Gift cards have long been a popular alternative when you’re unsure what to present your family or friends. Gift cards are known as the one of the most common kind of presents, but not all gift card recipients want to use them. The reasons can be different, either they do not find the products in this store appealing, or maybe they would rather choose cash instead of a gift card.
In this case, online gift card marketplaces can be useful for you. Here you may transform those gift cards into cash or swap them for ones you are really interested in.
In this post, we will evaluate two popular platforms, Kinguin and BuySellVouchers, to help you determine which is better for selling gift cards. Let’s have a look at it!
What is Kinguin?
Kinguin is an online marketplace where you may sell valid game codes to other purchasers. The platform’s technology validates game codes, so you can always expect to get a valid game code when you make a purchase.
On the Kinguin marketplaces, you may find game codes and items for a variety of games. The website’s most popular items are PC games. Still, you can also find software keys, operating systems, and other digital products. Nonetheless, game codes remain the most popular commodity on Kinguin.
Kinguin was founded in 2013 to assist customers in purchasing genuine games at a lower cost. Unlike torrents and other illegal methods, Kinguin allows you to buy licenses for Steam and other major gaming platforms.
How to Buy Gift Cards on Kinguin?
- Use the search box to locate your desired gift card and click on it.
- You will be sent to the product listing page. Scroll to the bottom to discover which vendors are offering gift cards. Choose the vendor from whom you want to buy and click the orange button.
- Multiple alternatives exist for making a purchase’s payment. Credit cards, PayPal, GPay, Kinguin Wallet, Paysafecard, and Bitcoin, are among them. We’re not sure, but we believe that depending on your country, you’ll have more or less payment gateway options.
- The total is shown in the shopping cart. If you have a discount code, you may enter it here, or you can pay with your Kinguin wallet if you have cash in your Kinguin account balance. You will also note that a Platform Development Contribution cost has been added to your basket, which is required and cannot be deleted. There will also be a payment charge. Once you’re ready to check out, choose that option.
- You may examine your order here before paying. If you wish to alter your payment gateway, you may return to the “Payment Information” page. When you are ready to make the payment, press the “Place Order” button.
- After the payment, you will get your gift card code.
How to Sell Gift Cards on Kinguin?
You may sell as a corporation or as an individual.
- Merchant accounts are necessary if you want to sell several game keys simultaneously. To open a merchant account, complete the Application.
- The C2C selling capability is helpful for persons who do not own their businesses.
- Kinguin will require information for merchant accounts. They will want a business registration certificate, ID, and other information to authenticate the identification.
- Kinguin typically reviews incoming merchant account applications within 2-3 days. If approved, you will get all the information you need to sell products on Kinguin’s website.
Kinguin Fees for Sellers
Kinguin earns money by charging sellers fees for each successful transaction. Third-party vendors acquire game keys at rock-bottom costs and resell them to purchasers at market value. Vendors who sell a key are charged an 11% + €0.35 fee.
4% of payment charge is covered by the customer, however it still influences the price of the key.
There is also a €0.35 cost to advertise any game keys on the portal, valid for 60 days.
If the seller wants to adjust the pricing, they may do it three times every day for each product. After that, merchants must pay €0.05 to make further price modifications. Furthermore, Kinguin charges €5 to purchasers, including buyer protection insurance and a game key. Buyers must also pay a modest Platform Development Contribution charge to support the platform.
Your funds are on hold up to 60 days before you can use them (you can use them to purchase on Kinguin, or make a withdral).
The minimal withdrawal value is €80 ; please know withdrawals are subject to a payment fee (depending on the method of withdrawal).
What is BuySellvouchers?
BuySellVouchers is a gift card marketplace where you can trade your crypto for vouchers and gift cards. While you can’t purchase things with cryptocurrency on many popular online stores, the website lets you get around the system and obtain gift cards with cryptocurrency. Then you may buy and sell items online with ease.
The site does not provide vouchers or gift cards itself; instead, it is a marketplace where buyers and sellers may meet and do trading. That implies, many retailers will be willing to accept your cryptocurrency in exchange for different gift cards and vouchers.
On this platform you will find gift cards such as: iTunes, Amazon, Uber, Netflix, Skype, Steam, PlayStation, Xbox, PUBG, Free Fire Garena, Apex Legends, Nintendo, Walmart, Best Buy, Ikea, Nike, Adidas, Airbnb, Binance, Crypto Voucher, FIFA coins, Microsoft Windows, Vodafone, eBay, and many others.
The site verifies merchants, and you can see how many sales they made, reviews they received, and so on. All of these increases your faith in the platform and demonstrates the excellent return on investment you can receive this way.
How to Buy Gift Cards on BuySellVouchers?
The purchasing procedure on the Buysellvouchers marketplace is quick and straightforward. Please follow these instructions if you wish to purchase a gift card:
1. Select the category “Gift Cards.”
2. Choose the gift card you wish to buy.
3. Enter the number of gift cards you wish to add to the “Shopping basket.”
4. Click the “Buy” button.
- Select a payment method (Perfect Money, Webmoney, Advanced Cash, Litecoin, Bitcoin, Tether, Ethereum, Binance USD, BS Token).
6. Enter “Email address” (product email delivery).
7. Input “Captcha.”
8. Click the “Checkout” button.
9. Once you’ve paid, click the “Done” button.
How to Sell Gift Cards on BuySellVouchers?
If you wish to sell an unwanted gift card, please follow these steps:
- Click on “Sign up.” Register for the “Seller” account type.
- After registering, go to “Account preferences.”
- Go to “My Products” and click “Add New Product.”
- Select a product category.
- Choose a product, such as an Amazon gift card.
- Select your payment methods and e-wallets.
- Type “Price” and choose a currency—USD, EUR, GBP etc.
- Fill in the “Product Name” and “Product Description” fields.
- Click on “Register New Product.”
- Well done, you’ve successfully sold the gift card.
BuySellVouchers Fees for Sellers.
BuySellVouchers charges a 0.4% fee from buyers (called deposit fee) and a 0.3% fee from sellers (also known as withdrawal fee). And there is no hidden fee while joining the BuySellVouchers. Traders can take advantage of this because these are really low commissions.
Kinguin vs BuySellVouchers: Fees Comparing
Kinguin earns money by charging sellers fees for each successful transaction. Third-party vendors acquire game keys at rock-bottom costs and resell them to purchasers at market value. As we wrote before, vendors who sell a key are charged an 11% + €0.35 commission. There is also a €0.35 cost to advertise any game keys on the portal, valid for 60 days.
Also, additional fees related to various additional activities, which we previously wrote about – if the seller wants to adjust the pricing, they may do it three times every day for each product. After that, merchants must pay €0.05 to make further price modifications. Furthermore, Kinguin charges €5 to purchasers, including buyer protection insurance and a game key. Buyers must also pay a modest Platform Development Contribution charge to support the platform.
Once you register an account on Kinguin, there are two hidden buyer fees. First, you must pay a Platform Development Contribution charge to cover platform operation expenditures.
Second, an extra fee is added to the original amount to cover the payment gateway. However, if you are a US citizen living outside the European Union, you do not have to pay taxes.
Unlike Kinguin, BuySellVouchers fee policy is simple. BuySellVouchers charges 0.4% to buyers and 0.3% to sellers. Buysellvouchers charges no hidden or joining fees. Separately, there are only payment system fees, which are not related to BuySellVouchers and exist independently of the platform.
This simplified graph gives you a rough estimate of how much you’ll get for selling a $100 iTunes gift card on both of these platforms. These rates are valid at the time of writing.
Plus, you have to take into account the commissions of the payment systems when you withdraw this money.
Kinguin vs BuySellVouchers: Are These Platforms Legit?
Yes, both Kinguin and BuySellVouchers are legal sites, and these sites have been working for years to deliver the best experience to its consumers all around the globe.
Both of the platforms provide active customer assistance if you have any doubts or queries.
There is no legal declaration stating that these sites operate unlawfully. Both are online marketplaces where anybody can join the community on both the selling and buyer sides.
These sites operate lawfully and have successfully gained credibility. Suppose you have any doubts about these platforms. In that case, you may check their official websites and the Internet to see if any fraud or cheating is happening. Both of the platforms described above are entirely trustworthy and legitimate.
Kinguin vs BuySellVouchers: Which is Better?
Both Kinguin and BuySellVouchers are legitimate and cost-effective platforms. Both websites have their approaches and benefits. BOTH PLATFORMS HELP BUYERS FIND WHAT THEY NEED. They have extensive collections in every category. With their assistance, buying and selling gift cards and other connected goods has become much more flexible.
Although both have a large selection of things, there may be times when you cannot find what you are searching for at one of them. In such a case, you might go to another platform and look for it there.
However, BuySellVouchers, in our view, is the best platform for buying and selling gift cards since it charges extremely cheap fees. The buyer charge is 0.4%, while the selling fee is 0.3%, as previously stated. You will get gift cards as soon as your payment is confirmed, and gift cards are delivered through email or straight to the user’s account.
Conclusion
Both platforms are reliable and legitimate. Both have a wide range of categories and extensive collections within each. Their websites are easy to use, and they provide excellent customer service.
The bottom line is that if you are seeking a good fit for your tastes among these platforms mentioned, we recommend that you look at each separately and choose which one is more acceptable.
We covered all the crucial elements. After reading this post, we hope you have a general concept of which platform you should examine first.
