Are you looking for the best platform that you can use to sell your brand new or slightly used sneakers? You can consider the GOAT or StockX platform, which have different preferences. In this article, we will cover their pros and cons, cost, platform compatibility, sales of goods, buyer protection, purchase process, and payment method.
GOAT and StockX are some of the best platforms that you can use to either sell or buy sneakers and other items. The two reputable platforms have been in the market for a while and this has led to growth in popularity. They have different features that have made certain sellers and buyers prefer one platform over the other.
About Goat
GOAT is an ideal global platform that features both used and new sneakers, apparel, and accessories. It is a resale platform where sellers can list the items of the highest value. Most of the items are normally limited editions. Therefore, sellers take advantage to sell limited-edition sneakers or items on the platform at a good price to reach the target customers.
About StockX
StockX is an ideal resale platform in which sellers can sell their authentic items to target customers. You can get designer handbags and limited-edition sneakers from the platform. It has a stock-like interface that will keep you craving more purchases.
Additionally, you can either decide to purchase using the listed price or just bid for a good price. You won't regret selling or buying from StockX.
Platform Compatibility
Both GOAT and StockX support web, ios, and android. Thereby, sellers and buyers can access the platforms from any device. Additionally, GOAT’s authentication takes longer than with StockX. However, once the verification is done, you are allowed to sell on the GOAT website.
The GOAT app is mainly for buyers, and you will have to wait a bit longer to be paid on GOAT. Luckily, it is much faster to be paid on StockX.
Cost Comparison
Well, StockX has a fixed transaction fee of 9.5% which reduces at a rate of 0.5% based on the number of sales. Fortunately, the least transaction fee is 8.0% which seems reasonable.
On the other hand, the GOAT platform fees differ based on location. In the US it stands at $5 but increases to up to $30 in other regions. Moreover, there is also the commission fee charged on all the sold items, which starts at 9.5% to 25%. It just depends on the number of sales that you have already made.
In case you get many canceled orders or incur any verification problems, the service fee can increase. Also, when getting the payment you can be charged 2.9% of the amount which should be above $25.
Sale Of Goods
GOAT allows the sale of used shoes, while StockX only allows the sale of deadstock. Of course, that means StockX's merchandise is updated, and GOAT is friendlier to those on a budget.
On StockX there are also B-grade sneakers that StockX had previously acquired from outlets. The sneaker's price tends to be a bit cheaper than if you got it from the retail store.
Buyer Protection
Different sneakers come with unique prices. When shopping physically, you can easily get into a fight with another buyer due to scarcity. However, shopping online is more convenient. Online shopping makes it easier for you to see a certain product and purchase it if available.
In GOAT and StockX, there is a verification process that allows the team to check the sneakers or items sent by the seller, before shipping them to the owner of the sneakers. Verification is important to ensure the customer gets legit items.
The only disadvantage of the verification is that the customer will get the items late, however, they will get legit items.
Simple And Practical
Both StockX and GOAT are easy to navigate through. However, GOAT offers a better UI than what you would get on StockX. GOAT is more straightforward. On GOAT, you can access the website and buy or sell products in an instant. It is as easy as making purchases on any other online platform.
On the other hand, the StockX website is busier and can make you afraid when you start using it. STOCKX brings the stock market kind of feel. However, when you get used to it, it becomes easier to navigate through.
Purchase Process
StockX allows you to either buy an item or bid for the item. In many cases, if you decide to start bidding, you might end up paying more than what you would have paid when just purchasing with the amount highlighted. However, if you are good at bidding, you can consider that option.
On the other hand, GOAT doesn’t offer any bidding options, which makes it easier to buy your preferred sneakers, place an order, and pay for them. Once a buyer places an order, the company takes it from there. You will then be notified of when to expect your product.
In both StockX and GOAT, thorough scrutiny is done to ensure that the right products are shipped to the customers. Once the product passes verification, it can be shipped to the customers immediately. If they don’t, the order will be canceled and sent back to the seller.
GOAT allows returns for a specific period, while StockX doesn’t. In most cases, StockX sends an invoice to send back the item to you, if you don’t adhere they can even dispose of your item. Thereby, you need to be careful.
Payment Method
The GOAT platform only accepts payments in US dollars. However, StockX accepts five different currencies such as USD, AUD, CAD, EUR, and GBP. If you make purchases on StockX you can pay using a credit/debit card or PayPal.
On the other hand, GOAT accepts payments using credit/debit cards, PayPal, Apple Pay, and Google Pay. US residents have the most flexible payment options. They also offer services that allow someone to pay for an item for some time.
Conclusion
It's hard to decide, and choose the platform that's right for you. However, both StockX and GOAT have amazing functions that can help you get the next seller or be the next buyer. They are all ideal and will give you the sneakers that you desire. What are you waiting for? Access either GOAT or StockX now!
