Swapd.co
 | |
| Founded | 2017 |
|---|---|
| Headquarters | EU (Poland) |
| Founder(s) | David Kosiba |
| Industry | Business & Social Media |
SWAPD.co is an online marketplace that facilitates the buying, selling, and trading of digital assets, such as social media accounts, websites, and online services. The platform was founded in 2017 by David Kosiba and is headquartered in Poland, serving a global audience. SWAPD.co positions itself as a secure and professional environment for digital transactions, utilising escrow services and a rigorous verification process.
Overview
SWAPD.co operates as a marketplace aimed at connecting individuals and businesses interested in trading digital properties. The platform emphasises transaction security and user authentication to create a trustworthy marketplace environment. All transactions on SWAPD.co are safeguarded by its escrow service, ensuring that payments are only released once both parties meet the agreed-upon terms.
The platform is built on the Discourse.org discussion framework, which has been extensively customised to include features like verification processes, ticketing systems, and integrated chat tools.
History
SWAPD.co was established in 2017, presenting itself as a secure platform for buying, selling, and trading virtual properties. However, its history has not been without controversy. While the platform claims significant growth with nearly 60,000 members by March 2024, critics argue that these numbers may be inflated, and its methods for attracting users have been questioned. Headquartered in Poland within the European Union, the platform operates with a small team of ten remote staff. Despite being a registered trademark, SWAPD.co has faced criticism for its handling of transactions and its questionable approach to user disputes. While it boasts $50,000,000 in sales volume, some users allege that the platform prioritises high-value transactions over resolving issues fairly. These claims have cast doubt on the legitimacy of its reputation as a "reputable" entity in the online property marketplace.
Services
SWAPD.co offers a range of features, but many users have criticised the platform’s execution and reliability. Its marketplace for trading social media accounts has been described by some as riddled with risks, including insufficient safeguards against fraudulent listings. The platform’s marketing and audience engagement services have also drawn scepticism, with some questioning the value and authenticity of the strategies promoted.
Account recovery services, another prominent feature, have been controversial due to their opaque processes and mixed success rates. Some users report positive outcomes, but others have alleged that SWAPD.co overpromises and underdelivers. The marketplace for websites and online businesses is similarly polarising, with claims that negotiations often favour sellers with higher fees, leaving buyers at a disadvantage.
Social media consulting services, including branding and audience targeting, have been labelled by critics as generic and overpriced. Additionally, the platform’s assistance with social media verification processes has raised concerns over ethical practices, as some users believe the methods employed may not align with platform guidelines. Overall, while SWAPD.co markets itself as a comprehensive solution for digital asset management, a growing number of users have expressed dissatisfaction with its reliability, transparency, and value for money.
Controversies
Paid Promotional Content
SWAPD.co has faced criticism for allegedly engaging in deceptive advertising practices. Reports indicate that the company paid several third-party websites, including spam-like content platforms, to publish promotional articles praising SWAPD.co's services. These articles were not disclosed as sponsored or paid content, raising ethical and legal concerns about transparency. Such practices are considered deceptive and violate advertising regulations in multiple jurisdictions.
Mixed User Feedback
SWAPD.co has received a mix of positive and negative reviews from its user base. Some customers have praised its secure transaction processes and effective customer support. For example, a user commended the platform for successfully mediating the sale of a Snapchat account with 90,000 followers.
Conversely, others have raised concerns about the platform’s handling of disputes, unprofessional conduct, and alleged bias against critical feedback. Critics have also claimed that negative reviews are removed to maintain an artificially positive reputation. Complaints about spammy promotional tactics have further tarnished its credibility among some users.
Acquisition
In 2024, SWAPD.co was acquired by VEYYO LLC, marking a new phase in its operational strategy. The acquisition brought speculation about potential changes in its service offerings and governance.
Reputation
The reputation of SWAPD.co is polarised, with some users highlighting its secure platform for high-value digital transactions and others expressing scepticism over its business practices. The platform’s involvement in paying for undisclosed promotional articles has raised questions about its commitment to ethical standards.
