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Thread: Set rate?

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    Hikari's Avatar
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    Set rate?

    I don't know if this is the right forum, but does anyone think it would be a better idea to have a set rate on $:g on the forums? Just a suggestion since there's been a lot of competition lately due to the relative popularity of the site and it might serve better for the sellers and the buyers if there was a set rate like there is on Neopoints, so the rate doesn't keep shooting up. Lower prices for sellers might drive off new potential sellers too.
    Any thoughts on this? Pros or cons? Ideal rate? Keep in mind it's just an idea and that nothing's set in stone unless the admins allow it!

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    If there is enough support for this, it may be a possibility. Keep in mind, we are a Neopets-selling site, so we try to leave the other markets unregulated, but if you guys want it, I don't think it'd be impossible to implement.

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    A set rate sounds like a good idea, it seems like the issue is a surplus of gems available for sale but a limited buyer base currently. I started selling pretty recently compared to some of the others and had some luck in the start but that's slowed down with the rate being so variable and unknown at times. All in all, a set rate would be useful but I do wonder if it would last considering the buyers seem sparse at the moment. I may be wrong so I'd love to hear what others think.

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    Been thinking about that as well, many of the current sellers of gems and treasure state "will sell lowest than anyone else, if you send me proof of their price" which really devaluates the market in the end

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  7. #5

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    There is no need to regulate the prices. The competition is making gems more affordable to buyers. If we lower the rate, it will lower the amount of people purchasing gems. If you can't afford to sell at me and gamerkid's rates, stop selling.

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    Quote Originally Posted by BigEddie View Post
    There is no need to regulate the prices. The competition is making gems more affordable to buyers. If we lower the rate, it will lower the amount of people purchasing gems. If you can't afford to sell at me and gamerkid's rates, stop selling.
    I'm confused. Lowering the rate won't lower the amount of people purchasing gems?
    It's not a matter of lowering the rate, it's having a set price for gems. For example, $2 for 100 gems. Just a made-up one, I have no idea what gems sell for lol.

    ---------- Post added at 04:53 PM ---------- Previous post was at 04:52 PM ----------

    Having a set rate would stop sellers from undercutting each other and keep the price from plummeting, though.

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    Quote Originally Posted by Aura View Post
    I'm confused. Lowering the rate won't lower the amount of people purchasing gems?
    It's not a matter of lowering the rate, it's having a set price for gems. For example, $2 for 100 gems. Just a made-up one, I have no idea what gems sell for lol.

    ---------- Post added at 04:53 PM ---------- Previous post was at 04:52 PM ----------

    Having a set rate would stop sellers from undercutting each other and keep the price from plummeting, though.
    No. There has been an influx in buyers ever since we have raised the gem to $ ratio. More people can afford gems now, which means a slight increase in buyers. If you set a rate that is too low, people will stop buying because it won't be worth it anymore. A lower rate will also mean more people selling, and there is already only a few buyers.
    Last edited by BigE; 11-05-2016 at 07:14 PM.

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    Quote Originally Posted by BigEddie View Post
    No. There has been an influx in buyers ever since we have raised the gem to $ ratio. More people can afford gems now, which means a slight increase in buyers. If you set a rate that is too low, people will stop buying because it won't be worth it anymore. A lower rate will also mean more people selling, and there is already only a few buyers.
    Well, even with the lower rates people were still buying! The standard $1:350 rate was popular for a very long time before it started to rise. Plus, wouldn't it be better for you since you make more money in the end as well?
    If the gem prices keep rising in such a competitive market, eventually sellers will be selling gems for next to nothing. A standard/slightly fluctuating rate might help stop it.
    Plus, since the treasure rates fluctuate on the actual site as well, the gem price would remain stable too
    Personally, the current rate seems good to me, even if the buyer got more out of it in the end I wouldn't want to run other sellers out of the market.

  11. #9

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    Quote Originally Posted by Platinum View Post
    Well, even with the lower rates people were still buying! The standard $1:350 rate was popular for a very long time before it started to rise. Plus, wouldn't it be better for you since you make more money in the end as well?
    If the gem prices keep rising in such a competitive market, eventually sellers will be selling gems for next to nothing. A standard/slightly fluctuating rate might help stop it.
    Plus, since the treasure rates fluctuate on the actual site as well, the gem price would remain stable too
    Personally, the current rate seems good to me, even if the buyer got more out of it in the end I wouldn't want to run other sellers out of the market.
    People are barely buying at $1:550 right now.

  12. #10


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    I've been selling here for a little over a year, so I'll offer my input only because I was one of the people who requested the subforum and because I care about this subforum alot.

    Even with the influx of sellers that have joined, even with the increased rates and competition not much has changed for me as a seller. I haven't changed what I've been doing really at all. I do match rates privately and I'd like to think I have good relationships with my buyers which is why they return. I'm still happy with bumping once in 24 hours and sales have been consistent month to month. the only things that have changed for me is usd to cad conversion and paypal making sneaky changes in the last 2 months.

    Things I will comment on though

    Aggressive bumping. We're a small subforum, there isn't alot of us. Bumping every hour seems unnecessary work. But thats not my business, you do what you feel you need to do. Do the bumping rules apply to us? Thats something I've wondered about and thought to ask since we're having this discussion.

    Calling people out on their sales threads. Maybe I don't browse the neo trades often enough but thats something I've never seen done by sellers to eachother. I think that the recent back and forth that took place was in bad taste and poorly thought out from both sides. Sorry guys but I don't think those kinds of tactics belong here.

    In regards to the rate competition and claims that people are barely buying: Chill

    Stance: I'm indifferent to the fixed rate
    Last edited by Oryx; 11-05-2016 at 08:49 PM.

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