HOLY fudge how do commission vendors work!?!

I'm just trying to figure out what percentage they take so I can like, not rip MYSELF off when posting something for sale on my own vendor.

When I sell something for 320g, it takes 42g. That's 13.125%.
When I sell something for 225g, it takes 32g. That's 14.2(repeating)%.
When I sell something for 800g, it takes 90g. That's 11.25%.
When I sell something for 465g, it takes 56g. That's 12(+)%.

What's the deal with this freakish sorcerous math? Why can't it just take a set rate across the board?

 

10g + 10% of the price

 

Do yourself a favor and get an comission free vendor someday.

I mean seriously, 10% of the price just totally sucks.
Gets really annoying as soon you start listing valuable stuff.

1.000.000 = your greedy vendor eats 100k
500.000 = your greedy vendor eats 50k
100.000 = your greedy vendor still eats 10k
50.000 = your greedy vendor seriously still eats 5k

And that's just for listing the items, you will loose and loose igg all over the place with an Commissioned Vendor.
(or was that changed a while ago and the vendors are only charging when you actually sell stuff? Don't remember).
But still, it's meh...

Nope, just don't do it, not recommended.
What you should do instead is collecting 1mil igg and then buy a Comission Free Vendor at some point.
Or just buy one for 90$ in the Player Marketplace.

Commissioned Vendors are just an absolute no go imo.

 

THANK YOU!!! I am really bad with numbers/math, and I'm pretty certain I never would have figured that out on my own.

 

Player Guide (same as the ingame one)
https://docs.google.com/document/d/1Z-svq1OvcZwViqGxFCKdjH3NCn2LTfLuGny5qaAqjTM/pub
"This fee is 10% of the price you are selling the item for, plus ten gold."

So what @curt said.
"
10g + 10% of the price
"

 

Commission is not as bad as you might think. They changed the method recently so it only takes commission when an item sells. I would recommend it for most people. Just have to factor commission in when pricing. ROI on a commission free vendor is pretty difficult to achieve imho - given market rate cost of about 1 million gold for the CF vendor and 10% commission rate, you would need to sell about 9-10m gold worth of products to pay for the CF vendor. That’s certainly doable, but most people don’t reach anything near that. They are great for moving high price items like deeds, and for high volume low margin selling and purchasing.

 

Also some player own towns offer amenities such as use of a commission free vendor if you are a resident. I always add all town members to one in Wizards Rest or if any one joined the town while I've been out of town let me know when I'm home on the 23rd and I'll add you.

 

I seriously think we should nominate Majoria70 as a player ambassador or something. Literally every single one of her posts ive seen have been positive and helpful at the very least and shes never said anything to piss me off.

 

On the other hand, if you buy a CF vendor from a player for 1 million IGG you need to sell 10 million before your expenses outweigh the cost of a regular vendor.

10 million....

 

lol!

 

Or guilds. My guild is always accepting new players and we have a POT we run. All members of the guild get access to the CF vendors in our POT, plus access to the CF vendors in Britt Market, Owl's Head, Novia Market, and Britannian Market.

Other guild may have similar policies.

 

(10 + item price) / 0.9 = list price
(list price * 0.9) - 10 = item price

Player vendors get their commison on sale. Public ones on list item.
it does not work like VAT. The vendor wants his 10% from the 10 gold, and also +10% from that what you have added to the price to "earn" the commission.

 

Kappa

 

True, so in the long run a CF vendor is well worth it.
I mean if you manage to sell 10 million with an regular vendor you wasted 1 million.
1 million just "poof" into dust...

So better start early if you plan to play for longer than a couple of month.

 

The math was a little different when regular private vendors took the fee up front. The 10% was collected even if you later wanted to reprice the item.

Public vendors still collect up front, but that's because you are using up space on a common resource.

 

They could always make a third type of merchant. Commission free but only deals with wares of type ...
Like a butcher that you only could place meat on.

 

Something i always wondered with shared vendors... what happens if more than 1 person wants to sell the same item(s)? Is the policy for all items (of the same type) to be the same prices?

It would be weird to be price competing with a guildie, but on the other hand not everyone may agree with the set price. How do you reconcile this situation?

 

I've seen folks list items for outrageous prices. Sometimes it can be from ignorance on their end, not recognizing that beetle carapace can be bought from 650-800 and is not a good bargain at 1,200. If it is blatantly intentional (Supply bundle: grey - 10,000 gp) then I never look at any of their stuff. Now if it's on the same vendor, within 10% is competitive fair market; but if I saw a person listing to undercut on purpose (changing their price to be lower than mine after they originally posted the item,) I might have issue with that.

Luckily most guilds don't function that way and generally the population is not full of gold greedy jerks./

 

On the cf vendor that's shared in Wizards Rest I don't micromanage it. All players using it are free to price as they wish. Hopefully being considerate of each other but it is still up to them.

 

Our guild doesn't have an official policy, but {as far as I know} it has not come up yet. Personally I don't place anything on a guild vendor that directly competes with another guild member. The closest I have seen is one guildmate had 5 stacks of 100 cotton and I post 2 stacks of 1000 cotton.

That said, it is pinned to our Discord a recommendation that people look at this website for an idea of how to price basic goods. Some of the guys have also pinned a chart for price suggestions on enchanting and masterworking. Again it isn't an enforced price guide, but it is a suggestion that no one has gone against, yet.