Welcome to the LACED Flip Feature!
Winning on LACED gets you more than just sneakers. You’re among the first LACED users to unlock the flip feature. This new feature allows you to create auctions and sell your sneaker wins for the highest payout than anywhere else.
Let’s explain how the LACED Flip Feature works.
Wining your third auction will unlock the option to either claim a sneaker or flip it.
By selecting flip, you will be offered the current market price for the sneaker you won minus the winning price. For example, the Nike Dunk Low market price is $200. You won for $2, this means the initial payout will be $198)
Once you accept the offer, you will be able to select a time and date to auction off the sneaker you just won. Confirm the time and date, and your auction will go live on LACED!
But wait there’s more! Share and promote your auction because the more your sneaker sells for on LACED, the more you earn! If your Nike Dunk Low sells for $25, you will receive $25 extra on top of the $200 that the sneaker sold for!
Once your auction closes, the money will be transferred to your LACED Wallet in the app. Link your PayPal account to your wallet to transfer the funds. There is a 25¢ fee per transaction.
Please reach out to support with any questions at [email protected], and welcome again to the LACED Flip Feature!