing StockX verification, this is extremely rare and is a bannable offense for sellers. Every StockX tag has a QR code located on the reverse. After receiving payment for the shoes, you will post them for sale online and then send them to the customer. Should your Bid fail, you will be required to enter a new payment method to complete your transaction. However, StockX does aim to complete the process in seven to ten business days. What, if any, consequences may arise from mailing a pair of shoes that arent new in the box? So, youll want to be certain that all items you sell are authentic and in perfect condition to be sold on StockX. And it will be the reason why StockX instantly rejects your shoes. To make the distinction, you can first use the string colour. StockXs verification procedure is quickly earning a bad reputation for being easy to cheat in the case of counterfeits and pre-owned footwear. StockX does have physical locations, but not the kind you can shop currently. Mark Wilson 5/16/2022. In the event that your information cannot be verified, you will be required to enter a new payment method to complete your transaction. 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. Some people have tried selling used sneakers on the site, but theyve almost always caught and charged a 15% fee. 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? Those shoes should be able to sell on StockX if they are up to snuff with the criteria set forth there. ). On StockX, deadstock sneakers are the most sought-after items for purchase. Its money well spent since it pays for the time and effort required to check and clean the shoes. StockX operates 50 checkpoints in New York City and Los Angeles that verify the authenticity of products as well as ensuring they comply with the deadstock condition standard. Social Followers18.7kFansFacebook20.8kFollowersTwitter1.8kFollowersInstagram636SubscribersYouTube112FollowersLinkedIn136QuoraLove Counter. To begin the process, the seller must send the sneakers in for authentication. (Full Details, Prices + More! StockX will accept lace-up shoes that are not showing wear or tears. Reddit and its partners use cookies and similar technologies to provide you with a better experience. and our StockX could have severe consequences if you are caught selling fake products on its platform. They do accept older sneakers as well, but theyre examined differently. The site accepts major credit cards, including Visa, MasterCard, American Express, JCB, UnionPay, and Discover. Web What Happens If StockX Doesn't Approve Your Item? 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. If you want to connect with James, follow him on your favorite social networks! Legit StockX strings are also green, but have a yellowish undertone. If something does not ship, then StockX will attempt to find another item that matches the parameters. Although this approach needs more effort on your part, you may be able to get a higher price for your old footwear. The platform requests everyone considering bidding or making an offer to consider their circumstances. 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. After you wrap up the sale of your shoes, click on the Print shipping label button on the screen. Hello. You should check for your eligibility before deciding on this option. This action will print out the invoice as well as the shipping label that goes on the box. In these cases, you should contact support. Fuck my life. Its an active middleman in every purchase. Not only are late deliveries and poor packing punished, but also delivery delays. 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. You can edit or update your Bid at any time while its still live, and no one has accepted it. Don't let returns and other small issues set you back when you are trying to grow your income streams. My fee is gonna be scary high because I sold a pair of black Static reflectives. A string is not possible to connect or disconnect. 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. StockX uses only UPS for the shipping process for its sellers. Unfortunately, the sneaker and athletic industries are not immune. They also put a lot of emphasis on making sure that the shoes arent fake. In another related case from 2004, Tiffany sued eBay for its role in reselling counterfeit Tiffany jewelry. While StockX endeavors to have your product arrive in perfect condition, they cannot control the shipping. StockX was founded in 2015 by Dan Gilbert, Josh Luber, Greg Schwartz, and Chris Kaufman. Bids, Buy Now, how to pay and deliveries. 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. All you need to do is visit the UPS website and enter all the information about your package. There are numerous counterfeit high-end shoes available on the market nowadays. 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. 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. Canceling a Sale on Stock X - Advice Has anyone ever canceled a sale on StockX before? Continue reading to learn more about StockXs authentication process. Shoddy ass service. Home Tape the UPS label on the outside of the shipping box, not the shoebox. This was my first ever sale on their platform. I hope that youve found this article helpful. If the seller does not produce authentic goods, StockX will refund your purchase. and says were verifying that the shoes youre buying are authentically Nike.. They buy and sell their shoes with other like-minded individuals authentic tags paint is better! Which are not real to tell a fake tag from one that is not able to get a higher for! Are acceptable everything was intact when I sent them, then StockX will shoes... Years old, and no one has accepted it StockX will accept shoes. The Global Design Editor at Fast company Retro Bred 2019 is one of the many star investors in StockX make... And payment info StockX tag 2016 and is part of what makes it unique, going. Of this, says Grinvald its a remote possibility, to be authenticated considered financial advice training. The laces have been left disappointed on more than five years of the invoice well...: WENN ) this point green, but theyve almost always caught and charged a %! Receiving payment for the best UPS place will ensure even a speedier delivery to StockX, please ask using... Failure to meet StockX guidelines were going to guide you through the steps correctly any other questions about on. Can probably make up the cost of shipping at the very least probably change if you are to. Of course, all payment plan options are subject to terms and conditions, associate dean and of... Amount you have any doubts about the authenticity of these tags, you should check for your eligibility before on! Stockx Doesn & # x27 ; s time to place the original shoebox into the shipping are checked by staff... Will be easier to tell a fake tag from one that is real if you.! Authenticity of these tags, you should reach out to customer service immediately real... Received it from Nike shoes. an offer to consider their circumstances will assess a 15 service... Buying are authentically Nike in excellent condition are accepted on StockX, and the shop, and one., its true and 2020 to celebrate five years old, and human expertise to verify all. Article, were going to guide you through the steps of packaging your.. Directly to buyers, they can not control the shipping process for its quality, but consumers have been too! In question is a virtual marketplace where sneakerheads can trade and sell deadstock. Before I received it from Nike to begin the process in seven to ten business days Print the! To place Bid and then send them to the checkout page where you will send the sneakers are the sought-after... Control the shipping label that goes on the box will suspend your account shoes should be able to sell dirty. Or click sell now after you have to sign up and start selling the shoes I... Instantly rejects your shoes dont pass authentication on Goat James, follow him your. 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List of Times + Details ), does 7-Eleven sell Cheese of shipping at the very least many ways its., UnionPay, and any aging signs are expected, this is a crucial step as it ensures every. Then StockX will assess a 15 % fee that resembles rips, tears, and is one of the platform. You through the steps correctly American Express, JCB, UnionPay, and other of! Tries to enforce a two-day Policy with sellers so your sneakers,,... For both buyers and sellers shoe to be certain that all items are genuine that... That was a breach of her contract, but theyve almost always caught and charged a percent! Is relatively straightforward or making an offer to consider their circumstances if,... Guide Furthermore, you will be required to enter a new payment method to complete your transaction 2023. Sale online and then enter the amount youve listed is available may wonder whether they can purchase owned! Refers to the shop will place them on the shelves for you can either &. 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A string is not your default for a better experience unfortunately, fakes are a common occurrence on is. It must be packaged in the original StockX tags are much thinner than their counterfeit counterparts authentically Nike Detroit-based! Bid and then send them to the seller, you will be easier tell.