StockX Removes Payment Processing Fee For Sellers, Launches Apple Vision Pro App
StockX is launching an in-house built app providing an immersive shopping experience for Apple Vision Pro users with 3D models of popular shoes, live and actionable market data, rich product discovery and more!
Online marketplace StockX announced today that it has launched an immersive shopping app for Apple Vision Pro, Apple’s newly launched spatial computer.
The experience features an immersive sneaker showcase with 3D models of top releases, a rich product browse and discovery experience, live and actionable market data, and a ‘Shop the look’ feature that allows users to browse user-generated content from customers around the world in a stunning 4K display. StockX makes buying, selling, and discovering the world’s most sought-after sneakers, apparel, accessories, collectibles, and electronics easier than ever before...
...The app was designed entirely in-house by a small group of StockX’s talented product designers and engineers. The team – assembled in December 2023 – jumped in head-first to create a first-of-its-kind spatial app for StockX’s user base, which is comprised mostly of millennial and Gen Z customers.
StockX is leveraging Apple Vision Pro’s spatial computing capabilities to offer features like:
- Immersive sneaker showcase: Bring your shopping to life with 3D models of top sneaker releases that appear on shelves in your home environment. Interact with products in a hyper-realistic manner, examining the craftsmanship and detail of each item as if it were right in front of you.
- Rich product discovery: Browse StockX’s full product catalog with eye tracking and hand gestures, and view your favorite products in stunning detail. Finding your favorite brands in one virtual space has never been easier or more exciting.
- Interactive market data: Engage with live, rich market data like never before. Interact with visual graphs and detailed sales information for real-time insights, allowing you to make informed buying decisions.
- Shoppable outfits in 4K: Get inspired and shop incredible, high-resolution user-uploaded outfits.
- Seamless buying: Navigate the resale market with ease, making transactions in just a few intuitive gestures.
And StockX plans to add selling capabilities and more personalization too, including a feature that allows customers to shop and browse the same products as their friends using SharePlay.
StockX is also offering sellers 0% payment processing fees "for a limited time."
We’re excited to announce great news for Sellers on StockX. For a limited time, StockX is removing the 3% Payment Processing Fee for Sellers.
This new 0% rate is in effect now and will be automatically applied to any Asks you place in the future, as well as any existing Asks you currently have listed.
Be sure to update your Asks to stay competitive on the marketplace.
ARCH-USA analyst Chris Burns says the 0% payment processing fee is a better play for StockX than eBay's previous "no selling fees" that only benefited those selling sneakers above $100.
Chris Burns
The 0% processing fee is a smarter play than eBay’s strategy of No Fees. The No Fees from eBay should have been considered a red herring. In eBay’s zero fees program only items sold above 100 qualified. The majority of sneakers sold on eBay are typically arbitrage and under 100. The zero fees strategy was an attempt to bring back mid to premium sneaker sellers, the sneakerhead community.
StockX’s growth placed considerable distance between eBay and itself in this area. eBay eventually ended their program. StockX does not have a timeline for the end of their 0% Payment Processing Fees and when asked about the timeline, the answer was, “For the no transaction fee, it might be around a while, it might not be :). We want to have it long term and are testing how it goes.”
What do you think of StockX dropping payment processing fees for sellers and immersive shopping for Apple Vision Pro? Let us know in the comments below!
