Not actually true!!!!
I've been utilizing iPayyou since 2017, primarily for transactions involving gift cards. In my experience, when selling gift cards to them, it's important to note that iPayyou has a specific policy regarding the types of gift cards they accept. They do not accept third-party purchased gift cards or e-gift cards; instead, these days they only deal with physically purchased gift cards. For these, they offer a competitive exchange rate, typically around 90% to 95% of the gift card's value, in exchange for cryptocurrency.
Since the COVID-19 pandemic hit in 2020, iPayYou made a significant change to their policy due to some challenges they faced. They've decided not to accept gift cards bought from third parties anymore. This decision came after they ran into trouble with cards coming from places like Paxful and Visy, where the risk of scams seems higher. They're really focusing on keeping things safe and secure for everyone involved, making sure they're offering a reliable way to swap gift cards for cryptocurrency without the hassle.
I've been in the crypto world since 2014 and have picked up quite a few handy tricks along the way.
Thanks!
From your sharing, I can summarize a few key experiences and suggestions for others who are interested in trying a similar approach:
1. Understand changes in platform policies
iPayyou has made changes to the types of gift cards it accepts over the past few years, especially tightening restrictions on gift cards purchased by third parties. This is because as more people buy gift cards through third-party platforms and exchange them for cryptocurrencies, some non-compliant or fraudulent behaviors have increased, leading to the platform's tightening supervision. Understanding and adapting to these policy changes is key to ensuring that transactions go smoothly.
2. Gift card types and exchange rates
Generally speaking, iPayyou offers an exchange rate of about 90% to 95%, which is higher than other exchange platforms on the market. But be aware that they have strict requirements for the types of gift cards they accept. Make sure the gift cards provided meet their standards to avoid rejection of the transaction.
3. Payment methods and processes
When using iPayyou for transactions, it is very important to provide the order ID and BTC address as required. Make sure to check the accuracy of the information before submitting it to ensure that the payment can be completed smoothly. If the processing time is long or there are problems, keep communicating with the platform to ensure that the problem is resolved in a timely manner.
4. Markets and risks
Cryptocurrency trading itself involves certain risks, especially when it comes to gift cards and third-party platforms, the risk of fraud is higher. Choose a reputable platform and make sure to protect your personal information and funds when trading.
5. Lasting cryptocurrency experience
You mentioned that you have been involved in cryptocurrency since 2014 and have accumulated experience along the way. This period of time must have been a process of continuous learning and adjustment of strategies for you, especially with market fluctuations and platform policy changes.
Overall, this method is a good choice, especially for those who want to exchange gift cards for Bitcoin and realize asset appreciation through cryptocurrency. Hopefully more people can benefit from your experience and operate with caution to maximize their returns.
