GOAT is a popular online marketplace where buyers and sellers can buy and sell sneakers, streetwear, and luxury fashion items. It offers two types of offers to its users:
Instant offers: This type of offer is initiated by the seller when they want to sell their item quickly. They set a price that they are willing to accept, and the buyer can choose to accept or decline the offer. If the buyer accepts the offer, the transaction is completed instantly.
make an offer: This type of offer is initiated by the buyer. They can make an offer on an item that they are interested in buying, and the seller can choose to accept, decline, or counter the offer. This type of offer is more flexible and allows buyers to negotiate the price with the seller.
Once an offer is accepted, the buyer has 3 days to make the payment. If the payment is not made within 3 days, the offer is cancelled, and the item is put back up for sale. The seller receives payment once the item has been delivered to the buyer and the buyer confirms that the item has been received in the expected condition.
In conclusion, GOAT's offer system offers users the flexibility to buy and sell items at their preferred price point and negotiate on the cost of items they are interested in buying.
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