Question about MM fees, and payment.

[jigagummyz]

Not to trivialize the MM work, but I don't understand why the fee isn't a flat fee. If I want to buy an account worth $1000 I'd have to pay about $65 for the middleman.
I would understand the compound fee if the middleman takes a higher risk the higher the account value is, but if for example an account would be recalled and the buyer is $1000 in the hole, epicnpc has little in the way of influencing the outcome if the seller goes AWOL.
If a seller recalls an account, and the buyer loses $1000, the only thing that can happen for sure is the seller getting banned. And that usually doesn't matter to scammers, they get free money. And it's not as if you can tell for sure whether someone is a scammer or not, look in the ban forums and you'd see high rep users pulling exit scams from time to time, and everyone else has their hands tied.

For example, Playerauctions is a terrible website save for the way they mediate payments. if you get scammed there and can prove it, you'll most likely get your money back. in PayPal it's anything goes, they don't investigate payments for digital goods, let alone non-refundable payment methods like bank transfer, crypto and gift cards (which are becoming more and more common here).

Is there anything here I got wrong? Is this just an inherent risk to trading accounts? I feel as if it could be handled better/more fairly to the buyer/seller.

 

[The Integrity]

If the MM makes a mistake during the process and damages, loses or does not secure the account properly, he'll be responsible and required to compensate. If the fee were flat, MMs would avoid doing higher value transactions because the risk would not be worth the $10 or whatever the flat fee would be.

 

[jigagummyz]

If the MM makes a mistake during the process and damages, loses or does not secure the account properly, he'll be responsible and required to compensate. If the fee were flat, MMs would avoid doing higher value transactions because the risk would not be worth the $10 or whatever the flat fee would be.

I see, so it's a form of insurance. But yeah even on Playerauctions they have insurance that promises they will side with you and help return funds/litigate to a limited degree in the case of a recall. If that's the reason MM fees are compound then I say they're pretty expensive. The insurance in case of the middleman is just that the account info is changed from whatever it was before and given to the buyer as advertised, and maybe that the MM assesses the account properly. in higher value accounts 6% is hefty, but I guess there is no better way to motivate MM to be careful and thorough than their own pocket.
Have you ever thought about changing the fees? maybe the ratio of base/percent?

 

[The Integrity]

I'm not sure how reliable PA's insurance is. The site loses if they pay out the insurance so they would try to side with the seller most of the time. There's really no way to reliably prove that a recall had happened.

The admin decides the fee and I'm not sure if he thought about changing.

 

[jigagummyz]

I'm not sure how reliable PA's insurance is. The site loses if they pay out the insurance so they would try to side with the seller most of the time. There's really no way to reliably prove that a recall had happened.

The admin decides the fee and I'm not sure if he thought about changing.

In playerauctions case, money goes through them, payment isn't disbursed until buyer confirms account status. They're probably better equipped to deal with charging back money because of a recall than the average person on PayPal.
Proving a recall is tough, and I would never buy an account from someone who isn't the og owner/doesn't have og email, but in situations where sellers disappear where they could otherwise help you get back an account - therefore you can assume they were involved in a scam - they can do a lot more for the buyer.

 

[EpicNPC]

But yeah even on Playerauctions they have insurance that promises they will side with you and help return funds/litigate to a limited degree in the case of a recall.

We have a post here about websites that offer insurance.
https://www.epicnpc.com/threads/why...r-insurance-plans-for-trade-guardian.1916103/

We have the same system as PA with our Trade Guardian escrow service. Our 6% fee is also much lower than their 10-13% fee.