For each time a transaction is made StockX collects 8% to 9.5% depending on seller's level and a 3% processing fee of the sold price. PayPal Fee Calculator. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. Furlough extended until the end of October. Everyone starts at Level 1 which has a 9.5% Transaction Fee. This new update allows us to match European buyers with European sellers to significantly reduce processing fees. Street Sense, 7 months ago 0 3 min read 522 . StockX New Processing Fee Policy | Its Effects On Indian Market . The processing fee will be added to the sale price of the item you are purchasing and won’t include the shipping cost. I don’t mind spending £20 for processing shoes that come from America to the UK, but StockX are taking the piss £40 for processing fee ? As you sell more items, you gain the benefit of reduced fees, all based on your standing as a seller. This is my review of my 1st shopping experience with StockX. StockX also leaned into its international growth by localizing in France, Italy and Germany which reduced processing fees and delivery times for its European customers. If you’d like to see any other features added or would like to be listed on Plugd, contact us at [email protected] It collects a 3% processing fee, as well as transaction fees that range from 8% to 9.5% for sneakers and streetwear. We include shipping and fees upfront, so you know what you’ll need to pay. This includes StockX’s processing fee. Online shopping has become an essential part of our everyday life wherein it is convenient and it saves energy. Like eBay Inc. or other marketplaces, StockX charges sellers fees. StockX revealed a new processing fee to customers today that will be added to the purchase price of an item. International orders will see their existing processing fee raised from 2% to 3%. Today, we are excited to launch a new marketplace update designed specifically for our European users. Here at StockX, we’re always working towards delivering a better experience for our customers around the world. StockX charges a commission on each sale made on the platform, charging a 3 percent processing fee and transaction fee of 8 percent to 9.5 percent or a flat fee for small sales. Change ), You are commenting using your Twitter account. Have you ever seen a piece of clothing or shoe that you loved, looked at the price tag and it was okay. StockX’s Frequently Asked Questions page further explains the fee, stating the minimum fee charged will be $4.95 and the maximum fee is capped at … StockX charges a 3 percent processing fee for all resellers, and a 9.5 percent transaction fee for new users, which decreases with experience. Well that’s what Stock X charge for processing shoes to the UK; Stockx is a live marketplace for buying and selling limited edition sneakers, watches, handbags, and street wear. Whether it is the super hyped up Air Yeezy 2, or a pair of general release Basketball shoes, StockX will have it. The processing fee, on top the taxes they started charging last year, no longer makes them an obvious choice for finding authentic sneakers at the best prices. StockX is an online sneaker marketplace where users sell their new or used pair of sneakers. For every transaction that occurs there is a 3% payment processing fee. ", Deontay Wilder: Geared up for Tyson Fury fight, CELEBRITIES DONATING TO HELP STOP AUSTRALIAN FIRES, Jameela Jamil: ‘Photoshop Should be Illegal’, A man in his 30’s has been arrested in connection to the fifth Edmonton stabbing, Lewis Hamilton gifts Terminally ill boy own Formula 1 car. There is also a minimum processing fee of $4.95 USD and a maximum fee of $29.95 USD. Here are the different seller levels: Seller Level 2: Need to have sold three items. Prior to the company's expansion into Europe, StockX only advertised in the United States and accepted U.S dollars. So as a buyer, what am I getting for this additional 3%? Well, it is quite possible. Digital archive created to preserve stories of Front-line workers. The more you sell … We take a look at why these changes were implemented and what they could mean. ( Log Out /  The more you sell … Sorry to interrupt Close this window. This page has an error. You proceed to pay only for you to realise that the processing fee is $65 and immediately felt the need to turn off your device ? Fifteen percent of the company's buyers were international, as of September 2018. Personally it's getting to a point where doing business with StockX doesn't make much sense. The processing fee will be added to the sale price of the item you are purchasing and won’t include the shipping cost. Compared to other international retail outlets Stockx seems to charge the most per item, majority of international retail outlets like pacsun, Macy’s, and Target charge based on weight. ( Log Out /  Buy and sell the hottest sneakers including Adidas Yeezy and Retro Jordans, Supreme streetwear, trading cards, collectibles, designer handbags and luxury watches. A StockX customer reacts to the processing fee in the video below; Stockx charge both on shipping and processing fees which has many consumers speculating shopping with them or going elsewhere. Change ), You are commenting using your Google account. StockX statement. Discord Fee Calculator Bot. I assume, you have some free time in your weekends, and you want to earn money by spending that time on something which actually works and make you more money. First, would you give us some details? One thing to note here is that StockX charges certain processing fees. The commission fee will be deducted from the seller’s listing price. According to Ecommerce news ; 87% of UK’s retail purchases are made online(grocery shopping not included). DETROIT, Nov. 17, 2020 /PRNewswire/ -- StockX today announced the opening of new authentication centers in Hong Kong and Toronto, further expanding the company's global footprint and its … The company states that bids before the date will not be affected by the upcoming fees. However, StockX is adding new fees in April which could change shopping habits. ", VintageBoost1’s comment from discussion "Ridiculous StockX processing fee? The minimum processing fee for US orders will be $4.95 USD and the maximum fee is capped at $29.95 USD. StockX has a fixed transaction fee … StockX does take out a transaction fee starting at about 10%, but as your seller level increases, the percentage decreases. Well that’s what Stock X charge for processing shoes to the UK; Stockx is a live marketplace for buying and selling limited … ( Log Out /  Getting the Original. The commission fee can increase to 15% + seller fee and a maximum of 25% + seller fee depending on the number of seller cancellations and verification issues, as described in more detail below. You proceed to pay only for you to realise that the processing fee is $65 and immediately felt the need to turn off your device ? While StockX is undoubtedly very popular, some people find the processing and transaction fees to be high. If you haven’t already, make sure to download the Plugd app and subscribe below to stay updated on the latest features and product updates. For first-time sellers, these fees are around 10%. Details on the process the costs shipping times and why I wont ever buy shoes from them again. The amount of the commission fee is 9.5% + seller fee for a seller in good standing. Customers in the UK are infuriated over the processing fees as they claim it is ”ridiculous and overpriced” as seen in a tweet. For all StockX sales there is a 3% payment processing fee, as well as a transaction fee that is dependent on the level of your seller account and the item you are selling. ( Log Out /  What Is the Future of Premium Entertainment? In addition to that, there is a fixed fee for payment processing, which is 3%. On April 22, 2020 StockX started charging a 3% processing fee for buyers. StockX charges a three-per-cent fee for payment processing to all sellers and a transaction fee dependent on how much you use your account and the item you’re selling. Review of my 1st shopping experience with StockX does take Out a transaction fee by the upcoming.! Level 1 which has a 9.5 % + seller fee for payment processing, which is 3 % regardless your. Ebay Inc. or other marketplaces, StockX charges sellers fees designed specifically our. Your sale transaction fees do Change according to Ecommerce news ; 87 % of UK s... 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