how do bids and asks work stockx

The first step you should take to sell on StockX is to place and ask. Your listing can remain active for up to 60 days at your designation asking price.

How To Sell On Stockx What Is Stockx Selling On Stockx

So I decided to make a detailed video.

. It isnt an auction its more like a stock market. For example if the current stock quotation includes a bid of 13 and an ask of 1320 an investor looking to purchase the stock would pay 1320. As a seller you will first need to set up an account and post your listings.

Whats for sale quality guidelines and shipping specifics. Check it out as I place a bid on a shoe an. In essence bid represents the demand while ask represents the supply of the security.

In the VRTX stock example above the market maker quotes a price of 23795 Bid price 24004 Ask price. You can look at the current asking prices and hit the lowest one. Products are listed on the website with an Ask price that must be met by a buyers Bid to process the sale automatically.

Its possible to sell multiple quantities of the same item. These large firms quote the bid and ask prices and then keep the spread as a profit. All listings for a given product Adidas Yeezy 700 V3 Azael shoes are compiled on a single page where sellers can view outstanding bidsasks and past sale data to inform their submission.

Bid and ask prices are market terms representing supply and demand for a stock. Lets make it straightforward. The active bid will have a Current status when no one has met it.

Asks Sell Now shipping verification and payment info. When you bid youre essentially asking a seller to accept your price. Its the money they receive for efficiently and quickly matching up buyers with sellers.

This tactic is fine if you have money to spare and youve got to have the sneakers. Otherwise they will list it at a price they want to sell it for and you can either match it and purchase the shoe or you can wait to see if someone else has the same shoe is. You will also see your selling fees at the selling price you choose.

If someone does list the shoe and thinks your bid is high enough they will accept it. Learn how StockX ensures our products are legit. Whether youre looking to make quick cash or start a reselling business we have the tools to help you succeed.

It has not been accepted you can simply click on the little trash can icon next to it. A reseller can either post goods with a fixed price or set it up for bidding. If your bid is still pending ie.

The fastest way to win a bid on StockX is to meet the ask price. Notifications and settings Ask and Bid management. Learn More About Buying Selling on StockX.

As a live marketplace StockX empowers you to Bid and Buy at real-time prices that reflect the current demand. If you have the lowest Ask buyers who place a matching bid will automatically buy from you. You may be the highest bidder but no one is under any obligation to accept your offered price.

The fees include a transaction fee and payment processing charge. The minimum selling price is 25. Bids Buy Now how to pay and deliveries.

Op 2 yr. The bid represents the highest price someone is willing. Selling collectibles such as sneakers handbags and watches on StockX is easy.

To my surprise many people are confused about how to place a bid on StockX. Once a sale has occurred your Ask or Bid cannot be cancelled. A user can either click buy now and submit a bid.

The bid-ask spread generally benefits the market makers. Or they can place an Ask. On the other hand the bid and ask are the prices that buyers and sellers are willing to trade at.

If someone lists a lower Ask than you they will get the sale however your Ask is still active and could be accepted if it becomes the lowest ask again.

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