As time goes on and deadstock supply declines, this tends to put upward pressure on resale prices. Grailed fee: $3.03 ($1.80 Grailed commission + $1.23 payment processing fee) You make: $16.97 . The total amount of the sale is $10,070 (includes 6% sales tax). An example of a partner fee would be the website Grailed who currently charges a 6% fee for sales on their website. Send us a tip using our anonymous form. If there is a good reason for the request, you may be able to get a refund. The fee is around 2.9% domestic and around 4.4% international. © 2023 Copyright Finalfees. 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. Enter the total amount sold before fees & excluding shipping charges. Did you ever find an answer of why you are being charged a partner fee by ebay? If exchange rates are set by law or regulation, the base exchange rate reflects the government reference rates. 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. There is even a petition on Change.org to reduce the fee to 7.5%. When the petition has gained enough attention, the platform may reevaluate the fee. Post any item for free. These platforms have invested heavily in expanding their internal authentication teams, citing consumer trust as a valuable asset to cultivate. Press J to jump to the feed. Were going to breakdown whether that fee is reasonable, or whether youre better off selling onEbayorStockX. And were still not done. 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 . 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. 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. The fee was raised from 6% in August. Fees for Real Estate listings include an insertion fee, a notice fee, and fees for any optional listing upgrades you choose. Ebay has been charging a 10% fee for quite a while, and Paypal charges 2.9% + 30 cents per transaction = 12.9% + 30 cents. Those below pay on a sliding scale, with the highest fees reaching 20 percent. my hype items never, I think its hard to sell unless you are the lowest priced. 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. 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) 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. 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. Fee amounts are based on the terms in effect when the listing goes live and when it renews. While the fees are a terrible deal for sellers, the lack of protection is bad for victims of fraud. Get news and analysis about fashion, beauty and culture delivered to your inbox every morning. For each time a transaction is made grailed takes a 9% commission of the sold price plus Paypal fees. Sneaker resellers have more options than ever and between consignment shops and marketplaces, there are countless ways to flip 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. Stock is limited to the product pages and catalogues the company has uploaded, meaning rare or highly specific product may be unavailable. Good for selling:Vintage items (including clothing, accessories, and music memorabilia), handmade goods, and craft supplies. Pick out what category is your Ebay store. The platform uses PayPal to process payments, so you will have to pay a PayPal seller's feeas well. Popular brands:Nike, Louis Vuitton, Visvim, Levis, Raf Simons, Good for selling:Luxury menswear, streetwear, and sneakers. The catalogue is similar to many competitors, and like many others only deals in brand new merchandise. eBay Cracks Down on Sneaker Counterfeits With Authenticity Guarantee Program Grailed Fees Anyone else flabbergasted at Grailed's fees now? 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. For those in the New York area, selling requires almost no overhead and is very straightforward. 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. just sit. Read more about our, Charged only once per listing for listings with multiple items. For its service, Flight Club charges a 20 percent flat rate fee on every pair of sneakers solda hefty price compared to competitors. Create an account to follow your favorite communities and start taking part in conversations. Cons This is a huge advantage for Ebay over Grailed. For men's athletic shoes, there's no final value fee if the pair sells. If youre looking to cop a pair of hyped sneakers online, its great. For example, while eBay charges around 10% commission, Grailed's selling fees are only 9%, saving you a little money on each sale. Here is a listing we came across when it was first listed. At the end of the day, its a worthless service, and the time and money would be better spent elsewhere. 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. the more you sell, the less you pay. 1, 3, 5, 7, or 10-day listing (1 and 3-day auction-style listings cost an additional $1). While Flight Club recommends prices, sellers are allowed to list their own, which means often sneakers are priced above market. EDIT: To clarify, I'm only selling new, unused products. They usually view the seller as guilty until proven innocent. eBay is an online marketplace where users buy and sell products. Still, in terms of depth and variety, no one holds a candle to us. While Ebay has its own flaws, Grailed no longer offers any real advantage to sellers since raising the Grailed fee. Given our industry low fee structure, sneakers are legitimately cheaper on Grailed. The website offers a traditional retail experience, with worldwide shipping and simple buying mechanics, search functionality and so forth. The Best Websites To Buy and Sell Sneakers. Appreciate the responses. Listing items is not for the faint of heart. Cons I was wondering if Grailed has a similar side with the buyer no matter what policy or if they actually value their sellers. 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. The item sells immediately for the Buy It Now price of $400. eBay is an online marketplace where users buy and sell products. We hate to say it, but if youre looking to buy or sell rare or vintage sneakers, theres no better place than Grailed. Reserve price in select Business & Industrial categories: International site visibility for auction-style listings, International site visibility for fixed price listings. plus any PayPal fees. 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. Kidizen Selling Fees: Kidizen selling fees are 12% + $0.50 of the sale price. Free for many users to make an account, Grailed offers low fees for sellers. 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. On top of the fee structure, each sale invokes an additional flat region-dependent tax that ranges from $5-$30. Similar to Flight Club, Stadium Goods is a consigner that has a significant online presence. 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. From StockX to eBay, these online marketplaces will help turn your clothes and kicks (and more) into cash, Got Unworn Kicks and Closet Castoffs? Whats great about the resale platform is that it offers real-time pricing data and buyers can see the price history of specific items. Check out some of the other product series and discover how you can save time and money using DoNotPay. Given our current sneaker climate and demand far outweighing supply, the converse is true as well. See how it works. Absolutely. Click Here To Try! Click Here To Try It NowClick Here For Tutorial. Search "appeal fees" on DoNotPay, choose the Fight and Waive Fees product, and select the type of fee you want to appeal. 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. Date founded. 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. Pros 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. It's absolutely terrible for the seller. It seems like no matter what the issue is with the transaction, eBay will always side with the buyer. (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). You make $8,441.20, or approximately 89% of the sale price, not including shipping costs. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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? If you have already completed the transaction, you can contact customer service and request the fee be refunded. - 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. The only true sneaker marketplace, you can communicate directly with your potential buyer, inducting them into the Grailed community. 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. Pros That said, higher fees and longer wait times make selling on StockX a longer process than competitors. Why am i paying 11 partners fee for a 36 order? Thank you so much for joining thePayPal Community, and I'm so sorry that the community was not able to answer your question. Gallery Plus It feels like i am going in a circle. 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. Commission and fees:If your item sells, youll earn 80 percent of the list price. All Rights Reserved. Tip Real Estate listings can be auction-style, fixed price, or in the Classified Ad format. So if you take the Sold price - Shipping (Grailed Label) - Grailed Fee - Paypal Fee = $434.09 Your ultimate amount released to your Paypal Account. Seller fees. Each sale henceforth affects your score, with 2 points added for a successful sale and 10 points deducted for a poor sale. If your item sells, youll receive a pre-paid shipping label and your item will be authenticated before its shipped to the seller. When you set your price for an item, it should account for shipping and a 9% commission for Grailed. What are the seller fees? If you sign the petition, there may be a chance of getting the fee reduced. StockX only allows brand new merchandise, meaning anyone with once-worn or slightly used sneakers is out of luck. The 100 Best Albums of 2022. Select Clothing, Shoes & Accessories categories: Free if starting price is $150 or more* - See: Notes for Basic fees. Pros TheGrailed authentication pagedetails what is considers a high-risk item and this certainly meets the criteria. Pros Sellers also like using StockX because it offers anonymity, and they can sell to buyers in over 200 countries and territories around the world. For sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. If eBay converts your funds, the conversion will be completed at the transaction exchange rate we set for the relevant currency exchange. And what are the best ways to make sure you get the most money back from your unworn wares? Plus, StockX physically authenticates every pair of shoes that gets sold on the platform. My currency is set to sek both on website and on paypal. This does not make any sense. 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. 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. 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. These listings count towards your monthly zero insertion fee listings. How can i find who is taking this money out of my account. We have helped over 300,000 people with their problems. How it works: Sellers list sneakers that they want to sell via consignment through Stadium Goods Seller Portal. https://www.finalfees.com is neither endorsed by nor affiliated with any with them, nor is the accuracy of its results guaranteed. I have only used Ebay and Grailed. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Every sneaker is in deadstock condition, meaning brand new, unworn in the original packaging. Charged whether or not your item sells. According to eBay, I was also charge the final value fees as well I feel like BH Im being charged twice. 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. Cons Worth noting, on any site your likelihood of being scammed increases if you're selling hype items that appeal to a younger audience. PayPal fees for transactions within the United States are 2.9 percent plus $0.30 per transaction, while. Please read our Community Rules and Guidelines, Pay, shop, and do even more on the PayPal appGet the App. But as of Tuesday, sneakers no longer carry any selling fees for pairs sold for more than $100. 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. Grailed is an online fasion marketplace focused on vintage, high-end, and popular street brands such as, Champion, Nike or Gucci. 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. Since Flight Club is still technically a brick and mortar store, prices tend to be a bit steeperthey have to cover rent and inventory. Something went wrong. How it works:Prospective sellers need to fill out an application through GOATs app. Once youre approved, GOAT assigns each seller a seller score, which begins at 90. I was wondering if Grailed has a similar side with the buyer no matter what policy or if they actually value their sellers. and our PayPal's seller's fee varies and is based on the location of the buyer's billing address. I've managed to keep 100% positive feedback, but found myself being forced to bend over backwards for some less than desirable buyers. 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. Insertion fees for Classified Ads are $9.95 for a 30-day listing and there are no final value fees. EBay typically charges around 10% of the items sale value, with variations based on the product sold and the sellers account tier. What is a partner fee? A comparison of marketplace fees on eBay, Poshmark, Mercari, Etsy, Facebook Marketplace and more. 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. GOAT is significantly more complex for sellers than other platforms. Good for selling: New, unused good condition sneakers, Popular brands:Adidas, Jordan, Nike, Yeezy. 37 19 19 comments Best Add a Comment . 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. It will have seven more mystery drops daily starting on Thursday. Your Guide to the Best Menswear Fashion Deals, But were not finished. You can enhance your listings to help make them stand out by adding certain features, such as a subtitle, or bold font. Grailed's commission helps us maintain the marketplace to make buying and selling as easy as possible. 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.). That's less than half a percent difference, in favor of Grailed. Cons How it works: Sellers are responsible for all listing details, including descriptions and photographs. If you compare them, you are sure to find one that has a more agreeable seller's fee. Is it a complete waste of time and resources for them? 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.