(SUGGESTION) Changing who pay's exchange fee.
The seller doesn’t pay the sales tax. The buyer pays it and the seller gets the rest. So the price you are setting as a seller is the price including the sales tax.
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Generally, it’s more efficient to have one party pay any associated fees. Putting the burden on the seller discourages people from asking “too much” on high-value items.
Changing the structure so that buyer and seller each pay half would change a lot of the market’s current dynamics, probably in some good ways but also in some not-so-good ones. I’m not sure it would be worth the investment in development time (plus testing) and educating the community. I’d also expect that the fee would rise to maybe 3% each (instead of 5% total), to account for the reduction in the amount of gold sunk on each transaction.
And as Behellagh notes, the buyer already pays the 10% sales tax; the seller needs to know that amount so they understand why they won’t be receiving 100% of the listed price, not because they (the seller) is paying it.
John Smith: “you should kill monsters, because killing monsters is awesome.”
It’s done the way it is because it’s the most clear. Mathematically it doesn’t make any difference how you slice the accounting.
The seller doesn’t pay the sales tax. The buyer pays it and the seller gets the rest. So the price you are setting as a seller is the price including the sales tax.
Not directly no. But you could say that the seller dose pay that exchange fee. Example. Say you have a rare in game item and you want to sell it for 100 gold. 100 gold is what you want for that item. the listing fee comes from your bank and that mean that you should get the 100 gold that you listed the item for or what you wanted for that item. So. If you list it for the 100 gold and the buyer pays 100 gold, are you going to be getting the 100 gold you wanted for the item? No. Why? Cause some of what you wanted for that item has to go to the exchange fee meaning that I had to pay the exchange fee in a manner of speaking. This is why I think the buyer should have to pay that exchange fee on top of the listed price of the item, namely the 100 gold plus the fee. that way I get what I wanted for the item. So do you see were I’m coming from here. In a manner of speaking I the seller am paying the exchange fee in the form of some of what I’m asking for the item. That’s what I would like to see change.
The seller doesn’t pay the sales tax. The buyer pays it and the seller gets the rest. So the price you are setting as a seller is the price including the sales tax.
Not directly no. But you could say that the seller dose pay that exchange fee. Example. Say you have a rare in game item and you want to sell it for 100 gold. 100 gold is what you want for that item. the listing fee comes from your bank and that mean that you should get the 100 gold that you listed the item for or what you wanted for that item. So. If you list it for the 100 gold and the buyer pays 100 gold, are you going to be getting the 100 gold you wanted for the item? No. Why? Cause some of what you wanted for that item has to go to the exchange fee meaning that I had to pay the exchange fee in a manner of speaking. This is why I think the buyer should have to pay that exchange fee on top of the listed price of the item, namely the 100 gold plus the fee. that way I get what I wanted for the item. So do you see were I’m coming from here. In a manner of speaking I the seller am paying the exchange fee in the form of some of what I’m asking for the item. That’s what I would like to see change.
So do you suggest that the buyer pays the exchange fee before or after the trade is made?
If he has to pay it before and he makes a bid of 100g for your item, 10g will be the listing fee and you still only get 90g for it from him.
If he has to pay it afterwards, how do you make sure that the buyer has the gold for the fee?
Tin Foil [HATS]-Hardcore BLTC-PvP Guild
Bloin – Running around, tagging Keeps, getting whack on Scoobie Snacks.
Bloin – Running around, tagging Keeps, getting whack on Scoobie Snacks.
The seller doesn’t pay the sales tax. The buyer pays it and the seller gets the rest. So the price you are setting as a seller is the price including the sales tax.
Not directly no. But you could say that the seller dose pay that exchange fee. Example. Say you have a rare in game item and you want to sell it for 100 gold. 100 gold is what you want for that item. the listing fee comes from your bank and that mean that you should get the 100 gold that you listed the item for or what you wanted for that item. So. If you list it for the 100 gold and the buyer pays 100 gold, are you going to be getting the 100 gold you wanted for the item? No. Why? Cause some of what you wanted for that item has to go to the exchange fee meaning that I had to pay the exchange fee in a manner of speaking. This is why I think the buyer should have to pay that exchange fee on top of the listed price of the item, namely the 100 gold plus the fee. that way I get what I wanted for the item. So do you see were I’m coming from here. In a manner of speaking I the seller am paying the exchange fee in the form of some of what I’m asking for the item. That’s what I would like to see change.
So do you suggest that the buyer pays the exchange fee before or after the trade is made?
If he has to pay it before and he makes a bid of 100g for your item, 10g will be the listing fee and you still only get 90g for it from him.
If he has to pay it afterwards, how do you make sure that the buyer has the gold for the fee?
It would not be done before nor after. It would be done during. Example. your browsing though the trading post. you see the item selling for 100 gold and you like that item. you then click on it and in there it would show the item listing price of 100 gold. Then just like how the have the exchange fee on the left for sellers it would be like that for the buyers minus the listing fee and then the total to buy that item, 110 gold is what you would pay to check out.
The seller doesn’t pay the sales tax. The buyer pays it and the seller gets the rest. So the price you are setting as a seller is the price including the sales tax.
Not directly no. But you could say that the seller dose pay that exchange fee. Example. Say you have a rare in game item and you want to sell it for 100 gold. 100 gold is what you want for that item. the listing fee comes from your bank and that mean that you should get the 100 gold that you listed the item for or what you wanted for that item. So. If you list it for the 100 gold and the buyer pays 100 gold, are you going to be getting the 100 gold you wanted for the item? No. Why? Cause some of what you wanted for that item has to go to the exchange fee meaning that I had to pay the exchange fee in a manner of speaking. This is why I think the buyer should have to pay that exchange fee on top of the listed price of the item, namely the 100 gold plus the fee. that way I get what I wanted for the item. So do you see were I’m coming from here. In a manner of speaking I the seller am paying the exchange fee in the form of some of what I’m asking for the item. That’s what I would like to see change.
So do you suggest that the buyer pays the exchange fee before or after the trade is made?
If he has to pay it before and he makes a bid of 100g for your item, 10g will be the listing fee and you still only get 90g for it from him.
If he has to pay it afterwards, how do you make sure that the buyer has the gold for the fee?
It would not be done before nor after. It would be done during. Example. your browsing though the trading post. you see the item selling for 100 gold and you like that item. you then click on it and in there it would show the item listing price of 100 gold. Then just like how the have the exchange fee on the left for sellers it would be like that for the buyers minus the listing fee and then the total to buy that item, 110 gold is what you would pay to check out.
How do you suggest this to work for buy orders?
Tin Foil [HATS]-Hardcore BLTC-PvP Guild
Bloin – Running around, tagging Keeps, getting whack on Scoobie Snacks.
Bloin – Running around, tagging Keeps, getting whack on Scoobie Snacks.
The current system is simpler. And works like real life examples of the system. For example ebay. Seller pays a fee to list an item for sale and upon sale of that item seller pay a fee based on the total sale price of the item. And most people listing stuff for sale like that take the fees into consideration when pricing the item so they can get their desired income from the item.
So in essence the buyer is paying that fee because the seller, if doing due diligence when listing, has increased the price of the item by the amount of the fees so he/she gets the desired income from the item. For example lets look at ecto. If the desire is to get 40s income from selling one ecto it needs to be listed for 46s. Seller pays 5% (2s) at listing time, buyer pays 46s for the one ecto (4s [10%] of that is the sale completed fee) the remaining amount of 42s is sent to the seller and the seller nets 40s because he/she already spent 2s to list the ecto.
Well you’re close. Seller wants 40s profit must sell for 47.06s. Seller pays 2.35s to post. Buyer pays 4.71s in sales tax. Seller gets 47.06s – 2.35s – 4.71s = 40s.
You divide by 0.85, not multiply by 1.15. Selling at 46s will only net him 39.1s.
Yes I’m being pedantic.
We are heroes. This is what we do!
RIP City of Heroes
RIP City of Heroes
Ultimately, it doesn’t matter who you think of as paying the tax—however the fees are presented, the end result is the same. If I list an item for 100G, and the buyer has to pay 115G to buy it (15% tax,) there’s no real difference from me listing the item for 115G, because I want 100G profit for it and there’s a 15% tax. They pay the same amount, and I get the same amount. I just have to think about it more, as the seller.
Personally, when I go real-world shopping, I’m irritated by the way prices are shown exclusive of sales tax almost all the time. It’s usually a small amount, but if I’m buying something larger, it’s not insignificant. ($15 on a $250 tech item, for example.) I occasionally wish, unrealistically, that prices would be presented to me including the total cost with taxes up front, so I could simplify the “what is it worth to me” consideration.
GW2’s system does that, by putting all the tax considerations on one party, and I prefer it that way. People might not love having to adjust their sales numbers for projected profit, but there’s no good reason to hassle both sides with it.
(Unlike the real world, where it’s just not as feasible as it is in-game, for many reasons.)
~The Storyteller – Elementalist – Jade Quarry~
The sale fee doesn’t specifically target either side of the transaction. The seller pays X more, and the buyer receives X less. The tax affects both sides.
The listing fee is the only one that affects a single side, and this is only to discourage use of the TP as an infinite bank.
I admit I concur, have heard the arguments but it still feels off that the seller pays both fees. As I have said in other threads if an order is placed as a buy then the listing fee should be paid by the buyer not the seller. This does drive the price down but it devalues the time that the player spent in RNG world on finding or making said item if someone can just say nah it’s only worth half that and then the seller is still penalized. Cash is king but this is by far a buyer’s market, balance it back out some and give a little more value back to the player bringing goods to market. The coin will still come out of game either way, just reduce the power of a buy versus sell order some. 2 cents.
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De Mortuis Nil Nisi Bonum.
De Mortuis Nil Nisi Bonum.
The seller doesn’t pay the sales tax. The buyer pays it and the seller gets the rest. So the price you are setting as a seller is the price including the sales tax.
Not directly no. But you could say that the seller dose pay that exchange fee. Example. Say you have a rare in game item and you want to sell it for 100 gold. 100 gold is what you want for that item. the listing fee comes from your bank and that mean that you should get the 100 gold that you listed the item for or what you wanted for that item. So. If you list it for the 100 gold and the buyer pays 100 gold, are you going to be getting the 100 gold you wanted for the item? No. Why? Cause some of what you wanted for that item has to go to the exchange fee meaning that I had to pay the exchange fee in a manner of speaking. This is why I think the buyer should have to pay that exchange fee on top of the listed price of the item, namely the 100 gold plus the fee. that way I get what I wanted for the item. So do you see were I’m coming from here. In a manner of speaking I the seller am paying the exchange fee in the form of some of what I’m asking for the item. That’s what I would like to see change.
So do you suggest that the buyer pays the exchange fee before or after the trade is made?
If he has to pay it before and he makes a bid of 100g for your item, 10g will be the listing fee and you still only get 90g for it from him.
If he has to pay it afterwards, how do you make sure that the buyer has the gold for the fee?
It would not be done before nor after. It would be done during. Example. your browsing though the trading post. you see the item selling for 100 gold and you like that item. you then click on it and in there it would show the item listing price of 100 gold. Then just like how the have the exchange fee on the left for sellers it would be like that for the buyers minus the listing fee and then the total to buy that item, 110 gold is what you would pay to check out.
How do you suggest this to work for buy orders?
Well, that is a good question. I think it would go something like this. We all know that the exchange fee is 10% of whatever amount is keyed in right? So it would still work the same way. If said item is selling for 100 gold and you place a order for 80 gold, in that same spot where the exchange fee would be, it would say, Exchange Fee 8 gold. (10% of 80 is 8 right) So you would pay 88 gold for said item and so on and so forth. The only difference being, as a buyer the fee wouldn’t be charged until the item was fully bought, this way you could still remove it without being charged the fee if you had to readjust for price adjustments.
(edited by Lord Voldemort.6189)
The current system is simpler. And works like real life examples of the system. For example ebay. Seller pays a fee to list an item for sale and upon sale of that item seller pay a fee based on the total sale price of the item. And most people listing stuff for sale like that take the fees into consideration when pricing the item so they can get their desired income from the item.
So in essence the buyer is paying that fee because the seller, if doing due diligence when listing, has increased the price of the item by the amount of the fees so he/she gets the desired income from the item. For example lets look at ecto. If the desire is to get 40s income from selling one ecto it needs to be listed for 46s. Seller pays 5% (2s) at listing time, buyer pays 46s for the one ecto (4s [10%] of that is the sale completed fee) the remaining amount of 42s is sent to the seller and the seller nets 40s because he/she already spent 2s to list the ecto.
Bad example. Ebay had a big controversy about there excessive use of fee’s. Enough so that it made the news. I also protest Ebay for doing that same practice as well. I will never sell anything on Ebay ever again until this is changed. Yes I understand that it may never change. However, that just means that I’ll never sell on Ebay ever again.
(edited by Lord Voldemort.6189)