StockX is an online marketplace that allows buyers and sellers to trade sneakers, streetwear, handbags, watches, and other high-end goods. When you sell an item on StockX, you receive payment once the sale is complete. There are a few key things to understand about how StockX pays sellers:
StockX escrow service
StockX operates using an escrow service model. This means that when a buyer purchases an item from you, the payment is held securely by StockX until the transaction is complete. Here’s how it works:
- A buyer places an order for your item and their payment is held in escrow by StockX.
- You ship the item directly to StockX for verification.
- StockX authenticates and inspects the item to ensure it matches the listing description.
- Once verified, StockX releases the payment from escrow and pays you (minus fees).
- StockX ships the item to the buyer.
This escrow system helps ensure trust and safety for both buyers and sellers. The buyer doesn’t have to pay until they receive the verified item, and you don’t have to ship until payment is secured.
StockX payout timeline
Once StockX receives and verifies your item, payment is typically issued within 1-2 business days. However, the full payout timeline can take 5-10 business days and involves the following steps:
- You ship the item to StockX (1-2 days in transit)
- StockX verifies the item (1-2 business days)
- StockX releases payout from escrow (1-2 business days)
- The payment is processed by your bank (1-3 business days)
So once the verification is complete, it generally takes 3-5 business days for the money to hit your account or payment method. StockX does clearly show the estimated payout date on your portfolio page so you know when to expect payment.
How StockX pays sellers
StockX offers sellers several payout options:
- Direct deposit (U.S. only): FREE fast direct deposit into your U.S. checking account. Takes 1-3 business days to process.
- PayPal: FREE standard payout to your PayPal account. Takes 1-3 business days.
- Paper check (U.S. only): Mailed first-class in the U.S. Takes 7-10 business days. $5 check fee.
- Wire transfer: $30 fee per transfer. International wires cost extra.
- StockX seller credit: FREE payout as credit in your StockX account. Instant.
PayPal and direct deposit are the most popular options due to the free fast payments. StockX does not offer bank transfers or electronic funds transfers (EFTs) at this time.
StockX fees
When you sell on StockX, the main fees are:
- Processing fee: 3-9.5% of the transaction amount
- Payment processing: 2.9% + $0.30 for U.S. sellers paid via PayPal
The processing fee varies depending on the product category. For example, sneakers have a 9.5% fee while handbags are only 3%.
These seller fees are deducted from your payout total. StockX also charges the buyer a processing fee.
Frequently Asked Questions
How long does it take StockX to pay you?
It typically takes 3-5 business days after StockX verifies your order to receive seller payout. The full timeline is:
- 1-2 days: Ship item
- 1-2 days: Authentication
- 1-2 days: Payout processing
- 1-3 days: Bank/PayPal transfer
So if you ship on Monday, you can expect payment as early as Friday or the following Monday.
Does StockX pay instantly?
No, StockX does not offer instant payment. All sales must go through the authentication process before payment is released from escrow.
However, if you choose StockX seller credit as your payout method, the funds are instantly available as credit in your StockX account.
How much does StockX take?
StockX charges sellers a processing fee of 3-9.5% of the transaction amount, depending on the product category.
They also deduct 2.9% + $0.30 when paying sellers via PayPal. No fee for direct deposit.
The processing fee is taken automatically from your payout amount prior to disbursement.
Can StockX send payment to PayPal?
Yes, PayPal is one of the standard payout options on StockX. Sellers can receive StockX payouts directly to a PayPal account for free.
The only fee is the 2.9% + $0.30 that PayPal charges for transactions from U.S. sellers. PayPal funds are usually available within 1-3 business days.
Does StockX pay with checks?
StockX allows U.S. sellers to request payment by paper check mailed first-class. There is a $5 check fee per payout.
Checks take 7-10 business days for mailing time and processing. This is slower than PayPal or direct deposit.
How old do you have to be to sell on StockX?
The minimum age to sell on StockX is 18 years old. You must provide identification to create a seller account.
StockX also requires seller accounts to be registered in the name of an individual person – business or unregistered accounts are prohibited.
Getting Paid Quickly on StockX
Here are some tips to speed up getting paid when selling on StockX:
- Ship items quickly using fast, trackable shipping like UPS or FedEx.
- Make sure your items match the description so they pass authentication.
- Keep communication open with StockX if there are any issues.
- Choose instant seller credit instead of PayPal or direct deposit.
- Double check bank account details to avoid delays.
- Consider lowering prices to sell faster in high demand categories.
The faster your item passes verification, the faster your payout will be released. So shipping promptly and accurately describing the item’s details are key.
How to Withdraw or Cash Out from StockX
Withdrawing or cashing out your seller earnings from StockX involves:
- Navigating to your StockX “Portfolio” page.
- Clicking “Payout” next to your available balances.
- Selecting your preferred payout method:
- Direct deposit (1-3 days)
- PayPal (1-3 days)
- Check by mail (7-10 days)
- Wire transfer ($30 fee)
- Seller credit (instant)
- Entering your payment details.
- Waiting for the funds to process to your account.
Be sure to regularly withdraw your available earnings, as balances over $500 can be subject to fees. And track your estimated payout date so you know exactly when to expect the money.
Conclusion
Selling on StockX provides access to a large market of buyers wanting to purchase rare and coveted goods. And StockX makes it easy for sellers to securely get paid once items are sold and verified.
Knowing the typical 1-5 business day timeline for payouts can set expectations for receiving your funds. Opting for faster shipping, accurately describing your items, and using PayPal or direct deposit can help expedite the process.
So by selling unwanted sneakers, streetwear and other luxury items on StockX, you can turn unused goods into cash in your pocket with ease.
