Has anyone else been using StockX?

[hnguy4]

How does this sales tax affect sellers? Is Stockx now reporting all sales to the govt? Outside of payout method it's a pretty anonymous selling platform.

the only effect for sellers will be indirect in the form of potentially lower market prices

 

[160jordansdeep]

the only effect for sellers will be indirect in the form of potentially lower market prices

sounds good if your a customer not a seller

 

[hnguy4]

sounds good if your a customer not a seller

how is it good for buyers if you have to pay extra for sales tax? it's bad for everyone really

 

[otis]

how is it good for buyers if you have to pay extra for sales tax? it's bad for everyone really

Bad for buyers in states paying sales tax, bad for sellers because prices will go down with less buyers on the market or at least less buyers willing to pay a certain premium but it will be good for buyers in states NOT paying sales tax, as they'd have less competition and lower prices.

 

[160jordansdeep]

how is it good for buyers if you have to pay extra for sales tax? it's bad for everyone really

I believe stockx will be cheaper then any nickel and dime Instagram reseller or ebay seller
I also think stock x will still be cheaper than Flight Club and other consignment stores even with the tax

The key is to keep lowballing

 

[hnguy4]

Bad for buyers in states paying sales tax, bad for sellers because prices will go down with less buyers on the market or at least less buyers willing to pay a certain premium but it will be good for buyers in states NOT paying sales tax, as they'd have less competition and lower prices.

true

 

[crumps brother]

Looks like eBay is going this route as well

Glad there’s no sales tax on clothing/shoes in PA

 

[GrizzlyAnimal]

Goat will be there too

NT classifieds back ? lol

 

[crumps brother]

^putting some stuff on there right now

 

[Bert.]

the market will adjust since its hitting everyone

im not dropping my prices due to tax not like im selling anything but yea

people use goat/StockX for peace of mind, they might lose some customers but majority of these buyers use them because its easier and again pace of mind in not dealing with some shady dude on Ebay, facebook, IG and with fakes

 

[160jordansdeep]

NT classifieds back ? lol

The classifieds on here are dead and buried

 

[Bert.]

The classifieds on here are dead and buried

They aren’t coming back either

 

[160jordansdeep]

They aren’t coming back either

Unfortunately you’re right does niketalk have a crying emoji

 

[Bert.]

Unfortunately you’re right does niketalk have a crying emoji

Yes

​

 

[ss23king]

do you have to pay for shipping as a seller on StockX?

 

[hnguy4]

do you have to pay for shipping as a seller on StockX?

no. not currently at least

 

[ss23king]

no. not currently at least

how do they pay for you shipping when you are selling?

 

[hnguy4]

how do they pay for you shipping when you are selling?

prepaid shipping label

 

[ss23king]

prepaid shipping label

got it, thank you!

 

[Raji Lowenthal]

Stock X says they pull data from multiple platforms but that's bs, I dont see my goat or FC sales. Only mentioned because I sold a few rare things recently and the sales never showed up on stock x, they are not credible imo.

 

[s3p4tu]

Well, it doesn't seem sales tax is affecting my sale. 90% of my listed items are sold. I ain't complaining so far.

 

[ss23king]

What % does StockX take from sales?

 

[crumps brother]

I think it’s a selling fee and a processing fee...something like that

There’s two fees, one is 9.5% and the other 3% if memory serves me

If you sell more there’s tiers with lower fees but it’s not much less...I’m at tier 2 and I think that’s brings it down from 9.5% to 9%

It’s basically the same as eBay

It’s pretty easy to find the details on their site

 

[Naruto]

Can I sell shoes here without the insoles? I used them in another shoe

 

[JSWAM]

Can I sell shoes here without the insoles? I used them in another shoe

No.