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About Gift Card Payout Methods on Prestmit
About Gift Card Payout Methods on Prestmit
Updated over 9 months ago

When selling gift cards on Prestmit, users have 6 payout options: Naira, Cedis, Bitcoin, USDT, Litecoin and Dogecoin.

1. For Naira

The payment will be paid to your Naira wallet on Prestmit.

2. For Cedis

The payment will be paid to your Cedis wallet on Prestmit.

3. For Bitcoin

The payment will be sent to your provided Bitcoin wallet once the transaction is completed.

The bitcoin transaction fee will be deducted from the payout amount. E.G If the payout amount is 0.01 BTC and the fee is 0.0004 BTC, you will receive 0.0096 BTC.

In some cases, bitcoin transaction fee can be relatively high, it's advised that you check the estimated network fee or opt for cheaper payout options like Litecoin or Dogecoin.

4. For USDT

The payment will be sent to your provided USDT (TRC20) wallet once the transaction is completed.

The USDT transaction fee will be deducted from the payout amount. E.G If the payout amount is 100 USDT and the fee is 2 USDT, you will receive 98 USDT.

5. For Litecoin

The payment will be sent to your provided Litecoin wallet once the transaction is completed.

The Litecoin transaction fee will be deducted from the payout amount. E.G If the payout amount is 1 LTC and the fee is 0.000003 LTC, you will receive 0.999997 LTC. Not to worry, transaction fees for Litecoin are extremely low and almost negligible.

6. For Dogecoin

The payment will be sent to your provided Dogecoin wallet once the transaction is completed.

The Dogecoin transaction fee will be deducted from the payout amount. E.G If the payout amount is 1000 DOGE and the fee is 0.3 DOGE, you will receive 999.7 DOGE. Not to worry, transaction fees for Dogecoin are extremely low and almost negligible.

In case you cannot see all the options, be sure your app is up to date.

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