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 . Worth noting, on any site your likelihood of being scammed increases if you're selling hype items that appeal to a younger audience. For those in the New York area, selling requires almost no overhead and is very straightforward. Stockx vs eBay: How to Sell Your Clothing and Sneakers Online - Rolling 1, 3, 5, 7, or 10-day listing (1 and 3-day auction-style listings cost an additional $1). How to Get Your Grailed Fees Waived Effortlessly. That's less than half a percent difference, in favor of Grailed. Real Estate listings can be auction-style, fixed price, or in the Classified Ad format. Cons However, with the new update, items sold after March 1, 2022, are now 12.9% + $0.30 for every order on most categories. the more you sell, the less you pay. Unfortunate. One stock photo from a seller with no feedback, yet it is somehow Digitally Authenticated. To put any trust in this process would be unwise. 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. Grailed commission fees Post any item for free. The fee is around 2.9% domestic and around 4.4% international. Newly Improved Ebay & Etsy Import System. Listing items is not for the faint of heart. Consensus: From a buyers perspective, GOAT is great. Good for selling: Streetwear and sneakers, celebrity collaborations, and collectibles, Popular brands:A Bathing Ape, Cactus Jack, Fear of God, Supreme. 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. 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. Newly Improved Ebay & Etsy Import System. We don't sell things, we only receive donations, yet some unknown partner is getting money that should be going to the non-profit. Otherwise, we charge a notice fee, whether or not you carry out the sale with the buyer. The higher of the two final value fees is charged, if your item sells, Reserve price 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. 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. You are meeting our performance expectations. Create an account to follow your favorite communities and start taking part in conversations. When the petition has gained enough attention, the platform may reevaluate the fee. 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. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Cons Select the merchant you want to appeal fees for and enter the details of your transaction, including an associated account if you have one. EBay drops all sneaker selling fees to compete with GOAT, StockX 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. If you have already completed the transaction, you can contact customer service and request the fee be refunded. Grailed Fee is now 9% - Is it still worth selling there? Between fees, rolling admission and turn around time, as a new seller you may have missed the boat. Most of my sales are on ebay and luxury (like saint laurent) and hype (supreme) does best there. Enter the total amount sold before fees & excluding shipping charges. 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. eBay's transaction exchange rate is composed of a base exchange rate plus a conversion charge. PayPal fees are then added to that. EBay said that, while it does not authenticate sneakers, there are a variety of ways to report fakes found on the site. Click Here To Try It NowClick Here For Tutorial. We want to hear it. Here are a few options to try. 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. The retail experience is relatively straightforward and all items are authenticated in-house at one of StockX's warehouses around the world. DoNotPay will generate the best argument for your case and make sure your fee waiver request gets sent to the merchant for processing. PayPal fees for transactions within the United States are 2.9 percent plus $0.30 per transaction, while. Home cleaning often comes with the realization that youve amassed way too much stuff including in your wardrobe. 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.. Does Grailed charge a payment processing fee? Ebay has been charging a 10% fee for quite a while, and Paypal charges 2.9% + 30 cents per transaction = 12.9% + 30 cents. One of the first sneaker consignment shops, Flight Club transformed from a simple retailer to a powerful online sneaker buying and selling platform. 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.). 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. The Total paid into my PayPal account was $17.16 as shown. Who is this partner? The fees for selling a vehicle on eBay Motors are different from the fees for selling items in other categories. 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. If this post or any other was helpful, please enrich the community by giving kudos or accepting it as a solution. While we are adding product categories everyday, the majority of products are spread across multiple listings rather than all located under one landing page. 2023 Digiday Media. Even though I've listed items plenty of times, I still make mistakes. Ebay is the most obvious competitor to compare against. We charge one final value fee when your item sells, and you don't have to worry about third-party payment processing fees. Also, since StockX authenticates every item in-house in one of many warehouses, products can sometimes take a number of weeks to arrive, and overheard (albeit indirectly) leads to steeper costs. These platforms have invested heavily in expanding their internal authentication teams, citing consumer trust as a valuable asset to cultivate. That said, some sites work better than others. All that said, I doubt Grailed actually offers their own 'protection' in many cases, if at all. But were not finished. Sold an item for 220 bucks - they charged tax (automatically not something I asked for) and the partner fee was 50 bucks. 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) Similar to Flight Club, Stadium Goods is a consigner that has a significant online presence. Reserve price in select Business & Industrial categories: International site visibility for auction-style listings, International site visibility for fixed price listings. Tags: jordan-brand, yeezy, adidas, nike, grailed, streetwear, resell, sneakers. A partner fee is different from the PayPal fee for using our services to receive payments and will usually say in the transaction details. ABOUT EBAY FEES. It seems like no matter what the issue is with the transaction, eBay will always side with the buyer. If you compare them, you are sure to find one that has a more agreeable seller's fee. What is a partner fee? As sellers keep a greater portion of each sale, they can charge a lower sticker price, which means sneakers are often below market." Check out our top picks below. Is it better than nothing? The move comes as eBay is in the midst of trying to take back its prominence in the world of sneaker resale. Then why this "Partner" is charging us? 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. The total amount of the sale includes the item price, any handling charges, the shipping service the buyer selects, sales tax, and any other applicable fees. Browse the most sought after Ebay clothing including Short Sleeve T-Shirts, Light Jackets, Hats, & more. Between raffles, bots and surprise drop dates, managing to score the sneakers you actually want is more difficult than ever. 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. If you run out of free listings, a $0.30 . 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. Fortunately, selling fees on Grailed are slightly lower than many other large selling sites such as eBay. Flight Club only deals in new sneakers. Tax and shipping are tacked on after a purchase, and the store ships to most countries, though at a cost. Lets start with the obvious, that 9% fee. Prices are generally fairhigher than other sites, thoughand the shopping process is relatively simple, granted the stock system is at times convoluted. See how it works. 2 4 4 comments Best Add a Comment The amount you pay depends on the listing package you choose Basic, Premium, or Plus. Unlike other websites, GOAT functions differently as it is predominantly geared towards buyers. For listing high-quality goods that are coveted. Grailed fee: $3.03 ($1.80 Grailed commission + $1.23 payment processing fee) You make: $16.97 . Many Grailed users are very upset about the fee increase and want to know how to fight or waive the fee. When you set your price for an item, it should account for shipping and a 9% commission for Grailed. This fee is calculated as a percentage of the total amount of the sale, plus $0.30 per order. Be sure to also check out any relevant payment processing fees that may apply to your transaction. But eBay, in a play to siphon sellers from other players in the sneaker resale space, has dropped selling fees for sneakers entirely. 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. 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. But, trust us, theres a reason behind the blatant bias and ego. Date founded. According to eBay, I was also charge the final value fees as well I feel like BH Im being charged twice. No. For men's athletic shoes, there's no final value fee if the pair sells. But, if you are willing/can afford losing an item, it's useful for a few extra sales imo. Grailed is an online fasion marketplace focused on vintage, high-end, and popular street brands such as, Champion, Nike or Gucci. Flight Club operates under a traditional consignment model. 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. Deduction on ebay fee for having an Ebay store(Basic, Premium, and Anchor Stores all charge the same rate). That said, if youre looking to enter the resell game, GOAT may prove difficult. 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. Applications are accepted on a rolling basis and can take days to be processed. Click Here To Try! Pick out what category is your Ebay store. eBay Cracks Down on Sneaker Counterfeits With Authenticity Guarantee Program An example of a partner fee would be the website Grailed who currently charges a 6% fee for sales on their website. Would of chosen another payment method had I known I would get charged two fees. For those searching for mainstream new or lightly used sneakers, GOAT is a solid place to buy. Welcome! 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. Find high-quality men's and women's streetwear & designer pieces from the brands you love at Grailed, the community marketplace for men's and women's clothing . Consensus: While an iconic destination, Flight Club is predominantly a retail experience. Youll get paid through PayPal and use the payment platform to print a shipping label. While Ebay has its own flaws, Grailed no longer offers any real advantage to sellers since raising the Grailed fee. For anyone who has sold clothes through a reseller, selling fees are a natural part of the process, with platforms taking a percentage of a sale, a flat fee or a tiered fee based on a sellers frequency of selling. 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. The catalogue is similar to many competitors, and like many others only deals in brand new merchandise. How it works: Sellers are responsible for all listing details, including descriptions and photographs. If eBay converts your funds, the conversion will be completed at the transaction exchange rate we set for the relevant currency exchange. 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. The fee was raised from 6% in August. 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. © 2023 Copyright Finalfees. 2013. To list an item, there are 13 required fields, and at least 20 more optional ones. 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. 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. While the fees are a terrible deal for sellers, the lack of protection is bad for victims of fraud. The platform announced the change less than 24 hours before it was implemented. While technically one entity, each still operates independently and are seemingly autonomous. If you need to refund the buyer or cancel the sale, you may be eligible for fee credits as per our fee credits policy. 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. Getting paid:Once your sold item is successfully verified by StockXs authentication staff, you can get paid in as soon as 30 minutes if you choose PayPal as your preferred payment method or in a few hours if you choose Venmo. New to the community? According to the website, a grail is "the piece you obsess over but cannot ever find or afford." For comparison, StockX brought in about $700 million last year, though that includes its other categories, which make up a smaller portion of . PayPal's seller's fee varies and is based on the location of the buyer's billing address. After you drop off your sneakers, Flight Club handles the rest as you sit back and get paid. Keep in mind that all these still depend on the subscription model of the seller. With the ability to buy both new and used sneakers, Grailed has the best prices anywhere. 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. The higher the price premium, the bigger the hype.. The Ultimate Grailed Guide - How to Sell on Grailed FAST I need some help please. The 100 Greatest TV Shows of All Time 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 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. Etsy also offers tools to help sellers manage and promote their online businesses, and Etsy lets you take advantage of shipping discounts. 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. and our Graileds authentication process is a combination of human and machine moderation. Buying sneakersnew or otherwisecan be a challenge. 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. 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. . 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. 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. Here is one of many Travis Scott burgers from McDonalds we saw posted when it was first released. The wesite I sold my record from charges 200 sek for that but but Paypal made it 250 sek. 10 people found this solution to be helpful. 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Pros I am also and have no idea why. Grailed Paypal Fee Calculator & Spreadsheet - FinalFees If exchange rates are set by law or regulation, the base exchange rate reflects the government reference rates. View cart for details. If so, should I still have to worry about paying my eBay seller fees? The total amount of the sale is $10,070 (includes 6% sales tax). In general, sellers tend to make less money per sale than with competitors. 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. plus any PayPal fees. You're selling a trading card for $9,500 with free shipping. Cookie Notice If you want to sell on Grailed, there is a 9% seller's fee. Good for selling: New, unused good condition sneakers, Popular brands:Adidas, Jordan, Nike, Yeezy. If you purchase an independently reviewed product or service through a link on our website, Rolling Stone may receive an affiliate commission. Grailedhas recently faced some backlash from users after raising their fee / commission to 9%. For mens athletic shoes, theres no final value fee if the pair sells for $100 or more. This does not make any sense. 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. For buyers it is straightforward, however for sellers the high commission can eat away at profits. Fee amounts are based on the terms in effect when the listing goes live and when it renews. Pros 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. All Rights Reserved. For those that sell on other platforms, what does best on grailed? 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. Here is an overview of fees, credits, and invoices on eBay. The move comes as eBay is in the midst of trying to, Sneakers are a key area for growth for eBay. 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. Thats why its important to choose the right resale website for selling your clothes and accessories online. Is it a complete waste of time and resources for them? Thats less than half a percent difference, in favor of Grailed. 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. Poshmark Vs. eBay Vs. Depop: The Ultimate Resale Site Showdown 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? In both cases, you're eligible for Paypal protection, which is what you seem to have an issue with. Grailed is an online fasion marketplace focused on vintage, high-end, and popular street brands such as, Champion, Nike or Gucci. Whatever percentage you'd agreed to when deciding to promote your listing. Select Clothing, Shoes & Accessories categories: Free if starting price is $150 or more* - See: Notes for Basic fees. As of now, Stadium Goods does not allow consignors to drop off streetwear, despite the fact it sells it. We have come across some oddities which are cause for concern. (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). 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. 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. It feels like i am going in a circle. 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. What are the fees? - Grailed If you run out of free listings, a $0.30 insertion fee is charged when you list an item. Read This Pros Top Tips Before You Sell Your Merch, Dont Sweat These Shades: These Are the Best Sunglasses for Running and Sports, The Best Grateful Dead Merch for Deadheads and Collectors Alike, Hoodies Are Much More Than Loungewear Here Are Ten Examples to Prove It, View all posts by Danielle Directo-Meston, Looking to Start Boxing After Watching 'Creed III'? Cons Given our current sneaker climate and demand far outweighing supply, the converse is true as well. Grailed is a popular marketplace that is known for menswear! This means it is most likely that your fees will be higher when selling on Grailed than on Ebay once you account for shipping. Here's how you can use DoNotPayto appeal fees: Saving time and money has never been so quick and easy. 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. Each listing package offers different levels of bundled features for a set fee. 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. 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. 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. Enter the tax percentage you are charged. Seller fees. Learn more about how zero insertion fee listings work, including the terms and exclusions for those listings. I sold an item on eBay. The site offers almost zero protection and all fraud cases are first worked through PayPal. 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! 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. Competing on selling fees is also important since eBay does not compete with other resellers on authentication. I was wondering if Grailed has a similar side with the buyer no matter what policy or if they actually value their sellers. Charged per listing and per category. Free for many users to make an account, Grailed offers low fees for sellers. PayPal collected their fee .80 and pulled the $1.16 to pay the sales tax. As such, we included them separately. The partner fee is the fee you're charged for "promoting" your listing on eBay. To attract the attention of more buyers, you add the Bold listing upgrade. Read more about our, Charged only once per listing for listings with multiple items. For sellers, Grailed feeshave gone up to 9%. 20% difference. GOAT focuses exclusively on footwear, predominantly recent drops and noteworthy collaborations. 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. For buyers, there are no fees for using the platform. The item was purchased for $25 and the partner fee was $2.00.