Blizzard just updated their Diablo 3 site with some official information concerning the auction house systems. This post contains some pertinent info concerning how the D3 Real Money Auction House (RMAH) is going to operate.
Placing an Auction on the RMAH
When you place an auction (in either auction house), the item will be immediately removed from your bags and placed on sale. Equipment auctions can only be cancelled within 5 minutes of placing the auction. Commodity auctions can be cancelled at any time.
All auctions last for 48 hours – and – you may have up to 10 active auctions at a given time (up to 20 total — 10 per auction house that is… Gold and RMAH).
Diablo 3 RMAH Fees
Selling Gear (Armor & weapons)
There is a $1.00 transaction fee – per listing. This fee is charged once your item sells. In addition, there is a 15% transaction fee if you’re transferring the funds into your PayPal account.
Selling Commodities (Gold, Gems, Crafting Materials, Dyes, etc)
The transaction fee for commodities is 15% of the selling price. In addition, there is a 15% transaction fee if you’re transferring the funds into your PayPal account.
When you sell an item on the RMAH, you have to specify how you want to be paid at the time you place the auction. The proceeds can be deposited into your Battle.net account (used for purchasing digital goods off of the RMAH or Blizzard website), or you can have the funds transferred to your PayPal account.
If you choose to have the funds sent to your PayPal account – be aware that Blizzard charges a 15% fee based upon the transfer amount. So, for example…if you want to deposit $35 of RMAH proceeds into your PayPal account – you’ll actually only get $29.75 of that once Blizzard takes their cut.
Buying Items from the RMAH
There are a few options for purchasing items from the RMAH. First, you can use your Battle.net Balance. Second, if you’re in a compatible region – you can link your PayPal account and use it (this is currently only available for players paying with: USD, MXN, AUD, EUR, GBP). Lastly, you can use a major credit card (provided it’s been added as a payment method in your B.net account).
Your Battle.net Balance is an account which you can use to purchase digital goods and services from Blizzard — either from the D3 RMAH, your Battle.net account or from the Blizzard store. Funds transferred to your Battle.net Balance cannot be refunded. Once you deposit into this account, this money can only be spent on specific Blizzard goods and services.
Currency-Based RMAH System
Each of the 3 game regions (Americas, Europe & Asia) will have separate Real Money Auction Houses for each currency type. When you log in to your Battle.net account the game will determine the most appropriate RMAH for you – depending on the home location specified in your account settings.
Depending on your region, you may be able to get access to other Real Money Auction Houses (using different currencies) in your region as well. You can find out by clicking on the Options menu.
Sorry Hardcore players, but there wil be no RMAH for you – at least not for awhile. Blizzard hasn’t announced any plans to include an RMAH for HC characters. Hardcore characters will have their own separate HC gold-only auction house – totally independent of the regular gold auction house.
RMAH Will Be Delayed by One Week Following the Release of Diablo 3
Blizzard has to fine tune a few things to make sure the RMAH is ready for prime time, so players will have to wait approximately one week after the game’s release before using the RMAH.
The gold-based auction house opens its doors worldwide on May 15 with the launch of Diablo III, and we plan to bring the real-money auction house online approximately one week after that. This is a new service that includes lots of complex elements, so we are going to take a little extra time to ensure the game gets off to a good start before we flip the switch and open the real-money auction house for business. (Source)
Alright, so only gold trading during the first week.
Well, I hope this post answers some important questions as to how the RMAH is going to work. For additional info, please see the official Diablo 3 Auction House FAQs.