When talking about how to stop game playing at auctions, someone suggested to me that it would be great if you could make bidders have money in the account and freeze a percentage.
Well it turns out GNAME does do that. When you look at their auction terms they note,
1.
A 20% deposit of the bid amount will be temporarily frozen in your account and will be unfrozen when your bid is exceeded by others.
I like that aspect though it might be hard to get all the auction houses on board for that kind of system. If people don’t win will they constantly be making withdrawals and then deposits later in the week or month? The transaction fees could add up. But it would be great knowing that everyone bidding does have money on account with the hopes there are less games being played.
GNAME will also pay you $100 if they screw up which is nice.
Incident Compensation
There is no such system that works perfectly, even so we will try hard to minimize the consequences of failing. If the user should’ve won the bid but did not get it eventually, we will compensate a maximum of $100 depending on the order amount if due to technical faults from our site.
