Do you know who does not physically authenticate ANY items? The amount you pay depends on the listing package you choose Basic, Premium, or Plus. However, you can also use a third-party shipping site to get the discounted rate, regardless of whether you sell on Ebay or Grailed. Its even worse considering that they certainly must know that this service doesnt provide any real value and is probably only being provided as a marketing tool and a way for them to justify charging sellers more money. If you purchase an independently reviewed product or service through a link on our website, Rolling Stone may receive an affiliate commission. 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. 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. No. While Amazon charges nearly 15% and eBay isn't far behind at 13% Grailed charges close to 10%. Who is this partner? Sit back and relax while we do the work. Cons GRAILED COMMISSION FEE 9% The Grailed Commission fee is applicable to domestic and international transactions. 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. (Read our review about how to buy/sell sneakers on eBay here). Maybe. This means that a seller could easily use photos of a legit item but ship you a fake. 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. The conversion charge is a fixed percentage applied to the base exchange rate and retained by eBay. I do best on Ebay. The 200 Greatest Singers of All Time But like the others, those interested in buying and selling may find the platform limiting. Create an account to follow your favorite communities and start taking part in conversations. Hi, I'm a relatively new, but experienced eBay user with about a year (100~) worth of sales to show for it. 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. There is even a petition on Change.org to reduce the fee to 7.5%. Cons Even though I've listed items plenty of times, I still make mistakes. When a task is too time-consuming or confusing, the chances are that DoNotPay has a product for that. 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. For sellers, GOAT is not an ideal website. 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. Flight Club only deals in new sneakers. In general, sellers tend to make less money per sale than with competitors. 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. Reserve price in select Business & Industrial categories: International site visibility for auction-style listings, International site visibility for fixed price listings. Here's why you should sell on Grailed: Pros of selling on Grailed rather than Depop Sell luxury/designer items: While you can sell luxury items on depop, Grailed has a more curated/niche audience looking for hyped clothing pieces. The seller has subsequently added some real photos, but the listing was posted and remained authenticated for two weeks while it only had the stock photos. PayPal's seller's fee varies and is based on the location of the buyer's billing address. © 2023 Copyright Finalfees. With a big marketing push, StockX has established itself as setting the market rate for many of the most hyped sneakers. You can receive your payment through bank transfer, which takes one to five business days; or by debit card, which can take a few hours or up to one to three business days. While initially focused on only sneakers, Stadium Goods recently entered the streetwear game as well, and now offers Supreme, Palace and even Travis Scott Astroworld merch. Do not waste your time searching for solutions when DoNotPay has you covered without all the work. Between fees, rolling admission and turn around time, as a new seller you may have missed the boat. When you create listings or sell items on an international eBay site, eBay may convert your funds to a different currency in order to collect amounts owed by you to eBay, or to payout funds due to you. The 100 Best Albums of 2022. Grailed's 9% + 2.9% and 30 cent Paypal fee equates to 11.9% + 30 cents. 13.25% if total amount of the sale is less than $150. If your registered address is in the US, the seller currency conversion charge applied and retained by eBay is 3%. Growing the Grailed community to foster a . 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. Fees are different for Store subscribers and for selling vehicles. When you set your price for an item, it should account for shipping and a 9% commission for Grailed. 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 products work across all products and services in every city and state. Final value fee (13.25% of $424, + $0.30). These listings count towards your monthly zero insertion fee listings. Grailed claims to offer their own protection which I have yet to hear any testimonials about, just constant copy pasta from Grailed staff. Hm. The online marketplace exclusively for high-end men's designer clothes is Grailed. Donating your closet castoffs is one option, but you can also try to get a decent return on your sartorial investment by selling your unworn or gently-used merch online. I've managed to keep 100% positive feedback, but found myself being forced to bend over backwards for some less than desirable buyers. Thats right, Grailed. For listing highly anticipated new releases. Pros If you compare them, you are sure to find one that has a more agreeable seller's fee. It was raised on August 12th, 2020 from 6%. Related Stories According to eBay, I was also charge the final value fees as well I feel like BH Im being charged twice. The base exchange rate reflects rates within the wholesale currency markets applicable to the currency pairing on the day of the conversion, or the prior business day. 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. GOAT is an online only sneaker site that sells both new and lightly used sneakers. That said, higher fees and longer wait times make selling on StockX a longer process than competitors. The only true sneaker marketplace, you can communicate directly with your potential buyer, inducting them into the Grailed community. 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. 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'? Tags: jordan-brand, yeezy, adidas, nike, grailed, streetwear, resell, sneakers. Popular brands:Nike, Louis Vuitton, Visvim, Levis, Raf Simons, Good for selling:Luxury menswear, streetwear, and sneakers. This is just speculation, but I'm guessing they'd pay out of their own pocket if they disagree with paypal in a case. Stadium Goods is a similar experience to many other platforms, offering a wide array of sneakers varying in cost due to size and demand. plus any PayPal fees. the more you sell, the less you pay. 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. Many prospective online sellers tend to consider StockX vs. eBay, two of the most popular online resale sites. Charged whether or not your item sells. Grailed puts your grail within reach. Good for selling:Vintage and new clothing, sneakers, collectibles, music memorabilia, Popular brands:Jordan, Yeezy, Nike, Adidas, New Balance. and our Here is a listing we came across when it was first listed. How it works: Sellers are responsible for all listing details, including descriptions and photographs. All you have to do is connect with your eBay account and that's it. The fees for these optional listing upgrades vary depending on your item's price and the listing format and duration. Editors picks Real Estate listings can be auction-style, fixed price, or in the Classified Ad format. Select Others if not listed. For sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. 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. - 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. Absolutely. The $0.30 per order is not charged, 13.25% if total amount of the sale is less than $150, Building Materials & Supplies > Modular & Pre-Fabricated Buildings, No bids meet your reserve price, if you added one, Your item is listed in the Classified Ad format, $1.50 Classified Ads and Real Estate listings, If your account doesn't meet our minimum seller performance standards for the US in the evaluation on the 20th of the month, you'll be charged an additional 6% on the final value fees applicable to sales in the following calendar month. And were still not done. 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. 9%. For listing high-quality goods that are coveted. eBays listings allow sellers to specify multiple categories, item specifics, condition, and many other details. Grailed is an online fasion marketplace focused on vintage, high-end, and popular street brands such as, Champion, Nike or Gucci. All of the products offered by DoNotPaywill save your time and money wherever you are and wherever you do business. Pros Youll get paid through PayPal and use the payment platform to print a shipping label. . Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. For sellers, Grailed feeshave gone up to 9%. It feels like i am going in a circle. If you want to sell on Grailed, there is a 9% seller's fee. In both cases, you're eligible for Paypal protection, which is what you seem to have an issue with. 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. After you drop off your sneakers, Flight Club handles the rest as you sit back and get paid. 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. If your category is not listed this means no additional deduction is given. The self-described stock market of things StockX began as a marketplace to determine the actual aftermarket value of hyped sneakers. All Rights Reserved. At the end of 2019 Ebay eliminated final value fees for items sold for over $100 in the Athletic Shoes category; Yes, that means 0% fee for sneakers that you sell for over $100! GOAT is significantly more complex for sellers than other platforms. Enter the total amount charged for shipping to buyer. On top of the fee structure, each sale invokes an additional flat region-dependent tax that ranges from $5-$30. You make $343.17, or approximately 86% of the sale price, not including shipping costs. 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. How to Get Your Grailed Fees Waived Effortlessly. 20% difference. There are no fees for shopping or buying on Grailed. A comparison of marketplace fees on eBay, Poshmark, Mercari, Etsy, Facebook Marketplace and more. 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) How can i find who is taking this money out of my account. 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. 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. Pros Pay, shop, and do even more on the PayPal app. Ebay is the most obvious competitor to compare against. Additionally, authentication fees and duties (if you're an international shopper) can potentially add a significant price bump to any purchase. 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. The item sells immediately for the Buy It Now price of $400. Search "appeal fees" on DoNotPay, choose the Fight and Waive Fees product, and select the type of fee you want to appeal. Free for many users to make an account, Grailed offers low fees for sellers. The partner fee is the fee you're charged for "promoting" your listing on eBay. Of course there would also be the operation cost of investigating the case themselves. While Flight Club has almost every new release you may be searching for, older modelswhich are more difficult to authenticateare often not available. Press question mark to learn the rest of the keyboard shortcuts. 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. 1, 3, 5, 7, or 10-day listing (1 and 3-day auction-style listings cost an additional $1). If you are unsuccessful in waiving the Grailed fee, there is a product to fight chargeback and a product that could assist you with returns as well. Payments are deposited directly into your bank account. A dialog will open as you type your search terms. Final value fee (13.25% of $7,500, + 2.35% of $2,570, + $0.30). 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. Once you factor in PayPal fees, Grailed becomes a problem. 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. Here's how you can use DoNotPayto appeal fees: Saving time and money has never been so quick and easy. Were going to breakdown whether that fee is reasonable, or whether youre better off selling onEbayorStockX. You're selling a trading card for $9,500 with free shipping. If you need to refund the buyer or cancel the sale, you may be eligible for fee credits as per our fee credits policy. Keep in mind that all these still depend on the subscription model of the seller. As sellers keep a greater portion of each sale, they can charge a lower sticker price, which means sneakers are often below market." 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. Click Here To Try It NowClick Here For Tutorial. Cons Consensus: Theres a reason Grailed has such an incredible user retention rate. The site claims the increase was to improve the marketplace experience for all users. Here is one of many Travis Scott burgers from McDonalds we saw posted when it was first released. Then why this "Partner" is charging us? So how does this 9% fee stack up? If you're being charged a partner fee in addition to our fee, then you would need to review the terms and services of what website you use to promote your non-profit organization. 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 is an online fasion marketplace focused on vintage, high-end, and popular street brands such as, Champion, Nike or Gucci. Kidizen Selling Fees: Kidizen selling fees are 12% + $0.50 of the sale price. eBay is an online marketplace where users buy and sell products. As time goes on and deadstock supply declines, this tends to put upward pressure on resale prices. Each sale henceforth affects your score, with 2 points added for a successful sale and 10 points deducted for a poor sale. Graileds 9% + 2.9% and 30 cent Paypal fee equates to 11.9% + 30 cents. The fee was raised from 6% in August. 2013. If you are hoping to fight or waive fees on Grailed, you may want to sign the petition. The Total paid into my PayPal account was $17.16 as shown. Flight Club is a true retailer, and since all product is onsite in either a store or a warehouse, turnaround times are quick. The retail experience is relatively straightforward and all items are authenticated in-house at one of StockX's warehouses around the world. An example of a partner fee would be the website Grailed who currently charges a 6% fee for sales on their website. You are meeting our performance expectations. 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. grailed is easier to use for the most part and fees are either on par or lower. Cons Pick out what category is your Ebay store. Most categories, including Music > Vinyl Records and eBay Motors > Parts & Accessories, Automotive Tools & Supplies, and Safety & Security Accessories. While Ebay has its own flaws, Grailed no longer offers any real advantage to sellers since raising the Grailed fee. 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 offers competitive selling fees. Please read our Community Rules and Guidelines, Pay, shop, and do even more on the PayPal appGet the App. Competing on selling fees is also important since eBay does not compete with other resellers on authentication. PayPal fees are then added to that. 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. The item was purchased for $25 and the partner fee was $2.00. For US domestic payments, there is a payment processing fee of 3.49% + .49 USD.