Service fee is 1% to 5% for most brands, we also offer discounts (that means you pay less than card face value instead of fee) for some brands. Some specific cards (e.g. top-ups) may have higher fees due to issuance costs.
I see, it's make sense though.
The fee for brands is cheap because their products are expensive in the first place and they also want to attract people to buy their products.
However, for top-ups it's 1:1 with fiat value.
Does you're still get profit if you offer discounts rates? I think it's better to have a special place to promote the discounted gift cards because people like cheaper price.
That's a good idea! I noted this, we'll add a section for discounted gift card options on next update.
Service fee is 1% to 5% for most brands, we also offer discounts (that means you pay less than card face value instead of fee) for some brands. Some specific cards (e.g. top-ups) may have higher fees due to issuance costs.
It's always nice to see another gift card provider in this field, but I noticed that different service fees are applied to different values of the same product... Is this still due to the differences in their issuance costs or does it have something to do with their popularity?
e.g., Fortnite
V-Bucks 1000
[price of $14.5 for the value of $9] = Roughly 61%
V-Bucks 2800
[price of $27.5 for the value of $23] = Roughly 20%
V-Bucks 5000
[price of $45 for the value of $37] = Roughly 22%
V-Bucks 13500
[price of $102 for the value of $90] = Roughly 14%
BTW, I think you'll get more attention if you move this thread to the "
Service Announcements (Altcoins)" board instead
[the move topic button is located in the bottom left corner of the page].
If brand has multiple product options, usually price/value ratio is different because each product has different pricing. It's probably sales strategy of the gift card issuer. For brands with single-product, for example Amazon US, pricing is same for any amount.