StockX Balance Turns Sneaker Sales Into Shopping Credits With 5% Back Reward Incentive
StockX is introducing a new Balance feature, hoping to entice sneaker sellers to keep funds on account for future purchases with 5% reward incentive.
This new tool, currently only available in the US, allows sellers to keep earnings in their StockX Wallet and earn a 5% StockX rewards credit on purchases made with their balance.
Here's how it works:
After completing a sale, payouts for the sold item or items are available in the seller's StockX Wallet the same day. From there, the funds can be used to shop on StockX and earn 5% back in rewards credit, or withdrawn at any time.
Aaron Brandt
Once you've set up your StockX Wallet for Balance and enabled two-step verification, you'll be able to check your Balance including pending transactions and track your rewards earned.
Check Your Balance:
Click “View” on your StockX Balance (either from the Total Buying Power section or your Payout Method section) to see your Total Balance (including pending transactions) and Available Balance (amount ready to withdraw or use for purchases).Shop and Earn:
When making a purchase, you can apply your StockX Balance at checkout. It will be used after any gift cards or credits and before your credit card. Once your order is completed and the item ships, you’ll receive 5% StockX rewards credit on the item price and processing fee (shipping and taxes excluded).
That rewards credit incentive is a smart move - and one aspect that rival eBay is still missing 3 years after launching similar Spendable Funds/Balance offerings for sellers in the US and UK.
The new Balance feature comes as StockX has also launched an official integration with Shopify, streamlining product listing and order management for multi-channel sellers with no extra fees attached.
StockX
Is a 5% reward on purchases enough to convince you to keep your funds in StockX Balance? Let us know in the comments below!
