Dynamic Escrow Time and Detailed Analytics – Redeeem
In the past escrow time window was fixed and sellers couldn’t change it, but now sellers have the ability to set their escrow for each trade. For sellers this means you get to decide how long the buyers have to report a card before the trade window closes. Obviously, sellers prefer faster trades but consider that your card may get a better rate if you offer a longer escrow “cooling off period”. For Amazon we’ve seen the average be about 30 minutes which is enough time for the buyer to comfortably redeem the card without rushing.
For buyers, you’ll now see these specific escrow times listed on the products page so you can choose the offers that best match your preferences and lifestyle. Whether you’re spending the card right away and want a higher discount, or you want to use it later, you have that flexibility now.
Our buyer and seller statistics just got a major upgrade, sellers can now see the exact best times of day to sell, the best rates during those times, and the demand (how many credits the buyers have) as well as the time to sell a card average throughout the day.
These graphs present buyers and sellers with new insights to make your experience on Redeeem event better.
Credits: The credits graph plots the total credits issued to buys on the exchange, so you can get a sense for the growth of the company, and the value that buyers on the platform.
Velocity: This shows how much gift card volume was traded on the platform during the last 2 hours. If you’re a seller or buyer you can use this to get a feel for the best times of day to come trade.
Activity: This graph shows the number of sellers and buyers that are logged into the site throughout the day, typically there are more buyers than sellers, but not everyone who is logged in is ready to buy.
Rates: This graph shows the rates on average through recent history, this gives you a good sense for good times to buy or sell throughout the day.
Speed: This shows how long cards were listed before they were purchased. Keep in mind a few small cards could spike the time listed, so best to combine this graph with velocity to get a sense for the over all buyer demand.
If you have any questions about these features or graphs, please ask we’re happy to help make you successful.
Published at Sat, 16 Nov 2019 16:38:54 +0000
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