Apexpay vs Iraters: Which Should You Trade With?
Score by dimension
| Dimension | Apexpay | Iraters |
|---|---|---|
| Gift card rates | 8.1 / 10Apexpay wins | 7.9 / 10 |
| Payout speed | 6.5 / 10Apexpay wins | 4.5 / 10 |
| Trade experience | 7.2 / 10Apexpay wins | 4.0 / 10 |
| Support & disputes | 8.0 / 10Apexpay wins | 4.0 / 10 |
| KYC & onboarding | 8.0 / 10Apexpay wins | N/A |
| Product quality | 8.0 / 10Apexpay wins | 4.0 / 10 |
| Other features | 8.0 / 10Apexpay wins | 4.0 / 10 |
| Security & trust | 7.9 / 10Apexpay wins | 4.0 / 10 |
| Reputation | 7.9 / 10Apexpay wins | 4.0 / 10 |
| App reviews | 8.7 / 10 | 9.8 / 10Iraters wins |
| Overall | 7.8 / 10 | 5.1 / 10 |
Side-by-side facts
| Detail | Apexpay | Iraters |
|---|---|---|
| Rate received (latest test) | The payout for our $50 US Razer Gold e-code was ₦55,600, giving an actual rate of ₦1,112 per dollar. | Iraters displayed a payout of ₦11,100 for our $10 US Razer Gold e-code, giving a rate of ₦1,110 per $1. |
| Tested payout time (latest test) | 16 minutes | 32 minutes |
| Bank withdrawal time (latest test) | 1 minute | 32 minutes |
| Support first response | 2 minutes | 35 minutes |
| KYC time | 2 minutes | Not tested |
| Payout methods | Bank transfer, Cryptocurrency | Bank transfer |
| Gift card types | Amazon, AMEX, Apple / iTunes, eBay, GameStop, Google Play, Nike, Razer Gold, Sephora, Steam, Xbox | Amazon, AMEX, Apple / iTunes, eBay, Footlocker, GameStop, Google Play, Nike, PlayStation, Razer Gold, Roblox, Steam, Vanilla, Xbox |
| KYC requirements | Apexpay requested a BVN, government-issued ID and selfie. The process took about two minutes and was approved. | Iraters did not ask us to complete identity verification. Registration required a name, email address, phone number, password and date of birth, but no BVN, ID or selfie was requested. |
| Fee structure | No withdrawal fee was charged. | a fee of 100 was deducted |
Frequently asked questions
Is Apexpay or Iraters better overall?
Apexpay is better overall. It scores 7.8 out of 10 against 5.1 for Iraters, based on our own trades on both platforms.
Which gives a better gift card rate, Apexpay or Iraters?
There is no meaningful difference. Our gift card rates score is 8.1 for Apexpay and 7.9 for Iraters, so compare the live rate for your specific card before trading.
Which pays out faster, Apexpay or Iraters?
Apexpay paid out faster in our test: 16 minutes to complete the trade against 32 minutes on Iraters. That is the tested payout time, measured from card submission to the trade value being credited; a later bank withdrawal is recorded separately.
Which has faster customer support, Apexpay or Iraters?
Apexpay replied first. Support took 2 minutes to answer at Apexpay and 35 minutes at Iraters when we contacted them during testing.