Broken? Or am I confused?

Broken? Or am I confused?

in Black Lion Trading Co

Posted by: RLHawk.3290

RLHawk.3290

Q:

So, I crafted an 18 slot bag. It cost me roughly 2 gold, 2 silver. The lowest seller was selling for 2 gold 20 silver, 98 copper so I put mine on sale for 2 gold, 20 silver, and 97 copper. A few hours later, I checked my transactions, and it had sold, but I only got 2 gold, 1 silver, and a few copper. And it wasn’t the posting cost either, because that came out if my inventory the instant I put it up. I tried it again with the same results. So instead of a profit, I made a significant loss from the almost 12 silver listing fee. No big deal if I’d done it myself, but I shouldn’t have got less money than I posted it for.

tl;dr: I listed an item for something and someone apparently bought it for less than I listed it for, making me loose money.

IGN: Elvendir (Elementalist)
Sea of Sorrows

Broken? Or am I confused?

in Black Lion Trading Co

Posted by: MOITAPCHOI.9075

MOITAPCHOI.9075

A:

I have no what idea what post Mr Zablinx read or what he was answering. EDIT: Okay after reading his post again he answered why it might have been so cheap in the first place.

The Trading Post changes a fee to list the item and a fee when the item is sold. It suck’s I know, but that is just they way they work. You have to factor in I think the over all 15% fee to list and sell (I think list is 5% and selling is 10%, but I could be wrong).

My advice would also to be to watch items (any) for maybe a week or so to find the high times to sell them. I assume people with things that sell quick such as ore will post a couple for say 20% less then new people go to sell and just do it for the same amount. This allows people to buy (offer) at almost 1s cheaper than they are selling for. The reason I bring this up is maybe that person wanted to get rid of it or maybe other people kept underbidding so it lowered the price drastically.

Broken? Or am I confused?

in Black Lion Trading Co

Posted by: Mr Zablinx.7239

Mr Zablinx.7239

Think of it as an auction house: when someone puts an item up, two people will constantly raise the price so the other can’t buy it. It’s the same with the trading post but in the opposite direction: the lower you put your item at, the better chance it has of actually selling. Chances are someone put the item for lower then you did, which drove its actual selling price down. Just my theory.

Broken? Or am I confused?

in Black Lion Trading Co

Posted by: RLHawk.3290

RLHawk.3290

So someone else selling for less makes mine sell for less?

IGN: Elvendir (Elementalist)
Sea of Sorrows

Broken? Or am I confused?

in Black Lion Trading Co

Posted by: RLHawk.3290

RLHawk.3290

Ah. Well, that at least explains it — I didn’t know about the 10% fee when the item sells. And that is pretty much exactly what I’m seeing.

Just odd — I guess it takes money out of the economy to prevent inflation. It just makes it that much more difficult to calculate what would actually bring a profit.

IGN: Elvendir (Elementalist)
Sea of Sorrows