Is ShadowPay Legit? | ShadowPay Detailed Information
ShadowPay is a prominent P2P marketplace for Steam items, specifically focusing on CS2, Rust, and Dota 2 skins. Established on January 15th, 2021, and headquartered in Geylang, Singapore, the platform has quickly gained a reputation for its trustworthiness and user-friendly interface.
Security and Trust: Is ShadowPay Legit?
ShadowPay prioritizes user security with advanced protection measures, ensuring all transactions are safe. The platform boasts a 4.1-star rating on Trustpilot from 633 reviews, underscoring its reliability. Despite being relatively new, ShadowPay has established itself as a trustworthy marketplace in the gaming community.
Operational Details
ShadowPay operates as a P2P marketplace, allowing direct trades between users' Steam inventories. This model offers the advantage of listing items on multiple marketplaces without needing to deposit them into a single marketplace. However, manual trade approval by sellers can cause delays for buyers, impacting the overall experience.
Payments & Withdrawals
ShadowPay charges a 5% transaction fee per sale, which is lower than the 15% fee on the Steam Community Market but higher than some other third-party marketplaces. The platform supports various payment methods, including Visa, Mastercard, Skrill, Neteller, Trustly, UnionPay, Bitcoin, Ethereum, and Litecoin. Payouts are processed through Visa and Tipalti.
Buying
To buy skins on ShadowPay, users should first set their Steam Inventory to public and link their Steam Trade URL. After logging in, buyers can browse the market, select skins, and proceed to checkout using the funds in their ShadowPay wallet. Items are delivered via Steam trade offers once the seller approves the trade.
Selling
Selling skins on ShadowPay involves listing items from the user's Steam inventory at desired prices. The platform notifies sellers of purchase requests, who then have five minutes to approve the trade. Upon completion, funds are deposited into the seller's ShadowPay wallet, which can be withdrawn via Visa or Tipalti.
Cashing Out
ShadowPay offers limited cash-out options, primarily through Visa and Tipalti. Users must verify their accounts to enable withdrawals, which are processed without additional commission fees.
Exclusive Perks: Free Skins, Bonuses, Promo Codes & Giveaways
ShadowPay does not currently offer standard welcome bonuses, referral programs, or loyalty rewards. However, the platform occasionally runs promotions and giveaways during major gaming events and esports tournaments, providing users with special discounts and opportunities to win rare skins.
Market Statistics
With over 241.1K monthly visits and a diverse inventory of 15,122 items, ShadowPay facilitates approximately 236K offers at any given time. The total value of available skins on the platform is around $4.3 million, indicating a robust and active trading environment.
Support and Community
ShadowPay offers comprehensive customer support through live chat, email, and a detailed FAQ section. The platform maintains active engagement with its community via social media channels like Twitter, Facebook, Instagram, Discord, and VK, fostering a vibrant and informed user base.
Additional Features
The ShadowPay extension, available on the Chrome Web Store, enhances the trading experience by automating transactions and providing added security. The intuitive user interface ensures that even new traders can navigate and utilize the platform effectively.
Legal and Regulatory Compliance
Operated by Amazing Place PTE. Limited, ShadowPay adheres to relevant legal and financial regulations, ensuring a secure and compliant trading environment. The platform's commitment to lawful operations further reinforces its reliability.
Pros & Cons
Pros:
- Lower transaction fees compared to the Steam Community Market.
- Convenient P2P trading system.
- Wide range of payment methods.
- User-friendly interface and automation tools.
Cons:
- Higher transaction fees than some third-party marketplaces like BUFF163.
- Longer selling times due to a lower active user count.
- No built-in screenshot tool for item inspection.
- Limited support for games beyond CS2, Rust, and Dota 2.
- No instant sell feature.
