Gexipay vs Iraters: Which Should You Trade With?
Score by dimension
| Dimension | Gexipay | Iraters |
|---|---|---|
| Gift card rates | 8.3 / 10Gexipay wins | 7.9 / 10 |
| Payout speed | 8.0 / 10Gexipay wins | 4.5 / 10 |
| Trade experience | 9.0 / 10Gexipay wins | 4.0 / 10 |
| Support & disputes | 7.0 / 10Gexipay wins | 4.0 / 10 |
| KYC & onboarding | 5.0 / 10Gexipay wins | N/A |
| Product quality | 7.0 / 10Gexipay wins | 4.0 / 10 |
| Other features | 7.0 / 10Gexipay wins | 4.0 / 10 |
| Security & trust | 7.0 / 10Gexipay wins | 4.0 / 10 |
| Reputation | 8.0 / 10Gexipay wins | 4.0 / 10 |
| App reviews | 9.4 / 10 | 9.8 / 10Iraters wins |
| Overall | 7.6 / 10 | 5.1 / 10 |
Side-by-side facts
| Detail | Gexipay | Iraters |
|---|---|---|
| Rate received (latest test) | Gexipay displayed a rate of ₦1,120 per $1 for our $10 US Razer Gold e-code. The trade credited ₦11,200 to the wallet. After the ₦100 withdrawal fee, ₦11,100 reached the bank account. | 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) | 4 minutes | 32 minutes |
| Bank withdrawal time (latest test) | 1 minute | 32 minutes |
| Support first response | 5 minutes | 35 minutes |
| KYC time | 2 hours 30 minutes | Not tested |
| Payout methods | Bank transfer | Bank transfer |
| Gift card types | AMEX, Apple / iTunes, eBay, Footlocker, Google Play, Nike, Razer Gold, Roblox, Sephora, Steam, Vanilla, Xbox | Amazon, AMEX, Apple / iTunes, eBay, Footlocker, GameStop, Google Play, Nike, PlayStation, Razer Gold, Roblox, Steam, Vanilla, Xbox |
| KYC requirements | Gexipay requested BVN, NIN, a selfie, proof of address, home address and date of birth. Verification took about two hours and 30 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 | ₦100 withdrawal fee | a fee of 100 was deducted |
| Minimum trade | ₦10 | Not recorded |
| Maximum trade | ₦500 | Not recorded |
Frequently asked questions
Is Gexipay or Iraters better overall?
Gexipay is better overall. It scores 7.6 out of 10 against 5.1 for Iraters, based on our own trades on both platforms.
Which gives a better gift card rate, Gexipay or Iraters?
Gexipay rated better on the card we traded. Our gift card rates score is 8.3 for Gexipay and 7.9 for Iraters. Rates move daily and vary by card type and denomination, so compare rates per dollar before you sell.
Which pays out faster, Gexipay or Iraters?
Gexipay paid out faster in our test: 4 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, Gexipay or Iraters?
Gexipay replied first. Support took 5 minutes to answer at Gexipay and 35 minutes at Iraters when we contacted them during testing.