Banks sincere discussion

[Captain Jack]

Ahoy all,

Since the forthcoming credits exchange feature is before gates and it will be with us without banks playing a leading role there, it is time to have a few words about them as a whole.

First, facts:

Planned add-ons for Banks:
Loan Shark
Bank Descriptions

Credits Exchange:
-Current system will be maintained. Banks will continue trading credits at the same fees (0.5%), at no turns cost and with the ability to trade for larger bulks.
-On the credit exchange market, banks will still play a role, allowing those who have one to be able to maintain more credits/gold coins in the market on standing order.

Second, there is currently one top plan in our head:

Bolster of Send Payment incomes

We can achieve this fairly easily, with 3 simple steps:

1)Send Payment turns cost reduce as follows:
*2 Turns per transaction at lvl 10 bank
*1 Turns per transaction at lvl 15 bank
*0 turns per transaction at lvl 20 bank

2)Minimum fee for send payment fees changed from 0% to 0.5%

3)Removal of the ability to send credits to other players (once the credits market exchange is strong).

Point 1 will increase the worth of upgrading a bank, something that has been criticized before. It is also one long term plan, only that is now presented at even better terms.

If we want to bind all 3 foretold points and strengthen the necessity of upgrading a bank while also taking in mind especially point 3) then we could also reduce turns needed for deposits.
-2 turns per transaction at lvl 10
-1 turn per transaction at lvl 15

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Interesting points:
-The Loan Shark technology will have a cost on its own but it will still require a leveled bank so once introduced, existing bank owners will get this extra benefit that they have not signed up for.
-Removing their leading role from the exchange market needs bolster elsewhere as foretold only because some bankers upgraded their banks to get the ability to trade there. While this is not taken from them, their prospect profits seem lesser.

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Let us not forget that Banking, if you exclude loans, has no risk involved. So yes, it might cost a fortune but for whatever we decide for banks, we must always keep the risk-free business in mind.

[Valar Morghulis]

On thing i do miss in the banking business is deleting player accounts.

When some players haven't had gold in account for a time i miss the opportunity to delete the account though i'm not speaking
about blocking the user from reopening the account if he so wishes.

Some points in what whas suggested about binding the costs at the level of bank seemt to give an unfair advantage to the larger banks over the smaller ones.

[Mack]

I dont like the idea i cant send a credit without it costing me

[Captain Jack]

I dont like the idea i cant send a credit without it costing me

You mean you like the current system of being able to send credits to anyone without any turns cost or any other involved cost?

[Mack]

Yes, with my current presents for credits program. The idea of using turns to operate seens like it would cost me a lot

[John jacob astor]

i would agree with mack that it would hinder anyone that does a credit for presents exchange, or who pay credits for voodoo cast on someone. i don't know if that would matter much, as i am sure a new method for that would probably be thought up. just something to consider

[Haron]

Personally, I think any transfer should come with a cost, so I think this is a good idea! The costs should not be too large, though, but I don't think they are.

[John jacob astor]

i am a bit confused, i dont think i have read everything correctly - will we still be able to send credits player to player but with a cost, or will it be totally eliminated?

[Mack]

I think it means the only way to trade credits will be through a bank or the new credit Exchange center

[Captain Jack]

This is an idea on the table. It does not mean we will do it. There are reasons to keep it and reasons to remove it. Right now, our biggest concern is to ensure that the new forthcoming feature will not suffer from private deals. If the private deals are few in comparison to the volume of the market, then there is no reason to deal with it.

The banks income issue is one more to monitor. However, as I see the records of the last 10 days transfers, nothing too alarming and nothing that will make a great difference.