Last updated Feb. 28, 2023 by Chim Gracia
One of the popular ways investors make money nowadays is by buying valuables and selling them for a profit later on. However, one of the challenges investors faces is finding the best products and avoiding scams. There are sites and platforms out there that aren’t legit.
Notwithstanding, StockX is here to help. The site allows you to buy and sell collectibles such as watches, sneakers, trading cards, and more! Though StockX is a legit platform, but it has its pros and cons.
This StockX review will help you learn more about the platform, its features, and how you can easily use it as an alternative investment asset.
What is StockX All About?
StockX is an online platform for buying and selling merchandise that collectors value. At first, the website was created as a marketplace for selling sneakers. Now, it allows you to trade other valuables. It is open to buyers and sellers in the U.S. and many countries worldwide.
StockX lets you buy or sell these items on varieties of sneakers (Air Jordan, Adidas, Yeezy, Nike, etc.), streetwear (Travis Scott, Off-White, Supreme, etc.), collectibles (Hot Wheels, KAWS, Legos, Bearbrick, etc.), electronics (Video games, consoles, and accessories), trading cards (Sports, RPG, and Pokemon), watches (Rolex, Seiko, Casio, etc.), and handbags (Louis Vuitton, Gucci, Chanel, Prada, etc.).
The site lets you browse the most recent purchase prices and tags for a variety of physical products. StockX authenticates every product due to reports that the collectibles industry is overrun with fake items and scams.
Now users have the peace of mind and confidence to buy and sell items websites like eBay may not provide.
Buying expensive items is a stress-free experience thanks to the site’s authentication guarantee. Having access to buy from international sellers also means you can purchase and get hard-to-find items that, normally, domestic stores might not have in stock.
How Does StockX Work?
StockX is the world’s first stock e-commerce market for valuables. So whether it’s sneakers, streetwear, or collectibles, if you aim to get something in your collection, all you need do is make an offer that a seller can accept or purchase at an affordable asking price.
As soon as your payment is verified, the seller will be asked to ship directly to StockX – where they’ll authenticate the item. Then it will be delivered straight to your doorstep packaged safely with a green StockX-branded tag guaranteeing your purchase has gone through the most stringent of legit checks.
On the flip side, if you want to sell an item on StockX, you only need to list the item for sale or sell it immediately to the highest bidder. Then, when someone buys the item, ship it to StockX within two business days for them to authenticate it.
It will be shipped to the buyer when it passes the test. But if it fails the authentication, it will be returned to you for whatever reason.
Is StockX Legit?
StockX is a safe and legit platform that has been in the business since 2015. They’re best recognized as a marketplace to buy and/or sell deadstock luxury fashion, sneakers, and other collectibles. The platform inspects and verifies each sold item for condition, quality, and authenticity.
The company was launched in 2015 by Dan Gilbert, Greg Schwartz, Josh Luber, and Chris Kaufman in Detroit, Michigan. Since then, StockX has accrued over 1000 employees across offices in the U.S., the U.K., and the Netherlands.
StockX offers a safe place for buyers and sellers to negotiate, exchange products and funds, and hold each other accountable. The company verifies every item before it is displayed on the market.
StockX Review: Getting Started
To join StockX, click here. Once you’re at the homepage, click the “Sign Up” button at the top right-hand corner of its site. It’s easy and free to sign up — just insert your name, username, and password.
You can further tailor your account preferences and profile for browsing, but this information isn’t a requirement to get started. Once logged in, you can start buying, selling, and perusing what’s trending.
How To Buy Items on StockX
Like eBay, StockX features a bid and a “Buy Now” option. Bidding directs you to an auction where others can also provide an offer to the seller.
However, unlike eBay, StockX includes an extra step to the buying process. After buying an item, it will stop at StockX for authentication before it is shipped to you.
Not to worry, this is to erase the fear of purchasing fake sneakers or scam luxury bags. With StockX, you can be assured that all brands and designers are legit. Furthermore, it will be shipped from StockX to you if the item checks out.
How To Sell on StockX
Like buying on StockX, selling on the platform is pretty easy. You can simply list a “sell now” asking price as a seller. Once it sells, you can then ship it to StockX. Your item must pass through the authentication stage before it is sent to the buyer.
You’ll get paid when it passes the test and is successfully shipped to the buyer. Like most marketplaces, you can determine the price of your item and have access to alter it in real time; hence the demand for hot items changes rapidly.
StockX Review: Features
Pricing
StockX is a free platform for buyers. However, they pay item purchase costs and normal shipping. In addition, StockX features a tiered pricing system for sellers, which makes it an accessible e-commerce platform for everyone.
So whether you want to sell a Louis Vuitton purse, have a side business buying and selling trading cards, or are a full-time collectibles reseller, this platform is for you.
There are five levels (plans) for sellers, depending on the number of sales you’re making and your sales income, which is generally calculated quarterly. All levels pay a 3% (processing) fee and a transaction fee for every item sold.
The transaction fee starts from 10% at Level 1 and 8% at Level 5. Sellers also pay for shipping costs; however, shipping is relatively free within the U.S.
On the other hand, those at Levels 4 and 5 are eligible to get additional benefits such as discounts on seller fees, early payouts, bulk shipping, and VIP account management.
Authentication
The most distinguishing feature of StockX from similar platforms is its proprietary authentication process. First, every item must go through the wringer — a multi-step verification process.
Next, the items go through Quality Assurance to ensure they’ve accounted for every detail. Finally, the team must claim a 99.95% accuracy rate.
Payment
Sellers will receive payment a day after passing the authentication inspection. The payment options on StockX are PayPal, Bank transfer, Venmo (United States only), and Debit card (United States only). However, you won’t get paid if your item fails the authentication process.
Who is StockX For?
StockX is for those who want to use a platform specializing in buying and selling sneakers and collectibles from various sports, pop culture, and fashion niches.
As a buyer, you may appreciate this platform because of the 100% authenticity guarantee that enables you to avoid counterfeit items and get rare sneakers. You can also include other high-value items in your collection.
On the other hand, as a seller, you can enjoy an easier time selling the items that the StockX platform focuses on. In addition, being able to start auction-style or fixed-price listings will help attract buyers and get a better selling price.
StockX can also assist you as an investor looking for alternative assets or if you want to flip items that may allocate a small portion of your portfolio to physical items.
Lastly, StockX can help you earn a profit, especially if you’re familiar with renowned brands and find it comfortable to ship collectible merchandise.
Frequently Asked Questions
What is Your Review of StockX?
StockX is one of the best online available for buyers to add to their verified items and collectibles collection. In addition, sellers now have an easier time selling their products with collectible value as buyers are aware that StockX authenticates the item.
It is relatively safer to buy or sell valuables on StockX compared to other platforms because they inspect and authenticate each item. Consequently, this process protects buyers from purchasing fake items.
However, not being able to make exchanges or returns is one of the notable downsides for buyers. Furthermore, sellers will not receive chargebacks after their item passes the StockX inspection.
Is StockX a Legit Website to Buy a PS5 Online?
Yes, StockX is a legitimate website to buy a PlayStation; this is because StockX verifies every item they sell, so you can only get the best. In addition, they have a team of expert authenticators ready to authenticate every console available on their platform.
Therefore, when you purchase a Playstation 5 on StockX, they will verify it to ensure you get a real console.
However, the biggest downside of purchasing a PS5 on StockX is the price you’ll have to pay. With a low supply of stock everywhere and StockX verifying the product, you’ll have to pay over the list price to get a Playstation 5.
Is StockX Legit for Xbox Series X?
Yes, Stockx is a safe place to buy an Xbox Series X. The platform has over 1000 employees with six authentication centers in over 200 countries. However, StockX has 3.4/5 stars on Trust Pilot and over 14,000 ratings and usually has poor customer service.
Nonetheless, they have a team of expert authenticators who always authenticate every console listed on their platform. So buying an Xbox Series X on StockX ensures that you’ll get a real console verified by their expert team.
Is StockX Legit?
Yes, StockX is still a legit platform for buyers and sellers to negotiate, exchange products and funds, and hold each other accountable. In addition, the company verifies every item before it is displayed on the market.
As a result, they’re recognized as the best marketplace to buy and/or sell deadstock luxury fashion, sneakers, and other collectibles.
Is Stockx Legit Lego?
Yes, StockX is a legitimate website to get your favorite legos. They have a massive selection of Lego sets available. However, the prices on Stockx can be higher than what you would get at a brick-and-mortar store, but they occasionally offer some good deals.
