PayPal fees are then added to that. And were still not done. To attract the attention of more buyers, you add the Bold listing upgrade. Here is one of many Travis Scott burgers from McDonalds we saw posted when it was first released. eBays listings allow sellers to specify multiple categories, item specifics, condition, and many other details. Shipping is a flat fee, so prices are relatively straightforward. Real Estate listings can be auction-style, fixed price, or in the Classified Ad format. How to Get Your Grailed Fees Waived Effortlessly. We've outlined the differences below. If you sign the petition, there may be a chance of getting the fee reduced. A listing upgrade fee is charged with any additional upgrades to your listing, such as extra categories or bolded titles. In an effort to compete with other sneakerhead-beloved resale platforms, the online auction giant also unveiled an authentication partnership with SneakerCon to verify popular items listed at $100 and up. Good for selling:Vintage items (including clothing, accessories, and music memorabilia), handmade goods, and craft supplies. Pros Grailed's commission helps us maintain the marketplace to make buying and selling as easy as possible. If you are found responsible for a disputed amount as per eBay policies (e.g., chargeback), we charge a $20.00 dispute fee, excluding sales tax, for each dispute. 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. eBay has 3 types of fees: Final Value Fee, Insertion Fee and Listing Upgrade Fee. Enter the total amount sold before fees & excluding shipping charges. The online marketplace exclusively for high-end men's designer clothes is Grailed. Sellers also like using StockX because it offers anonymity, and they can sell to buyers in over 200 countries and territories around the world. Each listing package offers different levels of bundled features for a set fee. 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. 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. 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. Otherwise, we charge a notice fee, whether or not you carry out the sale with the buyer. I agree that Paypal protection can be one sided. This is just speculation, but I'm guessing they'd pay out of their own pocket if they disagree with paypal in a case. Etsy also offers tools to help sellers manage and promote their online businesses, and Etsy lets you take advantage of shipping discounts. 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. How it works:Prospective sellers need to fill out an application through GOATs app. An example of a partner fee would be the website Grailed who currently charges a 6% fee for sales on their website. and our Getting paid:Some of the most common payment methods include PayPal, credit or debit cards, and Apple and Google Pay. Thank you so much for joining thePayPal Community, and I'm so sorry that the community was not able to answer your question. Getting paid:Payments through direct deposit or PayPal are subject to a 2.9 percent cash out fee. That said, some sites work better than others. 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. For other items that sell, theres a final value fee of two to 12.85 percent depending on the products category. Pros Enter the total amount sold before fees & excluding shipping charges. Applications are accepted on a rolling basis and can take days to be processed. Many prospective online sellers tend to consider StockX vs. eBay, two of the most popular online resale sites. Sneaker resellers have more options than ever and between consignment shops and marketplaces, there are countless ways to flip sneakers. 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. 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. Check out our top picks below. Do you know who does not physically authenticate ANY items? If your category is not listed this means no additional deduction is given. If you use the Classified Ad format, scheduling a listing will cost $0.10. Press J to jump to the feed. If you love high-end designer men's fashion but thought you couldn't afford it, then Grailed is the place for you. The site offers almost zero protection and all fraud cases are first worked through PayPal. GOAT is significantly more complex for sellers than other platforms. You can now calculate hundreds of your sold listings in a heartbeat with all the eBay & Paypal fees without having to do a thing! Pros Tax and shipping are tacked on after a purchase, and the store ships to most countries, though at a cost. When you set your price for an item, it should account for shipping and a 9% commission for Grailed. Would of chosen another payment method had I known I would get charged two fees. Grailed is the preeminent marketplace for mens fashion and streetwearobviously, that includes sneakers. I sold an item on eBay. Select Clothing, Shoes & Accessories categories: Free if starting price is $150 or more* - See: Notes for Basic fees. GOAT is an online only sneaker site that sells both new and lightly used sneakers. Commission and fees:If your item sells, youll earn 80 percent of the list price. I am also and have no idea why. At the end of the day, its a worthless service, and the time and money would be better spent elsewhere. DoNotPay will generate the best argument for your case and make sure your fee waiver request gets sent to the merchant for processing. 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.). Okay, we knowwere putting ourselves at the top of the list. Learn more about how zero insertion fee listings work, including the terms and exclusions for those listings. It feels like i am going in a circle. Currently only use ebay, grailed and poshmark. 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. For buyers it is straightforward, however for sellers the high commission can eat away at profits. 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! Cons 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. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. There is even a petition on Change.org to reduce the fee to 7.5%. 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 comparison, StockX brought in about $700 million last year, though that includes its other categories, which make up a smaller portion of . For a monthly subscription, you can run your own eBay Store. Of course there would also be the operation cost of investigating the case themselves. Fee amounts are based on the terms in effect when the listing goes live and when it renews. Enter the total amount charged for shipping to buyer. Submit your case! 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. Is it better than nothing? 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. Graileds 9% + 2.9% and 30 cent Paypal fee equates to 11.9% + 30 cents. I was wondering if Grailed has a similar side with the buyer no matter what policy or if they actually value their sellers. However, with the new update, items sold after March 1, 2022, are now 12.9% + $0.30 for every order on most categories. Additionally, authentication fees and duties (if you're an international shopper) can potentially add a significant price bump to any purchase. Thanks in advance. When you set your price for an item, it should account for shipping and a 9% commission for Grailed. Go to your, If your rate of 'Item not as described' return requests is evaluated in your. 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. Final value fee (13.25% of $424, + $0.30). - 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. Getting paid:Etsys secure payment system allows sellers to accept credit and debit cards, Apple Pay, Etsy gift cards, Google Wallet, and PayPal. Those below pay on a sliding scale, with the highest fees reaching 20 percent. An example of a partner fee would be the website Grailed who currently charges a 6% fee for sales on their website. Since Flight Club is still technically a brick and mortar store, prices tend to be a bit steeperthey have to cover rent and inventory. For those looking for cheap footwear options or shoes below market, GOAT can be difficult. The move comes as eBay is in the midst of trying to take back its prominence in the world of sneaker resale. The retail experience is relatively straightforward and all items are authenticated in-house at one of StockX's warehouses around the world. You select a starting price of $199, with a Buy It Now price of $400, and you offer free shipping. 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. No. The 500 Greatest Songs of All Time Once you actually sell an item, GOAT (like StockX) sends you a prepaid shipping label to send the sneakers to an authentication center. 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. All rights reserved. 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. 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? View cart for details. 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. Grailed is free for buyers and sellers pay a low commission fee. Charged per listing and per category. 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. StockX only allows brand new merchandise, meaning anyone with once-worn or slightly used sneakers is out of luck. Grailed additionally allows you to sell used sneakers as well, unlike competitors who only allow brand new ("deadstock") sneakers on site. According to the website, a grail is "the piece you obsess over but cannot ever find or afford." New to the community? How can i find who is taking this money out of my account. 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. 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. Payments are deposited directly into your bank account. Between raffles, bots and surprise drop dates, managing to score the sneakers you actually want is more difficult than ever. Grailed takes a commission when your items sell. Thats right, Grailed. I need some help please. eBay is an online marketplace where users buy and sell products. 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. Pros Is the partner fee basically the eBay fees when an item sells? Free for many users to make an account, Grailed offers low fees for sellers. We want to hear it. Like Flight Club, Stadium Goods lets consigners set their own prices, however works with them in order to try and match market cost. 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. You can use the Classified Ad format in the following categories: You can also use Classified Ads for selling Real Estate, but the fees are different see below for more information. 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.. For each time a transaction is made grailed takes a 9% commission of the sold price plus Paypal fees. StockX is less straightforward than competitors. 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. Thanks in advance. Sit back and relax while we do the work. 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. . These listings count towards your monthly zero insertion fee listings. By browsing this website, you consent to the use of cookies. Enter the tax percentage you are charged. 2013. 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! You've already used your allocation of zero insertion fee listings this month. Cons The platform announced the change less than 24 hours before it was implemented. 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. © 2023 Copyright Finalfees. 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. Well discuss authentication in detail below, and we dont have any new major seller features yet. Sneakers are a key area for growth for eBay. Please read our Community Rules and Guidelines, Pay, shop, and do even more on the PayPal appGet the App. 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. Grailed is an online fasion marketplace focused on vintage, high-end, and popular street brands such as, Champion, Nike or Gucci. All that said, I doubt Grailed actually offers their own 'protection' in many cases, if at all. 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. Newly Improved Ebay & Etsy Import System. You make $8,441.20, or approximately 89% of the sale price, not including shipping costs. If eBay converts your funds, the conversion will be completed at the transaction exchange rate we set for the relevant currency exchange. There are many online marketplaces. For comparison, StockX brought in about, 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. Appreciate the responses. First, potential sellers must apply in order to list items on the website. plus any PayPal fees. 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. Pay, shop, and do even more on the PayPal app. Pros Deduction on ebay fee for outstanding seller levels and performance. Each sale henceforth affects your score, with 2 points added for a successful sale and 10 points deducted for a poor sale. This does not make any sense. 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! Ebay takes all their fees in other ways so this is not coming from ebay and ebay directs me to paypal. 2 4 4 comments Best Add a Comment StockX acts as the middleman, meaning once your sneakers sell and you ship them to a StockX warehouse you are paid out. There are no fees for shopping or buying on Grailed. If your items are relisted automatically, you'll be charged insertion and optional listing upgrade fees each time your item is relisted. This is a. If you are hoping to fight or waive fees on Grailed, you may want to sign the petition. Seller fees. Post any item for free. The catalogue is similar to many competitors, and like many others only deals in brand new merchandise. But, trust us, theres a reason behind the blatant bias and ego. Paypal already charges 2% fee and on top of it charge another fee under title of "partner fee". Whats great about the resale platform is that it offers real-time pricing data and buyers can see the price history of specific items. 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. Shopping at either the website or brick and mortar locations is reminiscent of a traditional ecommerce or retail experience, respectively. For those in the New York area, selling requires almost no overhead and is very straightforward. We charge one final value fee when your item sells, and you don't have to worry about third-party payment processing fees. In order to sell, a user must fill out a sell form by finding the product and listing it on the website. How come. For buyers, there are no fees for using the platform. Sneakers are a key area for growth for eBay. Whatever percentage you'd agreed to when deciding to promote your listing. Flight Club is a true retailer, and since all product is onsite in either a store or a warehouse, turnaround times are quick. We have come across some oddities which are cause for concern. 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. 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 . That said, our team of round the clock moderators and community team are constantly working to ensure that items are received in a timely manner. The Fight and Waive Fees product is just one of the many products DoNotPay offers that will save you time and money. Does Grailed charge a payment processing fee? Getting paid:Once your item sells, youll receive payment through PayPal. Good for selling:Streetwear and sneakers, Popular brands: Jordan, Nike, Supreme, Off-White, Yeezy. 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. If you want to sell on Grailed, there is a 9% seller's fee. For sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. Cons Whether youre paring down your closet to just the essentials, you need some extra cash, or youre making way for spring and summer style arrivals, weve rounded up the best places online to sell your clothing, footwear, and accessories. Good for selling: Streetwear and sneakers, celebrity collaborations, and collectibles, Popular brands:A Bathing Ape, Cactus Jack, Fear of God, Supreme. If you need to refund the buyer or cancel the sale, you may be eligible for fee credits as per our fee credits policy. Here are some more articles to check out from the Fight And Waive Fees product series. Privacy Policy. So how does this 9% fee stack up? Commission and fees:Listing fee of 20 cents, five percent transaction fee, payment processing fee of three percent plus 25 cents. The move comes as eBay is in the midst of trying to, Sneakers are a key area for growth for eBay. While the fees are a terrible deal for sellers, the lack of protection is bad for victims of fraud. Pros How it was possibly authenticated is beyond comprehension. As such, it is important that collectors and sellers maintain products in deadstock condition so that theyre able to realize these long-term value gains., If youre reselling hypebeast-beloved streetwear and athletic brands such as Supreme, Jordan, and Yeezy as well as in-demand collaborations with musicians like Travis Scott and Justin Bieber, Cutler says that inventory will typically see high demand and will appreciate over time. Stock is limited to the product pages and catalogues the company has uploaded, meaning rare or highly specific product may be unavailable. You make $343.17, or approximately 86% of the sale price, not including shipping costs. 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. Check out some of the other product series and discover how you can save time and money using DoNotPay. 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. The bran will store your shoes and sell them on your behalf on its website, retail stores, or other sales channels. 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. 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 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. If your item sells, youll receive a pre-paid shipping label and your item will be authenticated before its shipped to the seller. For select categories, eBay also allows online escrow services, checks, money orders, and bank-to-bank transfers. 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. 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 . For those searching for mainstream new or lightly used sneakers, GOAT is a solid place to buy. Thats why its important to choose the right resale website for selling your clothes and accessories online. "by the website an item is sold from".. for me, this is ebay. When a seller sells something on Grailed, our fee is deducted within the transaction itselfand then Grailed's 6% partner fee is deducted separately. Commission and fees:Grailed takes a commission fee of nine percent, and sellers are also charged a PayPal payment processing fee of 2.9 percent plus 30 cents for domestic transaction and 4.4 percent plus 30 cents for international transactions. Enter the promotion percentage you are charged. 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. All Rights reserved. (Read our review about how to buy/sell sneakers on eBay here). If you offer or reference your contact information or ask a buyer for their contact information in the context of buying or selling outside of eBay, you'll be charged a final value fee based on the total amount of the sale even if your item doesn't sell. PayPal fees for transactions within the United States are 2.9 percent plus $0.30 per transaction, while. I was wondering if Grailed has a similar side with the buyer no matter what policy or if they actually value their sellers. Getting paid: Youll be notified via email if your item sells, and you can then request a direct deposit payment (which takes three to five business days to process) to your bank account. The Total paid into my PayPal account was $17.16 as shown. 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. The fees and benefits vary depending on the type of Store subscription you choose. No matter which format you choose, there are some rules you should be aware of, so please take a moment to read our Real estate policy. 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. 9%. 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. The amount you pay depends on the listing package you choose Basic, Premium, or Plus. 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. EBay said that, while it does not authenticate sneakers, there are a variety of ways to report fakes found on the site. 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. Ebay also still has a much bigger user base. Nothing mentioned before payment was made. Cons Grailed takes a commission when your items sell. Buying sneakersnew or otherwisecan be a challenge. You're selling a trading card for $9,500 with free shipping. Kidizen Selling Fees: Kidizen selling fees are 12% + $0.50 of the sale price. 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. 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. Curious where everyone sells and what, I'm looking to get into other platforms. Do you have an eBay Store or want to sell vehicles? 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. 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. Send us a tip using our anonymous form. eBay has 3 types of fees: Final Value Fee, Insertion Fee and Listing Upgrade Fee. Upgrades you have selected for your listing. I am scared to list half my inventory because of scammers and eBay's policies. Date founded. Lastly, our offer system allows you to directly negotiate with a seller to work towards an ideal price. 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. Pick out what category is your Ebay store. When a task is too time-consuming or confusing, the chances are that DoNotPay has a product for that. For men's athletic shoes, there's no final value fee if the pair sells. On top of the fee structure, each sale invokes an additional flat region-dependent tax that ranges from $5-$30. But were not finished. You're selling the latest version of a smartphone in used condition using a 10-day duration. 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.