Selling Auctions Deducts 2x Listing Price

Selling Auctions Deducts 2x Listing Price

in Black Lion Trading Co

Posted by: Gimped.9846

Gimped.9846

I’ve tested this twice now and it’s true, the AH is taking double what it says it does in listing prices. Here’s my most recent Auction exactly how things went. (I am excluding copper for simplicity sake)

Placed Ruby Orichalcum Earring of the Berserker up for 3g10s Listing Fee 15s.
On collection of this item I received 2g79s. This should have been 2g95s. That’s a 16s difference, if the final numbers are correct the AH should say the listing fee is 27s, not 15s.

Things to note: No I was not selling more than one item at a time and got confused. I sold listen and sold this item without interference with other sales. I failed to take a screenshot of the actual received amount but I will update this thread with one of my next auctions.

Selling Auctions Deducts 2x Listing Price

in Black Lion Trading Co

Posted by: azntrigboi.3150

azntrigboi.3150

From what I understand, in addition to the 5% listing fee, there is a 10% tax upon successful sale. You actually should have gotten 2g64s, but I think something else you put up got sold as well. Anyways, main point is that there’s a tax on top of the listing fee.

Selling Auctions Deducts 2x Listing Price

in Black Lion Trading Co

Posted by: Kyran Foxfire.4139

Kyran Foxfire.4139

There’s a 10% sales tax after the item is sold too.

You beat me to it, az. Also, he recieved 2g79s because he already payed the 5% up front, so it’s 10% down from the list price.

Selling Auctions Deducts 2x Listing Price

in Black Lion Trading Co

Posted by: azntrigboi.3150

azntrigboi.3150

Oh ok. Got it. He received 2g79s but netted 2g64s. Makes sense now. Thanks.

Selling Auctions Deducts 2x Listing Price

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Posted by: Kyran Foxfire.4139

Kyran Foxfire.4139

30% of 3g10s would be 93s.

Selling Auctions Deducts 2x Listing Price

in Black Lion Trading Co

Posted by: Illconceived Was Na.9781

Illconceived Was Na.9781

…3g10s Listing Fee 15s.
…received 2g79s.

  • The listing fee is paid when you post. The 15s came out of inventory.
  • The tax on a 310s sale price is 31s.
  • 310-31 = 279, i.e. it’s working as intended.

Of course, ANet should post all five numbers upfront:

  • Your asking price = 4g 60s
  • Listing fee = 23s (payable now)
  • Sales tax = 46s (payable upon receipt; you will receive 4g 14s at pickup)
  • _________
  • Net earnings = 3g 91s
John Smith: “you should kill monsters, because killing monsters is awesome.”

Selling Auctions Deducts 2x Listing Price

in Black Lion Trading Co

Posted by: Gimped.9846

Gimped.9846

Yes, they should.

Selling Auctions Deducts 2x Listing Price

in Black Lion Trading Co

Posted by: Boogna.5019

Boogna.5019

theres a 5% non refundable to start, and another 10% after sale. total tax is 15%.

Selling Auctions Deducts 2x Listing Price

in Black Lion Trading Co

Posted by: Mexay.4521

Mexay.4521

This is really stupid. There should be no sales tax, or at least let the buyer pay for it, not me. If I sell for 2 gold, I want to receive 2 gold, not 1 gold 80 silver. and have to pay 5 silver.

I don’t understand why SO MUCH is taken out when I have to list it anyway and the buyer pays NOTHING to purchase.

Mexay Lathyre – Level 80 Warrior Greatsword/Longbow

Still waiting on Customer Support. #121025-001252

Selling Auctions Deducts 2x Listing Price

in Black Lion Trading Co

Posted by: Nozgeth.9638

Nozgeth.9638

Well if you want to earn 2 gold then charge 2G 23s for it I guess… The sales tax is a matter of balancing the gold economy, way points are so cheap they can’t be the only common sync. the high sales tax is also there to control speculation and min-max manipulators from “hoarding” wealth, it makes doing business on the TP costly enough to slow their processes down a bit.