Bids on the fee cent on marketplace?

[Darkhosis]

For USD, an example would be if you list at 0.19usd it becomes 0.21, if you list at 0.20 it becomes 0.23.

So, if I place a bid at 0.22, that puts me ahead of everyone at 0.21, but I would still never get hit with a 0.22, it'd always be 0.21 (or less)?..... is there some possibility with different currencies?

If I list an item at 0.22 for the buyer, it automatically changes it to 0.21...

yet another marketplace flaw i guess?

[Satoru]

You always pay whatever you bid at. Your bid price always rolls in the fees.

Only the seller ever 'sees' the fees.

[Darkhosis]

$0.49
$0.55
$0.55
$0.54
$0.55

this is with a 0.56 bid

(ed: the reason I did it, was because someone else bid 0.56, and went to front of the line apparently, since I had been getting the listings before, but not after)

[Satoru]

That may depend on a lot of factors. I think the priority is for those who are 'closer' to the selling price get the item first.

ALso there's a minor issue that those people in regions that have more granular pricing due to their currency do have an advantage. While you can only do 1 cent increments, a person using rubles can increment in far smalelr increments that aren't visible to you.

[Darkhosis]

ah, yeah, i had mentioned something like that earlier also.

i think in that case, I thought I was losing out on all the 0.53usd bids, because 0.45 euro is 0.531945usd ..

I think the whole local currency in marketplace is a bit dim... since you can't withdraw the money from Steam anyway, why not just call it 'steambucks' or something?

btw, do you know if the UK has a minimum bid price of 3 pence?

[Satoru]

Note that a lot of services used to abstract their in-game currencies. MS Points, Wii Points, etc. Note that almost all of them have dumped it for local currencies

The original thought was that peole would spend more money, because people were abstracted from the dollar value by the points. So you might go $10 screw that! But you'd say "Oh 500 poitns thats not so bad" despite teh fact that's 100% identical

Below is my own theory. It could be wrong but it's what I think is goign on

Now enter the modern market. DLC is the way companies are making gobs of money. $1 here $2 there. But these are predicated on impulse purchases because they're such low values. Now the abstraction is hurting you. 100 points seems like a lot rather than $1. Plus adding the abstraction means that there's a friction to buying stuff because that $1 means you have to first put in say $10 in points then get the $1 thing. So the idea I think is that users are more likely to do say 20 x $1 transactions without thnking about it. While 2x $10 transactions may not be as palatable to buy a $1 item.

Again teh above is my theory. but it fits in well with how the marketplaces have evolved. I could of course be 100% talking out of my behind wrong!

[Darkhosis]

I think if more people knew what was going on, they'd probably have to change it. Right now the UK has it worst, then the Eurozone, US, Canada, Australia, and so on... I may be missing some currency in there, but I don't think so. AUD is worth ~0.81 USD.

I wouldn't be surprised if the minimum bid for all those zones is 0.03 ... Does Steam take the same 2/3rds for all? UK's 3 cents would be damn near equivalent to $0.04 USD (actually, it'd be 0.045, not equivalent at all), is it counted as 3 cents or 4 cents vs USD listings? lol.

[Black Blade]

Originally posted by Satoru:

That may depend on a lot of factors. I think the priority is for those who are 'closer' to the selling price get the item first.

From what i remmber someone posting in the past, the item go first for the user that is willing to pay the most

So if you have 3 users biding in the same time for an item and the item has selling for:
0.3$
0.5$
0.6$
and there sale point are
User A: 0.5
User B: 0.6
User C: 100.0$

Then order and payment will go as:
1. User C: will pay 0.3$
2. User B: will pay 0.5$
3. User C will not get any item as the lowers sell point is on 0.6$ now

That is anyhow what i understand so far from past posts may be worng

[Darkhosis]

yeah, we realize that. but currencies have different values, so the only way I can beat 0.03 euro is by bidding 0.04, even though 0.03 euro is 0.036usd

essentially, the lower the value of your local currency, the better off you are

ed: that was a bad example, since it's better to use marketplace in usd than euros. but, yeah, lower value currency has more price points