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Bnet Balance not transferable to "cash out" ?!
Lobotomist
Member EpicPosts: 5,981
I was looking at RMAH FAQ today. And I found one concerning fact :
"Also, any proceeds from the sale of items in the real-money auction house that have been sent to your Battle.net Balance will not be transferrable to the third-party payment service account."
Meaning that you can not sell lot of small things for let say 1 cent. And slowly fill your balance to cash out when it grows.
You will have to either sell for bnet balance or have the money transfered to paypal.
This means that only substential sales will be worth the hassle.
Also bnet balance can not be used for nothing else than buying on RMAH.
This make me suspect RMAH will hold only real expensive items and gold in bulk.
All other will be sold in Gold AH. Especially since hardcore characters will not be able to use RMAH anyway.
Comments
uh? Paypal *is* cash.
BNET Balance can be used on everything Blizzard besides game time for now, but it could be added in the future. Game time for WoW I mean. This is all games (digital versions), all plush toys, minis, RMAH, anything but game time.
Yes you have to have sales transfered directly to paypal or BNet balance, but the end product is the same? Whether you transfer multiple small listings or you let them accumulate the same deductions are made regardless.
BNet balance has a limit of $250, PayPal is endless.
My only question on this system is how they will limit you selling to BNet balance when you have $240 and want to sell a $20 item. I think you will be forced to send it to PayPal.
Also, yes BNet balance is not transferable back to cash, and this is how every system like this as far as I can remember has always worked. Either send it to PayPal or send it to BNet balance. Balance can be used on future games, expansions, etc. I fail to see any issue with this.
RMAH minimum you can list an item for is $1.25 USD
Paypal takes 15%
Blizzard takes 15%
70% left is = 87 cent
So what I am saying is that RMAH items will have to be quite expensive for seller to have any benefit from selling them.
Ah yeah this is true. Are you sure paypal is 15%? I thought it was a bit lower. You could always park it in paypal though and use that to buy almost anything so save that 15%. Then you are dealing with your listing fee, and a 15%, but I believe I read them say that they want to do this to keep the RMAH from being flooded with mediocre items. They have also limited your weekly (10 I think) post count. Or maybe there is a total limit to have active of 10 and another weekly sales limit.
Yeah though, the RMAH I think you want to sell items for $3-250.
It would still be the same though if they allowed you to go to BNet and then from there to paypal probably. Personally it is hard for me to judge because I have no plans of ever sending anything to PayPal, but I can see where some have beef with the fees.
If you compare though it isn't too bad. XBLA = 30-75%, Apple Apps = 30%, PSN I think is 30%+. These are things that are your work and you are just distributing on their platform also. RMAH is Blizz's platform + items they give you in game. They also probably want a penalty for taking cash out of their system so you recycle. They know what they are doing I guess.
This got me looking for a profit chart I saw before. Here you go:
http://www.mmo-champion.com/threads/1125566-RMAH-cash-out-profit-table
This is getting the money to your bank account. If you leave it in paypal and use that to spend on things then you profit another 15%.
Yes. Thats exactly that.
I think (now) that RMAH will really have only expensive items. For that strange people that want to spend lot of money for virtual goods.
I find the system retarded. I think most people would only pay about 3 bucks for the highest tier items. I'm not saying some people wouldn't pay a lot more, I know they would, but I think those people are a tiny minority.
Outside of those really good items, everything else is probably worth less than 1 dollar to most people. But I don't even think you can list items for under 1.25 or something, which pretty much removes the real money market for 99% of in game items.
It seems like blizzard is just completely unrealistic when it comes to pricing.
Yes, exactly my thought
Blizzard made a lot of cash selling sparke ponies and the like for much more then 1.25 usd.... so uhm.. I think they actually ARE being realistic.
I have faith that Blizzard did a lot of research into the pricing, they have to price it so that people don't post any old rubbish but also so people who choose to take part in the RMHA get enough back to keep em farming. We all have an opinion but lets be honest blizzard did not pull these prices out of thin air they would have spend many hours pouring over graphics and stats and this is what they came out with.
The RMAH is not made to be flooded with mediocre items that is what the GAH is for. The RMAH is for trading the good stuff and always has been.
RMAH minimum you can list an item for is $1.25 USD
As for someone buying anything more expensive than couple of $
That really beats me ....
to each is own $5.00 to me is $100 to someone else
Two things. The first is that items will be listed for lower. You could only have prices that high when fewer people were involved in the selling of them. Secondly, the people willing to pay that much are so far and few between, it won't matter, and it won't make items worth very much. The demand simply won't be high enough.
It sounds like, if I understand the system well enough, the thing to do is to sell items for gold, and gold for money.
thats right, they did this because this way its more advantage to the player to spend this "money" that he made from the RMAH with other itens of the RMAH.
I've been saying this for months. Want to trade for anything hard to get -- hard enough that you could spend weeks and months trying to farm it and still not have it drop? Show me the money, biatch. Those are the "options" the RMAH provides players. Loot lottery with pathetic odds or cash. There will be two winners out of all this though: Blizzard (of course) and asian farming operations who will use the game's own legitimate systems to conduct business. They can't even be banned when discovered now.
It's a glorious new day in gaming.
So if i understand what's being said, you can sell items for "Bnet money" and "Bnet money" cannot be converted to cash. Is that right? Also, you can buy RMAH items using "Bnet money" if you have a balance. Still right?
If both of those are true, then if you run your balance up as close to $250 (or whatever cap is) and then have a friend list some random item for that amount; does he then have the option to get that balance via Paypal?
crappy, but not overly complicated workaround if that is possible. Also assumes you've got a trustworthy friend of course
-mklinic
"Do something right, no one remembers.
Do something wrong, no one forgets"
-from No One Remembers by In Strict Confidence
I used to browse the old RMT forums and ebay and such for Diablo 2 items, and hard to get items would go anywhere from 30 to 80 dollars. So people will pay more than 3 for items, if they are hard to get.
Clever, clever !
Obviously comes from EVE player
They can be banned if they are using bots. And most professional farmers use bots if they can. And every hack or exploit that can help them farm faster...
But will Blizzard really want to ban farmers? I doubt that... Blizzard will benefit and get a nice profit when they sell items. They will probably only pretend to care and pretend they want to stop them. Perhaps they will ban a few hackers/botters/farmers. Only to try to make people believe they are doing something to stop them.
Paypal can suck my dong, and since blizzard is refusing to allow any alternatives to paypal and has literally signed a contract making it so paypal is the only one they can use in america and EU/oceanic they can suck my dong to now. Paypal is the worst company ever created and the creator and current big-wigs need to burn and die in a firey death of some kind slowly so they can feel the pain they've inflicted on millions accross the world.
Bots are already written and will be farming since day 1 btw. Already saw bots in action in beta lul
The problem is that if you need to use a team of bots 24/7 for weeks to find some rare item it will be virtually impossible for normal players to find that item. And the only way to get it will be to buy it in the RMAH.
But if its possible for most normal players to eventually find it the farmers will find to many. And you can find a lot of them for sale in the RMAH.
I mean if its all balanced for bots/farmers it will be frustrating for normal players. But unless they really try to stop the farmers they have to do that.
People make in-app purchases in the portable IOS and Android market games every day for a few dollars here and there, so I'm sure Blizzard is expecting the same willingness with D3 items.
In response to the OP,
Yeah this kind of sucks big time if they don't ever change this. I would like the ability to change my mind later on down the road if I wanted to cash out.
I don't get why it's like this, but it sucks to have limitations like this.
This kind of locks people into respending their money on the RMAH.
Here's a conspiracy theory for ya:
If someone puts $100 into the game and starts buying stuff, and every person who subsequently receives any or all of that money does the same thing (doesn't cash out just keeps buying stuff) this will happen (this is just assuming it's spent on commodities, and is actually probably a rare scenario but possible) :
$100 * .85 = $85 (15 to blizzard)
$85 * .85 = 72.25 (12.75 to blizzard)
then it becomes 61.41 left, then 52.20, and so on until there is nothing left and Blizzard has taken almost the entire $100 except for a few cents in fees.
Again, it would be rare probably for that money to stay in circulation all that time without some of it being pulled out by someone, but it's definitely possible.
Shadow's Hand Guild
Open recruitment for
The Secret World - Dragons
Planetside 2 - Terran Republic
Tera - Dragonfall Server
http://www.shadowshand.com
Problem is that it only punishes the casual regular joe.
As guy above pointed, you can easily circumvent this limitation by having two Diablo accounts (or trough friend , associate)
He simply puts a worthless item for let say 250$ (which is max bnet cred) you pay it with bnet cred and he cashes it out.