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That said, if you maintain a high seller score, deal predominantly in new sneakersthough GOAT does allow used pairs as wellthen you can potentially make money. But eBay, in a play to siphon sellers from other players in the sneaker resale space, has dropped selling fees for sneakers entirely. Paypal already charges 2% fee and on top of it charge another fee under title of "partner fee". grailed is easier to use for the most part and fees are either on par or lower. That's less than half a percent difference, in favor of Grailed. Grailed's 9% + 2.9% and 30 cent Paypal fee equates to 11.9% + 30 cents. For popular sneakers, they almost always have stock. 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Curious where everyone sells and what, I'm looking to get into other platforms. Its terribly misleading to potential buyers and a real shame if the cost of this service contributed to them deciding to increase their fee. 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? Pros View cart for details. All of the products offered by DoNotPaywill save your time and money wherever you are and wherever you do business. An order is defined as any number of items purchased by the same buyer at checkout with the same shipping method. You are meeting our performance expectations. The conversion charge is a fixed percentage applied to the base exchange rate and retained by eBay. One of the first sneaker consignment shops, Flight Club transformed from a simple retailer to a powerful online sneaker buying and selling platform. Today, the company sells everything from streetwear to watches and handbags, all of which are in brand new condition. Since Flight Club is still technically a brick and mortar store, prices tend to be a bit steeperthey have to cover rent and inventory. Another (Celine) Portrait: See Bob Dylan in Fashion Brand's Latest 'Performer' Series. 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 sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. Once the item sells, the user ships it to an authentication center, or drops it off at one of only a handful physical locations. Here are a few options to try. If youre looking to cop a pair of hyped sneakers online, its great. Commission and selling fees : For sellers listing 200 items or less, eBay does not charge an insertion or listing fee. The fee was raised from 6% in August. The Fight and Waive Fees product is just one of the many products DoNotPay offers that will save you time and money. I wonder how these made it through the filter if every item is reviewed? Select the merchant you want to appeal fees for and enter the details of your transaction, including an associated account if you have one. When you set your price for an item, it should account for shipping and a 9% commission for Grailed. For each time a transaction is made grailed takes a 9% commission of the sold price plus Paypal fees. We've outlined the differences below. Consensus: From a buyers perspective, GOAT is great. 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. Sneaker resellers have more options than ever and between consignment shops and marketplaces, there are countless ways to flip sneakers. 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. Listing items is not for the faint of heart. While the fees are a terrible deal for sellers, the lack of protection is bad for victims of fraud. Pros It seems like no matter what the issue is with the transaction, eBay will always side with the buyer. So it is still worth using Grailed? For listing mainstream brands that are well-known. How to Get Your Grailed Fees Waived Effortlessly. Create an account to follow your favorite communities and start taking part in conversations. Buying sneakersnew or otherwisecan be a challenge. Etsy also offers tools to help sellers manage and promote their online businesses, and Etsy lets you take advantage of shipping discounts. 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. 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. 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. When the item sells on eBay.de, eBay will calculate your payout amount by converting the sales proceeds from EUR to USD using the transaction exchange rate applicable at the time of the sale. Commission and fees:Listing fee of 20 cents, five percent transaction fee, payment processing fee of three percent plus 25 cents. Pros For a monthly subscription, you can run your own eBay Store. Getting paid:Some of the most common payment methods include PayPal, credit or debit cards, and Apple and Google Pay. You're selling the latest version of a smartphone in used condition using a 10-day duration. Even if you went an easier route with StockX, they charge 9.5% (or less) and you dont even have to pay to ship your shoes, they provide a label, which means they are definitely cheaper than the Grailed fee as well. Well discuss authentication in detail below, and we dont have any new major seller features yet. We have helped over 300,000 people with their problems. core (like nike sneakers, sweats etc.) These listings count towards your monthly zero insertion fee listings. Those below pay on a sliding scale, with the highest fees reaching 20 percent. As previously mentioned it is predominantly geared towards buyers and with a sliding fee scale that maxes out at nearly 20 percent, the website eats into your profit margin. Even though I've listed items plenty of times, I still make mistakes. You're selling a trading card for $9,500 with free shipping. 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. E-bay will pull their fees when they invoice me at the end of the month. The site claims the increase was to improve the marketplace experience for all users. 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. The fees for selling a vehicle on eBay Motors are different from the fees for selling items in other categories. 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. Is it a complete waste of time and resources for them? What are the seller fees? This is a. Copyright 1995-2023 eBay Inc. All Rights Reserved. Seller fees. That said, our team of round the clock moderators and community team are constantly working to ensure that items are received in a timely manner. 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. Tip Pros Still, in terms of depth and variety, no one holds a candle to us. Hi, I'm a relatively new, but experienced eBay user with about a year (100~) worth of sales to show for it. Worth noting, on any site your likelihood of being scammed increases if you're selling hype items that appeal to a younger audience. The platform uses PayPal to process payments, so you will have to pay a PayPal seller's feeas well. The short explanation is: both eBay fees and Mercari fees are roughly 13 percent. The fee was raised from 6% in August. 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. 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. Grailed is the preeminent marketplace for mens fashion and streetwearobviously, that includes sneakers. A comparison of marketplace fees on eBay, Poshmark, Mercari, Etsy, Facebook Marketplace and more. Plus, StockX physically authenticates every pair of shoes that gets sold on the platform. Once rivals in the space, early last year GOAT and consignment shop Flight Club merged into one company. Growing the Grailed community to foster a . Shopping at either the website or brick and mortar locations is reminiscent of a traditional ecommerce or retail experience, respectively. I do best on Ebay. In order to sell, a user must fill out a sell form by finding the product and listing it on the website. We want to hear it. Ebay has been charging a 10% fee for quite a while, and Paypal charges 2.9% + 30 cents per transaction = 12.9% + 30 cents. The amount you pay depends on the listing package you choose Basic, Premium, or Plus. Fees: Grailed takes 6 percent as a commission. That said, some sites work better than others. 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. Good for selling:Streetwear and sneakers, Popular brands: Jordan, Nike, Supreme, Off-White, Yeezy. 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. According to eBay, I was also charge the final value fees as well I feel like BH Im being charged twice. Grailed puts your grail within reach. eBay was founded in 1995, and it definitely shows in the user interface. Thanks in advance. Gallery Plus Privacy Policy. You've already used your allocation of zero insertion fee listings this month, and your seller account is meeting our performance expectations at the time your item sells. 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. Read more about our, Charged only once per listing for listings with multiple items. Of course there would also be the operation cost of investigating the case themselves. It seems like no matter what the issue is with the transaction, eBay will always side with the buyer. 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. If you want to sell on Grailed, there is a 9% seller's fee. This can happen on any platform, of course, but Grailed is the only one with the lack of integrity to claim an item has been authenticated without ever actually seeing it. Good for selling: Streetwear and sneakers, celebrity collaborations, and collectibles, Popular brands:A Bathing Ape, Cactus Jack, Fear of God, Supreme. When you set your price for an item, it should account for shipping and a 9% commission for Grailed. For those in the New York area, selling requires almost no overhead and is very straightforward. Thankfully, a few websites cater to both buyers and sellers simultaneously, creating mutually beneficial ecosystems where buyers and sellers happily co-existin some cases, they are in fact one and the same. Competing on selling fees is also important since eBay does not compete with other resellers on authentication. Commission rate. For vehicles, see our Motors fees. 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. For sellers, Grailed feeshave gone up to 9%. When a task is too time-consuming or confusing, the chances are that DoNotPay has a product for that. As Flight Club is a true consignor, you are only paid once your sneakers sell. Do you have an eBay Store or want to sell vehicles? Consensus: For those searching for exclusively deadstock sneakers, StockX is a good option. Enter the tax percentage you are charged. Once youre approved, GOAT assigns each seller a seller score, which begins at 90. Charged per listing and per category. I am also and have no idea why. Thanks in advance. Reddit and its partners use cookies and similar technologies to provide you with a better experience. An example of a partner fee would be the website Grailed who currently charges a 6% fee for sales on their website. The wesite I sold my record from charges 200 sek for that but but Paypal made it 250 sek. So how does this 9% fee stack up? I have only used Ebay and Grailed. Unlike other websites, GOAT functions differently as it is predominantly geared towards buyers. Cons StockX only allows brand new merchandise, meaning anyone with once-worn or slightly used sneakers is out of luck. 2023 Digiday Media. How can i find who is taking this money out of my account. 9%. EDIT: To clarify, I'm only selling new, unused products. Search "appeal fees" on DoNotPay, choose the Fight and Waive Fees product, and select the type of fee you want to appeal. Most of my sales are on ebay and luxury (like saint laurent) and hype (supreme) does best there. Lastly, our offer system allows you to directly negotiate with a seller to work towards an ideal price. StockX is less straightforward than competitors. 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. They usually view the seller as guilty until proven innocent. 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. 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. For men's athletic shoes, there's no final value fee if the pair sells. (Read our review about how to buy/sell sneakers on eBay here). 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). With their new Managed Payments format, that number will now be 12.35% + 30 cents. This means it is most likely that your fees will be higher when selling on Grailed than on Ebay once you account for shipping. The higher the price premium, the bigger the hype.. I hope this helps and thank you again for joining the Community! eBay Cracks Down on Sneaker Counterfeits With Authenticity Guarantee Program Cons For US domestic payments, there is a payment processing fee of 3.49% + .49 USD. 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. 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. Press J to jump to the feed. Graileds authentication process is a combination of human and machine moderation. And were still not done. However, with the new update, items sold after March 1, 2022, are now 12.9% + $0.30 for every order on most categories. eBay has 3 types of fees: Final Value Fee, Insertion Fee and Listing Upgrade Fee. Thats right, Grailed. 37 19 19 comments Best Add a Comment But, trust us, theres a reason behind the blatant bias and ego. Final value fee (13.25% of $424, + $0.30). We charge two main types of selling fees: an insertion fee when you create a listing, and a final value fee when your item sells. Whatever percentage you'd agreed to when deciding to promote your listing. 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. till you get on grailedyou just wait. Graileds 9% + 2.9% and 30 cent Paypal fee equates to 11.9% + 30 cents. But like the others, those interested in buying and selling may find the platform limiting. For buyers it is straightforward, however for sellers the high commission can eat away at profits. Ebay is the most obvious competitor to compare against. TheGrailed authentication pagedetails what is considers a high-risk item and this certainly meets the criteria. GOAT is significantly more complex for sellers than other platforms. Newly Improved Ebay & Etsy Import System. Here's how you can use DoNotPayto appeal fees: Saving time and money has never been so quick and easy. PayPal's seller's fee varies and is based on the location of the buyer's billing address. Many prospective online sellers tend to consider StockX vs. eBay, two of the most popular online resale sites. and our Then once properly authenticated, the item is shipped and the seller is paid. Cons For listing highly anticipated new releases. Ebay also still has a much bigger user base. the more you sell, the less you pay. Pros There are no fees for shopping or buying on Grailed. Pros 8% if total amount of the sale is $150 or more. Here is one of many Travis Scott burgers from McDonalds we saw posted when it was first released. I've been using Grailed since 2015 but the latest item I've sold, the fees came out to over 25% wtf. Is the partner fee basically the eBay fees when an item sells? Click Here To Try! 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 . It was raised on August 12th, 2020 from 6%. eBays listings allow sellers to specify multiple categories, item specifics, condition, and many other details. Our expert moderators ensure all listings posted for sale are 100% authentic. 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. Unfortunate. If you use the Classified Ad format, scheduling a listing will cost $0.10. For mens athletic shoes, theres no final value fee if the pair sells for $100 or more. 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. EBay said that, while it does not authenticate sneakers, there are a variety of ways to report fakes found on the site. How it works:Sellers are responsible for photographing and listing their items to their shop on Etsys marketplace. The Total paid into my PayPal account was $17.16 as shown. Payments are deposited directly into your bank account. Does Grailed charge a payment processing fee? All you have to do is connect with your eBay account and that's it. At the end of the day, its a worthless service, and the time and money would be better spent elsewhere. Many Grailed users are very upset about the fee increase and want to know how to fight or waive the fee. 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. The item was purchased for $25 and the partner fee was $2.00. Enter the total amount charged for shipping to buyer. 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. What separates eBay from other sellers is our strong partnerships with other brands. Commission and selling fees: Three percent processing fee plus a transaction fee of eight to nine-and-a-half percent, depending on the items final sale price. For more information, please see our

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