One of the exciting features that Diablo 3 will bring with it on the 15th of May is the auction house system. Blizzard has explained a bit about how the system will work.
As reported by GamesIndustry.biz, players will be able to put various items up for sale to other players, using either the in-game game auction house, or the real-money auction house. Naturally, the gold auction house will provide currency that can be used in the game, while the real-money auction house can earn the player a bit or real, spendable cash.The auction houses will be split into three regions; The Americas - Covering US, Canada, Latin America, Australia, New Zealand, and Southeast Asia. Europe - European Union, Eastern Europe, Russia, Africa, and Middle Eastern countries such as Israel and the United Arab Emirates. Asia - South Korea and the regions of Taiwan, Hong Kong, and Macau. While players will be able to play the game in regions other than their own, their auction house activity will be restricted according to their geographic location.
Blizzard will levy transaction fees for items sold using the real-money auction house. A $1.00 fee will be charged for each piece of equipment sold, while a 15% transaction fee will be applied to other commodities, like gems and such.Money earned can be paid into the user’s Blattle.net account, or into a specified Paypal account.
Full details can be found at the official Diablo 3 website.