Grailed Fees Anyone else flabbergasted at Grailed's fees now? The main reason users are so upset is because they feel like there was no warning. Consensus: From a buyers perspective, GOAT is great. Buying sneakersnew or otherwisecan be a challenge. Payments are deposited directly into your bank account. Pros For listing highly anticipated new releases. PayPal's seller's fee varies and is based on the location of the buyer's billing address. While Flight Club recommends prices, sellers are allowed to list their own, which means often sneakers are priced above market. Create an account to follow your favorite communities and start taking part in conversations. 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. Sneakers are a key area for growth for eBay. Pros When the petition has gained enough attention, the platform may reevaluate the fee. Date founded. EBay said that, while it does not authenticate sneakers, there are a variety of ways to report fakes found on the site. For sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. Seller fees. Is the partner fee basically the eBay fees when an item sells? If you need to refund the buyer or cancel the sale, you may be eligible for fee credits as per our fee credits policy. 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. The fees for selling a vehicle on eBay Motors are different from the fees for selling items in other categories. We've outlined the differences below. the more you sell, the less you pay. Currently only use ebay, grailed and poshmark. 9%. GOAT is significantly more complex for sellers than other platforms. Is the Grailed Authentication process good? Grailed is an online fasion marketplace focused on vintage, high-end, and popular street brands such as, Champion, Nike or Gucci. EBay typically charges around 10% of the items sale value, with variations based on the product sold and the sellers account tier. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Related Stories Otherwise, we charge a notice fee, whether or not you carry out the sale with the buyer. If youre looking to cop a pair of hyped sneakers online, its great. Fees for Real Estate listings include an insertion fee, a notice fee, and fees for any optional listing upgrades you choose. 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. Cons The only true sneaker marketplace, you can communicate directly with your potential buyer, inducting them into the Grailed community. You are meeting our performance expectations. For popular sneakers, they almost always have stock. When a task is too time-consuming or confusing, the chances are that DoNotPay has a product for that. For each time a transaction is made grailed takes a 9% commission of the sold price plus Paypal fees. All rights reserved. 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. While Ebay has its own flaws, Grailed no longer offers any real advantage to sellers since raising the Grailed fee. I was wondering if Grailed has a similar side with the buyer no matter what policy or if they actually value their sellers. So it is still worth using Grailed? 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 platform announced the change less than 24 hours before it was implemented. I was wondering if Grailed has a similar side with the buyer no matter what policy or if they actually value their sellers. 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 . . The higher the price premium, the bigger the hype.. The 200 Greatest Singers of All Time Thank you so much for joining thePayPal Community, and I'm so sorry that the community was not able to answer your question. We hate to say it, but if youre looking to buy or sell rare or vintage sneakers, theres no better place than Grailed. The website offers a traditional retail experience, with worldwide shipping and simple buying mechanics, search functionality and so forth. If your category is not listed this means no additional deduction is given. Click Here To Try! 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. 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. You may be charged final value fees if you violate our policy of buying or selling outside of eBay, or we may apply additional final value fees if you are not meeting our performance expectations. 1, 3, 5, 7, or 10-day listing (1 and 3-day auction-style listings cost an additional $1). Browse the most sought after Ebay clothing including Short Sleeve T-Shirts, Light Jackets, Hats, & more. See how it works. It's absolutely terrible for the seller. What separates eBay from other sellers is our strong partnerships with other brands. 9%. The website offers a traditional retail experience, with worldwide shipping and simple buying mechanics, search functionality and so forth. Upgrades you have selected for your listing. PayPal fees for transactions within the United States are 2.9 percent plus $0.30 per transaction, while. 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. A comparison of marketplace fees on eBay, Poshmark, Mercari, Etsy, Facebook Marketplace and more. Fortunately, selling fees on Grailed are slightly lower than many other large selling sites such as eBay. Select Others if not listed. EDIT: To clarify, I'm only selling new, unused products. 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. 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. An avenue for Grailed users to ask each other questions, offer tips for buying and selling, share steals, discuss favorite purchases, and build the community. All Rights reserved. In general, sellers tend to make less money per sale than with competitors. Free for many users to make an account, Grailed offers low fees for sellers. Lets start with the obvious, that 9% fee. I've managed to keep 100% positive feedback, but found myself being forced to bend over backwards for some less than desirable buyers. Flight Club is a true retailer, and since all product is onsite in either a store or a warehouse, turnaround times are quick. For select categories, eBay also allows online escrow services, checks, money orders, and bank-to-bank transfers. Select the payment method you received based on buyer's location. Be sure to also check out any relevant payment processing fees that may apply to your transaction. Who is this partner? Grailed puts your grail within reach. Pros 20% difference. If you use the Classified Ad format, scheduling a listing will cost $0.10. Select the merchant you want to appeal fees for and enter the details of your transaction, including an associated account if you have one. For sellers, Grailed feeshave gone up to 9%. Sellers also like using StockX because it offers anonymity, and they can sell to buyers in over 200 countries and territories around the world. Then once properly authenticated, the item is shipped and the seller is paid. Our commission fee ensures that we can maintain a curated marketplace as well as develop new tools and features for both buying and selling on Grailed. Grailed's 9% + 2.9% and 30 cent Paypal fee equates to 11.9% + 30 cents. You can enhance your listings to help make them stand out by adding certain features, such as a subtitle, or bold font. Newly Improved Ebay & Etsy Import System. After being the original spot that both collectors and flippers turned to to buy and sell coveted sneakers, eBay became just one of many in the space after platforms like GOAT, StockX and Grailed entered the market. 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. 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. Thanks in advance. Stock is limited to the product pages and catalogues the company has uploaded, meaning rare or highly specific product may be unavailable. 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. GRAILED COMMISSION FEE 9% The Grailed Commission fee is applicable to domestic and international transactions. (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). Press question mark to learn the rest of the keyboard shortcuts. Flight Club only deals in new sneakers. This means that a seller could easily use photos of a legit item but ship you a fake. Read This Pros Top Tips Before You Sell Your Merch, Dont Sweat These Shades: These Are the Best Sunglasses for Running and Sports, The Best Grateful Dead Merch for Deadheads and Collectors Alike, Hoodies Are Much More Than Loungewear Here Are Ten Examples to Prove It, View all posts by Danielle Directo-Meston, Looking to Start Boxing After Watching 'Creed III'? Good for selling: Streetwear and sneakers, celebrity collaborations, and collectibles, Popular brands:A Bathing Ape, Cactus Jack, Fear of God, Supreme. 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. There is even a petition on Change.org to reduce the fee to 7.5%. Today, the company sells everything from streetwear to watches and handbags, all of which are in brand new condition. You're selling the latest version of a smartphone in used condition using a 10-day duration. Submit your case! We'll indicate which listings are subject to additional fees on your Account Summary - opens in new window or tab. 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. © 2023 Copyright Finalfees. Each sale henceforth affects your score, with 2 points added for a successful sale and 10 points deducted for a poor sale. Youll also need to include all of the details such as the brand, size, material, condition, and more. For mens athletic shoes, theres no final value fee if the pair sells for $100 or more. 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. We have come across some oddities which are cause for concern. Pick out what category is your Ebay store. 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 . and our So if you take the Sold price - Shipping (Grailed Label) - Grailed Fee - Paypal Fee = $434.09 Your ultimate amount released to your Paypal Account. Unfortunate. Thats less than half a percent difference, in favor of Grailed. 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. Thats right, Grailed. It will have seven more mystery drops daily starting on Thursday. Pros Keep in mind that all these still depend on the subscription model of the seller. core (like nike sneakers, sweats etc.) According to the website, a grail is "the piece you obsess over but cannot ever find or afford." If you love high-end designer men's fashion but thought you couldn't afford it, then Grailed is the place for you. DoNotPay will generate the best argument for your case and make sure your fee waiver request gets sent to the merchant for processing. Free for many users to make an account, Grailed offers low fees for sellers. 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. Grailed takes a commission when your items sell. No. A dialog will open as you type your search terms. Were going to breakdown whether that fee is reasonable, or whether youre better off selling onEbayorStockX. Copyright 2023 Penske Business Media, LLC. This is just speculation, but I'm guessing they'd pay out of their own pocket if they disagree with paypal in a case. For example, while eBay charges around 10% commission, Grailed's selling fees are only 9%, saving you a little money on each sale. 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! View cart for details. As of now, Stadium Goods does not allow consignors to drop off streetwear, despite the fact it sells it. plus any PayPal fees. Pros The fees and benefits vary depending on the type of Store subscription you choose. © 2023 Copyright Finalfees. Go to your, If your rate of 'Item not as described' return requests is evaluated in your. 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. For its service, Flight Club charges a 20 percent flat rate fee on every pair of sneakers solda hefty price compared to competitors. Here are some more articles to check out from the Fight And Waive Fees product series. The short explanation is: both eBay fees and Mercari fees are roughly 13 percent. Send us a tip using our anonymous form. What is Grailed's commission fee used for? Sold an item for 220 bucks - they charged tax (automatically not something I asked for) and the partner fee was 50 bucks. Ebay has been charging a 10% fee for quite a while, and Paypal charges 2.9% + 30 cents per transaction = 12.9% + 30 cents. If you want to sell on Grailed, there is a 9% seller's fee. Do you know who does not physically authenticate ANY items? By browsing this website, you consent to the use of cookies. The item sells immediately for the Buy It Now price of $400. Commission rate. Is it better than nothing? 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. Pros StockX fees operate on a sliding scale but range from 9.5 percent to 8 percent plus credit card fees depending on the users seller leveli.e. Once the item sells, the user ships it to an authentication center, or drops it off at one of only a handful physical locations. For anyone not in the New York area, Stadium Goods requires you to set up a seller profile and communicate online with its internal sales team, creating a bar to entry. While the fees are a terrible deal for sellers, the lack of protection is bad for victims of fraud. Grailed offers the lowest fees of any platform around at just nine percent (plus Paypal fees). Here is a listing we came across when it was first listed. For more information, please see our 13.25% if total amount of the sale is less than $150. Here is an overview of fees, credits, and invoices on eBay. Fees: Grailed takes 6 percent as a commission. Final value fee (13.25% of $7,500, + 2.35% of $2,570, + $0.30). While Amazon charges nearly 15% and eBay isn't far behind at 13% Grailed charges close to 10%. Grailed is an online fasion marketplace focused on vintage, high-end, and popular street brands such as, Champion, Nike or Gucci. 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. I've been using Grailed since 2015 but the latest item I've sold, the fees came out to over 25% wtf. One of the first sneaker consignment shops, Flight Club transformed from a simple retailer to a powerful online sneaker buying and selling platform. You've already used your allocation of zero insertion fee listings this month. Cons How come. 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. Cons We charge one final value fee when your item sells, and you don't have to worry about third-party payment processing fees. Now available on Google Chrome Web Store. We want to hear it. https://www.finalfees.com is neither endorsed by nor affiliated with any with them, nor is the accuracy of its results guaranteed. Get news and analysis about fashion, beauty and culture delivered to your inbox every morning. I guess I was hoping to hear that "real" people work at Grailed and wouldn't just spit out the same generic responses while blindly siding with the buyer but it seems that dealing with scammers is a more common issue. Does Grailed charge a payment processing fee? *2022 Update*As of January 19, 2022, Ebay has reinstated a final value fee for sneakers. Commission and fees:Grailed takes a commission fee of nine percent, and sellers are also charged a PayPal payment processing fee of 2.9 percent plus 30 cents for domestic transaction and 4.4 percent plus 30 cents for international transactions. These listings count towards your monthly zero insertion fee listings. Okay, we knowwere putting ourselves at the top of the list. The item was purchased for $25 and the partner fee was $2.00. StockX acts as the middleman, meaning once your sneakers sell and you ship them to a StockX warehouse you are paid out. 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. Do you have an eBay Store or want to sell vehicles? 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. Many prospective online sellers tend to consider StockX vs. eBay, two of the most popular online resale sites. StockX is less straightforward than competitors. Charged per listing and per category. Pros 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. Between raffles, bots and surprise drop dates, managing to score the sneakers you actually want is more difficult than ever. . Cons Growing the Grailed community to foster a . 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. If there is a good reason for the request, you may be able to get a refund. Etsy also offers tools to help sellers manage and promote their online businesses, and Etsy lets you take advantage of shipping discounts. All of the products offered by DoNotPaywill save your time and money wherever you are and wherever you do business. But eBay, in a play to siphon sellers from other players in the sneaker resale space, has dropped selling fees for sneakers entirely. Read more about, 13.25% on total amount of the sale up to $7,500 calculated per item, 2.35% on the portion of the sale over $7,500, 14.95% on total amount of the sale up to $7,500 calculated per item, 13.25% if total amount of the sale is $7,500 or less, calculated per item, 7% if total amount of the sale is over $7,500, calculated per item, 15% if total amount of the sale is $2,000 or less, calculated per item, 9% if total amount of the sale is over $2,000, calculated per item, 15% if total amount of the sale is $5,000 or less, calculated per item, 9% if total amount of the sale is over $5,000, calculated per item, 15% on total amount of the sale up to $1,000 calculated per item, 6.5% on the portion of the sale over $1,000 up to $7,500 calculated per item, 3% on the portion of the sale over $7,500, 3% on total amount of the sale up to $15,000 calculated per item, 0.5% on the portion of the sale over $15,000, 6.35% on total amount of the sale up to $7,500 calculated per item, 8% if total amount of the sale is $150 or more. After you drop off your sneakers, Flight Club handles the rest as you sit back and get paid. But, if you are willing/can afford losing an item, it's useful for a few extra sales imo. Sneakers are a key area for growth for eBay. Getting paid:Etsys secure payment system allows sellers to accept credit and debit cards, Apple Pay, Etsy gift cards, Google Wallet, and PayPal. How it works:Prospective sellers need to fill out an application through GOATs app. Keep reading to find out how you can save time and money using DoNotPay, and check out these articles from the Fight and Waive Fees product series. The conversion charge is a fixed percentage applied to the base exchange rate and retained by eBay. If eBay converts your funds, the conversion will be completed at the transaction exchange rate we set for the relevant currency exchange. Youll get paid through PayPal and use the payment platform to print a shipping label. Grailed is the preeminent marketplace for mens fashion and streetwearobviously, that includes sneakers. Flight Club operates under a traditional consignment model. In an attempt to explain the increase, Grailed stated that they have been spending a lot of money on authenticating items, and that they will be investing further in improving the site for sellers. 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. "by the website an item is sold from".. for me, this is ebay. 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. The amount you pay depends on the listing package you choose Basic, Premium, or Plus. Deduction on ebay fee for having an Ebay store(Basic, Premium, and Anchor Stores all charge the same rate). 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. Editors picks StockX will catch most fake items, while Ebay will not, but nor will they ever claim to be able to verify an item as authentic. 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. With the ability to buy both new and used sneakers, Grailed has the best prices anywhere. 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. 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. There are many online marketplaces. 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. Pros Grailed claims to offer their own protection which I have yet to hear any testimonials about, just constant copy pasta from Grailed staff. Enter the tax percentage you are charged. Home cleaning often comes with the realization that youve amassed way too much stuff including in your wardrobe. The online marketplace exclusively for high-end men's designer clothes is Grailed. If your registered address is in the US, the seller currency conversion charge applied and retained by eBay is 3%. I have only used Ebay and Grailed. Grailed by the numbers. 2 4 4 comments Best Add a Comment So how does this 9% fee stack up? Commission and selling fees:For sellers listing 200 items or less, eBay does not charge an insertion or listing fee. eBay offers competitive selling fees. 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. While technically one entity, each still operates independently and are seemingly autonomous. Then why this "Partner" is charging us? If you run out of free listings, a $0.30 insertion fee is charged when you list an item. 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. Here is one of many Travis Scott burgers from McDonalds we saw posted when it was first released. Most of my sales are on ebay and luxury (like saint laurent) and hype (supreme) does best there. Plus, StockX physically authenticates every pair of shoes that gets sold on the platform. Is it a complete waste of time and resources for them? Would of chosen another payment method had I known I would get charged two fees. 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. If you purchase an independently reviewed product or service through a link on our website, Rolling Stone may receive an affiliate commission. Getting paid:Some of the most common payment methods include PayPal, credit or debit cards, and Apple and Google Pay. For that reason, there are other better alternatives. Pros It seems like no matter what the issue is with the transaction, eBay will always side with the buyer. With their new Managed Payments format, that number will now be 12.35% + 30 cents. Pros - 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Something went wrong. Consensus: Theres a reason Grailed has such an incredible user retention rate.