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. 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. That said, if youre looking to enter the resell game, GOAT may prove difficult. 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. Editors picks You can now import hundreds of your sold listings in a heartbeat with all the fees & profits without having to do a thing! Is it a complete waste of time and resources for them? How it was possibly authenticated is beyond comprehension. Select Clothing, Shoes & Accessories categories: Free if starting price is $150 or more* - See: Notes for Basic fees. Cons Good for selling:Streetwear and sneakers, Popular brands: Jordan, Nike, Supreme, Off-White, Yeezy. GRAILED COMMISSION FEE 9% The Grailed Commission fee is applicable to domestic and international transactions. Competing on selling fees is also important since eBay does not compete with other resellers on authentication. Click Here To Try! 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. However, with the new update, items sold after March 1, 2022, are now 12.9% + $0.30 for every order on most categories. Why am i paying 11 partners fee for a 36 order? A dialog will open as you type your search terms. This was a listing from a user with no feedback, selling an expensive sweater from The Elder Statesman, and only using stock photos from the brands own website. Each listing package offers different levels of bundled features for a set fee. What is Grailed's commission fee used for? Free for many users to make an account, Grailed offers low fees for sellers. The Total paid into my PayPal account was $17.16 as shown. Grailed Fee is now 9% - Is it still worth selling there? The amount you pay depends on the listing package you choose Basic, Premium, or Plus. All Rights reserved. Do not waste your time searching for solutions when DoNotPay has you covered without all the work. If you compare them, you are sure to find one that has a more agreeable seller's fee. 2023 Digiday Media. 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. You've already used your allocation of zero insertion fee listings this month, and your seller account is meeting our performance expectations at the time your item sells. After the center verifies the item, your funds are released and are available as Credits. In order to cash out, an additional 2.9 percent fee is applied, meaning in order for you funds to hit you bank or PayPal account theres a minimum 12.4 percent fee plus an additional $5 minimum charge. Partner Fees?! : r/Grailed - Reddit Is it better than nothing? Each sale henceforth affects your score, with 2 points added for a successful sale and 10 points deducted for a poor sale. All of the products offered by DoNotPaywill save your time and money wherever you are and wherever you do business. Insertion fees for Classified Ads are $9.95 for a 30-day listing and there are no final value fees. 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. The wesite I sold my record from charges 200 sek for that but but Paypal made it 250 sek. eBay is an online marketplace where users buy and sell products. You're selling the latest version of a smartphone in used condition using a 10-day duration. 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. 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. Its even worse considering that they certainly must know that this service doesnt provide any real value and is probably only being provided as a marketing tool and a way for them to justify charging sellers more money. 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. For more information, please see our Free for many users to make an account, Grailed offers low fees for sellers. The site claims the increase was to improve the marketplace experience for all users. Search "appeal fees" on DoNotPay, choose the Fight and Waive Fees product, and select the type of fee you want to appeal. You are meeting our performance expectations. For each time a transaction is made grailed takes a 9% commission of the sold price plus Paypal fees. Here is one of many Travis Scott burgers from McDonalds we saw posted when it was first released. Thats right, Grailed. If this post or any other was helpful, please enrich the community by giving kudos or accepting it as a solution. Ebay takes all their fees in other ways so this is not coming from ebay and ebay directs me to paypal. How it works:Sellers are responsible for photographing and listing their items to their shop on Etsys marketplace. I am scared to list half my inventory because of scammers and eBay's policies. For US domestic payments, there is a payment processing fee of 3.49% + .49 USD. That's less than half a percent difference, in favor of Grailed. 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. Grailed Fees Anyone else flabbergasted at Grailed's fees now? Also, as a true marketplace, sneakers are often mislabeled, however our product team is rolling out a slew of new features including auto-fill sell forms and product pages to minimize the issue. And were still not done. eBay was founded in 1995, and it definitely shows in the user interface. Here are some more articles to check out from the Fight And Waive Fees product series. There is even a petition on Change.org to reduce the fee to 7.5%. Pros For those looking for cheap footwear options or shoes below market, GOAT can be difficult. 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. Charged per listing and per category. For popular sneakers, they almost always have stock. An order is defined as any number of items purchased by the same buyer at checkout with the same shipping method. When the petition has gained enough attention, the platform may reevaluate the fee. If you run out of free listings, a $0.30 insertion fee is charged when you list an item. 20% difference. 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. 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. It will have seven more mystery drops daily starting on Thursday. Seller fees. When a task is too time-consuming or confusing, the chances are that DoNotPay has a product for that. As time goes on and deadstock supply declines, this tends to put upward pressure on resale prices. For listing highly anticipated new releases. Commission and selling fees : For sellers listing 200 items or less, eBay does not charge an insertion or listing fee. 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. How to Get Your Grailed Fees Waived Effortlessly. 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. eBay has 3 types of fees: Final Value Fee, Insertion Fee and Listing Upgrade Fee. The Best Alternatives for Depop (2022) - SellerAider Tax and shipping are tacked on after a purchase, and the store ships to most countries, though at a cost. Lets start with the obvious, that 9% fee. Good for selling:Vintage and new clothing, sneakers, collectibles, music memorabilia, Popular brands:Jordan, Yeezy, Nike, Adidas, New Balance. PayPal fees are then added to that. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Grailed is the preeminent marketplace for mens fashion and streetwearobviously, that includes sneakers. Ebay also still has a much bigger user base. Fees for Real Estate listings include an insertion fee, a notice fee, and fees for any optional listing upgrades you choose. The base exchange rate reflects rates within the wholesale currency markets applicable to the currency pairing on the day of the conversion, or the prior business day. Nothing mentioned before payment was made. 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. 1999-2023 PayPal, Inc. All rights reserved. The short explanation is: both eBay fees and Mercari fees are roughly 13 percent. Good for selling:Vintage items (including clothing, accessories, and music memorabilia), handmade goods, and craft supplies. The $0.30 per order is not charged. If your items are relisted automatically, you'll be charged insertion and optional listing upgrade fees each time your item is relisted. Heres another we randomly came across, nearly a year after this article was originally written. 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. 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. If youre looking to cop a pair of hyped sneakers online, its great. While Ebay has its own flaws, Grailed no longer offers any real advantage to sellers since raising the Grailed fee. Does Grailed charge a payment processing fee? - Grailed Getting paid:Payments through direct deposit or PayPal are subject to a 2.9 percent cash out fee. Once you factor in PayPal fees, Grailed becomes a problem. Pros If you are hoping to fight or waive fees on Grailed, you may want to sign the petition. It seems like no matter what the issue is with the transaction, eBay will always side with the buyer. Is the partner fee basically the eBay fees when an item sells? As of now, Stadium Goods does not allow consignors to drop off streetwear, despite the fact it sells it. the more you sell, the less you pay. The partner fee is the fee you're charged for "promoting" your listing on eBay. 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. Do you have an eBay Store or want to sell vehicles? We've outlined the differences below. Consensus: For those searching for exclusively deadstock sneakers, StockX is a good option. This means it is most likely that your fees will be higher when selling on Grailed than on Ebay once you account for shipping. That said, some sites work better than others. My currency is set to sek both on website and on paypal. Between fees, rolling admission and turn around time, as a new seller you may have missed the boat. Commission and fees:If your item sells, youll earn 80 percent of the list price. (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). 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! 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. 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. These listings count towards your monthly zero insertion fee listings. Click Here To Try It NowClick Here For Tutorial. Thanks in advance. Maybe. A listing upgrade fee is charged with any additional upgrades to your listing, such as extra categories or bolded titles. The self-described stock market of things StockX began as a marketplace to determine the actual aftermarket value of hyped sneakers. 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. Whatever percentage you'd agreed to when deciding to promote your listing. As sellers keep a greater portion of each sale, they can charge a lower sticker price, which means sneakers are often below market." Grailed is an online fasion marketplace focused on vintage, high-end, and popular street brands such as, Champion, Nike or Gucci. Cons Sneakers are a key area for growth for eBay. Flight Club is a true retailer, and since all product is onsite in either a store or a warehouse, turnaround times are quick. 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. But heres the kicker; Ebay offers discounted shipping labels. 9%. After you drop off your sneakers, Flight Club handles the rest as you sit back and get paid. With a big marketing push, StockX has established itself as setting the market rate for many of the most hyped sneakers. Tags: jordan-brand, yeezy, adidas, nike, grailed, streetwear, resell, sneakers. In both cases, you're eligible for Paypal protection, which is what you seem to have an issue with. Do you know who does not physically authenticate ANY items? eBay has 3 types of fees: Final Value Fee, Insertion Fee and Listing Upgrade Fee. Worth noting, on any site your likelihood of being scammed increases if you're selling hype items that appeal to a younger audience. Sit back and relax while we do the work. Related Stories When the item sells on eBay.de, eBay will calculate your payout amount by converting the sales proceeds from EUR to USD using the transaction exchange rate applicable at the time of the sale. 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. Listing items is not for the faint of heart. EDIT: To clarify, I'm only selling new, unused products. How it works: Sellers are responsible for all listing details, including descriptions and photographs. 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. We have come across some oddities which are cause for concern. There are a lot of optionsthough primarily newer releases and ultra-expensive grailsand buying is very straightforward, tax is even included! Unlike other websites, GOAT functions differently as it is predominantly geared towards buyers. You make $343.17, or approximately 86% of the sale price, not including shipping costs. Our expert moderators ensure all listings posted for sale are 100% authentic. StockX is less straightforward than competitors. One of the first sneaker consignment shops, Flight Club transformed from a simple retailer to a powerful online sneaker buying and selling platform. For a monthly subscription, you can run your own eBay Store. 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. 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. When you set your price for an item, it should account for shipping and a 9% commission for Grailed. Growing the Grailed community to foster a . But, trust us, theres a reason behind the blatant bias and ego. till you get on grailedyou just wait. Gallery Plus So if you take the Sold price - Shipping (Grailed Label) - Grailed Fee - Paypal Fee = $434.09 Your ultimate amount released to your Paypal Account. It seems like no matter what the issue is with the transaction, eBay will always side with the buyer. We don't sell things, we only receive donations, yet some unknown partner is getting money that should be going to the non-profit. Press J to jump to the feed. and our On top of the fee structure, each sale invokes an additional flat region-dependent tax that ranges from $5-$30. grailed is easier to use for the most part and fees are either on par or lower. For that reason, there are other better alternatives. There are many online marketplaces. If you want to sell on Grailed, there is a 9% seller's fee. If you purchase an independently reviewed product or service through a link on our website, Rolling Stone may receive an affiliate commission. Enter the tax percentage you are charged. The total amount of the sale is $10,070 (includes 6% sales tax). Grailed by the numbers. just sit. I says to find it in orders/ebay and it's not there, not hing i can find and any questions regarding this Partner fee directs me to this answer. Given our current sneaker climate and demand far outweighing supply, the converse is true as well. Real Estate listings can be auction-style, fixed price, or in the Classified Ad format. For buyers it is straightforward, however for sellers the high commission can eat away at profits. The Best Websites to Buy and Sell Sneakers in 2020 | Grailed GOAT is an online only sneaker site that sells both new and lightly used sneakers. For sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. (Read our review about how to buy/sell sneakers on eBay here). These Anti-Fatigue Mats Will Cushion and Support Your Feet, Another (Celine) Portrait: See Bob Dylan in Fashion Brand's Latest 'Performer' Series, The Best Wireless Range Extenders to Use (and How They Work), Outdoor Buds: These Fully Waterproof Workout Earbuds Are Just $30, The National Stay Up Late to Perform 'Tropic Morning News' on Fallon, David Lindley, Multi-Instrumentalist Who Shaped the Sound of Soft Rock, Dead at 78, Suki Waterhouse Won't Take Romance for Granted on New Single 'To Love', Travis Barker Says His Finger Ligament Surgery Was a 'Success' After Postponing Blink-182 Tour. The item sells immediately for the Buy It Now price of $400. View cart for details. For sellers, Grailed feeshave gone up to 9%. Appreciate the responses. Between fees, prices, the ability to purchase slightly worn shoes for well below their going rate, no other site compares. The higher of the two final value fees is charged, if your item sells, Reserve price 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. Once rivals in the space, early last year GOAT and consignment shop Flight Club merged into one company. Pros If a seller has 10 pairs or less, they can simply walk into the Canal street store front and drop them off to start sellinganyone with more than 10 pairs must make an appointment. By browsing this website, you consent to the use of cookies. © 2023 Copyright Finalfees. Go to your, If your rate of 'Item not as described' return requests is evaluated in your. Getting paid:Once your sold item is successfully verified by StockXs authentication staff, you can get paid in as soon as 30 minutes if you choose PayPal as your preferred payment method or in a few hours if you choose Venmo. core (like nike sneakers, sweats etc.) 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. We hate to say it, but if youre looking to buy or sell rare or vintage sneakers, theres no better place than Grailed. What separates eBay from other sellers is our strong partnerships with other brands. If so, should I still have to worry about paying my eBay seller fees? 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? For example, while eBay charges around 10% commission, Grailed's selling fees are only 9%, saving you a little money on each sale. Consensus: From a buyers perspective, GOAT is great. Once youre approved, GOAT assigns each seller a seller score, which begins at 90. Curious where everyone sells and what, I'm looking to get into other platforms. 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. All rights reserved. Even though I've listed items plenty of times, I still make mistakes. 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). Now available on Google Chrome Web Store. Click Here To Try! - See: Notes for Good Til Cancelled listings, Fees for selling a vehicle on eBay Motors, fee page for your country or region of residence, Commercial, Residential, and Other Real Estate, Auction-style listings 1, 3, 5, 7 and 10-day duration, Fixed price listings Good 'Til Cancelled. Pros I hope this helps and thank you for joining the Community! Charged whether or not your item sells. Newly Improved Ebay & Etsy Import System. GOAT is significantly more complex for sellers than other platforms. Consensus: While an iconic destination, Flight Club is predominantly a retail experience. 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. This does not make any sense. The fee was raised from 6% in August. 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 lower selling fees by an average of 10% across all categories. 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. But as of Tuesday, sneakers no longer carry any selling fees for pairs sold for more than $100. Whats great about the resale platform is that it offers real-time pricing data and buyers can see the price history of specific items. Grailed offers the lowest fees of any platform around at just nine percent (plus Paypal fees). We charge one final value fee when your item sells, and you don't have to worry about third-party payment processing fees. Grailed Has FAILED. - The Hundreds Many prospective online sellers tend to consider StockX vs. eBay, two of the most popular online resale sites. E-bay will pull their fees when they invoice me at the end of the month. Grailed claims to offer their own protection which I have yet to hear any testimonials about, just constant copy pasta from Grailed staff. Since Flight Club is still technically a brick and mortar store, prices tend to be a bit steeperthey have to cover rent and inventory. eBays listings allow sellers to specify multiple categories, item specifics, condition, and many other details. Thank you so much for joining thePayPal Community, and I'm so sorry that the community was not able to answer your question. Fees: Grailed takes 6 percent as a commission. Payments are deposited directly into your bank account. We want to hear it. 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.