[DENIED] Inaccurate/misleading pricing in gold selling threads

Attention: Any site mentioned please remember this is not an attack on anyone's business, if you wish for me to censor your name I will. ​

Goal:

Any gold site that accepts more than one type of payment method can only advertise the price that is most accessible to the majority of their customer base in their thread title. IE If your gold site has 3 payment methods: A,B,C. Your advertised title price must be the price that matches the highest percentage used by your customer base without being asked (If A accounts for 40% B accounts for 30%, and C counts for 30% you must show the price of A in term of number of transactions NOT dollar amount). If you want to offer special deals to Sythe members because you have organic traffic from other places offer a coupon that will discount the price to the number you wish to provide to Sythe members.




It seems that in order to be competitive these days you need to add hidden fees onto the total when paying with the primary payment processor on a lot of gold sites (G2A pay)

Can I please get clarification on the false advertising rule? How is it that people can just advertise a low rate and then charge a fee (ranging from 2.49%-4% for their primary payment option)? Customers are lured to the site due to the advertised low cost of gold, but when they are planning on paying they are hit with a fee to use the most accessible option (CC, Paypal, etc)

My suggestion: In order to follow the false advertising rule, a site must advertise the price that the majority of their users have access to. This prevents me from posting "selling gold .95/m but you have to drive out to my house and deliver cash in 1 dollar bills, but you can buy via paypal at 1.1/m."


Please refer to

Aribagold.com - only way to avoid fee is to use payment option that is not very popular (g2a wallet) whereas I would bet that the majority of their customers are using options that would result in a fee

Rsgoldfund.com - they add a hidden fee, it's literally not even stated. You see their advertised price, you add the amount you want to your cart, and when you go to checkout it's automatically added without consent of the buyer- at this point it's they're already committed and a few extra dollars won't lose their business but it's pretty ridiculous that this is allowed

Partypeteshop.com - same as above, advertised low price but only allows no fee via bitcoin.


How does this system benefit ANYONE other than merchants? Sythe is for the community, it's not gold site's cash cow. It's hard to justify passing your own transaction costs to the buyer - It makes sense to the business owner, but provides no utility for the consumer.

5/21/2018 Update:

Notice how they advertise .8/m but if you actually look at the options that are at that price they are not very accessible. For example.:BTC transactions are commonly known to be relatively risk free, thus anyone will take even a 5 cent margin and be happy - the majority of the payments the website receives are paying some sort of fee (for assuming the added risk of friendly fraud)...


Screenshot - 0a5c7517ca39e67daa799ac9d3e2d419 - Gyazo

As you can see from this example the fee for g2a is 3.9%, paypal is the same, etc. Only are the methods that are either crypto or have base fixedcosts for the customer (WU/wire) do they get the advertised rate. My argument is that gold sites should only advertise on their title the price that the majority of their customers receive. If any of these gold sites want to prove that they are receiving more 0 fee transactions than the 3.9% then by all means do it. I know they can't. We have to remember that in order for new sythe members and visitors to have good trading experience here we can't be bait and switching the price when they go to checkout. Gold sites have the burden to be responsible traders - although this is not regulated I feel like a rule that disallows misleading advertisements is beneficial to the community. Most new members just see a low price, click and then purchase without doing all the research. By having the fees added on when they've already effectively given their commitment, they are more inclined just to go with the flow and pay the extra dollar or so. This may not seem like a lot, but for low margin businesses this amount really adds up..

More example:

Screenshot - 4a1c87a35e2f353c1d08d33669425a3b - Gyazo

Example 2 (they advertise .79/M)
I go to their site put 100m in and it shows at 79.4 (only a little more, customer wouldn't care right?)

Screenshot - e9e5022f7b41cc6456be184163383b82 - Gyazo
After you go to checkout you're hit in the face with a fee page...nothing in the title of the thread did they say this exists...okay, let's see what we can get a 2.49% fee with...oh I'm in the US so I don't have Neteller, Alipay, Sofort, Unionpay, or Ideal. I guess I can pay with bitcoin, but i don't really want to mess with imaginary money...

So your average consumer would go ahead and click credit card/paypal as that's the most accessible option, 2.49% that's not a bad fee...

Screenshot - f81fb6a4b1a89f586c2d4e80be70f584 - Gyazo

They then proceed to checkout and see the end price of $82.26. That's .8226/M. If you do the math, that's actually

a 4.12% fee. The website said it was a 2.49% fee. At this point the customers too committed to argue over a little over a dollar. They will generally just go ahead and make the purchase.

Screenshot - c715bd04d76ba85a9c5da777379ca836 - Gyazo


I know every website around here is trustworthy and honest, I just don't want to have to mislead my customer in order to stay competitive. If anyone's site was mentioned in this post please do not take offense. I do not mean to attack anyone's business. I merely do not want to waste money just to implement a fee system for G2A just to be able to advertise a true price that is lower than my competitors.

If anyone wants to convince me otherwise, please feel free to comment. I welcome the debate!

Bottom line: Gold sellers shouldn't have to implement misleading pricing techniques in order to gain clicks to their website. Not only does this create a bad experience for the customer (however minuscule) but it also requires every site to expend money implementing a system like a fee page in order to stay competitive. Sythe is a platform that depends on the overall experience of ALL users that frequent the sites. By continuing to allow misleading advertising the site will set a precedent that merchants can do whatever they please just to line their pockets for marginal incremental amounts. I appreciate the community as well as the opportunity that Sythe has allowed me and would hate to see the community be negatively impacted in any way due to merchant greed.

 

Fees generally are not included in prices everywhere else. When you buy a TV does it say $700 or does it say $784?

They're not pocketing the money and are offloading the cost of business on to you for the privilege of buying their services using the payment method you wanted to use. The beauty of a free market is that you can go somewhere else. Their advertised prices are correct if you use the right payment method.

Also, re: rsgoldfund's "hidden fee" - if it's displayed to you before you pay then it's not hidden you retard mongrel fuck. Amazon displays tax on the very last checkout page, is that hidden too?

Fucking downie.

 

Yikes!

would be interesting to hear from the point of view of a website owner

 

Loll because the fee is decided by the site owner? Taxes are established by the government so it doesn’t fluctuate amongst different vendors. This fee is variable because some merchants have better agreements with processors. Going back to your example, amazon merchants don’t tack on amazon’s fee when they selling products.

Also it’s not a “free market” we have to follow whatever rules sythe sets because it’s his personal forum. I’m just saying it’s unfair for customers to expect a certain price then have fees added on. I’m not saying what’s right or wrong I just want clarification on the rule.


But idk I’m “retard mongrel fuck” what do I know

 

Support Hub - G2A.COM

Anyone who used g2a pay for their site, has fees except for g2a wallet. its not the fact that they are adding hidden fees, its just out of their control. the fees can very between amounts of gold, and they have no control over it. They are advertising the right price to the best of their ability.

 

I understand, but when you add on a fee for the PRIMARY payment processor you are selling the gold at advertised rate+fee, you’re not selling it at the rate you advertised. There’s plenty of laws that prohibit this exact scenario in real business- you add the fee as a cost of doing business to your final price. For example, would a nail salon charge you for the utilities or credit card processing fees accrued for each transaction? So why would a site charge a fee for their primary payment processor?

 

You ever dealt with an ISP company? Hidden fees galore. It’s nothing new

 

You’re just basing it off a stereotype - but in any case you what is the limit? Is it okay for me to advertise for example 1$/m for btc only but a 10% fee for everything else? Or does it have to be capped? What’s stopping me from saying I only take dogecoin for the advertised rate but now that I have your attention and in chat I can offer to beat any rate you find? It’s misleading to customers

 

And I mean it’s not hard for me to implement but I’m just wanting to clarify before I add on fees to g2a just to stay competitive

 

It’s the shrewd way of doing business. It’s not as if you make the purchase at the advertised rate and afterwards you see it’s 10% more; you see the fee before you confirm your purchase. And what’s stopping you, you ask? Nothing. Put it in tiny size 6 font stuffed somewhere in your Terms and Conditions somewhere or as an asterisk or anything. These are common marketing tactics seen everywhere.

At the end of the day it’s up to the consumer to make the purchase or not. If they find 10% fees before they buy, they’re less likely to buy and some of them may find a place elsewhere. If they buy anyways, they were willing to pay that price going in due to reputation, customer service or whatever.

If you offer a price matching or price beating policy, so long as you follow the terms you’ve laid out then it’s fine. You’ll match any stated price so long as the consumer provides proof that the price is actively being followed and the company readily has inventory to sell is the usual terms. Nothing wrong with that

 

Wouldn’t that be considered a bait and switch? The hardest part in this market is to get a buyer in the process of buying. That’s why many businesses being the customer in (car dealership) and then once they are in the buying mood they upsell and add on other products. This is relatable in the way that once the customer thinks he’s agreed on a price, he is much more willing to compromise when it comes to a fee (that’s not too unreasonable) Once it’s already on their mind that they are going to buy

 

Are You Unknowingly Using Bait and Switch Marketing?

Keep in mind I don’t know definitions so I just googled what that exactly entails. The act of it is illegal it seems but, as with everything, there are ways to get around it. Limited quantities, asterisks staying that price is only available for a preferred payment method, using the “for as low as $1/m” phrasing. If your personal stance is no gimmicky phrasing or terms and conditions, then that’s fine but I feel it puts you in a minority that feels that way. Regardless, if you ban some of these methods newer ones will pop up. There is always a way around something.

 

bump @video

would like update before I too update my site with a fee calculator for everything

 

This has always been one of my least favorite things. Personally I think the allowed advertised price should be the highest price

Basically if you have BTC at .60/mil, and PP at .66/mil. You should only be allowed to advertise the PP price.

 

@Lalapo14

The price in your title must be a price that someone can go onto your livechat and pay for gold through a reasonable method (paypal, btc, g2a, etc.) If I go on your livechat and the worker says they do not sell gold for the rate in the sythe thread title for any method, then that is where the violation occurs

 

I understand that- can you take a look at Aribagold, RSgoldmine, RSgoldfund, etc?

Notice how they advertise .8/m but if you actually look at the options that are at that price they are not very accessible. For example.:BTC transactions are commonly known to be relatively risk free, thus anyone will take even a 5 cent margin and be happy - the majority of the payments the website receives are paying some sort of fee (for assuming the added risk of friendly fraud)...


Screenshot - 0a5c7517ca39e67daa799ac9d3e2d419 - Gyazo

As you can see from this example the fee for g2a is 3.9%, paypal is the same, etc. Only are the methods that are either crypto or have base fixedcosts for the customer (WU/wire) do they get the advertised rate. My argument is that gold sites should only advertise on their title the price that the majority of their customers receive. If any of these gold sites want to prove that they are receiving more 0 fee transactions than the 3.9% then by all means do it. I know they can't. We have to remember that in order for new sythe members and visitors to have good trading experience here we can't be bait and switching the price when they go to checkout. Gold sites have the burden to be responsible traders - although this is not regulated I feel like a rule that disallows misleading advertisements is beneficial to the community. Most new members just see a low price, click and then purchase without doing all the research. By having the fees added on when they've already effectively given their commitment, they are more inclined just to go with the flow and pay the extra dollar or so. This may not seem like a lot, but for low margin businesses this amount really adds up..

More example:

Screenshot - 4a1c87a35e2f353c1d08d33669425a3b - Gyazo

Example 2 (they advertise .79/M)
I go to their site put 100m in and it shows at 79.4 (only a little more, customer wouldn't care right?)

Screenshot - e9e5022f7b41cc6456be184163383b82 - Gyazo
After you go to checkout you're hit in the face with a fee page...nothing in the title of the thread did they say this exists...okay, let's see what we can get a 2.49% fee with...oh I'm in the US so I don't have Neteller, Alipay, Sofort, Unionpay, or Ideal. I guess I can pay with bitcoin, but i don't really want to mess with imaginary money...

So your average consumer would go ahead and click credit card/paypal as that's the most accessible option, 2.49% that's not a bad fee...

Screenshot - f81fb6a4b1a89f586c2d4e80be70f584 - Gyazo

They then proceed to checkout and see the end price of $82.26. That's .8226/M. If you do the math, that's actually

a 4.12% fee. The website said it was a 2.49% fee. At this point the customers too committed to argue over a little over a dollar. They will generally just go ahead and make the purchase.

Screenshot - c715bd04d76ba85a9c5da777379ca836 - Gyazo


I know every website around here is trustworthy and honest, I just don't want to have to mislead my customer in order to stay competitive. If anyone's site was mentioned in this post please do not take offense. I do not mean to attack anyone's business. I merely do not want to waste money just to implement a fee system for G2A just to be able to advertise a true price that is lower than my competitors.

If anyone wants to convince me otherwise, please feel free to comment. I welcome the debate!

Bottom line: Gold sellers shouldn't have to implement misleading pricing techniques in order to gain clicks to their website. Not only does this create a bad experience for the customer (however minuscule) but it also requires every site to expend money implementing a system like a fee page in order to stay competitive. Sythe is a platform that depends on the overall experience of ALL users that frequent the sites. By continuing to allow misleading advertising the site will set a precedent that merchants can do whatever they please just to line their pockets for marginal incremental amounts. I appreciate the community as well as the opportunity that Sythe has allowed me and would hate to see the community be negatively impacted in any way due to merchant greed.

 

So for example we can add btc into our payment options and charge whatever % we want in our other payments options?

So basically under the same rule, we can state that we are selling at .60/m but only receiving Cash in Caracas Airport at .60/m and mislead every customer into our site?

Right now bogla is advertising at .82/m however when you checkout price goes up to .852
PayPal: 100m at .82/m goes to $85.2 http://prntscr.com/jkvzfh
Credit/Debit Card: 100m at .82/m goes up to $85.2 http://prntscr.com/jkvzva
Skrill: 100m at .82/m goes up to $85.2 http://prntscr.com/jkw0gn
Sofort Banking: 100m at .82/m goes up to $85.2 http://prntscr.com/jkw0l0
G2A Pay: 100m at .82/m goes up to $85.2 http://prntscr.com/jkw0rv

Ariba is advertising at .79/m however when you checkout price goes to .794 without even checking out, and when you checkout with paypal, skrill or creditcards more fees applies

I don't have anything against these sites just used them as example

 

Checkout fees are generally not charged by the websites, so those fees do not need to be included in the titles (kinda like how prices don't usually include tax, except in Europe buncha cucks). Requiring that businesses list the paypal price for gold in their threads is unnecessary work for staff and no one's violating the false advertising rule by advertising their bitcoin rate