Double Taxation in Lion Trade?

Double Taxation in Lion Trade?

in Black Lion Trading Co

Posted by: Yiasmath.3190

Yiasmath.3190

Hello everybody.

Yesterday I sell an item on Lion Trade, paid the cost value to add the item to sell, and the value of the item is 90% of what I sold.

The item was exactly 20silvers, put paid 2silver and received 18silver on sale.
In short: I paid 4silver to sell an item of 20silver. Could someone explain to me if it was a bug or if it’s like that lion in sales trade?

Thanks.

Double Taxation in Lion Trade?

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Posted by: gimmethegepgun.1284

gimmethegepgun.1284

You paid 3s, not 4s. There is a 5% listing fee for putting the item up for sale, then 10% fee on the sale.

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Posted by: Rising Dusk.2408

Rising Dusk.2408

If an item is 20s, you pay 5% of that to list it, which is 1s. Then, if/when the item sells, you pay a selling fee of 10% of the selling price, which is an additional 2s. Thus, the total tax you see for an item listed at 20s is 3s.

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Posted by: eXs.6210

eXs.6210

Been like that all the time… I was really mad at it before because they say that the fee is only 5%… but I think there is also a 5% tax on top of that… so it ends up being 10%… that’s my understanding but I can be wrong…

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Posted by: Nay of the Ether.8913

Nay of the Ether.8913

Been like that all the time… I was really mad at it before because they say that the fee is only 5%… but I think there is also a 5% tax on top of that… so it ends up being 10%… that’s my understanding but I can be wrong…

It’s a 5% to list and an additional 10% upon selling, the 10% is never listed, just automatically removed upon sell and is a ninja fee. It’s always been there.

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Posted by: eXs.6210

eXs.6210

Got it ether… thank you that cleared it up!

Double Taxation in Lion Trade?

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Posted by: Behellagh.1468

Behellagh.1468

Well the 10% fee is factored into the profit number you see before you hit sell. You have to notice the 5% listing fee which is displayed but not factored into the profit number since you pay that regardless.

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Double Taxation in Lion Trade?

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Posted by: Yiasmath.3190

Yiasmath.3190

hmmm, interesting fact, so basically you receive 85% when you sell a item in Lion Trade?

Thanks for the help.

Double Taxation in Lion Trade?

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Posted by: Behellagh.1468

Behellagh.1468

hmmm, interesting fact, so basically you receive 85% when you sell a item in Lion Trade?

Thanks for the help.

Yes, but you have to have the 5% just to use the TP. And that 5% is non refundable. Pull the item and then list it at a lower price, another 5% please.

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