Like all ecommerce sites, StockX isn’t going to deter potential buyers by not accepting their preferred payment method. They even have the listings, so again, you have to do very little to get started. To update your payout method on StockX, this is what you’ll need to do: While StockX is undoubtedly very popular, some people find the processing and transaction fees to be high. The processing fee is fixed at 3% regardless of your status as a seller. In the US, it is very reasonable, $5. 1. You’ll have to send your products for verification too, but it won’t take as long as with GOAT. Many people want to work with GOAT, so you’ll likely have to wait a while. There are Android and iOS GOAT apps, but they are for buyers only. StockX completes the process of authentication for you. Then, you will receive the money, which should be in up to three workdays. The next 0.5% decrease is after 30 sales, and the final one is after 100 sales. As a buyer on StockX, you have more payment methods available to you than sellers. The process is not as easy as with StockX. StockX Processing & Transaction Fees. But they all say that only to avoid panicked sellers chasing after their money – you’re more likely to receive a direct deposit within 2 business days. Here is a piece of advice – if you want to sell your shoes faster, send them for verification first. Sign in to your StockX account and then select “My Account” on the top right corner. Make an account with the Credit Card info 2. The fee decreases as you increase your reputation on the site, i.e., make more sales. You can accept PayPal or you can link your bank account to StockX and have payments direct deposited. Level 4 power sellers have over 100 sales or more than $25,000 sold and are charged a transaction fee of 8%. Important note: Transaction fees may be different for other categories. Join over 260,000 subscribers! Required fields are marked *. However, if we are only looking at the fees, StockX seems better. Stay tuned with our weekly recap of what’s hot & cool. The next 0.5% decrease is after 30 sales, and the final one is after 100 sales. Have you worked with StockX or GOAT in the past? On StockX, you can buy and sell accessories, streetwear, watches, and collectibles. It’s faster but there’s a fee to receive PayPal payments. Notify me of follow-up comments by email. When it’s time to buy something, you might realize that the card associated with your StockX account has expired (worse, maxed out). In addition to that, there is a fixed fee for payment processing, which is 3%. Finally, let’s discuss the fees. However, the transaction fees do change according to four levels. To change the current payment method, this is what you need to do: You can also change the shipping addresses, too. You’ll have to wait longer to get paid on GOAT than on StockX. As for the prices, StockX has made things easier in that regard as well. This way, an interested buyer can buy out the product instantly without having to bid against others. Who’s the winner in your book? As a seller, you essentially have only two forms of payout methods. For some, StockX is just a place where they buy and sell deadstock sneakers and streetwear. How do their fees compare for sellers? It is difficult to proclaim a winner since both StockX and GOAT are excellent sites. Whether you’re good with PayPal or you’d instead switch to direct payments, that’s an easy fix. The seller fee is fixed, and it depends on your location. While StockX is undoubtedly very popular, some people find the processing and transaction fees to be high. Both are reputable, and without a doubt, the best places to buy and sell sneakers online. That’s okay because updating your payment method on StockX is amazingly simple. Let us know in the comments below. They have lower fees, and it is also easier to start selling on this website, even if you haven’t built your reputation yet. This does not effect our editorial in any way. Use the shipping address as the billing address but don’t panic, feds can’t come to your house as it acts as private / confidential info and StockX are not allowed to give that info out .3. Contact customer support asking them how to place the order so when the order is made from your account it is then verified instantly. In the UK it’s $12, in Canada, it’s $20, etc. StockX has a fixed transaction fee for all sneakers, which is 9.5%. Use the shipping address as the billing address but don’t panic, feds can’t come to your house as it acts as private / confidential info and StockX are not allowed to give that info out . The fee decreases as you increase your reputation on the site, i.e., make more sales. For others, it’s a way to make a little extra cash by selling hard-to-find, in-demand items. Join over 260,000 subscribers! The commission fee is 9.5% for sellers with a solid reputation. Additionally, you need to describe your sneakers in great detail, of course, describing their condition. Stay tuned with our weekly recap of what’s hot & cool. Just below “Account Settings,” you’ll see “Buying Info” where you’d select the “Edit” option that’s in a green letter. When you are putting shoes up for sale, you can set an asking price. Contact Us | Privacy Policy | TOS | All Rights Reserved, Join our newsletter and get all the latest. When they approve of you, you can start selling on the site. See, StockX does all of that for you, but GOAT is different. However, the transaction fees do change according to four levels. GOAT approves all of its sellers, so you need to wait until you pass the screening. The fees seem very low, but that’s not all. StockX wants to make sure that the payment will automatically go through the moment you win a bid or when you buy an item at the asking price. It accepts all major credit cards, including Union Pay and Discover. If you love sneakers and streetwear, StockX is an excellent website for browsing. StockX and GOAT are both excellent online sneaker markets. Make sure you clean cookies before in settings or in your browser and after you bang an order with CCleaner5. This number can increase by up to 25%, depending on the status of the seller. GOAT will send you a label for shipping so you can send the sneakers fuss-free. With just three deals, the fee drops by 0.5%. So, when you begin selling on StockX, you’ll have to pay 12.5% of your earnings, which is pretty steep. Jordan Read more August 20, 2020. At least GOAT has a pricing tool to help you out. You can even change your email address associated with StockX and add a phone number for the 2-step verification. Bins: 421764, 512012, 450065. Once you hit 30 items sold or $10,000 total, you become level 3 and the transaction fee drops to 8.5%. Authentication also lasts longer than with StockX. StockX will provide you with all the necessary information. With just three deals, the fee drops by 0.5%. For level 1 new sellers, the transaction fee is 9.5%. In this article, we’re going to guide you through all the options and other relevant information regarding StockX payments.

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