grailed fees vs ebay fees

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. 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. Of course there would also be the operation cost of investigating the case themselves. An order is defined as any number of items purchased by the same buyer at checkout with the same shipping method. The higher the price premium, the bigger the hype.. 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. 9%. 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. Get news and analysis about fashion, beauty and culture delivered to your inbox every morning. Thats less than half a percent difference, in favor of Grailed. 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. This is a huge advantage for Ebay over Grailed. Between raffles, bots and surprise drop dates, managing to score the sneakers you actually want is more difficult than ever. 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. Ebay has been charging a 10% fee for quite a while, and Paypal charges 2.9% + 30 cents per transaction = 12.9% + 30 cents. Select Clothing, Shoes & Accessories categories: Free if starting price is $150 or more* - See: Notes for Basic fees. If you run out of free listings, a $0.30 insertion fee is charged when you list an item. If you love high-end designer men's fashion but thought you couldn't afford it, then Grailed is the place for you. If your items are relisted automatically, you'll be charged insertion and optional listing upgrade fees each time your item is relisted. The catalogue is similar to many competitors, and like many others only deals in brand new merchandise. 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. How it works:Sellers are responsible for photographing and listing their items to their shop on Etsys marketplace. . 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. I am very sorry for any confusion this may have caused you, and the best place to look for the terms for this fee and how it is totaled would be on the service you used to sell the item. 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. Enter the total amount charged for shipping to buyer. 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. Sneakers are a key area for growth for eBay. 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. 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. The website offers a traditional retail experience, with worldwide shipping and simple buying mechanics, search functionality and so forth. Sneaker resellers have more options than ever and between consignment shops and marketplaces, there are countless ways to flip sneakers. Good for selling:Vintage items (including clothing, accessories, and music memorabilia), handmade goods, and craft supplies. For Sneakers over $100 in value, the fee is 8%. Grailed is currently made up of four marketplaces. But heres the kicker; Ebay offers discounted shipping labels. Prices are generally fairhigher than other sites, thoughand the shopping process is relatively simple, granted the stock system is at times convoluted. 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. This means it is most likely that your fees will be higher when selling on Grailed than on Ebay once you account for shipping. Grailed - Paypal Cons 10 people found this solution to be helpful. the more you sell, the less you pay. Absolutely. What is a partner fee? If your registered address is in the US, the seller currency conversion charge applied and retained by eBay is 3%. Even though I've listed items plenty of times, I still make mistakes. Competing on selling fees is also important since eBay does not compete with other resellers on authentication. But were not finished. Commission and selling fees : For sellers listing 200 items or less, eBay does not charge an insertion or listing fee. A listing upgrade fee is charged with any additional upgrades to your listing, such as extra categories or bolded titles. 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. These platforms have, expanding their internal authentication teams, PFW Briefing: Lanvin digs into archives for partnership with beauty brand Carita, Week in Review: Milan Fashion Week edition, JCPenney kicks off Prabal Gurung collab with a Meatpacking District pop-up, Glossy Pop Newsletter: The Bold Glamour filter and just how far fake beauty can go, Este Lauder Companies Fabrizio Freda ranks second on Overpaid CEOs list. 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. You make $343.17, or approximately 86% of the sale price, not including shipping costs. Otherwise, we charge a notice fee, whether or not you carry out the sale with the buyer. The fees for selling a vehicle on eBay Motors are different from the fees for selling items in other categories. 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. While we are adding product categories everyday, the majority of products are spread across multiple listings rather than all located under one landing page. Would of chosen another payment method had I known I would get charged two fees. Commission and selling fees:For sellers listing 200 items or less, eBay does not charge an insertion or listing fee. 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. 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. Consensus: For those searching for exclusively deadstock sneakers, StockX is a good option. 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. Thats right, Grailed. All rights reserved. As the authoritative mens clothing marketplace, we know a thing or two about buying and selling, and we ranked the best places across the web to buy and sell sneakersincluding ourselves of course! 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. PayPal fees are then added to that. Grailed is an online fasion marketplace focused on vintage, high-end, and popular street brands such as, Champion, Nike or Gucci. 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. just sit. (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). PirateShipis our suggestion, and they make it easy to ship with USPS or UPS. 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. 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. We've outlined the differences below. 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. The total amount of the sale is $10,070 (includes 6% sales tax). 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. For vehicles, see our Motors fees. The platform uses PayPal to process payments, so you will have to pay a PayPal seller's feeas well. For those in the New York area, selling requires almost no overhead and is very straightforward. eBay's selling fees are dependent upon your membership, your store status (subscription), the item, and the payment method, but they might include an insertion fee . While the fees are a terrible deal for sellers, the lack of protection is bad for victims of fraud. If you use the Classified Ad format, scheduling a listing will cost $0.10. 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. The site claims the increase was to improve the marketplace experience for all users. Cons Hi, I'm a relatively new, but experienced eBay user with about a year (100~) worth of sales to show for it. How it works:Prospective sellers need to fill out an application through GOATs app. Pick out what category is your Ebay store. 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. 2 4 4 comments Best Add a Comment 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. *2022 Update*As of January 19, 2022, Ebay has reinstated a final value fee for sneakers. Free for many users to make an account, Grailed offers low fees for sellers. As time goes on and deadstock supply declines, this tends to put upward pressure on resale prices. It feels like i am going in a circle. Many Grailed users are very upset about the fee increase and want to know how to fight or waive the fee. 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. Given our industry low fee structure, sneakers are legitimately cheaper on Grailed. Consensus: Theres a reason Grailed has such an incredible user retention rate. Newly Improved Ebay & Etsy Import System. Again, due to a brick and mortar location and warehouse needs, Stadium Goods commands a 20 percent flat commission from every sale, sent once your sneakers have sold. EDIT: To clarify, I'm only selling new, unused products. Since Flight Club is still technically a brick and mortar store, prices tend to be a bit steeperthey have to cover rent and inventory. 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. We have helped over 300,000 people with their problems. Create an account to follow your favorite communities and start taking part in conversations. While Amazon charges nearly 15% and eBay isn't far behind at 13% Grailed charges close to 10%. 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. Submit your case! 1, 3, 5, 7, or 10-day listing (1 and 3-day auction-style listings cost an additional $1). Ebay is the most obvious competitor to compare against. Enter the promotion percentage you are charged. and our Pros So how does this 9% fee stack up? Insane. Tags: jordan-brand, yeezy, adidas, nike, grailed, streetwear, resell, sneakers. Is it a complete waste of time and resources for them? 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. EDIT: To clarify, I'm only selling new, unused products. They usually view the seller as guilty until proven innocent. Lets start with the obvious, that 9% fee. When you set your price for an item, it should account for shipping and a 9% commission for Grailed. 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. The self-described stock market of things StockX began as a marketplace to determine the actual aftermarket value of hyped sneakers. There is even a petition on Change.org to reduce the fee to 7.5%. For US domestic payments, there is a payment processing fee of 3.49% + .49 USD. Enter the total amount sold before fees & excluding shipping charges. Pros Grailed's 9% + 2.9% and 30 cent Paypal fee equates to 11.9% + 30 cents. Grailed takes a commission when your items sell. 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. For listing high-quality goods that are coveted. 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. eBay is an online marketplace where users buy and sell products. Charged whether or not your item sells. Worth noting, on any site your likelihood of being scammed increases if you're selling hype items that appeal to a younger audience. I do best on Ebay. no need to bend over backwards when you loose out on your item and money. Editors picks The amount we charge depends on the item's price, the format and category you choose for your listing, any optional listing upgrades you add, and your seller conduct and performance. Cookie Notice If you are hoping to fight or waive fees on Grailed, you may want to sign the petition. If you want to sell on Grailed, there is a 9% seller's fee. The products work across all products and services in every city and state. That said, higher fees and longer wait times make selling on StockX a longer process than competitors. How it works: Sellers list sneakers that they want to sell via consignment through Stadium Goods Seller Portal. Sellers also like using StockX because it offers anonymity, and they can sell to buyers in over 200 countries and territories around the world. 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. Currently only use ebay, grailed and poshmark. I apologize that I don't know what website you accept donations on or if they charge a fee independent from ours, but it looks like you're located in the US where our standard fee is 2.9% + $0.30 USD to receive payments. The fee was raised from 6% in August. Click Here To Try! 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. 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 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. According to eBay, I was also charge the final value fees as well I feel like BH Im being charged twice. From StockX to eBay, these online marketplaces will help turn your clothes and kicks (and more) into cash, Got Unworn Kicks and Closet Castoffs? However, you can also use a third-party shipping site to get the discounted rate, regardless of whether you sell on Ebay or Grailed. Date founded. What separates eBay from other sellers is our strong partnerships with other brands. Ebay | Grailed If this post or any other was helpful, please enrich the community by giving kudos or accepting it as a solution. But, if you are willing/can afford losing an item, it's useful for a few extra sales imo. Graileds authentication process is a combination of human and machine moderation. Getting paid:Payments through direct deposit or PayPal are subject to a 2.9 percent cash out fee. grailed is easier to use for the most part and fees are either on par or lower. Then once properly authenticated, the item is shipped and the seller is paid. plus any PayPal fees. 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. 8% if total amount of the sale is $150 or more. For men's athletic shoes, there's no final value fee if the pair sells. You're selling the latest version of a smartphone in used condition using a 10-day duration. 1999-2023 PayPal, Inc. All rights reserved. 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. The site claims the increase was to improve the marketplace experience for all users. For buyers it is straightforward, however for sellers the high commission can eat away at profits. Grailed is a popular marketplace that is known for menswear! While Flight Club has almost every new release you may be searching for, older modelswhich are more difficult to authenticateare often not available. New to the community? But how exactly do you sell clothing online? I was wondering if Grailed has a similar side with the buyer no matter what policy or if they actually value their sellers. 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. Browse the most sought after Ebay clothing including Short Sleeve T-Shirts, Light Jackets, Hats, & more. Okay, we knowwere putting ourselves at the top of the list. These listings count towards your monthly zero insertion fee listings. Grailed Paypal Fee Calculator & Spreadsheet - FinalFees A Reseller's Guide to Marketplace Fees - Blog.vendoo.co core (like nike sneakers, sweats etc.) Those below pay on a sliding scale, with the highest fees reaching 20 percent. 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). As of now, Stadium Goods does not allow consignors to drop off streetwear, despite the fact it sells it. 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. Privacy Policy. The difference here compared to the Grailed method of breaking down the fees is that Paypal rolls the sales tax that the buyer pays here into your total amount, making it look like you actually sold . Most of my sales are on ebay and luxury (like saint laurent) and hype (supreme) does best there.