9%. 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. *2022 Update*As of January 19, 2022, Ebay has reinstated a final value fee for sneakers. ABOUT EBAY FEES. eBay was founded in 1995, and it definitely shows in the user interface. Select the merchant you want to appeal fees for and enter the details of your transaction, including an associated account if you have one. 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. 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. 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. But as of Tuesday, sneakers no longer carry any selling fees for pairs sold for more than $100. Paypal already charges 2% fee and on top of it charge another fee under title of "partner fee". 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. 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. But heres the kicker; Ebay offers discounted shipping labels. Stadium Goods is a similar experience to many other platforms, offering a wide array of sneakers varying in cost due to size and demand. For other items that sell, theres a final value fee of two to 12.85 percent depending on the products category. Upgrades you have selected for your listing. Once youre approved, GOAT assigns each seller a seller score, which begins at 90. And were still not done. They usually view the seller as guilty until proven innocent. Pros That said, if youre looking to enter the resell game, GOAT may prove difficult. Gallery Plus When you set your price for an item, it should account for shipping and a 9% commission for Grailed. The $0.30 per order is not charged, 13.25% if total amount of the sale is less than $150, Building Materials & Supplies > Modular & Pre-Fabricated Buildings, No bids meet your reserve price, if you added one, Your item is listed in the Classified Ad format, $1.50 Classified Ads and Real Estate listings, If your account doesn't meet our minimum seller performance standards for the US in the evaluation on the 20th of the month, you'll be charged an additional 6% on the final value fees applicable to sales in the following calendar month. As such, we included them separately. 8% if total amount of the sale is $150 or more. 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. Sit back and relax while we do the work. 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. 13.25% if total amount of the sale is less than $150. To list an item, there are 13 required fields, and at least 20 more optional ones. 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. Its terribly misleading to potential buyers and a real shame if the cost of this service contributed to them deciding to increase their fee. Currently only use ebay, grailed and poshmark. Enter the total amount sold before fees & excluding shipping charges. 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. Did you ever find an answer of why you are being charged a partner fee by ebay? Here's how you can use DoNotPayto appeal fees: Saving time and money has never been so quick and easy. If your registered address is in the US, we charge an International fee if either: This fee is calculated as 1.65% of the total amount of the sale and is automatically deducted from your sales. Additionally, authentication fees and duties (if you're an international shopper) can potentially add a significant price bump to any purchase. I've managed to keep 100% positive feedback, but found myself being forced to bend over backwards for some less than desirable buyers. 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. Commission and selling fees : For sellers listing 200 items or less, eBay does not charge an insertion or listing fee. eBay is an online marketplace where users buy and sell products. There are no fees for shopping or buying on Grailed. 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. 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. I wonder how these made it through the filter if every item is reviewed? 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. When a task is too time-consuming or confusing, the chances are that DoNotPay has a product for that. 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 For select categories, eBay also allows online escrow services, checks, money orders, and bank-to-bank transfers. 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. I have only used Ebay and Grailed. The Best Alternatives for Depop (2022) - SellerAider https://www.finalfees.com is neither endorsed by nor affiliated with any with them, nor is the accuracy of its results guaranteed. The only true sneaker marketplace, you can communicate directly with your potential buyer, inducting them into the Grailed community. 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. 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. 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. This fee is calculated as a percentage of the total amount of the sale, plus $0.30 per order. The short explanation is: both eBay fees and Mercari fees are roughly 13 percent. 2023 Digiday Media. Pay, shop, and do even more on the PayPal app. Since Flight Club is still technically a brick and mortar store, prices tend to be a bit steeperthey have to cover rent and inventory. Grailed Paypal Fee Calculator & Spreadsheet - FinalFees Grailed by the numbers. This does not make any sense. 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. 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 comparison, StockX brought in about $700 million last year, though that includes its other categories, which make up a smaller portion of . Cons There is even a petition on Change.org to reduce the fee to 7.5%. So it is still worth using Grailed? If youre looking to cop a pair of hyped sneakers online, its great. Flight Club is a true retailer, and since all product is onsite in either a store or a warehouse, turnaround times are quick. I hope this helps and thank you for joining the Community! Grailed is currently made up of four marketplaces. 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. If you sign the petition, there may be a chance of getting the fee reduced. If this post or any other was helpful, please enrich the community by giving kudos or accepting it as a solution. Of course there would also be the operation cost of investigating the case themselves. The conversion charge is a fixed percentage applied to the base exchange rate and retained by eBay. 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. . For its service, Flight Club charges a 20 percent flat rate fee on every pair of sneakers solda hefty price compared to competitors. Get news and analysis about fashion, beauty and culture delivered to your inbox every morning. Once rivals in the space, early last year GOAT and consignment shop Flight Club merged into one company. So how does this 9% fee stack up? A bustling thoroughfare of designer goods. The fee is around 2.9% domestic and around 4.4% international. 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. Grailed commission fees Post any item for free. Most of my sales are on ebay and luxury (like saint laurent) and hype (supreme) does best there. 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. 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. For international payments, there is a payment processing fee of 4.99% + .49 USD. 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). 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. Post any item for free. Getting paid:Once your item sells, youll receive payment through PayPal. Graileds 9% + 2.9% and 30 cent Paypal fee equates to 11.9% + 30 cents. Sneaker resellers have more options than ever and between consignment shops and marketplaces, there are countless ways to flip sneakers. Grailed's commission helps us maintain the marketplace to make buying and selling as easy as possible. This means that a seller could easily use photos of a legit item but ship you a fake. Press question mark to learn the rest of the keyboard shortcuts. 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. 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. DoNotPay will generate the best argument for your case and make sure your fee waiver request gets sent to the merchant for processing. On top of the fee structure, each sale invokes an additional flat region-dependent tax that ranges from $5-$30. Grailed Fees : r/Grailed - reddit 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. Grailed additionally allows you to sell used sneakers as well, unlike competitors who only allow brand new ("deadstock") sneakers on site. Okay, we knowwere putting ourselves at the top of the list. Pros TheGrailed authentication pagedetails what is considers a high-risk item and this certainly meets the criteria. Buying sneakersnew or otherwisecan be a challenge. 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. All Rights reserved. What are the fees? - Grailed 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. This means it is most likely that your fees will be higher when selling on Grailed than on Ebay once you account for shipping. Select the payment method you received based on buyer's location. GOAT is significantly more complex for sellers than other platforms. Click Here To Try It NowClick Here For Tutorial. The Fight and Waive Fees product is just one of the many products DoNotPay offers that will save you time and money. Many prospective online sellers tend to consider StockX vs. eBay, two of the most popular online resale sites. At the end of the day, its a worthless service, and the time and money would be better spent elsewhere. 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. The move comes as eBay is in the midst of trying to take back its prominence in the world of sneaker resale. Please note that for international payments processed through PayPal, the payment processing fee may vary based on the location of the buyer's PayPal billing address. Good for selling:Streetwear and sneakers, Popular brands: Jordan, Nike, Supreme, Off-White, Yeezy. Send us a tip using our anonymous form. How can i find who is taking this money out of my account. eBay has 3 types of fees: Final Value Fee, Insertion Fee and Listing Upgrade Fee. (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). eBay's transaction exchange rate is composed of a base exchange rate plus a conversion charge. PayPal collected their fee .80 and pulled the $1.16 to pay the sales tax. 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. I am scared to list half my inventory because of scammers and eBay's policies. Learn more about how zero insertion fee listings work, including the terms and exclusions for those listings.