On July 1, StockX will roll out lower fees for all sellers globally. The revamped seller program includes new perks and benefits, as well as adjusted seller level qualification thresholds. When the new program goes into effect, existing sellers may see their level change due to the threshold adjustments, but they can still access the same benefits they currently enjoy while also taking advantage of lower base fees. As a part of the new qualification process, top sellers will be delineated into a more concise and manageable group, allowing StockX to provide an even more personalized service to its most committed sellers.
“This new fee structure is attractive to sellers and it demonstrates our commitment to empowering entrepreneurship in our community,” said StockX co-founder and COO, Greg Schwartz.
The new fee for first-time sellers is 9%, while StockX’s most active sellers can earn as low as 5%. The company is keeping policies in place that induce positive behavior from sellers, such as minimum ship times. These practices are vital to StockX providing a smooth buying experience from start to finish.
“This new program is a result of our team listening to sellers at every level,” said Russ Amidon, senior director of account management at StockX. “Whether you’re a casual seller or a level 5 who’s been with us for years, we’re making it better for you — improving the experience across the board was really important to us.”
This is the latest in a series of seller-focused enhancements StockX has introduced in the last several months. In February the company announced expanded access to its suite of seller tools, including StockX Pro, StockX Scout App, and StockX Developers. These tools provide a range of solutions to help sellers grow their businesses, including cross-platform selling, inventory management, and bulk selling. While some features were available to select sellers as early as 2021, StockX is now providing broader access to the full suite of tools. StockX is already extremely simple to use – sellers just have to search for a product and set their price. There’s no need to take product pictures, share personal information, or negotiate with potential buyers.
For information about the new StockX seller program, please visit https://stockx.com/news/stockx-seller-program/.
