Is there a Fee for Currency Exchange?
If so what is the fee rate for buying and selling?
When I was trying to buy Gems with 1 gold, I was getting 43. But when i was trying to buy 1 gem i was getting a price 3s 83b. (43Gems x 3s.83b = 1g 65s)
So i don’t understand why buying 43 one by one costs 65 silver more then buying 43 with 1 gold…
The short version is gems -> gold is a lot more favorable than gold -> gems. The reason is to discourage investing in gems (the gem market would need to be inflated by approximately 20% from your buy point to return a profit).
are there figures from GW2 on the fees that they charge for buy and for sale?
I’ve not seen a statement on that, but you can examine the graph and see it’s clearly a solid percentage difference. Some simple maths should be able to work up the precise numbers.
That wasn’t his question. There is no fee for currency exchange, only a difference in value depending on which way you are exchanging.
The reason you may see a different unit price per gem is because the system will not round to the nearest gem for you when you offer an amount of gold. You can, effectively, overpay to get the same number of gems if you don’t type in the exact multiple of the amount of gold required. I’m not sure whether or not the actual transaction will take the extra gold as I’d rather not find out. If so, this could easily cause careless people to overpay and drive up the average price. Yes it is shenanigans. Do the research or just overpay if you’re too lazy, up to you.
@Leablo: I believe it was stated a long time ago that if the amount of gold entered is above what is actually needed to pay for the number of gems displayed, you will only be charged the amount required not the amount entered.
There is a 15% fee calculated into the quote you are receiving, there is no fee beyond that. What you see is what you get.
So there is an invisible fee that is pre-applied to the quote? Huh. I was under the impression that the 30% spread was just something that was enforced by Anet, but it’s actually part of the transaction? So internally the conversion rate is the same either way, but you get 15% taken off in both directions?
@Astraea, that’s good to know, thank you. Now we can all be lazy.
It is just a spread forced by us, but you can look at it as a fee too.
Is there a reason gem>gold is over an exchange instead of through buy and sell offers? I wonder what the formula behind this is, in GW1 the traders were known to have ridiculous prices because the formula made no sense.
If I can’t play Guild Wars 2 at work, I won’t work in Guild Wars 2 either.
Delayed content is eventually good. Rushed content is eternally bad. ~ Shigeru Miyamoto
this huge tax is a simply stupid. When I heard all market features GW2 was taking from eve I was excited. But any game that needs and enforces this huge of a tax obviously doesn’t even come close to eve’s economy. And don’t even get me started on the mystic flush.
It is just a spread forced by us, but you can look at it as a fee too.
Is there a reason gem>gold is over an exchange instead of through buy and sell offers? I wonder what the formula behind this is, in GW1 the traders were known to have ridiculous prices because the formula made no sense.
Yes, many, many good reasons.
I don’t currently have the time to go into the reasons as it’s a vast discussion. I think it may have been discussed some time ago on these forums, I don’t particularly remember.
Yes, many, many good reasons.
I don’t currently have the time to go into the reasons as it’s a vast discussion. I think it may have been discussed some time ago on these forums, I don’t particularly remember.
I’ve never seen this discussion, and this particular topic is one I’m very interested in.
A company by the name of ThreeRings has made several games I’ve liked using a buy/sell order system for their versions of Gems/Gold, and they were met with moderate success. I’ve always wondered why more companies don’t do that, and when I saw how gems/gold were handled here, I was very confused as to why you didn’t do that. It made more sense to me than what you currently have.
It is just a spread forced by us, but you can look at it as a fee too.
Is there a reason gem>gold is over an exchange instead of through buy and sell offers? I wonder what the formula behind this is, in GW1 the traders were known to have ridiculous prices because the formula made no sense.
Yes, many, many good reasons.
I don’t currently have the time to go into the reasons as it’s a vast discussion. I think it may have been discussed some time ago on these forums, I don’t particularly remember.
