StockX is a resale marketplace that sells original sneakers (i.e. sneakers that are collectible). The buyers can buy sneakers for lesser than the retail price which makes it a desirable purchase, particularly for those who are serious about their sneakers!
For small business ventures, StockX is an easy way to start trading on the market. It also has other merchandise like watches, bags, handbags streetwear, and items, which means there are many opportunities to diversify your portfolio.
So if you want to sell produts at Stockx, You may be wondering – how to sell on StockX? Here we explain everything about StockX sell process.
How to Sell on StockX In 2022 ?
A seller can sell sneakser, handbags, electronic and more at StockX. For this, You have to set up an account. After Seating account, You have to post your listing with price. When a customers place order on your products, you will have to ship the item to StockX for authentication within 2 business days. After authenticated, StockX Ship the product and release funds.
If you Want to learn more about – how to create account, how do I sell StockX? how much Stockx seller fees? Keep on reading!
Here we discovered most of the common questions about SotckX Selling process that people wanted to know.
How to Create StockX Seller Account?
You can registration with 4 way for StockX seller account.
1) Traditional email sign up
2) Facebook account sign up
3) Google account sign up
4) Apple ID sign up
After sign up, you have to add basic information, payment method and location. Then verify you email address for get order. If you want to learn more about account you can follow StockX video tutorial. That help you better under stand to creat seller account.
How do I add a product to StockX?
- Search the bar at the right-hand side of the screen to type in the name and model for the sneakers.
- Choose the sneaker you want to sell from the choices that pop up and then enter the size you’re selling.
- Then you can choose you would like to mark it as an immediate purchase or for bidding.
When it comes time to set the price of the offer it’s essential to set a price that is in a competitive market. It is possible to examine all bids and all offers and that information will provide you with a picture of the best way to price.
The Bidding Process In StockX?
The bidding process is similar to offering a price for what you are planning to purchase. Buyers may submit bids on the item. You can accept bids by hand or, if the buyer is the one with the highest bid, and the bid is in line with the seller’s asking price and it’s an automatic sale. If you’re selling an item for $140, and someone has made an offer of $140 on it and you’ve made the option of an automated sale.
How much Does Stockx Seller Fees?
Sellers are charged a commission to sell their products via the website. Initial transactions are cost at 9.5 percent. As selling increases, price is reduced. You may also interested to know, How long does StokX take to delivery?
Shipping the Items for Authentication
Shipping charges must be paid by buyers. products sold must first be to be delivered for verification. After you have purchased the item, you will receive an USPS shipping label. As carefully and secure as you can, put the invoice inside and attach the label. StockX will authenticate the item and delivering the product to your customer.
What is the Payment Process on StockX?
Sellers are paid once the item has been shipped to confirm the authenticity. You may choose to be paid via PayPal or electronically ACH transfer to the bank account, Venmo, or debit. If your product is not in compliance with the guidelines, is not authentic or not what you ordered or is not delivered in time, you won’t receive payment. You’ll be assessed 15 dollars in penalty or fee equivalent up to 15 percent of purchase.
Advantages of Selling on StockX
Selling is fairly simple when you’ve mastered the art on the bidding and request system and there’s a good reason for why it’s very popular with buyers and sellers.
authentication: Knowing the item is genuine and receiving this stamp from the seller is a huge benefit for both sellers and buyers. Authentication occurs at whenever the item is bought or traded on StockX. It gives sellers and buyers greater assurance about what they’re purchasing.
Bidding and Listing Anonymously: With anonymous listing and bidding, you can be sure that it’s an honest market. There’s no bribing or competition or requesting lower prices. You are able to protect your privacy and make purchases and sales when you want, rather than being able to display your personal information in public.
Quick Product Information listing andListing can be simple, you do not have to do a lot of study. The information about sneakers is available by the platform, saving your time. There is no need to take pictures or create descriptions. all you need to do is list your shoes and then wait for auctions.
Free of Chargebacks Since the method of authentication is used, customers do not need to fret about chargebacks or refunds. When the item is delivered to StockX the company will manage everything else from there. There is no need to do lots of administrative work and paperwork, which is great.
Disadvantages of Selling on StockX
Higher Seller FeesCompared against other platform, StockX does charge a higher seller fee. It can be expensive for small companies, especially in the beginning stages of your career as an reseller. Although the costs do decrease when you’re selling more products but it’s something you should take into consideration.
Lower Bids Low bids could decrease the market value of the item and can result in lower profit margins.
Shipping FeesBecause StockX has different suppliers Shipping fees could be higher than on other platforms, and could dissuade buyers.
Is selling on StockX free?
For all StockX transactions, there is an additional 3 percent processing fee for payments and the transaction fee, which is determined by the Seller Level you have set in accordance to the StockX Seller Program.
Can I directly sell to StockX?
You can sell your item in two different ways your item on StockX: placing an Ask or selling now. A request signals your intention to sell. It is an offer that specifies the exact amount you’re prepared to market your product for. All requests appear from the lowest price to the highest value on the page for the item.
What exactly is StockX selling program?
The Seller Program creates Seller Levels as well as clear expectations for Sellers’ performance. The higher the quality of performance, the less fee for Seller Fee. This creates more secure, healthier and more stable marketplace for all.
How long will it take to make a sale on StockX?
“StockX strives to complete all orders within 7-12 business days.” The method of operation is the sellers must first to deliver the item to StockX to verify the authenticity of the product. Sellers have two days to deliver the item and the remainder of the time for shipping is dependent on the shipping carrier.
Does StockX pay out immediately?
When the product you sold has passed our verification process and your payment is approved It generally takes between 1 and 5 working days (depending on the bank you use and location) to receive the money into your account at the banks.