What happens to GOAT balance when someone dies

“You may not assign or transfer these Terms, by operation of law or otherwise, without our prior written consent.”¹

The Terms of Use grant only a limited, non-transferable license, and the seller rules bar transferring a seller account, so the seller account itself does not pass to an heir.^{1, 2}

GOAT reviews a deceased seller's balance and consigned inventory individually: the estate contacts GOAT support with proof of death and proof of authority to act for the estate.¹

Once items are verified, GOAT deposits the seller's earnings to the account for cash out as "Credits", and earnings for consigned items are added as soon as those items sell; the unpaid balance is money GOAT owes.^{3, 2}

The seller cashes out from the app, by ACH direct deposit through GOAT's service provider Dwolla Inc. or to a PayPal account, offered only in certain regions; funds settle roughly 2-3 business days after the cash-out method is approved.⁴

GOAT's two current policy pages state the cash-out minimum differently: the Seller Policy says total earnings greater than $10.00 USD, and the Fee Policy says greater than $25.^{2, 5}

A 2.9% cash-out fee applies. Canadian sellers are exempt, certain sellers in select locations may see 3.1% based on cash-out method and preferred currency, and GOAT may reduce or waive the fee during promotional campaigns.^{4, 2}

An account with no registered activity for two years may be charged a $1 monthly Maintenance Fee against its balance, with email notice; the fee is never applied to a zero or negative balance and never reduces a balance below $0.⁵

The Maintenance Fee applies only to accounts with a return address in CO, DC, FL, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MT, NE, NV, NH, NM, NY, NC, OH, RI, SC, TN, UT, VT, VA, WA, WV, WI or WY.⁵

Withdrawing consigned items carries a Retrieval Fee plus any applicable taxes, duties or other charges. GOAT deducts it from the seller balance first, otherwise it is payable via PayPal, and any outstanding storage fees are due at the same time.²

Storage fees for items in GOAT Storage are deducted from the GOAT Credit balance, and a 30-day notice window applies when stored items become subject to storage fees, giving the seller the chance to withdraw or sell them.⁶

Sneakers consigned in GOAT Storage remain the seller's property and can be withdrawn through the GOAT or alias app, or sold.^{6, 7}

After two years with no registered activity, GOAT notifies the account by email, and the seller then has 30 days to withdraw consigned items or reactivate the account.⁸

After that window with no action, the seller relinquishes all right, title, and interest in the consigned items and authorizes GOAT to donate, destroy, or otherwise dispose of them at GOAT's sole discretion.^{8, 2}

GOAT Group's selling platform under the same seller policy; linking imports a GOAT cash balance⁹