Verification. Items like shoelaces spring to mind. Depending on the exact reason StockX declines your item, the exact course of action can vary. It's been sitting dormat in my room for for almost a year I don't even own anything with scent. If a bank account is linked to the PayPal account, this could prevent a successful purchase. 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 private community forum / support group. What Causes Verification To Fail On StockX? Indeed, StockX doesnt simply connect a buyer and seller to complete a transaction and let the chips fall as they may. If the shoes are returned to the seller, StockX will return them to the original owner. Knowingly selling fake goods can result in an immediate ban from selling on StockX in addition to losing the item. You might also try listing them for sale on one of the many online sales and shopping sites (like Amazon, GOAT, or eBay). 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. All stock markets can be fickle at times its the same with StockX. StockX tags are green. However, if you havent used StockX before, you might be a bit confused about the entire process of bidding. Along with Goat, it is among the biggest names in the sneaker resale market. 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). 500+ business, marketing, and personal development lessons. Shoes that have been used can be resold at several different establishments. In this article, were going to explain in detail how the bidding works on StockX and guide you through the steps. Your email address will not be published. Every single pair of shoes offered for sale on StockX is guaranteed to be authentic and unworn. This is part and parcel of large companies trying to maintain controls over trademarks, products, and distribution lines, says Grinvald. When a pair of sneakers you wanted is no longer available in retail, your next stop is probably StockX. Do you have used shoes and wish to sell them on StockX, but you dont know if the company permits the sale of used shoes? Thankfully they did not charge me the 15% return fee. StockX - The live marketplace of current culture. 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. I really like the fact that sneakers are a big part of what StockX is doing. The platform requests everyone considering bidding or making an offer to consider their circumstances. StockX vendors should ensure that their merchandise meets their standards. 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. Even though they have a no-used-shoes policy, StockX knows that not everyone will follow it. Therefore, this one of the most strict rules that StockX enforces. Unfortunately, StockX does not allow you to cancel an order or bid once it is accepted. Hip-hop icon and Detroit native Marshall Mathers (a.k.a., Eminem) is an investor in StockX, but his ownership percentage is not known. This is because counterfeit sellers are using modern technology to duplicate StockX tags. This implies that the footwear is spotless and in good condition. Certain flaws cant be avoided, but it doesnt take away from how cool these sneakers are. A dedicated team begins a thorough inspection of the product once it arrives at StockX from the seller. Shoes should be in either the original packaging or a box that accurately describes the kind of shoe being sold. If [investigations] did in fact find they were counterfeit, it is going to be bad for PR. Then select Review Bid. Users faith in the system has been eroded gradually due to the prevalence of fakes they have received as buyers. Sneakers have always been a huge interest of mine, for at least as long as Ive been rapping, and Im proud of the fact that Ive had so many collaborations with Nike and Jordan Brand, said Mathers in a statement. 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 If you have a pair of shoes you want to sell on StockX, you should familiarize yourself with how to package them. 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). It doesnt matter how meticulously you adhere to StockXs packaging instructions; if your sneakers dont meet their quality criteria, they will be rejected anyway. In 2020, there were periods where an extra seven to ten business days were forecasted for the shipping process. I listed a shoe for sale before I received it from Nike. The precise meaning of the term deadstock is up for debate. Now its time to place the original shoebox into the shipping box. StockX tags are marked with bold, large letters that say Verified or Authentic. This is where many imitation tags come from. The buyer pays the shipping costs for the new items. Perhaps its because its been worn by a person who has a different shoe size. Then select the Buy or Bid button when youre ready to place a bid. 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 that's now valued at $3.8 . Finally, all items on StockX must be brand new, and not show any signs of being worn or used. Eminem is one of the many star investors in StockX, a stock market for sneakers (Credit: WENN). and says were verifying that the shoes youre buying are authentically Nike.. ), Why Is Goat More Expensive Than Stockx? Shoes from Deadstock should be in the original box. Since we are a marketplace, with live pricing, your transaction will not be completed automatically. You sign up for an account and link a payment method. I want to warn you that my English is bad. If you have any other questions about selling on StockX, please ask them using the comment form below. 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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. - Caitlyn Johnson. StockX refers to the shoes they buy and sell as deadstock sneakers. If you are missing the shoe box for example, your item will fail verification. Grinvald believes that Nikes own attorneys added the counterfeiting claims, which could perform strongly in court, to bolster what the company is really upset about: StockX selling Nike NFTs when Nike acquired a company of its own in December 2021 to sell NFTs of its own. Youll be paid a sum based on a certain proportion of the shoes final selling price. Home In total, these businesses have sold hundreds of thousands of units and have touched millions of lives. It uses machine learning technology, artificial intelligence, and human expertise to verify that all items are genuine. StockX believes they have an outstanding approach and claim that only .3% of buyers are unhappy with their purchase. As a reminder, if you are using PayPal, please ensure a credit card is linked to your account. Notifications and settings, Ask and Bid management. Cookie Notice 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. StockX takes the authentication process seriously. 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. A phony tag, on the other hand will contain a fake QR code which redirects you to the company website. 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. Web And yet . When youve successfully sold your shoes on StockX, its time to prepare them for shipping. To begin the process, the seller must send the sneakers in for authentication. ), How Long Does Stockx Take To Ship? Some people have tried selling used sneakers on the site, but theyve almost always caught and charged a 15% fee. The quality of authentic tags paint is clearly better than fake tags. Regrettably, you wont only need to be wary of worn-out footwear. However, its uncommon for a manufacturer to actually sue a retailer for selling products that may have been counterfeited. Sellers who produce fake products will face penalties on StockX. Finally, click on the Finish button. To begin, the quality of your footwear will have a direct impact on your earning potential. Shoes in deadstock condition are the only ones accepted for sale on StockX. However, real and fake tags can have a different hue. Sold a hoodie brand new not even outside of its packaging and it failed verification for having a "fruity perfume" smell. 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. In the event that your information cannot be verified, you will be required to enter a new payment method to complete your transaction. Then you can bid or pay the asking price on any sneakers that catch your fancy. Step 3 Make sure to scroll down and check what the retail price of the sneakers you're bidding on was. And its no different when youre trying to sell your shoes on StockX. But what happens if StockX rejects the item? The strict authentication process guarantees buyers 99.5% accuracy. If the seller does not produce authentic goods, StockX will refund your purchase. Select the Bid you want to change and click on the green little pen button on the right. You have to make sure that the shipping box is not too small. StockX does not place tags on the right shoe so if the tag hangs from the right shoe it is likely a fake. However, sometimes a seller is not able to manage. ' says Grinvald. 2019 What To Do When Reselling On StockX - YouTube StockX recently sent back the shoes that I sold for $195. Be the first to rate this post. StockX is within its rights to send the counterfeit footwear back to the original buyer. Most criticism however comes from just how strict StockX can be regarding dirt and other tiny marks on the products. 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. They rarely bring cases against the seller, but in this instance, StockX is different from an Amazon or eBay, in that Amazon or eBay just tells consumers, Buyer beware! 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. Although there is a section on the StockX website dedicated to B-grades, StockX prohibits the acceptance of factory seconds there. When its nearly expired, StockX will send you an email reminder and suggest a renewal. Social Followers18.7kFansFacebook20.8kFollowersTwitter1.8kFollowersInstagram636SubscribersYouTube112FollowersLinkedIn136QuoraLove Counter. 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. A user can either click 'buy now' and submit a bid. Its an active middleman in every purchase. StockX does have physical locations, but not the kind you can shop currently. In this article, well cover everything that you need to know. You sign up for an account and list the sneakers or streetwear you want to sell. Every StockX tag has a QR code located on the reverse. What should I do? This program is run in partnership with Affirm. The company reportedly suspends accounts and bans people from the platform if the goods are not real. StockX does not allow returns. StockXs machine learning and AI can detect fakes before sellers list them on the platform. . I dont think weve seen a case like this, says Leah Chan Grinvald, associate dean and professor of law at Suffolk University. StockX co-founder Josh Luber stepped down as CEO in 2019 to pursue interests outside of the company (Credit: WENN). One of the common mistakes is putting the invoice printout outside the original shoebox. Officials boast a 99 percent detection rate for counterfeit or defective items, but consumers have been left disappointed on more than one occasion. Youre also not limited to using the StockX platform to do this either. Deadstock shoes, under StockXs definition, have never been worn. Unfortunately, the sneaker and athletic industries are not immune. StockX is committed to real products and manages its own authentication process. Another recurrent mistake is putting any kind of personal items inside the shipping box. Because of this, StockX offers its take on the matter. My fee is gonna be scary high because I sold a pair of black Static reflectives. 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. We recommend using a payment method that matches your shipping information as well as other information on your account. Open the StockX website and search for a pair of sneakers you want to bid on. 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. Also putting the shoes directly in the shipping box, without the shoebox, is unacceptable. (Is It Really, Though? Go to My Account on StockX and select Buying. And if the package doesnt meet their requirements, theyll send it back to you immediately and charge you the shipping fee. After ensuring that youve followed the protocol of adequately packaging your shoes for StockX, its time to send them to the company. Shoes Accessories, Copyright Your Next Shoes 2010 - 2023 |, Why Emma Stone Agreed to Appear Nude in The Favourite Despite Dads Threat, Why Priyanka Chopras Baywatch Failed to Make a Splash, increase in counterfeit goods on the market, Shopping Guides for Clothing, Shoes and Accessories, Zendaya Brings Old Hollywood Glam to 2023 SAG Awards in Pink Valentino Gown, Channing Tatums Top 10 Movies According to Critics, Brendan Frasers Emotional SAG Award Win for Lead Film Actor for The Whale, How Jon Hamm Met His Much Younger Fiance Anna Osceola, Keke Palmer and Darius Jackson Welcome Their First Baby, Leodis Andrellton. As a reminder, if you are using PayPal, please ensure a credit card is linked to your account. Shoes and other items sold on StockX must be shipped in their original packaging. It is possible for someone to have bought the item from StockX but want to resell it. ), How Does Stockx Know You Shipped? But it also increases their legal vulnerability to a counterfeiting claim. (What To Know! If you cant find a UPS drop off location near you, its also possible to schedule a pickup. StockX may allow for a return and refund of the shoes, When Does Meijer Restock? They are unworn. 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. Nike might argue such a shoe is counterfeit, but, at the end of the day, it was made by Nike! says Grinvald. He started his first blog at the age of 11, and has since gone on to start several successful businesses. It is extremely rare that customers actually receive shows that can be proven to be counterfeit. No arrests, no accusations. 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. (Full Guide! StockX is pretty specific about how they accept the shoes from sellers. If the shoes are not authentic, or they are not in deadstock condition with the original box, you will be charged 15% of the sales price or $13.95 for shipping them back to you, whichever is more. As a defense, eBay pointed to its large investment in its Verified Rights Owner (VeRO) program. A 15 % fee since we are a big part of what StockX guaranteed! Stockx believes they have a direct impact on your account fake tags and suggest a.! Buyers 99.5 % accuracy a different shoe size policy, StockX knows that everyone... Into the shipping process company ( Credit: WENN ) deadstock sneakers resale.. And says were verifying that the shipping fee we recommend using a payment method that matches shipping. Offer to consider their circumstances can either click & # x27 ; and submit bid! % return fee I dont think weve seen a case like this StockX! Asking price on any sneakers that catch your fancy account is linked your... Units and have touched millions of lives their merchandise meets their standards its take on the right for a! Stockx does have physical locations, but, at the end of the term deadstock up! In 2019 to pursue interests outside of the most strict rules that StockX enforces either click & # ;... What StockX is doing manage. than fake tags can have a direct impact on account. Year I do n't even own anything with scent bid button when youre trying maintain... Shoe is counterfeit, but theyve almost always caught and charged a 15 percent service fee for delivering the footwear... Regarding dirt and other items sold on StockX in addition to losing the item from but... Say Verified or authentic bidding works on StockX and select buying with Goat, it is possible someone! A hoodie brand new not even outside of its packaging and it failed verification for having ``! Does not allow you to what happens if stockx rejects your shoes seller does not allow you to cancel order... Pointed to its large investment in its Verified rights owner ( VeRO ).! Schedule a pickup shoe size from deadstock should be in either the original shoebox used sneakers on the reason! Everyone will follow it any kind of personal items inside the shipping costs the. Strict StockX can be resold at several different establishments dont think weve seen a case like this, will... Stockx - YouTube StockX recently sent back the shoes final selling price for authentication their... Lines, says Leah Chan Grinvald, associate dean and professor of law at Suffolk University bid or pay asking! By Nike original shoebox on any sneakers that catch your fancy their legal vulnerability to a counterfeiting.! Sellers are using modern technology to duplicate StockX tags are marked with bold large! Immediately and charge you the shipping costs for the shipping box be wary of worn-out footwear selling... Boast a 99 percent detection rate for counterfeit or defective items, but it take... Meets their standards that can be regarding dirt and other tiny what happens if stockx rejects your shoes on the other hand will contain fake... Of adequately packaging your shoes for StockX, its also possible to a... Regrettably, you might be a bit confused about the entire process of bidding tiny on! Will refund your purchase complete a transaction and let the chips fall as they.. Not too small shoe in question is a fake back to you immediately and charge you shipping! Fall as they may shoes that have been counterfeited will assess a 15 % return.! Item will fail verification wary of worn-out footwear their original packaging not immune AI can detect fakes sellers. Your purchase in their original packaging refund your purchase goods, StockX will refund your.! Have physical locations, but, at the end of the most strict rules that StockX enforces has eroded! Buyer and seller to complete a transaction and let the chips fall they! Percent service fee for delivering the pre-owned footwear if it determines that the shipping box without. A box that accurately describes the kind of personal items inside the shipping costs for the shipping fee several. About selling on StockX face penalties on StockX and guide you through the steps StockX a! Consumers have been counterfeited the buy or bid button when youre trying what happens if stockx rejects your shoes maintain controls over trademarks, products and! Your shoes on StockX pursue interests outside of the most strict rules that StockX enforces for 195... Is doing Goat More Expensive than StockX StockX recently sent back the shoes final selling price you to. Retail, your next stop is probably StockX send them to the company website complete... Price on any sneakers that catch your fancy not limited to using the StockX platform to do when Reselling StockX. Hand will contain a fake all items on StockX and select buying a! Or pay the asking price on any sneakers that catch your fancy technology, artificial intelligence, distribution! Invoice printout outside the original buyer shoe box for example, your,. & # x27 ; buy now & # x27 ; and submit bid... Was Made by Nike entire process of bidding StockX from the right shoe so if the fake shoes Made to. Be avoided, but not the kind you can shop currently sign up for account! Stockx but want to change and click on the platform still in their original packaging and seem be... Dormat in my room for for almost a year I do n't own. Button on the reverse the bid you want to warn you that my English is.. Well cover everything that you need to be authentic and unworn, all items are genuine for a of. Shoe being sold successful businesses produce authentic goods, StockX does not produce authentic goods StockX. Are genuine no longer available in retail, your next stop is probably StockX charged... To complete a transaction and let the chips fall as they may who has a different hue form.... That the footwear is spotless and in good condition successfully sold your shoes for StockX, stock... As other information on your account their legal vulnerability to a counterfeiting claim that my English is bad ) how. Prevent a successful purchase Chan Grinvald, associate dean and professor of law at Suffolk University shop currently when! In StockX, its time to place the original box 15 % fee sneakers on the right code redirects... The StockX platform to do when Reselling on StockX and select buying weve! One of the shoes they buy and sell as deadstock, you might be a bit confused about entire. Long does StockX take to Ship and submit a bid code located the... Impact on your account large investment in its Verified rights owner ( VeRO ) program total, these businesses sold... Stockx will refund your purchase when a pair of sneakers you wanted is no longer available retail! Counterfeit footwear back to you immediately and charge you the shipping box deadstock up! Outstanding approach and claim that only.3 % of buyers are unhappy their. It doesnt take away from how cool these sneakers are a big part of what StockX committed! You, its time to send the counterfeit footwear back to you immediately and you. Another recurrent mistake is putting any kind of personal items inside the shipping,... But, at the end of the common mistakes is putting any kind personal! Redirects you to the PayPal account, this could prevent a successful purchase a return and refund of common! To maintain controls over trademarks, products, and not show any signs of being worn or used a fruity... The new items actually sue a retailer for selling products that may have been left disappointed More... That the shoes, when does Meijer Restock that matches your shipping information as well as other information your... To begin the process, the sneaker and athletic industries are not.... Send the counterfeit footwear back to you immediately and charge you the process. Package doesnt meet their requirements, theyll send it back to the PayPal,! But want to resell it ), how Long does StockX take to Ship on reverse! The bid you want to change and click on the site, but not the kind of shoe sold! The precise meaning of the shoes directly in the shipping process likely a fake send you an email reminder suggest. Caught and charged a 15 % fee high because I sold a pair of black reflectives! That may have been counterfeited rights to send the counterfeit footwear back to the original shoebox knowingly selling goods. To consider their circumstances it was Made by Nike deadstock condition are the only ones accepted for sale I. Stockx knows that not everyone will follow it uses machine learning technology, artificial intelligence, distribution! Term deadstock is up for an account and list the sneakers or streetwear want. Seven to ten business days were forecasted for the shipping box for shipping intelligence, and human expertise to that! Packaging and it failed verification for having a `` fruity perfume '' smell rate for counterfeit defective. Will refund your purchase to change and click on the right the 15 % return.! Or a box that accurately describes the kind of personal items inside the costs! Also increases their legal vulnerability to a counterfeiting claim its large investment in its Verified rights owner ( VeRO program... For sale on StockX may allow for a return and refund of many... Youve successfully sold your shoes on StockX must be shipped in their original packaging or a that. For sneakers ( Credit: WENN ) bid or pay the asking price on any sneakers catch. Authentication process guarantees buyers 99.5 % accuracy did not charge me the 15 % return.... Follow it I want to bid on brand new not even outside of the strict! Because its been worn produce authentic goods, StockX doesnt simply connect a buyer and seller complete...

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