If you purchase an independently reviewed product or service through a link on our website, Rolling Stone may receive an affiliate commission. When Vestiaire Collectives new CEO Max Bittner came on board in November last year, one of the first things he did to grow the seller audience was, Competing on selling fees is also important since eBay does not compete with other resellers on authentication. © 2023 Copyright Finalfees. A dialog will open as you type your search terms. Lastly, our offer system allows you to directly negotiate with a seller to work towards an ideal price. Is the partner fee basically the eBay fees when an item sells? Do you have an eBay Store or want to sell vehicles? Consensus: While an iconic destination, Flight Club is predominantly a retail experience. The difference here compared to the Grailed method of breaking down the fees is that Paypal rolls the sales tax that the buyer pays here into your total amount, making it look like you actually sold . By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. For listing mainstream brands that are well-known. Pros How come. If your registered address is not in the US, please refer to the fee page for your country or region of residence for your International fee information. (Plus, environmental advocates point out that a hefty amount of donated clothing and textiles end up in landfills, and resale helps to extend the life cycle of items). PayPal fees for transactions within the United States are 2.9 percent plus $0.30 per transaction, while. The Fight and Waive Fees product is just one of the many products DoNotPay offers that will save you time and money. For sellers, Grailed feeshave gone up to 9%. Cons I've managed to keep 100% positive feedback, but found myself being forced to bend over backwards for some less than desirable buyers. Its terribly misleading to potential buyers and a real shame if the cost of this service contributed to them deciding to increase their fee. See our pages below for more information: Every month, you get up to 250 zero insertion fee listings, or more if you have an eBay Store. Keep in mind that all these still depend on the subscription model of the seller. Grailed Fees Anyone else flabbergasted at Grailed's fees now? Find high-quality men's and women's streetwear & designer pieces from the brands you love at Grailed, the community marketplace for men's and women's clothing . If you're being charged a partner fee in addition to our fee, then you would need to review the terms and services of what website you use to promote your non-profit organization. For sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. Amazon, Bonanza, Chairish, Craigslist, Depop, Ebay, Ecrater, Etsy, Facebook, Fiverr, Goat, Grailed, Kijiji, Letgo, Mercari, Newegg, Offerup, Paypal, Poshmark, Rakuten, Rubylane, StockX, Stripe, Tradesy are trademarks of their rightful owners. When the petition has gained enough attention, the platform may reevaluate the fee. The platform uses PayPal to process payments, so you will have to pay a PayPal seller's feeas well. At the end of 2019 Ebay eliminated final value fees for items sold for over $100 in the Athletic Shoes category; Yes, that means 0% fee for sneakers that you sell for over $100! Click Here To Try It NowClick Here For Tutorial. © 2023 Copyright Finalfees. Sellers who have a lot of brand new inventory are in luck, however anyone with lightly used goods cannot sell at all, and the additional transaction fees mean that checkout price is often considerably higher than advertised. Getting paid:Once your sold item is successfully verified by StockXs authentication staff, you can get paid in as soon as 30 minutes if you choose PayPal as your preferred payment method or in a few hours if you choose Venmo. But how exactly do you sell clothing online? Reddit and its partners use cookies and similar technologies to provide you with a better experience. For select categories, eBay also allows online escrow services, checks, money orders, and bank-to-bank transfers. For other items that sell, theres a final value fee of two to 12.85 percent depending on the products category. If your item sells, youll receive a pre-paid shipping label and your item will be authenticated before its shipped to the seller. Every sneaker is in deadstock condition, meaning brand new, unworn in the original packaging. So how do we know who this partner is? Whatever percentage you'd agreed to when deciding to promote your listing. I was wondering if Grailed has a similar side with the buyer no matter what policy or if they actually value their sellers. DoNotPay will generate the best argument for your case and make sure your fee waiver request gets sent to the merchant for processing. Submit your case! For its service, Flight Club charges a 20 percent flat rate fee on every pair of sneakers solda hefty price compared to competitors. The online marketplace exclusively for high-end men's designer clothes is Grailed. For listing highly anticipated new releases. Reserve price in select Business & Industrial categories: International site visibility for auction-style listings, International site visibility for fixed price listings. The partner fee is the fee you're charged for "promoting" your listing on eBay. If your category is not listed this means no additional deduction is given. If you need to refund the buyer or cancel the sale, you may be eligible for fee credits as per our fee credits policy. If eBay converts your funds, the conversion will be completed at the transaction exchange rate we set for the relevant currency exchange. A final value fee is charged when an item is sold where eBay takes 10% of the sold price and shipping charge combined plus Paypal fees. The site claims the increase was to improve the marketplace experience for all users. Flight Club only deals in new sneakers. To list an item, there are 13 required fields, and at least 20 more optional ones. With their new Managed Payments format, that number will now be 12.35% + 30 cents. Similar to Flight Club, Stadium Goods is a consigner that has a significant online presence. Sneakers are a key area for growth for eBay. Browse the most sought after Ebay clothing including Short Sleeve T-Shirts, Light Jackets, Hats, & more. At the end of 2019 Ebay eliminated final value fees for items sold for over $100 in the Athletic Shoes category; Yes, that means 0% fee for sneakers that you sell for over $100! But, if you are willing/can afford losing an item, it's useful for a few extra sales imo. No matter which format you choose, there are some rules you should be aware of, so please take a moment to read our Real estate policy. Here are a few options to try. Once you actually sell an item, GOAT (like StockX) sends you a prepaid shipping label to send the sneakers to an authentication center. Sneakers are a key area for growth for eBay. The base exchange rate reflects rates within the wholesale currency markets applicable to the currency pairing on the day of the conversion, or the prior business day. All of the products offered by DoNotPaywill save your time and money wherever you are and wherever you do business. Grailed by the numbers. While Ebay has its own flaws, Grailed no longer offers any real advantage to sellers since raising the Grailed fee. With their new Managed Payments format, that number will now be 12.35% + 30 cents. ABOUT EBAY FEES. Consensus: From a buyers perspective, GOAT is great. The company is currently approving sneaker sellers on a rolling basis and a limited number of apparel and accessory sellers. If youre approved, youll use GOATs app to search for your item, enter its condition and price, and upload photos. my hype items never, I think its hard to sell unless you are the lowest priced. E-bay will pull their fees when they invoice me at the end of the month. Would of chosen another payment method had I known I would get charged two fees. If you want to sell on Grailed, there is a 9% seller's fee. The platform announced the change less than 24 hours before it was implemented. Newly Improved Ebay & Etsy Import System. Ebay has been charging a 10% fee for quite a while, and Paypal charges 2.9% + 30 cents per transaction = 12.9% + 30 cents. In 2019, 6 million pairs of sneakers were sold through eBay, and $10 million worth of sneakers were sold on eBay in 2018, up from $2 million the year before. EBay said that, while it does not authenticate sneakers, there are a variety of ways to report fakes found on the site. We have helped over 300,000 people with their problems. Read This Pros Top Tips Before You Sell Your Merch, Dont Sweat These Shades: These Are the Best Sunglasses for Running and Sports, The Best Grateful Dead Merch for Deadheads and Collectors Alike, Hoodies Are Much More Than Loungewear Here Are Ten Examples to Prove It, View all posts by Danielle Directo-Meston, Looking to Start Boxing After Watching 'Creed III'? This means that a seller could easily use photos of a legit item but ship you a fake. Grailedhas recently faced some backlash from users after raising their fee / commission to 9%. Commission and fees:GOATs commission fees range from 9.5 percent to 25 percent, plus a seller fee between $5 to $30, depending on your location and address. When the item sells on eBay.de, eBay will calculate your payout amount by converting the sales proceeds from EUR to USD using the transaction exchange rate applicable at the time of the sale. The fee is around 2.9% domestic and around 4.4% international. That said, higher fees and longer wait times make selling on StockX a longer process than competitors. When you create listings or sell items on an international eBay site, eBay may convert your funds to a different currency in order to collect amounts owed by you to eBay, or to payout funds due to you. Its up to you to determine whether to continue selling at one or both sites, but we have made made our argument and we rest our case. The Total paid into my PayPal account was $17.16 as shown. The amount you pay depends on the listing package you choose Basic, Premium, or Plus. Additionally, authentication fees and duties (if you're an international shopper) can potentially add a significant price bump to any purchase. eBay is an online marketplace where users buy and sell products. Between fees, rolling admission and turn around time, as a new seller you may have missed the boat. The retail experience is relatively straightforward and all items are authenticated in-house at one of StockX's warehouses around the world. The majority of products on our marketplace trade for more than their retail price, and the size of their price premium that is, the difference between resale and retail price tends to be a good measure of demand. What separates eBay from other sellers is our strong partnerships with other brands. If there is a way to save time and money, the chances are good that DoNotPay has a product that can handle things for you. What is Grailed's commission fee used for? As the authoritative mens clothing marketplace, we know a thing or two about buying and selling, and we ranked the best places across the web to buy and sell sneakersincluding ourselves of course! And what are the best ways to make sure you get the most money back from your unworn wares? For comparison, StockX brought in about $700 million last year, though that includes its other categories, which make up a smaller portion of . While technically one entity, each still operates independently and are seemingly autonomous. For anyone not in the New York area, Stadium Goods requires you to set up a seller profile and communicate online with its internal sales team, creating a bar to entry. Enter the promotion percentage you are charged. Ebay also still has a much bigger user base. Press J to jump to the feed. * Starting price is the starting price (auction-style listings) or Buy It Now price (fixed price listings) of your listing, and doesn't include shipping, handling, taxes, or fees. There are many online marketplaces. For mens athletic shoes, theres no final value fee if the pair sells for $100 or more. For sellers, GOAT is not an ideal website. no need to bend over backwards when you loose out on your item and money. The Grailed marketplaceallows people to sell men's clothes, shoes, and accessories from high-end designers. eBay's selling fees are dependent upon your membership, your store status (subscription), the item, and the payment method, but they might include an insertion fee . Here's how you can use DoNotPayto appeal fees: Saving time and money has never been so quick and easy. You can add up to 24 photos with zoom and enlarge, as well as schedule your listings to start and end at a future date and time, free of charge. From StockX to eBay, these online marketplaces will help turn your clothes and kicks (and more) into cash, Got Unworn Kicks and Closet Castoffs? If you are unsuccessful in waiving the Grailed fee, there is a product to fight chargeback and a product that could assist you with returns as well. The higher of the two final value fees is charged, if your item sells, Reserve price Getting paid:Payments through direct deposit or PayPal are subject to a 2.9 percent cash out fee. Thanks in advance. We do not sell items on paypaal, or paypal doe not do any advertisement for our items or no other paypal partner works for us. Fees are different for Store subscribers and for selling vehicles. If you have already completed the transaction, you can contact customer service and request the fee be refunded. For more information, please see our Cookie Notice While Amazon charges nearly 15% and eBay isn't far behind at 13% Grailed charges close to 10%. For our community of sneakerheads, eliminating selling fees allows them to turn their sneakers into more cash to fund future purchases, and results in a more robust sneaker inventory for shoppers everywhere, said Jeff Chan, head of mens footwear and apparel at eBay. Pick Up Some of These Gloves First, Tired of Standing? Consensus: For those searching for exclusively deadstock sneakers, StockX is a good option. Donating your closet castoffs is one option, but you can also try to get a decent return on your sartorial investment by selling your unworn or gently-used merch online. For Sneakers over $100 in value, the fee is 8%. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Once you factor in PayPal fees, Grailed becomes a problem. Each listing package offers different levels of bundled features for a set fee. . While this is a huge disappointment, there is no additional Paypal fee, so the 8% fee is about 3% less than the fee youll pay for selling on Grailed. Kidizen Selling Fees: Kidizen selling fees are 12% + $0.50 of the sale price. In both cases, you're eligible for Paypal protection, which is what you seem to have an issue with. Cons Good for selling:Vintage and new clothing, sneakers, collectibles, music memorabilia, Popular brands:Jordan, Yeezy, Nike, Adidas, New Balance. Each sale henceforth affects your score, with 2 points added for a successful sale and 10 points deducted for a poor sale. Commission and fees:Grailed takes a commission fee of nine percent, and sellers are also charged a PayPal payment processing fee of 2.9 percent plus 30 cents for domestic transaction and 4.4 percent plus 30 cents for international transactions. As time goes on and deadstock supply declines, this tends to put upward pressure on resale prices. If this post or any other was helpful, please enrich the community by giving kudos or accepting it as a solution. For men's athletic shoes, there's no final value fee if the pair sells. But, trust us, theres a reason behind the blatant bias and ego. For US domestic payments, there is a payment processing fee of 3.49% + .49 USD. Grailed is an online fasion marketplace focused on vintage, high-end, and popular street brands such as, Champion, Nike or Gucci. Copyright 1995-2023 eBay Inc. All Rights Reserved. The Best Websites To Buy and Sell Sneakers. If a seller has 10 pairs or less, they can simply walk into the Canal street store front and drop them off to start sellinganyone with more than 10 pairs must make an appointment. See how it works. Getting paid:Some of the most common payment methods include PayPal, credit or debit cards, and Apple and Google Pay. Copyright 2023 Penske Business Media, LLC. The item was purchased for $25 and the partner fee was $2.00. Here are some more articles to check out from the Fight And Waive Fees product series. First, potential sellers must apply in order to list items on the website. When Vestiaire Collectives new CEO Max Bittner came on board in November last year, one of the first things he did to grow the seller audience was lower selling fees by an average of 10% across all categories. Here is a listing we came across when it was first listed. By looking at our internal data, we believed this to be the optimal number to entice more sellers, knowing they will be able to sell at a faster rate while continuing to make a profit, and also offer buyers the pieces they desire at an attractive price, Bittner said, noting that sales of lower-priced items nearly tripled after the change was enacted. Then why this "Partner" is charging us? Here is an overview of fees, credits, and invoices on eBay. With the ability to buy both new and used sneakers, Grailed has the best prices anywhere. When you set your price for an item, it should account for shipping and a 9% commission for Grailed. Grailed mostly only sell luxury. Shopping at either the website or brick and mortar locations is reminiscent of a traditional ecommerce or retail experience, respectively. It's a pretty common practice for most selling services because it allows them to deduct their fee with each item sold instead of a separate billing. But heres the kicker; Ebay offers discounted shipping labels. It's absolutely terrible for the seller. While Flight Club has almost every new release you may be searching for, older modelswhich are more difficult to authenticateare often not available.