Is it a complete waste of time and resources for them? If you use the Classified Ad format, scheduling a listing will cost $0.10. If you run out of free listings, a $0.30 . Pros There are no fees for shopping or buying on Grailed. - 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. For each time a transaction is made grailed takes a 9% commission of the sold price plus Paypal fees. Grailed takes a commission when your items sell. 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. Grailed puts your grail within reach. In general, sellers tend to make less money per sale than with competitors. 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. 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. For that reason, there are other better alternatives. The retail experience is relatively straightforward and all items are authenticated in-house at one of StockX's warehouses around the world. Pros I wonder how these made it through the filter if every item is reviewed? What is a partner fee? 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. One of the first sneaker consignment shops, Flight Club transformed from a simple retailer to a powerful online sneaker buying and selling platform. The delivery address for the item (entered by the buyer during checkout) is outside the US, The buyer's registered address is outside the US (regardless of the delivery address for the item), If you use supplemental services, such as buying and printing, Sellers may be invoiced for fees under certain circumstances, The fees on this page apply to listings on eBay.com. Thank you so much for joining thePayPal Community, and I'm so sorry that the community was not able to answer your question. Were going to breakdown whether that fee is reasonable, or whether youre better off selling onEbayorStockX. You are meeting our performance expectations. Ebay is the most obvious competitor to compare against. This means it is most likely that your fees will be higher when selling on Grailed than on Ebay once you account for shipping. Since Flight Club is still technically a brick and mortar store, prices tend to be a bit steeperthey have to cover rent and inventory. All rights reserved. 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. 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 fees and benefits vary depending on the type of Store subscription you choose. I says to find it in orders/ebay and it's not there, not hing i can find and any questions regarding this Partner fee directs me to this answer. Keep in mind that all these still depend on the subscription model of the seller. The platform uses PayPal to process payments, so you will have to pay a PayPal seller's feeas well. 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. The amount you pay depends on the listing package you choose Basic, Premium, or Plus. You can enhance your listings to help make them stand out by adding certain features, such as a subtitle, or bold font. There is not much chance the fee will be waived using any method. Pick out what category is your Ebay store. 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. Cons PayPal's seller's fee varies and is based on the location of the buyer's billing address. 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. How come. "by the website an item is sold from".. for me, this is ebay. So if you take the Sold price - Shipping (Grailed Label) - Grailed Fee - Paypal Fee = $434.09 Your ultimate amount released to your Paypal Account. 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. I am also and have no idea why. 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. Select the merchant you want to appeal fees for and enter the details of your transaction, including an associated account if you have one. Would of chosen another payment method had I known I would get charged two fees. So how does this 9% fee stack up? Graileds authentication process is a combination of human and machine moderation. Between raffles, bots and surprise drop dates, managing to score the sneakers you actually want is more difficult than ever. Cons Browse the most sought after Ebay clothing including Short Sleeve T-Shirts, Light Jackets, Hats, & more. Sneakers are a key area for growth for eBay. These listings count towards your monthly zero insertion fee listings. 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. Check out our top picks below. For comparison, StockX brought in about $700 million last year, though that includes its other categories, which make up a smaller portion of the companys total revenue. You can now calculate hundreds of your sold listings in a heartbeat with all the eBay & Paypal fees without having to do a thing! 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. The first thing you should know is that Grailed does not personally inspect any items. the more you sell, the less you pay. Sneaker resellers have more options than ever and between consignment shops and marketplaces, there are countless ways to flip sneakers. 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 online marketplace exclusively for high-end men's designer clothes is Grailed. 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.). How it works:Prospective sellers need to fill out an application through GOATs app. Getting paid:Once your item sells, youll receive payment through PayPal. You make $8,441.20, or approximately 89% of the sale price, not including shipping costs. There are many online marketplaces. If your registered address is in the US, the seller currency conversion charge applied and retained by eBay is 3%. Unlike other websites, GOAT functions differently as it is predominantly geared towards buyers. 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? An order is defined as any number of items purchased by the same buyer at checkout with the same shipping method. 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.. 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 . Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. The Fight and Waive Fees product is just one of the many products DoNotPay offers that will save you time and money. Editors picks So how do we know who this partner is? Grailed's 9% + 2.9% and 30 cent Paypal fee equates to 11.9% + 30 cents. Select Clothing, Shoes & Accessories categories: Free if starting price is $150 or more* - See: Notes for Basic fees. Maybe. Send us a tip using our anonymous form. eBay was founded in 1995, and it definitely shows in the user interface. All that said, I doubt Grailed actually offers their own 'protection' in many cases, if at all. 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. Here are some more articles to check out from the Fight And Waive Fees product series. 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. The total amount of the sale is $10,070 (includes 6% sales tax). Commission and selling fees : For sellers listing 200 items or less, eBay does not charge an insertion or listing fee. For sellers, Grailed feeshave gone up to 9%. Grailed is free for buyers and sellers pay a low commission fee. If you need to refund the buyer or cancel the sale, you may be eligible for fee credits as per our fee credits policy. 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. Thats less than half a percent difference, in favor of Grailed. Do you have an eBay Store or want to sell vehicles? It feels like i am going in a circle. 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. Home cleaning often comes with the realization that youve amassed way too much stuff including in your wardrobe. But how exactly do you sell clothing online? till you get on grailedyou just wait. That said, if you maintain a high seller score, deal predominantly in new sneakersthough GOAT does allow used pairs as wellthen you can potentially make money. 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. My currency is set to sek both on website and on paypal. I was so confused by this topic I called E-bay and the partner fees are for Sales Tax added to the price a buyer pays for instance I sold an item on E-bay for $12.00. When you set your price for an item, it should account for shipping and a 9% commission for Grailed. First, potential sellers must apply in order to list items on the website. All Rights Reserved. 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. All Rights Reserved. Youll get paid through PayPal and use the payment platform to print a shipping label. 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. If exchange rates are set by law or regulation, the base exchange rate reflects the government reference rates. 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. Many Grailed users are very upset about the fee increase and want to know how to fight or waive the fee. For Sneakers over $100 in value, the fee is 8%. As Flight Club is a true consignor, you are only paid once your sneakers sell. If there is a good reason for the request, you may be able to get a refund. However, you can also use a third-party shipping site to get the discounted rate, regardless of whether you sell on Ebay or Grailed. Since you aren't charging the buyer for shipping or any other costs, $424 is the total amount of the sale (includes 6% sales tax). By browsing this website, you consent to the use of cookies. Is the partner fee basically the eBay fees when an item sells? 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 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. Fees for Real Estate listings include an insertion fee, a notice fee, and fees for any optional listing upgrades you choose. 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. Tip Sneakers are a key area for growth for eBay. It seems like no matter what the issue is with the transaction, eBay will always side with the buyer. 37 19 19 comments Best Add a Comment 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. 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. Grailed's commission helps us maintain the marketplace to make buying and selling as easy as possible. A bustling thoroughfare of designer goods. New to the community? Buying sneakersnew or otherwisecan be a challenge. 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. eBay is an online marketplace where users buy and sell products. and our Flight Club only deals in new sneakers. That said, higher fees and longer wait times make selling on StockX a longer process than competitors. For those looking for cheap footwear options or shoes below market, GOAT can be difficult. Ebay has been charging a 10% fee for quite a while, and Paypal charges 2.9% + 30 cents per transaction = 12.9% + 30 cents. 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. I need some help please. . my hype items never, I think its hard to sell unless you are the lowest priced. Even though I've listed items plenty of times, I still make mistakes. 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. The platform announced the change less than 24 hours before it was implemented. Grailed claims to offer their own protection which I have yet to hear any testimonials about, just constant copy pasta from Grailed staff. Be sure to also check out any relevant payment processing fees that may apply to your transaction. 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. Once the item sells, the user ships it to an authentication center, or drops it off at one of only a handful physical locations. The only true sneaker marketplace, you can communicate directly with your potential buyer, inducting them into the Grailed community. 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) Reddit and its partners use cookies and similar technologies to provide you with a better experience. Fees are different for Store subscribers and for selling vehicles. Grailedhas recently faced some backlash from users after raising their fee / commission to 9%. If eBay converts your funds, the conversion will be completed at the transaction exchange rate we set for the relevant currency exchange. Check out some of the other product series and discover how you can save time and money using DoNotPay. 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. Cons Graileds 9% + 2.9% and 30 cent Paypal fee equates to 11.9% + 30 cents. If you are hoping to fight or waive fees on Grailed, you may want to sign the petition. The item sells immediately for the Buy It Now price of $400. Upgrades you have selected for your listing. Go to your, If your rate of 'Item not as described' return requests is evaluated in your. 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. 13.25% if total amount of the sale is less than $150. (Read our review about how to buy/sell sneakers on eBay here). Enter the tax percentage you are charged. Free for many users to make an account, Grailed offers low fees for sellers. eBays listings allow sellers to specify multiple categories, item specifics, condition, and many other details. 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. You select a starting price of $199, with a Buy It Now price of $400, and you offer free shipping. Getting paid:Payments through direct deposit or PayPal are subject to a 2.9 percent cash out fee. For sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. Listing items is not for the faint of heart. A partner fee is different from the PayPal fee for using our services to receive payments and will usually say in the transaction details. 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. The Grailed marketplaceallows people to sell men's clothes, shoes, and accessories from high-end designers. How it works: Sellers are responsible for all listing details, including descriptions and photographs. We hate to say it, but if youre looking to buy or sell rare or vintage sneakers, theres no better place than 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 lower selling fees by an average of 10% across all categories. Does Grailed charge a payment processing fee? PayPal fees for transactions within the United States are 2.9 percent plus $0.30 per transaction, while. 1999-2023 PayPal, Inc. All rights reserved. The catalogue is similar to many competitors, and like many others only deals in brand new merchandise. While Amazon charges nearly 15% and eBay isn't far behind at 13% Grailed charges close to 10%. * Starting price is the starting price (auction-style listings) or Buy It Now price (fixed price listings) of your listing, and doesn't include shipping, handling, taxes, or fees. Here is a listing we came across when it was first listed. Final value fee (13.25% of $7,500, + 2.35% of $2,570, + $0.30). This fee is calculated as a percentage of the total amount of the sale, plus $0.30 per order. Whatever percentage you'd agreed to when deciding to promote your listing. The 500 Greatest Songs of All Time As such, we included them separately. Our expert moderators ensure all listings posted for sale are 100% authentic. As the authoritative mens clothing marketplace, we know a thing or two about buying and selling, and we ranked the best places across the web to buy and sell sneakersincluding ourselves of course! 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. Unfortunate. If you want to sell on Grailed, there is a 9% seller's fee. 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.