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About auction fees

Discussion in 'General Entropia Universe Discussion' started by nexus7, Jun 22, 2010.

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  1. Jun 22, 2010 #1
    nexus7

    nexus7

    Why do auction fees go up if you increase the openning bid? I've never really understood this, unless it's a crafty way for MA to discourage ppl from entering openning bids that are close to high buyout prices.
     
    Last edited by a moderator: Jun 22, 2010
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  2. Jun 22, 2010 #2
    Stratos

    Stratos

    The auction fee is a % of the markup of your sales price (+ the listing fee of .5 ped) decreasing with rising markup, eventually maxed at 99.99PED ,
    so if you start at at 1 PED with a 1PED tt item the base fee is .5ped.
    If you start with a low markup, you have to pay the listing fee + a little % at auction creation time,
    If the realised price at selling time is higher , you have to pay the fee afterwards , its direct subtracted from your realised auction price. (described in the popping up auction message after item sold).
    So if you start with a higher buyout you have to pay the fee nevertheless your item is sold or not.
    This prevents a lot of low tt items going to auction with a high joke-markup.

    Hope i described it like it is and a bit understandable ;)
     
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  3. Jun 23, 2010 #3
    nexus7

    nexus7

    Thanks Stratos, that clears up alot :) So, if someone wants to realize a high buyout price and gets it from a buyer but leaves the openning bid at the default value (TT+ a bit extra), then the seller will be charged a high fee after the sale, but if the seller increases the openning bid to somewhere near the high buyout value (to make ppl think that the buyout price is worth - he, he), then the seller will be charged a high fee initially.
    So either way MA have got the auction covered ...:rolleyes:
     
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