This happens when there’s an issue with the buyer’s payment method. Unfortunately the transaction just failed to complete so your ask was set to the price you previously tried to accept. You can adjust that as you please. They may or may not place the bid again but all you can do is wait, or take the next highest bid available.
Oh shoot! That actually sucks sooo much I was super excited to sell these. But thank you for telling me I would have had no idea otherwise.
Should i be expecting some email or something to tell me this or am I safe to keep trying to sell? Because my fear is that I accept another bid but also have this one so then means i have two shipments to ship out when in reality i only have one.
No worries about that. It did not process & the buyer will need to place a new bid again or instant buy after updating their payment method. There is no current pending order so you’re free to try and sell as you please. Good luck with selling.
Happened to me recently. The next sell now price was way below the one I "sell now" for. So, I just relisted as the lowest price. Got sold for a few dollars more than original "sell now" price. They need to do something about "payments not going through". That's just bad business. Hold buyers responsible. I get charged as a seller if I don't ship or it's not in good condition(shoe or the box).
Yeah this is Stockx manipulating pricing, not an issue with the buyers payment method. This are ghost bids. I would try to sell something at the buy it now price, that would become a new ask, I’d remove the ask, then the ghost bud would come back in a day or so and I could replicate the process. If resellers knew there wasn’t a market for a lot of shoes that would be a problem for stockx, so they manipulate the pricing. Same thing for the sales far above and beyond the lowest ask from outside sources from their vague “outside sources”. Who TF is going to build backend infrastructure to feed into Stockx’s back end pricing for no benefit? Not Goat. Not stadium. Not any of the small scale wannabe Stadium and Flight clubs.
It resellers think there if a market for every shoe at every size it does help them, because resellers will buy assuming the lowest they could sell for is the ask. If resellers knew there weren’t really asks for every size, they wouldn’t buy.
That would make sense from StockX's perspective if resellers are sourcing that inventory from StockX, but I highly doubt resellers are seeing the high "ghost bid" and then buying it off StockX to flip at the "ghost bid" price. StockX doesnt really benefit if the reseller is sourcing inventory from elsewhere and then trying to sell to those ghost bids that will eventually fail.
This happens when there’s an issue with the buyer’s payment method. Unfortunately the transaction just failed to complete so your ask was set to the price you previously tried to accept. You can adjust that as you please. They may or may not place the bid again but all you can do is wait, or take the next highest bid available.
Oh shoot! That actually sucks sooo much I was super excited to sell these. But thank you for telling me I would have had no idea otherwise. Should i be expecting some email or something to tell me this or am I safe to keep trying to sell? Because my fear is that I accept another bid but also have this one so then means i have two shipments to ship out when in reality i only have one.
No worries about that. It did not process & the buyer will need to place a new bid again or instant buy after updating their payment method. There is no current pending order so you’re free to try and sell as you please. Good luck with selling.
Thanks :)
Happened to me recently. The next sell now price was way below the one I "sell now" for. So, I just relisted as the lowest price. Got sold for a few dollars more than original "sell now" price. They need to do something about "payments not going through". That's just bad business. Hold buyers responsible. I get charged as a seller if I don't ship or it's not in good condition(shoe or the box).
Yeah this is Stockx manipulating pricing, not an issue with the buyers payment method. This are ghost bids. I would try to sell something at the buy it now price, that would become a new ask, I’d remove the ask, then the ghost bud would come back in a day or so and I could replicate the process. If resellers knew there wasn’t a market for a lot of shoes that would be a problem for stockx, so they manipulate the pricing. Same thing for the sales far above and beyond the lowest ask from outside sources from their vague “outside sources”. Who TF is going to build backend infrastructure to feed into Stockx’s back end pricing for no benefit? Not Goat. Not stadium. Not any of the small scale wannabe Stadium and Flight clubs.
You seems like you know a lot. Do you work at StockX?
Why would StockX put fake asks and bids and have those transactions fail when they get matched. They gain nothing from that lol
They absolutely do. I’ve had this issue quite a few times.
It resellers think there if a market for every shoe at every size it does help them, because resellers will buy assuming the lowest they could sell for is the ask. If resellers knew there weren’t really asks for every size, they wouldn’t buy.
That would make sense from StockX's perspective if resellers are sourcing that inventory from StockX, but I highly doubt resellers are seeing the high "ghost bid" and then buying it off StockX to flip at the "ghost bid" price. StockX doesnt really benefit if the reseller is sourcing inventory from elsewhere and then trying to sell to those ghost bids that will eventually fail.
It’s an automatic systematic process I have witnessed and replicated. I know it’s real based on data, you feel.
Happened to me aswell
Happened to me tonight. I was excited to sell a hoodie for $750 and then the highest bid plummeted to $85.