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Is it a complete waste of time and resources for them? And what are the best ways to make sure you get the most money back from your unworn wares? Getting paid: Youll be notified via email if your item sells, and you can then request a direct deposit payment (which takes three to five business days to process) to your bank account. Prices can be slightly higher than other platforms (a result of the high fee structure) and the catalogue gears predominantly towards new collaborations, hyped releases and ultra-expensive grails. Many prospective online sellers tend to consider StockX vs. eBay, two of the most popular online resale sites. You are meeting our performance expectations. The fee is around 2.9% domestic and around 4.4% international. 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. Search "appeal fees" on DoNotPay, choose the Fight and Waive Fees product, and select the type of fee you want to appeal. core (like nike sneakers, sweats etc.) The platform uses PayPal to process payments, so you will have to pay a PayPal seller's feeas well. If you only offer 1-day or international shipping but no cheaper option like domestic shipping, the total amount of the sale is calculated based on the service the buyer chooses. If you run out of free listings, a $0.30 . Kidizen Selling Fees: Kidizen selling fees are 12% + $0.50 of the sale price. my hype items never, I think its hard to sell unless you are the lowest priced. 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 . If your items are relisted automatically, you'll be charged insertion and optional listing upgrade fees each time your item is relisted. just wish they would launch more features for sellers rather than spending all their funding on curation stuff 4 joeharrisbeard 2 yr. ago Doesn't poshmark have ridiculous fees? Of course there would also be the operation cost of investigating the case themselves. All of the products offered by DoNotPaywill save your time and money wherever you are and wherever you do business. We've outlined the differences below. Read more about our, Charged only once per listing for listings with multiple items. help me please as this does not seem right. If your registered address is in the US, the seller currency conversion charge applied and retained by eBay is 3%. Once you factor in PayPal fees, Grailed becomes a problem. As of now, Stadium Goods does not allow consignors to drop off streetwear, despite the fact it sells it. Ebay also still has a much bigger user base. Well discuss authentication in detail below, and we dont have any new major seller features yet. For listing high-quality goods that are coveted. Our expert moderators ensure all listings posted for sale are 100% authentic. Here is an overview of fees, credits, and invoices on eBay. But as of Tuesday, sneakers no longer carry any selling fees for pairs sold for more than $100. For those searching for mainstream new or lightly used sneakers, GOAT is a solid place to buy. Final value fee (13.25% of $7,500, + 2.35% of $2,570, + $0.30). 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. Cons That said, higher fees and longer wait times make selling on StockX a longer process than competitors. There are many online marketplaces. But eBay, in a play to siphon sellers from other players in the sneaker resale space, has dropped selling fees for sneakers entirely. 1999-2023 PayPal, Inc. All rights reserved. Grailed fee: $3.03 ($1.80 Grailed commission + $1.23 payment processing fee) You make: $16.97 . I am scared to list half my inventory because of scammers and eBay's policies. 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. For that reason, there are other better alternatives. For anyone who has sold clothes through a reseller, selling fees are a natural part of the process, with platforms taking a percentage of a sale, a flat fee or a tiered fee based on a sellers frequency of selling. Commission rate. How to Get Your Grailed Fees Waived Effortlessly. There are a lot of optionsthough primarily newer releases and ultra-expensive grailsand buying is very straightforward, tax is even included! Your Guide to the Best Menswear Fashion Deals, But were not finished. Similar to Flight Club, Stadium Goods is a consigner that has a significant online presence. 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. 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. 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. Thank you so much for joining thePayPal Community, and I'm so sorry that the community was not able to answer your question. Grailed by the numbers. Youll also need to include all of the details such as the brand, size, material, condition, and more. Home cleaning often comes with the realization that youve amassed way too much stuff including in your wardrobe. 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. Graileds authentication process is a combination of human and machine moderation. For those looking for cheap footwear options or shoes below market, GOAT can be difficult. Fortunately, selling fees on Grailed are slightly lower than many other large selling sites such as eBay. Flight Club operates under a traditional consignment model. What are the seller fees? Getting paid:Some of the most common payment methods include PayPal, credit or debit cards, and Apple and Google Pay. 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. GOAT is an online only sneaker site that sells both new and lightly used sneakers. eBay Cracks Down on Sneaker Counterfeits With Authenticity Guarantee Program How come. What is Grailed's commission fee used for? Worth noting, on any site your likelihood of being scammed increases if you're selling hype items that appeal to a younger audience. 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. It was raised on August 12th, 2020 from 6%. Here is a listing we came across when it was first listed. If you compare them, you are sure to find one that has a more agreeable seller's fee. Getting paid:Etsys secure payment system allows sellers to accept credit and debit cards, Apple Pay, Etsy gift cards, Google Wallet, and PayPal. So it is still worth using Grailed? Now available on Google Chrome Web Store. While Ebay has its own flaws, Grailed no longer offers any real advantage to sellers since raising the Grailed fee. StockX fees operate on a sliding scale but range from 9.5 percent to 8 percent plus credit card fees depending on the users seller leveli.e. All Rights Reserved. For each time a transaction is made grailed takes a 9% commission of the sold price plus Paypal fees. Lastly, our offer system allows you to directly negotiate with a seller to work towards an ideal price. Thats less than half a percent difference, in favor of Grailed. With their new Managed Payments format, that number will now be 12.35% + 30 cents. 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. These platforms have, expanding their internal authentication teams, PFW Briefing: Lanvin digs into archives for partnership with beauty brand Carita, Week in Review: Milan Fashion Week edition, JCPenney kicks off Prabal Gurung collab with a Meatpacking District pop-up, Glossy Pop Newsletter: The Bold Glamour filter and just how far fake beauty can go, Este Lauder Companies Fabrizio Freda ranks second on Overpaid CEOs list. The move comes as eBay is in the midst of trying to, Sneakers are a key area for growth for eBay. 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. 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) While Amazon charges nearly 15% and eBay isn't far behind at 13% Grailed charges close to 10%. Post any item for free. StockX acts as the middleman, meaning once your sneakers sell and you ship them to a StockX warehouse you are paid out. A dialog will open as you type your search terms. So, if you, Charged for the original listing and each time you choose to relist your item, Charged per listing if you create duplicate auction-style listings for identical items. The fee was raised from 6% in August. Does Grailed charge a payment processing fee? Consensus: For those searching for exclusively deadstock sneakers, StockX is a good option. See how it works. 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. As Flight Club is a true consignor, you are only paid once your sneakers sell. A partner fee is different from the PayPal fee for using our services to receive payments and will usually say in the transaction details. After your request is reviewed and approved, you can ship your item directly to Stadium Goods or drop it off at the companys Market Centers in Chicago and New York for inspection and verification. I apologize that I don't know what website you accept donations on or if they charge a fee independent from ours, but it looks like you're located in the US where our standard fee is 2.9% + $0.30 USD to receive payments. Here are a few options to try. Fees: Grailed takes 6 percent as a commission. An example of a partner fee would be the website Grailed who currently charges a 6% fee for sales on their website. If eBay converts your funds, the conversion will be completed at the transaction exchange rate we set for the relevant currency exchange. Grailedhas recently faced some backlash from users after raising their fee / commission to 9%. Whats great about the resale platform is that it offers real-time pricing data and buyers can see the price history of specific items. Copyright 2023 Penske Business Media, LLC. For men's athletic shoes, there's no final value fee if the pair sells. The products work across all products and services in every city and state. The fee was raised from 6% in August. A bustling thoroughfare of designer goods. The platform announced the change less than 24 hours before it was implemented. Grailed is free for buyers and sellers pay a low commission fee. This is a huge advantage for Ebay over Grailed. The bran will store your shoes and sell them on your behalf on its website, retail stores, or other sales channels. All rights reserved. Popular brands:Nike, Louis Vuitton, Visvim, Levis, Raf Simons, Good for selling:Luxury menswear, streetwear, and sneakers. Its terribly misleading to potential buyers and a real shame if the cost of this service contributed to them deciding to increase their fee. 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. For select categories, eBay also allows online escrow services, checks, money orders, and bank-to-bank transfers. Pros We have helped over 300,000 people with their problems. 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. If you need to refund the buyer or cancel the sale, you may be eligible for fee credits as per our fee credits policy. 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. Create an account to follow your favorite communities and start taking part in conversations. Flight Club is a true retailer, and since all product is onsite in either a store or a warehouse, turnaround times are quick. Here is one of many Travis Scott burgers from McDonalds we saw posted when it was first released. That's less than half a percent difference, in favor of Grailed. * 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. Once rivals in the space, early last year GOAT and consignment shop Flight Club merged into one company. 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. 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, some sites work better than others. If exchange rates are set by law or regulation, the base exchange rate reflects the government reference rates. One of the first sneaker consignment shops, Flight Club transformed from a simple retailer to a powerful online sneaker buying and selling platform. In an effort to compete with other sneakerhead-beloved resale platforms, the online auction giant also unveiled an authentication partnership with SneakerCon to verify popular items listed at $100 and up. Pros If your registered address is in the US, we charge an International fee if either: This fee is calculated as 1.65% of the total amount of the sale and is automatically deducted from your sales. Free for listings in the Art, Antiques, Collectibles, and Pottery & Glass categories, An insertion fee is always charged for the second category, and fees for any optional listing upgrades apply again. Enter the total amount charged for shipping to buyer. Privacy Policy. 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. Grailed takes a commission when your items sell. So how do we know who this partner is? We don't sell things, we only receive donations, yet some unknown partner is getting money that should be going to the non-profit. Good for selling: Streetwear and sneakers, celebrity collaborations, and collectibles, Popular brands:A Bathing Ape, Cactus Jack, Fear of God, Supreme. The $0.30 per order is not charged. Etsy also offers tools to help sellers manage and promote their online businesses, and Etsy lets you take advantage of shipping discounts. 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. The Total paid into my PayPal account was $17.16 as shown. But were not finished. The move comes as eBay is in the midst of trying to take back its prominence in the world of sneaker resale. 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. I need some help please. The item sells immediately for the Buy It Now price of $400. The higher the price premium, the bigger the hype.. Did you ever find an answer of why you are being charged a partner fee by ebay? We have come across some oddities which are cause for concern. PayPal fees are then added to that. You can now import hundreds of your sold listings in a heartbeat with all the fees & profits without having to do a thing! For vehicles, see our Motors fees. I was wondering if Grailed has a similar side with the buyer no matter what policy or if they actually value their sellers. The 100 Best Albums of 2022. 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. 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 . Flight Club only deals in new sneakers. When you set your price for an item, it should account for shipping and a 9% commission for Grailed. How it works:Sellers list their own items with at least three photos, details, and pricing, and then select categories such as Grailed, Hype, Sartorial, and Core. Why am i paying 11 partners fee for a 36 order? Sneakers are a key area for growth for eBay. There are no fees for shopping or buying on Grailed. The main reason users are so upset is because they feel like there was no warning. Cons Commission and fees:If your item sells, youll earn 80 percent of the list price. and our I says to find it in orders/ebay and it's not there, not hing i can find and any questions regarding this Partner fee directs me to this answer. The online marketplace exclusively for high-end men's designer clothes is Grailed. Whether youre paring down your closet to just the essentials, you need some extra cash, or youre making way for spring and summer style arrivals, weve rounded up the best places online to sell your clothing, footwear, and accessories.