13 Facts You Need to Know About StockX, the Multi-Billion Dollar Resale Platform (2024)

FAQs

Is reselling on StockX hard? ›

The question might seem tricky, but the answer is not! It's simple to sell collectibles like sneakers, handbags, and watches on StockX. As a seller, you must first create an account and then post your listings. A reseller can post items with a fixed price or set them up for bidding.

For sellers, StockX provides a secure and reliable platform for selling rare and valuable items. The platform's authentication process ensures that buyers can trust the authenticity of the products they purchase, while the bidding system allows sellers to receive the best possible price for their items.

25% of the items sold on StockX are sold for less than retail price. This often happens when there is too much supply in retail stores and instead of waiting for the inventory to go on sale consumers can find what they are looking for on StockX.

StockX is a safe, easy, and trustworthy way to access current culture. Whether it's on Twitter, TikTok, your group chat, or at family Thanksgiving, a number of people have asked the question: Is StockX Legit? Well, we're here to fill in the blanks. The answer is an unequivocal YES.

Apparel sold on StockX must be brand new, unworn, in flawless condition and include any of the original accessories that came with the product from the manufacturer.

Please double check for these before placing your Ask/Bid. (W) - Women. (GS) - Grade School. (PS) - Preschool. (TD) - Toddler.

Thus, the dominant strategy in StockX is to place a bid lower than one's true value. If not, the buyer is either buying the product at a true value, not earning any profit, or they will lose gain from paying one's price above their true value. Now, is it an ascending or descending bid?

For all StockX sales there is a 3% payment processing fee, as well as a transaction fee that is determined by your Seller Level in accordance with the StockX Seller Program What is the StockX Seller Program? What are Seller Levels? In short, the more you sell, the lower your transaction fee.

As a Buyer on StockX, you are responsible for paying processing fees, as well as any customs duties and sales tax based on your shipping address. There is no set percentage for fees, as these are determined by the price of the item, the location of the Seller and Buyer, and supply and demand.

Who owns StockX? ›

Collectibles sold on StockX must be brand new, in flawless condition, and include all original packaging. Some may have minor paint defects or manufacturing flaws that are uncontrollable. For more in-depth information on the conditions of collectibles, please refer to the links below: Art Prints.

StockX is a live marketplace and prices fluctuate based on supply and demand in real-time. As such, once a Bid and an Ask are matched, an order is created and we are unable to offer returns, exchanges or swaps. You can always resell the item on our platform if you don't wish to keep it.

StockX is an online marketplace headquartered in Detroit, MI. We have teams in place across the globe to support StockX customers.

B-Grade: Sneakers with manufacturing flaws usually available at outlet stores. An easy way to get rare colourways at cheaper prices. Beaters: The sneakers you wear on an everyday basis whatever the weather.

StockX does allow a certain amount of cosmetic damage to a box to pass verification, as long as there are no major rips or tears. Boxes can often encounter minor wear and tear from the manufacturer, shipping and storage. This may include a small corner dent, minor tears and wrinkles on the box lid.

Apparel sold on StockX must be brand new, unworn, in flawless condition and include any of the original accessories that came with the product from the manufacturer.

How It Works. Create a StockX account online or via our mobile app, which is available in the Apple App Store or Google Play Store. Submit a $1 USD Bid for a chance to win. See the Official Rules for information regarding entry for free by mail-in.

We typically make payouts within 3-4 business days after an item is received. Please contact support@stockx.com if you haven't received a payout by then. We're working 24/7 to process orders for buyers and payouts for sellers, and we greatly appreciate your patience.

If you are outbid for an item and the new highest Bid meets a Seller's lowest Ask, that Bid wins the item. You are now the highest Bid again, unless another Buyer has placed a bid in between your Bid and the winning Bid, in which case they will become the new highest Bid.

What does B grade mean on StockX? ›

B-Grade is a mark/grade given to sneakers that have minor imperfections in manufacturing. You can determine if an item is B-Grade by reviewing the product page, as this will be specified within the product's title.

C= narrow fitting. D= standard fitting. E= wide fitting. EE= extra wide fitting. EEE= ultra-wide fitting.

That growth alone has improved StockX's authentication process, which the platform claims has a 99.95 percent success rate for sneakers.

The “Nike Air Force 1 comes out on top in every single state as the most popular and searched for iconic sneaker in 2021,” according to eBay. It come in women's, men's and kids; high-tops, medium and low-tops; and a variety of colors.

The main target market of StockX is sneakerheads.

1st Place - Nike Dunk Low "White Black" (2021)

As we correctly predicted a few weeks ago, the Nike Dunk Low "White/Black" very quickly reclaimed its place at the top with 2,095 sales. The women's model follows in second place with 1,096 sales, while the children's sizes are in third place with 820 trades.

StockX has no obligation to return items that do not conform to the description (including, without limitation, that the item is not new and unworn, is not the correct identified size, or does not include the original box), or are counterfeit (in which case, StockX may turn those items over to the proper authorities) ...

If you see an unauthorized charge being made through your StockX account, it's our goal to assist you as quickly as possible. We recommend you get in touch with StockX Support to alert us to the charge so we can investigate and identify a resolution.

If StockX is unable to match you with a new Seller as a result of your purchase failing verification, you will be refunded your full purchase price.

Will StockX send me a 1099? ›

When will I receive a copy of the 1099-K? StockX will generally provide you with a copy of the form by January 31 of the following year after your gross sales amount reached the applicable $600 threshold. If you do not reach the threshold of $600 in any year, you will not receive a Form 1099-K from StockX.

As a Seller, your shipping cost is deducted from your total payout. Once a transaction is complete, you will receive a shipping label in your “My Account” section of the site. You are responsible for packaging and dropping off with the shipping carrier on the label provided to you.

PS: PS stands for “Preschool.” PS sizes are typically smaller than GS sizes as they are produced for younger children. TD: TD stands for “Toddler.” There is usually some overlap between TD sizes and GS sizes, but TD sneakers are usually available in smaller sizes.

The Passion Diamond Shoes are made with two 15-carat D-grade diamonds and 238 diamonds, with a hefty $17 million price tag. And if you want to go even bigger, why not try the Moon Star Shoes? Crafted from pure gold, 30 carats of diamonds, and a 1576 meteorite, these shoes will set you back $19.9 million.

Should your Bid fail, you will be required to enter a new payment method to complete your transaction. 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.

Hey there, we don't accept B-grades at this time. Please see the link below to learn more. You can always reach out to support@stockx.com with any additional questions.

Eligibility: You must reach out to StockX within 3 days of your tracking information saying "delivered" in order for us to initiate a claim for your package. Time frame: This investigation process could take up to 10 business days from the start of the investigation.

A bid can be deleted by clicking the trash can icon while it's still under the 'current' section on your buying page. After a bid is accepted, and is under the 'pending' section it can't be canceled. You can always reach out to support@stockx.com w.

The average StockX salary ranges from approximately $29,000 per year for Technical Support to $151,000 per year for Director of Accounting. Average StockX hourly pay ranges from approximately $12.00 per hour for Package Handler to $17.83 per hour for Customer Service Representative.

Is StockX accessories legit? ›

The idea behind StockX was to sell things that are going up in value, an idea similar to trading stocks. As a seller this gives you the ability to sell your high-end sneakers and streetwear to a legit buyer who won't scam you. As a buyer, StockX being the middleman protects you against receiving fake or replica goods.

Nike often has several different versions of their adult sneakers, and these are categorised by whether they are TD, PS or GS. Sneakers with 'TD' in the product name/description are made for Toddlers. These run from a UK 1.5/EU 17 to a UK 9.5/EU 27.

Once the item you sold passes our verification process and your payout is released, it typically takes 1-5 business days (depending on your bank and region) for funds to arrive in your bank account.

StockX can be great if you're selling at volume because you don't have to go through the hassle of creating new listings for every item, they do all the hard work for you. With StockX you can list all the products you have and build a portfolio. It has variable selling fees depending on how much you sell.

For all StockX sales there is a 3% payment processing fee, as well as a transaction fee that is determined by your Seller Level in accordance with the StockX Seller Program What is the StockX Seller Program? What are Seller Levels? In short, the more you sell, the lower your transaction fee.

Apparel sold on StockX must be brand new, unworn, in flawless condition and include any of the original accessories that came with the product from the manufacturer.

Failure to complete a sale may result in a penalty fee equivalent to 15% of the transaction price, with a minimum charge of $15 USD or local currency equivalent.

Reselling shoes is a fun way to make money on the side, if not as a full-time income regardless of your age. If you are into sneakers or if you have experience in flipping items before, then you may seriously want to consider getting into this hustle.

Conversation. Hey there, we require sellers to have a valid credit card on file. Privacy cards or pre-paid cards cannot be used for selling. This is a security measure we're taking to authorize each seller on StockX.

Please double check for these before placing your Ask/Bid. (W) - Women. (GS) - Grade School. (PS) - Preschool. (TD) - Toddler.

Is it cheaper to sell on StockX or eBay? ›

How do eBay fees differ from marketplaces? eBay is the most cost-competitive option for online sneaker resale, compared to competitors like GOAT, StockX and Stadium Good.

All sneakers accepted by StockX must also include the correct brand issued box with the lid, the proper label that reflects the corresponding shoe size and style code.

Things to remember:

US, UK, EU, Mexico, Canada, and Australia: Sellers can pack a maximum of 12 sneaker boxes together in one shipment. Japan: Sellers can pack a maximum of 6 sneaker boxes in one shipment.

Once your Bid has been accepted by a Seller, your order cannot be canceled. This keeps offers real, active and dependable, which fosters seller trust in the marketplace and ultimately leads to more items being offered on StockX, which is good for Buyers.

When you sell an item on StockX, payouts are typically processed within 30 minutes. Note: When a payout is being sent to a debit card, additional payout fees will include 2% of the transfer amount (up to $9.95 USD) and a foreign exchange fee (if applicable).

While we cannot accept returns or exchanges, every purchase on StockX is backed by our Buyer Promise. Should we make a mistake (e.g. we ship you the wrong order, we incorrectly verify an item), we'll make it right.

StockX is a live marketplace and prices fluctuate based on supply and demand in real-time. As such, once a Bid and an Ask are matched, an order is created and we are unable to offer returns, exchanges or swaps. You can always resell the item on our platform if you don't wish to keep it.