But were not finished. When the petition has gained enough attention, the platform may reevaluate the fee. Competing on selling fees is also important since eBay does not compete with other resellers on authentication. 9%. How it works:Sellers are responsible for photographing and listing their items to their shop on Etsys marketplace. Between fees, rolling admission and turn around time, as a new seller you may have missed the boat. This means that a seller could easily use photos of a legit item but ship you a fake. Of course there would also be the operation cost of investigating the case themselves. An order is defined as any number of items purchased by the same buyer at checkout with the same shipping method. Since Flight Club is still technically a brick and mortar store, prices tend to be a bit steeperthey have to cover rent and inventory. You can use the Classified Ad format in the following categories: You can also use Classified Ads for selling Real Estate, but the fees are different see below for more information. Since you aren't charging the buyer for shipping or any other costs, $424 is the total amount of the sale (includes 6% sales tax). StockX will catch most fake items, while Ebay will not, but nor will they ever claim to be able to verify an item as authentic. Grailed fee: $3.03 ($1.80 Grailed commission + $1.23 payment processing fee) You make: $16.97 . Thats less than half a percent difference, in favor of Grailed. Is the partner fee basically the eBay fees when an item sells? Select Clothing, Shoes & Accessories categories: Free if starting price is $150 or more* - See: Notes for Basic fees. How it was possibly authenticated is beyond comprehension. If exchange rates are set by law or regulation, the base exchange rate reflects the government reference rates. Most categories, including Music > Vinyl Records and eBay Motors > Parts & Accessories, Automotive Tools & Supplies, and Safety & Security Accessories. 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. 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. I have only used Ebay and Grailed. Note: If your account isn't meeting our minimum seller performance standards and you're rated Very High in your rate of 'Item not as described' return requests, you'll only be charged the additional final value fee for not meeting our minimum seller performance standards. We'll indicate which listings are subject to additional fees on your Account Summary - opens in new window or tab. Fees for Real Estate listings include an insertion fee, a notice fee, and fees for any optional listing upgrades you choose. Here's why you should sell on Grailed: Pros of selling on Grailed rather than Depop Sell luxury/designer items: While you can sell luxury items on depop, Grailed has a more curated/niche audience looking for hyped clothing pieces. For sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. For comparison, StockX brought in about, EBay isnt alone in lowering selling fees as a way to bring in more customers, though it is among the only ones to completely forego selling fees for one category. It was raised on August 12th, 2020 from 6%. Partner fees are seller fees assessed by the website an item is sold from and are not part of the fees for using our services to receive money. The Ultimate Grailed Guide - How to Sell on Grailed FAST Be sure to also check out any relevant payment processing fees that may apply to your transaction. Set a minimum price that must be met for your item to sell, $5.00 or 7.5% of reserve price, whichever is greater (maximum fee $250) This fee is calculated as a percentage of the total amount of the sale, plus $0.30 per order. StockX acts as the middleman, meaning once your sneakers sell and you ship them to a StockX warehouse you are paid out. 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. Please keep in mind that not all optional listing upgrades are available with every listing tool and not all optional listing upgrades may be displayed across all our sites, services, applications, and tools. If this post or any other was helpful, please enrich the community by giving kudos or accepting it as a solution. Similar to Flight Club, Stadium Goods is a consigner that has a significant online presence. The $0.30 per order is not charged. Newly Improved Ebay & Etsy Import System. If you need to refund the buyer or cancel the sale, you may be eligible for fee credits as per our fee credits policy. Additionally, authentication fees and duties (if you're an international shopper) can potentially add a significant price bump to any purchase. This means it is most likely that your fees will be higher when selling on Grailed than on Ebay once you account for shipping. This was a listing from a user with no feedback, selling an expensive sweater from The Elder Statesman, and only using stock photos from the brands own website. Even though I've listed items plenty of times, I still make mistakes. Deduction on ebay fee for outstanding seller levels and performance. Then once properly authenticated, the item is shipped and the seller is paid. For comparison, StockX brought in about $700 million last year, though that includes its other categories, which make up a smaller portion of the companys total revenue. How to Get Your Grailed Fees Waived Now [98% Success] 37 19 19 comments Best Add a Comment Go to your, If your rate of 'Item not as described' return requests is evaluated in your. Here are a few options to try. The short explanation is: both eBay fees and Mercari fees are roughly 13 percent. Scott Cutler, CEO of streetwear resale platform StockX, tells Rolling Stone that in order to maximize resale value, it is critical that sellers keep products in deadstock or new condition. Cons If you offer 1-day or international shipping as well as a cheaper or free option (like domestic shipping), the total amount of the sale is calculated based on the cheapest domestic option you offer. Links to our international fees pages: Australia - opens in new window or tab | United Kingdom - opens in new window or tab | Canada - opens in new window or tab | Germany - opens in new window or tab | Spain - opens in new window or tab | France - opens in new window or tab | Italy - opens in new window or tab | Ireland - opens in new window or tab | Belgium (Dutch) - opens in new window or tab | Belgium (French) - opens in new window or tab | Austria - opens in new window or tab | Switzerland - opens in new window or tab | Netherlands - opens in new window or tab | Poland - opens in new window or tab | Greater China region - opens in new window or tab | All other countries - opens in new window or tab. For comparison, StockX brought in about $700 million last year, though that includes its other categories, which make up a smaller portion of . The move comes as eBay is in the midst of trying to, Sneakers are a key area for growth for eBay. Popular brands:Nike, Louis Vuitton, Visvim, Levis, Raf Simons, Good for selling:Luxury menswear, streetwear, and sneakers. Please read our Community Rules and Guidelines, Pay, shop, and do even more on the PayPal appGet the App. Cons Still, in terms of depth and variety, no one holds a candle to us. StockX only allows brand new merchandise, meaning anyone with once-worn or slightly used sneakers is out of luck. Fees: Grailed takes 6 percent as a commission. In this situation, the total amount of the sale is determined as follows: Additional final value fees may apply on sales in the following circumstances: Any additional final value fees will be calculated as a percentage of the total amount of the sale. Here is one of many Travis Scott burgers from McDonalds we saw posted when it was first released. If you use the Classified Ad format, scheduling a listing will cost $0.10. 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. eBay was founded in 1995, and it definitely shows in the user interface. That said, some sites work better than others. You can receive your payment through bank transfer, which takes one to five business days; or by debit card, which can take a few hours or up to one to three business days. We don't sell things, we only receive donations, yet some unknown partner is getting money that should be going to the non-profit. This is just speculation, but I'm guessing they'd pay out of their own pocket if they disagree with paypal in a case. Partner fees are seller fees assessed by the website an item is sold from and are not part of the fees for using our services to receive money. I was wondering if Grailed has a similar side with the buyer no matter what policy or if they actually value their sellers. First 250 listings free per month, then $0.35 per listing, Music (except VinylRecordsand Music NFTs categories), Clothing, Shoes & Accessories > Women > Women's Bags & Handbags, Jewelry & Watches (except Watches, Parts & Accessories), Jewelry & Watches > Watches, Parts & Accessories, Sports Mem, Cards & Fan Shop > Sports Trading Cards > Sport Trading Card NFTs, Toys & Hobbies > Collectible Card Games > CCG NFTs, Musical Instruments & Gear > Guitars & Basses. Both platforms allow people to buy and sell high-demand items such as streetwear and sneakers, but they differ in user interface, audience, commission rates, and fees, to name a few. A listing upgrade fee is charged with any additional upgrades to your listing, such as extra categories or bolded titles. We have come across some oddities which are cause for concern. Prices are generally fairhigher than other sites, thoughand the shopping process is relatively simple, granted the stock system is at times convoluted. For those that sell on other platforms, what does best on grailed? Today, the company sells everything from streetwear to watches and handbags, all of which are in brand new condition. Currently, eBay accounts pay for any final value fee between 3.5% to 12.55%, with the addition of $0.30 per order across most categories. All rights reserved. . Fee amounts are based on the terms in effect when the listing goes live and when it renews. Stock is limited to the product pages and catalogues the company has uploaded, meaning rare or highly specific product may be unavailable. After you've used your zero insertion fee allowance, insertion fees are: Good 'Til Cancelled listings are fixed price listings that renew automatically once per calendar month. 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. That said, higher fees and longer wait times make selling on StockX a longer process than competitors. In general, sellers tend to make less money per sale than with competitors. You may be charged final value fees if you violate our policy of buying or selling outside of eBay, or we may apply additional final value fees if you are not meeting our performance expectations. Do you have an eBay Store or want to sell vehicles? If you're in China, Hong Kong, Indonesia, Israel, Japan, Macau, Malaysia, Philippines, Singapore, Taiwan, Thailand, or Vietnam and your item isn't located in the US, the total amount of the sale is always calculated based on the shipping option your buyer chooses. The products work across all products and services in every city and state. For each time a transaction is made grailed takes a 9% commission of the sold price plus Paypal fees. If so, should I still have to worry about paying my eBay seller fees? Pros Getting paid:Etsys secure payment system allows sellers to accept credit and debit cards, Apple Pay, Etsy gift cards, Google Wallet, and PayPal. For men's athletic shoes, there's no final value fee if the pair sells. Date founded. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Between raffles, bots and surprise drop dates, managing to score the sneakers you actually want is more difficult than ever. Unfortunately not all sellers are as reliable as others, and it can be difficult to communicate with a seller once you have purchased a listing. No. just sit. Ebay | Grailed So how does this 9% fee stack up? Cons From StockX to eBay, these online marketplaces will help turn your clothes and kicks (and more) into cash, Got Unworn Kicks and Closet Castoffs? Create an account to follow your favorite communities and start taking part in conversations. According to the website, a grail is "the piece you obsess over but cannot ever find or afford." 20% difference. TheGrailed authentication pagedetails what is considers a high-risk item and this certainly meets the criteria. So it is still worth using Grailed? The fee is around 2.9% domestic and around 4.4% international. They do not make it clear what percentage of items are reviewed by humans, or how they determine which items to tag Digitally Authenticated, but they do claim every item is reviewed. Pros Hi, I'm a relatively new, but experienced eBay user with about a year (100~) worth of sales to show for it. However, with the new update, items sold after March 1, 2022, are now 12.9% + $0.30 for every order on most categories. Seller fees. For a monthly subscription, you can run your own eBay Store. 13.25% if total amount of the sale is less than $150. Please note that for international payments processed through PayPal, the payment processing fee may vary based on the location of the buyer's PayPal billing address. The 100 Greatest TV Shows of All Time How come. Its even worse considering that they certainly must know that this service doesnt provide any real value and is probably only being provided as a marketing tool and a way for them to justify charging sellers more money. Those below pay on a sliding scale, with the highest fees reaching 20 percent. As such, it is important that collectors and sellers maintain products in deadstock condition so that theyre able to realize these long-term value gains., If youre reselling hypebeast-beloved streetwear and athletic brands such as Supreme, Jordan, and Yeezy as well as in-demand collaborations with musicians like Travis Scott and Justin Bieber, Cutler says that inventory will typically see high demand and will appreciate over time. Enter the promotion percentage you are charged. Send us a tip using our anonymous form. Cons 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! The fee was raised from 6% in August. Does Grailed charge a payment processing fee? - Grailed Reserve price in select Business & Industrial categories: International site visibility for auction-style listings, International site visibility for fixed price listings. 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. In both cases, you're eligible for Paypal protection, which is what you seem to have an issue with. With a big marketing push, StockX has established itself as setting the market rate for many of the most hyped sneakers. 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EBay said that, while it does not authenticate sneakers, there are a variety of ways to report fakes found on the site. When you set your price for an item, it should account for shipping and a 9% commission for Grailed. Flight Club only deals in new sneakers. Sneaker prices vary by size, with the lowest price available for any given size listed first, with more expensive options for those who want sneakers as quickly as possible. Once youre approved, GOAT assigns each seller a seller score, which begins at 90. Kidizen Selling Fees: Kidizen selling fees are 12% + $0.50 of the sale price. The platform announced the change less than 24 hours before it was implemented. Consensus: Theres a reason Grailed has such an incredible user retention rate. Upgrades you have selected for your listing. 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. Every sneaker is in deadstock condition, meaning brand new, unworn in the original packaging. Here's how you can use DoNotPayto appeal fees: Saving time and money has never been so quick and easy. Grailed is free for buyers and sellers pay a low commission fee. The fees and benefits vary depending on the type of Store subscription you choose. Applications are accepted on a rolling basis and can take days to be processed. I've managed to keep 100% positive feedback, but found myself being forced to bend over backwards for some less than desirable buyers. There is even a petition on Change.org to reduce the fee to 7.5%. If you want to sell on Grailed, there is a 9% seller's fee. Get news and analysis about fashion, beauty and culture delivered to your inbox every morning. Charged whether or not your item sells. Grailed is a popular marketplace that is known for menswear! Appreciate the responses. For sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. On top of the fee structure, each sale invokes an additional flat region-dependent tax that ranges from $5-$30. This is a. 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 . If you want to sell on Grailed, there is a 9% seller's fee. Tip But as of Tuesday, sneakers no longer carry any selling fees for pairs sold for more than $100. eBay Cracks Down on Sneaker Counterfeits With Authenticity Guarantee Program See how it works. The Fight and Waive Fees product is just one of the many products DoNotPay offers that will save you time and money. Thanks in advance. . Again, due to a brick and mortar location and warehouse needs, Stadium Goods commands a 20 percent flat commission from every sale, sent once your sneakers have sold. Grailed additionally allows you to sell used sneakers as well, unlike competitors who only allow brand new ("deadstock") sneakers on site. The 200 Greatest Singers of All Time eBay's 2022 Seller Price Increases and Fees - OneShop Otherwise, we charge a notice fee, whether or not you carry out the sale with the buyer. For US domestic payments, there is a payment processing fee of 3.49% + .49 USD. Poshmark Vs. eBay Vs. Depop: The Ultimate Resale Site Showdown I hope this helps and thank you for joining the Community! On top of the fee structure, each sale invokes an additional flat region-dependent tax that ranges from $5-$30. And what are the best ways to make sure you get the most money back from your unworn wares? 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. Cons GOAT is significantly more complex for sellers than other platforms. If you're a registered 501(c)(3) non-profit, then our fee is2.2% + $0.30 per transaction. Copyright 2023 Penske Business Media, LLC. Okay, we knowwere putting ourselves at the top of the list. Partner Fees?! : r/Grailed - Reddit The amount we charge depends on the item's price, the format and category you choose for your listing, any optional listing upgrades you add, and your seller conduct and performance. Once you actually sell an item, GOAT (like StockX) sends you a prepaid shipping label to send the sneakers to an authentication center. You're selling a trading card for $9,500 with free shipping. The website offers a traditional retail experience, with worldwide shipping and simple buying mechanics, search functionality and so forth. Is it better than nothing? Grailed is currently made up of four marketplaces. Unfortunate. I do best on Ebay. PayPal fees are then added to that. Graileds 9% + 2.9% and 30 cent Paypal fee equates to 11.9% + 30 cents. If you list an item on another eBay site (for example, eBay.com.au or eBay.co.uk), the fees for that site will apply, Seller fees don't purchase exclusive rights to web pages on eBay. View cart for details. In the table below, you'll find the basic fees for items listed in most categories and the number of zero insertion fee listings you'll get each month. The self-described stock market of things StockX began as a marketplace to determine the actual aftermarket value of hyped sneakers. How it works: StockX works as a live marketplace where buyers place a Bid to dictate the maximum amount theyre willing to pay for a product, and sellers list items with an auction-style Ask price or a flat-rate Sell Now price. 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. till you get on grailedyou just wait. The Grailed marketplaceallows people to sell men's clothes, shoes, and accessories from high-end designers. A bustling thoroughfare of designer goods. There are a lot of optionsthough primarily newer releases and ultra-expensive grailsand buying is very straightforward, tax is even included! Grailed offers the lowest fees of any platform around at just nine percent (plus Paypal fees). For other items that sell, theres a final value fee of two to 12.85 percent depending on the products category. Newly Improved Ebay & Etsy Import System. Grailed is a true marketplace, meaning we dont offer a traditional SKU systembut we do have SKUs for a massive amount of in-demand sneakers, with more added regularly! An avenue for Grailed users to ask each other questions, offer tips for buying and selling, share steals, discuss favorite purchases, and build the community. Click Here To Try It NowClick Here For Tutorial. Would of chosen another payment method had I known I would get charged two fees. Like Flight Club, Stadium Goods lets consigners set their own prices, however works with them in order to try and match market cost. (Read our review about how to buy/sell sneakers on eBay here). Consensus: While an iconic destination, Flight Club is predominantly a retail experience. The bran will store your shoes and sell them on your behalf on its website, retail stores, or other sales channels. The higher the price premium, the bigger the hype.. Press question mark to learn the rest of the keyboard shortcuts. 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. Each sale henceforth affects your score, with 2 points added for a successful sale and 10 points deducted for a poor sale. Read more about our, Charged only once per listing for listings with multiple items. We may, in our sole discretion and without consent from or payment to sellers, display third-party advertisements (including links and references thereto) and listings from other sellers on any eBay page, Depending on the tax legislation of your country of residency, local Value Added Tax (VAT), Goods and Services Tax (GST) or similar consumption tax might apply in addition to your eBay fees. If you offer or reference your contact information or ask a buyer for their contact information in the context of buying or selling outside of eBay, you'll be charged a final value fee based on the total amount of the sale even if your item doesn't sell. GOAT is an online only sneaker site that sells both new and lightly used sneakers. I was so confused by this topic I called E-bay and the partner fees are for Sales Tax added to the price a buyer pays for instance I sold an item on E-bay for $12.00. Check out our top picks below. The higher of the two final value fees is charged, if your item sells, Reserve price 1999-2023 PayPal, Inc. All rights reserved. Between fees, prices, the ability to purchase slightly worn shoes for well below their going rate, no other site compares. There are many online marketplaces. 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. If you sign the petition, there may be a chance of getting the fee reduced. 2013. Plus, StockX physically authenticates every pair of shoes that gets sold on the platform. But heres the kicker; Ebay offers discounted shipping labels. If your registered address is in the US, the seller currency conversion charge applied and retained by eBay is 3%. We hate to say it, but if youre looking to buy or sell rare or vintage sneakers, theres no better place than Grailed. Enter the total amount charged for shipping to buyer. Our expert moderators ensure all listings posted for sale are 100% authentic. Do not waste your time searching for solutions when DoNotPay has you covered without all the work. Here are some more articles to check out from the Fight And Waive Fees product series. For that reason, there are other better alternatives. The $0.30 per order is not charged, 13.25% if total amount of the sale is less than $150, Building Materials & Supplies > Modular & Pre-Fabricated Buildings, No bids meet your reserve price, if you added one, Your item is listed in the Classified Ad format, $1.50 Classified Ads and Real Estate listings, If your account doesn't meet our minimum seller performance standards for the US in the evaluation on the 20th of the month, you'll be charged an additional 6% on the final value fees applicable to sales in the following calendar month. An example of a partner fee would be the website Grailed who currently charges a 6% fee for sales on their website. Here is a listing we came across when it was first listed. Pay, shop, and do even more on the PayPal app. For listing highly anticipated new releases. While Flight Club recommends prices, sellers are allowed to list their own, which means often sneakers are priced above market.