Wallet Wonders: 0% fees on purchases and sales

(THIS CAMPAIGN ENDED 1st September 2023)

We at GamerPay have been testing different fee models over the course of 2023. We have done this in trying to figure out the best possible solution for our users, and ourselves as a business, that rely on rather thin margins.

It is therefore with great excitement that we now allow all our users to buy and sell skins at 0% fee, when using their Wallet.

This model will come into effect from today (30th of June 2023) and will run over the course of this summer.

We are thrilled about this change and we hope you are going to love it!
It is a big shift from what we are used to and we will keep an eye on how things go, to be sure you are satisfied.

Read more below about our new fees, as well as a few other topics which are affected by this fee change.

Buying & selling skins using GamerPay’s Wallet

With this new model you can buy and sell skins without devaluating your inventory value.
By using the new enhanced Wallet on GamerPay you as a user now have the opportunity to buy and sell and not lose one single cent!

You can sell a skin on GamerPay at €100 and keep those €100 on your Wallet. Then you can go out and find a new lovely skin and buy that for €100, and not lose one single cent.

Now it’s just up to you to find some good deals ;-)

The Fees

Sake good order, we have made the following table so there are no misunderstandings in regards to our new fee structure.

Type Fee Note
Sale 0% It's completely FREE to list and sell skins on GamerPay.
Wallet purchase 0% It's completely FREE to buy a skin using your balance.
Bank deposit 1.5% Allow up to 3 business days for your money to arrive.
Card deposit 5% + €0.7 You can deposit by using your VISA, Mastercard, or Maestro.
Card purchase 6.5% + €0.7 You only pay a fee if the trade completes successfully.
Withdraw 2.5% You can withdraw to your bank account. Make sure you have completed the KYC.

*Some changes were made on September 1st, and have been updated in the overview.

Getting balance to your Wallet

As you might now realise, it will always be wise to have some balance loaded into your wallet 💸

To get funds on GamerPay, you can either sell skins/items to other users through our Peer-2-Peer system or load some money in by bank transfer or card.

If you need the funds instantly, you can deposit them with a payment card.

If you want to save some fees and have a bit of patience, you can deposit through bank transfer.

Withdrawing balance

Withdrawing to your bank account comes with a small fee of €5, unless you are on a paid Elite tier. The Gold and Diamond subscription gives you free withdrawals, lowered fees and you are eligible for premium drops as well.

KYC

In order to use GamerPay to its fullest, you will have to complete the KYC process (Know Your Customer). Once the KYC has been completed, you can use the GamerPay Wallet to purchase items 0% fees, as well as withdraw funds to your bank account.

It normally takes around 1-2 days to get fully verified. It’s worth it - trust us! ;)

GamerPay Elite

What about my Elite membership now, you might think.
For those unfamiliar to Elite, that is the name for our subscription. Elite comes in 3 different tiers: Free, Gold, and Diamond. The benefits you receive are based on your tier. Free is, of course, free, Gold starts from €13.5/month, and Diamond starts from €54/month.

Find the benefits below which will stay the same during our summer campaign.

Free Gold Diamond
0% fee on wallet purchases 0% fee on wallet purchases 0% fee on wallet purchases
1.7% bank deposit fee 1.7% bank deposit fee Free bank deposits
2.5% bank withdrawal fee Free bank withdrawals Free bank withdrawals
A chance to win premium drops A chance to win premium drops
A Gold profile badge 🥇 A Diamond profile badge 💎
Choose a custom shop URL Choose a custom shop URL

*Some changes were made on September 1st, and have been updated in the overview.

To learn more about GamerPay Elite, and to subscribe for any paid tier, you can head over to the “Elite” page. You can also find it in the menu by hovering over your profile picture.

Happy trading!

We hope that you are thrilled with our new fee model, which we believe will be a welcoming thing for many skin traders whether they are casual or more experienced.

If you have any feedback or ideas on this topic, don’t hesitate writing us.

We suggest you follow us on Twitter and share your ideas in our Discord channel.

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