StockX Announces New Lower Base Fees
This week reseller platform StockX announced another fee structure change making this the 4th such change in less than two years. The last such change came barely two months ago when they lowered base seller fees from 9.5% to 9%.
This fee structure change addresses the minimum seller fees lowering them from $9 to $5. Regardless of a seller's tier-based commission fee, there is always a minimum fee for StockX.For instance, if an item only sells for $30 and a 9% commission would be $2.70, the seller would still have been charged the $9.00 minimum. Under the new structure, the seller would only be charged $5.00.
With the sneaker resale market trending downward for some time now, there's no doubt that lower fees will benefit resellers. However, the question has to be asked of why StockX keeps changing its fee structure. Given their constant bombardment of questions about their authenticity verification, there could be more going on than meets the eye. We’ll have to see how it plays out, but for now, enjoy this dip in resale prices. We’ll monitor market conditions and post any updates to our Twitter and Instagram.
Images via StockX
This week reseller platform StockX announced another fee structure change making this the 4th such change in less than two years. The last such change came barely two months ago when they lowered base seller fees from 9.5% to 9%.
This fee structure change addresses the minimum seller fees lowering them from $9 to $5. Regardless of a seller's tier-based commission fee, there is always a minimum fee for StockX.For instance, if an item only sells for $30 and a 9% commission would be $2.70, the seller would still have been charged the $9.00 minimum. Under the new structure, the seller would only be charged $5.00.
With the sneaker resale market trending downward for some time now, there's no doubt that lower fees will benefit resellers. However, the question has to be asked of why StockX keeps changing its fee structure. Given their constant bombardment of questions about their authenticity verification, there could be more going on than meets the eye. We’ll have to see how it plays out, but for now, enjoy this dip in resale prices. We’ll monitor market conditions and post any updates to our Twitter and Instagram.
Images via StockX