Sell Gift Card Rates & Commission

Always check the current rates for any gift card before submitting a sell transaction. This will show you exactly how much payout to expect and give your users live pricing they can trust.

It's advisable to build a rate calculator in your app so users can preview their earnings upfront. Check out our working example in the sample project → https://dev-sample.prestmit.io/

📡 Endpoint

GET /giftcard-trade/sell/rate-calculator-data

This endpoint returns available gift cards, current rates, payout methods, and conversion values.

🧾 Sample Response

{
  "giftCardCategories": [
    { "id": 1, "name": "iTunes Gift Card", "image": null },
    { "id": 2, "name": "Amazon", "image": null }
  ],
  "sellableGiftcards": [
    {
      "id": 1,
      "name": "iTunes eCodes",
      "rate": 87,
      "minimum": 100,
      "form": "Ecode",
      "country": "USA",
      "terms": "Lorem ipsum...",
      "category": { "id": 1, "name": "iTunes Gift Card" }
    },
    {
      "id": 11,
      "name": "Test Giftcard",
      "rate": 202,
      "minimum": 200,
      "form": "Physical",
      "country": "UK",
      "terms": "<p>This is some info...</p>",
      "category": { "id": 2, "name": "Amazon" }
    }
  ],
  "sellGiftcardPayoutMethods": [
    {
      "name": "NAIRA",
      "available": true
    },
    {
      "name": "CEDIS",
      "available": true,
      "cedis_naira_conversion_rate": 88,
      "info": "Divide the total Naira value by this rate to get the Cedis amount."
    },
    {
      "name": "BITCOINS",
      "available": true,
      "usd_conversion_rate": 512,
      "info": "Divide the Naira value by this rate to get the USD amount."
    }
  ],
  "rateConversions": {
    "cedisToNairaConvRate": 88,
    "btcToNairaConvRate": 512,
    "usdtToNairaConvRate": 510
  }
}

🧠 Understanding the Rate Calculator Data Response

Here's what each field means in the rate calculator response:

Quick Breakdown

• Category: Card brand (e.g., iTunes Gift Card)
• SellableGiftcards: Specific variant or range. "Physical" = has image, "Ecode" = digital code
• Payout Methods: Your preferred payment currency (Naira or Cedis)
• Rate Conversions: Since Prestmit's base currency is Naira, use these conversions to calculate Cedis or USD values

💰 Making Money from Rates

Prestmit pays you a commission per transaction. Pass our rates directly to users or add your own markup for extra profit.

Here's how it works:

• Apple USA $100 rate: ₦900 with 0.2% commission = ₦90,180 for you after completion. Your commission is ₦180 (0.2% of ₦90,000).
• Pay your user ₦90,000 and pocket ₦180 profit.
• Want more? Set a 10% markup, i.e., pay users ₦81,000, and still receive ₦90,180 from Prestmit.

Choose the pricing model that fits your business.

Your commission can always be found on the API console: Settings > Commission Structure.

🔔 Pro Tip

Fetch rates in real time before every trade. Gift card prices change frequently, and fresh rates prevent payout mismatches.