Grailed is an online marketplace founded in 2013, based out of New York City. It is stated that the vision of Grailed Founders is to make great clothing available to everyone. And they are getting the job done. With over 10 million users & 10,000 high-end fashion brands. In this article, you’ll learn all about Grailed, The Grailed fee structure, and how to calculate Grailed fees to prevent unwelcome surprises. I will also incorporate a few tips for maximizing your profits on Grailed.
What can I sell on Grailed?
Grailed’s focus is on designer, vintage & exclusive high-end fashion, as well as streetwear items from brands like Supreme, Yeezy, Bape, and Travis Scott. They were previously focused solely on menswear, but they have recently branched out into women’s fashion and accessories.
Importance of Understanding Grailed Fees
As a seller, understanding where your money comes from and where your money goes is crucial when selling across multiple platforms. After all, every platform has a different set of guidelines & payment out methods. Following the money could be the most effective way to maneuver through the reselling world.
How much does Grailed take in selling fees?
There is no fee to list an item on Grailed; however, once an item sells, Grailed charges a 9% commission fee to the seller for each transaction. In addition, there is a payment processing fee for transactions made through Grailed Payments and PayPal. The seller is also responsible for fees of 3.49% + .49 cents for domestic sales and 4.99% + .49 cents for international sales per transaction.
I recently sold a Travis Scott Shirt on Grailed for $75. Grailed fees determined that Grailed’s commission was $6.75, and the payment processing fee was $3.62. My total payout was $64.63 after fees under the following parameters:
- The buyer paid with Grailed Payments
- The transaction was within the United States
- The buyer paid for shipping.
How do you get paid on Grailed?
Generally, Grailed releases funds within 3 days of item delivery as long as the buyer does not report any issues. Once the 3 days have passed, it can take an additional 2-3 days depending on your bank.
Tips for Increasing Sales on Grailed
- After 7 days, sellers can “bump” their listing to the top of Grailed’s feed. However, after a month’s time, sellers will also have to reduce the price of their item by a minimum of 10% to “bump” to the top of the feed again.
- Send offers! Grailed allows sellers to send offers to users who have “liked” an item. The buyer will receive an email and push notification once an offer is sent. Offers will exclude shipping and must be at least 10% below the current price; if a previous offer was made, then the offer should be 10% less than that amount. More specifically, sellers can only send 2 offers per listing and only 1 per 24-hour period. Grailed even restricts the number of offers sent per day to 10 so potential buyers aren’t bombarded with unsolicited offers. I love to send offers. It is a great way to start the negotiation process and make that sale!
Tips for Maximizing Profits With Grailed Fees
Since Grailed does not offer a way to promote listings, reducing costs can be challenging; however, other measures can be taken to save in other areas.
- Create a Grailed-specific pricing strategy to account for Grailed and PayPal fees, always pricing for profit.
- Always consider fees when sourcing. I like to calculate the cost of the item, plus fees, minus my selling price to see if an item is profitable when I’m thrifting.
- Always present clear and accurate pictures, as building buyer confidence is key to making sales! Vendoo offers PhotoRoom with its subscriptions, and you can even edit on its app!
- Shipping. Do you pay for boxes? If so, can you access free boxes? I tend to find boxes at my local grocery store; you can also check local Facebook groups or ask friends/family to save their boxes instead of tossing them. Recycling boxes helps the environment and your wallet!
Is selling on Grailed worth it?
Yes! I think so. Since Grailed is a uniquely specific tailored market, curating the right inventory could yield a quick sale for a higher price than other general platforms may produce.
For example, the previously mentioned Travis Scott shirt was listed on eBay for a month before I cross-listed it to Grailed with Vendoo; it sold within a week.
Since Grailed is such a unique and one-of-a-kind platform, I recommend going through your closet to see if you have any items that fit the Grailed platform; you may be able to find a quick flip just sitting, waiting for its new forever home. With relatively low selling fees and no initial listing fee, there is little to lose, so why not join Vendoo today and get your listing on Grailed quickly and seamlessly?
FAQ: Your Grailed Fee Questions Answered
1. What happens if a buyer files a chargeback on Grailed?
If a buyer files a chargeback, Grailed will investigate the claim and may ask you to provide evidence supporting your case, such as tracking information and communication records. It’s essential to document all aspects of the transaction to protect yourself in such situations.
2. How do I contact Grailed customer service?
You can contact Grailed customer support through their Help Center on their website.
3. Can I use PayPal on Grailed?
Yes, PayPal is an accepted payment method on Grailed. Keep in mind that PayPal charges its own transaction fees in addition to Grailed’s commission.
4. Are there any other hidden fees on Grailed?
The fees outlined in this post are the primary fees you should be aware of. There are no hidden fees or additional charges beyond those mentioned.
5. What are the benefits of “bumping” my listings on Grailed?
“Bumping” your listings can increase their visibility by moving them to the top of the feed. You can bump listings for free after 7 days, but after a month, bumping requires a minimum 10% price reduction.
Conclusion: Selling Smart on Grailed
Understanding Grailed’s fee structure and employing strategies to maximize your profits is crucial for success on this popular resale platform. Remember to factor in all fees when setting prices, source items wisely, and present your listings professionally. Don’t be afraid to experiment with different approaches to see what works best for your inventory and target audience. With careful planning and a strategic mindset, you can turn your unwanted designer clothes and streetwear into a profitable side hustle or even a full-time business.