Does Stockx Sell Fake
StockX did not share exactly how many fakes are caught by its team of authenticators, but Einhorn shared that StockX sees far fewer fakes than we once did, which is a direct result of our rigorous authentication process. Five years ago, StockX had a single authentication center with four dedicated authenticators.
Brief Introduction: Stockx Vs Goat
StockX and GOAT emerged as sneaker resale sites online where you can easily buy your next sneakers without a hassle. Both platforms drop the risk of buying fake products or even physical scrambles that may be encountered at physical stores.
StockX was started in 2015, by Dan Gilbert, Greg Schwartz, Josh Luber and Chris Kaufman in pursuit of creating a sneaker resale market. Four years down the line, the platform now offers more than just sneakers. You can also buy handbags, watches, and streetwear.
GOAT was also founded in 2015, to solve a similar problem like StockX. A slight difference between the two is that GOAT remains as a sneaker-only resale site and sells no other extra products.
You Can Sell Used Sneakers
In my opinion, selling used sneakers is the best way of getting started with sneaker reselling. It is just so much easier to get started than trying to cop hype releases. Dont get me wrong, there is definitely money to be made with selling hype sneakers. However, when you sell used sneakers you dont have to fight so much competition or have to speculate much what the resale value is going to be.
There is Less Competition Selling Used Sneakers
Not only that, but there is a lot less competition with selling used sneakers. A lot of resellers are not dependent upon income from their sneakers. Most of the hype sneaker resellers are teenagers or young adults looking to make some extra cash on the side. However, if you are looking to become a full-time sneaker reseller, then selling used sneakers is where its at.
Its a Sellers Market
The used sneaker resale market is a sellers market. There are a few reasons for this. One reason is that sellers have the power to set the going price. This is in comparison to where customers drive the resale price like on StockX.
Jessie RichardsonRead more February 13, 2020
StockX and GOAT are both excellent online sneaker markets. On StockX, you can buy and sell accessories, streetwear, watches, and collectibles. GOAT only focuses on sneakers, and it is doing quite well.
Read on for an in-depth comparison of the two sites.
You May Like: Where Can I Buy Tieks Shoes
Where Is The Best Place To Resell Shoes
If youve ever wanted to sell your shoes fast, there are multiple places to sell your old shoes online. Grailed. Heroine. Kixify. buyMYheels. Mercari. eBay. GOAT. GOAT is a sneaker-focused shoe resale website. StockX. StockX is a selling site that focuses on sneakers and streetwear. More items Feb 18, 2021
StockX is a legitimate website although buying a PlayStation from StockX comes with some caveats. First of all, you will have to prepare for higher-than-retail prices as the PS5s are not being sold by StockX directly, but rather by resellers. Jan 18, 2021
Are returns or exchanges allowed? Due to the anonymous nature of our live market, we are unable to offer refunds, exchanges or swaps including if you ordered the wrong size. The good news is you can always resell with us if you no longer want your item. Feb 18, 2021
Generally speaking, StockX often provides a special 10%, 20% or 25% discount for students studying in college. To get StockX student discount. Then they will get the StockX unique code.
Stadium Goods asserts that it only sells original and unused sneakers. They claim to put heavy emphasis on checking their goods for authenticity before selling them. Their sneakers are sourced through third-party sellers and Stadium Goods sells the shoes at a commission.
Can I Change The Shipping Address Of My Goat Order
Read Also: Does Vans Make Steel Toe Shoes
How Do You Manage Inventory
The short answer is I dont I try and sell each pair as quickly as I buy them!
When selling shoes, it can be easy to amass a bulky collection that you have to keep somewhere. To avoid that, I focus on brand new releases or shoes that are really hot classics I know will sell quickly.
This strategy translated into less headache and hassle storing and tracking the inventory, and also let me turn my cash over to reinvest in the next flip faster.
Also Check: What Shoes Are Good For Wide Feet
Shipping For Mainland China Sellers
If an item you have listed sells, we will notify you and ask you to confirm the order. After you confirm the order in the app, you will be prompted to generate a package label please generate and print the package label.
Remember, items must be shipped in the same condition in which they were originally listed. If the condition changes due to damage or wear, you must cancel your order in the app under the Sell tab.
Once you have generated the label, package the item by following each of these instructions:
You must deliver your packaged item to our Shenzhen delivery location specified by GOAT within 72 hours of the order being placed. If your sale is not confirmed within 24 hours of the order being placed and delivered to our Shenzhen delivery location within 72 hours of the order being placed, the order will be canceled. If you have any questions regarding where your package should be delivered, please reach out to .
You are responsible for all costs you incur in dropping off or shipping your item to our Shenzhen delivery location, and GOAT will not be liable for any loss or damage to your item in transit to us.
GOAT is not responsible for items that are not shipped in compliance with the guidelines set forth above.
Recommended Reading: How To Get Stains Out Of Hey Dudes
Will I Receive A 1099
A seller may receive a 1099-K when certain sales and transaction thresholds through third-party settlement organizations are met. If you are not based in the United States, do not cash out in USD, or do not meet the threshold requirements set forth below, you may not receive a 1099-K.
Our third-party settlement organizations will mail out a 1099-K to you if your gross total reportable transactions exceed $600 USD for the calendar year. Please note this threshold is a change from prior years.
Effective January 1, 2022, new IRS regulations have significantly changed the reporting thresholds for third-party settlement organizations associated with Form 1099-K from $20,000 USD gross payments and 200 transactions in a calendar year to a threshold of $600 USD in aggregate payments with no minimum transaction requirement.
There Is More Competition On Stockx
Earlier, I mentioned that the pro of selling on StockX is that you have a much bigger pool of customers. However, with more sales bring more competition among other resellers. Subsequently, higher competition means smaller profit margins for everyone.
Typically after two days after a hype release, you will see the resell prices gradually or even sharply driven lower. This is frustrating but it is an open market. That is what happens on the open market.
Recommended Reading: Does Goat Legit Check Used Shoes
This Is The Most Unreliable Shoe App I
This is the most unreliable shoe app I ordered a size 9 Jordan unc SB but it was the wrong size I tried canceling the order but guess what I cant I had to wait till they arrived and then had to sell them never got my full money back and I pauper way more than what they are worth. NEVER BUYING FROM THEM AGAIN
Reply from StockX
Hey Brandon. We are sorry to hear this! It is never our intent to upset you or make the user experience difficult. Please note that due to the anonymous nature of our live marketplace, we are unable to offer returns, exchanges, or swaps of any kind including if you ordered the wrong size. As we are not a regular retail store, we do not hold any inventory. Sellers send their items to our facility & we fulfill the buyers order once the verification process has been completed. We do always recommend reselling your item if you no longer wish to keep it.
Instant Items With Next Day Shipping
Next Day shipping is a shipping option for Instant items that is available only to buyers located in the 48 contiguous states, excluding PO boxes and military bases. It will typically take 1 business day for an Instant item ordered before 11:00 AM PT with Next Day shipping to be delivered to a buyer located in the 48 contiguous states and 2 business days for an Instant item ordered after 11:00 AM PT with Next Day shipping to be delivered to a buyer located in the contiguous US.
Recommended Reading: Best Arch Support Dress Shoes
Compare The Thickness Of The Coin
Having a look from the side, you might notice that the coin is not thick enough if that is the case, chances are youre looking at a replica.
Once again, this might not be visible to the naked eye. However, we recommend that you refer to these pictures. Downloading our app allows you to quickly access this specific tell when needed.
Why Is Goat Now Collecting Sales Tax
In light of a recent Supreme Court decision in South Dakota v. Wayfair, Inc. and applicable state law, certain states now require e-commerce marketplaces to collect and remit sales tax regardless of whether or not the marketplace has physical presence in such state. GOAT is now required to comply with applicable law in certain states requiring GOAT to collect and remit sales and use tax on your behalf.
Recommended Reading: What Does 4e Mean On Shoes
How Can You Tell If The Items Are Real
Goat strives to ensure that all things offered on GOAT exceed their standards of quality and are legitimate.
To achieve their objective of being the most recognized marketplace for footwear, they enable buyers, depending on the shipping method. Thatll happen with either an assurance of authenticity or a buyer protection policy.
Suppose your item is shown to be inauthentic and does not meet its description after receiving direct delivery from a designated seller. In that case, youll be eligible for a refund or GOAT Credit under our buyer protection policy.
Suppose GOAT specialists think your product is inauthentic during the on-site authentication process. In that situation, theyll notify you and issue a complete refund following our Assurance of Authenticity for a ship to direct verify orders.
Recommended Reading: Dhgate Shoes Legit
How To Ship The Items And Sell On The Goat App
After your request is sent as a vendor on the app, you can sit back and wait until approval comes by for purchase. If someone decides to buy what you have to offer on the GOAT app, the app will contact you as soon as possible.
Before your sneakers are sent out to the customers, GOAT will verify our sneakers of their authenticity. Therefore, you need to send out the product to GOATs shipping address.
Don’t Miss: Dansko And Plantar Fasciitis
Does Goat Charge New Zeland Goods And Services Tax
GOAT is required to collect and remit a 15% Goods and Services Tax on certain orders that are shipped to an address located in New Zeland and the total value of the order is less than or equal to $1,000 NZ. Please note that additional duties and taxes may be collected at the time of delivery.
Selling On Goat Vs Stockx
As a sneaker reseller, you have many sales channels at your disposal. The two most popular platforms are Goat and StockX. Both platforms have different fees and tools that can help you maximize your profits. So this causes many new resellers to ask, Is it better to sell on Goat vs. StockX?
Read Also: How To Win A Shoe Raffle
Why Am I Supposed To Send My Items To Goat
To ensure all items sold on GOAT are authentic, sellers are required to send their items to us for verification by our specialists. Depending on where you are located, the package will be directed to one of our global facilities.
Once your items have been authenticated, we’ll deposit your earnings to your account for cash out and ship the items to the buyer.
The New Try On Feature
The Try On function, which is now available in the Goat app, is another new addition. You will be able to see the picked sneaker up close and admire its finer details, but youll also be able to try it on virtually.
When it comes to expensive items, youll want to see how it appears on you before parting with your hard-earned money for them.
Recommended Reading: Removing Mold From Shoes
What Shoes To Buy
One of the most common questions I get is how do I know which shoes to buy? Which brands and models will be profitable?
To get an idea of what is hot in streetwear, follow sneaker and fashion publishers like Hypebeast or High Snobiety.
Immerse yourself in your local sneaker communities by attending a sneaker convention and getting an idea of what people are wearing and what people are talking about.
Learn about the Jordan brand. Begin to follow Instagram accounts that have to do with sneakers and sneaker news, so youll automatically be doing research every time youre killing time on the gram. Combine all of the above with checking aftermarket prices on sites like eBay and calculating your estimated profit.
Nicks Notes: In the advanced search, you can check the box just to see completed listings to see how much items are actually selling for.
I suggest starting small with one or two pairs so you dont have a huge risk.
Peel Out The Stockx Tag Qr Code Sticker If Need Be
This might seem a bit excessive, but we do aim to go as deep as possible with our authentication guides. In this tell, we will point out how, if you peel out the QR code sticker, you will see this text on an authentic StockX tag.
The inscription is meant to read VOID, however its not fully visible, depending on how strong the adhesive on the back of the white paper sticker was.
Needless to say, the fake StockX tag will not have any kind of inscription, should you remove that QR code sticker.
This is not what everyone must do in order to authenticate their tag, yet it might be a reliable tell if youre not confident on the other methods.
We dont necessarily believe that every transaction will go off without a hitch.
Every company makes mistakes.
Its the nature of the resale market.
But hey, nobody is perfect not even you.
Have customers received fake shoes or defective items, on occasion?
But, rightfully so, StockX strives to give every customer a great experience
this includes correcting any errors on the companys part.
You may come across negative reviews from unhappy customers but that is part of doing business.
You cant please everyone, but its important to differentiate a mistake from a scam.
Even Amazon screws up from time-to-time
but the most successful companies are known for taking care of their customers while improving over time.
This is something that StockX has done exceedingly well over the companys short tenure.
You May Like: How Much Does Platos Closet Pay For True Religion Jeans
Looking For What You Want
When you see a brand you like on the GOAT app, tap on it to learn more about it. There will be photographs of sneakers on display, with a Want button in the upper right-hand corner of each picture.
The pricing of the sneaker can be found below the image and model of the shoe. You can also narrow down your search results with the filter section.
Following your selection of the Want button, it will direct you to a page displaying the many available sizes. In addition, there is a slider button next to each size that you can use.
After youve decided on the size you want, click on the Save button to return to the previous page if you choose to go on a second buying spree for other sneakers.
Shipping Was Quick And Efficient And Their Help Info Nine1nine********
Import fees are ridiculous.2415662 So $45 u.s. for shipping and $103 canadian to get these shoes to my door!!!! Not worth it at all!!!! II was trying to return this shoes back to the company several email no response then i I used Google to search for the company Contact number and i finally found their contact number which iS i contacted the customer service team is really aweome kind and polite with me customer service was a great help I needed to find out if my return had been received she was able to confirm it was received and my refund was p
Read Also: How Many Miles Should You Run In Shoes
Is Goat A Reliable Sneaker Trading Platform
The rise of e-commerce platforms has contributed to the growth of counterfeit goods, making it difficult to find legit online selling sites and platforms.
GOAT, which is a nod to the sports term for Greatest of All Time, is one of the most reliable platforms for buying and selling sneakers today.
Launched in 2015, GOAT was founded by college friends Eddy Lu and Daishin Sugano. The idea of a sneaker buy-and-sell app came after Daishin bought a retro pair of Air Jordan 5 Grapes, which turned out to be fake.
Scottie Pippens first official signature shoe, the Air Pippen, in the OG black and Varsity Red colorway, retails for $378,073
As a self-confessed sneakerhead, Daishin was left disappointed, more so because he was not able to get his money back due to eBays poor policy.
It became apparent that the industry I loved was fragmented and unsafe. Many people buying sneakers were running into the same problems. There are entire subreddits, social accounts, and blogs built around how to spot fakes.
We knew we could use technology to solve many of the existing problems and with the knowledge we already had in the space, we would have an additional edge. We also decided it was important for us to find an industry that serves a passionate and youthful generation.
After talking with Eddy about his experience, the two decided to build the app with an aim to become the worlds most trusted marketplace.