The resale market is one of the fastest expanding retail segments. One of the reasons it has expanded so quickly is that platforms like StockX make it simple for consumers to list their prized possessions for sale in a safe and transparent manner. Sneakers, Streetwear, Trading Cards, Handbags, Shoes.
Resale is not a new concept; people used to sell their sneakers on eBay, and many still do, as well as through their personal networks. However, when StockX launched in 2016, it made it much easier to resell things. It’s so simple that many people have turned their pastime of buying and selling sneakers into a full-time career.
StockX, the Multi-Billion Dollar Resale Platform.
Stockx Buy and sell the hottest sneakers including Adidas Yeezy and Retro Jordans, Supreme streetwear, trading cards, collectibles, designer handbags and luxury watches.
What is StockX?
StockX, dubbed the world’s first “Stock Market of Things,” has swiftly become the preferred online platform for buying and selling streetwear, trading cards, collectibles, luxury handbags, apparel, and everything in between. Adidas, Yeezy, Jordan, Supreme, Teflar, Nvidia, and BAPE are all long standing market leaders.
StockX was the first sneaker resale site to be valued at a billion dollars. It accomplished this in less than three years and now sells more than a billion dollars of items annually. The popularity of street wear and StockX’s introduction of a reputable resale platform where goods are certified reduces the possibility of counterfeit products or fraudulent payment. The brand is now worth $3.8 billion.
Streetwear joins sneakers, watches and handbags as the platform’s fourth vertical.
How Does StockX Work?
In the StockX ecosystem, you are either a buyer or a seller. The retailer functions similarly to the stock market in determining the price of the products offered on the site, based on current market demand, as a live marketplace. StockX does not set the pricing. Shoppers can bid on and purchase things at real time prices. You can sell things on StockX as an individual or a business.
On StockX, products, which include streetwear, handbags and watches in addition to sneakers, are assigned ticker symbols. Sellers put out asking prices, and buyers bid. Users can see data like recent sale figures from across the internet, price volatility, and 52-week highs and lows. Once a bid and an ask coincide, the sale is automatically made.
Since starting in February 2016, The brand has grown to more than 10,000 transactions per day. It has added nearly 170 of its more than 370 employees since the end of April.
Can You trust StockX?
Products are bought and sold all over the world. Every item sold goes through our proprietary multi step verification process with our team of expert authenticators.
In short, Yes.
To protect against knockoffs, sellers ship purchased products to StockX, which authenticates the items and sends them to buyers by day’s end, similar to services provided by other high end marketplaces. StockX takes a 9.5 percent commission on each sale.
StockX has two authentication centers and more than 100 authenticators, who go through a 90-day training course. As the authenticators receive items, the details of the product and the sale are available on a computer screen at their station. After completing all of the authentication stages, which may involve smelling the shoe, StockX automatically prints a mailing label and compensates the seller.
Is Stock X reliable?
One of the reasons StockX is a safe place to buy is also our claim to fame: our verification process. The StockX verification process takes into account the condition of the item, any variations it might display against our internal standards, the state of its container and whether or not it contains all necessary accessories.
NFTs can now be purchased and sold on StockX. It has been at the forefront of the resale sector since its beginning and is continuously seeking for new categories to add to its existing portfolio, so the move is not surprising. Nike, on the other hand, is dissatisfied with the choice.
The top traded products in each category
|Sneakers||Nike Dunk Low Retro White Black Panda (2021)|
|Shoes||UGG Tazz Slipper Chestnut (W)|
|Apparel||Fear of God Essentials Hoodie (SS22) Stretch Limo|
|Accessories||Lululemon Everywhere Belt Bag Crossbody Bag Black|
|Collectibles||Microsoft Xbox Series X Mini Fridge (US Plug)|
|Electronics||Sony PS5 PlayStation 5 (US Plug) Digital Edition Console|
|Trading Cards||Pokémon TCG Sword & Shield Charizard Ultra-Premium Collection Box|
Q: What is StockX?
A: StockX is an online marketplace where users can buy and sell authentic sneakers, streetwear, watches, and designer handbags. It acts as a middleman between the buyer and the seller to ensure that all transactions are safe and secure.
Q: How does StockX work?
A: StockX works by allowing users to place bids or asks on items listed on the site. The system automatically processes the transaction and notifies the buyer and seller once a bid and ask match. StockX verifies the authenticity of all items sold on the site to ensure that they are legitimate.
Q: How do I create an account on StockX?
A: To create an account on StockX, simply go to the website and click on the “Sign Up” button in the top right corner. You can then enter your email address and create a password to register.
Q: How do I buy items on StockX?
A: To buy items on StockX, you need to place a bid or ask on the item you want. After that, the transaction will be processed, and the seller will ship the item to you once they accept your offer or you accept their offer.
Q: How do I sell items on StockX?
A: To sell items on StockX, you need to create a listing for the item and set a ask price. You will need to ship the item to the buyer once you accept their offer or once they accept your offer, and the transaction will be processed.
Q: What happens if an item is not authentic?
A: If an item sold on StockX is found to be not authentic, it will be returned to the seller and the buyer will be refunded in full. StockX has a team of experts who verify the authenticity of all items sold on the site to ensure that they are legitimate.
Q: What types of payment are accepted on StockX?
A: StockX accepts a variety of payment methods, including credit cards, debit cards, PayPal, and Affirm financing.
Q: How long does it take to receive my item after I purchase it?
A: Shipping times vary depending on the location of the seller and the buyer. The completion of the transaction requires the delivery of the item within 7-14 business days, as expected by StockX.
Q: How do I contact StockX customer support?
A: To contact StockX customer support, you can fill out a form on the website or email them at [email protected] They also have a customer support phone number that you can call during business hours.