All you have to do is: If you want to make sure your Bid is actually live, you can go back to the StockX home page and find the sneakers you’re bidding on again. If your Bid is the highest, and a seller places an Ask for the item that matches your Bid, they’ll automatically sell to you. eBay does automatic bidding not just if you are the high bidder, but for all of your competitors as well. There is thus no way to know "how much is enough" to "just barely" outbid them. In this article, we’re going to explain in detail how the bidding works on StockX and guide you through the steps. This allows you to set a price you are willing to pay for an auction. This does not effect our editorial in any way. I was bit unknown to StockX platform they do bidding to BUY/SELL the products so question was similar to that. ... StockX does not directly link to NAIT, but the NAIT number, if entered, will display to the buyer and seller on the transaction tab of a successful trade. StockX considers unworn, brand-new sneakers to … Then select “Review Bid”. Locate the search bar, type the name of the item you would like to sell on StockX. StockX is kind of addictive, and it can be tempting to place new bids every day. Buyers place bids, sellers place asks and when a bid and ask meet, the transaction happens automatically. Or does my bid disappear? StockX then tracks and graphs the completed sales, showing the current and historical market value of a … Then select the “Buy or Bid” button when you’re ready to place a bid. Your email address will not be published. How does StockX work? Enter the changes you want to make. Many buyers are nervous buying shoes online, not knowing if they are getting the real deal or a knockoff. The bidding part is a cool concept which I like to use to hopefully score the item for a price lower than the asking. Sellers list goods such as sneakers, watches and handbags on the exchange at a desired ask price. Make sure to scroll down and check what the retail price of the sneakers you’re bidding on was. Learn More About Buying + + + + + Selling on StockX. There are two ways to buy on StockX: placing a bid or Buying Now. The price will probably change if you use the size that is not your default. But what makes StockX different from any other website where you can buy sneakers and high-value accessories on? So I decided to make a detailed video. Scroll back up and check the Lowest Ask for the price as well. Once the seller has accepted your bid, you can’t cancel it. Since November 2020, it has also opened up to electronic products such as game consoles, smartphones and computer hardware. Also does the seller get notified that I placed a bid. Select the Bid you want to change and click on the green little pen button on the right. If you find sneakers that you’ve been wanting to buy for months, it’s normal that you’ll be ready to pay more just to have them. When it’s nearly expired, StockX will send you an email reminder and suggest a renewal. However, you may not win any bid for a while. The reasoning behind the decision involves the implied deal that bidding suggests. THE BASICS. How To Automatically Alphabetize in Google Sheets, How to Send Confirmation Emails from Google Forms, How To Delete Your Gmail Address Permanently [January 2021], How To Record a FaceTime Call [October 2020], How to Scan & Fix Hard Drives with CHKDSK in Windows 10. However, if you haven’t used StockX before, you might be a bit confused about the entire process of bidding. What is a Bid and how do I buy on StockX? How Does It All Work? On the other hand, some people buy shoes for reselling them on StockX or some other website. Anonymity . Don’t let it discourage you as the market changes every day. Anna Middleton Read more May 15, 2020. When a bid and ask match, a sale occurs automatically. But here’s the thing, just like any stock market, you need to have a real intent to buy. Let us know in the comments section below. How Does StockX Work? Does it have to do something with the bids? Unfortunately, StockX does not allow you to cancel an order or bid once it is accepted. Can I cancel it? A Bid signals your intent to buy - it is your financial offer for an item on StockX. Its kind of like a chess match where you put a competitive offer in and hope they budge before another seller does.Suprising, some might think stockx prices are a Ripoff but I actually find resale prices on here to be alot lower than resale sites! How does StockX work? Even before that, find out whether the sneakers are in your size. You can select the number of days until a bid expires: 1, 3, 7, 14, 30, or 60. After that, click on the “View All Bids” option to see if the amount you’ve listed is available. That’s not even the most important. How Does Bidding Work On Stockx Details. There are two ways to purchase an item on StockX: you can place an auction bid or 'Buy Now', much like you do on eBay. So after those 3 days are up are the shoes mine? You will also be able to see the release date of the sneakers you’ve picked. Updated: March 29, 2021 / By Greg Brown Advertising Disclosure. If you find … And let’s say he declines my bid would it tell me or not? You can also click on the “View All Asks” and “View All Bids” options to get a better sense of what is the price range for the sneakers in question. You also have to look at the gap between the lowest ask (seller asking price) and the highest bid (buyer bidding price). The site is built more like a stock market than an auction platform. How do I contact customer service and when can I expect to hear back? At the top right corner, you’ll see the current highest bid. Remember the advice above. Sorry for all the questions hahaha . None of the bidders actually know the maximum entered by the current high bidder. How does bidding work? How Does Bidding Work on StockX? The current maximum is secret. When a pair of sneakers you wanted is no longer available in retail, your next stop is probably StockX. The system has given 20 helpful results for the search "how does bidding work on stockx". How does bidding work when there’s no ask. I’ve watched YouTube videos showing how you can sell a sneaker immediately before you even buy it in the store and ship it in the same day, and sometimes people buy the sneaker from the store but got to hold onto it until someone buys it. Obviously, sellers will hit the bids that are higher than yours first. Is stockx legit? Make sure to toggle the button from “Buy Now” to “Place Bid” and then enter the amount you have in mind. There is thus no way to know "how much is enough" to "just barely" outbid them. Can I Cancel an Order? However, if you’re shopping casually, it may be worth taking some time to wait for the best offer. However, you might want to check out the existing bids first. Click on the sell button in the top right corner. However, even if you forget about your bid, your payment method will be charged if it’s accepted. You can edit or update your Bid at any time while it’s still live, and no one has accepted it. Of course, the best way to guide you through the process of adding an item on StockX is with an example. Automatic bidding is for everybody. Are you planning on placing a bid on StockX? The Detroit-based company was founded by Dan Gilbert, Josh … Question. Whether you’re looking to make quick cash or start a reselling business, we have the tools to help you succeed. Your email address will not be published. If you don’t want to wait, simply select “Sell Now” on the product page to sell the item immediately at the highest Bid. As you may know, StockX allows you to bid for each size separately, and the prices often vary a lot. StockX’s Authentication Process. A list of similar products is generated. Trustpilot.com DA: 18 PA: 18 MOZ Rank: 51. That’s it! You can look at the current asking prices and hit the lowest one. You’ll receive your payout once your item is shipped and verified by StockX. Learn More About Selling + + + + + What People Have to Say About StockX . You do not need to take a photograph of your product, that has been made easy … As a live marketplace, StockX empowers you to Bid and Buy at real-time prices that reflect the current demand. First thing’s first… Before I start delving deeper into the subject, it is better to first understand how the real stock market works as you could then follow the pricing system, listing, and bidding that goes on the StockX. Never worry about legit buyers or sellers – we’re in the middle. You can either increase or decrease the amount of your bid. You can also cancel or update your bid anytime before an Ask meets it. StockX is an online marketplace (available both via web and app) that facilitates the sale of unworn streetwear related products such as sneakers and other collectibles. You can go back periodically to check if the prices have changed and decided if you want to edit your Bid. Go to the homepage. Enter the amount that you’d like to bid. We’ll send an email when your Bid is about to expire so you can renew it or let it go. Except in special cases and if StockX approves. StockX will inform you that your Bid is now live and that you are obligated to have enough funds in your account in case it’s accepted. So I decided to make a detailed video. Some people use it out of convenience, but most like it because they can find designer models that are otherwise difficult to find. Whether it's streetwear or sneakers or collectibles, if you want something in your personal collection then all you need to do is make an offer that any seller can accept or purchase immediately at the lowest asking price. Not having to do all that work makes StockX easier to use than other selling platforms. Click on the sneakers to see more details. A Bid signals your intent to buy - it is your financial offer for an item on StockX. A Bid signals your intent to buy - it is your financial offer for an item on StockX. (Or do they sell fake kicks?) Or is it a scam? The platform requests everyone considering bidding or making an offer to consider their circumstances. These are the recommended solutions for your problem, selecting from sources of help. Bid and ask prices are market terms representing supply and demand for a stock. This is the reason why you have to enter your billing info before you place a bid. Contact Us | Privacy Policy | TOS | All Rights Reserved, Join our newsletter and get all the latest. That’s why you also have to set a bid expiration, which can be one day to two months. Your Bid also has an expiration date. Disclaimer: Some pages on this site may include an affiliate link. How long does it take to receive my order? If the gap is large, you likely won’t win a bid even if you bid the highest. Let’s make it straightforward: The fastest way to win a bid on StockX is to meet the ask price. Join over 260,000 subscribers! The displayed lowest ask is 165 euros where shipping and processing fees also apply for another 20 euros. However, if you want to wait a little while for a better price, you have the option to bid on any item. Is StockX your favorite place to sell or buy sneakers? Unfortunately, StockX does not allow you to cancel an order or bid once it is … How does StockX work? Go to “My Account” on StockX and select “Buying”. All stock markets can be fickle at times – it’s the same with StockX. As common with any high growth (and potentially loss making) startup, StockX does not disclose any public revenue figures. The current maximum is secret. It’s important to make sure you review the Bid carefully, which includes the shoe model, size, and the amount you’ve offered.