Its terribly misleading to potential buyers and a real shame if the cost of this service contributed to them deciding to increase their fee. Cons 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. My currency is set to sek both on website and on paypal. 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. If you love high-end designer men's fashion but thought you couldn't afford it, then Grailed is the place for you. No matter which format you choose, there are some rules you should be aware of, so please take a moment to read our Real estate policy. An example of a partner fee would be the website Grailed who currently charges a 6% fee for sales on their website. - 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. Between fees, rolling admission and turn around time, as a new seller you may have missed the boat. TheGrailed authentication pagedetails what is considers a high-risk item and this certainly meets the criteria. The catalogue is similar to many competitors, and like many others only deals in brand new merchandise. The fee is around 2.9% domestic and around 4.4% international. For its service, Flight Club charges a 20 percent flat rate fee on every pair of sneakers solda hefty price compared to competitors. 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. For US domestic payments, there is a payment processing fee of 3.49% + .49 USD. Browse the most sought after Ebay clothing including Short Sleeve T-Shirts, Light Jackets, Hats, & more. If you run out of free listings, a $0.30 insertion fee is charged when you list an item. Here is a listing we came across when it was first listed. But as of Tuesday, sneakers no longer carry any selling fees for pairs sold for more than $100. Getting paid: Youll be notified via email if your item sells, and you can then request a direct deposit payment (which takes three to five business days to process) to your bank account. Welcome! I need some help please. 13.25% if total amount of the sale is less than $150. 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. You're selling the latest version of a smartphone in used condition using a 10-day duration. Youll get paid through PayPal and use the payment platform to print a shipping label. Commission rate. 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. Grailed commission fees Post any item for free. 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. Additionally, authentication fees and duties (if you're an international shopper) can potentially add a significant price bump to any purchase. Why am i paying 11 partners fee for a 36 order? Pick Up Some of These Gloves First, Tired of Standing? Grailed puts your grail within reach. Fortunately, selling fees on Grailed are slightly lower than many other large selling sites such as eBay. Growing the Grailed community to foster a . 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. 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 is a true marketplace, meaning we dont offer a traditional SKU systembut we do have SKUs for a massive amount of in-demand sneakers, with more added regularly! That said, if youre looking to enter the resell game, GOAT may prove difficult. Buying sneakersnew or otherwisecan be a challenge. On top of the fee structure, each sale invokes an additional flat region-dependent tax that ranges from $5-$30. The site claims the increase was to improve the marketplace experience for all users. The move comes as eBay is in the midst of trying to take back its prominence in the world of sneaker resale. 1, 3, 5, 7, or 10-day listing (1 and 3-day auction-style listings cost an additional $1). Keep in mind that all these still depend on the subscription model of the seller. Would of chosen another payment method had I known I would get charged two fees. 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. There are many online marketplaces. If this post or any other was helpful, please enrich the community by giving kudos or accepting it as a solution. Fees correlate directly with your seller score, with the lowest possible fees (9.5 percent) awarded to sellers with a score of 90 or above. Appreciate the responses. Free for many users to make an account, Grailed offers low fees for sellers. Check out some of the other product series and discover how you can save time and money using DoNotPay. 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. my hype items never, I think its hard to sell unless you are the lowest priced. Payments are deposited directly into your bank account. Seller fees. Commission and fees:If your item sells, youll earn 80 percent of the list price. Applications are accepted on a rolling basis and can take days to be processed. If so, should I still have to worry about paying my eBay seller fees? See how it works. Its up to you to determine whether to continue selling at one or both sites, but we have made made our argument and we rest our case. A listing upgrade fee is charged with any additional upgrades to your listing, such as extra categories or bolded titles. 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. Insertion fees for Classified Ads are $9.95 for a 30-day listing and there are no final value fees. For comparison, StockX brought in about $700 million last year, though that includes its other categories, which make up a smaller portion of . Then why this "Partner" is charging us? We've outlined the differences below. 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. When a seller sells something on Grailed, our fee is deducted within the transaction itselfand then Grailed's 6% partner fee is deducted separately. core (like nike sneakers, sweats etc.) Enter the tax percentage you are charged. 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. If your registered address is in the US, the seller currency conversion charge applied and retained by eBay is 3%. Each sale henceforth affects your score, with 2 points added for a successful sale and 10 points deducted for a poor sale. 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. The Grailed marketplaceallows people to sell men's clothes, shoes, and accessories from high-end designers. 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 there is a way to save time and money, the chances are good that DoNotPay has a product that can handle things for you. If youre looking to cop a pair of hyped sneakers online, its great. Those below pay on a sliding scale, with the highest fees reaching 20 percent. Were going to breakdown whether that fee is reasonable, or whether youre better off selling onEbayorStockX. Today, the company sells everything from streetwear to watches and handbags, all of which are in brand new condition. Pay, shop, and do even more on the PayPal app. 37 19 19 comments Best Add a Comment But like the others, those interested in buying and selling may find the platform limiting. Okay, we knowwere putting ourselves at the top of the list. 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. 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. The fee was raised from 6% in August. 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. Ebay has been charging a 10% fee for quite a while, and Paypal charges 2.9% + 30 cents per transaction = 12.9% + 30 cents. As competition between all those players heats up, removing selling fees entirely is one way the company is looking to get back on top and stimulate its own internal sneaker economy. All you have to do is connect with your eBay account and that's it. When you set your price for an item, it should account for shipping and a 9% commission for Grailed. 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. 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. 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). The short explanation is: both eBay fees and Mercari fees are roughly 13 percent. 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. 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. Here are some more articles to check out from the Fight And Waive Fees product series. . grailed is easier to use for the most part and fees are either on par or lower. Given our current sneaker climate and demand far outweighing supply, the converse is true as well. Currently only use ebay, grailed and poshmark. Post any item for free. Create an account to follow your favorite communities and start taking part in conversations. Competing on selling fees is also important since eBay does not compete with other resellers on authentication. But were not finished. Once the item sells, the user ships it to an authentication center, or drops it off at one of only a handful physical locations. . Getting paid:Once your item sells, youll receive payment through PayPal. Ebay is the most obvious competitor to compare against. eBay has 3 types of fees: Final Value Fee, Insertion Fee and Listing Upgrade Fee. 10 people found this solution to be helpful. For more information, please see our To list an item, there are 13 required fields, and at least 20 more optional ones. Maybe. The higher of the two final value fees is charged, if your item sells, Reserve price After your request is reviewed and approved, you can ship your item directly to Stadium Goods or drop it off at the companys Market Centers in Chicago and New York for inspection and verification. 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. and our Hi, I'm a relatively new, but experienced eBay user with about a year (100~) worth of sales to show for it. 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. Stock is limited to the product pages and catalogues the company has uploaded, meaning rare or highly specific product may be unavailable. 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. E-bay will pull their fees when they invoice me at the end of the month. Reddit and its partners use cookies and similar technologies to provide you with a better experience. till you get on grailedyou just wait. If your registered address is not in the US, please refer to the fee page for your country or region of residence for your International fee information. 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. Privacy Policy. See our pages below for more information: Every month, you get up to 250 zero insertion fee listings, or more if you have an eBay Store. Search "appeal fees" on DoNotPay, choose the Fight and Waive Fees product, and select the type of fee you want to appeal. How to Get Your Grailed Fees Waived Effortlessly. So how does this 9% fee stack up? Did you ever find an answer of why you are being charged a partner fee by ebay? "by the website an item is sold from".. for me, this is ebay. 2023 Digiday Media. no need to bend over backwards when you loose out on your item and money. Deduction on ebay fee for outstanding seller levels and performance. ABOUT EBAY FEES. Getting paid:Etsys secure payment system allows sellers to accept credit and debit cards, Apple Pay, Etsy gift cards, Google Wallet, and PayPal. 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. All of the products offered by DoNotPaywill save your time and money wherever you are and wherever you do business. 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. A dialog will open as you type your search terms. 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. We have come across some oddities which are cause for concern. You make $8,441.20, or approximately 89% of the sale price, not including shipping costs. If you purchase an independently reviewed product or service through a link on our website, Rolling Stone may receive an affiliate commission. Grailed is the preeminent marketplace for mens fashion and streetwearobviously, that includes sneakers. They usually view the seller as guilty until proven innocent. Cons I was wondering if Grailed has a similar side with the buyer no matter what policy or if they actually value their sellers. When you set your price for an item, it should account for shipping and a 9% commission for Grailed. Cons Paypal already charges 2% fee and on top of it charge another fee under title of "partner fee". Find high-quality men's and women's streetwear & designer pieces from the brands you love at Grailed, the community marketplace for men's and women's clothing . In general, sellers tend to make less money per sale than with competitors. With a big marketing push, StockX has established itself as setting the market rate for many of the most hyped sneakers. Cons Grailed offers the lowest fees of any platform around at just nine percent (plus Paypal fees). 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. If eBay converts your funds, the conversion will be completed at the transaction exchange rate we set for the relevant currency exchange. If you use the Classified Ad format, scheduling a listing will cost $0.10. 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. Those below pay on a sliding scale, with the highest fees reaching 20 percent. So how do we know who this partner is? After you drop off your sneakers, Flight Club handles the rest as you sit back and get paid. When the petition has gained enough attention, the platform may reevaluate the fee. Pros By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Reserve price in select Business & Industrial categories: International site visibility for auction-style listings, International site visibility for fixed price listings. We hate to say it, but if youre looking to buy or sell rare or vintage sneakers, theres no better place than Grailed. The site claims the increase was to improve the marketplace experience for all users. But, if you are willing/can afford losing an item, it's useful for a few extra sales imo. 9%. Enter the total amount sold before fees & excluding shipping charges. (Read our review about how to buy/sell sneakers on eBay here). If exchange rates are set by law or regulation, the base exchange rate reflects the government reference rates. For men's athletic shoes, there's no final value fee if the pair sells. 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. I am scared to list half my inventory because of scammers and eBay's policies. Pros Unfortunate. Once rivals in the space, early last year GOAT and consignment shop Flight Club merged into one company. Is the Grailed Authentication process good? Lastly, our offer system allows you to directly negotiate with a seller to work towards an ideal price. 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. Heres another we randomly came across, nearly a year after this article was originally written. https://www.finalfees.com is neither endorsed by nor affiliated with any with them, nor is the accuracy of its results guaranteed. 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. 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. It seems like no matter what the issue is with the transaction, eBay will always side with the buyer. When a task is too time-consuming or confusing, the chances are that DoNotPay has a product for that. 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. Consensus: For those searching for exclusively deadstock sneakers, StockX is a good option. We'll indicate which listings are subject to additional fees on your Account Summary - opens in new window or tab. Click Here To Try! DoNotPay will generate the best argument for your case and make sure your fee waiver request gets sent to the merchant for processing. For comparison, StockX brought in about, 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. 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. The Best Websites To Buy and Sell Sneakers. This means that a seller could easily use photos of a legit item but ship you a fake. 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. EDIT: To clarify, I'm only selling new, unused products. Note: If your account isn't meeting our minimum seller performance standards and you're rated Very High in your rate of 'Item not as described' return requests, you'll only be charged the additional final value fee for not meeting our minimum seller performance standards. 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. Editors picks So, if you, Charged for the original listing and each time you choose to relist your item, Charged per listing if you create duplicate auction-style listings for identical items. For select categories, eBay also allows online escrow services, checks, money orders, and bank-to-bank transfers. Listing items is not for the faint of heart. Prices can be slightly higher than other platforms (a result of the high fee structure) and the catalogue gears predominantly towards new collaborations, hyped releases and ultra-expensive grails. just sit. 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. For buyers it is straightforward, however for sellers the high commission can eat away at profits. eBays listings allow sellers to specify multiple categories, item specifics, condition, and many other details. This can happen on any platform, of course, but Grailed is the only one with the lack of integrity to claim an item has been authenticated without ever actually seeing it. https://www.finalfees.com is neither endorsed by nor affiliated with any with them, nor is the accuracy of its results guaranteed. Good for selling: New, unused good condition sneakers, Popular brands:Adidas, Jordan, Nike, Yeezy. 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. There are no fees for shopping or buying on Grailed. For sellers, GOAT is not an ideal website. If your items are relisted automatically, you'll be charged insertion and optional listing upgrade fees each time your item is relisted. 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. Here are a few options to try.