Thankfully they did not charge me the 15% return fee. Importantly, StockX is under no obligation to accept the return of any item that does not meet its requirements. 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). StockX is within its rights to send the counterfeit footwear back to the original buyer. StockX is only a marketplace for deadstock merchandise, and does not accept the sale of worn items. ), Which Is Better, Goat Or Stockx? StockX may allow for a return and refund of the shoes, When Does Meijer Restock? Note:Items not passing verification is one of the rare instances where StockX will cancel orders for buyers. Actions like selling used shoes on StockX will definitely result in the product not passing the authentication process. Find out more here. 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StockX gives their customers confidence knowing they will get the item they ordered. Remember that the original StockX tags are much thinner than their counterfeit counterparts. Shoes from Deadstock should be in the original box. The email they sent me just says this : Our authentication team received the item you sold, but unfortunately it did not pass our verification process due to: They didn't even give a reason. To make the distinction, you can first use the string colour. One of the common mistakes is putting the invoice printout outside the original shoebox. - Caitlyn Johnson. I listed a shoe for sale before I received it from Nike. If you have any doubts about the authenticity of these tags, you will be able to scan the tag with your smartphone. They may notify law enforcement if they are sent fake shoes through their webpage. The reasoning behind the decision involves the implied deal that bidding suggests. 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. Over on Twitter, UNH Franklin Pierce School of Law professor Alexandra Roberts published a thread outlining the complicated house of cards for StockX in this situation. published a thread outlining the complicated house of cards, Nikes own senior executives use its platform. 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. They werent, but whatever. All you need to do is visit the UPS website and enter all the information about your package. A bid can stay up the whole time without anyone accepting it. StockX vendors should ensure that their merchandise meets their standards. StockX will ship the item only after it has been verified. And yet . Since we are a marketplace, with live pricing, your transaction will not be completed automatically. How Does Bidding Work on StockX? But heres the thing, just like any stock market, you need to have a real intent to buy. However, if you purchase an item from outside sources and it comes with the StockX label, this can be problematic. Shoes sold as deadstock must be in their original packaging. It will be easier to tell a fake tag from one that is real if you have a StockX tag. Tape the UPS label on the outside of the shipping box, not the shoebox. All stock markets can be fickle at times its the same with StockX. A wholesaler has the option of listing items at a defined price or making them available for bidding. Finally, click on the Finish button. The first one (as already mentioned) is counterfeit goods. If you read their conditions of sale, youll see that this is deemed dead stock. This means you will send the shoes to the shop, and the shop will place them on the shelves for you. StockX does not allow returns. A phony tag is easily identified by its chipped paint and messiness. And that means theyre brand-new, never worn, and usually less than five years old. ), How Long Does Stockx Take To Ship? Thankfully they did not charge me the 15% return. Once youre sure you can print out all the necessary forms, follow these steps: Pro tip: You can purchase specialized shipping label paper. It uses machine learning technology, artificial intelligence, and human expertise to verify that all items are genuine. Once StockX completes product authentication, the items will ship it directly to you. Use tape to close the box safely. The Detroit-based company StockX is a legit online marketplace for buying and selling sneakers (Credit: T. Schneider / Shutterstock). (Full Details). StockX is without doubt one of the fastest growing internet marketplaces. Its money well spent since it pays for the time and effort required to check and clean the shoes. Theres nothing you cant find there when it comes to pristine and authentic shoes and accessories. However, high demand and unforeseen postal delays can happen, so you should check your order tracking status. StockX tries to enforce a two-day policy with sellers so your sneakers are not delayed. Ask for refund or wait. The quality of authentic tags paint is clearly better than fake tags. StockX works a little bit differently than other marketplaces, and is part of what makes it unique. ), Can You Sell Used Shoes On Stockx? Dont even think of trying to sell very dirty sneakers on StockXs marketplace. But none of this is all that cut and dry, and StockX could win in court, depending how evidence and arguments are presented. The buyer pays the shipping costs for the new items. Original shoes are then sold on StockX. However, its uncommon for a manufacturer to actually sue a retailer for selling products that may have been counterfeited. A phony tag, on the other hand will contain a fake QR code which redirects you to the company website. If a bank account is linked to the PayPal account, this could prevent a successful purchase. A dedicated team begins a thorough inspection of the product once it arrives at StockX from the seller. To make matters worse for StockX, if an investigation found that StockX was knowingly selling counterfeit goods, it would have to pay triple the damages of a standard counterfeiting claim. Since we are a marketplace, with live pricing, your transaction will not be completed automatically. They are unworn. (Everything To Know! They eventually got back to me and the issue was that they were worn. Or they can place an 'Ask.'. Does anyone else have experience with this? Everything was intact when I sent them, even the paper they came wrapped in within the box. 2022 33rdSquare.com Own by Urban Walkabout Ltd. California Window Tint Laws 2023: See Whats Legal. Only DS shoes, an acronym for deadstock, are acceptable at StockX. Privacy Policy, Brands . Then you can bid or pay the asking price on any sneakers that catch your fancy. What if they claim its fake, or not in proper condition to sell? Mark Wilson 5/16/2022. If something does not ship, then StockX will attempt to find another item that matches the parameters. StockX is a huge marketplace for items like high-end sneakers, streetwear, collectibles, and accessories. No votes so far! Regrettably, you wont only need to be wary of worn-out footwear. Should your Bid fail, you will be required to enter a new payment method to complete your transaction. After that, click on the View All Bids option to see if the amount youve listed is available. they are still, technically, unauthorized Nikes. (Full Guide! 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. ), What Condition Do Shoes Have To Be To Sell On Stockx? After ensuring that youve followed the protocol of adequately packaging your shoes for StockX, its time to send them to the company. Choose the kind of help you need. Scroll down a bit and choose the duration of your Bid as well. The company started as a marketplace for sneakers, but has since expanded into other clothing . Hello. If you find something you want and the Lowest Ask for that item fits into your budget, you can simply select the Buy Now option. So, before you decide to sell your old footwear on StockX, its important to weigh the benefits and drawbacks. If you dont take care of how you pack them, then its less likely that the shoes will arrive in great condition. And it will be the reason why StockX instantly rejects your shoes. It has to go with the shoes. Youre also not limited to using the StockX platform to do this either. ), How Does Stockx Know You Shipped? If your Bid is the highest, and a seller places an Ask for the item that matches your Bid, theyll automatically sell to you. StockX will automatically charge you, and the seller on the other side of StockX will start packaging your shoes or anything else you might have bought. 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. (What To Know! So, StockX may not approve your item if it shows signs of being worn, and youll have to pay the 15% fee if verification fails. 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. (Is It Really, Though? We recommend using a payment method that matches your shipping information as well as other information on your account. (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. Once everything is authenticated, you will receive your payment. (Full Details, Prices + More!). Let us know in the comments section below. But it also increases their legal vulnerability to a counterfeiting claim. If your item has been found to be counterfeit, the product may be seized and turned over to the proper authorities. If the item was sold for under $100, you will be charged at minimum a $15 fee. You should have no trouble selling your old shoes if you keep these suggestions in mind. Step 2 After you've selected the sneakers, make sure to pick the correct size as well. What happens next? Nike is suing StockX for allegedly selling counterfeit shoes. If a bank account is linked to the PayPal account, this could prevent a successful purchase. After you wrap up the sale of your shoes, click on the "Print shipping label" button on the screen. Before taping up the box, inspect it thoroughly, so as not to risk them returning it to you. 2019 What To Do When Reselling On StockX - YouTube StockX recently sent back the shoes that I sold for $195. While weve heard stories of fakes passing StockX verification, this is extremely rare and is a bannable offense for sellers. Its an active middleman in every purchase. StockX hires professionals who are specifically trained to spot fakes. Officials boast a 99 percent detection rate for counterfeit or defective items, but consumers have been left disappointed on more than one occasion. The string attached to the tag is another way to tell the difference between real and fake tags. Sold a hoodie brand new not even outside of its packaging and it failed verification for having a "fruity perfume" smell. 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