grailed fees vs ebay fees

Good for selling:Vintage and new clothing, sneakers, collectibles, music memorabilia, Popular brands:Jordan, Yeezy, Nike, Adidas, New Balance. 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) https://www.finalfees.com is neither endorsed by nor affiliated with any with them, nor is the accuracy of its results guaranteed. The fees for these optional listing upgrades vary depending on your item's price and the listing format and duration. Ebay has been charging a 10% fee for quite a while, and Paypal charges 2.9% + 30 cents per transaction = 12.9% + 30 cents. Commission and fees:Listing fee of 20 cents, five percent transaction fee, payment processing fee of three percent plus 25 cents. Tax and shipping are tacked on after a purchase, and the store ships to most countries, though at a cost. The catalogue is similar to many competitors, and like many others only deals in brand new merchandise. . After you drop off your sneakers, Flight Club handles the rest as you sit back and get paid. Cons When a task is too time-consuming or confusing, the chances are that DoNotPay has a product for that. Shopping at either the website or brick and mortar locations is reminiscent of a traditional ecommerce or retail experience, respectively. Is the Grailed Authentication process good? Grailed is currently made up of four marketplaces. StockX acts as the middleman, meaning once your sneakers sell and you ship them to a StockX warehouse you are paid out. The self-described stock market of things StockX began as a marketplace to determine the actual aftermarket value of hyped sneakers. In order to sell, a user must fill out a sell form by finding the product and listing it on the website. Who is this partner? The total amount of the sale is $10,070 (includes 6% sales tax). 20% difference. core (like nike sneakers, sweats etc.) You select a starting price of $199, with a Buy It Now price of $400, and you offer free shipping. Cons Our expert moderators ensure all listings posted for sale are 100% authentic. Lets start with the obvious, that 9% fee. For each time a transaction is made grailed takes a 9% commission of the sold price plus Paypal fees. 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. just sit. 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! Did you ever find an answer of why you are being charged a partner fee by ebay? First 250 listings free per month, then $0.35 per listing, Music (except VinylRecordsand Music NFTs categories), Clothing, Shoes & Accessories > Women > Women's Bags & Handbags, Jewelry & Watches (except Watches, Parts & Accessories), Jewelry & Watches > Watches, Parts & Accessories, Sports Mem, Cards & Fan Shop > Sports Trading Cards > Sport Trading Card NFTs, Toys & Hobbies > Collectible Card Games > CCG NFTs, Musical Instruments & Gear > Guitars & Basses. You can now import hundreds of your sold listings in a heartbeat with all the fees & profits without having to do a thing! 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. Ebay has been charging a 10% fee for quite a while, and Paypal charges 2.9% + 30 cents per transaction = 12.9% + 30 cents. The amount you pay depends on the listing package you choose Basic, Premium, or Plus. GOAT focuses exclusively on footwear, predominantly recent drops and noteworthy collaborations. The move comes as eBay is in the midst of trying to, Sneakers are a key area for growth for eBay. I guess I was hoping to hear that "real" people work at Grailed and wouldn't just spit out the same generic responses while blindly siding with the buyer but it seems that dealing with scammers is a more common issue. 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. The website offers a traditional retail experience, with worldwide shipping and simple buying mechanics, search functionality and so forth. Do you have an eBay Store or want to sell vehicles? How it works:Sellers list their own items with at least three photos, details, and pricing, and then select categories such as Grailed, Hype, Sartorial, and Core. And what are the best ways to make sure you get the most money back from your unworn wares? 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. Grailed is an online fasion marketplace focused on vintage, high-end, and popular street brands such as, Champion, Nike or Gucci. Youll also need to include all of the details such as the brand, size, material, condition, and more. E-bay will pull their fees when they invoice me at the end of the month. Newly Improved Ebay & Etsy Import System. The fee was raised from 6% in August. I was so confused by this topic I called E-bay and the partner fees are for Sales Tax added to the price a buyer pays for instance I sold an item on E-bay for $12.00. grailed is easier to use for the most part and fees are either on par or lower. We charge one final value fee when your item sells, and you don't have to worry about third-party payment processing fees. But like the others, those interested in buying and selling may find the platform limiting. The higher of the two final value fees is charged, if your item sells, Reserve price I've been using Grailed since 2015 but the latest item I've sold, the fees came out to over 25% wtf. (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). A bustling thoroughfare of designer goods. Kidizen Selling Fees: Kidizen selling fees are 12% + $0.50 of the sale price. Grailed's 9% + 2.9% and 30 cent Paypal fee equates to 11.9% + 30 cents. That said, some sites work better than others. Whats great about the resale platform is that it offers real-time pricing data and buyers can see the price history of specific items. For those searching for mainstream new or lightly used sneakers, GOAT is a solid place to buy. Thats right, Grailed. A dialog will open as you type your search terms. Whatever percentage you'd agreed to when deciding to promote your listing. 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. You can use the Classified Ad format in the following categories: You can also use Classified Ads for selling Real Estate, but the fees are different see below for more information. Grailed takes a commission when your items sell. If you want to sell on Grailed, there is a 9% seller's fee. PirateShipis our suggestion, and they make it easy to ship with USPS or UPS. eBay has 3 types of fees: Final Value Fee, Insertion Fee and Listing Upgrade Fee. Welcome! The fee is around 2.9% domestic and around 4.4% international. StockX will catch most fake items, while Ebay will not, but nor will they ever claim to be able to verify an item as authentic. Well discuss authentication in detail below, and we dont have any new major seller features yet. That's less than half a percent difference, in favor of Grailed. Reddit and its partners use cookies and similar technologies to provide you with a better experience. You can enhance your listings to help make them stand out by adding certain features, such as a subtitle, or bold font. There is not much chance the fee will be waived using any method. For other items that sell, theres a final value fee of two to 12.85 percent depending on the products category. If eBay converts your funds, the conversion will be completed at the transaction exchange rate we set for the relevant currency exchange. I wonder how these made it through the filter if every item is reviewed? The online marketplace exclusively for high-end men's designer clothes is Grailed. help me please as this does not seem right. 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. DoNotPay will generate the best argument for your case and make sure your fee waiver request gets sent to the merchant for processing. 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. We don't sell things, we only receive donations, yet some unknown partner is getting money that should be going to the non-profit. The item was purchased for $25 and the partner fee was $2.00. The products work across all products and services in every city and state. 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. 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. 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. 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. How to Get Your Grailed Fees Waived Effortlessly. You make $343.17, or approximately 86% of the sale price, not including shipping costs. In both cases, you're eligible for Paypal protection, which is what you seem to have an issue with. 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. If you use the Classified Ad format, scheduling a listing will cost $0.10. You've already used your allocation of zero insertion fee listings this month. You can receive your payment through bank transfer, which takes one to five business days; or by debit card, which can take a few hours or up to one to three business days. Shipping is a flat fee, so prices are relatively straightforward. The retail experience is relatively straightforward and all items are authenticated in-house at one of StockX's warehouses around the world. Appreciate the responses. I was wondering if Grailed has a similar side with the buyer no matter what policy or if they actually value their sellers. eBay offers competitive selling fees. 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 purchase an independently reviewed product or service through a link on our website, Rolling Stone may receive an affiliate commission. 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. Commission rate. Good for selling: New, unused good condition sneakers, Popular brands:Adidas, Jordan, Nike, Yeezy. That said, our team of round the clock moderators and community team are constantly working to ensure that items are received in a timely manner. Here is one of many Travis Scott burgers from McDonalds we saw posted when it was first released. 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. Copyright 2023 Penske Business Media, LLC. These platforms have invested heavily in expanding their internal authentication teams, citing consumer trust as a valuable asset to cultivate. Most categories, including Music > Vinyl Records and eBay Motors > Parts & Accessories, Automotive Tools & Supplies, and Safety & Security Accessories. PayPal fees are then added to that. For that reason, there are other better alternatives. eBay was founded in 1995, and it definitely shows in the user interface. Go to your, If your rate of 'Item not as described' return requests is evaluated in your. My currency is set to sek both on website and on paypal. Enter the total amount sold before fees & excluding shipping charges. They do not make it clear what percentage of items are reviewed by humans, or how they determine which items to tag Digitally Authenticated, but they do claim every item is reviewed. . I am also and have no idea why. . In an effort to compete with other sneakerhead-beloved resale platforms, the online auction giant also unveiled an authentication partnership with SneakerCon to verify popular items listed at $100 and up. Thanks in advance. Of course there would also be the operation cost of investigating the case themselves. Something went wrong. 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. We have come across some oddities which are cause for concern. 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. 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. If this post or any other was helpful, please enrich the community by giving kudos or accepting it as a solution. Submit your case! Getting paid:Some of the most common payment methods include PayPal, credit or debit cards, and Apple and Google Pay. 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. A partner fee is different from the PayPal fee for using our services to receive payments and will usually say in the transaction details. On top of the fee structure, each sale invokes an additional flat region-dependent tax that ranges from $5-$30. The 500 Greatest Songs of All Time 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. The platform uses PayPal to process payments, so you will have to pay a PayPal seller's feeas well. 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. 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. GOAT is significantly more complex for sellers than other platforms. There are no fees for shopping or buying on Grailed. Fees for Real Estate listings include an insertion fee, a notice fee, and fees for any optional listing upgrades you choose. Click Here To Try! Gallery Plus All Rights Reserved. eBay Cracks Down on Sneaker Counterfeits With Authenticity Guarantee Program Here is an overview of fees, credits, and invoices on eBay. 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. 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. For more information, please see our 2023 Digiday Media. Pros To list an item, there are 13 required fields, and at least 20 more optional ones. Enter the promotion percentage you are charged. You're selling the latest version of a smartphone in used condition using a 10-day duration. All that said, I doubt Grailed actually offers their own 'protection' in many cases, if at all. 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. 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! Then why this "Partner" is charging us? Grailed Fees Anyone else flabbergasted at Grailed's fees now? EBay said that, while it does not authenticate sneakers, there are a variety of ways to report fakes found on the site. Keep in mind that all these still depend on the subscription model of the seller. Stadium Goods is a similar experience to many other platforms, offering a wide array of sneakers varying in cost due to size and demand. Seller fees. The move comes as eBay is in the midst of trying to take back its prominence in the world of sneaker resale. What is Grailed's commission fee used for? Grailed is an online fasion marketplace focused on vintage, high-end, and popular street brands such as, Champion, Nike or Gucci. There are a lot of optionsthough primarily newer releases and ultra-expensive grailsand buying is very straightforward, tax is even included! 1999-2023 PayPal, Inc. All rights reserved. The total amount of the sale includes the item price, any handling charges, the shipping service the buyer selects, sales tax, and any other applicable fees. While Flight Club recommends prices, sellers are allowed to list their own, which means often sneakers are priced above market. The Total paid into my PayPal account was $17.16 as shown. When a seller sells something on Grailed, our fee is deducted within the transaction itself and then Grailed's 6% partner fee is deducted separately. Prices are generally fairhigher than other sites, thoughand the shopping process is relatively simple, granted the stock system is at times convoluted. Commission and fees:If your item sells, youll earn 80 percent of the list price. If you need to refund the buyer or cancel the sale, you may be eligible for fee credits as per our fee credits policy. Nothing mentioned before payment was made. But eBay, in a play to siphon sellers from other players in the sneaker resale space, has dropped selling fees for sneakers entirely. EDIT: To clarify, I'm only selling new, unused products. The item sells immediately for the Buy It Now price of $400. eBay is an online marketplace where users buy and sell products. Whether youre paring down your closet to just the essentials, you need some extra cash, or youre making way for spring and summer style arrivals, weve rounded up the best places online to sell your clothing, footwear, and accessories. With their new Managed Payments format, that number will now be 12.35% + 30 cents. This means it is most likely that your fees will be higher when selling on Grailed than on Ebay once you account for shipping. For listing highly anticipated new releases. Editors picks How can i find who is taking this money out of my account. 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. Getting paid:Etsys secure payment system allows sellers to accept credit and debit cards, Apple Pay, Etsy gift cards, Google Wallet, and PayPal. The fees and benefits vary depending on the type of Store subscription you choose. 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. Post any item for free. Were going to breakdown whether that fee is reasonable, or whether youre better off selling onEbayorStockX. Good for selling:Vintage items (including clothing, accessories, and music memorabilia), handmade goods, and craft supplies. Grailed fee: $3.03 ($1.80 Grailed commission + $1.23 payment processing fee) You make: $16.97 . With a big marketing push, StockX has established itself as setting the market rate for many of the most hyped sneakers. 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. 8% if total amount of the sale is $150 or more. We do not sell items on paypaal, or paypal doe not do any advertisement for our items or no other paypal partner works for us. Lastly, our offer system allows you to directly negotiate with a seller to work towards an ideal price. Search "appeal fees" on DoNotPay, choose the Fight and Waive Fees product, and select the type of fee you want to appeal. While Ebay has its own flaws, Grailed no longer offers any real advantage to sellers since raising the Grailed fee. If your registered address is not in the US, please refer to the fee page for your country or region of residence for your seller currency conversion charge information. While Amazon charges nearly 15% and eBay isn't far behind at 13% Grailed charges close to 10%. Depending on your method of shipping, USPS labels will usually cost you about 15-40% less than what youll be paying if you purchase a label through Paypal. That said, higher fees and longer wait times make selling on StockX a longer process than competitors. So how does this 9% fee stack up? These listings count towards your monthly zero insertion fee listings. Grailed offers the lowest fees of any platform around at just nine percent (plus Paypal fees). 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. Growing the Grailed community to foster a . 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. The platform announced the change less than 24 hours before it was implemented. How it works:Sellers are responsible for photographing and listing their items to their shop on Etsys marketplace. Grailed commission fees Post any item for free. Today, the company sells everything from streetwear to watches and handbags, all of which are in brand new condition. In general, sellers tend to make less money per sale than with competitors. Charged per listing and per category. Commission and selling fees : For sellers listing 200 items or less, eBay does not charge an insertion or listing fee. On top of the fee structure, each sale invokes an additional flat region-dependent tax that ranges from $5-$30. For sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. 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. An example of a partner fee would be the website Grailed who currently charges a 6% fee for sales on their website. This is a huge advantage for Ebay over Grailed. The 200 Greatest Singers of All Time For those looking for cheap footwear options or shoes below market, GOAT can be difficult. There are a number of options to purchase, including a buy now feature or an ask, a binding contract akin to Grailed's "offer" system. Worth noting, on any site your likelihood of being scammed increases if you're selling hype items that appeal to a younger audience. According to eBay, I was also charge the final value fees as well I feel like BH Im being charged twice.