Today, we are excited to launch a new marketplace update designed specifically for our European users. StockX does take out a transaction fee starting at about 10%, but as your seller level increases, the percentage decreases. However, the transaction fees do change according to four levels. Beginning on April 22, 2020, buyers on StockX will see a new 3% Processing Fee added to the purchase price of an item. For every transaction that occurs there is a 3% payment processing fee. Transaction Fee: 9% Starting April 22nd, all StockX buyers in the US will be charged a 3% processing fee. Change ), You are commenting using your Facebook account. There is also a minimum processing fee of $4.95 USD and a maximum fee of $29.95 USD. In addition to that, there is a fixed fee for payment processing, which is 3%. For all StockX sales there is a 3% payment processing fee, as well as a transaction fee that is dependent on the level of your seller account and the item you are selling. Originally published at https://getplugd.com on April 21, 2020. local consignment stores don’t charge taxes, WeWork’s Aftermath: Success as a Momentum Bet, Why Being Anywhere and Everywhere Drives the Smartest Consumer Strategies Today. What Is the Future of Premium Entertainment? Here at StockX, we’re always working towards delivering a better experience for our customers around the world. According to Ecommerce news ; 87% of UK’s retail purchases are made online(grocery shopping not included). ( Log Out /  Furlough extended until the end of October. The processing fee will be added to the sale price of the item you are purchasing and won’t include the shipping cost. The processing fee is fixed at 3% regardless of your status as a seller. First, would you give us some details? StockX revealed a new processing fee to customers today that will be added to the purchase price of an item. StockX will be implementing a 3% processing fee on all bids after April 22. If you’ve placed a bid before April 22nd, it won’t be subject to the fee. StockX’s Frequently Asked Questions page further explains the fee, stating the minimum fee charged will be $4.95 and the maximum fee is capped at … It collects a 3% processing fee, as well as transaction fees that range from 8% to 9.5% for sneakers and streetwear. Here’s what you’d see by using the Plugd app. University Fees next semester: Should students pay without the real experience. ( Log Out /  ", Deontay Wilder: Geared up for Tyson Fury fight, CELEBRITIES DONATING TO HELP STOP AUSTRALIAN FIRES, Jameela Jamil: ‘Photoshop Should be Illegal’, A man in his 30’s has been arrested in connection to the fifth Edmonton stabbing, Lewis Hamilton gifts Terminally ill boy own Formula 1 car. StockX has a fixed transaction fee … They deal in high-end fashion & street-end fashion, they refer to their items as dead-stock because they’re either vintage, sold-out at the original outlets or limited edition items. After that, StockX is responsible for delivering the package to the buyer. ( Log Out /  The processing fee will be added to the sale price of the item you are purchasing and won’t include the shipping cost. This includes StockX’s processing fee. We include shipping and fees upfront, so you know what you’ll need to pay. Buyers will be subject to an extra three-percent processing fee to their purchase while any bids that are placed prior to the aforementioned date will not be affected. Our calculator is valid when the Transaction Fee is $5.00 or more. The commission fee will be deducted from the seller’s listing price. Worse customer service and random fakes they let through (and never own up to missing)? We take a look at why these changes were implemented and what they could mean. For … Stockx has received complaints from customers over the outrageous processing fee in the UK, claiming it is ”overpriced and ridiculous” compared to other retail outlets like Pacsun, American Eagle, Macy’s, etc. Whether it is the super hyped up Air Yeezy 2, or a pair of general release Basketball shoes, StockX will have it. Plugd finds the best deals for you, by showing you prices from StockX, GOAT, Stadium Goods, Flight Club, Farfetch, and other local consignment shops. Prior to the company's expansion into Europe, StockX only advertised in the United States and accepted U.S dollars. This will go into effect on April 22nd. Change ), You are commenting using your Twitter account. Discord Fee Calculator Bot. Since StockX came onto the scene they have typically been the best deal as a trusted source of authenticated sneakers. For all StockX sales there is a 3% payment processing fee, as well as a transaction fee that is dependent on the level of your seller account and the item you are selling. The processing fee, on top the taxes they started charging last year, no longer makes them an obvious choice for finding authentic sneakers at the best prices. Beginning on April 22, 2020, buyers on StockX will see a new 3% Processing Fee added to the purchase price of an item . Well that’s what Stock X charge for processing shoes to the UK; Stockx is a live marketplace for buying and selling limited edition sneakers, watches, handbags, and street wear. The more you sell … Like eBay Inc. or other marketplaces, StockX charges sellers fees. The minimum processing fee for US orders will be $4.95 USD and the maximum fee is capped at $29.95 USD. Buy and sell the hottest sneakers including Adidas Yeezy and Retro Jordans, Supreme streetwear, trading cards, collectibles, designer handbags and luxury watches. As you sell more items, you gain the benefit of reduced fees, all based on your standing as a seller. I don’t mind spending £20 for processing shoes that come from America to the UK, but StockX are taking the piss £40 for processing fee ? Customers in the UK are infuriated over the processing fees as they claim it is ”ridiculous and overpriced” as seen in a tweet. For each time a transaction is made StockX collects 8% to 9.5% depending on seller's level and a 3% processing fee of the sold price. Personally it's getting to a point where doing business with StockX doesn't make much sense. Change ), Ponziiiiiiiiiii’s comment from discussion "Ridiculous StockX processing fee? There's already 9% (depending on your level) charged to sellers, plus a 3% payment processing fee. Compared to other international retail outlets Stockx seems to charge the most per item, majority of international retail outlets like pacsun, Macy’s, and Target charge based on weight. . StockX also leaned into its international growth by localizing in France, Italy and Germany which reduced processing fees and delivery times for its European customers. ", VintageBoost1’s comment from discussion "Ridiculous StockX processing fee? Details on the process the costs shipping times and why I wont ever buy shoes from them again. While StockX is undoubtedly very popular, some people find the processing and transaction fees to be high. Here are the different seller levels: Seller Level 2: Need to have sold three items. For all StockX sales there is a 3% payment processing fee, as well as a transaction fee that is dependent on the level of your seller account and the item you are selling. I assume, you have some free time in your weekends, and you want to earn money by spending that time on something which actually works and make you more money. Hopefully, you’ve found this article helpful in deciding whether you should trust StockX. StockX charges a three-per-cent fee for payment processing to all sellers and a transaction fee dependent on how much you use your account and the item you're selling. The commission fee can increase to 15% + seller fee and a maximum of 25% + seller fee depending on the number of seller cancellations and verification issues, as described in more detail below. StockX takes a cut of each sale made on its platform, charging a 3 percent processing fee and transaction fee of 8 percent to 9.5 percent or a flat fee for small sales. Sorry to interrupt Close this window. Transaction fees can be as high as 9.5 per cent for sellers rarely using the platform and as low as eight per cent for those that make 100 sales or $25,000 in sales in a year. This is my review of my 1st shopping experience with StockX. So as a buyer, what am I getting for this additional 3%? This page has an error. Change ), You are commenting using your Google account. The transaction fee is taken from the final price of your sale. You proceed to pay only for you to realise that the processing fee is $65 and immediately felt the need to turn off your device ? This is especially true since local consignment stores don’t charge taxes when shipping to other states. StockX statement. PayPal Fee Calculator. Have you ever seen a piece of clothing or shoe that you loved, looked at the price tag and it was okay. For first-time sellers, these fees are around 10%. There is also a minimum processing fee of $4.95 USD … If you haven’t already, make sure to download the Plugd app and subscribe below to stay updated on the latest features and product updates. The amount of the commission fee is 9.5% + seller fee for a seller in good standing. StockX New Processing Fee Policy | Its Effects On Indian Market . Everyone starts at Level 1 which has a 9.5% Transaction Fee. On April 22, 2020 StockX started charging a 3% processing fee for buyers. You proceed to pay only for you to realise that the processing fee is $65 and immediately felt the need to turn off your device ? With their unique authentication process this makes StockX stand out for being one of the safest sites to sell sneakers. Why This Author Is Taking a Stand Against Amazon’s Audiobook Monopoly, Apple’s Supply Chain — Why You Can’t Be Like Mike, All You Need to Know About Airbnb’s IPO Filing. StockX charges a 3 percent processing fee for all resellers, and a 9.5 percent transaction fee for new users, which decreases with experience. Digital archive created to preserve stories of Front-line workers. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. If you’d like to see any other features added or would like to be listed on Plugd, contact us at hello@getplugd.com. That’s ridiculous and overpriced.Pacsun, American eagle, macy’s don’t charge that much . StockX charges a commission on each sale made on the platform, charging a 3 percent processing fee and transaction fee of 8 percent to 9.5 percent or a flat fee for small sales. Street Sense, 7 months ago 0 3 min read 522 . Fun Fact: StockX added multiple payment methods including Apple Pay, Google Pay, Alipay and Venmo. Save my name, email, and website in this browser for the next time I comment. However, StockX is adding new fees in April which could change shopping habits. DETROIT, Nov. 17, 2020 /PRNewswire/ -- StockX today announced the opening of new authentication centers in Hong Kong and Toronto, further expanding the company's global footprint and its … StockX is an online sneaker marketplace where users sell their new or used pair of sneakers. Fifteen percent of the company's buyers were international, as of September 2018. Online shopping has become an essential part of our everyday life wherein it is convenient and it saves energy. The new luxury import fee on StockX could drastically change seller behavior. Today, StockX, the popular reselling platform, announced via email that they will be adding a new 3% Processing Fee to all purchases. ( Log Out /  StockX Selling Fees Explained. A StockX customer reacts to the processing fee in the video below; Stockx charge both on shipping and processing fees which has many consumers speculating shopping with them or going elsewhere. StockX makes money by collecting a 3% processing fee, plus transaction fees that range from 9.5% for sneakers and streetwear to 14.5% for handbags. Well, it is quite possible. Getting the Original. You might just need to refresh it. This new update allows us to match European buyers with European sellers to significantly reduce processing fees. The company states that bids before the date will not be affected by the upcoming fees. StockX charges a three-per-cent fee for payment processing to all sellers and a transaction fee dependent on how much you use your account and the item you’re selling. The Transaction Fee for bags is 14.5% and 9.9% for watches. StockX has always been the leading marketplace for deadstock (brand new) sneakers, hoodies, tees, and more. StockX also charges a Transaction Fee that depends on your seller level. Well that’s what Stock X charge for processing shoes to the UK; Stockx is a live marketplace for buying and selling limited … The transaction fee is taken from the final price of your sale. The more you sell … One thing to note here is that StockX charges certain processing fees. International orders will see their existing processing fee raised from 2% to 3%. Fakes they let through ( and never own up to missing ) missing ) thing... Up to missing ) a new processing fee is capped at $ 29.95 USD raised from 2 % 3! 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