How To Make Money Using Prestmit API

Whether you’re integrating it into your platform or running your own exchange, there are two main ways to make money using the API:

1. By selling gift cards to Prestmit (using the Sell API)
2. By buying gift cards from Prestmit (using the Buy API)

Let’s break them down.

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🟢 1. Making Money From the Sell Gift Card API

When you integrate the Sell Gift Card API, your users can sell gift cards to you, but behind the scenes, Prestmit is buying them from your system. This means you earn by adding your own markup and/or keeping the commission Prestmit gives you per sale.

💰 How the Commission System Works

Prestmit gives partners a commission rate per transaction (visible on your console). When your user sells a gift card, Prestmit credits you the base rate + your commission automatically.

Example:

Let’s say:

• The current Prestmit rate for Apple USA $100 is ₦900 per dollar.
• Your commission rate is 0.2%.

This means:

• When a $100 card is sold, you’ll get ₦90,000 × 0.2% = ₦180 profit.

So you receive ₦90,180 in total to your wallet.

You can choose to:

• Pass ₦90,000 to your user and keep ₦180 (profit per sale), or
• Reduce your user payout further (e.g., ₦85,000) to earn a higher margin.

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🧠 Example in Practice

Let’s imagine you run a platform called CardXpress. You use the Prestmit Sell API to handle all backend trading.

This model works best for platforms with user traffic. You can automate everything while Prestmit handles processing and payments.

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🛍️ 2. Making Money From the Buy Gift Card API

With the Buy Gift Card API, you can resell digital gift cards from Prestmit at your own price.

This means, you’re essentially acting as a reseller, buying low from Prestmit and selling higher to your customers.

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💡 How It Works

Every time you buy a gift card from Prestmit through the API:

• You pay the Prestmit rate (the wholesale rate, which is the real price minus partner discount).
• You can then resell it at a higher price on your own platform.

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💸 Example: Selling to Your Users

Let’s say you integrate the buy API into your app PayQuick.

You fetch the rates from:

GET /giftcard-trade/buy/config

You see:

• Google Play $100 card costs ₦91,000 on Prestmit.

You decide to sell it to your users for ₦96,000.

So for every card:

• You earn ₦5,000 profit.

If you sell 50 gift cards daily:

• That’s ₦250,000 profit per day.

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⚖️ Combined Strategy (Buy + Sell)

Many Prestmit partners run both APIs together:

• Sell side buy gift cards from their users.
• Buy side sell gift cards to their users.

By operating both, you become a micro-exchange, and benefit from both sides.

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📊 How to Track Your Earnings

• It's best to track your income within your own system.
• Commissions and profits are credited automatically to your Prestmit wallet.
• Commissions are returned in the webhook and transaction data.
• Use GET /wallet/fiat/details to check balances.
• You can withdraw anytime using POST /wallet/fiat/create-withdrawal.

💡 The more transactions you process through your users, the more you earn. Prestmit handles the trading; you focus on scaling your business.