PayPal Blizzard Relationship CONFIRMED!

[Envisionist]

buying low and selling high can be loosely described as gambling.

Guess we need to arrest everyone who participates in stock purchasing/selling

[nixcookies]

Guess we need to arrest everyone who participates in stock purchasing/selling

I think he meant in-game, it would be a problem since there are no enforceable age restrictions in this game and isn't licensed for gambling.

OT: I think it's great news that paypal and blizzard will be doing business together.

[Simca]

I think he meant in-game, it would be a problem since there are no enforceable age restrictions in this game and isn't licensed for gambling.

OT: I think it's great news that paypal and blizzard will be doing business together.

Player owned businesses have happened in games for nearly a decade. Second Life being the most famous example I can think of.

I doubt there will be any issues at all.

[Majyqman]

No, buying low and selling high can described as capitalism, and the element of random chance in Diablo 3 is entirely independent of any financial transactions.

http://dictionary.reference.com/browse/speculation

When you "buy low" you are gambling (or there would be no risk, and therefor nothing would be to chance) on the stock price rising in order to make a profit.

[theturn]

the bigger problem is money laundering which is the main reason all those poker sites have been shut down for the US.

---------- Post added 2011-09-15 at 04:50 AM ----------

http://dictionary.reference.com/browse/speculation

When you "buy low" you are gambling (or there would be no risk, and therefor nothing would be to chance) on the stock price rising in order to make a profit.

gotta go with this guy. The stock market is gambling, capitalism is selling a product for a price and someone buys it. aka your dollar is more valuable to me than my item and vice versa.

[Khiva]

buying low and selling high can be loosely described as gambling.

Buying low and selling high is not gambling. It's a matter of skill.
Having a super-rare epic item manage to drop for you off a boss, which you can then sell for real-life money, does on the other hand seem like gambling to me. Might be legal as well though, since you're gambling with time rather than cash.
It also might be gambling to force you to pay real money to put an item up for auction that may or may not be purchased.

[Caiada]

Buying low and selling high is not gambling. It's a matter of skill.
Having a super-rare epic item manage to drop for you off a boss, which you can then sell for real-life money, does on the other hand seem like gambling to me. Might be legal as well though, since you're gambling with time rather than cash.
It also might be gambling to force you to pay real money to put an item up for auction that may or may not be purchased.

It's not really gambling with 'buy low and sell high' because of the reason you said, skill. But D3's AH isn't gambling either, because, aside from the initial entry cost (the game), you don't pay any money at all to have a chance at making some money, like in a casino where you'd have to buy chips, or in the lottery buying lottery tickets. I'm pretty sure this follows the legal definition as well but couldn't prove it.

[Khiva]

It's not really gambling with 'buy low and sell high' because of the reason you said, skill. But D3's AH isn't gambling either, because, aside from the initial entry cost (the game), you don't pay any money at all to have a chance at making some money, like in a casino where you'd have to buy chips, or in the lottery buying lottery tickets. I'm pretty sure this follows the legal definition as well but couldn't prove it.

You are paying money for the chance to make money. You have to pay an initial cost of real money to put anything up for auction, and if the item doesn't sell you're out cash with nothing in return.

[Caiada]

You are paying money for the chance to make money. You have to pay an initial cost of real money to put anything up for auction, and if the item doesn't sell you're out cash with nothing in return.

They give you free auctions every week. There's another flat fee if your item sells. The initial cost is to play Diablo 3, not to make money.

[thrill]

I use Paypal quite often and they dont charge me a penny for transactions between my bank account and paypal, they make their money with the currency that floats on paypal accounts.

Clearly you've never actually moved money from your paypal account to your bank account, so why present your incorrect view? Moving money TO your paypal account costs you nothing, moving money FROM your paypal account costs around 2-4% of the transferred funds, depending on account level.

[Obsession]

I just figured they decided to use PayPal because it's the most popular option out there.

I'd hold off on any conspiracy crap.

Nothing else to see here.

I'm glad that they are using a major third party that has been in the business for years and is well-known. I get my real life dollars with a company that has 24 hour customer support and have had an account with them for 8+ years now. I'll pay the small (<5%, probably less because this is such a HUGE deal) for the services PayPal has always provided.

[hakujinbakasama]

I use Paypal quite often and they dont charge me a penny for transactions between my bank account and paypal, they make their money with the currency that floats on paypal accounts.

it might be a certain amount then. I sold some stuff on ebay a few years ago and after paying Ebay their share and then paypal, what was 650 became, 575 pretty quickly. I think for the 500-1000 amount it was a $25.00 fee at the time.

[Sukaduk]

Clearly you've never actually moved money from your paypal account to your bank account, so why present your incorrect view? Moving money TO your paypal account costs you nothing, moving money FROM your paypal account costs around 2-4% of the transferred funds, depending on account level.

I can transfer money that I make on ebay from paypal to may checking account for no fee as well, I was honestly surprised by it.

EDIT: Ahh upon further investigation if you have your bank account linked to your paypal then there are no transfer fees

[thrill]

I can transfer money that I make on ebay from paypal to may checking account for no fee as well, I was honestly surprised by it.

You probably just aren't noticing the difference between the amount you transferred, and the amount that actually arrives.

[Deleted]

Which is an interesting concept since the same is true for Ebay if you really look at it. Which, in and of itself, isn't bound by any "gambling" laws and thus I doubt D3 will be either.


On my personal note on this.... HA HA HA HA HA HA on the paypal thing. Last I checked, their transaction costs for getting money from your paypal account to a checking account was really crappy. So unless you're planning on spending that money on another online venue, it's not going to yield the profits from game play people kept trying to present. The only chance out of that is if Paypal gives a separate discount over their own current subscribers which would be a very odd stance to take.

incorrect i have a paypal card that draws money directly from my paypal acc and i pay no fees on purchasing

[Sukaduk]

You probably just aren't noticing the difference between the amount you transferred, and the amount that actually arrives.

No I made 26.82 on my last sale and transferred and received 26.82 in my checking account.

https://www.paypal.com/cgi-bin/websc...l-fees-outside

[hakujinbakasama]

No I made 26.82 on my last sale and transferred and received 26.82 in my checking account.

https://www.paypal.com/cgi-bin/websc...l-fees-outside

That doesn't say if there is a handling fee to transfer money from your paypal account to your checking account.

Also...
https://www.paypal.com/cgi-bin/websc...ide&countries=
States that you pay a % of incoming payments based on a scale of incoming amounts.

[Sukaduk]

That doesn't say if there is a handling fee to transfer money from your paypal account to your checking account.

Also...
https://www.paypal.com/cgi-bin/websc...ide&countries=
States that you pay a % of incoming payments based on a scale of incoming amounts.

I withdraw money from my paypal to my bank account and since my bank is the US, and my currency is USD it's free. What do you not get?

[Brandoh]

Doesn't matter to me, I wont be using this feature anyways.

useful post is useful.

[Fraza]

I guess this also means that the RMAH will have at minimum 4 cuts now: the Listing Fee cut, the Transaction Fee, the Cash Out cut, and the PayPal Cash Out cut and other miscellaneous fees. There's also the government's cut.

Don't forget paypal's transaction fee.

I wonder if the paypal fee to withdraw your money will be in addition to the blizzard fee to withdraw your money

Yo dawg, we heard you liked paying fees to withdraw your money so we added fees to withdraw your money so you can pay a fee to withdraw your money while paying a fee to withdraw your money.