So, will it be safer to buy games on G2A from now on?
It'll probably be more expensive from now on though. xD
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Not at all. When you're partnered as a developer or wholesaler you have all fees waived except the sale fee that is universal to every sale on the site.
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sale fee
isn't that one the biggest either-way? Which fees are gone?
When now a big bunch of smaller sellers vanish than the rest has less competition therefore less price pressure. I concur that rock bottom prices are likely to rise.
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why do companies seem to hate profits nowadays
in a related note i will bet that this is the weakest steam summer sale profits steam has ever seen by a long shot
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They're trying to gain a good reputation because they're considered untrustworthy. Still, that'll probably be their downfall. :P Kinguin keeps rising.
in a related not i will bet that this is the weakest steam summer sale profits steam has ever seen by a long shot
True that. :(
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They lost their window of opportunity with Gearbox fiasco. But still I don't think it will be their downfall, with so many sponsorship on major events and backed up by many youtubers.
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The point being that by buying the people who are vouching for you, those peoples word can be safely be disregarded. :P
Though I suppose this overestimates the attention span of the average internet user. I mean... people are still buying those 'random keys' after all.
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I think they earned healthy chunk of profit from me.
People all have been saying weakest profit, no profit, Volvo no brain, yet they're still doing this kind of sale - meaning it works for them.
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to be fair this is their first sale since so they dont know yet if it works
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Is there a way to see how much profit steam got during this sale? I just want to see how low their profit was and laugh at their faces. :(
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Valve never releases numbers. SteamSpy tries a reverse analysis by counting ownership increases but their approach is heavily flawed, including all key activations too for example.
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Valve never releases numbers.
I expected this answer. I hoped they found a way or something.
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It is and it should be, so that they will change their decisions.
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I don't think the summer sale is going bad for Valve.
The percentage of people that used buy games to keep them in the inventory was low.
Most users just buy for themselves or to give to a friend. And they keep doing that.
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Won't change much, isn't that hard to 'start' a business.
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Like, how easy it is? o.O Did you see what documents they're asking people to commit?
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Yeah, wasn't that hard for G2A themselves to come up with them ;>.
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But, to start a company, you need a lot of money, right?
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It's enough to buy "adress" in tax heaven country and they will handle everything. You don't have office, employers or don't have to pay any taxes. And have confirmation that you have company (along with x other ppl at the same adress).
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You will have company with weird name - like McDonald Inc - instead of (common in Poland) McDonald Sp. z. o. o. And it's company on paper, that's why you can have few dozens (hundreds) of "companies" use the same address.
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Depends... On location and definition of lot... For Finland you could found a company for 2500€ + fees. And this is a real company with shareholder(s).
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For a "sole proprietor" business, it's no more or less than what the tax office wants to see in my country. Doesn't take much to set up and maintain.
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In my country setting a private enterprise is a matter of an appointment with a notary and ~$20 in initial fees. Closing PE is a fucking nightmare though.
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But how easy can it be? You always need some money to start and maintain a company.
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No you don't. In Holland it is completely free. All you need is a computer and a signature. So owning a pen is useful.
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Everyone here says that it's free to do this and easy to do that, etc. Why the heck does it look like hell in Greece then? We have so much bureaucracy and taxes in here that satan would be proud of our government. xD
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In the UK (for a business model covering something like this) you just have to declare yourself as a "sole trader" to the tax man.
Job done.
Thing is, the tax man then has to quantify what you're doing to make money from your tax forms, and if they cant, they investigate and audit you. THAT could be preblematic (for both G2A and the dodgy folks that use it).
Fact is, this wont make the place any less scummy, nor any safer.
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In my state it's an online form and $20 to setup a sole proprietorship. After that as long as you pay any owed taxes you're good to go.
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- Start a business on totally shaky legal grounds
- Allow individual sellers to build your brand for you
- Profit
- Go "legit" before the legal heat comes down and conveniently forget building your entire business on grey market practices
Yay, capitalism.
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right still baffles me how they survived, not even grey area, what they did was outright illegal
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It's simple. These companies gamble that they will make enough profit to grease the right palms when the hammer does inevitably come down. Once they've escaped prosecution, they wind up the PR machine and go legitimate utilizing more of those initial profits earned under questionable circumstances.
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Had been selling gifts there - they've sent out several mails about it.
There's also some video explaining how VAT MOSS (taxing model) is going to be the rule starting 1st July - also pretending as if they had been paying VAT Taxes so far (yeah sure, maybe enough so it doesn't look like 100% tax evasion). They're also stating that they are not going to snitch on you lol. The video is not listed btw. also probably constantly changing - either bad ratings or other "issues".
https://www.youtube.com/watch?v=NptxSfG_L-M
Basically ditching all responsibility to their "customers and selling customers" by "you choose the VAT to pay (totally legit lol) + you choose to pay VAT taxes (roight m8te). Too bad this won't ruin the site - as people in bunghole countries, effectively don't even have to give a damn + so called "1 man enterprises" continuing doing business as usual > git bunduru, sell bunduru.
from the 1st mail:
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Aren't they merely trying to repair their reputation? And how will that affect G2A? Increased prices? More trustworthy sellers? Less profits for them?
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To me it looks they have enough "partners" to run the site efficiently, their trying shape their foothold on the market into a more
stable/permanent model, that at very least wouldn't blow up directly in their faces, when shady biz blows up as it usually does.
-> tl;dr: "we wuz legit N' shit"
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More trustworthy sellers
Buyers will get names and addresses from sellers, so yeah somewhat.
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Reading the email and watching the videos just made it clear that G2A just wants the burden of taxation to be transferred to the seller lol. I've studied a bit of basic taxation law enough to know that they're just being cheap douchebags.
But hey, at least they're "trying" to go legit.
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It's a quite a nightmare from my understanding... I wonder what is exact legal status of G2A as marketplace. And them being a payment processor affecting that status. They might be in the clear, but EU tax market is a complicated place...
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I always found it laughable that they gave buyers the option to select their tax region, including 'none'.
Try as they might, they won't be able to erase history. It's going to haunt them and with good reason.
Their best bet might have been to start off under a new name and a fresh slate, but at least this way we know where they are.
Mostly.
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In related news, the number of newly started private enterprises in the IT and commercial segment in Russia will see an all-time high in June 2017.
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the poll should say: "will this improve the general g2a experience or not?"
and I say no.
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When you say "experience", what exactly do you mean? Their support is fast and their prices are low though. :P
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yes, I was mostly talking about prices. but also the number choices to buy from and thing like that
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Their sources and methods are questionable, their system is flawed.
The experience is a whole package, not just how low the gray market can sell and how quickly a legally wobbly site can respond to potential timebombs. ;P
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I still kinda like their random attempt at guilt-tripping people into staying subscribed by using that sad, sad little squirrel xD. So random and out of the blue, hehe.
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Heh, everyone hates the G2A shield. I'm wondering if anyone uses it currently. xD
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YAY! Finally the death of G2A. Next up, Kinguin. :D
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That'll be quite difficult to see actually, but you never know. xD
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Well, I guess it's time to fully shift from selling to trading. It was pretty nice to be able to make money with videogames though, I've sold around $1500 of games on G2A.
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I was mostly trading on steam, but all the steam rule changes made me stop trading. I used to sell on G2A and Kinguin with the help of a friend though, but I have stopped trading now anyway.
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Nice try g2a , still not buying anything from there tho .
With all seriousness they ware fine with people getting scammed for too long for me to give them any second chance .
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G2A was randomly banning auctions though and asking the sellers for proof of purchase before letting them re-open them. :P So, they were trying to protect the buyers, but they still didn't want to stop the influx of games being sold in their site.
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Took them awhile eh .
Guess we wait and see what disaster this ends up being .
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Im selling some games on G2A. And this change is the pain in my ass. Required a lot of documents and then, they pass a bunch of TAX responsibilities to seller and they say give seller more decision power.
Power my ass. I see only trouble. I will quit selling in there.
Im cuming Kinguin.
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Like when they were banning the auctions and asking for proof for purchase wasn't enough, now G2A wants you to become a mogul. xD
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This was where I'd go if there was a game in the Humble Monthly Bundle I was interested in. Was much cheaper to buy the one or two games I wanted. As soon as the Monthly Bundle was released, people would start listing keys and undercutting each other. You could generally tell these were regular people with the low numbers and past history of Humble Bundle games being sold.
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Yeah, G2A was probably the cheapest option, even cheaper than Kinguin.
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So g2a will be place for resellers like GMG, gamersgate, ig etc to open a store and sell their games on the platform ? wait what ?
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Well it looks like this is not the case.
http://www.pcgamer.com/g2a-update-means-key-sellers-must-provide-their-name-and-address-to-buyers/
From the article is seems that the only change is that sellers will have to give them our names and addresses.
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Names and addresses were already a thing. xD The e-mails they sent to the sellers were talking about creating a business.
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Buyers see the name and address of sellers
So I'm guessing there will be 1-10 sellers left after the change.
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I've heard it from a friend, but I searched the internet to find more information about that, so here you are: https://www.reddit.com/r/g2a/comments/6j2tpj/so_g2a_is_making_smaller_sellers_unable_to_sell/
Only registered businesses will be able to sell on G2A from now on. If you were a G2A seller and made a lot of profits by selling games on G2A, then you won't be able to sell anything anymore.
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