Playerauctions
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| Privately Owned Subsidiary | |
| Industry | Virtual Goods, Secondary Markets, Collectible Card games, Gaming Accessories, Cosplay |
| Headquarters | Shanghai |
| Products | Virtual Currency, Game Accounts, Items, Game Guides in over 100 game titles |
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Number of employees
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30 (2009) |
| Website | http://www.playerauctions.com |
PlayerAuctions is an online platform for players of massively multiplayer online games (MMO) to buy, sell and trade digital assets such as in-game currency, items, accounts, and power leveling services. The site is a neutral marketplace that supports player-to-player trading for popular MMOs such as RuneScape, Old School RuneScape, World of Warcraft, Diablo III, EverQuest, Eve Online, League of Legends and over 400 other games.
Their international office locations: South Korea, Shanghai, Philippines and Hong Kong.
PlayerAuctions emerged in November 1999 as an auction hosting platform for MMORPG players interested in digital asset trading. The buying and selling of in-game assets such as virtual currency is also a practice known as "real money trading" or RMT. On 1 April 2004, the site was purchased by IGE). In July 2007, PlayerAuctions was taken over by Korean digital asset exchange giant Itemmania. PlayerGuardian technology was introduced by way of a Public Beta in May 2008. The site was then officially relaunched in November 2008, continuing in their traditional focus on player-to-player trading only. PlayerAuctions now stands as a direct response to the auction house behemoth, Ebay's decision to ban the trading of virtual goods.
Player Auctions does not directly aggregate or sell game assets. Rather, PlayerAuctions lists items, assets and accounts for sale from third-party sellers. When a transaction occurs, PlayerAuctions holds both the payment and assets in escrow until delivery has been verified by the buyer, at which point the buyer's funds are released to the seller. Using this system, which PlayerAuctions refers to as "PlayerGuardian," neither buyer nor seller shares personal information, and transactions are guaranteed. The PlayerGuardian system was developed by Itemmania in the Korean market, where it has enabled more than 30 million transactions.
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Wikipedia