Which is better, Goat or StockX? (This depends on…)
With the rise of footwear marketplaces like StockX and GOAT, buying sneakers online has become more accessible than ever. As the online sneaker market has expanded, it has become easier for people around the world to buy and sell shoes online. But it also means that it becomes harder for us to choose.
Say you want to buy the latest pair of droplets; where should you go? You can wait hours at a retail store or find the right website or app from the comfort of your home. GOAT and StockX are the main contenders for consumers, but which is better? Read on to learn more about which market is right for you.
Which is better, GOAT or StockX?
The answer depends on your shopping priorities. If you’re looking for an overall great buying experience, GOAT is even better. At the same time, StockX has the advantage of a system similar to the stock market, which allows you to get the best price if you are strategic about buying.
When comparing GOAT and StockX, whether you are a buyer or a seller, there are several aspects to consider.
Sell on GOAT and StockX
sale on goat
Selling shoes on GOAT is not as easy as on StockX or Flight Club. GOAT often buys shoes from retailers and trusted sellers, so you must be part of this circle of trust before you can sell your shoes to them.
GOAT requires you to apply to be a seller on their website before selling. You must provide preliminary details to verify that the item you are selling is genuine. This process makes GOAT’s shoe certification process more thorough.
While GOAT has a new bidding feature on its mobile app, sellers still have the option to price their items according to the pricing guidelines available on GOAT. GOAT conducts extensive market research to update its pricing tool so sellers don’t over or underestimate their shoes.
Sell on StockX
Individual sellers have more power on StockX. With their stock market concept, sellers can put shoes on sale and buyers can bid. Sellers can choose a suitable bid price or make an asking price so buyers don’t have to play the waiting game and make a purchase right away.
As for the authentication process, you only need to send it after the buyer confirms the purchase of your shoes. You should be very careful during this process as StockX reserves the right not to return shoes that do not match the description.
How much can you make on StockX or GOAT?
GOAT Earnings
GOAT’s fee policy is even more brutal. While the amount split from your selling price on StockX and GOAT is more or less the same, it largely depends on your performance as a seller.
GOAT records your reputation as a seller, which affects the commission you have to charge them. For beginners or first-time sellers of GOAT, this record is a major disadvantage. Commissions average 20%, and once you establish your credibility, commissions only drop to 9.5%. It can even go up to 25% if you can’t close the deal well.
On the plus side, shipping on GOAT is offered at a flat rate, which makes it easier to calculate your earnings.
StockX Earnings
Meanwhile, StockX employs a performance-based system where you work for benefits rather than fair commission rates. Unlike GOAT, StockX’s transaction fees start at 9.5% and reduce the more successful sales you make by 0.5% each time you hit a certain number of sales.
You can also get paid more on StockX. StockX will reimburse you immediately after verifying the quality of your shoes.
GOAT does the same thing, but on average, takes longer than StockX. GOAT also requires a higher transfer fee of 2.9% to deposit funds into your account. By comparison, StockX sets a maximum transfer fee of $9.95.
This way, selling on StockX is more profitable, especially if you don’t plan to be a long-term seller and only need to make a few bucks.
Buy on GOAT and StockX
While you might be interested in dropping some of your shoes on these sites, the average sneaker lover would head over to GOAT or StockX to buy shoes. With its huge catalog, you can easily pick the first catalog you see and use it.
But if you did, you probably wouldn’t be here in the first place. StockX is known for its stock market placement, which provides buyers with transparent pricing and a better idea of how much they should pay for the shoes. This is a big selling point for StockX, so many people find they can get better deals on the site.
Meanwhile, GOAT sources shoes from retailers and independent sellers. GOAT’s prices are based on marketing research conducted by an in-house team that guides independent sellers to price their shoes accordingly.
GOAT also now has a bidding feature for buyers to bid on shoes, but this is limited to their mobile app. GOAT also doesn’t provide as much information on past prices and sales as StockX does.
StockX Certified
StockX only sells slow-moving items, which makes certification a major responsibility for sellers. All shoes sold on StockX should come with their original accessories or accessories such as extra laces.
GOAT is more accommodating in this regard, selling potentially defective shoes (at low prices of course) and offering their shoes a capless option.
StockX claims they have 99.95% accuracy. However, it would be helpful to check the comments to see if this is indeed the case. StockX does have a history of accidentally letting fakes go through the certification process, making it difficult for buyers when they can’t return shoes.
StockX’s return policy is unclear as it has stated that returns are both acceptable and non-acceptable. If you receive a counterfeit, it is recommended to email StockX the counterfeit with proof.
goat certification
In addition to employees, GOAT uses machine learning to verify incoming shoes. They usually source from retailers, but every now and then, they receive shoes from a list of trusted sellers.
GOAT screens all shoes received before releasing them to buyers. In this regard, GOAT also takes more time than StockX in the authentication process.
This helps them maintain a better record for authentic shoes than StockX. If your shoes are found to be counterfeit, GOAT will refund the full amount and dispose of the shoes.
Ship from GOAT or StockX
The longer it takes to ship, the more you worry about whether the shoes will arrive.
GOAT typically takes about a week to ship items to buyers, as the team must certify the shoes before shipping. However, GOAT has an Instant Ship feature that allows them to send pre-verified pairings. This greatly reduces your shipping time.
GOAT tracks your order extensively, prompting you at every step of the shipping process, right up to the warehouse location.
StockX also only verifies the shoes sent to them after the sale is confirmed. If you’re within the US, the shipping process can take a few days, but it can take around two weeks from payment to arrival at your door.
StockX will also notify you of the progress of your purchases, but not as detailed as GOAT’s tracker.
in conclusion…
Whether GOAT or StockX is better depends on what you expect from each company. StockX has a more friendly seller policy, while GOAT provides the customer experience. To learn more about the processes involved in either footwear market, read the following articles:
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