. 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. Good for selling:Streetwear and sneakers, Popular brands: Jordan, Nike, Supreme, Off-White, Yeezy. Here's how you can use DoNotPayto appeal fees: Saving time and money has never been so quick and easy. Whatever percentage you'd agreed to when deciding to promote your listing. 37 19 19 comments Best Add a Comment See how it works. If your items are relisted automatically, you'll be charged insertion and optional listing upgrade fees each time your item is relisted. Today, the company sells everything from streetwear to watches and handbags, all of which are in brand new condition. For listing mainstream brands that are well-known. Thanks in advance. So it is still worth using Grailed? help me please as this does not seem right. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. But eBay, in a play to siphon sellers from other players in the sneaker resale space, has dropped selling fees for sneakers entirely. You can enhance your listings to help make them stand out by adding certain features, such as a subtitle, or bold font. With their new Managed Payments format, that number will now be 12.35% + 30 cents. Sneakers are having a moment and are a top enthusiast category on the marketplace: on average, a pair of shoes is purchased on eBay every 1.5 seconds, Chan said. The item sells immediately for the Buy It Now price of $400. Our commission fee ensures that we can maintain a curated marketplace as well as develop new tools and features for both buying and selling on Grailed. Tax and shipping are tacked on after a purchase, and the store ships to most countries, though at a cost. Additionally, authentication fees and duties (if you're an international shopper) can potentially add a significant price bump to any purchase. Cons I am also and have no idea why. While Ebay has its own flaws, Grailed no longer offers any real advantage to sellers since raising the Grailed fee. You select a starting price of $199, with a Buy It Now price of $400, and you offer free shipping. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. If so, should I still have to worry about paying my eBay seller fees? Check out some of the other product series and discover how you can save time and money using DoNotPay. Also, since StockX authenticates every item in-house in one of many warehouses, products can sometimes take a number of weeks to arrive, and overheard (albeit indirectly) leads to steeper costs. The fee was raised from 6% in August. To attract the attention of more buyers, you add the Bold listing upgrade. Etsy also offers tools to help sellers manage and promote their online businesses, and Etsy lets you take advantage of shipping discounts. If your registered address is in the US, the seller currency conversion charge applied and retained by eBay is 3%. With their new Managed Payments format, that number will now be 12.35% + 30 cents. Commission and selling fees:For sellers listing 200 items or less, eBay does not charge an insertion or listing fee. The bran will store your shoes and sell them on your behalf on its website, retail stores, or other sales channels. Tip Insane. These listings count towards your monthly zero insertion fee listings. As of now, Stadium Goods does not allow consignors to drop off streetwear, despite the fact it sells it. Get news and analysis about fashion, beauty and culture delivered to your inbox every morning. But heres the kicker; Ebay offers discounted shipping labels. However, you can also use a third-party shipping site to get the discounted rate, regardless of whether you sell on Ebay or Grailed. Keep reading to find out how you can save time and money using DoNotPay, and check out these articles from the Fight and Waive Fees product series. The first thing you should know is that Grailed does not personally inspect any items. Browse the most sought after Ebay clothing including Short Sleeve T-Shirts, Light Jackets, Hats, & more. Click Here To Try! How it works: Sellers are responsible for all listing details, including descriptions and photographs. 1, 3, 5, 7, or 10-day listing (1 and 3-day auction-style listings cost an additional $1). The 500 Greatest Songs of All Time But as of Tuesday, sneakers no longer carry any selling fees for pairs sold for more than $100. Is the partner fee basically the eBay fees when an item sells? As Flight Club is a true consignor, you are only paid once your sneakers sell. Given our current sneaker climate and demand far outweighing supply, the converse is true as well. When a seller sells something on Grailed, our fee is deducted within the transaction itselfand then Grailed's 6% partner fee is deducted separately. 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. All that said, I doubt Grailed actually offers their own 'protection' in many cases, if at all. I have only used Ebay and Grailed. If your registered address is not in the US, please refer to the fee page for your country or region of residence for your seller currency conversion charge information. Send us a tip using our anonymous form. The partner fee is the fee you're charged for "promoting" your listing on eBay. DoNotPay will generate the best argument for your case and make sure your fee waiver request gets sent to the merchant for processing. Select the merchant you want to appeal fees for and enter the details of your transaction, including an associated account if you have one. Still, in terms of depth and variety, no one holds a candle to us. 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 . For that reason, there are other better alternatives. Charged per listing and per category. Once rivals in the space, early last year GOAT and consignment shop Flight Club merged into one company. 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. Do you know who does not physically authenticate ANY items? 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. 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! Click Here To Try It NowClick Here For Tutorial. To support this change and bring more attention to its sneaker category, eBay began dropping a new colorway of the Yeezy 700 for below the retail price every day since Tuesday. So if you take the Sold price - Shipping (Grailed Label) - Grailed Fee - Paypal Fee = $434.09 Your ultimate amount released to your Paypal Account. If your item sells, youll receive a pre-paid shipping label and your item will be authenticated before its shipped to the seller. Nothing mentioned before payment was made. 9%. Is it better than nothing? Why am i paying 11 partners fee for a 36 order? 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. Worth noting, on any site your likelihood of being scammed increases if you're selling hype items that appeal to a younger audience. Another (Celine) Portrait: See Bob Dylan in Fashion Brand's Latest 'Performer' Series. In order to sell, a user must fill out a sell form by finding the product and listing it on the website. Good for selling:Vintage and new clothing, sneakers, collectibles, music memorabilia, Popular brands:Jordan, Yeezy, Nike, Adidas, New Balance. When you set your price for an item, it should account for shipping and a 9% commission for Grailed. Most of my sales are on ebay and luxury (like saint laurent) and hype (supreme) does best there. 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. It's absolutely terrible for the seller. Appreciate the responses. Plus, StockX physically authenticates every pair of shoes that gets sold on the platform. "by the website an item is sold from".. for me, this is ebay. The conversion charge is a fixed percentage applied to the base exchange rate and retained by eBay. The amount you pay depends on the listing package you choose Basic, Premium, or Plus. 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. Grailed takes a commission when your items sell. EDIT: To clarify, I'm only selling new, unused products. © 2023 Copyright Finalfees. If you sign the petition, there may be a chance of getting the fee reduced. Home cleaning often comes with the realization that youve amassed way too much stuff including in your wardrobe. An example of a partner fee would be the website Grailed who currently charges a 6% fee for sales on their website. Beyond the most recent drops, vintage models such as 1985 Air Jordan 1s or early 2000s Nike SB Dunkssneakers competitors either do not have or simply cannot sourceregularly appear on the platform. Select the payment method you received based on buyer's location. The fee was raised from 6% in August. Enter the tax percentage you are charged. The fees for these optional listing upgrades vary depending on your item's price and the listing format and duration. The Grailed marketplaceallows people to sell men's clothes, shoes, and accessories from high-end designers. The Total paid into my PayPal account was $17.16 as shown. Competing on selling fees is also important since eBay does not compete with other resellers on authentication. 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. A listing upgrade fee is charged with any additional upgrades to your listing, such as extra categories or bolded titles. Sneaker resellers have more options than ever and between consignment shops and marketplaces, there are countless ways to flip sneakers. Good for selling:Vintage items (including clothing, accessories, and music memorabilia), handmade goods, and craft supplies. Free for many users to make an account, Grailed offers low fees for sellers. The wesite I sold my record from charges 200 sek for that but but Paypal made it 250 sek. Growing the Grailed community to foster a . eBay's transaction exchange rate is composed of a base exchange rate plus a conversion charge. GOAT is significantly more complex for sellers than other platforms. Pros There is even a petition on Change.org to reduce the fee to 7.5%. If you're a registered 501(c)(3) non-profit, then our fee is2.2% + $0.30 per transaction. For listing high-quality goods that are coveted. Sit back and relax while we do the work. - See: Notes for Good Til Cancelled listings, Fees for selling a vehicle on eBay Motors, fee page for your country or region of residence, Commercial, Residential, and Other Real Estate, Auction-style listings 1, 3, 5, 7 and 10-day duration, Fixed price listings Good 'Til Cancelled. If you love high-end designer men's fashion but thought you couldn't afford it, then Grailed is the place for you. For sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. This does not make any sense. EDIT: To clarify, I'm only selling new, unused products. 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. The fee is around 2.9% domestic and around 4.4% international. To list an item, there are 13 required fields, and at least 20 more optional ones. 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. 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. StockX only allows brand new merchandise, meaning anyone with once-worn or slightly used sneakers is out of luck. For men's athletic shoes, there's no final value fee if the pair sells. That said, some sites work better than others. How can i find who is taking this money out of my account. (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). Unfortunate. 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. eBay has 3 types of fees: Final Value Fee, Insertion Fee and Listing Upgrade Fee. 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. No. 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. Reserve price in select Business & Industrial categories: International site visibility for auction-style listings, International site visibility for fixed price listings. Each sale henceforth affects your score, with 2 points added for a successful sale and 10 points deducted for a poor sale. Unlike other websites, GOAT functions differently as it is predominantly geared towards buyers. By browsing this website, you consent to the use of cookies. With a big marketing push, StockX has established itself as setting the market rate for many of the most hyped sneakers. Once you actually sell an item, GOAT (like StockX) sends you a prepaid shipping label to send the sneakers to an authentication center. 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. Deduction on ebay fee for outstanding seller levels and performance. Grailedhas recently faced some backlash from users after raising their fee / commission to 9%. EBay typically charges around 10% of the items sale value, with variations based on the product sold and the sellers account tier. The delivery address for the item (entered by the buyer during checkout) is outside the US, The buyer's registered address is outside the US (regardless of the delivery address for the item), If you use supplemental services, such as buying and printing, Sellers may be invoiced for fees under certain circumstances, The fees on this page apply to listings on eBay.com. I am very sorry for any confusion this may have caused you, and the best place to look for the terms for this fee and how it is totaled would be on the service you used to sell the item. Ebay is the most obvious competitor to compare against. While we are adding product categories everyday, the majority of products are spread across multiple listings rather than all located under one landing page. We charge one final value fee when your item sells, and you don't have to worry about third-party payment processing fees. 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 . For those looking for cheap footwear options or shoes below market, GOAT can be difficult. They usually view the seller as guilty until proven innocent. When you set your price for an item, it should account for shipping and a 9% commission for Grailed. For US domestic payments, there is a payment processing fee of 3.49% + .49 USD. I do best on Ebay. If you are found responsible for a disputed amount as per eBay policies (e.g., chargeback), we charge a $20.00 dispute fee, excluding sales tax, for each dispute. 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. For those in the New York area, selling requires almost no overhead and is very straightforward. After the center verifies the item, your funds are released and are available as Credits. In order to cash out, an additional 2.9 percent fee is applied, meaning in order for you funds to hit you bank or PayPal account theres a minimum 12.4 percent fee plus an additional $5 minimum charge. How it works:Sellers are responsible for photographing and listing their items to their shop on Etsys marketplace. Grailed is a popular marketplace that is known for menswear! 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. These platforms have invested heavily in expanding their internal authentication teams, citing consumer trust as a valuable asset to cultivate. TheGrailed authentication pagedetails what is considers a high-risk item and this certainly meets the criteria. If youre looking to cop a pair of hyped sneakers online, its great. You make $343.17, or approximately 86% of the sale price, not including shipping costs. First, potential sellers must apply in order to list items on the website. I was wondering if Grailed has a similar side with the buyer no matter what policy or if they actually value their sellers. 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. Buying sneakersnew or otherwisecan be a challenge. How to Get Your Grailed Fees Waived Effortlessly. Enter the total amount charged for shipping to buyer. For each time a transaction is made grailed takes a 9% commission of the sold price plus Paypal fees. For those searching for mainstream new or lightly used sneakers, GOAT is a solid place to buy. Even though I've listed items plenty of times, I still make mistakes. Sneakers are a key area for growth for eBay. On top of the fee structure, each sale invokes an additional flat region-dependent tax that ranges from $5-$30. Its terribly misleading to potential buyers and a real shame if the cost of this service contributed to them deciding to increase their fee. *2022 Update*As of January 19, 2022, Ebay has reinstated a final value fee for sneakers. Grailed is currently made up of four marketplaces. After being the original spot that both collectors and flippers turned to to buy and sell coveted sneakers, eBay became just one of many in the space after platforms like GOAT, StockX and Grailed entered the market. This means it is most likely that your fees will be higher when selling on Grailed than on Ebay once you account for shipping. plus any PayPal fees. I need some help please. just sit. 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. 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. Grailed additionally allows you to sell used sneakers as well, unlike competitors who only allow brand new ("deadstock") sneakers on site. Also, as a true marketplace, sneakers are often mislabeled, however our product team is rolling out a slew of new features including auto-fill sell forms and product pages to minimize the issue. 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. Otherwise, we charge a notice fee, whether or not you carry out the sale with the buyer. 10 people found this solution to be helpful. The only true sneaker marketplace, you can communicate directly with your potential buyer, inducting them into the Grailed community. Lets start with the obvious, that 9% fee. All rights reserved. Here is an overview of fees, credits, and invoices on eBay. 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. Those below pay on a sliding scale, with the highest fees reaching 20 percent. Free for many users to make an account, Grailed offers low fees for sellers. Learn more about how zero insertion fee listings work, including the terms and exclusions for those listings. 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. 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. 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. We charge an insertion fee and applicable optional listing upgrade fees when you list your item for the first time, and each time it renews. ABOUT EBAY FEES. I wonder how these made it through the filter if every item is reviewed? We'll indicate which listings are subject to additional fees on your Account Summary - opens in new window or tab. 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. Fees for Real Estate listings include an insertion fee, a notice fee, and fees for any optional listing upgrades you choose. At StockX, we only accept deadstock products meaning all sneakers, apparel, accessories, collectibles, and electronics must be authentic, new, and unworn., As a general rule, the resale values of coveted deadstock items that trade on StockX tend to appreciate over time, Cutler continues. How it works: Sellers list sneakers that they want to sell via consignment through Stadium Goods Seller Portal. Do not waste your time searching for solutions when DoNotPay has you covered without all the work. Popular brands:Nike, Louis Vuitton, Visvim, Levis, Raf Simons, Good for selling:Luxury menswear, streetwear, and sneakers. Graileds digital moderators authenticate all items before they hit the marketplace, and the platform will also notify sellers if potential buyers ask questions or submit offers on items. At the end of the day, its a worthless service, and the time and money would be better spent elsewhere.

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