Pexpay P2P platform is your gateway to gain access to cryptocurrencies, providing crypto buying and selling services with payment methods like direct bank transfer, cash deposit and even cash in person trading.
In order to provide more ways for users to onboard their crypto journey, Pexpay P2P has launched the Gift Card trading option for all users. This includes all physical or electronic gift cards which provide a receipt after users have purchased them, like Itunes or Google App Store Gift Cards.
What Is Gift Card Trading?
Gift Card trading will act as a special tool for users without bank access to buy cryptocurrencies of their choice. Simply find your preferred gift card in the payment method section and add it to your saved payment method list. Make sure not to include any gift card codes in the payment method list unless the seller has asked for them after the trade has been set up.
Since Gift Cards are a unique payment option which serves a specific purpose for users, they should usually cost less than their face value when buying or selling cryptocurrencies.
For example, if the USDT is trading at $1, a gift card of $1.1 may be needed when buying USDT.
How to Trade Gift Card on Pexpay?
1. Go to your user profile, under [P2P User Center], click on [Payment Methods]
2. Select the gift card you want to trade.
3. Read and agree to the terms for the gift card
4. Find your trader on the marketplace, or start posting advertisements and wait for someone to take your order.
*Make sure not to include any gift card details before trading, and you must hold the receipt of purchase in order to sell your gift cards.
*Always look for verified merchants for gift card trading to ensure the best trading experience.
Best Trading Practices When Buying
- Provide proof to your seller. Give your seller proof that the gift card is valid, that you bought it yourself (a photo of the receipt), and proof that you actually own it (a photo of the gift card and a screenshot of the gift card’s balance).
- Don’t upload any photos until it’s asked for. Before you go ahead and send in your payment, wait for the seller to specifically ask you to send a photo of your gift card code.
- Confirm payment after you have agreed to send the gift card information to seller. This is to ensure that the trade will not become expire and be cancelled after you have provided the information.
Best Trading Practices When Selling
- Specify the number series of the card you accept. For example, starting with 4356.
- Tell your trade partner to hold off on payment until you ask for it. Make sure that you’re ready to receive the payment before asking them to send it.
- Ask if the card has a full balance. Tell your buyer that the card balance has to be full in order for you to accept it.
- Make sure the gift card is unregistered. Don’t register the card.
- Ask your buyer to upload the gift card with proof. Make sure that they include the current balance along with the current time.
- Ask for all the card information. This includes the card number, expiration date, and CVV2 (e.g. XXXXXXXXXXXXX XX/XX XXXX).
- Wait a couple of minutes to process the card. If the card gets declined, tell your trade partner that you’ll recheck it again after an hour.
- Claim the gift card before releasing the crypto. If the gift card is not valid, make sure not to release your crypto and our investigation team will assist you.
Trade Safely
Trading disputes involving gift cards will usually take a long time to resolve, always make sure you are trading with a qualified trader to minimise the risk of fraudulent activities.
Pexpay is looking for any prominent projects with gift card services for collaboration. If you are a project team member or owner, please contact us at partnerships@pexpay.com.
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