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Where does "house cut" from guild store sales go?

Brrrofski
Brrrofski
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Does it go into the guild bank, the guild master or into the void? Google it and found conflicting answers. Anyone have a definitive answer?
  • Flaminir
    Flaminir
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    It goes into the guild bank as a form of sales tax.

    If your guild has a guild trader this then helps to pay for the bid the following week.
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  • Brrrofski
    Brrrofski
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    100% of it does? I read it was 50/50. Just want to be sure!

    What is the % by the way?
    Edited by Brrrofski on August 16, 2015 2:44PM
  • AlnilamE
    AlnilamE
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    As far as I've been able to observe, half goes into the Guild Bank in form of tax and the other half disappears into the void...
    The Moot Councillor
  • AlnilamE
    AlnilamE
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    Brrrofski wrote: »
    100% of it does? I read it was 50/50. Just want to be sure!

    What is the % by the way?

    From memory, I'm going to say 7%, but I"m not in game right now and have not paid that much attention to it in a while. Easy way to find out is to pretend-list something for 1000g.
    The Moot Councillor
  • anitajoneb17_ESO
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    When you sell something at a certain price, you get 93% of said price. 7% are gone, of which half (3.5%) go to the guild bank ("house cut")and half (3.5%) go to "ZOS/VOID" symbolizing "taxes".

    In other words :
    - Price paid by customer = 100
    - Income to guild bank = 3.5
    - Tax/Void/goldsink = 3.5
    - Your income = 93.

    There is also a fee that you pay to put the item on sale in the first place, it gets refunded when item is actually sold (but not if you cancel the sale or the item is not sold within 30 days). I don't know whether that goes to guild bank or to ZOS/Void though.
    Edited by anitajoneb17_ESO on August 16, 2015 3:00PM
  • Brrrofski
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    Cool, nice one for clearing that up guys
  • sylviermoone
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    I believe the listing fee goes to the gold sink void if the item is canceled/not sold in 30 days.
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  • Volkodav
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    I quit selling stuff at my guilds.They take more than they give to you.I sell something for say as low as 125g,..and I only got back 45g.Thats not good at all.
  • Merlight
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    I quit selling stuff at my guilds.They take more than they give to you.I sell something for say as low as 125g,..and I only got back 45g.Thats not good at all.

    That's not true. Taxes were higher at launch, but never around 60% as you suggest. Now when I list something for 140g, I pay 1g listing fee, and when it gets sold, I receive 130g.
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