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Fortunately, selling fees on Grailed are slightly lower than many other large selling sites such as eBay. Here is one of many Travis Scott burgers from McDonalds we saw posted when it was first released. Grailed is an online fasion marketplace focused on vintage, high-end, and popular street brands such as, Champion, Nike or Gucci. Browse the most sought after Ebay clothing including Short Sleeve T-Shirts, Light Jackets, Hats, & more. 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. If you have already completed the transaction, you can contact customer service and request the fee be refunded. 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. Grailed's 9% + 2.9% and 30 cent Paypal fee equates to 11.9% + 30 cents. With their new Managed Payments format, that number will now be 12.35% + 30 cents. Be sure to also check out any relevant payment processing fees that may apply to your transaction. Heres another we randomly came across, nearly a year after this article was originally written. On top of the fee structure, each sale invokes an additional flat region-dependent tax that ranges from $5-$30. Pros Good for selling: New, unused good condition sneakers, Popular brands:Adidas, Jordan, Nike, Yeezy. 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? Well discuss authentication in detail below, and we dont have any new major seller features yet. Check out some of the other product series and discover how you can save time and money using DoNotPay. If exchange rates are set by law or regulation, the base exchange rate reflects the government reference rates. For buyers, there are no fees for using the platform. 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! Many Grailed users are very upset about the fee increase and want to know how to fight or waive the fee. And what are the best ways to make sure you get the most money back from your unworn wares? eBay is an online marketplace where users buy and sell products. The $0.30 per order is not charged. The wesite I sold my record from charges 200 sek for that but but Paypal made it 250 sek. 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) By browsing this website, you consent to the use of cookies. When the petition has gained enough attention, the platform may reevaluate the fee. eBay's transaction exchange rate is composed of a base exchange rate plus a conversion charge. Commission and selling fees:For sellers listing 200 items or less, eBay does not charge an insertion or listing fee. For its service, Flight Club charges a 20 percent flat rate fee on every pair of sneakers solda hefty price compared to competitors. 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. Good for selling:Streetwear and sneakers, Popular brands: Jordan, Nike, Supreme, Off-White, Yeezy. Then why this "Partner" is charging us? Good for selling:Vintage and new clothing, sneakers, collectibles, music memorabilia, Popular brands:Jordan, Yeezy, Nike, Adidas, New Balance. Newly Improved Ebay & Etsy Import System. PayPal fees for transactions within the United States are 2.9 percent plus $0.30 per transaction, while. Those below pay on a sliding scale, with the highest fees reaching 20 percent. For those searching for mainstream new or lightly used sneakers, GOAT is a solid place to buy. Good for selling:Vintage items (including clothing, accessories, and music memorabilia), handmade goods, and craft supplies. grailed is easier to use for the most part and fees are either on par or lower. You make $8,441.20, or approximately 89% of the sale price, not including shipping costs. 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. 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. © 2023 Copyright Finalfees. Once you factor in PayPal fees, Grailed becomes a problem. Tip Pros 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. A partner fee is different from the PayPal fee for using our services to receive payments and will usually say in the transaction details. 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. Pros . Gallery Plus Getting paid:Payments through direct deposit or PayPal are subject to a 2.9 percent cash out fee. If you love high-end designer men's fashion but thought you couldn't afford it, then Grailed is the place for you. The 500 Greatest Songs of All Time Most of my sales are on ebay and luxury (like saint laurent) and hype (supreme) does best there. If you want to sell on Grailed, there is a 9% seller's fee. For vehicles, see our Motors fees. It's absolutely terrible for the seller. Similar to Flight Club, Stadium Goods is a consigner that has a significant online presence. Additionally, authentication fees and duties (if you're an international shopper) can potentially add a significant price bump to any purchase. With their new Managed Payments format, that number will now be 12.35% + 30 cents. 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. Thats why its important to choose the right resale website for selling your clothes and accessories online. A listing upgrade fee is charged with any additional upgrades to your listing, such as extra categories or bolded titles. After you drop off your sneakers, Flight Club handles the rest as you sit back and get paid. That's less than half a percent difference, in favor of Grailed. That said, if youre looking to enter the resell game, GOAT may prove 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. How it works:Sellers are responsible for photographing and listing their items to their shop on Etsys marketplace. Absolutely. Worth noting, on any site your likelihood of being scammed increases if you're selling hype items that appeal to a younger audience. See how it works. If you use the Classified Ad format, scheduling a listing will cost $0.10. Here are a few options to try. 9%. Real Estate listings can be auction-style, fixed price, or in the Classified Ad format. This means that a seller could easily use photos of a legit item but ship you a fake. 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. Cons Send us a tip using our anonymous form. 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. Cons 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. Grailed is an online fasion marketplace focused on vintage, high-end, and popular street brands such as, Champion, Nike or Gucci. Is it a complete waste of time and resources for them? Does Grailed charge a payment processing fee? When you set your price for an item, it should account for shipping and a 9% commission for Grailed. As sellers keep a greater portion of each sale, they can charge a lower sticker price, which means sneakers are often below market." Lastly, our offer system allows you to directly negotiate with a seller to work towards an ideal price. Given our industry low fee structure, sneakers are legitimately cheaper on Grailed. If you're a registered 501(c)(3) non-profit, then our fee is2.2% + $0.30 per transaction. 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. Select Clothing, Shoes & Accessories categories: Free if starting price is $150 or more* - See: Notes for Basic fees. For those in the New York area, selling requires almost no overhead and is very straightforward. 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. 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, 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. Flight Club only deals in new sneakers. Here are some more articles to check out from the Fight And Waive Fees product series. PayPal's seller's fee varies and is based on the location of the buyer's billing address. At the end of the day, its a worthless service, and the time and money would be better spent elsewhere. Consensus: Theres a reason Grailed has such an incredible user retention rate. plus any PayPal fees. 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. 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. EBay said that, while it does not authenticate sneakers, there are a variety of ways to report fakes found on the site. Its terribly misleading to potential buyers and a real shame if the cost of this service contributed to them deciding to increase their fee. 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. 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. This means it is most likely that your fees will be higher when selling on Grailed than on Ebay once you account for shipping. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Grailed offers the lowest fees of any platform around at just nine percent (plus Paypal fees). The Grailed marketplaceallows people to sell men's clothes, shoes, and accessories from high-end designers. 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. 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. The company is currently approving sneaker sellers on a rolling basis and a limited number of apparel and accessory sellers. If youre approved, youll use GOATs app to search for your item, enter its condition and price, and upload photos. 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. 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. 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. Copyright 2023 Penske Business Media, LLC. EDIT: To clarify, I'm only selling new, unused products. 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. Thats right, Grailed. The fee is around 2.9% domestic and around 4.4% international. 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.. Cons Here is an overview of fees, credits, and invoices on eBay. Otherwise, we charge a notice fee, whether or not you carry out the sale with the buyer. Grailed additionally allows you to sell used sneakers as well, unlike competitors who only allow brand new ("deadstock") sneakers on site. For those looking to sell, you can either sign up on the Flight Club website and ship your sneakers to either the LA or NYC location, or choose to drop off the sneakers in store if you're local. E-bay will pull their fees when they invoice me at the end of the month. I hope this helps and thank you again for joining the Community! Given our current sneaker climate and demand far outweighing supply, the converse is true as well. These platforms have invested heavily in expanding their internal authentication teams, citing consumer trust as a valuable asset to cultivate. We may, in our sole discretion and without consent from or payment to sellers, display third-party advertisements (including links and references thereto) and listings from other sellers on any eBay page, Depending on the tax legislation of your country of residency, local Value Added Tax (VAT), Goods and Services Tax (GST) or similar consumption tax might apply in addition to your eBay fees. Currently, eBay accounts pay for any final value fee between 3.5% to 12.55%, with the addition of $0.30 per order across most categories. Commission rate. So how do we know who this partner is? In both cases, you're eligible for Paypal protection, which is what you seem to have an issue with. For example, while eBay charges around 10% commission, Grailed's selling fees are only 9%, saving you a little money on each sale. Create an account to follow your favorite communities and start taking part in conversations. The move comes as eBay is in the midst of trying to, Sneakers are a key area for growth for eBay. The only true sneaker marketplace, you can communicate directly with your potential buyer, inducting them into the Grailed community. In general, sellers tend to make less money per sale than with competitors. For sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. 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. Is the partner fee basically the eBay fees when an item sells? Our expert moderators ensure all listings posted for sale are 100% authentic. Enter the tax percentage you are charged. Seller fees. 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. TheGrailed authentication pagedetails what is considers a high-risk item and this certainly meets the criteria. Still, in terms of depth and variety, no one holds a candle to us. 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. 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. How can i find who is taking this money out of my account. Sneaker resellers have more options than ever and between consignment shops and marketplaces, there are countless ways to flip sneakers. Pros For buyers it is straightforward, however for sellers the high commission can eat away at profits. Grailed's commission helps us maintain the marketplace to make buying and selling as easy as possible. Graileds authentication process is a combination of human and machine moderation. 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. Whatever percentage you'd agreed to when deciding to promote your listing. For a monthly subscription, you can run your own eBay Store. 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. While Flight Club has almost every new release you may be searching for, older modelswhich are more difficult to authenticateare often not available. Grailed mostly only sell luxury. 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! 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. (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). Cons ABOUT EBAY FEES. 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. Once you actually sell an item, GOAT (like StockX) sends you a prepaid shipping label to send the sneakers to an authentication center. But eBay, in a play to siphon sellers from other players in the sneaker resale space, has dropped selling fees for sneakers entirely. Shipping is a flat fee, so prices are relatively straightforward. Commission and fees:If your item sells, youll earn 80 percent of the list price. Here's how you can use DoNotPayto appeal fees: Saving time and money has never been so quick and easy. The total amount of the sale is $10,070 (includes 6% sales tax). Pay, shop, and do even more on the PayPal app. Charged whether or not your item sells. * 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. 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. Read more about, 13.25% on total amount of the sale up to $7,500 calculated per item, 2.35% on the portion of the sale over $7,500, 14.95% on total amount of the sale up to $7,500 calculated per item, 13.25% if total amount of the sale is $7,500 or less, calculated per item, 7% if total amount of the sale is over $7,500, calculated per item, 15% if total amount of the sale is $2,000 or less, calculated per item, 9% if total amount of the sale is over $2,000, calculated per item, 15% if total amount of the sale is $5,000 or less, calculated per item, 9% if total amount of the sale is over $5,000, calculated per item, 15% on total amount of the sale up to $1,000 calculated per item, 6.5% on the portion of the sale over $1,000 up to $7,500 calculated per item, 3% on the portion of the sale over $7,500, 3% on total amount of the sale up to $15,000 calculated per item, 0.5% on the portion of the sale over $15,000, 6.35% on total amount of the sale up to $7,500 calculated per item, 8% if total amount of the sale is $150 or more. 9%. Between raffles, bots and surprise drop dates, managing to score the sneakers you actually want is more difficult than ever. 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. Do you know who does not physically authenticate ANY items? For more information, please see our Once youre approved, GOAT assigns each seller a seller score, which begins at 90. 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.