Cea
Prowler
- Joined
- Jan 20, 2010
- Posts
- 1,082
- Location
- Sweden
- Society
- NBK Miners
- Avatar Name
- Celesta Cea Stellaris
"God is in the Details"
Ludwig Mies van der Rohe (German born American Architect. 1886-1969).
Ludwig Mies van der Rohe (German born American Architect. 1886-1969).
I am not taking into account any extra fees your bank may or may not take during money transfers to or from EU.
Some thoughts about the supposed fixed PED rate to US$. This is a bit false marketing, really.
[br]Click to enlarge[/br]
So let's deposit $100 U.S. and see how many PEDs we got:
[br]Click to enlarge[/br]
In my book the PED to $ rate will be 965PED/100$ = 9.65 (or, a rate of 9.65:1 not a rate of 10:1).
OK suppose we have somehow gotten 1000 PED or more in-game. Even if none of those PEDs have originated from deposits (with rate of 9.65:1), do we really get a rate of 10:1 when withdrawing it? A dollar in your pocket is a real dollar. A dollar in EU floating around as PEDs is not a real dollar.
[br]Click to enlarge[/br]
This 1% fee gives 1000 PED = $100 - $1 = $99. The rate here will be 1000/99 = 10.10(or, 10.10:1 not 10:1). Or, for every withdrawn dollar we need 10.10 PED.
Conclusion: MindArk's buying rate is 9.65:1 and selling rate is 10.10:1
When exactly is the rate 10:1?
Just some thoughts about this. It's a minor fee if you withdraw, but it really ticks me off to see some $ disappear into some surreal fee at every deposit. I take that as an additional cost, but everyone seems to be talking about this 10:1 rate; it's an example of how clever marketing can make money disappear.
Now I got a headache.
Thoughs about this?