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Paypal cashout fee ?

Discussion in 'Diablo 3 Market & Economy Discussion Forum' started by snowcatcher, Apr 30, 2012. | Replies: 15 | Views: 3162

  1. snowcatcher

    snowcatcher Banned

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    Paypal cashout fee ?

    I know blizzard said that after selling an item on the RMAH choosing to transfer the money to battle.net account will not apply additional fees. On the other hand, transferring the money to paypal account will cost us additional fee. Anyone know what will that be ?
  2. FizzyBubbly

    FizzyBubbly IncGamers Member

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    Re: Paypal cashout fee ?

    There is no official word but the amount that we expect has been touched upon in almost every single thread in this part of the markets forum.

    ATM from paypal's website we expect the following

    2.9% + .30 / transaction

    Realize this is taken after the blizzard fee ( either 15% for commodities or $1.25USD for items )

    For example Axe of Awesome sold for $15 on RMAH:
    15-1.25 = 13.75 sent to paypal
    Paypal takes 2.9% + $0.30
    (13.75*.971) - .30 = $13.05 total in paypal account


  3. Enlil

    Enlil IncGamers Member

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    Re: Paypal cashout fee ?

    It all depends on if Blizzard have done a deal with paypal for a rate for the game or if we are going to be using standard paypal fee's
    I live the UK and my fees are: 3.4% + £0.20 GBP with £0 - £1500 per month going in. The rate gets smaller the more money you pay into your account.

    Check paypal.com about this info in $ or euros

    Blizzard have yet to confirm all the small details.


  4. Cisgo

    Cisgo IncGamers Member

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    Re: Paypal cashout fee ?

    In other RMAH games there was no fees to cash out using PayPal (Station Exchange/Live Gamer). The PayPal fee structure may not apply to this situation. Blizzard is just transfering money to your account and that is a free service. The posted PayPal fees are for sellers receiving money (EBay for example). I could be wrong on how Blizzard intends to handle this, however I am just going on what I experienced with other RMAH over the years. Information is supposed to be released soon on this however.
  5. viledevil

    viledevil IncGamers Member

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    Re: Paypal cashout fee ?

    bliz has also spoken about another fee, a % fee, that they will take to transfer $ to paypal.

    we'll see in 2 weeks if that manifests.
  6. Enlil

    Enlil IncGamers Member

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    Re: Paypal cashout fee ?

    I assume there will be a seperate paypal fee. Paypal arn't going to provide blizzard the service from free.
    I think it will be standard paypal fees.
  7. Cisgo

    Cisgo IncGamers Member

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    Re: Paypal cashout fee ?

    I think you missing the point, there is no fee to transfer money with a PayPal account to another PayPal account. Blizzard cannot invent PayPal fees if they do not exsist. You are not a seller, you are just receiving money to your account from Blizzard's account, which should be (and has been in previous RMAH games) a free service of PayPal.
    Although, if Blizzard intends to eventually sell characters, the $1.25 fee will be way too low and I would guess they will go % based on higher ticket sales. My guess (just a guess) will be a $1.25 fee to a certain point, then a percentage base of the sale if it exceeds a certain amount. Maybe something along the lines of 5-10% fee on any sale that exceeds a certain amount. You cannot expect Blizzard to take $1.25 fee when some items/characters might be selling for several hundred dollars. Especially if you believe they are doing this to make money.
    This is just my guess with no basis, other than my experience on how other games handled thier RMAH. Again, this could be totally off, but this is what I think "might" happen if Blizzard is indeed looking at the auction house for profits as well as player convenience.
  8. Azzure

    Azzure IncGamers Member

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    Re: Paypal cashout fee ?

    I believe the full and final fee structure is coming soon, according to Bashiok.
  9. Eagle

    Eagle IncGamers Member

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    Re: Paypal cashout fee ?

    I think "Soon" may be the only word in the Blizzard vocabulary for describing anything temporal.
  10. semakka

    semakka IncGamers Member

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    Re: Paypal cashout fee ?

    For Romania (EU) :
    -2,9% + 0.30 euros per transaction.
    Transfering from my PayPal to my bank account / card : 2 euros per transaction.

    Now, there are PayPal fees that applies to every source of money that comes to a PayPal account :
    -bank accounts
    -cards

    I am not sure if same fees applies if money come from another PP account, probably no fees if the accounts have same owner, but i think the fees applies if the money come from a PP account of a different owner.

    Blizzard have no statements of additional fees (if any).Will know "soon" if there are any additional fees.
  11. jwfcp

    jwfcp IncGamers Member

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  12. Bloomberg

    Bloomberg IncGamers Member

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    Re: Paypal cashout fee ?

    When cashing out to PayPal, total transaction fees will be roughly:

    17.5% or greater for Item sales (the higher the amount, the closer it gets to ~17.5%)
    30% or greater for Commodity sales (the higher the amount, the closer it gets to ~30%) (~33% at a 10$/€ sale)

    The above considing a PP fee of 3% + 0.3$/€ per transaction.

    It's not great, but could be worse..
    They are gonna cash-in on the gold sales quite a bit though (30%+).. ;-O
  13. Cisgo

    Cisgo IncGamers Member

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    Re: Paypal cashout fee ?

    Maybe I am not thinking straight, hopefully someone can help me out. My question is if your intention is to make money in the RMAH why would you want to sell an item on the gold auction house considering the fee structure? I'll try an example:

    Say gold is roughly 100k for $10 for this example.

    So you have this sword you found, looks like it's worth $10. So place it on RMAH and it sells for 10 bucks, you take home $7.65 ($1 fee +15% trans to PPal). Simple enough $7.65 (23.5% in fees).


    Now say you took that same sword, placed it on the gold house and sold it for 100k gold (100k gold=$10). You then would make 85K after 15% auction fee. Then to get cash for the gold you just made you would list the 85k on the RMAH. When it sold you would have $8.50, after the 15% sales fee you would have around $7.22. Then you would transfer that $7.22 (another 15% trans to PPal fee) and you would take home $6.14 (38.6 % in fees).

    That extra 15% is a pretty big difference and can add up substantially over time. I would think this would deter items from being placed on the gold house if the players intent was to make real money profit. Which in turn could upset players that did not wish to use the RMAH, because they are not seeing the quality/quantity of items on the gold house as compared to the RMAH. It would seem that this could create an imbalance between the two auction houses. I guess we will find out soon enough though.

    If my above numbers are off base, please feel free to correct me.
  14. Eagle

    Eagle IncGamers Member

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    Re: Paypal cashout fee ?

    The only reason to do it Cisgo would be to mitigate the risk of listing an item that's worth far more than than the maximum bid you can set (assuming that's just a max starting bid and not a ceiling on the RMAH prices, if it's a ceiling the reasons for using the GAH are obvious, it would bypass the ceiling) when you put the item up for sale.

    Say you list something that the market values at ~$3000 (it's a big number to make this easy to demonstrate). You can only set the initial bid to $250 max. Now assume the absolute worst case scenario for bids, you get 1 bid for $250.

    Now say you list it on the GAH for a starting bid of 200 million gold because you aren't willing to part with it for less than $2000 worth of gold (and assume that gold is currently trading at $1 per 100k gold). Now assume the absolute worst case scenario for bids again, you get 1 bid for 200 million. Well you've just sold it for the equivilant of $2000 of gold.

    If no one wanted to pay that high you'd still have the item. On the RMAH you'd have let it go for $250.


    So if the value of an item is high enough you can sell on the GAH first and pay that 15% to reduce your risk level. Obviously for 99.9% of items this doesn't matter at all.
  15. semakka

    semakka IncGamers Member

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    Re: Paypal cashout fee ?

    Assuming the gold price is 100,000 gold = 10$, and it was like this for like 2 months and no change in game in foreseable future will make the gold keep his value (100,000 = 10$)...there is really no issue.
    Sell the item in RMAH.


    But, let's say that 100,000 gps = 10 $, and you are good at trading (a farmer will ALWAYS sell items in RMAH and not in GAH for gold and the gold in RMAH), read things, "feel" things, you might "feel" that in about 2 weeks, the gold price could steadily go up (or spike ) to something like 60,000 gold = 10$.

    Now, it is easily understandable that you will sell in GAH, save the gold for the change you "feel" will come and you will have a slightly better profit.

    But, if gold prices are stable and you are a farmer or just a lucky casual, sell the item in RMAH.
  16. jwfcp

    jwfcp IncGamers Member

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    Re: Paypal cashout fee ?

    yep, your numbers are right, if its worth $4 and up, you want to use the rmah. this "rate cap" is a subtle way to modify player behavior, so as people wash cash around, it all winds up in blizzards pocket eventually. very cunning. too bad their gold floor is forced too high artificially. no one will buy gold, so no one can sell gold. because directionless, no cash players (90% of the playerbase, casuals if you will) dont have access to that trickle of in game cash, they wont be able to participate in the rmah. well, maybe mats could approach that one cent per item barrier a little more gently, but a inferno player will not be interested in nightmare mats. they should price gold per mil.

    suppose you have a guy who makes a $25 sale, bliz gets a dollar, he cashes out and thats the end of it. now suppose he spends it on the rmah instead, buys up 5 $4 items, bliz just bumped up their profit margin by a factor of 6. those 5 sellers wheel and deal a little more, for simplicity, another $25 buyer sells to each of those 5 $4 sellers, those 5 now have the $6 to buy up a $4 item of their own. what might have been $2 is now $17 in blizzards pocket.

    now I realize we can always farm more gold. there is only so much money in the market, try not to shovel it all into blizzards gaping maw.

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