Blizzard has released a video and update detailing the World of Warcraft WoW Token.
The WoW Token is an in-game item that allows players to securely exchange gold between each other. These can be purchased for real money in the store and traded to other players for gold through the auction house.
The Token is soul-bound once purchased to prevent any dodgy dealings. Once in the buyer’s possession, it can be redeemed for game time it added to the BattleNet balance. A WoW Token grants $15 USD in the BattleNet balance.
The Auction house will give a value of the token and roughly how long it will take to sell. The amount the Auction House shows is guaranteed regardless of what it eventually sells for.
The video below explains how it works and an FAQ has also been posted by Blizzard