No, now you're wording it like you're doing it all fair... The only reason you're able to offer this is because, for some strange reason, you get a 10% affiliate reward, whilst the rest of the world gets only 5%. I don't get why you would be eligible for this and it allows you to get packs for prices no one can possibly compete without selling packs they got from playing.
And that's how people in Discord can offer packs for better prices than your service.
The 10% you're talking about is the merchant bonus, as @smartmonsters (@smartsteem) is a registered merchant.
Regards,
Smart Monsters
Correct. What exactly does that change?
So they're getting a 10% merchant commission, a 15% discount on the sale, a 5% referral bonus, and a 10% SP allocation, which can be converted into money. So all in all, they're actually ending up with a total of 40% below market value off each purchase. Anything above that would give them a profit, and likely lower the market value as well.
So the question is, is it wrong, or is it just business? And should it be reneged and/or regulated.
Well, the thing with it is that there's no information about how one can become a merchant. If no one can become a merchant besides SmartMonsters and a couple of other services, no one can compete.
As a sidenote, the +75 packs for buying 500 gives a discount of a bit less than 15%. They could get packs for about $1.30 this way, which is a 35% discount.
Sorry I didn't listen to you. I tend to like facts and figures. I am pretty sure though, that the merchant terms have been changed now, due to this misunderstanding with a merchant that stands to show that this could happen again.
Go sign up as a registered merchant. It's available to anyone. It is meant to incentivize businesses to use that particular market. So the real "culprit" is peakmonsters. And they are simply doing what any market would offer its most loyal merchants.
It's just like when you go to the grocery store and use your "rewards" card. It's OK. Everything is going to be fine. This is how a free market works. Maybe you are not a free marketeer. And maybe you are socialist or communist. And that's OK too. This is simply another style of economy. And these are the rules of that kind of economy.
No. People keep making the wrong comparisons and taking the wrong conclusions due to doing so. I'm not even going to discuss further on this, since it's pointless anyways. Believe what you want to :)
OK. I'm open to hearing your point of view. I'll be a good listener.
OK pizza. I have looked into it, and I fear you may actually be onto something. Ordinarily the capitalist in me likes to defend small businesses and their clever ideas. But something does feel a little off here. And let me see if this is what you're trying to say, if I may:
I think you are saying they are exploiting the affiliate discount from SteemMonsters. And 10% Is not a discount it's a commission. So they basically get the following:
10% commission
Also probably a 5% reward for referring... themselves.
They're buying 500 packs so they get a 15% discount there
And now they're getting the new 10% SP bonus/discount that SM kicks back.
Maybe they shouldn't get anything that the normal public doesn't get... which is #1
Because that would make this a wholesale distributor partnership, and as far as I understand, SM does not have that type of contract. They shouldn't be allowed to make money from SM on the cards they buy, if they are going to undercut the company that gave them that commission and sell them for even lower. Otherwise, why even get a commission?
Does that sound close to what you were trying to say?