Both buyers and sellers are entirely anonymous, making it more about the quality and price of the shoe than seller reviews. Supposedly StockX has taken steps to fix this problem. Save my name and email in this browser for the next time I comment. On GOAT, you have the option to buy either new or used sneakers. A lot of resellers are not dependent upon income from their sneakers. For the sneaker possessed individuals, both StockX and GOAT are some of the best platforms to buy your “obsessions” from. The buying process on StockX is quite rigorous – you can buy instantly or bid for a sneaker. This is why it is important to build your brand where customers can buy from you directly. Plus, GOAT has an Instant Shipping feature that will have the company ship the already authenticated sneakers to you after placing your order. (You can read more about how StockX is the biggest resale platform. Your email address will not be published. That means with StockX you have a much bigger audience of potential buyers. The more you sell on StockX, the higher your seller level will increase. Example. StockX Selling Fees Explained. However, with more sales bring more competition among other resellers. Subsequently, higher competition means smaller profit margins for everyone. For all StockX sales there is a 3% payment processing fee, as well as a transaction fee that is dependent on the level of your seller account and the item you are selling. Earlier, I mentioned that the pro of selling on StockX is that you have a much bigger pool of customers. How do I cash out? Did you just come across a YouTube track that you could never stop listening to? This is because your payment information is saved to your account. When do sellers get paid? Contents Introduction GOAT StockX PUSHAS Conclusion Introduction It used to be difficult to buy exclusive & hyped sneakers if you live in Australia. As a reseller, you have to find time to source products, clean used sneakers and find buyers for your inventory. This is where Goat will send the sneakers that are in their storage directly to the customer. Our staff recommends StockX for their rigid authentication checks, ease of use platform and easy returns! But StockX only deals with new sneakers. Last week, StockX introduced a new luxury import duties fee of 15 percent for non-US sellers. You've only seen one page. For example, I would recommend selling new sneakers on Goat when the competition is saturated on StockX. Let us know in the comments below which website you prefer to get your high-end sneakers from? However, I still continue to see reports of people being hacked at the time of this writing. When you reach a certain level, you still have to sell at the same level for the next 12 months to keep the lower transaction fee. Your goal should be to build your own brand so that you can sell directly through your own platform. Goat vs StockX PissedConsumer.com strives to provide consumers with the right information to make informed purchasing decisions. On the User interface, GOAT offers a better UI than what you will find on StockX. Our new model means that you will continue to see the lowest Ask price of a product, with any applicable fees included, whether that item comes from Canada or further afield. I understand the reasoning. Both StockX and GOAT have their advantages and disadvantages as sneaker resale websites. You should load it periodically but don’t deposit your work income to this account. It is better to sell on Goat than StockX because of the lower seller fees, faster shipping and less competition.

Use the shipping address as the billing address but don’t panic, feds can’t come to your house as it acts as private / confidential info and StockX are not allowed to give that info out . What are the commissions for selling on GOAT? Thanks to the current internet and the smartphone age, which came at the right moment to complement each other. Marketplaces like GOAT and StockX may be thinking ahead, but what they bring is more than just authentication. We earn a commission if you click this link and make a purchase at no additional cost to you. $25 for Guam and $30 for other countries plus a 9.5% commision. A review of buying shoes on StockX.com . With just three deals, the fee drops by 0.5%. StockX’s popularity is derived from its unique idea of offering a selling market that is similar to the Stock Exchange. Calculate the fee Easily calculate the selling fees of platforms such as eBay, GOAT, StockX, and more. Both the duo involves online-only shopping, and that may be an issue to people who have some trust issues purchasing goods off-Amazon or eBay the world’s leading e-commerce stores. Altogether, you should sell on Goat instead of StockX because of the lower seller fees, faster shipping, and less competition. CashMetrics comes with a preset default of some of the major reselling markets, however, you will be able to create an unlimited number of custom fee options for an easy estimate of your final earnings. Usage. What Is My Seller Fee? StockX accepts payment using both credit/debit cards and PayPal. For every transaction that occurs there is a 3% payment processing fee. Buying sneakers has never been a straightforward exercise than using the internet. Then there are the buyers who are looking for grails to add to their collection and never rarely let them go. The next 0.5% decrease is after 30 sales, and the final one is after 100 sales. Goat vs StockX vs Grailed. All that's neccesary for the bot to run is a bot token. I currently resell sneakers while working a full-time job and it gets really hectic especially during hype drop weekends. StockX is our pick for for the internet's leading marketplace for retail goods. StockX charges seller’s a 9.5% sellers fee, although this can go down as you sell more sneakers. It is just so much easier to get started than trying to cop hype releases. by Danny Parisi. Time will tell if they have resolved the issue. It is truly a great and helpful piece of info. This review process can take anywhere between 3 days or even 3 weeks. Unfortunately, your Wi-Fi is not all that reliable, and now you decide to download the audio track. In return for requiring your sneakers to be shipped to them for authentication, they provide free shipping. link to Top 5 Best Online YouTube to MP3 Converters, link to Adobe Portfolio VS Squarespace (Features & Pricing), StockX: The Place To Buy Sneakers & Holiday Gifts, WikiBuy vs Honey (Comparison) Saving Money Online Made Easy, Invest Smart: Betterment VS Acorns (2019) Review and Comparison, M1 Finance VS Betterment (Comparison & Review), Coding Bootcamp Showdown: Hack Reactor VS App Academy, Acronis VS Macrium Reflect (2019) Recovery Tools Comparison. Fees correlate directly with your seller score, with the lowest possible fees (9.5 percent) awarded to sellers with a score of 90 or above. GOAT accepts payments using credit/debit cards, PayPal plus Apple Pay, and Google Pay. GOAT was also founded in 2015, to solve a similar problem like StockX. the 3% on stockx is the PayPal fee. Sneakers come with crazy price tags at times. GOAT is the leading site for buying + selling authentic sneakers. If you've been using StockX or GOAT for a while, you've likely sold & purchased a sneaker based on an offer (or bid for StockX). With each level increase your transaction fee decreases. !cssupreme You are set from there. Transaction Fee: 9% This includes all sneakers, streetwear, collectibles, handbags, and watches. Year over year, StockX has beat Goat in the number of sales online. So this gives you many opportunities. Our website collected and compiled various consumer reviews about Goat and StockX as well as customer ratings and recommendations for these brands. One of the reasons being the late shipment of sneakers – but we will get back to that later. So this causes many new resellers to ask, “Is it better to sell on Goat vs. StockX?”. Once they were sold out in retail stores, you had to meet up with someone dodgy from gumtree to get the latest Jordans or Yeezys. In addition to that, there is a fixed fee for payment processing, which is 3%. They have strict product photography standards not only for used sneakers but also for deadstock sneakers. Do keep in mind that these two platforms are not perfect. How can I decrease my commission fees? The two most popular platforms are Goat and StockX. Thank you for reading! Best Place To Buy Sneakers: StockX VS GOAT. Another interesting fact about GOAT is that the platform resales both new and used sneakers. The two platforms are more like the same but with various features that can make one more superior than the other in its unique way. GOAT if you are living in Canada. It is similar to any other buying process in other online stores. Stay tuned with our weekly recap of what’s hot & cool. StockX is the self-proclaimed “stock market of things”, selling not only sneakers, but streetwear, handbags, watches, and pretty much anything related to the fashion industry. After the sneaker passes the verification process, it can then be shipped to the customer right away. It Takes Longer to Setup a Seller Account on Goat. As a reseller, it can get busy really quickly. Earlier I mentioned that both platforms provide free shipping for sellers. The transaction fee is taken from the final price of your sale. DEC 19, 2019 . These platforms enable convenience and scale while reducing fragmentation. StockX always has been and always will be a global marketplace. StockX’s website is quite busy and can drive chills to a first-timer. Example. the same thing is present with goat transactions !csreleases Supreme Drop List Sends you the top 10 items for Supreme this week. Discord Fee Calculator Bot. More fees mean less money in your pocket after a sale. I analyze the pros and cons of buying and selling sneakers on StockX vs. Why is my commission higher than 9.5%? Then your application has to be reviewed. Now both platforms promote a 6 to 10 business day delivery timeframe. Goat vs StockX vs Grailed. And for safety reasons, all sneakers are inspected before they are shipped to a customer. There isn’t another platform where you can get used, authenticated sneakers. I really wanna cop a Yeezy but I'm not sure where to buy them. Which is suitable for anyone who has internet and can shop from the platforms anytime. There are many videos on YouTube that call these platforms out on their mistakes. Hopefully, this has helped you to understand how you can use Goat to maximize your profits. On the other hand, Goat basically requires you to complete an application. Both StockX and GOAT are available on both the web, Android, and iOS. If you didn’t know, FlightClub and Goat are basically one company. If by any chance the sneakers fail to pass the verification process, then the order will be canceled by either, and the customer refunded the paid money. For sellers with ratings between 70-89, the commission fee will be 15% + the seller fee, and for sellers with ratings between 50-69, the commission fee will be 20% + the seller fee. Both platforms have different fees and tools that can help you maximize your profits. Both StockX and GOAT have implemented verification processes on sneakers before they ship them to the buyer when an order is placed. It is similar to any other buying process in other online stores. Not only that, but there is a lot less competition with selling used sneakers. Our good friends over at StockX have just gone live with a huge deal for sellers which cuts seller fees by an enormous 31%! With Goat, you have lower seller fees than you do on StockX. Although a similar feature is available on StockX, it is not comprehensive as GOAT’s. So, let us dive into the different elements of both StockX and GOAT to help find which is the best one for your specific needs. In return for requiring your sneakers to be shipped to them for authentication, they provide free shipping. StockX Checker Checks StockX for the keywords you specify. On the User interface, GOAT offers a better UI than what you will find on StockX. As a reseller, you want to drive down costs as much as possible. GOAT does not offer bidding options which makes it easier to buy sneakers. GOAT also typically processes orders quicker than StockX, and they deposit the funds to your GOAT account, which allows for you to avoid PayPal fees if you use those funds to buy shoes. Posted by 2 years ago. It also saves you time from going back and forth every day to ship off orders. There have been a ridiculous amount of times that I have had to retake pictures. You can buy new or used sneakers on the go, and it’s a simple process that anyone can have a grasp for the first time. Discussion. GOAT charges $10 for shipping goods across the US and between $30 to $40 to other countries. Which one is the best , legit, cheap, no scam/fakes, no over price, and OG website that Canadians can buy shoes from? When will you issue a 1099? A slight difference between the two is that GOAT remains as a sneaker-only resale site and sells no other extra products. Your Location. This is in comparison to StockX who only gives you TWO DAYS (not business days). There are a few reasons for this. So it is great that Goat gives you three business days to ship your product once a sale is made. stockx cash out fee. … Related articles. However, selling used sneakers on Goat will be your bread and butter as a new reseller. Both platforms drop the risk of buying fake products or even physical scrambles that may be encountered at physical stores. So you still get paid even if the customer receives a damaged box. Another great benefit of storing your sneakers with Goat is that you can have them consign them for you. The delivery time can be 3 to 5 business days. Whether you are searching for that new PS5, Nike's or Yeezy's - StockX is our go-to marketplace! Whats up guys, probably there is already tons of posts about this but I'll ask it again. In my opinion, you have a lot more options on Goat than on StockX. StockX is an online sneaker marketplace where users sell their new or used pair of sneakers. A good time to sell on StockX is when you are looking to make quick lunch money or if you are willing to hold until the value increases more. For GOAT users, the seller fee ranges from 9.5% + seller fee compred to StockX users where fees are 14.5% base + 3% payment processing. Plus, verification is also necessary since the sneakers ordered by a customer may be from a third-party vendor and not the store itself. Both platforms provide sneaker authentication of all sneakers that are sold on the platform. Especially the limited-edition ones that if sold at a store, could result in physical fights. , both Services offer flexible payment platform, which is 3 % payment processing, which at! A global marketplace additional suggestions use those tools to sell on Goat be. But with online shopping, it ’ s market the exclusive platform where sell! At one of the shoe than seller reviews their platform, it tags! Agree to our use of cookies 10 business day delivery timeframe this but I 'll ask again... Like StockX busy really quickly ship them to the buyer a better UI than what you will find StockX... Shopping experience than Goat “ Instant ship ” option marketplace for retail.... Is this “ stock market ” like features like price buttons on the platform resales both new and sneakers., goods from a third-party vendor and not the case with Goat transactions StockX selling Explained... Next 0.5 % reliable, and Google pay the two is that you can typically sell for sneaker! 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