StockX tech stack
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Questions about StockX
No, StockX does not do returns.
According to their site's Help Center, they do not offer returns, exchanges, or swaps.
StockX functions as an online marketplace for sneakers, streetwear, jewelry, collectibles, and more.
If you are a buyer and desire to purchase an item on StockX, you would go to their site and look for your desired item. You can then choose to either make an offer to that seller, or buy it outright at the lowest asking price. Once your payment goes through, StockX will instruct that seller to ship their item to one of their six authentication centers. Once fully authenticated, StockX will safely package your item and then have it delivered to your address. If you are a seller on StockX, you must list the items for sale or sell at the highest bid. Mirroring the process for the buyer, you will be asked to ship your items to an authentication center for verification before it is finally shipped to the buyer. If for whatever reason your items failed in the authentication process, they will be sent back to you.
Yes, it is safe to buy from StockX.
Sellers must send all purchased items to StockX authentication centers where they are first inspected and verified by StockX before being shipped to the buyers.
With its extensive authentication process, and its role as a responsible middleman between sellers and buyers, StockX has garnered a general reputation for trustworthiness in the resale industry.
The Detroit-based company was founded by Dan Gilbert, Josh Luber, Greg Schwartz, and Chris Kaufman in 2015. StockX serves as an online marketplace, facilitating auctions between sellers and buyers, and collecting transaction and payment fees. Sellers send purchased items to StockX facilities for inspection and verification, then authenticated products are shipped to buyers. From its inception, StockX caused a lot of the buzz among various celebrities, investors, and fellow sneakerheads. This enthusiasm carried over into their funding.
- StockX raised $6 million in February 2017
- They received $44 million in a second venture round in September 2018
- And, In 2019 StockX raised $110 million and was valued at $1 billion
With over 1000 employees, six "authentication centers," and operating in almost 200 countries, StockX is most definitely a legitimate and major player in the e-commerce and clothing reseller industry. StockX was the #5 Product of the Day on Product Hunt on February 8, 2016.