Iraters vs Prestmit: Which Should You Trade With?
Score by dimension
| Dimension | Iraters | Prestmit |
|---|---|---|
| Gift card rates | 7.9 / 10 | 8.9 / 10Prestmit wins |
| Payout speed | 4.5 / 10 | 7.5 / 10Prestmit wins |
| Trade experience | 4.0 / 10 | 9.0 / 10Prestmit wins |
| Support & disputes | 4.0 / 10 | 9.0 / 10Prestmit wins |
| KYC & onboarding | N/A | 8.0 / 10Prestmit wins |
| Product quality | 4.0 / 10 | 8.0 / 10Prestmit wins |
| Other features | 4.0 / 10 | 8.9 / 10Prestmit wins |
| Security & trust | 4.0 / 10 | 8.6 / 10Prestmit wins |
| Reputation | 4.0 / 10 | 9.0 / 10Prestmit wins |
| App reviews | 9.8 / 10Iraters wins | 9.0 / 10 |
| Overall | 5.1 / 10 | 8.6 / 10 |
Side-by-side facts
| Detail | Iraters | Prestmit |
|---|---|---|
| Rate received (latest test) | Iraters displayed a payout of ₦11,100 for our $10 US Razer Gold e-code, giving a rate of ₦1,110 per $1. | Prestmit displayed ₦1,145 per dollar for the $20 USA Razer Gold e-code and credited ₦22,900 to the wallet. A ₦50 withdrawal fee was deducted, so the bank received ₦22,850. |
| Tested payout time (latest test) | 32 minutes | 7 minutes |
| Bank withdrawal time (latest test) | 32 minutes | 1 minute |
| Support first response | 35 minutes | 1 minute |
| KYC time | Not tested | 1 minute |
| Payout methods | Bank transfer | Bank transfer |
| Gift card types | Amazon, AMEX, Apple / iTunes, eBay, Footlocker, GameStop, Google Play, Nike, PlayStation, Razer Gold, Roblox, Steam, Vanilla, Xbox | Amazon, AMEX, Apple / iTunes, eBay, Footlocker, GameStop, Google Play, Nike, PlayStation, Razer Gold, Roblox, Sephora, Steam, Vanilla, Xbox |
| KYC requirements | 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. | Prestmit required the researcher's full name, date of birth, phone number and BVN for the KYC completed during this test. The verification was approved in one minute. |
| Fee structure | a fee of 100 was deducted | Prestmit credited ₦22,900 to the researcher's wallet after the tested gift card trade. It charged a ₦50 withdrawal fee, so ₦22,850 was sent to the researcher's bank account. |
Frequently asked questions
Is Iraters or Prestmit better overall?
Prestmit is better overall. It scores 8.6 out of 10 against 5.1 for Iraters, based on our own trades on both platforms.
Which gives a better gift card rate, Iraters or Prestmit?
Prestmit rated better on the card we traded. Our gift card rates score is 7.9 for Iraters and 8.9 for Prestmit. Rates move daily and vary by card type and denomination, so compare rates per dollar before you sell.
Which pays out faster, Iraters or Prestmit?
Prestmit paid out faster in our test: 7 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, Iraters or Prestmit?
Prestmit replied first. Support took 1 minute to answer at Prestmit and 35 minutes at Iraters when we contacted them during testing.