How to Delete a Bid on StockX

If you love getting a good deal on a pair of premium sneakers, then you probably love browsing StockX. As a stock market for sneakers, streetwear, and accessories, StockX gives you the option to buy an item immediately or to bid on it and then see how things go.

Bidding seems like a harmless move, but what if you change your mind? Perhaps it’s out of your budget or you’d rather not participate in the bidding anymore. Not to worry as you can delete your bid, but you need to act fast.

How Does Bidding Work on StockX?

To put it in simple terms, placing a bid on StockX means that you’re committed to buying an item if your bid is accepted. A seller can see your bid price and can choose to sell his or her item at the bid, though most of the time they’d go for higher bids first.

Now, your intent to buy can be very deliberate in the sense that you’re looking to buy what you want as soon as possible.

Or, your bid could be somewhat exploratory and a low-ball offer. You’re not that interested in buying but you’re hoping that you might get lucky, which can happen sometimes.

Furthermore, your bid has an expiration date. You can choose to keep it up for a day, or three, or even a month or two. When it’s about to expire, StockX will notify you by email and ask you if you want to renew the bid.

If you don’t, the bid is cleared automatically. However, if you’re in a hurry you can skip the bidding process and click on the “Buy Now” button to purchase right away.

Canceling Your StockX Bid

We all get carried away with online shopping from time to time. But with StockX, it’s even trickier because a bid is a commitment to buy, though you can still change your mind.

If your bid is still pending, i.e. it has not been accepted, you can simply click on the little trash can icon next to it. The active bid will have a “Current” status when no one has met it yet.

However, your option to cancel the bid goes away once your bid’s status turns into “Pending.” That means that your bid has been accepted and that the seller is about to send the item to StockX for verification.

At this point, you will have been charged for the purchase (Remember: A bid is a commitment to buy). If you’re a seller, failure to send the item in time comes with a 15% penalty fee and a potential ban on StockX.

Is There Anything You Can Do About It?

Some people may see the oversight of not canceling their bid on time as a lesson for the future and brush it off. Others might panic and start wondering what to do.

Your best course of action is probably to contact StockX directly. You can explain your situation in an email and send it to support@stockx.com. Be aware that this will likely not work. This is a serious marketplace, not for playing around.

However, you have more options if you’d paid with a credit card. Credit card companies require merchants to accept returns and that’s what you can explore after receiving the item.

What If Your Payment Fails?

What happens if the payment doesn’t go through due to insufficient funds?

When this happens, there’s a chance that StockX will automatically cancel the purchase. You’re likely to get a notification from StockX via email. The bid will then become inactive until you review your payment info.

Be Careful What You Bid on StockX

The prudent thing to do is to bid only when you really do have all the intentions to buy something. When your bid goes through at that point, it’s nothing but good news. However, sometimes you make a mistake when placing a bid and end up unable to cancel it.

This is why it might be best to use your credit cards for payment. You can almost always return an item that’s purchased with a credit card. Call your credit card company and the rep will confirm it.

Have you ever had to cancel a StockX bid? Let us know in the comments section below.