Venezuelans and gold selling

no support for this idea at all regardless of what the suggestion ends up being. it's pretty ironic that you are suggesting this because I seem to recall most of your ideas tend to float round the idea of the free market and business doing whatever is within their rights and letting the market sort it out.

there are plenty of flippers and businesses who offer higher selling prices than what you might consider fair, or lower buying prices. All of these business exist in different niches and those niches as well as their advertising schemas and formats offer them different client populations who will buy and sell for different rates. It's easy for you to say they are getting taken advantage of because you don't like the low rate, but the business offer services that are favorable to that customer population and that allows them to set the prices they would like to use. In this instance South American sites can offer many things like an entire list of payment options that can be quite difficult to get access to otherwise. There are like 10+ payment options that are popular across south america and many require having a bank within a given country to be able to send the bank transfer. ALl the staff probably speak spanish, and many of the ven business have special methods for preventing bans despite venezula being an extremely 'hot' area in terms of bans on their IP's

It seems like you are equating lower buying prices to being sketchy or untrustworthy in your comment to make a list of 'trusted flippers' who offer ven bank options.

This is just the same as the fact that many US sellers charge higher prices to buy via payment methods like cashapp and zelle as opposed to crypto, because it's convenient for customers to use these payments and they would rather pay more than figure out another option.

In reality so many people could get better prices if they did some more research but they are paying for convenience and ease of access. To try and blacklist business offering convenience to customers just because you don't like their prices seems silly. I'm sure there is still competition between ven gold buying services it's just a lower market standard, as far as prices, in general. There are a number of flippers who simply buy from Venezuelans all day then come dump to sythe resellers at the end of each day. These are venezualans who have figured out and done research about how to sell at a higher price using different methods than what's easiest and that's why they occupy this position. All the venezualans could do this if they desired but they might be focusing on something else like the most effective way to farm their gold rather than the most effective way to sell it. Just so many things wrong with this idea in terms of the free market

 

your description of the events doesn't seem to list scamming anywhere but then you're talking about sketchy behavior scamming and trustworthiness. It's not even as if there is one large venezualan site that is a monopoly and there are no others. It is an open market with tons of buyers to choose from and they all probably are competitive within the market by offering competetive pricing for THAT MARKET. You also talk about the language barrier as if the companies are taking advantage of it. Language barriers are a thing and you can't just get rid of them, they offer services in a language the customers know and speak. All the reasons you listed for why they sell gold to those sites, seem like the same reasons americans buy gold at very high rates from sites here. Fear of being scammed ( ie using a site they trust ) language barrier ( ie they can't buy direct from venezualans if they don't speak spanish) and lack of knowldge ( ie customer doesn't want to spend time reserching best rate or isnt' aware of other sellers)

 

Venezuelans as a population might not have the largest access to sythe and it probably is the minority who can speak english and figure out the market that are here participating. but you're portraying a scenario where if you can't get on sythe there is no market, and only some unfair monopoly. There are RS markets in probably every different language where demand for RS gold exists. To say that there is a monopoly because someone saw a gold site on facebook and never used another one is ridiculous. Sure probemas runs a ton of ads and if you see one and then only use probemas you'll get bad rates compared to the average market price, but that doesn't mean it's a monopoly just because you saw on ad and decided to look no further. While I can't give specefic examples because i'm not in the VEN marketplace, I can promise there are tons of options for different sites and buyers who will buy VEN gold. Just from being in the gold market I know at least 10 different people or entities that buy gold from Venezuelans and offer all the niche conveniences Venezuelan people need. So I don't know why you would think there is only one or even only two or even only a handful of people controlling the Venezuelan gold buying service.

I think that if you think your workers are getting 'ripped off' you should probably help recommend them some sites that offer better pricing. But from what I can see in your post when your worker told you the price he had to sell at you recommended him a bunch of sites and services not tailored to VEN that don't offer the proper payment methods. So what you should do is maybe compile a list of sites that actually offer the service your workers need and then pick the one with the best pricing and promote that one or tell them about it.

If we let you make the list of VEN sites to buy from just based on what services have the most overal competetive pricing then you'll have yanlili (who you specefically referenced), who is based in china and has no VEN payment options sending 3rd party paypal payments from their customers joe scmoe to your peruvian/Ven/etc workers and telling them in english that it's all going to work out
( no offense meant to yanlili this last line is exaggerated for humor)

 

This sounds more like an issue of rendering payment to your workers. The way you worded your post it sounds like you're paying them a flat $ rate, but never checked to make sure you could pay them. It sounds more like you're being charged a 25% fee because you never specified how you would get them payment and you're passing the cost on to them. That's why most servers end up charging their customers OSRS GP and pay their workers in OSRS GP (minus the server cut) to not cause this issue, and so the workers can figure out what they're going to be paid. If we're going to create a list of websites that are good for workers to sell their gold to, should we also create a list of employers that aren't able to pay via certain methods so that workers know to stay away from working for them?

 

@President , the reason they offer .40/m to Venezuelan is because of the fee you gotta convert zelle-physical cash-sell the physical cash for BSS(venezuelan money) and that cost a lot in fee. for my case I sell $1 for zelle or btc and the person that get it charge between 3-5%. and then to convert that dollar into Venezuelan money they take another 6-10%. now do the math and you will know why they offer that rate to them.... but I have others cases where they sell me gold via BTC and I pay them fully at the market price and I still make some profit.

I understand a lot of people exploit them and trust me I not one of them but when it comes about gold sales you can't expect people to be fair... I run a services with over 28 services provider now and I pay them %% not $30-$40 like most provider do. each of my worker make at least $200-$300 monthly when they do services. but when is about gold sale they gotta expect this.

I used to pay them .44/m in Venezuelan money but then I notice I wasn't making a cent profit and I had to figured out the cause so yeah you end losing about 15%-20% in fee.... if you want some information just message me in discord

the only thing I agree with you is about people exploiting them for services with is sad and fucked up.... but about gold sale is better if you get to know the whole thing first. I lost near $200 when I entered this market for buying their gold and trust me so far no one can beat my price in their market since I am paying the best I can

you gotta keep in mind that one dollar is near 3M in venezuelan money and that 3M next week doesn't cost $1 but probably like 70cents.

 

Ultimately this entire post is one big circle-jerk as there's not really a realistic solution to the problem you're providing.
As others have pointed out, it's a free market and the prices companies provide is their prerogative.
Even if there were some sort of standardized pricing, the issue then becomes like you said, it costs money to be able to get the money to that Venezuelan (through exchange rates and such)

This isn't just a problem for Venezuela, even as a Canadian, if I get money sent to me on PayPal, if it's sent in CAD, I get completely shafted because PayPal just makes up their own exchange rates. The same is said for just about any payment processor that's converting your cash from USD to CAD, as they all set their own exchange rates, and they want to get paid too.

At the end of the day the beauty of the free market is that you have the freedom to do your research and determine the best person/company to give your business. If your workers aren't doing that research, that's on them; and if they're getting their best dollar from these guys, and 0.40/m is just a normal rate after the cost of converting the currencies, then it's on them to KNOW that they'll be incurring those costs, and to adjust the prices they're giving to you for the jobs accordingly.

 

Also, the competition is hard and some gold seller are afraid of competition since they don't have a solid foundation. for example there are few that are scared of me I wont tell names but @SUPERGOLDVE can be a example. for example, since I give the best price this guy been paying clans to ban me or my manager from their discord since his scared