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Lindens are rising! Woot! |
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Torley Linden
Enlightenment!
Join date: 15 Sep 2004
Posts: 16,530
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02-27-2005 02:32
I envisioned some sort of LL uprising, perhaps a Stalin-style purge of the feeted innards (come on Andrew, Phillip--you know they're too close to be trusted. And I've seen certain Liasons organizing paramilitary training camps for the newbs). Mhmmm... not to mention all those innard floated whatevas are ALL LINDEN ALTS. ALL OF THEM.  PRESSURE = Paranoia Reigns Everything Supremely So Undermine Rebellions Everywhere! _____________________
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Magnum Serpentine
Registered User
Join date: 20 Nov 2003
Posts: 1,811
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02-27-2005 10:58
I don't know what happen but I know people are buying L$ like crazy... including IGE , they are now paying $4.10 per L$1k HOLY MOLY ! I guess we are seeing the benefits of the latest economic changes. _____________________
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Jack Lambert
Registered User
Join date: 4 Jun 2004
Posts: 265
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02-27-2005 11:15
And the award for the largest screen shot in the history of the forums goes to Sensual Casanova  Cristiano did I ever award you the Award for Most Forum Awards Awarding ? edit - for the record that was one massive screenshot LOL |
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Pete Fats
Geek
Join date: 18 Apr 2003
Posts: 648
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02-27-2005 20:00
And the award for the largest... Don't forget the award for the worst browser. My god people, mix in opera. This browser PSA has been brough to you by the long flight from Teldrassil back to Feralas. Damn you WoW! _____________________
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Lance LeFay
is a Thug
Join date: 1 May 2003
Posts: 1,488
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02-27-2005 20:38
For Gnomergan!
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"Hoochie Hair is high on my list" - Andrew Linden
"Adorable is 'they pay me to say you are cute'" -Barnesworth Anubis |
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Jeska Linden
Administrator
Join date: 26 Jul 2004
Posts: 2,388
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02-28-2005 10:23
Moved to Land/Economy forum for further discussion.
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Surina Skallagrimson
Queen of Amazon Nations
Join date: 19 Jun 2003
Posts: 941
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03-04-2005 05:06
Remember, you have to include hidden fees and the like. GOM has hidden fees that must be taken into consideration. There is a built-in 2.9% + US$0.30 cost for each block of US$ cash added to your account (buying L$), and a US$0.12 per block cost when selling(selling L$, price will be lower if you sell large amounts). So GOM costs not US$20.20 to buy L$5000, it can cost up to US$21.11. (Being US$4.22 per L$1000 by your scale). GOM also only pays not US$20.05, but US$19.45 after US$0.60 in Fees (US$0.12 per block). Hank Ramos, Anshe Chung, and IGE do not charge extra fees. The price you see is the price you pay. I think GOM is great, but there is room for other services that are easier to use than GOM. GOM is a market, for those who like to play such things. The others are services, who try to make the purchase and sale of L$ easy. So the recalculated comparison is... ================================== Selling(People buying L$): GOM is US$4.22/L$1K, Hank Ramos is US$4.32/L$1K, Anshe Chung is L$4.50/L$1K, and IGE is US$5.10/L$1K ================================== Buying(Service buying L$): GOM is US$3.89/L$1K, Hank Ramos doesn't buy L$ yet, Anshe Chung is US$4.10/L$1K, and IGE is US$4.00-US$4.10/L$1K(Service is currently down, so probably a mistake) ================================== Here is a L$ Exchange service comparision table I whipped up... http://www.hankramos.com/compare.html ...to show the difference between the services. I'm sorry, but this is completely wrong. GOM does not have hiden fees, and neither does it charge you for adding money to your account. The 'fee' you're refering to is the paypal charge. PAYPAL charges 2.9% +30c for each transaction. So if you pay $100 via paypal into GOM paypal takes $2.90 + 30c ($3.20). This leaves $96.80 arriving in your GOM account. This is NOT a hidden fee, just the paypal charge being removed. GOM makes NO money from you placing funds into your account. If I were to send you $100 via paypal you would recieve $96.80 Likewise the 12c per block commision is not hidden either. It is clearly listed as the charge for selling your L$. Computers, internet access, web space, administration, etc, all have to be paid for somehow by someone. IGE, AnsheChung, et al hide these charges by increasing the spread between their buy and sell prices, the difference in price being the profit they make, some of which goes towards paying the bills, the rest is simply profit. GOM is a market place where the buy and sell prices are set by the consumers. NOT BY GOM. When you buy L$ on GOM you are NOT buying them from GOM, you're buying them from another user. Likewise with selling. If you think the price on GOM is wrong (whether too high or too low) then the only people to blame are the ones setting the price. and who are they? Yes YOU _____________________
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Surina Skallagrimson Queen of Amazon Nation Rizal Sports Mentor -------------------------------------------------------- Philip Linden: "we are not in the game business." Adam Savage: "I reject your reality and substitue my own." |
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Anshe Chung
Business Girl
Join date: 22 Mar 2004
Posts: 1,615
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03-04-2005 07:31
Surina, I think you completely misunderstood the person you quoted.
Nobody say that GOM charge too much or is hiding anything. But the GOM prices as listed on the marketplace is not what you really pay or what you really get after you sell. Fact is that whenever you buy or sell on GOM you also have to pay fees. At IGE and ANSHECHUNG.COM those fees are included in the price listed on website. This means that we take care of the PayPal fees, losses through fraud, bandwidth cost, staff cost etc. and already include them in the price you see on website. The price you see is the price you pay. So, obviously, if one site adds fees to the price while other site includes fee in the price those numbers are not entirely comparable. You also pay for more convenient user interface and lack of such limitations as minimum character age, avatar linking and so on. The term "hidden fee" refers to experience of the customer. Is all fees included in the price listed on website? Or are there fees that will be applied after purchase? GOM is good service and I use myself, but it has hidden fees. Those fees are "hidden" in that they are not calculated into the listed prices but everybody can click on one page called "fees" and find what GOM charges for which kind of transaction. _____________________
ANSHECHUNG.COM: Buy land - Sell land - Rent land - Sell sim - Rent store - Earn L$ - Buy L$ - Sell L$
SLEXCHANGE.COM: Come join us on Second Life's most popular website for shopping addicts. Click, buy and smile |
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Malachi Petunia
Gentle Miscreant
Join date: 21 Sep 2003
Posts: 3,414
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03-04-2005 08:16
...Nobody say that GOM charge too much or is hiding anything. But the GOM prices as listed on the marketplace is not what you really pay or what you really get after you sell. Fact is that whenever you buy or sell on GOM you also have to pay fees. ... The term "hidden fee" refers to experience of the customer. Is all fees included in the price listed on website? Or are there fees that will be applied after purchase? GOM is good service and I use myself, but it has hidden fees. Those fees are "hidden" in that they are not calculated into the listed prices but everybody can click on one page called "fees" and find what GOM charges for which kind of transaction. I have no connection with GOM at all, but I think your advertising practices are skanky. By "skanky" I don't really mean "skanky", I mean "really nice". Here is gamingopenmarket.com's fee schedule which was cleverly hidden on the main page under the code word "Fees".  |
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Alby Yellowknife
Sic Semper Tyrannis
Join date: 5 Jun 2004
Posts: 1,148
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03-04-2005 09:46
are you alby? SORRY! i couldn't resist. I'm in baby.. Like Flynn. |
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Jauani Wu
pancake rabbit
Join date: 7 Apr 2003
Posts: 3,835
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03-04-2005 09:51
i often sell on IGE because of the hidden fees.
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http://wu-had.blogspot.com/
read my blog Mecha Jauani Wu hero of justice __________________________________________________ "Oh Jauani, you're terrible." - khamon fate |
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Roberta Dalek
Probably trouble
Join date: 21 Oct 2004
Posts: 1,174
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03-04-2005 10:41
Paypal also charges quite a lot for currency conversions. I still need to do the maths to work out if Hank allowing payment in GBP saves me money...
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Alby Yellowknife
Sic Semper Tyrannis
Join date: 5 Jun 2004
Posts: 1,148
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03-04-2005 11:18
Ahhh, the World of Virtual Currency Trading. I Love It!!!!
This is what my computer screen looks like trading L$ on GOM, IGE, eBay, etc..  |
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Eggy Lippmann
Wiktator
Join date: 1 May 2003
Posts: 7,939
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03-04-2005 11:23
No it isn't
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Zeppi Schlegel
Registered User
Join date: 20 Nov 2003
Posts: 50
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03-04-2005 11:33
Ahhh, the World of Virtual Currency Trading. I Love It!!!! This is what my computer screen looks like trading L$ on GOM, IGE, eBay, etc.. I see you're still using Linden-Station version 9.3, huh? Falling behind the times... Any trader worth their weight in L$ uses 9.8. Zep PS. Wouldn't that be so damn cool? |
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Hank Ramos
Lifetime Scripter
Join date: 15 Nov 2003
Posts: 2,328
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03-04-2005 11:33
Nobody is implying that GOM has deceptive practice or fees. It's just that you have to consider those fees when comparing to other currency exchange services.
The 2.9% + $0.30 USD is not the PayPal fee GOM pays. They deposit way more than US$10000 each month, which makes them elegible for the 2.2% + $0.30 USD rate. They probably have a lower fee, but let's just use that. That means that GOM makes as a service fee 0.7% on all deposits into your GOM account. Small players like me cannot get that kind of PayPal fee. I have nothing against GOM. But it is a service like the rest of the currency exchanges. They make money on the sale and purchase of L$. Yes, you are technically buying from another player, but the GOM service makes money as well. Quit making the other currency exchange services out as "rip offs", "skanky", or less than worthy than GOM. _____________________
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Alby Yellowknife
Sic Semper Tyrannis
Join date: 5 Jun 2004
Posts: 1,148
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03-04-2005 11:38
No it isn't ehheheheeheheh U caught me.. lol |
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Jauani Wu
pancake rabbit
Join date: 7 Apr 2003
Posts: 3,835
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03-04-2005 11:40
alby are you day trading?
_____________________
http://wu-had.blogspot.com/
read my blog Mecha Jauani Wu hero of justice __________________________________________________ "Oh Jauani, you're terrible." - khamon fate |
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Alby Yellowknife
Sic Semper Tyrannis
Join date: 5 Jun 2004
Posts: 1,148
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03-04-2005 11:44
Nobody is implying that GOM has deceptive practice or fees. It's just that you have to consider those fees when comparing to other currency exchange services. The 2.9% + $0.30 USD is not the PayPal fee GOM pays. They deposit way more than US$10000 each month, which makes them elegible for the 2.2% + $0.30 USD rate. They probably have a lower fee, but let's just use that. That means that GOM makes as a service fee 0.7% on all deposits into your GOM account. Small players like me cannot get that kind of PayPal fee. I have nothing against GOM. But it is a service like the rest of the currency exchanges. They make money on the sale and purchase of L$. Yes, you are technically buying from another player, but the GOM service makes money as well. Quit making the other currency exchange services out as "rip offs", "skanky", or less than worthy than GOM. GOM is God!!! Forget about the nickel and dime fees and focus on how you are trading. GOM: A 'True' Trading Floor that matches Sellers up with Buyers. IGE: A Retailer who Buys L$ and resells L$ for a profit. GOM makes its money on fees it charges per transaction, IGE makes its money on adding a profit margin into the price its buying L$. All things being equal, GOM has the better market. The reason is that GOM does not dictate the price of L$, the supply and demand of transactions determines the price. In the IGE world, some fat man in a cube somewhere in Hong Kong sets the price of L$ that IGE will do business on. In having a choice, I'd chose Supply/Demand to set prices than a fat man in Hong Kong. |
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Prokofy Neva
Virtualtor
Join date: 28 Sep 2004
Posts: 3,698
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03-04-2005 12:06
In having a choice, I'd chose Supply/Demand to set prices than a fat man in Hong Kong Me, too. And if thin men in Toronto in a loft put in fees, that's ok, too LOL. _____________________
Rent stalls and walls for $25-$50/week 25-50 prims from Ravenglass Rentals, the mall alternative.
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Alby Yellowknife
Sic Semper Tyrannis
Join date: 5 Jun 2004
Posts: 1,148
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03-04-2005 14:22
Me, too. And if thin men in Toronto in a loft put in fees, that's ok, too LOL. Heheheeheh.... The Canadians control the Trading Floor... 'And they are doing a damn find job. I just wish I could short-sell L$ too... |
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Ferren Xia
Registered User
Join date: 18 Feb 2005
Posts: 77
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03-05-2005 16:57
Alby, it is much more likely that the man in the Hong Kong cubicle is the thin one, not the US or Canadian worker. It is also more likely that the Hong Kong worker gets to keep more of his earnings than the unfortunate overtaxed North American worker.
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