BUYING FROM STOCKX AS A CANADIAN

Following up on a previous article in which I broke down what it’s like buying from GOAT as a Canadian (read HERE), I’m back with a similar piece, but this time discussing my experience with StockX. StockX is the self-proclaimed “stock market of things”, selling not only sneakers, but streetwear, handbags, watches, and pretty much anything related to the fashion industry. I made the decision to purchase from these guys instead of using GOAT again just because I wanted to see if there was any real difference between the two. This time around, I purchased the Quai54 Air Jordan 3 which was a Europe exclusive.

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First and foremost, I’m a huge fan of the entire StockX interface. The BUY/SELL and OFFER/BID functions are extremely user friendly, and the fact that there is live updates for each size makes it extremely easy to see exactly what the market prices are for the shoes you want.

I purchased my shoes on the same day that they released on the SNRKS app in the EU, and was actually one of the very first to purchase the shoes on the app period. You can either select to purchase for the lowest offer available, or make a bid (an offer). If your bid is accepted, you are automatically inclined to complete the purchase; everything is automatic, and your card is immediately charged. The seller then has two business days to ship your item or they face a penalty. The annoying part about my transaction was that because I bought the shoes on the same day they dropped on SNKRS (which was three days prior to the official in-store releases), no one had the pairs in hand yet. So I had to wait for my seller to physically receive the shoes, and then ship them to StockX for verification. My purchase was made on a Wednesday morning, and I was not notified that the seller had shipped the shoes until Friday evening. This was double annoying because I knew the package was shipping from Europe, which meant it was going to be a long process already.

Once the seller ships, the shoe is sent to the StockX offices, which are in Detroit, and they are authenticated by the StockX team. The team also checks for imperfections, ensures the shoes come with all the extras (laces, hang tag, etc), and make sure the box is in good condition. This process usually takes about one business day, and your shoes are then sent on their way to you. Unlike GOAT, there is no progress map that shows you where your package is, and where it still has to go. StockX notifies you every time a step in the process has been completed, but I liked that GOAT showed you not only where your package is, but also where it still needs to go.

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This time around, I chose to have my package shipped directly to my house. I have heard very terrifying stories about duty fees and crazy high import taxes; but once again, for the sake of this article, I wanted to investigate for myself. I received a notification from UPS that my package had incurred import fees (duh), but surprisingly, even on my $300.00 USD + purchase, the charges were only $42.00 CAD. Once again, for the sake of an article, I chose to self-clear my package and save some money, and you can find that article HERE. Self-clearing is an amazing tool that either not many know about, or are not willing to try. StockX actually significantly undervalued my package (they were marked at $200.00 USD), so my import fees were very light. I’m not sure if this is the norm, but $42.00 on top of a purchase is not that unreasonable. In the US, Jordans retail at $200.00, so my thought is that StockX values the shoes at retail price when declaring them to customs, which helps a Canadian buyer out like crazy. GOAT did not do this, they valued my package at the actual purchase price.

My shoes wound up arriving 13 days (9 business days) after the day I purchased them. This is about the amount of time I assumed it would take, and all things considered, and with the amount of miles they travelled, that is not unreasonable. StockX also sends a “VERIFIED AUTHENTIC” hangtag attached to all of the shoes that pass through their office, which is a very nice touch. The tag can only be removed by actually cutting the string that attaches it to the sneaker, so if a StockX tag is on your shoe, it was almost certainly put there by the StockX team themselves.

All in all, if I were to do it again, I think I would choose StockX as my buying platform. The interface is easy to use, and it is vey professionally run. I would also absolutely use self-clearing as a tool to save money on my import fees once again. If you have any questions or comments please do not hesitate to contact me and I will do my best to help out.

2 comments

  • GOAT doesn’t value a package with it’s purchase price. They always declare it 199.00 USD when the purchase price is over 200 USD, which helps to lower the duties unlike StockX. I should know as I’ve used their platform more than a couple of times, never paid more than 40.00 CAD.

    And may I also point out that logistics companies often makes a difference in duties because of “brokerage fees”. GOAT uses DHL and/or USPS when shipping overseas which has way more cheaper brokerage fees than the notorious UPS.

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