Im in the same boat as of 5 minutes ago. (Full Guide! Furthermore, you can see whether the laces have been pulled too tight or if your shoes have been worn out. In the event that your information cannot be verified, you will be required to enter a new payment method to complete your transaction. He has written about design, technology, and culture for almost 15 years, Fast Company & Inc 2023 Mansueto Ventures, LLC. It was founded in Detroit, Michigan in 2015 and currently has over 800 employees in Detroit, New Jersey, Arizona, the UK, and the Netherlands. Users faith in the system has been eroded gradually due to the prevalence of fakes they have received as buyers. StockXs machine learning and AI can detect fakes before sellers list them on the platform. 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. The first one (as already mentioned) is counterfeit goods. This implies that the footwear is spotless and in good condition. StockX is the best place to shop for streetwear, sneakers and collectibles. Some sellers have expressed frustration, believing that StockX is a little bittoostrict with some of their authentication processes. Shoes sold as deadstock must be in their original packaging. What happens if I sell shoes on StockX do they surround the shoes for. (What To Know! StockX is committed to real products and manages its own authentication process. 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. The platform requests everyone considering bidding or making an offer to consider their circumstances. No votes so far! Damages are notoriously difficult to assign, but the prospect of tripling any prospective damages would be unsettling to any defendant. This might sound like a clich, but in many ways, its true. If a bank account is linked to the PayPal account, this could prevent a successful purchase. It includes details about shipping and selling via StockX. . Shipping worldwide. The buyer could be inconvenienced if they dont follow the company guidelines. Once everything is authenticated, you will receive your payment. In total, these businesses have sold hundreds of thousands of units and have touched millions of lives. The authenticator checks the packaging, product materials, and product construction. Canceling a Sale on Stock X - Advice Has anyone ever canceled a sale on StockX before? Your email address will not be published. Before we continue with the step-by-step instruction on how to properly package your shoes for StockX, keep in mind that you will need access to a printer. 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 . I hope that youve found this article helpful. Failure to complete a sale may result in a $15 charge to your account, or a fee equal to 15% of the transaction price and/or indefinite suspension of your account. 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. When you are doing business there are always ups and downs, and you can't always rely that everything will go according to plan 100%. This allows customer to feel confident that they are only purchasing authentic, brand-name merchandise. 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 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. StockX says that a regular order will ideally take seven to twelve business days to reach you. Your email address will not be published. This figure does not include weekends or holidays. Sellers like to joke that StockX can pick up on dirt or stains so small, that you would need a microscope to see them. Converse shoes that have never been worn are known as Deadstock. Most of the time, they are still in their original packaging and seem to be brand new. only thing i could think of about how it could've failed is because i took it out of the original package but it's never been worn so idk. What you wear matters, and StockX aims to help regardless of the sneaker you are searching for. Cookie Notice However, sometimes a seller is not able to manage. Selling collectibles such as sneakers, handbags, and watches on StockX is easy. When I found out that they happen to be doing it from downtown Detroit, it made even more sense to get involved., DO YOU LOVE SHOES? StockX recently sent back the shoes that I sold for $195. It doesnt matter what price you bid, if a seller accepts it, StockX will charge you, and theres no way to cancel the order. It comes with the sticky side. 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Finding the best UPS place will ensure even a speedier delivery to StockX, and ultimately, youll get your money faster. Sneakers have been a canvas ever since the item was invented. In addition, all "Deadstock" sneakers must come in the original box, which may have encountered minimal damage from shipping, discoloration from storage and/or any normal wear and tear due to aging. All you need to do is visit the UPS website and enter all the information about your package. It takes just a little bit of effort, access to a printer, and some bubble wrap. (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. There are some clear rules about what kind of packages StockX accepts. In another related case from 2004, Tiffany sued eBay for its role in reselling counterfeit Tiffany jewelry. After that, click on the View All Bids option to see if the amount youve listed is available. 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. published a thread outlining the complicated house of cards, Nikes own senior executives use its platform. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Its possible, that StockX may accept shoes that have been worn once or twice, but its not a good idea. (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!) If StockX rejects your shoes, you will receive an email outlining why they were rejected. 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. Minor single corner damage Minor single corner crushing or minor lid rip Minor box wear and tear Examples of Box Conditions That Will Likely NOT Meet StockX Condition Standards Extensive crushing of one side/corner Missing part of the box or major rip Damage from animal presence If you decide you no longer desire an item, you can always resale it to them. What was your experience like? Enter the changes you want to make. StockXs verification process keeps things fair, for both buyers and sellers. Step 3 Make sure to scroll down and check what the retail price of the sneakers you're bidding on was. There are numerous counterfeit high-end shoes available on the market nowadays. 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. ), How Does Stockx Know You Shipped? In such instances, the buyer does not incur any additional costs. StockX refers to the shoes they buy and sell as deadstock sneakers. How Does Bidding Work on StockX? StockX was founded in 2015 by Dan Gilbert, Josh Luber, Greg Schwartz, and Chris Kaufman. Mark Wilson 5/16/2022. How to Package Shoes for StockX. An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens, The future of innovation and technology in government for the greater good, Fast Company's annual ranking of businesses that are making an outsize impact, Leaders who are shaping the future of business in creative ways, New workplaces, new food sources, new medicine--even an entirely new economic system. As a seller, you will first need to set up an account and post your listings. StockXs verification procedure is quickly earning a bad reputation for being easy to cheat in the case of counterfeits and pre-owned footwear. Deadstock shoes, under StockXs definition, have never been worn. The next thing to do is to test for heel drag. Because of this, StockX offers its take on the matter. Grinvald says that if she were StockXs internal counsel, she would advise they settle with Nike, and she believes thats the most likely way this story ends, especially given Nikes almost infinite legal resources, and its own reputation for aggressive legal pursuits to protect its intellectual property. This action will print out the invoice as well as the shipping label that goes on the box. Web And show you what the shipping process looks like as well. After receiving payment for the shoes, you will post them for sale online and then send them to the customer. And it will only cost you money and time. StockX verifies every shoe sold on the platform. He entered into a partnership with StockX in 2016 and is one of the companys strategic partners. StockX will accept shoes that are laced up already, provided they don't show any signs of wear. Items like shoelaces spring to mind. Fuck my life. Tape the UPS label on the outside of the shipping box, not the shoebox. Apart from making sure that you choose a shipping box thats the right size and add bubble wrap inside, there are a few things to watch out for. Although it is not common to sell fake products on this platform it is important to keep an eye out for sellers selling them. ), Which Is Better, Goat Or Stockx? This can include anything from incorrect condition, wrong brand or model, authenticity issues, or failure to meet StockX guidelines. Its a remote possibility, to be sure, but the statistics dont lie. Hey all, my issue is pretty much as the title describes. Otherwise, StockX will reject it. Shipping your new sneakers to you is a two-step process. If they are not able to do so, your money will be refunded. If StockX doesnt approve for whatever reason, you will be subject to a fee of 15% of the items price, and a minimum of $15. To begin the process, the seller must send the sneakers in for authentication. Go to My Account on StockX and select Buying. You will see your Purchase History as well as all the live bids you have at the moment. StockX guidelines state that shoes can be tried on or have minor signs of use (such as what would happen if they were tried on in a store). You might also try listing them for sale on one of the many online sales and shopping sites (like Amazon, GOAT, or eBay). For whatever reason, StockX will only take specific styles of footwear. 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). . Used footwear sent to StockX may incur a 15 percent service fee, the company says. 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. Also, you have to sign up and start selling the shoes. StockX uses only UPS for the shipping process for its sellers. Home Therefore, this one of the most strict rules that StockX enforces. If the shoes are returned to the seller, StockX will return them to the original owner. But in case you're not used to checking your email often, there's another way you can track your order. Original tags are made with premium paint, which is known to not chip easily. Eminem is one of the many star investors in StockX, a stock market for sneakers (Credit: WENN). 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. And be sure to put the original shoebox inside the shipping box. Seller is not shipping my order to StockX. 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. (Everything To Know! You sign up for an account and list the sneakers or streetwear you want to sell. Required fields are marked *. StockX believes they have an outstanding approach and claim that only .3% of buyers are unhappy with their purchase. 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. The rise of e-commerce platforms has led to an increase in counterfeit goods on the market. Notifications and settings, Ask and Bid management. If you have any doubts about the authenticity of these tags, you will be able to scan the tag with your smartphone. My Account. ), The new suit is pressure-testing the relationship between a retailer and a manufacturerand its unprecedented territory. Choose the kind of help you need. I want to warn you that my English is bad. Samething happened to me just now. A bid can stay up the whole time without anyone accepting it. The first thing you should do after seeing the tag is to look for the shoe holding it. But dont go overboard either, there is such a thing as an over-wrap. StockX is an online marketplace for purchasing and reselling previously owned things, such as deadstock (new but no longer available) shoes. StockX will connect shoes with another vendor if they fail to pass the authentication process. If [investigations] did in fact find they were counterfeit, it is going to be bad for PR. We aim to help customers find the answers the need when it comes to retail. Mark Wilson is the Global Design Editor at Fast Company. Theyre completely indistinguishable, and they might pass any testing StockX could be doing on them. StockX will connect shoes with another vendor if they fail to pass the authentication process. If you keep sending them fakes they will suspend your account. Taking that extra step of guaranteeing authenticity is StockXs entire value proposition. The Air Jordan 11 Retro Bred 2019 is one of the most frequently sold sneakers on StockX. Partnership with StockX in 2016 and is one of the shipping process for its sellers and... Shoes available on the matter begin the process, the buyer does not incur any additional costs However, a. Increase in counterfeit goods to the seller, StockX offers its take on the platform requests everyone considering bidding making. You sign up and start selling the shoes they buy and sell as deadstock must be their. Online and then send them to the PayPal account, this one of the strict! On Stock X - Advice has anyone ever canceled a sale on X! 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Canceling a sale on StockX is easy may still use certain cookies ensure... The next thing to do is visit the UPS website and enter all the Bids...