While weve heard stories of fakes passing StockX verification, this is extremely rare and is a bannable offense for sellers. And if the package doesnt meet their requirements, theyll send it back to you immediately and charge you the shipping fee. (Is It Really, Though? I want to warn you that my English is bad. 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 . 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! To begin offering items for sale, you must create a seller account. 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. The second primary thing that youll want to look out for is dirt or smudges. There are several telltale signals that a shoe has been worn before, like a yellowed-out appearance if it is intended to be a completely white hue. Contact Us Fuck my life. ), Does 7-Eleven Sell Butter? 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. Then select Review Bid. The products were Coach. Then select the Buy or Bid button when youre ready to place a bid. Just recently, the Swoosh stated that they purchased and received four pairs of knockoff Nike shoes from the online retailer StockX. Shoes in deadstock condition are the only ones accepted for sale on StockX. Sneakers purchased on StockX always come with a recognizable green tag attached that says Verified and Authentic (Credit: Shutterstock / Primakov). Now it's time to place the original shoebox into the shipping box. 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. Win free shoes, organize your shoe closet, see the latest styles + more, About (What To Know! StockX works a little bit differently than other marketplaces, and is part of what makes it unique. After you wrap up the sale of your shoes, click on the "Print shipping label" button on the screen. My entire library of courses, templates, cheat sheets and swipe files. Its important to make sure you review the Bid carefully, which includes the shoe model, size, and the amount youve offered. StockX is an online marketplace for purchasing and reselling previously owned things, such as deadstock (new but no longer available) shoes. To begin the process, the seller must send the sneakers in for authentication. Online shopping presents a major problem for buyers. 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. I have previouslydemonstrated that you could be punished or even banned forever from using StockX if youre caught selling worn shoes. Open the StockX website and search for a pair of sneakers you want to bid on. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Notifications and settings, Ask and Bid management. 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. Officials boast a 99 percent detection rate for counterfeit or defective items, but consumers have been left disappointed on more than one occasion. To make the distinction, you can first use the string colour. Im in the same boat as of 5 minutes ago. These are your two options for buying items on StockX. The site accepts major credit cards, including Visa, MasterCard, American Express, JCB, UnionPay, and Discover. But what happens if StockX rejects the item? Since we are a marketplace, with live pricing, your transaction will not be completed automatically. Scroll down a bit and choose the duration of your Bid as well. To make matters worse for StockX, if an investigation found that StockX was knowingly selling counterfeit goods, it would have to pay triple the damages of a standard counterfeiting claim. In such instances, the buyer does not incur any additional costs. You will also be able to see the release date of the sneakers youve picked. After that, click on the View All Bids option to see if the amount youve listed is available. . 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. 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. I hope that youve found this article helpful. Experienced sellers have mentioned that StockX tends to be most lenient with their shoes in fact, some sellersonlysell shoes on StockX for this reason. They do accept older sneakers as well, but theyre examined differently. You have to click I Understand. (Everything To Know! There are numerous counterfeit high-end shoes available on the market nowadays. (The argument is reminiscent of how social media companies offer a few misinformation tools to distance themselves from the fake news on their own platforms today!) Advertise Finding the best UPS place will ensure even a speedier delivery to StockX, and ultimately, youll get your money faster. StockX will connect shoes with another vendor if they fail to pass the authentication process. StockX hires professionals who are specifically trained to spot fakes. Whereas StockX takes that next step . You will receive active tracking information at this point. And it will be the reason why StockX instantly rejects your shoes. StockX uses only UPS for the shipping process for its sellers. A user can either click 'buy now' and submit a bid. StockX does not place tags on the right shoe so if the tag hangs from the right shoe it is likely a fake. Mark Wilson 5/16/2022. StockX is only a marketplace for deadstock merchandise, and does not accept the sale of worn items. I have NO idea why it failed, NO idea if Im getting my shoes back. They have a tag to authenticate the shoe as original and in good condition. This action will print out the invoice as well as the shipping label that goes on the 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. Items like shoelaces spring to mind. However, they may also wish to pass off a fake item as real. How did you knowingly package wrong?? Cookie Notice To begin, the quality of your footwear will have a direct impact on your earning potential. Thankfully, StockX always makes things right with the customer. It is extremely rare that customers actually receive shows that can be proven to be counterfeit. Before taping up the box, inspect it thoroughly, so as not to risk them returning it to you. Otherwise, it can be a wasted effort. (Full Details). StockX could have severe consequences if you are caught selling fake products on its platform. 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. (It Depends), What Happens If Your Shoes Dont Pass Authentication On Goat? Buying 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. StockX verifies everything about the product, the color, condition, and looks for any signs of wear and tear. (Nike and MSCHF settled before the case went to court, but many legal scholars sided with MSCHF, given that MSCHF had simply purchased and modified Nike shoes much like anyone could modify and resell a Ford Bronco. And theyre going to be more worried about the court of public, consumer opinion, than the principle of getting it right.. If the shoes are not authentic, or they are not in deadstock condition with the original box, you will be charged 15% of the sales price or $13.95 for shipping them back to you, whichever is more. Then you send the items out for authentication by StockX. ), Why Is Goat More Expensive Than Stockx? In 2020, there were periods where an extra seven to ten business days were forecasted for the shipping process. 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 is without doubt one of the fastest growing internet marketplaces. 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 reveals its most-faked sneakers in 2016 and 2020 to celebrate five years of the reselling platform. The company reportedly suspends accounts and bans people from the platform if the goods are not real. Your email address will not be published. But heres the thing, just like any stock market, you need to have a real intent to buy. 2019 What To Do When Reselling On StockX - YouTube StockX recently sent back the shoes that I sold for $195. Step 2 After you've selected the sneakers, make sure to pick the correct size as well. As a defense, eBay pointed to its large investment in its Verified Rights Owner (VeRO) program. The company started as a marketplace for sneakers, but has since expanded into other clothing . The first thing you see before you get to any product is the packaging. Once youre sure you can print out all the necessary forms, follow these steps: Pro tip: You can purchase specialized shipping label paper. All stock markets can be fickle at times its the same with StockX. Lovers of the secondhand sneaker market may wonder whether they can purchase previously owned sneakers on StockX. . For whatever reason, StockX will only take specific styles of footwear. If they are not able to do so, your money will be refunded. StockX uses black cards, although the card is usually the same colour as the tag. It might be something accidental, that you havent noticed, and now youre shipping it to StockX. The drop-off sends the items in for authentication in Detroit. published a thread outlining the complicated house of cards, Nikes own senior executives use its platform. In this article, were going to guide you through the steps of packaging your shoes. Returning an item results in enormous shipping costs, yet it is very uncommon for customers to do so anyhow. Except in special cases and if StockX approves. 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. But what happens if StockX rejects the item? 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. Thankfully they did not charge me the 15% return. Are shoes worth less without the box? Theyre completely indistinguishable, and they might pass any testing StockX could be doing on them. StockX verifies every shoe sold on the platform. Take the invoice and place it in the original shoebox, not the shipping box. 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. 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. If your item has been found to be counterfeit, the product may be seized and turned over to the proper authorities. Your Bid also has an expiration date. James is the owner of JamesMcAllisterOnline.com. The company reportedly suspends accounts and bans people from the platform if the goods are not real. Should your Bid fail, you will be required to enter a new payment method to complete your transaction. Is the product legit? Social Followers18.7kFansFacebook20.8kFollowersTwitter1.8kFollowersInstagram636SubscribersYouTube112FollowersLinkedIn136QuoraLove Counter. It includes details about shipping and selling via StockX. They werent, but whatever. If you decide you no longer desire an item, you can always resale it to them. 500+ business, marketing, and personal development lessons. The authentication process typically takes a few business days. Verified Rights Owner ( VeRO ) program either click & # x27 buy! Use the string colour the buy or Bid button when youre ready to place a Bid they have a to... 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Condition are the only ones accepted for sale on StockX be doing on them suspends accounts and bans people the! Their requirements, theyll send it back to you now it & # x27 ; ve selected sneakers! After you & # x27 ; ve selected the sneakers, but since... Use its platform product, the color, condition, and does not accept the sale of worn.... Failed, no idea why it failed, no idea if im getting my shoes.. ( What to do so, your transaction will not be completed automatically does not place tags on the shoe... Court of public, consumer opinion, than the principle of getting it right minutes ago returning an item in... You the shipping fee details about shipping and selling via StockX always resale it to you only ones accepted sale! Costs, yet it is likely a fake size as well as tag... Bids option to see if the goods are not able to do so anyhow these are your two options buying. 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