how do bids work on stockx

So I decided to make a detailed video. Op 2 yr.

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You can always change your bid provided that the seller hasnt already accepted it.

. Learn how StockX ensures our products are legit. Heres how to do so. Our real-time marketplace works just like the stock market allowing you to buy and sell the most coveted items at their true market price.

All listings for a given product Adidas Yeezy 700 V3 Azael shoes are compiled on a single page where sellers can view outstanding bidsasks and past sale data to inform their submission. Asks Sell Now shipping verification and payment info. Bids Buy Now how to pay and deliveries.

They receive fees from both the buyer and the seller and settle everything with customs. Founded by Josh Luber Greg Schwartz and Dan Gilbert co-founder of Quicken Loans and owner of the Cleveland Cavaliers in 2015 the. Auctions can have a set reserve price andor a buy now price.

Find the bid that you want to change. Notifications and settings Ask and Bid management. Can I Cancel My Bid.

How Does Bidding Work on StockX. Global Access Whether its pre-release regionally limited or sold out our millions of customers from over 200 countries allow you to easily secure those hard-to-find coveted items. StockX follows the usual auction processes auction starts bids start coming in the highest bidder or the person who buys now can win the auction.

These platforms features benefit sellers by removing the. Click on My Bids. Once the reserve price is met buy now is no longer available.

Fees are dependent upon the amount of previous items sold and range between 11 to 125 percent. Check it out as I place a bid on a shoe an. To put it in simple terms placing a bid on StockX means that youre committed to buying an item if your bid is accepted.

It isnt an auction its more like a stock market. Only if its still pending. To my surprise many people are confused about how to place a bid on StockX.

Auctions can be live from 3-5 days depending on what the seller chooses. Also when you make a bid in EU you have to substract the VAT Stockx used a 5 VAT so lets say the highest bid shown is 300 to actually match the bid you have to bid 300 105 which is 315 but the 15 is substract because stockx pays it as VAT. Open your StockX profile.

Click on the Edit sign. The seller sends the shoes to StockX which examines the shoes to make sure that they are genuine and unworn and then sends the shoes to the buyer. If you sell or buy a lot you get discounted fees as well as discounts on shipping.

Enter the new bid. Meanwhile low bids on StockX offer a great opportunity to make money. Resellers are losing money from the low bids that are offered on StockX.

You can either increase or decrease the amount of your bid. You may be the highest bidder but no one is under any obligation to accept your offered price. Well StockX has different prices for different regions due to import taxes same pair of dunks can cost 250 in EU and 200 in USD.

When you bid youre essentially asking a seller to accept your price. The business model of StockX is based on charging sellers a percentage fee for every sale they make on the platform.

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