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." 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). 2 4 4 comments Best Add a Comment Here are a few options to try. . If you run out of free listings, a $0.30 . The first thing you should know is that Grailed does not personally inspect any items. To attract the attention of more buyers, you add the Bold listing upgrade. 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. Etsy also offers tools to help sellers manage and promote their online businesses, and Etsy lets you take advantage of shipping discounts. DoNotPay will generate the best argument for your case and make sure your fee waiver request gets sent to the merchant for processing. All Rights reserved. An order is defined as any number of items purchased by the same buyer at checkout with the same shipping method. Once the item sells, the user ships it to an authentication center, or drops it off at one of only a handful physical locations. EDIT: To clarify, I'm only selling new, unused products. For example, if your registered address is in the US and you create a listing on eBay.de for which fees are due (such as insertion and/or optional listing upgrade fees), eBay will convert your funds from USD to EUR using the transaction exchange rate applicable at the time of listing, in order to collect these fees. eBay's transaction exchange rate is composed of a base exchange rate plus a conversion charge. © 2023 Copyright Finalfees. The move comes as eBay is in the midst of trying to take back its prominence in the world of sneaker resale. core (like nike sneakers, sweats etc.) When you set your price for an item, it should account for shipping and a 9% commission for Grailed. How it was possibly authenticated is beyond comprehension. Popular brands:Nike, Louis Vuitton, Visvim, Levis, Raf Simons, Good for selling:Luxury menswear, streetwear, and sneakers. Seller fees. Otherwise, we charge a notice fee, whether or not you carry out the sale with the buyer. Pros 9%. Commission and selling fees: Three percent processing fee plus a transaction fee of eight to nine-and-a-half percent, depending on the items final sale price. 13.25% if total amount of the sale is less than $150. Privacy Policy. In this situation, the total amount of the sale is determined as follows: Additional final value fees may apply on sales in the following circumstances: Any additional final value fees will be calculated as a percentage of the total amount of the sale. An example of a partner fee would be the website Grailed who currently charges a 6% fee for sales on their website. 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. We'll indicate which listings are subject to additional fees on your Account Summary - opens in new window or tab. 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. Enter the tax percentage you are charged. Get news and analysis about fashion, beauty and culture delivered to your inbox every morning. Another (Celine) Portrait: See Bob Dylan in Fashion Brand's Latest 'Performer' Series. Then once properly authenticated, the item is shipped and the seller is paid. Between fees, rolling admission and turn around time, as a new seller you may have missed the boat. When a seller sells something on Grailed, our fee is deducted within the transaction itselfand then Grailed's 6% partner fee is deducted separately. 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. Commission and fees:Listing fee of 20 cents, five percent transaction fee, payment processing fee of three percent plus 25 cents. Do you know who does not physically authenticate ANY items? Stock is limited to the product pages and catalogues the company has uploaded, meaning rare or highly specific product may be unavailable. 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. Now available on Google Chrome Web Store. 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. Do not waste your time searching for solutions when DoNotPay has you covered without all the work. But heres the kicker; Ebay offers discounted shipping labels. I wonder how these made it through the filter if every item is reviewed? Keep in mind that all these still depend on the subscription model of the seller. Click Here To Try It NowClick Here For Tutorial. Then why this "Partner" is charging us? 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. A bustling thoroughfare of designer goods. Grailed fee: $3.03 ($1.80 Grailed commission + $1.23 payment processing fee) You make: $16.97 . However, you can also use a third-party shipping site to get the discounted rate, regardless of whether you sell on Ebay or Grailed. Once rivals in the space, early last year GOAT and consignment shop Flight Club merged into one company. Like Flight Club, Stadium Goods lets consigners set their own prices, however works with them in order to try and match market cost. Unfortunately not all sellers are as reliable as others, and it can be difficult to communicate with a seller once you have purchased a listing. 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. The total amount of the sale is $10,070 (includes 6% sales tax). For buyers, there are no fees for using the platform. Reserve price in select Business & Industrial categories: International site visibility for auction-style listings, International site visibility for fixed price listings. Getting paid:Payments through direct deposit or PayPal are subject to a 2.9 percent cash out fee. But, trust us, theres a reason behind the blatant bias and ego. The platforms massive database of products make it convenient for sellers to easily list their goods without adding item specifics (such as fabrics and materials, weight, etc.). Pick Up Some of These Gloves First, Tired of Standing? Copyright 2023 Penske Business Media, LLC. Grailed's commission helps us maintain the marketplace to make buying and selling as easy as possible. The Best Websites To Buy and Sell Sneakers. Cookie Notice There are no fees for shopping or buying on Grailed. 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. 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. Enter the total amount sold before fees & excluding shipping charges. 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. Here are some more articles to check out from the Fight And Waive Fees product series. till you get on grailedyou just wait. 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. 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. help me please as this does not seem right. 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. Free for many users to make an account, Grailed offers low fees for sellers. With the ability to buy both new and used sneakers, Grailed has the best prices anywhere. 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. For select categories, eBay also allows online escrow services, checks, money orders, and bank-to-bank transfers. We charge an insertion fee and applicable optional listing upgrade fees when you list your item for the first time, and each time it renews. the more you sell, the less you pay. 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. Sneakers are a key area for growth for eBay. If you run out of free listings, a $0.30 insertion fee is charged when you list an item. Additionally, authentication fees and duties (if you're an international shopper) can potentially add a significant price bump to any purchase. These platforms have invested heavily in expanding their internal authentication teams, citing consumer trust as a valuable asset to cultivate. The bran will store your shoes and sell them on your behalf on its website, retail stores, or other sales channels. For those looking for cheap footwear options or shoes below market, GOAT can be difficult. And were still not done. Whatever percentage you'd agreed to when deciding to promote your listing. If you love high-end designer men's fashion but thought you couldn't afford it, then Grailed is the place for you. Lets start with the obvious, that 9% fee. Grailed Fees Anyone else flabbergasted at Grailed's fees now? © 2023 Copyright Finalfees. Is it better than nothing? Read more about our, Charged only once per listing for listings with multiple items. If your category is not listed this means no additional deduction is given. Newly Improved Ebay & Etsy Import System. If you want to sell on Grailed, there is a 9% seller's fee. According to eBay, I was also charge the final value fees as well I feel like BH Im being charged twice. Today, the company sells everything from streetwear to watches and handbags, all of which are in brand new condition. Lastly, our offer system allows you to directly negotiate with a seller to work towards an ideal price. Thats right, Grailed. Links to our international fees pages: Australia - opens in new window or tab | United Kingdom - opens in new window or tab | Canada - opens in new window or tab | Germany - opens in new window or tab | Spain - opens in new window or tab | France - opens in new window or tab | Italy - opens in new window or tab | Ireland - opens in new window or tab | Belgium (Dutch) - opens in new window or tab | Belgium (French) - opens in new window or tab | Austria - opens in new window or tab | Switzerland - opens in new window or tab | Netherlands - opens in new window or tab | Poland - opens in new window or tab | Greater China region - opens in new window or tab | All other countries - opens in new window or tab. Commission and fees:GOATs commission fees range from 9.5 percent to 25 percent, plus a seller fee between $5 to $30, depending on your location and address. GRAILED COMMISSION FEE 9% The Grailed Commission fee is applicable to domestic and international transactions. 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. Home cleaning often comes with the realization that youve amassed way too much stuff including in your wardrobe. You make $8,441.20, or approximately 89% of the sale price, not including shipping costs. Getting paid:Once your item sells, youll receive payment through PayPal. 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. This is a. Cons The wesite I sold my record from charges 200 sek for that but but Paypal made it 250 sek. We charge two main types of selling fees: an insertion fee when you create a listing, and a final value fee when your item sells. For sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. I am scared to list half my inventory because of scammers and eBay's policies. As Flight Club is a true consignor, you are only paid once your sneakers sell. See how it works. Beyond the most recent drops, vintage models such as 1985 Air Jordan 1s or early 2000s Nike SB Dunkssneakers competitors either do not have or simply cannot sourceregularly appear on the platform. So if you take the Sold price - Shipping (Grailed Label) - Grailed Fee - Paypal Fee = $434.09 Your ultimate amount released to your Paypal Account. After you've used your zero insertion fee allowance, insertion fees are: Good 'Til Cancelled listings are fixed price listings that renew automatically once per calendar month. Grailed's 9% + 2.9% and 30 cent Paypal fee equates to 11.9% + 30 cents. Grailed claims to offer their own protection which I have yet to hear any testimonials about, just constant copy pasta from Grailed staff. One of the first sneaker consignment shops, Flight Club transformed from a simple retailer to a powerful online sneaker buying and selling platform. Even if you went an easier route with StockX, they charge 9.5% (or less) and you dont even have to pay to ship your shoes, they provide a label, which means they are definitely cheaper than the Grailed fee as well. Does Grailed charge a payment processing fee? 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. Grailed additionally allows you to sell used sneakers as well, unlike competitors who only allow brand new ("deadstock") sneakers on site. no need to bend over backwards when you loose out on your item and money. my hype items never, I think its hard to sell unless you are the lowest priced. 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. 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. Select the merchant you want to appeal fees for and enter the details of your transaction, including an associated account if you have one. There are a lot of optionsthough primarily newer releases and ultra-expensive grailsand buying is very straightforward, tax is even included! If you're a registered 501(c)(3) non-profit, then our fee is2.2% + $0.30 per transaction. If so, should I still have to worry about paying my eBay seller fees? * 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. 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. The fees for selling a vehicle on eBay Motors are different from the fees for selling items in other categories. The 200 Greatest Singers of All Time Given our industry low fee structure, sneakers are legitimately cheaper on Grailed. Pick out what category is your Ebay store. All you have to do is connect with your eBay account and that's it. I do best on Ebay. As time goes on and deadstock supply declines, this tends to put upward pressure on resale prices. The higher of the two final value fees is charged, if your item sells, Reserve price The site claims the increase was to improve the marketplace experience for all users. It seems like no matter what the issue is with the transaction, eBay will always side with the buyer. Sneakers are a key area for growth for eBay. The online marketplace exclusively for high-end men's designer clothes is Grailed. Click Here To Try! If you are hoping to fight or waive fees on Grailed, you may want to sign the petition.