That's less than half a percent difference, in favor of Grailed. I've been using Grailed since 2015 but the latest item I've sold, the fees came out to over 25% wtf. Its terribly misleading to potential buyers and a real shame if the cost of this service contributed to them deciding to increase their fee. eBay is an online marketplace where users buy and sell products. For those in the New York area, selling requires almost no overhead and is very straightforward. 20% difference. Calculate USA eBay Paypal Fee Calculator & Spreadsheet - FinalFees They usually view the seller as guilty until proven innocent. We'll indicate which listings are subject to additional fees on your Account Summary - opens in new window or tab. (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). 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. Nothing mentioned before payment was made. How can i find who is taking this money out of my account. 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. My currency is set to sek both on website and on paypal. I am scared to list half my inventory because of scammers and eBay's policies. Getting paid:Etsys secure payment system allows sellers to accept credit and debit cards, Apple Pay, Etsy gift cards, Google Wallet, and PayPal. Stockx vs eBay: How to Sell Your Clothing and Sneakers Online - Rolling Cons Press question mark to learn the rest of the keyboard shortcuts. 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. If you run out of free listings, a $0.30 insertion fee is charged when you list an item. Did you ever find an answer of why you are being charged a partner fee by ebay? 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. The total amount of the sale is $10,070 (includes 6% sales tax). . The self-described stock market of things StockX began as a marketplace to determine the actual aftermarket value of hyped sneakers. © 2023 Copyright Finalfees. 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. I was wondering if Grailed has a similar side with the buyer no matter what policy or if they actually value their sellers. Grailed claims to offer their own protection which I have yet to hear any testimonials about, just constant copy pasta from Grailed staff. Worth noting, on any site your likelihood of being scammed increases if you're selling hype items that appeal to a younger audience. Grailed Paypal Fee Calculator & Spreadsheet - FinalFees These listings count towards your monthly zero insertion fee listings. 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. For more information, please see our Sellers also like using StockX because it offers anonymity, and they can sell to buyers in over 200 countries and territories around the world. 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. From StockX to eBay, these online marketplaces will help turn your clothes and kicks (and more) into cash, Got Unworn Kicks and Closet Castoffs? Free for many users to make an account, Grailed offers low fees for sellers. 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. Appreciate the responses. Enter the promotion percentage you are charged. Stadium Goods is a similar experience to many other platforms, offering a wide array of sneakers varying in cost due to size and demand. We want to hear it. Poshmark Vs. eBay Vs. Depop: The Ultimate Resale Site Showdown Pros Press J to jump to the feed. 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. Once rivals in the space, early last year GOAT and consignment shop Flight Club merged into one company. The platform uses PayPal to process payments, so you will have to pay a PayPal seller's feeas well. You can enhance your listings to help make them stand out by adding certain features, such as a subtitle, or bold font. Then once properly authenticated, the item is shipped and the seller is paid. Click Here To Try! 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. To list an item, there are 13 required fields, and at least 20 more optional ones. Cookie Notice 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. As such, we included them separately. eBay offers competitive selling fees. All of the products offered by DoNotPaywill save your time and money wherever you are and wherever you do business. Etsy also offers tools to help sellers manage and promote their online businesses, and Etsy lets you take advantage of shipping discounts. Each sale henceforth affects your score, with 2 points added for a successful sale and 10 points deducted for a poor sale. The Total paid into my PayPal account was $17.16 as shown. my hype items never, I think its hard to sell unless you are the lowest priced. Ebay takes all their fees in other ways so this is not coming from ebay and ebay directs me to paypal. A comparison of marketplace fees on eBay, Poshmark, Mercari, Etsy, Facebook Marketplace and more. Create an account to follow your favorite communities and start taking part in conversations. Post any item for free. For those that sell on other platforms, what does best on grailed? Lets start with the obvious, that 9% fee. Editors picks Pick Up Some of These Gloves First, Tired of Standing? TheGrailed authentication pagedetails what is considers a high-risk item and this certainly meets the criteria. Select the payment method you received based on buyer's location. 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. 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 have already completed the transaction, you can contact customer service and request the fee be refunded. After you drop off your sneakers, Flight Club handles the rest as you sit back and get paid. For men's athletic shoes, there's no final value fee if the pair sells. Thats right, Grailed. Enter the total amount charged for shipping to buyer. PirateShipis our suggestion, and they make it easy to ship with USPS or UPS. While the fees are a terrible deal for sellers, the lack of protection is bad for victims of fraud. While Flight Club has almost every new release you may be searching for, older modelswhich are more difficult to authenticateare often not available. Flight Club only deals in new sneakers. So if you take the Sold price - Shipping (Grailed Label) - Grailed Fee - Paypal Fee = $434.09 Your ultimate amount released to your Paypal Account. As time goes on and deadstock supply declines, this tends to put upward pressure on resale prices. Graileds 9% + 2.9% and 30 cent Paypal fee equates to 11.9% + 30 cents. You've already used your allocation of zero insertion fee listings this month. Final value fee (13.25% of $7,500, + 2.35% of $2,570, + $0.30). On top of the fee structure, each sale invokes an additional flat region-dependent tax that ranges from $5-$30. Maybe. PayPal fees for transactions within the United States are 2.9 percent plus $0.30 per transaction, while. Here are some more articles to check out from the Fight And Waive Fees product series. Enter the tax percentage you are charged. A listing upgrade fee is charged with any additional upgrades to your listing, such as extra categories or bolded titles. 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. If you run out of free listings, a $0.30 . The $0.30 per order is not charged. 9%. You make $8,441.20, or approximately 89% of the sale price, not including shipping costs. Grailed offers the lowest fees of any platform around at just nine percent (plus Paypal fees). 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. 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. Stock is limited to the product pages and catalogues the company has uploaded, meaning rare or highly specific product may be unavailable. I have only used Ebay and Grailed. The bran will store your shoes and sell them on your behalf on its website, retail stores, or other sales channels. Grailed fee: $3.03 ($1.80 Grailed commission + $1.23 payment processing fee) You make: $16.97 . PayPal fees are then added to that. For listing highly anticipated new releases. How it works: Sellers list sneakers that they want to sell via consignment through Stadium Goods Seller Portal. Good for selling:Vintage and new clothing, sneakers, collectibles, music memorabilia, Popular brands:Jordan, Yeezy, Nike, Adidas, New Balance. For sellers, GOAT is not an ideal website. Growing the Grailed community to foster a . For anyone who has sold clothes through a reseller, selling fees are a natural part of the process, with platforms taking a percentage of a sale, a flat fee or a tiered fee based on a sellers frequency of selling. For select categories, eBay also allows online escrow services, checks, money orders, and bank-to-bank transfers. 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. Hm. 2 4 4 comments Best Add a Comment Pros A bustling thoroughfare of designer goods. 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. 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. 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. EBay said that, while it does not authenticate sneakers, there are a variety of ways to report fakes found on the site. Good for selling:Streetwear and sneakers, Popular brands: Jordan, Nike, Supreme, Off-White, Yeezy. I hope this helps and thank you for joining the Community! The item sells immediately for the Buy It Now price of $400. Fortunately, selling fees on Grailed are slightly lower than many other large selling sites such as eBay. 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. I sold an item on eBay. Pros Send us a tip using our anonymous form. For each time a transaction is made grailed takes a 9% commission of the sold price plus Paypal fees. If youre looking to cop a pair of hyped sneakers online, its great. Commission and selling fees:For sellers listing 200 items or less, eBay does not charge an insertion or listing fee. Good for selling:Vintage items (including clothing, accessories, and music memorabilia), handmade goods, and craft supplies. Newly Improved Ebay & Etsy Import System. 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. If your registered address is in the US, the seller currency conversion charge applied and retained by eBay is 3%. Those below pay on a sliding scale, with the highest fees reaching 20 percent. Welcome! 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. Charged whether or not your item sells. 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. Learn more about how zero insertion fee listings work, including the terms and exclusions for those listings. You are meeting our performance expectations. If you love high-end designer men's fashion but thought you couldn't afford it, then Grailed is the place for you. 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. Unlike other websites, GOAT functions differently as it is predominantly geared towards buyers. Sit back and relax while we do the work. Kidizen Selling Fees: Kidizen selling fees are 12% + $0.50 of the sale price. You're selling a trading card for $9,500 with free shipping. And what are the best ways to make sure you get the most money back from your unworn wares? If there is a good reason for the request, you may be able to get a refund. Those below pay on a sliding scale, with the highest fees reaching 20 percent. For buyers, there are no fees for using the platform. It's absolutely terrible for the seller. Grailed Fees : r/Grailed - reddit Gallery Plus Click Here To Try It NowClick Here For Tutorial. Keep in mind that all these still depend on the subscription model of the seller. I apologize that I don't know what website you accept donations on or if they charge a fee independent from ours, but it looks like you're located in the US where our standard fee is 2.9% + $0.30 USD to receive payments. StockX is less straightforward than competitors. Thats less than half a percent difference, in favor of Grailed. 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. Another (Celine) Portrait: See Bob Dylan in Fashion Brand's Latest 'Performer' Series. 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. Between raffles, bots and surprise drop dates, managing to score the sneakers you actually want is more difficult than ever. Seller fees. 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'? 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. Pros What is Grailed's commission fee used for? Enter the total amount sold before fees & excluding shipping charges. An order is defined as any number of items purchased by the same buyer at checkout with the same shipping method. Many Grailed users are very upset about the fee increase and want to know how to fight or waive the fee. The platform announced the change less than 24 hours before it was implemented. This is just speculation, but I'm guessing they'd pay out of their own pocket if they disagree with paypal in a case. Grailed mostly only sell luxury. But as of Tuesday, sneakers no longer carry any selling fees for pairs sold for more than $100. A dialog will open as you type your search terms. Cons Deduction on ebay fee for having an Ebay store(Basic, Premium, and Anchor Stores all charge the same rate). Sneaker resellers have more options than ever and between consignment shops and marketplaces, there are countless ways to flip sneakers. Graileds authentication process is a combination of human and machine moderation. 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. Select Others if not listed. 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. EDIT: To clarify, I'm only selling new, unused products. With their new Managed Payments format, that number will now be 12.35% + 30 cents. The fees for these optional listing upgrades vary depending on your item's price and the listing format and duration. For sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. The 200 Greatest Singers of All Time Privacy Policy. There are a lot of optionsthough primarily newer releases and ultra-expensive grailsand buying is very straightforward, tax is even included! Grailed is currently made up of four marketplaces. 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.). Thanks in advance. Cons The wesite I sold my record from charges 200 sek for that but but Paypal made it 250 sek. What are the seller fees? - Grailed In order to sell, a user must fill out a sell form by finding the product and listing it on the website. Pros 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. Copyright 1995-2023 eBay Inc. All Rights Reserved. How to Get Your Grailed Fees Waived Now [98% Success] That said, some sites work better than others. StockX only allows brand new merchandise, meaning anyone with once-worn or slightly used sneakers is out of luck. There are many online marketplaces. Reserve price in select Business & Industrial categories: International site visibility for auction-style listings, International site visibility for fixed price listings. 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. Find high-quality men's and women's streetwear & designer pieces from the brands you love at Grailed, the community marketplace for men's and women's clothing . How it works: Sellers are responsible for all listing details, including descriptions and photographs. 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. Cons The only true sneaker marketplace, you can communicate directly with your potential buyer, inducting them into the Grailed community. . I do best on Ebay. 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. just sit. 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). 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. For international payments, there is a payment processing fee of 4.99% + .49 USD. Even though I've listed items plenty of times, I still make mistakes. Flight Club operates under a traditional consignment model. Unfortunate. How it was possibly authenticated is beyond comprehension. 1999-2023 PayPal, Inc. All rights reserved. Consensus: Theres a reason Grailed has such an incredible user retention rate. Grailed is a popular marketplace that is known for menswear! Pros * 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. 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. Once you actually sell an item, GOAT (like StockX) sends you a prepaid shipping label to send the sneakers to an authentication center. 2023 Digiday Media. The website offers a traditional retail experience, with worldwide shipping and simple buying mechanics, search functionality and so forth. Pros When you create listings or sell items on an international eBay site, eBay may convert your funds to a different currency in order to collect amounts owed by you to eBay, or to payout funds due to you. The Fight and Waive Fees product is just one of the many products DoNotPay offers that will save you time and money. Like Flight Club, Stadium Goods lets consigners set their own prices, however works with them in order to try and match market cost. If eBay converts your funds, the conversion will be completed at the transaction exchange rate we set for the relevant currency exchange. Popular brands:Nike, Louis Vuitton, Visvim, Levis, Raf Simons, Good for selling:Luxury menswear, streetwear, and sneakers. 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 . All Rights Reserved. For vehicles, see our Motors fees. 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. The move comes as eBay is in the midst of trying to take back its prominence in the world of sneaker resale. The item was purchased for $25 and the partner fee was $2.00. An example of a partner fee would be the website Grailed who currently charges a 6% fee for sales on their website. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Commission and fees:Listing fee of 20 cents, five percent transaction fee, payment processing fee of three percent plus 25 cents. 37 19 19 comments Best Add a Comment Final value fee (13.25% of $424, + $0.30). That said, higher fees and longer wait times make selling on StockX a longer process than competitors. 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. 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. If your items are relisted automatically, you'll be charged insertion and optional listing upgrade fees each time your item is relisted.
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