MaxHayman wrote: ↑Thu Sep 03, 2020 11:22 am
Right so let just detail some of the implementations of the system.
Mythic (post removal of bidding):
- Listing Fee of 20% of vendor price for item.
- Maximum listing of 48 hours.
Previously on RoR:
- Exchange fee of 10%.
- 30 Day listing.
Currently:
- Listing fee of up to 10% depending on City Rating (1* 10%, 2* 8%, 3* 6%, 4* 4%, 5* 2%)
- 30 Day listing.
The 20% of vendor sell price would be tricky for us as we do not have accurate data and it would take a long time to conjour.
We researched a few other Auction Houses in MMOs. Here are some.
Guild Wars 2
5% listing (Not refunded on cancel), 10% transaction. Total of 15% on sold items, which is more than we had before.
World of Warcraft
Relatively short listings. High % of vendor price. Not refunded on cancel.
Star Wars TOR
Not refunded on cancel. 15% fee if item doesnt sell, 6% fee if item does sell.
It seems that these games implement a high listing fee to discourage people listing items with highly inflated prices. Meaning if people don't want to pay a high listing fee, then they have to sell it at a price they think will sell. This reduces the cost people are paying for items and additionally the lower the price the, more likely it is to sell. With auctions at lower, more reasonable prices, they should sell more quickly instead being listed for 30 days at a high price.
We decided to take some aspects of this concept and blend it into the current system without raising fees for high quality competitive auctions. Sellers can pay from as little as 2% for listing fees, and as much as 10%, depending on the Rating of the City. So right now (Altdorf is 4* and I can list an item for 10g and pay 40s fee)
https://i.imgur.com/Bq7c5q4.png , you chose when to list the item. Where as before the change if the item sold the fee would have been 1g. Additionally if there is a chance the item would not sell it encourages sellers to not inflate prices without consequences as it was before, making it more fair for consumers. Newly listed items are returned first in search results, meaning additionally undercutting rivals has no gain. Additionally items are listed for much higher than other MMOs at 30 days.
Fees are displayed when listing an item right next to where you enter the price you would like it to sell for. This updates dynamically when you change the price.