Grinvald says that if she were StockXs internal counsel, she would advise they settle with Nike, and she believes thats the most likely way this story ends, especially given Nikes almost infinite legal resources, and its own reputation for aggressive legal pursuits to protect its intellectual property. But anything that resembles rips, tears, and deeper dents are automatically rejected. StockX will accept the shoes even if the box is slightly dented but will not accept them if there are rips or other major evidence of damage. To make sure you get it right, StockX even gives you an example of what not to do, in order to avoid making any mistakes. Some StockX customers have paid exorbitant resale rates on sites like eBay and Reddit, only to get counterfeit versions of the sneakers they ordered. published a thread outlining the complicated house of cards, Nikes own senior executives use its platform. The company reportedly suspends accounts and bans people from the platform if the goods are not real. Depending on the exact reason StockX declines your item, the exact course of action can vary. Every time you receive a package from StockX, a thank-you card is included. If the item was sold for under $100, you will be charged at minimum a $15 fee. Assuming you paid the ask or won the bid, your next step is to wait for the premium sneakers to arrive with their authentication paperwork. This link will generate a self service portal to help you . Then you can bid or pay the asking price on any sneakers that catch your fancy. Let us know in the comments section below. StockX is committed to real products and manages its own authentication process. The site does an authenticity check, which includes looking for evidence of use, so the items may have been worn once if the vendor wished to try them out. Thankfully they did not charge me the 15% return fee. Thankfully, StockX always makes things right with the customer. Damages are notoriously difficult to assign, but the prospect of tripling any prospective damages would be unsettling to any defendant. Finally, click on the Finish button. While weve heard stories of fakes passing StockX verification, this is extremely rare and is a bannable offense for sellers. Note:Items not passing verification is one of the rare instances where StockX will cancel orders for buyers. StockX is only a marketplace for deadstock merchandise, and does not accept the sale of worn items. Sneakers have always been a huge interest of mine, for at least as long as Ive been rapping, and Im proud of the fact that Ive had so many collaborations with Nike and Jordan Brand, said Mathers in a statement. It's been sitting dormat in my room for for almost a year I don't even own anything with scent. StockX tries to enforce a two-day policy with sellers so your sneakers are not delayed. Whether you were wondering if StockX personally offers used footwear, I will have to tell you that they do not. They have insider knowledge and expertise that most people do not. Were just a marketplace! Select the Bid you want to change and click on the green little pen button on the right. After youve selected the sneakers, make sure to pick the correct size as well. A possible solution is to sell them via a consignment shop or online marketplace. The buyer pays the shipping costs for the new items. (Full Details, Prices + More! If you choose to Buy Now, and your purchase attempt is unable to be accepted, you will see messaging prompting you to a link that will help you verify your personal information. ), Why Is Goat More Expensive Than Stockx? But over the course of the trial, the facts came out: These were actually legitimate Coach products that Kim had gotten on discount as an employee, and she was simply flipping them for a profit. Of course, all payment plan options are subject to terms and conditions. Shoddy ass service. 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. ' says Grinvald. What Happens If StockX Doesnt Approve Your Item? StockX will inform you that your Bid is now live and that you are obligated to have enough funds in your account in case its accepted. At least now you know exactly how to place a bid. You will receive active tracking information at this point. StockX urges the sellers to make sure they follow the steps correctly. Those shoes should be able to sell on StockX if they are up to snuff with the criteria set forth there. But what happens if StockX rejects the item? 1 What is the StockX tag? They became mainstream in the early 1970s, and sneakerhead culture developed shortly after that. Nike has doubled down on litigation against StockX in a heavyweight lawsuit between the biggest shoe manufacturer in the world and the hypebeast shoe resale platform that's now valued at $3.8 . Nike has doubled down on litigation against StockX in a heavyweight lawsuit between the biggest shoe manufacturer in the world and the hypebeast shoe resale platform thats now valued at $3.8 billion. (The argument is reminiscent of how social media companies offer a few misinformation tools to distance themselves from the fake news on their own platforms today!) Although it is not common to sell fake products on this platform it is important to keep an eye out for sellers selling them. Nike has only lately filed a lawsuit against the resale site for minting NFTs and trademark infringement. Continue reading to learn more about StockXs authentication process. Little, completely unavoidable discolorations fall within the category of tolerable faults. Sellers who do notsend their shoes out on time or do not package them securely might be punished by StockX. StockX is a reliable platform and uses its own rigorous authentication to make transactions safe. This means you will send the shoes to the shop, and the shop will place them on the shelves for you. English (US).css-1q2a7ix{width:1em;height:1em;display:inline-block;line-height:1em;-webkit-flex-shrink:0;-ms-flex-negative:0;flex-shrink:0;color:currentColor;vertical-align:middle;margin-left:var(--chakra-space-1);}. You can either wait for someone to meet your ask price or click sell now after you have a few bids. While not a Chinese company, StockX has a verification center in Hong Kong, China, to support customers in the Asia Pacific region. The company operates as a live market, and as such, there are no options to return a product directly. Unfortunately, StockX does not allow you to cancel an order or bid once it is accepted. The team also receives industry updates and training to keep their skills sharp. But dont go overboard either, there is such a thing as an over-wrap. Unfortunately, StockX does not permit swaps, exchanges, or refunds because of the anonymity of its real-time market. Advertise StockX refers to the shoes they buy and sell as deadstock sneakers. #GotItOnStockX Im very scared. The company also offers 3, 6, 9, and 12 months payment plans. And its no different when youre trying to sell your shoes on StockX. . ), Waiting For Seller To Ship On Stockx (What It Means! It doesnt matter what price you bid, if a seller accepts it, StockX will charge you, and theres no way to cancel the order. But if you love hunting for the best price, spending some time and effort might pay off. You may lose money instead of generating a profit if you dont. All content is for informational purposes only and should not be considered financial advice. StockX verifies everything about the product, the color, condition, and looks for any signs of wear and tear. However, that does not mean you do not have options. Otherwise, StockX will reject it. Shoes sold as deadstock must be in their original packaging. StockX verifies every shoe sold on the platform. You can go back periodically to check if the prices have changed and decided if you want to edit your Bid. Now it's time to place the original shoebox into the shipping box. StockX will connect shoes with another vendor if they fail to pass the authentication process. http://bit.ly/2AbwKld INSTAGRAM https://www.instagram.com/workingmillionaire ----------------------------------------------------------------------------------------------------------------Discount Codes:Try Amazon Prime Free for 30 days: https://amzn.to/2LL2uhxAmazon Prime Student FOR FREE: https://amzn.to/2C4thptGet HBO For FREE: https://amzn.to/2PSEU5VTry Twitch Prime: https://amzn.to/2wwQ6guMy Gear:Camera: https://amzn.to/2MhVZbNDJI Osmo Mobile 2: https://amzn.to/2NFyDx1Microphone: https://amzn.to/2LZPAwYNeewer Ring Light: https://amzn.to/2mYQUWaLaptop: https://amzn.to/2xBo6sy----------------------------------------------------------------------------------------------------------------Thanks for Watching! Home No arrests, no accusations. You have to make sure that the shipping box is not too small. Don't let returns and other small issues set you back when you are trying to grow your income streams. To oversimplify: Even if StockX could win the argument that its NFTs dont break trademark, if any of those NFTs are based upon counterfeited Nikes, then the NFTs might be deemed counterfeits, too. StockX will automatically charge you, and the seller on the other side of StockX will start packaging your shoes or anything else you might have bought. You can also use the string to determine authentication by checking if you are able to put it together. What if they claim its fake, or not in proper condition to sell? Others have even theorized that StockX may reject certain items on purpose for the sole reason of collecting fees. They do accept older sneakers as well, but theyre examined differently. *If you submitted your e-mail address and placed an order, we may . Press question mark to learn the rest of the keyboard shortcuts. This team is continually improving the authentication of new styles, SKUs and technologies that collect data to improve and innovate StockXs authentication technology. Otherwise, it can be a wasted effort. A wholesaler has the option of listing items at a defined price or making them available for bidding. The closest case was filed in 2011, when Coach sued former employee Gina Kim who, the company claimed, was selling counterfeited Coach bags on eBay. Its a remote possibility, to be sure, but the statistics dont lie. Everything was intact when I sent them, even the paper they came wrapped in within the box. Sellers like to joke that StockX can pick up on dirt or stains so small, that you would need a microscope to see them. (Full Details, Prices + More! There are some clear rules about what kind of packages StockX accepts. . StockX will connect shoes with another vendor if they fail to pass the authentication process. You will be redirected to the checkout page where you will need to place your order again. The Detroit startup does not condone the sale of fake or illegal goods. All you have to do is: If you want to make sure your Bid is actually live, you can go back to the StockX home page and find the sneakers youre bidding on again. (What To Know! Celebrities 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. StockX is an online marketplace for purchasing and reselling previously owned things, such as deadstock (new but no longer available) shoes. To begin offering items for sale, you must create a seller account. Every StockX tag has a QR code located on the reverse. Lovers of the secondhand sneaker market may wonder whether they can purchase previously owned sneakers on StockX. 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