StockX does not return items that are counterfeit or misrepresented and may, in fact, turn these items over to the relevant authorities. Does anyone else have experience with this? Find out more here. The company has also entered Chinas sneaker market. As a last resort, you can try selling them at a garage sale or a flea market. This page may contain affiliate links. It is harder to identify a fake streetwear item. These items include size, color, condition, and other parts of the invoice. Manufacturers actually audit for counterfeiting regularly, and they buy their own products from retailers all the time, according to Grinvald. Would StockX be held liable then? Shipping worldwide. Contact Us Selling on StockX. Therefore, this one of the most strict rules that StockX enforces. You can edit or update your Bid at any time while its still live, and no one has accepted it. ). But heres the thing, just like any stock market, you need to have a real intent to buy. Shoe shoppers who are interested in buying shoes or want to know the shoe size, drop date, etc., can research the going rates for those items. 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. The quality of authentic tags paint is clearly better than fake tags. Your email address will not be published. Every single pair of shoes offered for sale on StockX is guaranteed to be authentic and unworn. Copyright2023 - James McAllister Online. Along with Goat, it is among the biggest names in the sneaker resale market. All contents of the factory-sealed box must be present. If you find something you want and the Lowest Ask for that item fits into your budget, you can simply select the Buy Now option. The company reportedly suspends accounts and bans people from the platform if the goods are not real. You might also try listing them for sale on one of the many online sales and shopping sites (like Amazon, GOAT, or eBay). Scroll back up and check the Lowest Ask for the price as well. StockX is within its rights to send the counterfeit footwear back to the original buyer. But anything that resembles rips, tears, and deeper dents are automatically rejected. Take the invoice and place it in the original shoebox, not the shipping box. Unfortunately, the sneaker and athletic industries are not immune. StockX always wants buyers to get the items they ordered. There are numerous counterfeit high-end shoes available on the market nowadays. I have always been a shopaholic. Should your Bid fail, you will be required to enter a new payment method to complete your transaction. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. What Happens If StockX Doesnt Approve During Verification? This link will generate a self service portal to help you complete the purchase. Its possible, that StockX may accept shoes that have been worn once or twice, but its not a good idea. and our If you cant find a UPS drop off location near you, its also possible to schedule a pickup. Minor single corner damage Minor single corner crushing or minor lid rip Minor box wear and tear Examples of Box Conditions That Will Likely NOT Meet StockX Condition Standards Extensive crushing of one side/corner Missing part of the box or major rip Damage from animal presence Tape the UPS label on the outside of the shipping box, not the shoebox. If the shoes are returned to the seller, StockX will return them to the original owner. Unfortunately, fakes are a common occurrence on StockX. Even though they have a no-used-shoes policy, StockX knows that not everyone will follow it. Failure to complete a sale may result in a $15 charge to your account, or a fee equal to 15% of the transaction price and/or indefinite suspension of your account. Nike has only lately filed a lawsuit against the resale site for minting NFTs and trademark infringement. Used footwear sent to StockX may incur a 15 percent service fee, the company says. And be sure to put the original shoebox inside the shipping box. Thats never a good omen, so if you happen to come across those shoes again, you should send them back. This might sound like a clich, but in many ways, its true. (Full Details, Prices + More!). Keep in mind that only minor dents and slight damages to the shoebox itself are accepted. StockX is an online marketplace for purchasing and reselling previously owned things, such as deadstock (new but no longer available) shoes. The precise meaning of the term deadstock is up for debate. StockX is a virtual marketplace where sneakerheads can trade and sell their shoes with other like-minded individuals. You sign up for an account and list the sneakers or streetwear you want to sell. StockX does not allow returns. What Happens If StockX Doesn't Approve Your Item? Make sure that the barcode is not covered. Before we continue with the step-by-step instruction on how to properly package your shoes for StockX, keep in mind that you will need access to a printer. Their system is so fucked up theres nothing you or I can do about it. Enter the changes you want to make. Were just a marketplace! Are shoes worth less without the box? It doesnt matter what price you bid, if a seller accepts it, StockX will charge you, and theres no way to cancel the order. This is a crucial step as it ensures that every product . ), Does Applebees Take Apple Pay? This figure does not include weekends or holidays. Asks, Sell Now, shipping, verification and payment info. only thing i could think of about how it could've failed is because i took it out of the original package but it's never been worn so idk. Hip-hop icon and Detroit native Marshall Mathers (a.k.a., Eminem) is an investor in StockX, but his ownership percentage is not known. While its unlikely any further legal action would be taken against you (especially if its your first time selling counterfeit items and you didnt know they were counterfeit), you may be out for the total cost of the item. Here on JamesMcAllisterOnline.com, he shares his knowledge that brought him to where he is today. We recommend using a payment method that matches your shipping information as well as other information on your account. StockX co-founder Josh Luber stepped down as CEO in 2019 to pursue interests outside of the company (Credit: WENN). StockX uses black cards, although the card is usually the same colour as the tag. Once everything is authenticated, you will receive your payment. Instead of sellers sending items directly to buyers, they must first send them to a StockX verification center to be authenticated. 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). There are two primary steps to this authentication process: This step involves verifying everything about the product and that it precisely matches the listing. StockX - The live marketplace of current culture. StockX tries to enforce a two-day policy with sellers so your sneakers are not delayed. Are you planning on placing a bid on StockX? (It Depends), What Happens If Your Shoes Dont Pass Authentication On Goat? Finally, look for noticeable scratches on leather or rubber. Of course, Nike might not actually care about the counterfeiting of a few shoes unto itself as much as this lawsuit might imply. 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. StockX receives a pair of shoes resold on its platform and verifies that the shoes are authentic, even adding a special tag to mark their veracity. An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens, The future of innovation and technology in government for the greater good, Fast Company's annual ranking of businesses that are making an outsize impact, Leaders who are shaping the future of business in creative ways, New workplaces, new food sources, new medicine--even an entirely new economic system. Go to My Account on StockX and select Buying. Press J to jump to the feed. Note that before making any sales on StockX, make sure to read the terms and conditions. Because of this, it is crucial that you only sell genuine shoes on StockX and that you wrap them securely. I'm just angry and sort of scared since I'm a full time student and was selling the shoes in the first place so I could afford to eat this week, not so I could pay StockX $50 I don't have. Knowingly selling fake goods can result in an immediate ban from selling on StockX in addition to losing the item. However, they may also wish to pass off a fake item as real. Create an account to follow your favorite communities and start taking part in conversations. 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. Let us know in the comments section below. Save my name, email, and website in this browser for the next time I comment. Thats actually illegal as well. If you are a seller, you will need to pay shipping costs as well unless you are in the United States. Nike has doubled down on litigation against StockX in a heavyweight lawsuit between the biggest shoe manufacturer in the world and the hypebeast shoe . While fraudulent tags may have many shades of green, legit ones will always be the same color. Even shoes that have only been worn a few times can be purchased and resold on StockX. And show you what the shipping process looks like as well. Increase or decrease the bidding amount or the expiration date. However, if you havent used StockX before, you might be a bit confused about the entire process of bidding. 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. Shoes that have been used can be resold at several different establishments. More answers below Quora User Scroll down a bit and choose the duration of your Bid as well. However, its uncommon for a manufacturer to actually sue a retailer for selling products that may have been counterfeited. However, if you want to wait a little while for a better price, you have the option to bid on any item. It can only be cut. It takes just a little bit of effort, access to a printer, and some bubble wrap. Although there is a section on the StockX website dedicated to B-grades, StockX prohibits the acceptance of factory seconds there. StockX will refund the buyer if an order is not eligible and return the item to the seller. Depending on the exact reason StockX declines your . The site also accepts other payment methods, including PayPal, Apple Pay, Google Pay, Venmo, Alipay, Sofort, and iDEAL. (Nike and MSCHF settled before the case went to court, but many legal scholars sided with MSCHF, given that MSCHF had simply purchased and modified Nike shoes much like anyone could modify and resell a Ford Bronco. Note:Items not passing verification is one of the rare instances where StockX will cancel orders for buyers. Everything was intact when I sent them, even the paper they came wrapped in within the box. 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