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. Otherwise, we charge a notice fee, whether or not you carry out the sale with the buyer. For those looking to sell, you can either sign up on the Flight Club website and ship your sneakers to either the LA or NYC location, or choose to drop off the sneakers in store if you're local. Grailed is free for buyers and sellers pay a low commission fee. 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. If you love high-end designer men's fashion but thought you couldn't afford it, then Grailed is the place for you. Our commission fee ensures that we can maintain a curated marketplace as well as develop new tools and features for both buying and selling on Grailed. EBay typically charges around 10% of the items sale value, with variations based on the product sold and the sellers account tier. 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. You make $343.17, or approximately 86% of the sale price, not including shipping costs. We've outlined the differences below. Grailed fee: $3.03 ($1.80 Grailed commission + $1.23 payment processing fee) You make: $16.97 . The main reason users are so upset is because they feel like there was no warning. Real Estate listings can be auction-style, fixed price, or in the Classified Ad format. The fees for selling a vehicle on eBay Motors are different from the fees for selling items in other categories. If your category is not listed this means no additional deduction is given. eBay Cracks Down on Sneaker Counterfeits With Authenticity Guarantee Program With their new Managed Payments format, that number will now be 12.35% + 30 cents. eBay has 3 types of fees: Final Value Fee, Insertion Fee and Listing Upgrade Fee. Given our industry low fee structure, sneakers are legitimately cheaper on Grailed. Sneakers are a key area for growth for eBay. Copyright 1995-2023 eBay Inc. All Rights Reserved. Commission and fees:If your item sells, youll earn 80 percent of the list price. Sold an item for 220 bucks - they charged tax (automatically not something I asked for) and the partner fee was 50 bucks. On eBay, top sneaker stores like Stadium Goods are always open to a global audience across every time zone, so you can check out their eBay store to browse and buy the latest must-haves.. Lastly, our offer system allows you to directly negotiate with a seller to work towards an ideal price. Curious where everyone sells and what, I'm looking to get into other platforms. 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. How it was possibly authenticated is beyond comprehension. There are no fees for shopping or buying on Grailed. Stadium Goods is a similar experience to many other platforms, offering a wide array of sneakers varying in cost due to size and demand. DoNotPay will generate the best argument for your case and make sure your fee waiver request gets sent to the merchant for processing. Cookie Notice This fee is calculated as a percentage of the total amount of the sale, plus $0.30 per order. That said, some sites work better than others. Reserve price in select Business & Industrial categories: International site visibility for auction-style listings, International site visibility for fixed price listings. We may, in our sole discretion and without consent from or payment to sellers, display third-party advertisements (including links and references thereto) and listings from other sellers on any eBay page, Depending on the tax legislation of your country of residency, local Value Added Tax (VAT), Goods and Services Tax (GST) or similar consumption tax might apply in addition to your eBay fees. E-bay will pull their fees when they invoice me at the end of the month. Youll get paid through PayPal and use the payment platform to print a shipping label. (Read our review about how to buy/sell sneakers on eBay here). 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. Grailed's 9% + 2.9% and 30 cent Paypal fee equates to 11.9% + 30 cents. Grailed offers the lowest fees of any platform around at just nine percent (plus Paypal fees). Thanks in advance. Here are some more articles to check out from the Fight And Waive Fees product series. Similar to Flight Club, Stadium Goods is a consigner that has a significant online presence. 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. 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. the more you sell, the less you pay. For those searching for mainstream new or lightly used sneakers, GOAT is a solid place to buy. The move comes as eBay is in the midst of trying to take back its prominence in the world of sneaker resale. just sit. Getting paid:Some of the most common payment methods include PayPal, credit or debit cards, and Apple and Google Pay. Is it better than nothing? 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? I need some help please. All Rights reserved. Ebay is the most obvious competitor to compare against. This means it is most likely that your fees will be higher when selling on Grailed than on Ebay once you account for shipping. It was raised on August 12th, 2020 from 6%. However, you can also use a third-party shipping site to get the discounted rate, regardless of whether you sell on Ebay or Grailed. 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. https://www.finalfees.com is neither endorsed by nor affiliated with any with them, nor is the accuracy of its results guaranteed. 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. The 100 Greatest TV Shows of All Time Pros Pay, shop, and do even more on the PayPal app. As competition between all those players heats up, removing selling fees entirely is one way the company is looking to get back on top and stimulate its own internal sneaker economy. Sit back and relax while we do the work. But were not finished. Cons It will have seven more mystery drops daily starting on Thursday. The item sells immediately for the Buy It Now price of $400. The website offers a traditional retail experience, with worldwide shipping and simple buying mechanics, search functionality and so forth. The $0.30 per order is not charged. Listing items is not for the faint of heart. Free for many users to make an account, Grailed offers low fees for sellers. For listing highly anticipated new releases. 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. The online marketplace exclusively for high-end men's designer clothes is Grailed. eBay is an online marketplace where users buy and sell products. 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. The fees for these optional listing upgrades vary depending on your item's price and the listing format and duration. 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. See how it works. Pick out what category is your Ebay store. We want to hear it. Post any item for free. Privacy Policy. In an attempt to explain the increase, Grailed stated that they have been spending a lot of money on authenticating items, and that they will be investing further in improving the site for sellers. For sellers, GOAT is not an ideal website. Here is one of many Travis Scott burgers from McDonalds we saw posted when it was first released. 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. We don't sell things, we only receive donations, yet some unknown partner is getting money that should be going to the non-profit. 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. 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. According to the website, a grail is "the piece you obsess over but cannot ever find or afford." Whatever percentage you'd agreed to when deciding to promote your listing. Youll also need to include all of the details such as the brand, size, material, condition, and more. 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. But how exactly do you sell clothing online? Grailed by the numbers. When a seller sells something on Grailed, our fee is deducted within the transaction itselfand then Grailed's 6% partner fee is deducted separately. Something went wrong. Read more about, 13.25% on total amount of the sale up to $7,500 calculated per item, 2.35% on the portion of the sale over $7,500, 14.95% on total amount of the sale up to $7,500 calculated per item, 13.25% if total amount of the sale is $7,500 or less, calculated per item, 7% if total amount of the sale is over $7,500, calculated per item, 15% if total amount of the sale is $2,000 or less, calculated per item, 9% if total amount of the sale is over $2,000, calculated per item, 15% if total amount of the sale is $5,000 or less, calculated per item, 9% if total amount of the sale is over $5,000, calculated per item, 15% on total amount of the sale up to $1,000 calculated per item, 6.5% on the portion of the sale over $1,000 up to $7,500 calculated per item, 3% on the portion of the sale over $7,500, 3% on total amount of the sale up to $15,000 calculated per item, 0.5% on the portion of the sale over $15,000, 6.35% on total amount of the sale up to $7,500 calculated per item, 8% if total amount of the sale is $150 or more. The conversion charge is a fixed percentage applied to the base exchange rate and retained by eBay. But as of Tuesday, sneakers no longer carry any selling fees for pairs sold for more than $100. Nothing mentioned before payment was made. You're selling the latest version of a smartphone in used condition using a 10-day duration. Still, in terms of depth and variety, no one holds a candle to us. Even though I've listed items plenty of times, I still make mistakes. The platform announced the change less than 24 hours before it was implemented. Many prospective online sellers tend to consider StockX vs. eBay, two of the most popular online resale sites. There is not much chance the fee will be waived using any method. In order to sell, a user must fill out a sell form by finding the product and listing it on the website. Cons 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. 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. And were still not done. I do best on Ebay. Getting paid:Etsys secure payment system allows sellers to accept credit and debit cards, Apple Pay, Etsy gift cards, Google Wallet, and PayPal. When you set your price for an item, it should account for shipping and a 9% commission for Grailed. Cons Enter the tax percentage you are charged. For men's athletic shoes, there's no final value fee if the pair sells. How can i find who is taking this money out of my account. Heres another we randomly came across, nearly a year after this article was originally written. As of now, Stadium Goods does not allow consignors to drop off streetwear, despite the fact it sells it. An avenue for Grailed users to ask each other questions, offer tips for buying and selling, share steals, discuss favorite purchases, and build the community. The catalogue is similar to many competitors, and like many others only deals in brand new merchandise. Do you know who does not physically authenticate ANY items? StockX acts as the middleman, meaning once your sneakers sell and you ship them to a StockX warehouse you are paid out. 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. Enter the tax percentage you are charged. Since Flight Club is still technically a brick and mortar store, prices tend to be a bit steeperthey have to cover rent and inventory. You can now import hundreds of your sold listings in a heartbeat with all the fees & profits without having to do a thing! It seems like no matter what the issue is with the transaction, eBay will always side with the buyer. An example of a partner fee would be the website Grailed who currently charges a 6% fee for sales on their website. Unfortunate. 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. If youre looking to cop a pair of hyped sneakers online, its great. 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. Grailed's commission helps us maintain the marketplace to make buying and selling as easy as possible. 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. Check out our top picks below. Select the merchant you want to appeal fees for and enter the details of your transaction, including an associated account if you have one. Thanks in advance. Good for selling: New, unused good condition sneakers, Popular brands:Adidas, Jordan, Nike, Yeezy. 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. Getting paid:Payments through direct deposit or PayPal are subject to a 2.9 percent cash out fee. EBay said that, while it does not authenticate sneakers, there are a variety of ways to report fakes found on the site. eBay is an online marketplace where users buy and sell products. Newly Improved Ebay & Etsy Import System. 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. 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. Deduction on ebay fee for outstanding seller levels and performance. Consensus: While an iconic destination, Flight Club is predominantly a retail experience. In the table below, you'll find the basic fees for items listed in most categories and the number of zero insertion fee listings you'll get each month. Cons The fee was raised from 6% in August. Depending on your method of shipping, USPS labels will usually cost you about 15-40% less than what youll be paying if you purchase a label through Paypal. Flight Club is a true retailer, and since all product is onsite in either a store or a warehouse, turnaround times are quick. We'll indicate which listings are subject to additional fees on your Account Summary - opens in new window or tab. No. PirateShipis our suggestion, and they make it easy to ship with USPS or UPS. 2 4 4 comments Best Add a Comment If you sign the petition, there may be a chance of getting the fee reduced. The only true sneaker marketplace, you can communicate directly with your potential buyer, inducting them into the Grailed community. The website offers a traditional retail experience, with worldwide shipping and simple buying mechanics, search functionality and so forth. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. Thats less than half a percent difference, in favor of Grailed. While Amazon charges nearly 15% and eBay isn't far behind at 13% Grailed charges close to 10%. Your Guide to the Best Menswear Fashion Deals, But were not finished. Cons What are the seller fees? The site claims the increase was to improve the marketplace experience for all users. PayPal collected their fee .80 and pulled the $1.16 to pay the sales tax. 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. I agree that Paypal protection can be one sided. When the petition has gained enough attention, the platform may reevaluate the fee. All rights reserved. Search "appeal fees" on DoNotPay, choose the Fight and Waive Fees product, and select the type of fee you want to appeal. Learn more about how zero insertion fee listings work, including the terms and exclusions for those listings. 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. If so, should I still have to worry about paying my eBay seller fees? 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. In this situation, the total amount of the sale is determined as follows: Additional final value fees may apply on sales in the following circumstances: Any additional final value fees will be calculated as a percentage of the total amount of the sale. 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) 37 19 19 comments Best Add a Comment Of course there would also be the operation cost of investigating the case themselves. 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. Editors picks Upgrades you have selected for your listing. StockX only allows brand new merchandise, meaning anyone with once-worn or slightly used sneakers is out of luck. 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. Go to your, If your rate of 'Item not as described' return requests is evaluated in your. Who is this partner? I was wondering if Grailed has a similar side with the buyer no matter what policy or if they actually value their sellers. Many Grailed users are very upset about the fee increase and want to know how to fight or waive the fee. 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. Consensus: Theres a reason Grailed has such an incredible user retention rate. I've been using Grailed since 2015 but the latest item I've sold, the fees came out to over 25% wtf. Ebay has been charging a 10% fee for quite a while, and Paypal charges 2.9% + 30 cents per transaction = 12.9% + 30 cents. How it works:Prospective sellers need to fill out an application through GOATs app. If you're a registered 501(c)(3) non-profit, then our fee is2.2% + $0.30 per transaction. The Best Websites To Buy and Sell Sneakers. Copyright 2023 Penske Business Media, LLC. These platforms have invested heavily in expanding their internal authentication teams, citing consumer trust as a valuable asset to cultivate. Grailed is currently made up of four marketplaces. The first thing you should know is that Grailed does not personally inspect any items. Sneakers are a key area for growth for eBay. PayPal's seller's fee varies and is based on the location of the buyer's billing address. If exchange rates are set by law or regulation, the base exchange rate reflects the government reference rates. 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. We hate to say it, but if youre looking to buy or sell rare or vintage sneakers, theres no better place than Grailed. This is just speculation, but I'm guessing they'd pay out of their own pocket if they disagree with paypal in a case. You can add up to 24 photos with zoom and enlarge, as well as schedule your listings to start and end at a future date and time, free of charge. If you compare them, you are sure to find one that has a more agreeable seller's fee. I am scared to list half my inventory because of scammers and eBay's policies. The platform uses PayPal to process payments, so you will have to pay a PayPal seller's feeas well. I was wondering if Grailed has a similar side with the buyer no matter what policy or if they actually value their sellers. Pros While technically one entity, each still operates independently and are seemingly autonomous. Every sneaker is in deadstock condition, meaning brand new, unworn in the original packaging. Currently only use ebay, grailed and poshmark. In both cases, you're eligible for Paypal protection, which is what you seem to have an issue with. How to Get Your Grailed Fees Waived Effortlessly. The move comes as eBay is in the midst of trying to, Sneakers are a key area for growth for eBay. Home cleaning often comes with the realization that youve amassed way too much stuff including in your wardrobe. Ebay takes all their fees in other ways so this is not coming from ebay and ebay directs me to paypal. As time goes on and deadstock supply declines, this tends to put upward pressure on resale prices. The difference here compared to the Grailed method of breaking down the fees is that Paypal rolls the sales tax that the buyer pays here into your total amount, making it look like you actually sold . 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. Ebay also still has a much bigger user base. 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. Grailed commission fees Post any item for free. Related Stories Paypal already charges 2% fee and on top of it charge another fee under title of "partner fee". The fees and benefits vary depending on the type of Store subscription you choose. Does Grailed charge a payment processing fee? Do you have an eBay Store or want to sell vehicles? They usually view the seller as guilty until proven innocent. Grailedhas recently faced some backlash from users after raising their fee / commission to 9%. There are many online marketplaces. Cons For those in the New York area, selling requires almost no overhead and is very straightforward. Stock is limited to the product pages and catalogues the company has uploaded, meaning rare or highly specific product may be unavailable. till you get on grailedyou just wait. All of the products offered by DoNotPaywill save your time and money wherever you are and wherever you do business. 1, 3, 5, 7, or 10-day listing (1 and 3-day auction-style listings cost an additional $1). Maybe. This does not make any sense. As sellers keep a greater portion of each sale, they can charge a lower sticker price, which means sneakers are often below market." Date founded. Fortunately, selling fees on Grailed are slightly lower than many other large selling sites such as eBay. With their new Managed Payments format, that number will now be 12.35% + 30 cents. Sellers who have a lot of brand new inventory are in luck, however anyone with lightly used goods cannot sell at all, and the additional transaction fees mean that checkout price is often considerably higher than advertised.