StockX Buyers to Be Stung With New Fees

buyers are going to need to loosen their purse strings, as the popular marketplace introduces new fees next week. Coming into effect on April 22, a three per cent ‘Processing Fee’ will be incurred on an item's purchase price, excluding shipping.

In a bid to make the most of their sales, a minimum of $4.95 will be charged towards this fee, which caps at $29.95. This figure will fluctuate for international buyers depending on current currency conversion rates.

This new fee will not affect any bids and purchases placed by buyers before April 22, even if the seller accepts it after this date.

StockX announced this change overnight. Full terms here.