how do bids work on stockx

How does StockX bidding work. Step 2- Listing a Product.

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Set a bid for product 30 days Wait for the bid to be successful.

. 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. The seller is responsible for that. It isnt an auction its more like a stock market.

List your product and set it to bidding or buying. How sneaker fans are cashing in on the 2bn resale market for limited edition trainers. What both buyer and seller can do.

Remember the advice above. Click on the green button with the Place Bid sign. Asks Sell Now shipping verification and payment info.

In doing this Use the search bar on top of your screen to enter the make and model of the sneaker. Heres what you have to do. Copped under retail and got them in 3 days.

Therefore bids technically only end when a seller accepts a bid. What happens if you lose a bid on StockX. Resellers are losing money from the low bids that are offered on StockX.

You may be the highest bidder but no one is under any obligation to accept your offered price. Sell product for highest bid. You can check whether youve.

They do so by placing competitive bids in an attempt to beat out the other buyers. How do bids work. List a product for sale 2.

This will be added onto your bid once a seller accepts your bid. Click on the sneakers to see more details. Sell product at an Ask for Price 3.

Ad Buy and Sell the hottest sneakers streetwear games consoles and more. 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. Op 2 yr.

Notifications and settings Ask and Bid management. Products are listed on the website with an Ask price that must be met by a buyers Bid to process the sale automatically. Learn how StockX ensures our products are legit.

When you bid youre essentially asking a seller to accept your price. If you sell or buy a lot you get discounted fees as well as discounts on shipping. 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.

They receive fees from both the buyer and the seller and settle everything with customs. Auctions can be live from 3-5 days depending on what the seller chooses. Meanwhile low bids on StockX offer a great opportunity to make money.

Bids Buy Now how to pay and deliveries. You can set listings up to expire after 7 10 14 30 or 60 days and renew as needed. The person who bids the highest amount wins the auction.

Youll be responsible for shipping fees though. Enter the amount that youd like to bid. Buyers who participate in auctions bid against each other in order to win the asset through an open bidding process.

If bidding buyers have the option of submitting a bid for a certain period of time 7 10 14 30 or 60 days. Auctions can have a set reserve price andor a buy now price. Once the reserve price is met buy now is no longer.

At the top right corner youll see the current highest bid. Monitor and predict price fluctuations like a stock index Gauge price patterns based on 12-Month Historical data. Once your bid expires StockX will let you know and youll be able to re-bid.

Select your sneaker from the options that appear and enter the size youre selling. This entails adding the qualities of your product including the name and model. You arent responsible for paying processing fees.

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