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! Absolutely. Lets start with the obvious, that 9% fee. Click Here To Try It NowClick Here For Tutorial. I do best on Ebay. 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. The move comes as eBay is in the midst of trying to, Sneakers are a key area for growth for eBay. Do you know who does not physically authenticate ANY items? 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. How to Get Your Grailed Fees Waived Effortlessly. The partner fee is the fee you're charged for "promoting" your listing on eBay. With a big marketing push, StockX has established itself as setting the market rate for many of the most hyped sneakers. It will have seven more mystery drops daily starting on Thursday. Similar to Flight Club, Stadium Goods is a consigner that has a significant online presence. https://www.finalfees.com is neither endorsed by nor affiliated with any with them, nor is the accuracy of its results guaranteed. Kidizen Selling Fees: Kidizen selling fees are 12% + $0.50 of the sale price. I need some help please. Heres another we randomly came across, nearly a year after this article was originally written. Commission and selling fees : For sellers listing 200 items or less, eBay does not charge an insertion or listing fee. Here is a listing we came across when it was first listed. EDIT: To clarify, I'm only selling new, unused products. Privacy Policy. How it works:Sellers list their own items with at least three photos, details, and pricing, and then select categories such as Grailed, Hype, Sartorial, and Core. no need to bend over backwards when you loose out on your item and money. Thanks in advance. Stock is limited to the product pages and catalogues the company has uploaded, meaning rare or highly specific product may be unavailable. Cons Thats why its important to choose the right resale website for selling your clothes and accessories online. While Flight Club has almost every new release you may be searching for, older modelswhich are more difficult to authenticateare often not available. 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! Now available on Google Chrome Web Store. If your items are relisted automatically, you'll be charged insertion and optional listing upgrade fees each time your item is relisted. Pros Here are a few options to try. 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. View cart for details. Plus, StockX physically authenticates every pair of shoes that gets sold on the platform. You're selling a trading card for $9,500 with free shipping. If you want to sell on Grailed, there is a 9% seller's fee. Given our current sneaker climate and demand far outweighing supply, the converse is true as well. You make $343.17, or approximately 86% of the sale price, not including shipping costs. You can now calculate hundreds of your sold listings in a heartbeat with all the eBay & Paypal fees without having to do a thing! How it works: Sellers are responsible for all listing details, including descriptions and photographs. So it is still worth using Grailed? Here is one of many Travis Scott burgers from McDonalds we saw posted when it was first released. 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. 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. While Ebay has its own flaws, Grailed no longer offers any real advantage to sellers since raising the Grailed fee. 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. I sold an item on eBay. The 500 Greatest Songs of All Time All you have to do is connect with your eBay account and that's it. Grailed Fees Anyone else flabbergasted at Grailed's fees now? If your registered address is in the US, the seller currency conversion charge applied and retained by eBay is 3%. 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. 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. 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. Something went wrong. It was raised on August 12th, 2020 from 6%. Deduction on ebay fee for having an Ebay store(Basic, Premium, and Anchor Stores all charge the same rate). Once rivals in the space, early last year GOAT and consignment shop Flight Club merged into one company. And were still not done. 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 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. 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. Between raffles, bots and surprise drop dates, managing to score the sneakers you actually want is more difficult than ever. There is not much chance the fee will be waived using any method. For sellers, Grailed feeshave gone up to 9%. While Flight Club recommends prices, sellers are allowed to list their own, which means often sneakers are priced above market. Well discuss authentication in detail below, and we dont have any new major seller features yet. Fees: Grailed takes 6 percent as a commission. For sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. 1999-2023 PayPal, Inc. All rights reserved. Grailed claims to offer their own protection which I have yet to hear any testimonials about, just constant copy pasta from Grailed staff. the more you sell, the less you pay. They usually view the seller as guilty until proven innocent. 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. eBay has 3 types of fees: Final Value Fee, Insertion Fee and Listing Upgrade Fee. If exchange rates are set by law or regulation, the base exchange rate reflects the government reference rates. The $0.30 per order is not charged. 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. Cons 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. PayPal fees for transactions within the United States are 2.9 percent plus $0.30 per transaction, while. 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. (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). Good for selling: Streetwear and sneakers, celebrity collaborations, and collectibles, Popular brands:A Bathing Ape, Cactus Jack, Fear of God, Supreme. The 100 Best Albums of 2022. How it was possibly authenticated is beyond comprehension. The wesite I sold my record from charges 200 sek for that but but Paypal made it 250 sek. When a seller sells something on Grailed, our fee is deducted within the transaction itselfand then Grailed's 6% partner fee is deducted separately. To support this change and bring more attention to its sneaker category, eBay began dropping a new colorway of the Yeezy 700 for below the retail price every day since Tuesday. See how it works. 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. 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. When the petition has gained enough attention, the platform may reevaluate the fee. Final value fee (13.25% of $7,500, + 2.35% of $2,570, + $0.30). Once you factor in PayPal fees, Grailed becomes a problem. Good for selling:Streetwear and sneakers, Popular brands: Jordan, Nike, Supreme, Off-White, Yeezy. If you're a registered 501(c)(3) non-profit, then our fee is2.2% + $0.30 per transaction. eBay is an online marketplace where users buy and sell products. But as of Tuesday, sneakers no longer carry any selling fees for pairs sold for more than $100. Select the payment method you received based on buyer's location. Each sale henceforth affects your score, with 2 points added for a successful sale and 10 points deducted for a poor sale. Grailed by the numbers. After you drop off your sneakers, Flight Club handles the rest as you sit back and get paid. That said, if youre looking to enter the resell game, GOAT may prove difficult. Curious where everyone sells and what, I'm looking to get into other platforms. 20% difference. There are no fees for shopping or buying on Grailed. 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. Getting paid:Some of the most common payment methods include PayPal, credit or debit cards, and Apple and Google Pay. 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. 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. Fees are different for Store subscribers and for selling vehicles. 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. A bustling thoroughfare of designer goods. I wonder how these made it through the filter if every item is reviewed? The fees for selling a vehicle on eBay Motors are different from the fees for selling items in other categories. Popular brands:Nike, Louis Vuitton, Visvim, Levis, Raf Simons, Good for selling:Luxury menswear, streetwear, and sneakers. Grailed commission fees Post any item for free. GOAT focuses exclusively on footwear, predominantly recent drops and noteworthy collaborations. 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. 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. But, if you are willing/can afford losing an item, it's useful for a few extra sales imo. 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. 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. Grailed takes a commission when your items sell. We've outlined the differences below. PirateShipis our suggestion, and they make it easy to ship with USPS or UPS. Stadium Goods is a similar experience to many other platforms, offering a wide array of sneakers varying in cost due to size and demand. To attract the attention of more buyers, you add the Bold listing upgrade. The amount you pay depends on the listing package you choose Basic, Premium, or Plus. The platform uses PayPal to process payments, so you will have to pay a PayPal seller's feeas well. 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. For those searching for mainstream new or lightly used sneakers, GOAT is a solid place to buy. Reserve price in select Business & Industrial categories: International site visibility for auction-style listings, International site visibility for fixed price listings. The fees and benefits vary depending on the type of Store subscription you choose. 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. For comparison, StockX brought in about $700 million last year, though that includes its other categories, which make up a smaller portion of . These platforms have, expanding their internal authentication teams, PFW Briefing: Lanvin digs into archives for partnership with beauty brand Carita, Week in Review: Milan Fashion Week edition, JCPenney kicks off Prabal Gurung collab with a Meatpacking District pop-up, Glossy Pop Newsletter: The Bold Glamour filter and just how far fake beauty can go, Este Lauder Companies Fabrizio Freda ranks second on Overpaid CEOs list. Cons Commission and fees:If your item sells, youll earn 80 percent of the list price. 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. So if you take the Sold price - Shipping (Grailed Label) - Grailed Fee - Paypal Fee = $434.09 Your ultimate amount released to your Paypal Account. Charged whether or not your item sells. Whats great about the resale platform is that it offers real-time pricing data and buyers can see the price history of specific items. Maybe. That said, some sites work better than others. Editors picks If youre looking to cop a pair of hyped sneakers online, its great. 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. Grailed is free for buyers and sellers pay a low commission fee. TheGrailed authentication pagedetails what is considers a high-risk item and this certainly meets the criteria. 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. Grailed offers the lowest fees of any platform around at just nine percent (plus Paypal fees). My currency is set to sek both on website and on paypal. Select Clothing, Shoes & Accessories categories: Free if starting price is $150 or more* - See: Notes for Basic fees. 8% if total amount of the sale is $150 or more. plus any PayPal fees. If this post or any other was helpful, please enrich the community by giving kudos or accepting it as a solution. If you compare them, you are sure to find one that has a more agreeable seller's fee. Here are some more articles to check out from the Fight And Waive Fees product series. 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. Currently only use ebay, grailed and poshmark. Ebay also still has a much bigger user base. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. This was a listing from a user with no feedback, selling an expensive sweater from The Elder Statesman, and only using stock photos from the brands own website. Etsy also offers tools to help sellers manage and promote their online businesses, and Etsy lets you take advantage of shipping discounts. The main reason users are so upset is because they feel like there was no warning. What separates eBay from other sellers is our strong partnerships with other brands. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Click Here To Try It NowClick Here For Tutorial. The fee was raised from 6% in August. 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. Even though I've listed items plenty of times, I still make mistakes. It's absolutely terrible for the seller. I am scared to list half my inventory because of scammers and eBay's policies. DoNotPay will generate the best argument for your case and make sure your fee waiver request gets sent to the merchant for processing. The total amount of the sale is $10,070 (includes 6% sales tax). Read more about our, Charged only once per listing for listings with multiple items. Grailed is a popular marketplace that is known for menswear! eBay Cracks Down on Sneaker Counterfeits With Authenticity Guarantee Program Our expert moderators ensure all listings posted for sale are 100% authentic. For sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. Why am i paying 11 partners fee for a 36 order? If you are hoping to fight or waive fees on Grailed, you may want to sign the petition. 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. Enter the promotion percentage you are charged. ABOUT EBAY FEES. Most categories, including Music > Vinyl Records and eBay Motors > Parts & Accessories, Automotive Tools & Supplies, and Safety & Security Accessories. Getting paid:Payments through direct deposit or PayPal are subject to a 2.9 percent cash out fee. 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. As sellers keep a greater portion of each sale, they can charge a lower sticker price, which means sneakers are often below market." According to the website, a grail is "the piece you obsess over but cannot ever find or afford." Flight Club operates under a traditional consignment model. Be sure to also check out any relevant payment processing fees that may apply to your transaction. 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. These listings count towards your monthly zero insertion fee listings. 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) If you need to refund the buyer or cancel the sale, you may be eligible for fee credits as per our fee credits policy. Related Stories To list an item, there are 13 required fields, and at least 20 more optional ones. Press question mark to learn the rest of the keyboard shortcuts. Once you actually sell an item, GOAT (like StockX) sends you a prepaid shipping label to send the sneakers to an authentication center. For sellers, GOAT is not an ideal website. After your request is reviewed and approved, you can ship your item directly to Stadium Goods or drop it off at the companys Market Centers in Chicago and New York for inspection and verification. Sellers also like using StockX because it offers anonymity, and they can sell to buyers in over 200 countries and territories around the world. If you use the Classified Ad format, scheduling a listing will cost $0.10. We have come across some oddities which are cause for concern. For each time a transaction is made grailed takes a 9% commission of the sold price plus Paypal fees. But were not finished. Otherwise, we charge a notice fee, whether or not you carry out the sale with the buyer. Gallery Plus Grailedhas recently faced some backlash from users after raising their fee / commission to 9%. 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. 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'? If you only offer 1-day or international shipping but no cheaper option like domestic shipping, the total amount of the sale is calculated based on the service the buyer chooses. 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. Is the partner fee basically the eBay fees when an item sells? 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. However, you can also use a third-party shipping site to get the discounted rate, regardless of whether you sell on Ebay or Grailed. The higher of the two final value fees is charged, if your item sells, Reserve price Please read our Community Rules and Guidelines, Pay, shop, and do even more on the PayPal appGet the App. It seems like no matter what the issue is with the transaction, eBay will always side with the buyer. Good for selling:Vintage and new clothing, sneakers, collectibles, music memorabilia, Popular brands:Jordan, Yeezy, Nike, Adidas, New Balance. I have only used Ebay and Grailed. 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. Many prospective online sellers tend to consider StockX vs. eBay, two of the most popular online resale sites. For example, while eBay charges around 10% commission, Grailed's selling fees are only 9%, saving you a little money on each sale. The conversion charge is a fixed percentage applied to the base exchange rate and retained by eBay. 10 people found this solution to be helpful. So how does this 9% fee stack up? It seems like no matter what the issue is with the transaction, eBay will always side with the buyer. Enter the tax percentage you are charged. Good for selling: New, unused good condition sneakers, Popular brands:Adidas, Jordan, Nike, Yeezy. Deduction on ebay fee for outstanding seller levels and performance. For international payments, there is a payment processing fee of 4.99% + .49 USD. One of the first sneaker consignment shops, Flight Club transformed from a simple retailer to a powerful online sneaker buying and selling platform. How can i find who is taking this money out of my account. For listing high-quality goods that are coveted. Then once properly authenticated, the item is shipped and the seller is paid. EBay typically charges around 10% of the items sale value, with variations based on the product sold and the sellers account tier. A partner fee is different from the PayPal fee for using our services to receive payments and will usually say in the transaction details. What is Grailed's commission fee used for? StockX is less straightforward than competitors. 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. For that reason, there are other better alternatives. Hi, I'm a relatively new, but experienced eBay user with about a year (100~) worth of sales to show for it. 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. Lastly, our offer system allows you to directly negotiate with a seller to work towards an ideal price. 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. At the end of the day, its a worthless service, and the time and money would be better spent elsewhere. StockX acts as the middleman, meaning once your sneakers sell and you ship them to a StockX warehouse you are paid out. For buyers it is straightforward, however for sellers the high commission can eat away at profits. How it works:Prospective sellers need to fill out an application through GOATs app. If eBay converts your funds, the conversion will be completed at the transaction exchange rate we set for the relevant currency exchange. For listing mainstream brands that are well-known. First, potential sellers must apply in order to list items on the website. EDIT: To clarify, I'm only selling new, unused products. 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. Getting paid:Once your item sells, youll receive payment through PayPal. just sit. 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. In order to sell, a user must fill out a sell form by finding the product and listing it on the website. 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 have already completed the transaction, you can contact customer service and request the fee be refunded. Enter the total amount sold before fees & excluding shipping charges. Its up to you to determine whether to continue selling at one or both sites, but we have made made our argument and we rest our case. 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. Pros Fortunately, selling fees on Grailed are slightly lower than many other large selling sites such as eBay. Grailed mostly only sell luxury. When you set your price for an item, it should account for shipping and a 9% commission for Grailed. The online marketplace exclusively for high-end men's designer clothes is Grailed. 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, Competing on selling fees is also important since eBay does not compete with other resellers on authentication.