Where do the money go?

Where do the money go?

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Posted by: Ronah.2869

Ronah.2869

I have noticed that the TP is taking more then the listing fee from buyers. Why? Is it a bug or this is a so called “hidden tax” as the GW2 economy wants to mimic the real life economy?
I have attached a picture to show it

Attachments:

Where do the money go?

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Posted by: SandraSolace.7682

SandraSolace.7682

From the wiki:"

There are two Trading Post fees, both paid by the seller; they total up to 15% of the total sales price.

A non-refundable listing fee of 5% (minimum 1 ); this is paid when you post and is not returned if you remove the order.
A 10% tax on successful sales; this is deducted from the amount available at pickup.
Although both fees are listed in the trading panel, the “projected profit” only deducts the sales tax, i.e. only the 10% sales tax.
For example, if you offer an item for 1 , the panel will show a projected profit of 90 and a listing fee of 5 , which means you will end up with 85 net profit, if and when the item sells."

It’s supposed to be like that and yes kinda like real life.

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Posted by: Behellagh.1468

Behellagh.1468

As for where it goes, it’s destroyed. It is a way to balance all the ways gold is added to the game world so the total amount of gold in the game doesn’t rise to quickly.

We are heroes. This is what we do!

RIP City of Heroes

Where do the money go?

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Posted by: Roman Legionary.6715

Roman Legionary.6715

Projected profit = After 10% fee. 10% of 20copper = 2; meaning
20-2 copper = 18 copper = projected profit
18 copper is your projected profit. Now there is a 5% fee for listing it. %5 of 20 is 1. 18 copper – 1 = 17.

When you pick up the item from the BLTC, you will receive 18 copper. The listing fee of 1 copper was already taken from your inventory.
Hope that helps.

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Posted by: Buttercup.5871

Buttercup.5871

Now try and sell a “sentinel’s elder inscription”, and dump it in the lowest buy order. See if your calculations still work!

Lowest buy order: 1 silver 18 copper.
Sell product to lowest buy order.
You receive: 1 silver 38!
Your “Items I’ve sold” tab will tell you that you sold the item for 1 silver 56.

Now try “Bowl of Zesty Turnip Soup”.

Lowest buy order: 1 silver 39 copper
Dump item in lowest buy order.
You receive: 1 silver 30!
Your “Items I’ve sold” tab will tell you that you sold the item for 1 silver 44.

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Posted by: Roman Legionary.6715

Roman Legionary.6715

Also, just a reminder to OP. A fee is not the same as profit. A fee is when money is lost, a profit is when money is gained (so you do not do 18(Projected Profit)+1 (Listing FEE =19). It should be 18 (PP) -1 (LF) =17