[BUG] Trading Post listing fee

[BUG] Trading Post listing fee

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Posted by: Lathia.8430

Lathia.8430

I was attempting to make more gold off of merchanting items off the exhange and sell them at higher prices. What I thought to have found was that Arenanet was preventing users from doing this by charging a sale fee. I kept doing it to find that there is actually a bug. When you list a mass quantity of items, for me it was unidentified dyes, at anything over 20 copper listing fee it will double charge you for the total listing fee. I know I was selling 3 gold worth of dye for a 1 and a half gold profit and actually was goiong negative half a gold. I could not figure it out for the life of me until I realized it.

Can anyone tell me exactly what all the fees are though so I can do it mathematically. Otherwise, I am sure it is double charging if not triple charging the listing fee. I do believe there is a sales fee also.

[BUG] Trading Post listing fee

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Posted by: Razgriz.7319

Razgriz.7319

I’m not exactly sure what you’re trying to identify as a bug.

When you’re selling something, the trading post will charge you 5% of your Total Listed Price to make the listing. If you actually make the sale, the trading post then charges you an additional 10% of your listed price. The total trading post fee for a successful transaction is 15%.

For example, if you are trying to sell 10 of “Item A” for 50 copper each, the Total Listed Price for that sell order is 10 × 50c = 500 copper = 5 silver.

The trading post will charge you 5% upfront. 500c x 0.05 = 25c.

If you manage to make the sale, the trading post will charge you an additional 10%. This amount is deducted from your profits.

So, you will make 500c. The trading post cut is 500c x 0.1 = 50c.

The amount you will see in the pickup tab is 500c – 50c = 450c = 4 silver, 50 copper.

~ 80 Elementalist

(edited by Razgriz.7319)

[BUG] Trading Post listing fee

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Posted by: Vinticus.9768

Vinticus.9768

Same here, I am ready to quit.
Do you think players are doing an exploit or its truly a tax bug?
Either way I have been ripped off big and dont even want to play anymore.
Sold 7s worth of stuff and only got 2s…one item i listed at 4s !!!!

[BUG] Trading Post listing fee

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Posted by: Phaze Delta One.2834

Phaze Delta One.2834

nevermind. wrong thread.

[BUG] Trading Post listing fee

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Posted by: Masterpyro.4310

Masterpyro.4310

Same here, I am ready to quit.
Do you think players are doing an exploit or its truly a tax bug?
Either way I have been ripped off big and dont even want to play anymore.
Sold 7s worth of stuff and only got 2s…one item i listed at 4s !!!!

This game not being subscription based, your “im going to quit” threats don’t really increase the speed at which they get to your issue. No one is exploiting its just an issue with how they are processing trades. They will look into it eventually, no need to ragequit. Every piece of software has bugs.

[BUG] Trading Post listing fee

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Posted by: Lathia.8430

Lathia.8430

What the bug is, is the trading post is charging 20% sales tax. In the case of me buying dyes at 5 silver and ten copper and turning them around at 6 silver and about 20 copper I was losing. My estimation of money made was 17 copper each. I found this by multiplying 6.2 by .15. So in reality the sale tax was .93. Which means I’m making 17 copper for a 1.1 silver increase. Although, I was calculating my gold loss out of this process. On every transaction I was losing 14 copper. Now I was dumbfounded and thought it was double listing but infact was being charge 20%. From the difference between 6.2 and 5.1 with a 20% sales tax is a tax of 1 silver and 24 copper. So every sale is shorted 14 copper which makes it unprofitable. It actually makes selling anything on the trading post unprofitable unless you find it. Which is pretty lame. Though this may be A-nets intention to prevent merhanting, it is also them being dishonest about it being 15%. I do trust them though because they have never shown a reason to not trust them whic is why it is a bug.

[BUG] Trading Post listing fee

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Posted by: Backstabber.4182

Backstabber.4182

The main issue is that there is no trade system. The reason that Arenanet has given is to avoid scams, however to sell anything to the trading post (if anyone wants to even buy it) you do get ripped off. With the 5% listing fee and 10% retrieve fee, it’s ridiculous. Another thing is that people will start turning to mailing to trade, which will result in even more scamming that a secure trading system ever could. All I can say is that Arenanet’s alleged “scam-proof” method is a failure, and I do hope to see it changed in the future.