Interesting that no RMAH for 2 weeks. Kind of throws off my method of dealing with yellows+ for a while. Oh well.
Rare armor sold for $2.
Blizzard takes $1 ($1 remaining)
Blizzard takes .15 to transfer (.85 remaing)
Paypal takes out their fee .325 (.525 remaining)
I don't think paypal is taking a cut. It's a deposit into your account. Blizzard is getting that cost; which is why they take 15%. They are profiting off the paypal fees; but oh well.
Off that $2 sale, you'll get 85 cents. If you do a small transfer to your bank from paypal, there will be a fee. But why not let it sit there and earn (miniscule) interest.
Paypal ALWAYS takes a cut, unless the sender (blizzard in this case) specifically says they will cover the transaction fee. I can almost guarantee they wont though. There is of course sending as a gift option, but you can't do that when your running business transactions.
And as far as transferring to your bank; there is no fee if you have a premium (validated / business / whatever) account. It just takes 3-5 days to transfer to your checking/savings. You can have them (paypal) cut a check however, which does cost a fee.
There also is a mass payment option, which you used to be able to exploit and only be charged $1 for the transaction (sending money); but that has been fixed for over a year now.
I have to deal with paypal almost every day, so I know this stuff pretty well.
Paypal ALWAYS takes a cut, unless the sender (blizzard in this case) specifically says they will cover the transaction fee. I can almost guarantee they wont though. There is of course sending as a gift option, but you can't do that when your running business transactions.
Yeah, I'm making a presumption here. I do sell stuff online and use paypal for some of it. I know paypal fees, sadly, very well.
I'm assuming that since blizzard is taking 15%, they are eating the paypal fees. IE they are depositing more money into your account so that if you have "14.89 dollars" in your battle.net account, you'll see "14.89 dollars" in your paypal account. If, for nothing else, to avoid the customer service headache from people who don't understand paypal fees.
Otherwise, there is no reason at all to take a 15% cut.
On the flipside, this 15% covers deposits -into- your battle.net account, right? Cuz if you fund $200 to blizzard via paypal, I'm assuming they aren't putting $195 into your account because of fees.
Paypal ALWAYS takes a cut, unless the sender (blizzard in this case) specifically says they will cover the transaction fee. I can almost guarantee they wont though. There is of course sending as a gift option, but you can't do that when your running business transactions.
Yeah, I'm making a presumption here. I do sell stuff online and use paypal for some of it. I know paypal fees, sadly, very well.
I'm assuming that since blizzard is taking 15%, they are eating the paypal fees. IE they are depositing more money into your account so that if you have "14.89 dollars" in your battle.net account, you'll see "14.89 dollars" in your paypal account. If, for nothing else, to avoid the customer service headache from people who don't understand paypal fees.
Otherwise, there is no reason at all to take a 15% cut.
One can only hope blizzard would be so nice to do this.
do you honestly think they're aren't capable of having hundreds or thousands of bnet accounts with Americas addresses? not to mention the gross number of unreported compromised accounts
You do realize that your bnet location synchronizes when you log in right? Good luck proving to them you are a US citizen. You don't think they are smart enough to realize thousands of people with American addresses have IP addresses from China? So to answer your question, no, they are not capable.
If you want to get cash for your items, be sure to not list the item under your Battle.net balance account:
"any proceeds from the sale of items in the real-money auction house that have been sent to the player’s Battle.net Balance will not be transferrable to the third-party payment service account."
It looks like premium items will be up on the gold AH:
"In the gold-based auction house, the minimum you can list an item for is 100 gold, and the maximum is 100,000,000,000 gold.
In the real-money auction house, the minimum you can list an item for is $1.25 USD (or equivalent local currency). The maximum you can set is $250 USD."
Or you can stfu.... No one NEEDs more than 10 characters.
In fact the only things one needs is air, food, water and sleep. Does that mean anything beyond that should be severely restricted by law? Nopes, didn't think so. Yeah I don't need to have 10 characters at the same time, I could just delete each one after I'm done with it. Just as I'm sure you'd be more than willing to wipe out all your scores and KD ratios and achievements and replays in other games if the game forced you to. Does that make a good game or a convenient and user-friendly system? Fuck no! Even more apalling is the fact that the system introduced in D3 is an all around downgrade from what we had in D2 (always online what? character limit who?) If you really value your gaming time so much that, after spending countless hours beating the game with a character on Inferno and getting that great gear and titles and stuff, you'd be happy to just delete the characters you so invested into then I guess you have way too much free time on your hands. Not to mention the fact that you seem to have a particularly nasty case of lack of understanding for the needs of others. That you don't want or need something doesn't mean others don't. The fact that your imagination is too limited to comprehend such situations is your own problem, and renders your opinion worthless.
Rollback Post to RevisionRollBack
A soft answer turneth away wrath. Once wrath is looking the other way, shoot it in the head!
check my *edit* Plus Paypal cutout. Thats 3,4 % + €0.35 EUR for my country.
I have the math for US scenarios on page 2; just need to swap out your countries paypal fees to get ideas of how it's going to work.
Yea saw that now. Well, is there any cut outs for merging Paypal with Blizzard account atm? or just when i want to withdraw from paypal to my bank account?
check my *edit* Plus Paypal cutout. Thats 3,4 % + €0.35 EUR for my country.
I have the math for US scenarios on page 2; just need to swap out your countries paypal fees to get ideas of how it's going to work.
Yea saw that now. Well, is there any cut outs for merging Paypal with Blizzard account atm? or just when i want to withdraw from paypal to my bank account?
Thanks.
I've been reading a bit on this today.
It seems that from what Bashiok says, there will ONLY be the 15% transfer fee, and no addtional X% + X paypal flat rate. Furthermore, all transactions will either go to your battle net bucks account or paypal (possibly amazon or other varations?). In doing so, your battle bucks are going to remain just that -- battle bucks. You can't remove that money from your account ever. You have to apparently spend it on D3 items, or other blizzard products.
I wanted to know what the actual profit margin would be on each type of transaction (Equip and Commodities)
So I made an excel sheet and ran the numbers.
Equipment at the minimum sale price of 1.25 comes out to just 21 cents profit
17% profit margin
at the maximum sale price of 250 you cash out with 211.65
85% profit margin
you will have a PM of 72% between 6.66 and 6.67 USD
Commodities on the other hand have a consistent 72% margin
1.25 minimum sale becomes 90 cents profit
250 max sale becomes 180.63
What does this mean?
If your items aren't worth 6.66 consider trading down for commodities as the Blizz rake won't hurt you as bad with fees..
On the other hand, if you have high end commodities > 6.66 consider trading for equipment then placing that on RMAH.
That my friends is the fulcrum. 6.66
EDIT: my table didn't display like in the preview. I'll make a Google doc later
Paypal ALWAYS takes a cut, unless the sender (blizzard in this case) specifically says they will cover the transaction fee. I can almost guarantee they wont though. There is of course sending as a gift option, but you can't do that when your running business transactions.
And as far as transferring to your bank; there is no fee if you have a premium (validated / business / whatever) account. It just takes 3-5 days to transfer to your checking/savings. You can have them (paypal) cut a check however, which does cost a fee.
There also is a mass payment option, which you used to be able to exploit and only be charged $1 for the transaction (sending money); but that has been fixed for over a year now.
I have to deal with paypal almost every day, so I know this stuff pretty well.
I'm assuming that since blizzard is taking 15%, they are eating the paypal fees. IE they are depositing more money into your account so that if you have "14.89 dollars" in your battle.net account, you'll see "14.89 dollars" in your paypal account. If, for nothing else, to avoid the customer service headache from people who don't understand paypal fees.
Otherwise, there is no reason at all to take a 15% cut.
On the flipside, this 15% covers deposits -into- your battle.net account, right? Cuz if you fund $200 to blizzard via paypal, I'm assuming they aren't putting $195 into your account because of fees.
One can only hope blizzard would be so nice to do this.
You do realize that your bnet location synchronizes when you log in right? Good luck proving to them you are a US citizen. You don't think they are smart enough to realize thousands of people with American addresses have IP addresses from China? So to answer your question, no, they are not capable.
Battle.net Profile / Diablo Progress Profile
"any proceeds from the sale of items in the real-money auction house that have been sent to the player’s Battle.net Balance will not be transferrable to the third-party payment service account."
It looks like premium items will be up on the gold AH:
"In the gold-based auction house, the minimum you can list an item for is 100 gold, and the maximum is 100,000,000,000 gold.
In the real-money auction house, the minimum you can list an item for is $1.25 USD (or equivalent local currency). The maximum you can set is $250 USD."
PLUS
Yep... its
Blizzard (all transactions):
$1.00 Fee for Items
15% for commodities
Paypal (only on cashout)
15% on all
So a $10.00 sale would be: 10-1=9*0.85 = 7.65 in your account for cashout, or $9.00 bnet balance.
I have the math for US scenarios on page 2; just need to swap out your countries paypal fees to get ideas of how it's going to work.
In fact the only things one needs is air, food, water and sleep. Does that mean anything beyond that should be severely restricted by law? Nopes, didn't think so. Yeah I don't need to have 10 characters at the same time, I could just delete each one after I'm done with it. Just as I'm sure you'd be more than willing to wipe out all your scores and KD ratios and achievements and replays in other games if the game forced you to. Does that make a good game or a convenient and user-friendly system? Fuck no! Even more apalling is the fact that the system introduced in D3 is an all around downgrade from what we had in D2 (always online what? character limit who?) If you really value your gaming time so much that, after spending countless hours beating the game with a character on Inferno and getting that great gear and titles and stuff, you'd be happy to just delete the characters you so invested into then I guess you have way too much free time on your hands. Not to mention the fact that you seem to have a particularly nasty case of lack of understanding for the needs of others. That you don't want or need something doesn't mean others don't. The fact that your imagination is too limited to comprehend such situations is your own problem, and renders your opinion worthless.
Yea saw that now. Well, is there any cut outs for merging Paypal with Blizzard account atm? or just when i want to withdraw from paypal to my bank account?
Thanks.
I've been reading a bit on this today.
It seems that from what Bashiok says, there will ONLY be the 15% transfer fee, and no addtional X% + X paypal flat rate. Furthermore, all transactions will either go to your battle net bucks account or paypal (possibly amazon or other varations?). In doing so, your battle bucks are going to remain just that -- battle bucks. You can't remove that money from your account ever. You have to apparently spend it on D3 items, or other blizzard products.
I wanted to know what the actual profit margin would be on each type of transaction (Equip and Commodities)
So I made an excel sheet and ran the numbers.
Equipment at the minimum sale price of 1.25 comes out to just 21 cents profit
17% profit margin
at the maximum sale price of 250 you cash out with 211.65
85% profit margin
you will have a PM of 72% between 6.66 and 6.67 USD
Commodities on the other hand have a consistent 72% margin
1.25 minimum sale becomes 90 cents profit
250 max sale becomes 180.63
What does this mean?
If your items aren't worth 6.66 consider trading down for commodities as the Blizz rake won't hurt you as bad with fees..
On the other hand, if you have high end commodities > 6.66 consider trading for equipment then placing that on RMAH.
That my friends is the fulcrum. 6.66
EDIT: my table didn't display like in the preview. I'll make a Google doc later
http://twitch.tv/JustClickSh1t
http://twitter.com/#!/Bashiok/statuses/197438027415556096
if bids bring it higher
Some will, but I won't be among those. It's not a race and I'd rather play on a character that's for keeps.
https://twitter.com/#!/Bashiok/status/197547112462958592
It looks like he took back what was said earlier
http://twitch.tv/JustClickSh1t
yeah, I should have updated that here. I posted it elsewhere tho