StockX Opens First Authentication Center in Mexico
StockX launches its first authentication in Mexico, enabling Mexican buyers to access local supply with faster delivery. Local sellers will also benefit from quicker payouts, bulk shipping, and drop-off functionality.
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What you need to know: While customers in Mexico have long had access to the StockX catalog — which today features more than 200,000 items ranging from sneakers, collectibles, and electronics to apparel and accessories — the new brick-and-mortar location enables the platform to provide a range of customer experience enhancements.
One of StockX’s key differentiators is its comprehensive, industry-leading verification process has long been core to the customer experience.
The company’s authentication centers function as critical nodes within its global supply chain network.
Sellers ship their products to these locations, where they are first verified by StockX authenticators before being sent to a buyer. The Company’s authenticators inspect more than 1 million products monthly.
StockX has opened four new authentication centers since the start of 2021, and the company turned away nearly $100 million worth of products that didn’t meet its stringent verification standards in 2022 alone.
What they said: “The launch of this new authentication center in Mexico signifies our commitment to providing a safe and secure experience to our buyers and sellers around the world,” said Greg Schwartz, co-founder and COO at StockX.
“Not only does this localized service allow us to meet increasing demand across the region, but it also ensures we can deliver on our promise to be a trusted global marketplace for current culture.
“We’re always working to up our game, and investing in facilities, people, technology, and processes that serve our community will help us build a strong foundation for growth in Latin America.”
“Mexico City is home to a highly engaged community of sneaker and streetwear enthusiasts who already rely on our platform for access to coveted products and brands. That, coupled with the city’s rich history in art, music, and culture, made it the perfect place for us to plant roots,” said Rodrigo Mazal, Director, Mexico and Latin America.
“There is growing demand for the StockX platform across Latin America, and our first authentication center on the ground is an important step in serving our buyers and sellers in the region.”
StockX in Mexico
The authentication center opening is the latest in a series of customer enhancements StockX has introduced in the Mexican market.
Since 2022, consumers in the region have benefited from local language and currency, and innovations including All-In Pricing.
This proprietary, tech-forward feature expertly matches Mexican buyers with Mexican sellers in order to further improve shipping times and fees, and ensures the company continues to live up to its promise to deliver a best-in-class experience.
What else is important: In just over six years, StockX has become one of the leading online platforms in the world, processing sales in more than 200 countries and territories, and in 2022, surpassed more than 12 million lifetime buyers and over 40 million lifetime trades.
Since the start of the pandemic, hundreds of thousands of first-time sellers started using StockX, and it now has more than 1.5 million lifetime sellers.
With a growing international customer base and a diverse catalog of current culture products, StockX unlocks access and economic opportunity for millions of buyers and sellers around the world.
This new authentication center will be the 14th facility in StockX’s growing global network and will be located near Mexico City, Mexico.
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Editorial Note: This post is from a Company Press Release and may have been modified for clarity.