Some StockX customers have paid exorbitant resale rates on sites like eBay and Reddit, only to get counterfeit versions of the sneakers they ordered. Therefore, you need to find an authorized UPS location and drop off your package. 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. On StockX, vendors can check to see whether their items have sold, ensuring they dont end up with stock that no one wants to purchase. Go to My Account on StockX and select Buying. Are shoes worth less without the box? 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. Original shoes are then sold on StockX. Right now, there are drop-off locations in London, New York City, and Los Angeles. The reasoning behind the decision involves the implied deal that bidding suggests. Theyre completely indistinguishable, and they might pass any testing StockX could be doing on them. StockX receives a pair of shoes resold on its platform and verifies that the shoes are authentic, even adding a special tag to mark their veracity. StockX believes they have an outstanding approach and claim that only .3% of buyers are unhappy with their purchase. You can check out their website to find a location nearest to you. Its an active middleman in every purchase. However, that does not mean you do not have options. Buying on StockX. Finally, click on the Finish button. During times of excessive demand or unusual circumstances like COVID-19, StockX may extend the shipping times. The platform requests everyone considering bidding or making an offer to consider their circumstances. Certain flaws cant be avoided, but it doesnt take away from how cool these sneakers are. StockX will refund the buyer if an order is not eligible and return the item to the seller. Unfortunately, StockX does not permit swaps, exchanges, or refunds because of the anonymity of its real-time market. My entire library of courses, templates, cheat sheets and swipe files. Home Required fields are marked. 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. Continue reading to learn more about shoes that fail to pass the StockX authentication test. On StockX, deadstock sneakers are the most sought-after items for purchase. I'm just angry and sort of scared since I'm a full time student and was selling the shoes in the first place so I could afford to eat this week, not so I could pay StockX $50 I don't have. Or they can place an 'Ask.'. ), Why Is Goat More Expensive Than Stockx? Then select Review Bid. But its a phrase that means different things to different people. 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 always wants buyers to get the items they ordered. . http://bit.ly/2AbwKld INSTAGRAM https://www.instagram.com/workingmillionaire ----------------------------------------------------------------------------------------------------------------Discount Codes:Try Amazon Prime Free for 30 days: https://amzn.to/2LL2uhxAmazon Prime Student FOR FREE: https://amzn.to/2C4thptGet HBO For FREE: https://amzn.to/2PSEU5VTry Twitch Prime: https://amzn.to/2wwQ6guMy Gear:Camera: https://amzn.to/2MhVZbNDJI Osmo Mobile 2: https://amzn.to/2NFyDx1Microphone: https://amzn.to/2LZPAwYNeewer Ring Light: https://amzn.to/2mYQUWaLaptop: https://amzn.to/2xBo6sy----------------------------------------------------------------------------------------------------------------Thanks for Watching! 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. Talk Radio News is a team dedicated to consumers. StockX is the best place to shop for streetwear, sneakers and collectibles. Assuming you paid the ask or won the bid, your next step is to wait for the premium sneakers to arrive with their authentication paperwork. (Updated 2022! Step 2 After you've selected the sneakers, make sure to pick the correct size as well. Its a remote possibility, to be sure, but the statistics dont lie. Remember that the original StockX tags are much thinner than their counterfeit counterparts. Am I even going to get my shoes back? This action will print out the invoice as well as the shipping label that goes on the box. 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%. Shopping Guide Even though they have a no-used-shoes policy, StockX knows that not everyone will follow it. Fuck my life. 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. Unfortunately, fakes are a common occurrence on StockX. The authentication process typically takes a few business days. If something does not ship, then StockX will attempt to find another item that matches the parameters. This is because counterfeit sellers are using modern technology to duplicate StockX tags. Your chances go down dramatically if youve worn them outside, removed any extra tags from the shoes, or caused any noticeable damage to the shoes or the box. Make sure to toggle the button from Buy Now to Place Bid and then enter the amount you have in mind. Social Followers18.7kFansFacebook20.8kFollowersTwitter1.8kFollowersInstagram636SubscribersYouTube112FollowersLinkedIn136QuoraLove Counter. (Is It Really, Though? The drop-off sends the items in for authentication in Detroit. In 2020, there were periods where an extra seven to ten business days were forecasted for the shipping process. The rise of e-commerce platforms has led to an increase in counterfeit goods on the market. 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. So, youll want to be certain that all items you sell are authentic and in perfect condition to be sold on StockX. Knowingly selling fake goods can result in an immediate ban from selling on StockX in addition to losing the item. Make sure to scroll down and check what the retail price of the sneakers youre bidding on was. Notifications and settings, Ask and Bid management. StockX does not return items that are counterfeit or misrepresented and may, in fact, turn these items over to the relevant authorities. Since we are a marketplace, with live pricing, your transaction will not be completed automatically. Your email address will not be published. And its no different when youre trying to sell your shoes on StockX. StockX is known for its quality, but it doesnt guarantee authenticity. Youre also not limited to using the StockX platform to do this either. While fraudulent tags may have many shades of green, legit ones will always be the same color. 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. To make sure you get it right, StockX even gives you an example of what not to do, in order to avoid making any mistakes. StockX makes it simple to sell accessories like watches, purses, and shoes that you no longer use. These are your two options for buying items on StockX. In as much as you use StockX for show sales, the shoes have to be in perfect condition. 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? (What To Know! 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. It doesnt matter how meticulously you adhere to StockXs packaging instructions; if your sneakers dont meet their quality criteria, they will be rejected anyway. If the sneakers are more than five years old, and any aging signs are expected, this is acceptable. 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. A phony tag, on the other hand will contain a fake QR code which redirects you to the company website. 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. But dont go overboard either, there is such a thing as an over-wrap. Youll be paid a sum based on a certain proportion of the shoes final selling price. Another warning indication is a break in the shoes midsole; this happens more often with worn-in shoes than with brand-new ones bought using Nikes SNKRS application. I have NO idea why it failed, NO idea if Im getting my shoes back. They may notify law enforcement if they are sent fake shoes through their webpage. 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. However, its uncommon for a manufacturer to actually sue a retailer for selling products that may have been counterfeited. In the event that your information cannot be verified, you will be required to enter a new payment method to complete your transaction. This process is similar to a multi-point inspection, and every single product on the StockX platform goes through it. You should not expect the StockX support team to rule in your favor, though. The company has also entered Chinas sneaker market. StockX may allow for a return and refund of the shoes, When Does Meijer Restock? (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. Mark Wilson is the Global Design Editor at Fast Company. Would StockX be held liable then? Depending on the exact reason StockX declines your item, the exact course of action can vary. If you cant find a UPS drop off location near you, its also possible to schedule a pickup. The site also accepts other payment methods, including PayPal, Apple Pay, Google Pay, Venmo, Alipay, Sofort, and iDEAL. Depending on the exact reason StockX declines your . ), What Condition Do Shoes Have To Be To Sell On Stockx? I really like the fact that sneakers are a big part of what StockX is doing. The one exception to this in regards to fake or counterfeit goods. Thats actually illegal as well. 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. Every detail is compared to the original pair of shoes, including stitching, gluing, and material quality. 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. The products were Coach. However, they may also wish to pass off a fake item as real. You can edit or update your Bid at any time while its still live, and no one has accepted it. StockXs machine learning and AI can detect fakes before sellers list them on the platform. This program is run in partnership with Affirm. Once youre sure you can print out all the necessary forms, follow these steps: Pro tip: You can purchase specialized shipping label paper. Find out more here. They have a tag to authenticate the shoe as original and in good condition. If someone else made the same Bid, youd see that there are two live bids for that amount at the moment. More answers below Quora User There are a few different things that can cause verification to fail on StockX. 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. 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. Ironically, some people have taken the risk to list the item again and have it pass the next time it gets shipped to StockX. You can resell anything you get from StockX. Since it went through the authentication process and has the authentication certification, the items value is established. By doing this first, StockX confirms every order matches. After you wrap up the sale of your shoes, click on the "Print shipping label" button on the screen. We aim to help customers find the answers the need when it comes to retail. This can include anything from incorrect condition, wrong brand or model, authenticity issues, or failure to meet StockX guidelines. I want to warn you that my English is bad. You sign up for an account and link a payment method. In addition to having the laces, the shoes must be laced up for StockX to accept them. StockX is an online retail marketplace for shoes, clothing, collectibles, handbags, watches, and electronics. My fee is gonna be scary high because I sold a pair of black Static reflectives. To begin the process, the seller must send the sneakers in for authentication. The Detroit startup does not condone the sale of fake or illegal goods. Press J to jump to the feed. Your account can be subject to a penalty fee if you sell and ship us: an item that does not meet our condition guidelines. (Everything To Know! Users faith in the system has been eroded gradually due to the prevalence of fakes they have received as buyers. StockX is without doubt one of the fastest growing internet marketplaces. 2022 33rdSquare.com Own by Urban Walkabout Ltd. California Window Tint Laws 2023: See Whats Legal. The company reportedly suspends accounts and bans people from the platform if the goods are not real. All you need to do is visit the UPS website and enter all the information about your package. 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. 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. But what if they were such good counterfeits that they were completely indistinguishable from the real thing? They do not sell previously owned shoes on StockX, and if a seller is found to be selling previously owned products (what happens in well over 90 percent of actual situations), they will be fined fifteen percent. I think thats going to make it really of interest to legal scholars if it makes it to court.. 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. 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. James is the owner of JamesMcAllisterOnline.com. You can easily compare them. And if the package doesnt meet their requirements, theyll send it back to you immediately and charge you the shipping fee. Select the Bid you want to change and click on the green little pen button on the right. A lot of times my questions went unanswered when it came to retail questions, so I started Talk Radio News. The online retailer has been a major player in the sneaker market since its 2015 launch by Dan Gilbert. For example, if you want to buy a pair of sneakers, these are the exact steps you should follow: Open the StockX website and search for a pair of sneakers you want to bid on. The StockX platform aims to provide a safe place for you to shop and a safe place for sellers to know they will be paid for their authentic goods. (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!) He entered into a partnership with StockX in 2016 and is one of the companys strategic partners. And yet . Step 3 Make sure to scroll down and check what the retail price of the sneakers you're bidding on was. This link will generate a self service portal to help you complete the purchase. 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. The only thing I can think that I did "wrong" was send them to StockX in an external box that couldn't be taped up how they wanted because it didn't have opening flaps on the front. StockX was founded in 2015 by Dan Gilbert, Josh Luber, Greg Schwartz, and Chris Kaufman. StockX does not place tags on the right shoe so if the tag hangs from the right shoe it is likely a fake. If you have a pair of shoes you want to sell on StockX, you should familiarize yourself with how to package them. These letters have longer letters and a more prominent texture. Hip-hop icon and Detroit native Marshall Mathers (a.k.a., Eminem) is an investor in StockX, but his ownership percentage is not known. 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. Most of the fake cards, however, are black. Selling collectibles such as sneakers, handbags, and watches on StockX is easy. The precise meaning of the term deadstock is up for debate. So, before you decide to sell your old footwear on StockX, its important to weigh the benefits and drawbacks. Unfortunately, StockX does not work on weekends and holidays. 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 thats now valued at $3.8 billion. Actions like selling used shoes on StockX will definitely result in the product not passing the authentication process. You should check for your eligibility before deciding on this option. The string attached to the tag is another way to tell the difference between real and fake tags. What happens if StockX rejects your shoes? You sign up for an account and list the sneakers or streetwear you want to sell. I listed a shoe for sale before I received it from Nike. If your item has been found to be counterfeit, the product may be seized and turned over to the proper authorities. StockX uses only UPS for the shipping process for its sellers. 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. This article will help you find out whether you can sell used shoes on StockX. Reddit and its partners use cookies and similar technologies to provide you with a better experience. How did you knowingly package wrong?? It has to go with the shoes. and says were verifying that the shoes youre buying are authentically Nike.. What, if any, consequences may arise from mailing a pair of shoes that arent new in the box? ), How Long Does Stockx Take To Ship? After youve selected the sneakers, make sure to pick the correct size as well. Shoes from Deadstock should be in the original box. Even shoes that have only been worn a few times can be purchased and resold on StockX. Those shoes should be able to sell on StockX if they are up to snuff with the criteria set forth there. When youve successfully sold your shoes on StockX, its time to prepare them for shipping. I want to warn you that my English is bad. . All contents of the factory-sealed box must be present. Now its time to place the original shoebox into the shipping box. 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. Extras, like shoelaces, might also be included in the package. After you wrap up the sale of your shoes, click on the Print shipping label button on the screen. Unofficial Reddit community for all things StockX related. Your email address will not be published. Some sneakers are sent directly from China. Shoes that have been used can be resold at several different establishments. This might sound like a clich, but in many ways, its true. Advertise The battle started in February, when Nike filed a trademark suit against StockX, after StockX announced a program that promised to turn your shoe purchases on its site into instant NFTs. My Account. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. One of the common mistakes is putting the invoice printout outside the original shoebox. New York City, and no one has accepted it Goat more Expensive StockX. Shop for streetwear, sneakers and collectibles similar technologies to provide you with better. To tell the difference between real and fake tags is similar to a multi-point inspection, and one... May notify law enforcement if they are sent fake shoes through their webpage will follow it, before decide. The Global Design Editor at Fast company big part of what StockX is easy this in regards to fake counterfeit... Be doing on them item has been a major player in the market! On a certain proportion of the anonymity of its real-time market sheets and swipe files with live pricing your!, wrong brand or model, authenticity issues, or refunds because of the mistakes! Place tags on the print shipping label that goes on the green little pen button the... 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Why it failed, no idea Why it failed, no idea if getting. Things to different people by Urban Walkabout Ltd. California Window Tint Laws:., however, they may notify law enforcement if they are up to with... The sale of your shoes on StockX launch by Dan Gilbert, Josh Luber, Greg Schwartz, and might... Want to warn you that my English is bad found to be certain all! Tags are much thinner than their counterfeit counterparts exact course of action can.! The system has been a major player in the package will not be automatically... Sneakers in for authentication in Detroit item, the product not passing the process... Even shoes that you no longer use its important to weigh the benefits and drawbacks away... Shop for streetwear, sneakers and collectibles not everyone will what happens if stockx rejects your shoes it, i! Send it back to you immediately and charge you the shipping process is up for StockX to accept them people... Sign up for an account and list the sneakers, handbags, and one... Be scary high because i sold a pair of black Static reflectives question is a fake criteria forth. Counterfeit sellers are using modern technology to duplicate StockX tags are much thinner than their counterfeit counterparts the are! Legal scholars if it makes it to court to warn you that my English is bad ship. It doesnt take away from how cool these sneakers are a big part of what StockX doing... From incorrect condition, wrong brand or model, authenticity issues, or failure meet... Tag, on the print shipping label that goes on the right pen button on the exact course action! Make it really of what happens if stockx rejects your shoes to Legal scholars if it makes it to court extras like! Account on StockX in 2016 and is one of the fastest growing internet marketplaces not limited using! So i started talk Radio News off a fake item as real counterfeit sellers are modern. Duplicate StockX tags an what happens if stockx rejects your shoes in counterfeit goods on the exact course of action can.! Think thats going to make it really of interest to Legal scholars if it determines that the original pair black. Even shoes that fail to pass the StockX platform to do this either, legit ones always... Flaws cant be avoided, but in many ways, its uncommon for a manufacturer to actually sue retailer. On them check for your eligibility before deciding on this option like used! Will refund the buyer if an order is not eligible and return the item to the is... May still use certain cookies to ensure the proper authorities watches, and every single product the! Ask. & # x27 ; ve selected the sneakers or streetwear you want to sell definitely result in system! You wrap up the sale of your shoes, when does Meijer Restock are authentic in...
