The significant transaction costs imposed on junior sellers like myself, as well as on the marketplace and customers, are a pressing issue that demands urgent attention. These high bank fees pose a substantial burden on our earnings and adversely affect the dynamics of the marketplace.
As junior sellers around the world, we face the challenge of high transaction fees with every bank transfer. For instance, when selling an asset priced at $19.99 and earning 88% from the sale, having to pay approximately $6.5 for the bank transfer is a significant portion of our earnings. This is an unsustainable cost, especially considering that many of us are already struggling to establish ourselves in the marketplace.
It’s crucial to explore and implement feasible solutions that alleviate the financial strain on both sellers and customers. Whether through negotiating better transaction fees with banks or optimizing the payment structure within the marketplace, finding a resolution to this issue is vital. By doing so, we can foster a more supportive and sustainable environment for junior sellers, enhance the overall marketplace experience, and ultimately encourage growth and innovation.
To provide a comparison, platforms like ArtStation allow sellers to customize their transaction amounts, granting them more flexibility. Additionally, the inability to utilize these funds directly for purchasing assets or games within the Epic Games ecosystem or marketplace is limiting.
I believe it’s crucial for Epic Games to address this problem and revise the payment system, especially for aspiring creators. When creators earn more, they would gladly contribute a little extra, but the current situation is discouraging. Rectifying this would undoubtedly benefit both sellers and the marketplace as a whole.
In addition to addressing high transaction fees, an innovative solution that could significantly benefit junior sellers and enhance the overall marketplace experience is the creation of an integrated e-bank account platform within Unreal Engine. This platform would enable sellers to use their earnings directly within the marketplace, eliminating the need for excess transfer fees and long waiting periods.
For instance, if a seller has earned $150, they could seamlessly utilize this amount to purchase games and assets directly within the Unreal Engine marketplace. This approach not only streamlines the process but also provides immediate access to the products they need. It’s a win-win situation, benefitting both sellers and the platform by fostering a more efficient and cost-effective ecosystem.
Introducing such a platform would not only be a game-changer for junior sellers but also reinforce Unreal Engine’s commitment to empowering its community and facilitating a smoother transaction experience. It aligns with the needs of the sellers and contributes to the growth and sustainability of the marketplace.
If the marketplace can effectively optimize the current payment system to mitigate the high bank transfer fees, I believe sellers would be more than willing to allocate a portion of those savings to support Unreal Engine. Currently, sellers are burdened with significant costs due to transaction fees imposed by banks, which diminish their earnings.
By addressing this issue and offering a more efficient and cost-effective payment solution, Unreal Engine could earn the appreciation and support of sellers. If a portion of the money saved from reduced bank fees is reinvested into the platform, it could further enhance the marketplace, promote innovation, and create a more sustainable ecosystem.
This approach not only benefits sellers financially but also fosters a stronger relationship between the creators and Unreal Engine. It aligns with the idea of collaboration, where both parties share in the gains and collectively work towards the growth and success of the marketplace.
thank you!