Don't understand Setting Price Question

Don't understand Setting Price Question

in Black Lion Trading Co

Posted by: Maddav.9605

Maddav.9605

Example….I’ve got an item I want to sell on the black lion board…shows a vendor cost of say 30 bronze….someone has placed a custom order for one at that price….I can’t sell it as the button is gray and says I can’t sell for below vendor value…..I don’t understand

Don't understand Setting Price Question

in Black Lion Trading Co

Posted by: Auliya.9061

Auliya.9061

I’ve seen that too. My guess (just a wild guess) is that the person posted their asking price before they added the rule that we can only list items at least 1 copper above merchant price. When they added that rule, they did not retroactively wipe out any ‘asking price’ instances that would never be fulfilled due to the new rule.

That being said, it’s also true that they (mysteriously, given that it is vital information) do NOT remind buyers of that rule on the ‘Place Custom Order’ screen, nor do they enforce that rule in any other way for buyers as far as I know. So people who have not been exposed to the ‘1 copper above merchant’ rule as a seller… may not realize they are placing orders that will never be filled.

Note also, if you’re new to this forum, that unless you sell at 15% higher than the merchant price, you will lost money. There’s a 5% listing fee (obvious) and also a 10% tax (not noted anywhere in the user interface). That means all the ‘1 Copper Above Merchant Price’ sellers who are driving the marketplace straight into the ground… are also draining away their own silver for the privilege. The only thing we can do right now is make sure everyone knows.

Don't understand Setting Price Question

in Black Lion Trading Co

Posted by: Hippocampus.8470

Hippocampus.8470

Going the other way, you actually need to sell it for about 17.6% above vendor price, because 1/.85 = 1.176. Selling at 15% above will still lose you a couple percent compared to vendoring it.