Is StockX legal? (What is it, how does it work, etc!)
It’s hard to get a good pair of shoes these days, especially if you’re looking for the kind of shoes you won’t find at your local shoe store. If you can’t try them on, walk around, check the styles, and make sure they fit your feet, then you’re missing a critical part of the shoe-buying experience.
Still, there are plenty of ways to buy shoes online if you want, but that comes with its own risks.
You might see a beautiful shoe on a website, tick all your boxes, only to buy it eagerly and notice that the real physical product is faded, worn, full of wear and tear, and is more wear-and-tumble than advertised The size is two sizes smaller. It’s the kind of thing that makes people suspicious of sites that sell sneakers, but does that skepticism apply to StockX?
We took the time to do a deep dive into StockX’s market, and it does a great job of allowing people to buy and sell legitimate sneakers that will sell to you as advertised. Plus, if you like the sneaker side of Stockx, you can buy and sell other things on the market as well.
So if you’re looking to buy your next pair of sneakers from StockX, read on to find out everything we’ve got to say!
Is StockX a legitimate website?
StockX is a 100% legitimate website. StockX has a team focused on creating an environment of 100% authenticity, and they do this through a dedicated certification team and proven ironclad procedures for every item they sell. First of all, they only allow slow-moving items, which means anything you buy will be brand new and never worn, which is very important when it comes to sneakers!
They also check the construction of the sneakers to make sure that what you buy is what you get, and they even make sure the packaging meets their very high standards.
Unlike other stores, when you buy from StockX, you may receive a pair of $100 sneakers in a $10 box, and you get a properly packaged item.
They work with buyers and sellers
Unlike some stores where you need to communicate with sellers yourself and where online marketplaces only step in when things get really bad, StockX is very active on both ends of the transaction.
They make sure that everything is handled by their team, so transactions can happen seamlessly, and they also have a dedicated system to keep their market and your data safe.
Authentication is the name of the game
Whether you’re buying the latest sneakers or choosing to resell for a profit, your product will be certified by their team of experts. If you buy, you either bid on the product or buy it outright without an auction.
The item in question will be authenticated by the team and once it meets the criteria it will be shipped to you.
If you’re selling an item, you’ll sell that item and ship it to StockX after someone buys it. The team at StockX then authenticates the item. Once approved, you can get paid for your item and it goes directly to the buyer.
Having StockX act as the middleman between buyers and sellers means that whenever you buy or sell sneakers, you can have complete confidence that you’re getting the real deal.
More about buying and selling
Buying and selling on StockX is a little different than some other companies and online stores you may have worked with. There are two ways for customers to buy products on StockX, one is bidding and the other is inquiry.
Customers make an asking price, which is usually the lowest price they ask for when you buy. However, you can buy at the asking price or bid at a price of your choice. Bidding opens up StockX’s dynamic and real-time marketplace, which goes back and forth as people bid on products, much like an auction.
Eventually, a balance between the bid price and the asking price is reached, and the sneakers are sold. Bidding and betting can be fun, and if you place your bets right, you may end up saving some money.
If you’re a seller, you don’t need to take professional photos of your items, share your personal information, write trendy descriptions, or even talk to buyers! You simply search for your product on the StockX website and click, then set your price. After that, StockX took control.
Customers from all over the world will be able to see StockX’s premium website page for this item along with your price. They can then buy at your asking price or offer, and eventually, the item will be sold.
Then you ship your item to StockX, get paid, and repeat. Like all online businesses, there is a small commission on each sale, but the more you sell with the company, the lower the commission!
StockX works like a stock market, which makes it legal
StockX is not just a fancy name, it works because it reflects the bidding, selling, transparency and trust of the real stock market. Buyers bid or share their minimum requirements and sellers can sell at a price that works for them.
If you know how to bid correctly and have a little patience, there is a lot of potential to get sneakers very cheap, and as a buyer or seller, looking back and seeing how the market for that item has changed, it will even very funny.
Additionally, each item on StockX has a set of historical data that you can use as a buyer and seller.
You will be able to view the “Sales History” of the item you plan to sell to see the price. That way, you won’t spend $300 on a sneaker brand that sold for $150 in another corner of the site five minutes ago. As a seller, you can price your items reasonably to get the best interest from buyers.
In addition, bids from buyers and sellers also last for 30 days, but can be cancelled before that time. So if you give up and want to try something else, or want to wait for your competitors to hit the sweet spot on price, you can. At StockX, a little patience will go a long way towards getting the best price.
What if my shipping is bad?
While the chances of getting scammed on StockX are slim, you can run into a fairly common problem across all storefronts – poor shipping. Sometimes it’s because of your postman, your delivery service, or some other third party that processes your package before it reaches you.
If you find that your sneaker packaging is damaged or the sneakers inside are damaged due to water ingress or mishandling by the postman, you can contact StockX’s customer service team and request a replacement or refund. The customer service team is always responsive and you will solve the problem no matter what.
What about mixed reviews?
If you keep looking for reviews on StockX, you’ll see some mixed review verdicts on common review sites. Most of the reviews praised the site’s bidding structure and the fact that the shoes were shipped to them faster than advertised. Others, however, talk about shipping issues, and StockX’s lack of a return policy.
However, the best way to see if mixed reviews are skewed towards negative or positive is to test StockX yourself and see what you think. The company is legit, especially if you look at its accolades and everything it has done since its inception, and trying it out will be more useful to you than reading a few reviews.
You may also be interested in these articles:
Final Verdict: Is StockX Legal?
Yes. StockX is a legitimate company when it comes to buying and selling shoes online. If you’re looking to buy a new pair of sneakers at a non-retail price, or if you’re looking to resell brand new authentic shoes on the platform, this is the place for you.
Because of StockX’s active interactions in the buying and selling process, and its strong focus on authenticity and transparency, you don’t need to worry about working with this company.
Give it a try and see what StockX can do for you, because this company will forever change the way you shop for shoes. Then you’ll never walk into a shoe store again!
