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-> Whichever places their sell orders first will be the one who get's purchased first. This only works if two same items gets listed in the same currency. For example, you place your item for $15. But some russian seller puts in $15 too. His item gets bought first. How? There's a bit of a gap in the currency adjuster. So your item could be $15, but his is $14.995, which get's rounded to $15, but is actually lower than your item's price.
-> for anything over 3 cents, 99% of the time the lower price gets listed at the top. Unless there's a bug in the currency conversion which leads into some more-expensive listings get pushed to the top. Still, your item would be purchased first, as long as it's the cheapest. This is because when you place a buy order, let's say $15.99 (the top-most suggested price), it doesn't automatically order an item for $15.99, rather it looks at the data to see if there's an item cheaper below your buy order, and purchases the lowest priced item instead. (example, you placed a buy order at 15.99 because it's the top-most price available, but since in the database there's someone who sells for 15.98, but got pushed to the bottom, you will purchase the item for 15.98)
-> 3 cent items. Hoo boy, this is where things starts to get interesting. You know there's a heap of items that are listed as $0.03, and most of them are bulk items like cases and crates, which obviously, have tons of items listed for sale as $0.03. But here's the twist; there's a lot of currency that can reach below that. Since the absolute minimum listing price is 0.03 unit, no matter which currency, that means other country user can list far below $0.03. For example : 0.03 Russian Ruble. The lowest steam can get is Indonesia Rupiah's 0.03, which is really, REALLY low. I mean, 1 Rupiah is like 0.00007 US$ as of writing, imagin 0.03 Rupiah. Not even Russian Ruble gets that low. Countries like these, with three, four, or even this Rupiah which got 5 digits conversion to US$, are the ones that dominates low listing.
This is the main reason your listing rarely ever gets purchased. Let's say you're placing a csgo case for sale, at $0.03. Now, there's an Indonesian user which places the same case at 35 Rupiah (Actual Rupiah case prices as of writing). Now, 35 Rupiah is only 0.00021 US$. Which one is cheaper, $0.03 or $0.00021? Of course, $0.00021, or the Rupiah one, so the Rupiah case gets listed over your case. Then when someone from the US wants to buy a case for $0.03, the buyer pays $0.03, as he should. But instead of your item, the Rupiah item get's sold. And the Rupiah seller gets, wait for it.... $0.00021, as he should. Where did the extra money go? GABEN
I've stayed in Indonesia, so I get to use rupiah in here for quite a while, and provide some info about prices comparison to US$
EDIT : Apparently Vietnamese Dong had been inserted into steam without me knowing before, so then, the lowest steamc an get is 0.03 Vietnamese dong. 1 rupiah is about 1.5-1.6 Dong. calculate it yourself :v
But about the math:
If you buy something for 3 cent, you automatically make a loss if you plan to sell it.
The best you can get out of it is 2 cents.
If you are jealous for people who can sell lower than 3 cent, they "earn" less than 2 cent. For something they paid 3 cent for.
excellent! that answered all my questions (and frustrations in €). Cheers!