The exit runs through two companies and loses at both
There is no withdrawal button for an object. Value leaves along a route with two harnesses - object to marketplace balance, marketplace balance to money - and each harness has a market price. This page runs the full arithmetic of a round trip, including the case where nothing is wagered at all.
The four deductions, in the order they happen
- The bid discount. Selling now means accepting the best bid, which sits below the cheapest asking price. This is the largest single deduction and the one readers most often forget.
- The seller’s commission. Taken by the market on the sale price before anything is credited.
- The proceeds hold. Time, during which the market holds the money and the price of everything else is free to move. It does not take money, but it removes the reader’s decision about when to cash out.
- commission proceeds hold cash-out The rail. The cost and delay of the final transfer to a bank account, charged by whoever provides it. Its size is small; its schedule is often the longest part of the whole route - and it is the fourth deduction, after the bid discount, the commission and the hold.
No bet placed. Object withdrawn back to the inventory: the same object, still worth 100 (asking) and 87 (bid) on the market.
Sold instantly at the bid: 87. Seller commission 9%: 87 × 0.91 = 79.17.
Proceeds hold: 5 days. Cash-out rail 1.5%: 79.17 × 0.985 = 77.98 units reaching a bank.
Against the 100 units of listed value at the start: 77.98% retained, 22.02% lost.
Where the 22.02 went: 10.00 valuation cut (operator), 3.00 bid discount on the residual (market), 7.02 commission (market), 1.02 rail. Nothing was wagered anywhere in this sequence.
And the sequence is the good case: it assumes the price did not move during the 7-day hold that every arriving object carries.
Why the exit is slower than the entry
Every rail in this series is faster in than out, but this one is structurally so. Entering is one decision by the operator: it accepts the object, values it and credits the account. Leaving is three decisions by three companies - the publisher must permit the transfer, the market must find a buyer, and the market must complete a cash-out. A reader who wants the object out during a hold is waiting on the publisher’s clock; a reader who wants money out is waiting on a buyer and then on a cash-out queue. The hold page covers the first, this page the second and third.
The three things that change the arithmetic
- Patience. Listing at the asking price and waiting converts an 11–13% bid discount into a possible full price, at the cost of an unknown delay and a live market risk. It is a trade, not a free improvement.
- Object quality. Rare objects with an active collector market carry a smaller percentage gap between bid and asking price than common ones, because more buyers compete for them. This does not make them a safer holding; it makes the exit slightly cheaper.
- Size of the sale. Commission is often tiered and cash-out minimums are absolute, so the friction on a large sale is proportionally smaller than on a small one - which is why consolidating before selling changes the total, and why a small balance can be stuck.
The comparison a reader should make before funding this way
Set the round-trip cost against the alternatives on the series’ payment rails desk. A card deposit and withdrawal pays a rail cost and a currency cost. An item round trip pays a valuation cut, a bid discount, a commission and a rail cost, and it adds two clocks and two identity checks. That does not make the rail illegitimate; it makes its cost visible, which is the difference between choosing it and drifting into it. Anyone who wants the full picture of what a withdrawal normally involves should start with the withdrawal desk, because the item route is the one case where the word "withdrawal" is being used for a sale.