StockX has launched additional tools to give Sellers more control and insight into pricing their items. In order to simplify Buyer checkout, StockX adds duties, taxes and other import costs into the Seller’s Ask price based on where the Buyer is located.
Alongside the “Sell Now” pricing guidance, which is the price that meets the current highest Bid, two new options are available: Earn More and Sell Faster.
How does it work?
- The Earn More value is no longer based on only your local market. It will ensure a competitive price compared to recent global sales and help you make more money, but may take longer to sell.
- Above the Earn More price, few sales have taken place.
- The Sell Faster value still ensures you are the Lowest Ask in the United States, but now also includes checks to recommend a competitive price compared to recent global sales.
When pricing a Flex Ask, the Sell Faster and Earn More values are based on the Flex market. If there is a lack of Flex market data, a recommended premium over the standard market will be provided.
How do I use these pricing tools?
As of October 2024, the updated Sell Faster and Earn More values can be found in StockX Pro and the StockX iOS and Android apps. For best results, use the recommendations there.
For Sellers in select markets, the Sell Faster option will ensure you are the lowest Ask to a global pool of Buyers outside of the US. You can still become the lowest Ask to US Buyers by using the Beat US Lowest action.
Included markets:
- Hong Kong
- Japan
- South Korea
- Non-VAT-registered EU Sellers
- Non-VAT-registered GB Sellers