BLTP is a rip-off

BLTP is a rip-off

in Black Lion Trading Co

Posted by: MoggyLXIX.2891

MoggyLXIX.2891

I recently sold an item on the TP for 20,1,1, the listing fee was 1 gold something. I noticed that the listing fee was taken from the (lets say cash) funds that the character was carrying. However when I went to the TP to collect the funds the same amount was missing from the selling fee. If a price is given for the listing fee, why is it taken from both funds on hand and the selling price?
I have noticed this a few times when selling items on the TP, but this was the first time I decided to calculate the difference. Is this something that is known?

Ours is not to question why, ours is but to do and die

BLTP is a rip-off

in Black Lion Trading Co

Posted by: Karizee.8076

Karizee.8076

There is a 5% listing fee, then when the item sells there is another 10% transaction fee deducted.

BLTP is a rip-off

in Black Lion Trading Co

Posted by: Mystic.5934

Mystic.5934

it’s the tax to use it. the UI is very misleading.
Unit Price is how much the buyer has to pay for each item you’re selling
Quantity is how many you are selling
Projected Profit is how much you will get when the item sells. floor(Unit Price * 0.9) final sale tax of 10%
Listing fee is how much it costs you to list the item(s). ceil(Unit Price * 0.05) it costs 5% of the total to list the item. If you relist, this is not returned, so it’s there to make sure you are selling it for a price you think it will sell at.
Actual profit will be about Unit Price * Quantity * 0.85
There are some situations where actual profit is less than this. With small values (especially below 10c), because of flooring (where 1.9 is rounded to 1) the taxes will be higher than advertised.

It’s just a cost of using that you need to take into account when selling stuff and investing.

BLTP is a rip-off

in Black Lion Trading Co

Posted by: Vol.5241

Vol.5241

The BLTC is not a rip off, it’s charging a ‘service fee’ which really is considered a gold sink in game economic terms.

If you think you are getting ripped off, I suggest you conduct your transactions in direct trades but also assume all the risk…

Or wait for the consortium to show up

[Permabanned on Forums]
[Currently Inactive, Playing BF4]
Magic find works. http://sinasdf.imgur.com/

BLTP is a rip-off

in Black Lion Trading Co

Posted by: Geotherma.2395

Geotherma.2395

In some games the fees go back to players who own that town etc. Be glad our fees are a sink, and not a huge cause of inflation.

Intel i7 3.9ghz processor 16GB Ram 2TB HDD
Nvidia GTX 650 Win 7 64bit FFXI 4+yrs/Aion 4+ years Complete Noob~ Veteran OIF/OEF
http://everyonesgrudge.enjin.com/home MY GW2 Music http://tinyurl.com/cm4o6tu