Flight Club is one of the most recognizable names in sneakers. Known for being one of the biggest aftermarket boutiques, the popular consignment shop has officially introduced its brand new "BuyBack" program.

This new feature will allow sellers to receive immediate payout for some specific releases. It is being introduced with the massively hyped-up Travis Scott x Air Jordan 1 that released this past weekend.

"The Travis Scott x Air Jordan 1 was a great shoe to feature for the launch of our BuyBack program. We knew that there was a lot of demand for this shoe, and that sellers would be able to quickly increase liquidity. In the future we will accept multiple sneakers for the program. This will include pre-releases, as well as sneakers in high demand," said GOAT Group VP Business Development and Strategy Matt Cohen.

The BuyBack process is simple. Sellers can select the option via their seller portal on flightclub.com. Once selected, they will be able to choose the style and size that they will be dropping off at either the New York or Los Angeles locations. A barcode will be created that must be brought to the store during drop-off. Upon showing the barcode and providing the proper product, the seller will be paid on the spot. 

Payment will be based on the current market value of each particular sneaker. There will be no cap on each release either meaning anyone is able to take advantage of the instant payout system who follows the proper procedures.

While Flight Club has been known for its consignment-based selling method up to this point, the company hopes this new option will entice more customers to sell with them. 

"We want to continue to improve the buyer and seller experience," Cohen told Sole Collector. "These programs are definitely appealing because they provide quicker payout and allow sellers to move more inventory. Traditional consignment can take longer to receive payout, which slows down business for many sellers."

Sellers can check out the Flight Club BuyBack feature here