GOAT is one of the biggest streetwear marketplaces that delivers to over 170 countries worldwide. Since its establishment in 2015, GOAT has seen over 30 million customers use their platform.
Since GOAT has so many customers from all over the world, they should have a wide range of accepted payment methods, right? What about using gift cards, specifically Visa Gift Cards?
Does GOAT Accept Visa Gift Cards?
It depends. GOAT members have been discussing this issue on forums for a while now. While some say that Visa Gift Cards are accepted at GOAT, others have had a different experience.
GOAT doesn’t state that gift cards are a valid form of payment, which is why it is difficult to give a definitive answer. Most experiences fall into two scenarios.
The first is that as long as your Visa Gift Card has a sufficient amount of money on it to pay for the item, shipping, and taxes, you should be able to use it.
The second is that users cannot complete their transactions even though their card has the appropriate amount of money on it.
So if there’s no guarantee that Visa Gift Cards would work at GOAT, what are the guaranteed ways to pay?
What Payment Methods Does GOAT Accept?
GOAT accepts payments made with cards or accounts from these financial institutions.
GOAT also accepts debit cards as well as credit cards. This is useful for those who aren’t eligible to apply and obtain a credit card.
Afterpay has recently seen an increase in popularity amongst GOAT users as it allows them to enjoy their full purchase without an upfront full payment.
You might be wondering that since Visa is a financial institution recognized by GOAT, shouldn’t their gift cards work as well?
The thing is that debit cards, credit cards, and prepaid cards are slightly different than gift cards. Let’s take a closer look at their differences.
What Are Visa Gift Cards?
Visa Gift Cards are cards that have a fixed amount of money deposited into them. Once the money in the card has been used up, you cannot deposit more money into the card.
These Gift Cards come with their own card number, expiry date, and security code. The thing about Gift Cards is that they’re not in the same category as debit, credit, and prepaid cards.
Not all retailers accept Gift Cards as a form of payment. Usually, only certain merchant-specific Gift Cards are allowed to be used at that particular location.
This is why there is a lot of uncertainty as to whether Visa Gift Cards are allowed on GOAT as an official form of payment.
Prepaid Cards, on the other hand, have a slight difference. This difference makes them more generally accepted at stores as a form of payment.
So, what’s the difference between Gift Cards and Prepaid Cards?
What Are Visa Prepaid Cards?
Visa Prepaid Cards are just like Visa Gift Cards where a specific amount of money is deposited into them. However, unlike Visa Gift Cards, Visa Prepaid Cards allow you to repeatedly reload money into them.
Visa Prepaid Cards have the same functionality as a debit card, except that there is no savings account attached to the prepaid card. Money must be deposited directly into the card and not into an account.
The chances of Visa Prepaid Cards being accepted are higher than Gift Cards as Visa Prepaid Cards can be used more than once. Retailers would have to acknowledge the fact that users would be more likely to use Visa Prepaid Cards because of this.
There still is no guarantee whether you’ll be able to use a Visa Prepaid Card at GOAT, as prepaid cards and gift cards are not stated as an official payment method.
To be safe, it’s better not to use Visa Gift Cards or Visa Prepaid Cards at GOAT, as there is a chance that your transaction will be declined.
Instead, use one of the specified accepted payment methods recognized at GOAT. Debit cards, credit cards, and e-wallets such as Apple Pay, Google Pay, or Paypal are accepted.
If you have a Visa Gift Card, it’s best to deposit the money in the card into a PayPal account and use that to purchase your items. This will give you a guaranteed way to pay for your items without any transaction declination.
Let us know if you want to see GOAT accept Visa Gift Card and Visa Prepaid Cards down in the comments below!