ETH Deposits are now accepted on OPSkins! We’ve offered ETH cashouts for a few months now, but this addition enables you to deposit ETH, pay for items with ETH, view item prices in ETH, and also accept ETH as payment for the items you sell on the OPSkins Marketplace.
How to Deposit ETH on OPSkins:
To get started, you will first need to go to your Account Page and then click View Account Balances. You will then see your balance for ETH and WAX.
To deposit ETH, click the + sign next to ETH and then follow the instructions provided in the pop-up window.
How to Accept ETH as Payment on OPSkins:
In addition to cashing out to ETH, you can now choose to accept ETH as payment for item sales. What’s the difference between the two, if you end up with ETH at the end regardless of which option you choose? Let’s explain:
- If you accept payment for an item in ETH, you are credited the amount of ETH (minus commission) into your OPSkins ETH wallet. So let’s say you sell an item and receive 1 ETH as your earnings which at the time is worth $600. If the price of ETH goes up to $1,000, your $600 sale will now be worth $1000. The opposite is also true, so if the price of ETH goes down to $500, your $600 sale will be worth $500.
- If you accept payment for an item in USD and then wait to cashout to ETH, you will receive the amount of USD (minus commission) into your OPSkins Wallet Funds. So let’s say you sell an item and receive $600 as your earnings, and at this time ETH is worth $600. A month later, ETH is worth $1000 and you choose to cashout to ETH. Even though the price of ETH increased, you will receive $600 in ETH because you had $600 in your OPSkins Wallet Funds. The opposite is also true, so if the price of ETH goes down to $300 and you cashout, your $600 item sale will earn you 2 ETH whereas a month earlier it would have been 1 ETH.
By default, the proceeds from item sales will be deposited to the sellers OPSkins Wallet Funds and converted to USD, so if you wish to accept ETH as a payment method you must indicate this by checking the box next to “Accept ETH” on your Currencies Accepted settings on your Account page. The buyer must pay in ETH for you to receive ETH as a payment method. If the buyer chooses to pay in USD, you will receive USD in your OPSkins Wallet Funds, not ETH. Accepting USD is a default setting.
How to View and Pay for items with ETH on OPSkins:
You can choose whether you wish to view item prices in ETH, WAX or just plain old USD. To change this, visit your Account page > Advanced Options > Show Cryptocurrency Price and select ETH from the drop down. To pay for items with ETH, you will have the option to “Pay with Cryptocurrency?” in your shopping cart. Select ETH here.
ETH deposits are one of the many cryptocurrency options available on OPSkins. You can also pay bitcoin, cashout to bitcoin, deposit WAX, and withdraw WAX. Bitcoin deposits can be made on the Add Funds page, and bitcoin cashouts can be submitted on the Cashouts page. WAX deposits and withdrawals are the same process as ETH. Some limits to cryptocurrency transactions may apply, contact support for details.
What other cryptocurrency options would you like to see added to OPSkins.com?