Stock FAQs

how does bidding work on stock x

by Matilde Murazik Published 3 years ago Updated 2 years ago
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Bidding and buying Auction 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. Auctions can have a set reserve price and/or a buy now price.

A Bid signals your intent to buy – it is your financial offer for an item on StockX. … If you have the highest bid, a seller who places an Ask that matches yours will automatically sell to you. If someone places a higher bid than you, no worries. If an ask matches their (now highest) bid, they'll get the item.

Full Answer

Is stock x a legit site?

Our real-time marketplace works just like the stock market – allowing you to buy and sell the most coveted items at their true market price. Global Access Whether it’s pre-release, regionally limited, or “sold out” – our millions of customers from over 200+ countries allow you to easily secure those hard-to-find, coveted items.

Does seller pay for shipping on StockX?

Selling on StockX. Asks, Sell Now, shipping, verification and payment info

How to sell on StockX?

May 18, 2021 · How does StockX bidding work? List your product, and set it to bidding or buying. You can set listings up to expire after 7, 10, 14, 30, or 60 days and renew as needed. If bidding, buyers have the option of submitting a bid for a certain period of time (7, 10, 14, 30 or 60 days).

How does StockX work for buyers?

When you bid, you're essentially asking a seller to accept your price. It isn't an auction, it's more like a stock market. You may be the highest bidder, but no one is under any obligation to accept your offered price.

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How long does Bidding take on StockX?

Auctions can be live from 3-5 days depending on what the seller chooses. Once the reserve price is met buy now is no longer available.

Does someone have to accept your bid on StockX?

StockX on Twitter: "@kanoj_vora The seller has to accept your Bid or use the Buy Now option to accept the lowest Ask." / Twitter.Nov 17, 2017

Do you get your money back if you lose a bid on StockX?

StockX on Twitter: "@RayDirtyH @Tyler_Barsaloux @ComplexSneakers @Complex if you Bid and are not selected as the winner, you will not lose any money." / Twitter.Mar 21, 2017

Do you get charged for bidding on StockX?

Bidding is free. You only get charged if you win. You can only win one pair.Apr 3, 2017

How do I know when my StockX bid ends?

Editing Your Bid

Go to “My Account” on StockX and select “Buying”. You will see your Purchase History as well as all the live bids you have at the moment.
May 15, 2020

Why are bids higher than asks StockX?

To support our customers, StockX created an experience we call “All-in pricing” that allows us to better match Buyers and Sellers within the same regions significantly reducing import duties and taxes.Mar 16, 2022

Can you get scammed on StockX?

Now with StockX, you're guaranteed that the goods you purchase are 100% verified authentic, never fake. Every item bought and sold on StockX goes through a rigorous authentication process, putting the hammer down on scammers and bootleggers.

Transparent Pricing

Our real-time marketplace works just like the stock market – allowing you to buy and sell the most coveted items at their true market price.

Global Access

Whether it’s pre-release, regionally limited, or “sold out” – our millions of customers from over 200+ countries allow you to easily secure those hard-to-find, coveted items.

No BS

No chargebacks, no taking photos, no writing catchy descriptions, and no dealing with rogue buyers or sellers. We handle everything to make sure you can buy and sell with complete confidence.

Secure

Preserving the integrity of our marketplace means staying a step ahead. Our security and fraud systems, powered by our world class partners, have your personal information covered 24/7.

Here For You

Thanks to our Help Center, Chatbot, and dedicated global-support staff, you can be sure that we are always available to answer any and every question regarding our marketplace.

Can you cancel a bid on eBay?

Once the seller has accepted your bid, you can’t cancel it . This is the reason why you have to enter your billing info before you place a bid. You have to supply a credit card or PayPal to be able to place a bid. Of course, if the bid isn’t accepted, you won’t be charged.

Is StockX addictive?

StockX is kind of addictive, and it can be tempting to place new bids every day. However, you may not win any bid for a while. Don’t let it discourage you as the market changes every day. The best thing that you can do is to be patient and wait for your opportunity.

What is bidding process?

The Bidding Process. The bidding process is like making an offer on what you intend to buy. Buyers can submit a bid on an item. You can manually accept bids, or if the buyer has the highest bid and it matches up with a seller’s ask price, it’s an automatic transaction.

What is automatic bidding?

Buyers can submit a bid on an item. You can manually accept bids, or if the buyer has the highest bid and it matches up with a seller’s ask price, it’s an automatic transaction. So if you list a certain sneaker at $140, and someone has placed a $140 bid on it, you have an automatic sale.

What is stock x?

At its core, StockX is a resale market used for authentic sneakers (i.e., collectible sneakers). Buyers can find sneakers at less than the retail price, making it an attractive purchase for them, especially for a serious sneakerhead! For a small business venture, StockX is an easy platform to enter the market. ...

Who is the founder of StockX?

StockX was founded in 2015 and launched in February 2016. The original founders include Josh Luber, Greg Schwartz, and Chris Kaufman. Its early iteration was a rare sneaker website Campless, founded by Luber.

Can you sell watches on StockX?

Selling collectibles such as sneakers, handbags, and watches on StockX is easy. As a seller, you will first need to set up an account and post your listings. A reseller can either post goods with a fixed price or set it up for bidding.

Is it easy to sell on bid and ask?

Selling can be pretty easy once you get a hang of the bid and ask system and there is a reason why it’s been so popular with buyers and sellers.

Does StockX charge a seller fee?

High Seller Fees: Compared to other platforms, StockX does charge a high seller fee. This can be costly for small businesses, especially when you’re just starting out as a reseller. While the fees do lower as you sell more, it is something to consider.

Pass or fail?

Will these pass stock X authentication? That’s the only bad thing on the box.

StockX's bad reputation is becoming true?

I have been using StockX for over 3 years, there were a few hiccups but overall the transactions were ok. I was sold a floor sample pair 1 time, didn't mind because the shoes went straight to my feet.

The absolute worst

I’ve been trying to unsubscribe from StockX emails for over a year now and I still receive at least 3 a day. Every time I hit unsubscribe from the bottom of the email it just brings me to the app and it has an error, this wouldn’t be that much of a problem if they didn’t send out emails so much.

StockX verification team blows keep it going

Just like the title says if you agree keep it going, let’s see a more solid team on their part. I sent out a ds shirt still in the og packaging and they sent it back cause of a “blue stain”, got it back. Fuzz. I know I’m not the only one

Just wondering, am I ok to sell sneakers that have been tried on before but in perfect condition

They have also been laced and the lace bag has been cut off. Is that ok to sell or not? Thanks.

How Does Bidding Work on StockX?

To put it in simple terms, placing a bid on StockX means that you’re committed to buying an item if your bid is accepted. A seller can see your bid price and can choose to sell his or her item at the bid, though most of the time they’d go for higher bids first.

Canceling Your StockX Bid

We all get carried away with online shopping from time to time. But with StockX, it’s even trickier because a bid is a commitment to buy, though you can still change your mind.

Is There Anything You Can Do About It?

Some people may see the oversight of not canceling their bid on time as a lesson for the future and brush it off. Others might panic and start wondering what to do.

Be Careful What You Bid on StockX

The prudent thing to do is to bid only when you really do have all the intentions to buy something. When your bid goes through at that point, it’s nothing but good news. However, sometimes you make a mistake when placing a bid and end up unable to cancel it.

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