StockX Opens First Authentication Centre in Mexico

In recognition of the fact that while transactions may be conducted digitally most products are still physical, online resale platform StockX has opened a new authentication centre in Mexico City.

The new brick-and-mortar location is expected to allow the platform to provide a range of customer experience enhancements. These include increased access to local supply and faster shipping for buyers, along with quicker payouts, bulk shipping, and drop-off functionality for local sellers.

The company’s authentication centres function as critical nodes within the platform’s 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. Globally, on average, more than 1 million products are inspected by StockX authenticators monthly.

StockX has a clearly defined policy of verifying every item it receives for resale, whether it be sneakers, clothing, luxury bags or watches. Once verified, the item is affixed with one of StockX’s tags which serves as a guarantee seal.

The opening marks the 14th authentication centre in StockX’s growing global network. Since 2021, StockX has opened four new authentication centres and the company turned away nearly $100 million worth of products that didn’t meet its stringent verification standards in 2022 alone.

‘The launch of this new authentication centre 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 localised 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.’ 

Customers in Mexico currently have access to the online StockX catalogue, which today features more than 200,000 items ranging from sneakers, collectibles, and electronics to apparel and accessories. Since 2022, consumers in the region have also benefited from local language and currency, and innovations including all-in pricing.

‘There is growing demand for the StockX platform across Latin America, and our first authentication centre on the ground is an important step in serving our buyers and sellers in the region,’ said Rodrigo Mazal, StockX director, Mexico and Latin America.