By the looks of it, SkinXchange is the platform co-founded by two people. Justin is in charge of development and Rebecca manages the design and sometimes works in support. The guys are based in Austin, Texas.
The domain was registered in April 2015, but the activity started in December 2016.
The majority of traffic comes from the USA. The second and third place take Australia and the UK.
Top 5 countries:
- United States 25%
- Australia 8%
- United Kingdom 6%
- Germany 5%
- Canada 5%
There are two types of sales on the website:
If you chose instant – the platform immediately buys your skins for the price it suggests (usually lower than average market value.) The regular method provides you with a possibility to list your skin on the platform and wait for someone to buy it. In this case, the price is chosen by the seller.
If you want to buy skins from SkinXchange, you are able use one of the next payment methods:
- Credit Card
- G2A Pay
But, if you want to withdraw money, the website transfers funds only via PayPal but no more than $500 at a time. The instant withdrawal method transfers money in minutes but charges an extra 5% fee.
Important! SkinXchange doesn’t accept credit/debit cards from Capital One bank and Barclay’s bank.
SkinXchange's cut is 5%. The transaction fees are 2.9% + 30 cents per each sale. Moreover, when you withdraw your funds, the PayPal will charge 2% upon a cashout.
There's a FAQ section on the website and an option to send a message to the support team. We received our answer in 5 hours on our email together with a few spam letters from SkinXchange. Also, they have a blog where you can post your question in a comment section.
Should you trust SkinXchange?
The service is young but judging from their content and an open style of communication, we would definitely give it a try. They have some restrictions about the maximum sums of cashout and the price of a skin, which proves that they are not trying to run a scam.
Bonuses and promotions
SkinXchange has a cumulative bonus system – the more you trade, the lesser fee you pay. They also offer a paid subscription for $15 a month, which will provide you with even bigger fee discount (up to 1%). You can earn cashback from your sales by placing SKINXCHANGE.COM in your steam name.
How to trade
As we mentioned above, the platform allows two ways of trading. The instant method provides you with money in minutes, but for a lesser price. The regular method lists your trade on a website and you wait until the buyer is found.
The skin-trading process
The regular method:
- Click "Sell" on the left side of the screen
- Click "Steam Inventory" button
- Select items you wish to sell and enter your price (or "Price All" button to auto price)
- Click "List Selected Items" button
- A "Trade" window will appear in a top right corner of the screen
- Click "Open Trade'. The Steam Trade bot will request your items from the Steam account
- Accept the trade
The instant method:
- Click "Instant Sell" button
- Select items you wish to sell. Keep in mind that this method works only for items priced between $1 and $200
- Check the price
- Click "Instant Sell Selected Items"
- Accept the trade from their bot
Pros and cons of using SkinXchange service
|Small and “homy” service||Lots of fees and limitations|
|Possibility to contact its founders||Still has some bugs|
SkinXchange is still young but looks promising. The service still has some bugs and works on fixing them. There are a lot of different fees and limitations which can scare off "wholesale" customers.
|Money withdraw speed|