Diamonds from auction house

Diamonds from auction house

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Posted by: mamourrir.9641

mamourrir.9641

I accidently bought 91 diamonds for 1 gold coin. Now when I try to sell them back it they offer me like 60 silver. What’s going on seriously.
I think i just got kitten.

Diamonds from auction house

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Posted by: Blazing Rathalos.1904

Blazing Rathalos.1904

There’s a tax on exchanging currencies.

Probably has something to do with avoiding people speculating with the exchanges too much. It’s also a goldsink.

Then again, I’m not Arenanet, and everything in
the above post could be complete and utter nonsense.

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Posted by: GOSU.9574

GOSU.9574

15% to sell, 15% to buy. Enjoy.

Hey dude you are walking into a wall.

smack..Wut?…smack…smack…

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Posted by: Keiran.1896

Keiran.1896

First, I think that you’re talking about gems.

Every time you trade gems for gold or gold for gems, a percent of the money (gold or gems) you give is wasted, like when you pay a few silver to post something on an Auction House.

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Posted by: mamourrir.9641

mamourrir.9641

Well I understand the 15% to sell… but what the hell is 15% to buy.

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Posted by: Aevin.2391

Aevin.2391

When you exchange gold for gems, you are “selling” your gold and paying a 15% selling fee. Similarly, when you exchange gems for gold, you are “selling” your gems for gold and paying the 15% fee as well, which is what causes the gap between the two exchange rate prices.

As I understand it, in normal Trading Post transactions, the goods are bought directly from another player. In the currency exchange, however, the gems and gold are “sold” to a server that acts as a third party. Since the server acts as the buyer in all transactions, and the player acts as the seller, the player pays the 15% fee on each conversion, regardless of the direction (gold to gems or gems to gold).

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Posted by: Shpongle.6025

Shpongle.6025

theese days it’s silly, i’m not buying till its 20s for 100 gems again

Are you Shpongled?