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Discussion in 'The Mainboard' started by Druce, Mar 14, 2020.
Felt big to me. That's why I downsized.
Oh my bad, I read them wrong. Am1 sizing has been all over the place lately.
Starting October 4, 2022, StockX is implementing a $4 shipping fee for all single-item shipments. We are making these changes to address cost increases across our network and ensure that we continue to provide a best in-class experience for our customers.
Existing Asks will not be subject to this shipping fee, but any new Ask created on and after October 4, 2022 will be impacted. If you'd like to review your existing Asks, you can do so here.
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Was just coming to post that. Fuck them.
I look forward to their mandatory $5 tip for whomever authenticates the item for you.
I’m done selling with them in general but I’m also done going for sneakers unless i plan on keeping them. Fees are so high to sell it’s not even worth the effort at this point.
Charging both the seller and the buyer for shipping
Crazy business model
The shoe game is the NIL of retail right now. Birck and mortar resellers marking shoes up 200% over retail.
Online resellers charging damn near half the shoe in fees.
Most drops impossible to get at retail.
I'd love to know what their "cost increases across our network" actually are.
I don't want to sound like I'm caping for stockx, but both people are shipping so it makes sense they would charge both. The whole process is just expensive. The problem is a huge chunk of their business is people buying and selling pairs $150 and less. A $14 shipping fee is a much bigger deal on a $100 pair than a $600 pair, the % is just way bigger.
Just playing around with an example, using Panda dunks. Low ask is $194. As a buyer, I pay 6% processing fee, $11.64. I also pay $14.95 in shipping. So buyer is paying $26 in fees.
Seller pays 9%, $17.46, and 3% PayPal fee but I don't know if stockx gets any of them.
So it's $26 + $17 = $43. Curious what they pay for shipping. $5 per box? I honestly don't know.
StockX sucks now. I ordered a cheap ass pair of UB5s for lil man for gym, triple whites, and it took over a month and they still weren’t authenticated. Fuck I don’t care if they’re real or fake for $70. Just send em on.
UPS and FedEx raised rates 6%, so I assume that's a big part of it. Stockx and Goat ship tens of thousands of boxes a day so their business model has gotten a lot more expensive the last few years. Not caping for them, just saying that service has definitely gotten more expensive. I don't think it's just price gouging. I'm sure that's some of it, but their costs have increased.
Agreed and I get it. Our logistics has fucking ballooned on us at work, so of course we’re gonna raise prices. All good. Just don’t expect it to go down when the market corrects, or if it does. Once it’s in, it’s in forever.
Yeeeeeeep. Ordered deliver the other day and they still had a $3 charge for "gas" that was added months ago when gas prices shot up. Now that they've come down they're just baking the extra profits.
Both people are shipping but they are also charging a seller fee which in theory should eat that shipping cost for the seller.
eBay is doing the same type of authenticity check now and is not doing that.
Lol yeah seriously.
Sincerely, stubhub and Ticketmaster
The seller pays 7-9%. On $100 purchase, that's $7. They are losing money on those purchases. Again, not caping for stockx, just saying their business model doesn't work well on lower priced items. There needs to be some kind of tiered system to where low value purchases pay one thing and high proced pay another. On a $1300 sale, the seller eats $160 in costs. On a $100 purchase, it's less than $10. One is a cash for stockx and one makes them lose money. I know they don't want to cut volume but that low end stuff is going to be super expensive from a % standpoint for the seller for it to be profitable foe stockx.
For someone who isn’t “capping for StockX” dblplay1212 does seem to be defending them a lot. If you have to continually state you aren’t “capping for …” maybe you are.
No I'm actually saying their flat system for all pairs regardless of price is dumb af and creates a lot of issues. I think raising the fees on the lower level stuff makes a lot of sense but doing it laterally across all priced pairs is really dumb. Shipping fees are high af and make it dumb to try to flip $150 shoes that have to be shipped twice. There's just not enough profit to make it worth it when you're paying shipping twice and a company to authenticate it in the middle. If stockx increases fees and makes those pairs even less profitable, maybe more stuff will start to sit.
I always thought the buyers shipping being so high was their way of offsetting the seller not paying shipping. I guess adding $4 to the seller instead of going up again on the buyer and putting it around $20 makes it look better. It sucks and i know shipping has gone up but theyre eventually going to have to figure something out without just passing everything on to buyers and sellers. I was going to buy a pair the other day but when taxes, fees, and shipping came up to over $70 i said nope.
I'm not really sure what your point is.
Even in your example, for a "$194" shoe they make $43 which is 22% of the sale.
The overhead/shipping for argument sake is the same across companies (mainly bc none of us have that data), and that is an insane margin to take just for facilitating the sale.
And now they want to randomly add another fee to increase that margin.
My point is their model is ass for low end sales. They need a sliding scale for fees imo.
Yea a lot of it just makes it not worth it to me. Pair retails for $180, so $192 with tax. Pairs are selling for $200 on stockx and that's $241 with fees. So I'm paying $49 over retail for a shoe that's barely over retail and the seller is losing money. Seller is getting $176 for a $200 sale. That's $65 in taxes, processing fees, shipping fees, and PayPal fee. Fuck that.
Good thing about all this Stockx shit is I am buying less shoes, either get it retail when it drops or I just don’t get it
I just got the color of the month chocolate AF1 for less than retail (including all the fees) on goat. The red swoosh ones are even less. I know AF1 aren’t everyone cup of tea but I like them. Only good thing is shit is sitting and I can get some stuff cheap. The union Cortez are cheap AF right now. Obviously this is for shoes I’d actually wear which is kinda cool.
That seems like a completely weird point out of left field
It's pretty relevant to point out their % based fees structure sucks for low end sales when their expenses are fixed costs and don't care if they are shipping a $30 shirt or a $2000 pair of shoes.
Changing the subject since I brought it up in the first place, but these are fucking fresh.
Big shoutout to Fargin' Icehole for sending me a bottle of Old Forester 1920! Was totally unexpected and very appreciated. You didn’t have to do that, but thank you man.
Also kopped those AM1 Crepe Hemps and I concur that they are the shit.
There was also a sample bottle of Michter's 10 year rye in the box.
Sorry, I forgot to mention that, but yes got that too! Thanks so much.
Really want the wolf grey dunks on Friday. I’m going to have a 0.00% chance to get them of course.
I think stuff is getting easier now after so many people have lost money trying to resell. I’ve been hitting everything but the ultra limited stuff
Hopefully man. The only stuff worth reselling is off white, super limited collabs, and og color ways.
which is great for me. Off white and most of those collabs aren’t my thing and stores get the og color ways most of the time so those aren’t too bad to get.
These postponed? Says 10/15 now. Like them but would def change the laces.
Night before last was our anniversary and we went to dinner. Went to a place on the river with outdoor seating with an awesome sunset. Midway through dinner, an old man had to be in his 80s, tapped me on his way out and said "The way you interact with your daughter is beautiful." And then walked off. Not going to lie, that was probably the best compliment I've ever gotten and hit me in my soul man. G asked what he meant, I explained he liked seeing how we played together, and that was a great compliment. She replied "Is it better than him saying he likes your shoes?" I died.
These are great
Only thing I don't like is the white eyelet. It's out of place with no other white. Should have been sail, same with laces. I can fix the laces, can't fix the eyelet.
Yeezy slides up on confirmed.
Snagged these for my daughter
What’s the consensus on slide sizing? 11.5 in everything, 12-13 in Yeezy.
I really dont know. Everything i see always says they run small. Im a 8.5 and get 9 in Yeezys. I always go for a 9 in the slides. If the 12’s are on the small end for you Id probably go 13.
My 12 in 380 was a little snug, nearly perfect without the insert. Got a 13 in 350, in part cause I thought they’d be easier to get in 12.5, and they’re a bit big lol.
Got these about 2 weeks ago, but still pending on StockX. Slowing my roll, as I'm waiting to determine sizing before grabbing more.
Perfs are a little much
They are based on the Air Trainer Chlorophyll. That's why the toe box and side is perforated.
Makes sense, just speaking on my personal preference.