in the list of developers I have the least faith & trust in.
Congratulations ArenaNet!
The 5% listing fee is displayed below the projected profit.
I agree it needs to be displayed better, but they don’t lump it all together because the listing fee is paid in advance and is non-refundable but the 10% tax is not charged if you withdraw the listing.
It definitely needs to be made clearer, though I’m not sure the best way to display it.
:edit:
However, I do not support changes to make all transactions profitable. There is already an artificial limitation stopping you selling below vendor price before the 15%. Once it’s clearer it will be a case of “it tells you the charges right there, if you sell for a loss then learn to pay attention next time”.
It’s your own fault you didn’t read and notice that there is a listing fee when you put an item up for sale. That listing fee will be deducted from your current balance regardless if you get a sale or not. The projected profit is what you will get from the TP after you item is sold (it takes into account of the 10% successful sale fee).
So like… you have to… go to the trade post to pick up the money…when it sells…
you have to go to the trading post to pick up the cash. I hope you are still able to buyback those vendor items you trashed….
This is classic. Go to the pickup items tab. Update us when you’ve done that.
It’s your own fault you didn’t read and notice that there is a listing fee when you put an item up for sale. That listing fee will be deducted from your current balance regardless if you get a sale or not. The projected profit is what you will get from the TP after you item is sold (it takes into account of the 10% successful sale fee).
Assuming that the project profit has included all expenses is a reasonable assumption. When you have the computer doing some math, it should be doing all the math.
Why doesn’t it ?
It’s your own fault you didn’t read and notice that there is a listing fee when you put an item up for sale. That listing fee will be deducted from your current balance regardless if you get a sale or not. The projected profit is what you will get from the TP after you item is sold (it takes into account of the 10% successful sale fee).
Assuming that the project profit has included all expenses is a reasonable assumption. When you have the computer doing some math, it should be doing all the math.
Especially when the sales tax isn’t listed anywhere in game.Why doesn’t it ?
Assuming that the project profit has included all expenses is a reasonable assumption. When you have the computer doing some math, it should be doing all the math.
Why doesn’t it ?
As of the last patch it’s ALL there. When you have set up the trade it tells you the projected profit above the sell button including the deduction from taxes.
Assuming that the project profit has included all expenses is a reasonable assumption. When you have the computer doing some math, it should be doing all the math.
Why doesn’t it ?
As of the last patch it’s ALL there. When you have set up the trade it tells you the projected profit above the sell button including the deduction from taxes.
No it isn’t.
Go to list something on the trading post for 1 silver. If it was all there the projected profit would have both the listing fee (5%) and sales tax (10%) subtracted. Meaning projected profit should be 85 copper.
Instead it shows 90 copper. So either the sales tax is changed, or the listing fee is not included.
The concept of projected profit* is simple: Take the total proceeds, then subtract all expenses. The listing fee is a sale expense. Therefore it should be included.
*Lets just ignore that profit might not be the right word, as it fails to include the cost of acquiring the item in the first place.
Lets go through what someone new to GW2 will see with the item they sell for 1 silver:
– They enter 1 silver in the price box.
– They see 90 copper listed as ‘projected profit’
– They see 5 copper listed as the listing fee.
– They click the button to list it. 5 copper vanishes from their inventory.
They have no clue about the sales tax being 10%. All they know is that to get a profit of 90 copper, their net payout would need to be 95 copper to cover the expense of the listing fee. When they get a payout of 90 copper they are justifiably angry because the interface lied to them.
It’s your own fault you didn’t read and notice that there is a listing fee when you put an item up for sale. That listing fee will be deducted from your current balance regardless if you get a sale or not. The projected profit is what you will get from the TP after you item is sold (it takes into account of the 10% successful sale fee).
Assuming that the project profit has included all expenses is a reasonable assumption. When you have the computer doing some math, it should be doing all the math.
Why doesn’t it ?
Because its not there to tell you how much you’ll earn from any transaction. Nowhere did ANet state that the projected profit is going to be profit based on all expenses. It’s only there to inform you about the 10% tax the TP takes when you have a successful sale. The 5% TP fee will be deducted regardless of a successful sale or not and is not considered part of a sale. To avoid confusion the TP gives you both numbers. You’re the one responsible for calculating actual profits, while the TP gives you a ‘projected profit’ off the sale alone.
The game shouldn’t have to hand-hold you. If you want to know how much actual profit you’re making, just subtract your listing fee from the projected profit.
What definition of profit are you working with ?
I’m working with income minus expenses. The listing fee is an expense. Therefore it much be subtracted from your income to get your profit.
Once you have your definition of profit, go ask an accountant what they think of it.
Because its not there to tell you how much you’ll earn from any transaction. Nowhere did ANet state that the projected profit is going to be profit based on all expenses. It’s only there to inform you about the 10% tax the TP takes when you have a successful sale.
How is a new player expected to learn that the listing fee is not included ?
Any answer than involves asking another player means that the interface design has failed. Since the wiki is player written, it also counts as asking another player.
The game shouldn’t have to hand-hold you. If you want to know how much actual profit you’re making, just subtract your listing fee from the projected profit.
I expect the interface to not lie to me. By giving a “profit” figure that doesn’t include the listing fee, it’s lying to me.
I expect that when the game shows my the result of a calculation that it includes all the variables. Not expect me to do it in my head. Especially when one of the variables (sales tax) is hidden from me. Guild Wars 2 is not a game for teaching basic math, so it should not expect me to perform a calculation GW2 could do if ANET changed a single line of code. Just take the current line of code that calculates projected profit and add “-ListingFee” to the end of it.
Showing all relevant information and automatically performing basic math is not hand holding. Hand holding is telling players that they can only sell items when they’d earn more than the vendor price. Which ANET has still managed to screw up.
OP doesn’t know about the pick-up tab on the BLTC.
OP sells tons of materials to the merchant for 1/3rd the price.
OP abandons thread.
Ha! Actually, I don’t know whether to laugh or cry about this.
Someone just lost hundreds of silver pieces by vendoring all his crafting mats because he didn’t realize he had to pick up his trade profits from the trading post…
I love this post.
It’s my most favorite post.
Never have a I laughed at an OP more.
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