Newly Improved Ebay & Etsy Import System. When a seller sells something on Grailed, our fee is deducted within the transaction itselfand then Grailed's 6% partner fee is deducted separately. But as of Tuesday, sneakers no longer carry any selling fees for pairs sold for more than $100. Each listing package offers different levels of bundled features for a set fee. If you have already completed the transaction, you can contact customer service and request the fee be refunded. core (like nike sneakers, sweats etc.) 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. 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. Given our industry low fee structure, sneakers are legitimately cheaper on Grailed. (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). I hope this helps and thank you again for joining the Community! Applications are accepted on a rolling basis and can take days to be processed. Getting paid:Some of the most common payment methods include PayPal, credit or debit cards, and Apple and Google Pay. So, if you, Charged for the original listing and each time you choose to relist your item, Charged per listing if you create duplicate auction-style listings for identical items. For more information, please see our It seems like no matter what the issue is with the transaction, eBay will always side with the buyer. That's less than half a percent difference, in favor of Grailed. 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). After being the original spot that both collectors and flippers turned to to buy and sell coveted sneakers, eBay became just one of many in the space after platforms like GOAT, StockX and Grailed entered the market. All Rights Reserved. Grailed's 9% + 2.9% and 30 cent Paypal fee equates to 11.9% + 30 cents. Click Here To Try It NowClick Here For Tutorial. 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. Sit back and relax while we do the work. Lastly, our offer system allows you to directly negotiate with a seller to work towards an ideal price. Otherwise, we charge a notice fee, whether or not you carry out the sale with the buyer. This is a huge advantage for Ebay over Grailed. ABOUT EBAY FEES. I am also and have no idea why. StockX acts as the middleman, meaning once your sneakers sell and you ship them to a StockX warehouse you are paid out. As time goes on and deadstock supply declines, this tends to put upward pressure on resale prices. eBay's transaction exchange rate is composed of a base exchange rate plus a conversion charge. 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. Sold an item for 220 bucks - they charged tax (automatically not something I asked for) and the partner fee was 50 bucks. The partner fee is the fee you're charged for "promoting" your listing on eBay. Home cleaning often comes with the realization that youve amassed way too much stuff including in your wardrobe. The Best Websites To Buy and Sell Sneakers. If eBay converts your funds, the conversion will be completed at the transaction exchange rate we set for the relevant currency exchange. If you want to sell on Grailed, there is a 9% seller's fee. Grailed is currently made up of four marketplaces. If your registered address is in the US, the seller currency conversion charge applied and retained by eBay is 3%. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. For each time a transaction is made grailed takes a 9% commission of the sold price plus Paypal fees. Select the merchant you want to appeal fees for and enter the details of your transaction, including an associated account if you have one. Reserve price in select Business & Industrial categories: International site visibility for auction-style listings, International site visibility for fixed price listings. To attract the attention of more buyers, you add the Bold listing upgrade. Here's how you can use DoNotPayto appeal fees: Saving time and money has never been so quick and easy. Even though I've listed items plenty of times, I still make mistakes. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. When a seller sells something on Grailed, our fee is deducted within the transaction itself and then Grailed's 6% partner fee is deducted separately. While Amazon charges nearly 15% and eBay isn't far behind at 13% Grailed charges close to 10%. For vehicles, see our Motors fees. 1, 3, 5, 7, or 10-day listing (1 and 3-day auction-style listings cost an additional $1). All you have to do is connect with your eBay account and that's it. Grailed by the numbers. Ebay also still has a much bigger user base. eBay Cracks Down on Sneaker Counterfeits With Authenticity Guarantee Program There are a lot of optionsthough primarily newer releases and ultra-expensive grailsand buying is very straightforward, tax is even included! 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. - See: Notes for Good Til Cancelled listings, Fees for selling a vehicle on eBay Motors, fee page for your country or region of residence, Commercial, Residential, and Other Real Estate, Auction-style listings 1, 3, 5, 7 and 10-day duration, Fixed price listings Good 'Til Cancelled. Browse the most sought after Ebay clothing including Short Sleeve T-Shirts, Light Jackets, Hats, & more. For select categories, eBay also allows online escrow services, checks, money orders, and bank-to-bank transfers. Pick out what category is your Ebay store. Deduction on ebay fee for outstanding seller levels and performance. Curious where everyone sells and what, I'm looking to get into other platforms. How come. Pros The total amount of the sale is $10,070 (includes 6% sales tax). Worth noting, on any site your likelihood of being scammed increases if you're selling hype items that appeal to a younger audience. This does not make any sense. 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. The item sells immediately for the Buy It Now price of $400. Youll also need to include all of the details such as the brand, size, material, condition, and more. Our expert moderators ensure all listings posted for sale are 100% authentic. Fee amounts are based on the terms in effect when the listing goes live and when it renews. But, if you are willing/can afford losing an item, it's useful for a few extra sales imo. Links to our international fees pages: Australia - opens in new window or tab | United Kingdom - opens in new window or tab | Canada - opens in new window or tab | Germany - opens in new window or tab | Spain - opens in new window or tab | France - opens in new window or tab | Italy - opens in new window or tab | Ireland - opens in new window or tab | Belgium (Dutch) - opens in new window or tab | Belgium (French) - opens in new window or tab | Austria - opens in new window or tab | Switzerland - opens in new window or tab | Netherlands - opens in new window or tab | Poland - opens in new window or tab | Greater China region - opens in new window or tab | All other countries - opens in new window or tab. For sellers, GOAT is not an ideal website. 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. Insane. 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 already charges 2% fee and on top of it charge another fee under title of "partner fee". Cons Unlike other websites, GOAT functions differently as it is predominantly geared towards buyers. Learn more about how zero insertion fee listings work, including the terms and exclusions for those listings. 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 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 . View cart for details. 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. Grailed additionally allows you to sell used sneakers as well, unlike competitors who only allow brand new ("deadstock") sneakers on site. Commission and fees:If your item sells, youll earn 80 percent of the list price. Search "appeal fees" on DoNotPay, choose the Fight and Waive Fees product, and select the type of fee you want to appeal. 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. 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. You're selling a trading card for $9,500 with free shipping. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. The fee is around 2.9% domestic and around 4.4% international. For popular sneakers, they almost always have stock. If you're a registered 501(c)(3) non-profit, then our fee is2.2% + $0.30 per transaction. Here are a few options to try. Grailed Fees Anyone else flabbergasted at Grailed's fees now? Select Clothing, Shoes & Accessories categories: Free if starting price is $150 or more* - See: Notes for Basic fees. Is the Grailed Authentication process good? Whatever percentage you'd agreed to when deciding to promote your listing. GOAT is significantly more complex for sellers than other platforms. All of the products offered by DoNotPaywill save your time and money wherever you are and wherever you do business. How it works:Sellers are responsible for photographing and listing their items to their shop on Etsys marketplace. An example of a partner fee would be the website Grailed who currently charges a 6% fee for sales on their website. The self-described stock market of things StockX began as a marketplace to determine the actual aftermarket value of hyped sneakers. 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. Would of chosen another payment method had I known I would get charged two fees. Getting paid:Once your item sells, youll receive payment through PayPal. Once you actually sell an item, GOAT (like StockX) sends you a prepaid shipping label to send the sneakers to an authentication center. Note: If your account isn't meeting our minimum seller performance standards and you're rated Very High in your rate of 'Item not as described' return requests, you'll only be charged the additional final value fee for not meeting our minimum seller performance standards. When you set your price for an item, it should account for shipping and a 9% commission for Grailed. Graileds 9% + 2.9% and 30 cent Paypal fee equates to 11.9% + 30 cents. For buyers it is straightforward, however for sellers the high commission can eat away at profits. I am very sorry for any confusion this may have caused you, and the best place to look for the terms for this fee and how it is totaled would be on the service you used to sell the item. For mens athletic shoes, theres no final value fee if the pair sells for $100 or more. I have only used Ebay and Grailed. 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. 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. Insertion fees for Classified Ads are $9.95 for a 30-day listing and there are no final value fees. By looking at our internal data, we believed this to be the optimal number to entice more sellers, knowing they will be able to sell at a faster rate while continuing to make a profit, and also offer buyers the pieces they desire at an attractive price, Bittner said, noting that sales of lower-priced items nearly tripled after the change was enacted. Stock is limited to the product pages and catalogues the company has uploaded, meaning rare or highly specific product may be unavailable. The main reason users are so upset is because they feel like there was no warning. 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. There are no fees for shopping or buying on Grailed. Commission rate. no need to bend over backwards when you loose out on your item and money. The move comes as eBay is in the midst of trying to, Sneakers are a key area for growth for eBay. GRAILED COMMISSION FEE 9% The Grailed Commission fee is applicable to domestic and international transactions. For those in the New York area, selling requires almost no overhead and is very straightforward. For sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. Absolutely. 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. PayPal fees for transactions within the United States are 2.9 percent plus $0.30 per transaction, while. How can i find who is taking this money out of my account. Ebay has been charging a 10% fee for quite a while, and Paypal charges 2.9% + 30 cents per transaction = 12.9% + 30 cents. Kidizen Selling Fees: Kidizen selling fees are 12% + $0.50 of the sale price. eBay has 3 types of fees: Final Value Fee, Insertion Fee and Listing Upgrade Fee. Consensus: While an iconic destination, Flight Club is predominantly a retail experience. So how does this 9% fee stack up? Cons 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. Tax and shipping are tacked on after a purchase, and the store ships to most countries, though at a cost. After the center verifies the item, your funds are released and are available as Credits. In order to cash out, an additional 2.9 percent fee is applied, meaning in order for you funds to hit you bank or PayPal account theres a minimum 12.4 percent fee plus an additional $5 minimum charge. The amount you pay depends on the listing package you choose Basic, Premium, or Plus. 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. Cons 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. Free for many users to make an account, Grailed offers low fees for sellers. Here is a listing we came across when it was first listed. The bran will store your shoes and sell them on your behalf on its website, retail stores, or other sales channels. While we are adding product categories everyday, the majority of products are spread across multiple listings rather than all located under one landing page. 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. Maybe. 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. See how it works. For comparison, StockX brought in about $700 million last year, though that includes its other categories, which make up a smaller portion of . This is just speculation, but I'm guessing they'd pay out of their own pocket if they disagree with paypal in a case. Between fees, rolling admission and turn around time, as a new seller you may have missed the boat. If your items are relisted automatically, you'll be charged insertion and optional listing upgrade fees each time your item is relisted. Between raffles, bots and surprise drop dates, managing to score the sneakers you actually want is more difficult than ever. A dialog will open as you type your search terms. If you're in China, Hong Kong, Indonesia, Israel, Japan, Macau, Malaysia, Philippines, Singapore, Taiwan, Thailand, or Vietnam and your item isn't located in the US, the total amount of the sale is always calculated based on the shipping option your buyer chooses. Click Here To Try It NowClick Here For Tutorial. Grailedhas recently faced some backlash from users after raising their fee / commission to 9%. Between fees, prices, the ability to purchase slightly worn shoes for well below their going rate, no other site compares. There are many online marketplaces. The amount we charge depends on the item's price, the format and category you choose for your listing, any optional listing upgrades you add, and your seller conduct and performance. Whats great about the resale platform is that it offers real-time pricing data and buyers can see the price history of specific items. eBay is an online marketplace where users buy and sell products. It will have seven more mystery drops daily starting on Thursday. © 2023 Copyright Finalfees. StockX fees operate on a sliding scale but range from 9.5 percent to 8 percent plus credit card fees depending on the users seller leveli.e. Grailed commission fees Post any item for free. 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. Fortunately, selling fees on Grailed are slightly lower than many other large selling sites such as eBay. Okay, we knowwere putting ourselves at the top of the list. Good for selling:Streetwear and sneakers, Popular brands: Jordan, Nike, Supreme, Off-White, Yeezy. and our 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. Charged whether or not your item sells. As sellers keep a greater portion of each sale, they can charge a lower sticker price, which means sneakers are often below market." This means it is most likely that your fees will be higher when selling on Grailed than on Ebay once you account for shipping. We have come across some oddities which are cause for concern. The online marketplace exclusively for high-end men's designer clothes is Grailed. Submit your case! If this post or any other was helpful, please enrich the community by giving kudos or accepting it as a solution. Enter the tax percentage you are charged. For each time a transaction is made grailed takes a 9% commission of the sold price plus Paypal fees. 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. Copyright 1995-2023 eBay Inc. All Rights Reserved. Consensus: Theres a reason Grailed has such an incredible user retention rate. 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. You select a starting price of $199, with a Buy It Now price of $400, and you offer free shipping. The platforms massive database of products make it convenient for sellers to easily list their goods without adding item specifics (such as fabrics and materials, weight, etc.). The 200 Greatest Singers of All Time Those below pay on a sliding scale, with the highest fees reaching 20 percent. Enter the total amount charged for shipping to buyer. 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. Getting paid:Payments through direct deposit or PayPal are subject to a 2.9 percent cash out fee. You are meeting our performance expectations. If you need to refund the buyer or cancel the sale, you may be eligible for fee credits as per our fee credits policy. All Rights reserved. If you purchase an independently reviewed product or service through a link on our website, Rolling Stone may receive an affiliate commission. These Anti-Fatigue Mats Will Cushion and Support Your Feet, Another (Celine) Portrait: See Bob Dylan in Fashion Brand's Latest 'Performer' Series, The Best Wireless Range Extenders to Use (and How They Work), Outdoor Buds: These Fully Waterproof Workout Earbuds Are Just $30, The National Stay Up Late to Perform 'Tropic Morning News' on Fallon, David Lindley, Multi-Instrumentalist Who Shaped the Sound of Soft Rock, Dead at 78, Suki Waterhouse Won't Take Romance for Granted on New Single 'To Love', Travis Barker Says His Finger Ligament Surgery Was a 'Success' After Postponing Blink-182 Tour. For buyers, there are no fees for using the platform. The higher of the two final value fees is charged, if your item sells, Reserve price Cons No. For sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. Scott Cutler, CEO of streetwear resale platform StockX, tells Rolling Stone that in order to maximize resale value, it is critical that sellers keep products in deadstock or new condition. Once you factor in PayPal fees, Grailed becomes a problem. Read more about our, Charged only once per listing for listings with multiple items. A listing upgrade fee is charged with any additional upgrades to your listing, such as extra categories or bolded titles. Stadium Goods is a similar experience to many other platforms, offering a wide array of sneakers varying in cost due to size and demand. 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. Payments are deposited directly into your bank account. Grailed offers the lowest fees of any platform around at just nine percent (plus Paypal fees). That said, some sites work better than others. Another (Celine) Portrait: See Bob Dylan in Fashion Brand's Latest 'Performer' Series. I need some help please. If your registered address is not in the US, please refer to the fee page for your country or region of residence for your seller currency conversion charge information. With their new Managed Payments format, that number will now be 12.35% + 30 cents. Graileds digital moderators authenticate all items before they hit the marketplace, and the platform will also notify sellers if potential buyers ask questions or submit offers on items. Many prospective online sellers tend to consider StockX vs. eBay, two of the most popular online resale sites. 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. For those looking for cheap footwear options or shoes below market, GOAT can be difficult. As Flight Club is a true consignor, you are only paid once your sneakers sell. 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. 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. The only true sneaker marketplace, you can communicate directly with your potential buyer, inducting them into the Grailed community. EBay typically charges around 10% of the items sale value, with variations based on the product sold and the sellers account tier. Lets start with the obvious, that 9% fee. For listing mainstream brands that are well-known. So how do we know who this partner is? Flight Club operates under a traditional consignment model. Prices are generally fairhigher than other sites, thoughand the shopping process is relatively simple, granted the stock system is at times convoluted. Plus, StockX physically authenticates every pair of shoes that gets sold on the platform. While Flight Club has almost every new release you may be searching for, older modelswhich are more difficult to authenticateare often not available. In order to sell, a user must fill out a sell form by finding the product and listing it on the website. Commission and fees:Listing fee of 20 cents, five percent transaction fee, payment processing fee of three percent plus 25 cents. Sneakers are a key area for growth for eBay. my hype items never, I think its hard to sell unless you are the lowest priced. And what are the best ways to make sure you get the most money back from your unworn wares? Be sure to also check out any relevant payment processing fees that may apply to your transaction. Most categories, including Music > Vinyl Records and eBay Motors > Parts & Accessories, Automotive Tools & Supplies, and Safety & Security Accessories. So it is still worth using Grailed? If there is a way to save time and money, the chances are good that DoNotPay has a product that can handle things for you. GOAT focuses exclusively on footwear, predominantly recent drops and noteworthy collaborations. 37 19 19 comments Best Add a Comment Thats right, Grailed. . Unfortunate. Etsy also offers tools to help sellers manage and promote their online businesses, and Etsy lets you take advantage of shipping discounts.