For sellers, Grailed feeshave gone up to 9%. In general, sellers tend to make less money per sale than with competitors. This article will discuss how you may be able to fight or waive fees when selling on the Grailed marketplace and anywhere else you do business. The base exchange rate reflects rates within the wholesale currency markets applicable to the currency pairing on the day of the conversion, or the prior business day. Grailed is an online fasion marketplace focused on vintage, high-end, and popular street brands such as, Champion, Nike or Gucci. 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. 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 . The online marketplace exclusively for high-end men's designer clothes is Grailed. Additionally, authentication fees and duties (if you're an international shopper) can potentially add a significant price bump to any purchase. Heres another we randomly came across, nearly a year after this article was originally written. While technically one entity, each still operates independently and are seemingly autonomous. Flight Club only deals in new sneakers. Every sneaker is in deadstock condition, meaning brand new, unworn in the original packaging. 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. All you have to do is connect with your eBay account and that's it. 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. However, with the new update, items sold after March 1, 2022, are now 12.9% + $0.30 for every order on most categories. Like Flight Club, Stadium Goods lets consigners set their own prices, however works with them in order to try and match market cost. StockX is less straightforward than competitors. 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. Consensus: While convenient from a buyers perspective, like other consigners the steep 20 percent fee structure and lack of seller tools make Stadium Goods less than ideal. For example, if your registered address is in the US and you create a listing on eBay.de for which fees are due (such as insertion and/or optional listing upgrade fees), eBay will convert your funds from USD to EUR using the transaction exchange rate applicable at the time of listing, in order to collect these fees. 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. We have come across some oddities which are cause for concern. A partner fee is different from the PayPal fee for using our services to receive payments and will usually say in the transaction details. EBay drops all sneaker selling fees to compete with GOAT, StockX As such, it is important that collectors and sellers maintain products in deadstock condition so that theyre able to realize these long-term value gains., If youre reselling hypebeast-beloved streetwear and athletic brands such as Supreme, Jordan, and Yeezy as well as in-demand collaborations with musicians like Travis Scott and Justin Bieber, Cutler says that inventory will typically see high demand and will appreciate over time. Commission rate. Ebay has been charging a 10% fee for quite a while, and Paypal charges 2.9% + 30 cents per transaction = 12.9% + 30 cents. I am also and have no idea why. 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. We've outlined the differences below. Newly Improved Ebay & Etsy Import System. This does not make any sense. Absolutely. 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. eBay is an online marketplace where users buy and sell products. Its terribly misleading to potential buyers and a real shame if the cost of this service contributed to them deciding to increase their fee. PayPal fees are then added to that. If your registered address is not in the US, please refer to the fee page for your country or region of residence for your International fee information. Select the merchant you want to appeal fees for and enter the details of your transaction, including an associated account if you have one. Enter the total amount sold before fees & excluding shipping charges. (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). 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. 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. For comparison, StockX brought in about $700 million last year, though that includes its other categories, which make up a smaller portion of . core (like nike sneakers, sweats etc.) EDIT: To clarify, I'm only selling new, unused products. Grailed Fees : r/Grailed - reddit By browsing this website, you consent to the use of cookies. 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) 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. Be sure to also check out any relevant payment processing fees that may apply to your transaction. 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. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. StockX acts as the middleman, meaning once your sneakers sell and you ship them to a StockX warehouse you are paid out. An order is defined as any number of items purchased by the same buyer at checkout with the same shipping method. 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. PirateShipis our suggestion, and they make it easy to ship with USPS or UPS. There is even a petition on Change.org to reduce the fee to 7.5%. Once rivals in the space, early last year GOAT and consignment shop Flight Club merged into one company. I've been using Grailed since 2015 but the latest item I've sold, the fees came out to over 25% wtf. 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. A dialog will open as you type your search terms. Your Guide to the Best Menswear Fashion Deals, But were not finished. Good for selling:Vintage items (including clothing, accessories, and music memorabilia), handmade goods, and craft supplies. 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. https://www.finalfees.com is neither endorsed by nor affiliated with any with them, nor is the accuracy of its results guaranteed. Pros Deduction on ebay fee for outstanding seller levels and performance. The Grailed marketplaceallows people to sell men's clothes, shoes, and accessories from high-end designers. Currently, eBay accounts pay for any final value fee between 3.5% to 12.55%, with the addition of $0.30 per order across most categories. An example of a partner fee would be the website Grailed who currently charges a 6% fee for sales on their website. Check out our top picks below. *2022 Update*As of January 19, 2022, Ebay has reinstated a final value fee for sneakers. 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. Fees correlate directly with your seller score, with the lowest possible fees (9.5 percent) awarded to sellers with a score of 90 or above. Payments are deposited directly into your bank account. Do you have an eBay Store or want to sell vehicles? Flight Club operates under a traditional consignment model. For international payments, there is a payment processing fee of 4.99% + .49 USD. It will have seven more mystery drops daily starting on Thursday. The bran will store your shoes and sell them on your behalf on its website, retail stores, or other sales channels. 2023 Digiday Media. Sneakers are a key area for growth for eBay. Charged per listing and per category. Plus, StockX physically authenticates every pair of shoes that gets sold on the platform. And what are the best ways to make sure you get the most money back from your unworn wares? Good for selling: Streetwear and sneakers, celebrity collaborations, and collectibles, Popular brands:A Bathing Ape, Cactus Jack, Fear of God, Supreme. 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. 2013. We have helped over 300,000 people with their problems. 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. Pros An example of a partner fee would be the website Grailed who currently charges a 6% fee for sales on their website. This is a. I wonder how these made it through the filter if every item is reviewed? The seller has subsequently added some real photos, but the listing was posted and remained authenticated for two weeks while it only had the stock photos. grailed is easier to use for the most part and fees are either on par or lower. 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. Keep in mind that all these still depend on the subscription model of the seller. Getting paid:Etsys secure payment system allows sellers to accept credit and debit cards, Apple Pay, Etsy gift cards, Google Wallet, and PayPal. Pros For sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. To list an item, there are 13 required fields, and at least 20 more optional ones. For buyers, there are no fees for using the platform. Enter the total amount sold before fees & excluding shipping charges. Press question mark to learn the rest of the keyboard shortcuts. While Ebay has its own flaws, Grailed no longer offers any real advantage to sellers since raising the Grailed fee. If you love high-end designer men's fashion but thought you couldn't afford it, then Grailed is the place for you. 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. 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. 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 lower selling fees by an average of 10% across all categories. It seems like no matter what the issue is with the transaction, eBay will always side with the buyer. 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. As such, we included them separately. eBay has 3 types of fees: Final Value Fee, Insertion Fee and Listing Upgrade Fee. The Best Alternatives for Depop (2022) - SellerAider What separates eBay from other sellers is our strong partnerships with other brands. Grailed puts your grail within reach. eBays listings allow sellers to specify multiple categories, item specifics, condition, and many other details. * 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. 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 each time a transaction is made grailed takes a 9% commission of the sold price plus Paypal fees. There are a number of options to purchase, including a buy now feature or an ask, a binding contract akin to Grailed's "offer" system. I agree that Paypal protection can be one sided. EBay said that, while it does not authenticate sneakers, there are a variety of ways to report fakes found on the site. With their new Managed Payments format, that number will now be 12.35% + 30 cents. After you drop off your sneakers, Flight Club handles the rest as you sit back and get paid. It's absolutely terrible for the seller. 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. Search "appeal fees" on DoNotPay, choose the Fight and Waive Fees product, and select the type of fee you want to appeal. The site offers almost zero protection and all fraud cases are first worked through PayPal. I hope this helps and thank you again for joining the Community! They usually view the seller as guilty until proven innocent. The 500 Greatest Songs of All Time Once you factor in PayPal fees, Grailed becomes a problem. Grailed is a popular marketplace that is known for menswear! Fees for Real Estate listings include an insertion fee, a notice fee, and fees for any optional listing upgrades you choose. So if you take the Sold price - Shipping (Grailed Label) - Grailed Fee - Paypal Fee = $434.09 Your ultimate amount released to your Paypal Account. eBay offers competitive selling fees. Cons 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. We'll indicate which listings are subject to additional fees on your Account Summary - opens in new window or tab. Tags: jordan-brand, yeezy, adidas, nike, grailed, streetwear, resell, sneakers. 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. You may be charged final value fees if you violate our policy of buying or selling outside of eBay, or we may apply additional final value fees if you are not meeting our performance expectations. No matter which format you choose, there are some rules you should be aware of, so please take a moment to read our Real estate policy. Pick Up Some of These Gloves First, Tired of Standing? Fees: Grailed takes 6 percent as a commission. 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. 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. Enter the promotion percentage you are charged. 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. According to the website, a grail is "the piece you obsess over but cannot ever find or afford." For listing highly anticipated new releases. help me please as this does not seem right. and our All of the products offered by DoNotPaywill save your time and money wherever you are and wherever you do business. Seller fees. The 100 Best Albums of 2022. Grailed additionally allows you to sell used sneakers as well, unlike competitors who only allow brand new ("deadstock") sneakers on site. 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. I guess I was hoping to hear that "real" people work at Grailed and wouldn't just spit out the same generic responses while blindly siding with the buyer but it seems that dealing with scammers is a more common issue. Grailed takes a commission when your items sell. However, you can also use a third-party shipping site to get the discounted rate, regardless of whether you sell on Ebay or Grailed. Most of my sales are on ebay and luxury (like saint laurent) and hype (supreme) does best there. Copyright 1995-2023 eBay Inc. All Rights Reserved. For buyers it is straightforward, however for sellers the high commission can eat away at profits. 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! When you set your price for an item, it should account for shipping and a 9% commission for Grailed. Free for many users to make an account, Grailed offers low fees for sellers. eBay's 2022 Seller Price Increases and Fees - OneShop But how exactly do you sell clothing online? 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. The higher of the two final value fees is charged, if your item sells, Reserve price Grailed - Paypal But were not finished. Cons We want to hear it. Reserve price in select Business & Industrial categories: International site visibility for auction-style listings, International site visibility for fixed price listings. 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. Grailed is free for buyers and sellers pay a low commission fee. How it works: StockX works as a live marketplace where buyers place a Bid to dictate the maximum amount theyre willing to pay for a product, and sellers list items with an auction-style Ask price or a flat-rate Sell Now price. Stockx vs eBay: How to Sell Your Clothing and Sneakers Online - Rolling