I had some time and looked into the website a little more (in regards to handbag buying/selling only). All I have to say about this site is that there is a ton of work that needs to go into their handbag selling platform. From an email with CS, I was told that they are only working with a few high-end brands at the moment and they have a "catalogue" of only selective items. So if your bag is not in their catalogue, you have to send them an email with pictures so they can add your handbag in order for you to list the item. So if you're looking to buy a classic Louis Vuittons Speedy, you're most likely looking at a stock photo. If you're in the market for something special and that item is the first of its kind to be listed, then you're getting (edited) pictures that were sent in by the seller.
The second thing that irks me is their condition criteria. They say they will only accept excellent condition handbags (meaning little to no wear). Here is their condition guideline outline of the yays and nays that they're willing to take/not take: https://stockx.com/news/follow-stockx-bag-condition-guidelines/ It still seems kinda of vague to me and I'd be holding my breath each time I send them a preloved handbag. Why? Because if your handbag doesn't pass their "excellent condition" criteria, they charge you 15% of the sale price. And I would assume that they have a team of different people checking in things. And while one person may think an item is in ex. condition, another might not. I know they probably follow a guideline, but what if you're unlucky and get someone SUPER picky? Seems a bit too risky for the average Jane who's just trying to clear out some preloved goodies. In all honestly, if I am going to list on StockX, I'd probably only list my new/like-new/mint condition items.
I haven't sold anything yet (or know of someone who has), so I can't comment on their payout time. The commission on the handbag category is 14.5%. And like Tradesy, they are charging sellers an additional 3% to cash out, either as a direct bank deposit or to PayPal. So all-in-all expect around 18% commission, which is comparable to what Shop-Hers used to charge. They do BIN/OBO types of auctions. You set a price, a buyer can choose to buy you out right or they can submit a general offer to all existing listings for the specific item. If they seller accepts the "bid" price, then the item sells for that price. There buy/sell format seems pretty straight forward.
Would I sell on this site? Yes, but only my new items to ensure that my items all pass the inspection process. Would I buy? Probably not, as I am quite meticulous on the condition of the items I am purchasing (yes, I am picky) and buying on StockX would probably mean I'd be buying with my fingers crossed that I would be getting an item in excellent condition up to my standards. I am sure I am not alone, but if I am dropping a few grand on a Hermes or Chanel, I'd sure want to see actual pictures and not some random stock photos.
Sorry for the long response, just expressing my personal thoughts on the site.
The second thing that irks me is their condition criteria. They say they will only accept excellent condition handbags (meaning little to no wear). Here is their condition guideline outline of the yays and nays that they're willing to take/not take: https://stockx.com/news/follow-stockx-bag-condition-guidelines/ It still seems kinda of vague to me and I'd be holding my breath each time I send them a preloved handbag. Why? Because if your handbag doesn't pass their "excellent condition" criteria, they charge you 15% of the sale price. And I would assume that they have a team of different people checking in things. And while one person may think an item is in ex. condition, another might not. I know they probably follow a guideline, but what if you're unlucky and get someone SUPER picky? Seems a bit too risky for the average Jane who's just trying to clear out some preloved goodies. In all honestly, if I am going to list on StockX, I'd probably only list my new/like-new/mint condition items.
I haven't sold anything yet (or know of someone who has), so I can't comment on their payout time. The commission on the handbag category is 14.5%. And like Tradesy, they are charging sellers an additional 3% to cash out, either as a direct bank deposit or to PayPal. So all-in-all expect around 18% commission, which is comparable to what Shop-Hers used to charge. They do BIN/OBO types of auctions. You set a price, a buyer can choose to buy you out right or they can submit a general offer to all existing listings for the specific item. If they seller accepts the "bid" price, then the item sells for that price. There buy/sell format seems pretty straight forward.
Would I sell on this site? Yes, but only my new items to ensure that my items all pass the inspection process. Would I buy? Probably not, as I am quite meticulous on the condition of the items I am purchasing (yes, I am picky) and buying on StockX would probably mean I'd be buying with my fingers crossed that I would be getting an item in excellent condition up to my standards. I am sure I am not alone, but if I am dropping a few grand on a Hermes or Chanel, I'd sure want to see actual pictures and not some random stock photos.
Sorry for the long response, just expressing my personal thoughts on the site.
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