One of the biggest aftermarket sneaker-selling platforms, StockX, has announced a change in its fee structure for sellers once again. The change represents the third change in fees for StockX since August of 2021 as the brand continues to be embroiled in a lawsuits with Nike and others.
The structure lowers the base fee from 9.5% to 9%, which sounds good on the surface, but there's more than meets the eye. While the base fee for Level 1 sellers is less, the requirements to advance through the levels and secure lower transaction fees have increased by as much as 800%. Transactions required to move from Level 1 to Level 2 increased from 3 to 12, and the sales needed to reach Level 3 jumped from 6 to 40. The most significant increase was in Level 4, where sellers can benefit from a 7.5% fee. The standard for Level 4 drastically rose from 25 transactions to a whopping 200.
"This new fee structure is attractive to sellers and demonstrates our commitment to empowering entrepreneurship in our community," said StockX co-founder and COO Greg Schwartz. While Schwartz insists the new fees benefit sellers, it begs the question; why so many fee changes in such a short period? Changing fee structures three times in two years doesn't exactly scream stability, but we'll have to wait and see how this one plays out. For more info on sneakers, streetwear, and collectibles, follow us on Twitter and Instagram.
Images via StockX
One of the biggest aftermarket sneaker-selling platforms, StockX, has announced a change in its fee structure for sellers once again. The change represents the third change in fees for StockX since August of 2021 as the brand continues to be embroiled in a lawsuits with Nike and others.
The structure lowers the base fee from 9.5% to 9%, which sounds good on the surface, but there's more than meets the eye. While the base fee for Level 1 sellers is less, the requirements to advance through the levels and secure lower transaction fees have increased by as much as 800%. Transactions required to move from Level 1 to Level 2 increased from 3 to 12, and the sales needed to reach Level 3 jumped from 6 to 40. The most significant increase was in Level 4, where sellers can benefit from a 7.5% fee. The standard for Level 4 drastically rose from 25 transactions to a whopping 200.
"This new fee structure is attractive to sellers and demonstrates our commitment to empowering entrepreneurship in our community," said StockX co-founder and COO Greg Schwartz. While Schwartz insists the new fees benefit sellers, it begs the question; why so many fee changes in such a short period? Changing fee structures three times in two years doesn't exactly scream stability, but we'll have to wait and see how this one plays out. For more info on sneakers, streetwear, and collectibles, follow us on Twitter and Instagram.
Images via StockX
