I did this calculation:
If I buy 2500L$, it cost me $9.73, and with transaction fee of US1.49 the final cost is US$11.22
If I sell an item on the MP for L$2500, I now get L$2250 for it. (10% LL commission as of Dec 2nd 2019)
When I sell the L$2250, I get US$8.13. (3.5% transaction fee to LL)
When I withdraw the balance to my bank, I get US$7.72 (5% Transaction fee to LL)
So if a SL member buys L$2500 and the merchant cashes it in, we are seeing a transformation of US$11.22 to US$7.72, and LL are effectively taking 31.2% for themselves.
LL say in thier blog post: ”This new rate remains significantly lower than most digital content commissions across the industry. Apple and Google charge a 30% commission on sales in their app stores, as do many other popular virtual worlds, VR and gaming platforms, such as Oculus and Sinespace.”
They refer just to the 10% MP commission, but we see that LL is actually creaming off over 30% if you follow the money from start to finish.
10% MP commission is one thing, but then all the other charges just add up to something that is somewhat unfair.