Third Party Exchanges - price comparison

[Kika Eel]

Since the updated Linden Dollar Authorized Reseller Program was launched, a lot of new companies appeared on the official Linden Lab's resellers list. 

To wrap my head around it, I've updated my Third Party L$ Exchanges list, included those new companies and organized all of them by the best price offered.

My price comparison is based on the final cost of purchasing 1000 L$. I mean - FINAL. I went through the whole ordering process and checked how much they add on the top of official prices listed on their websites.

I compared prices in EUR, since this is the most common currency supported by Third Party Linden Dollar Exchanges. Whenever it was possible, I listed the costs of purchasing L$ through PayPal. Is the most popular service used by SL Residents and therefore it is the most relevant one. If PayPal payments are not supported, VISA Card payment price is listed. If VISA Card payment is not supported neither, first cheapest available means of payment are listed.

The price range is huge. And what's interesting, the most well known companies turned out to be the most expensive… But what is even more surprising - I've end up with two lists. The second one features almost half of the Third Party Exchanges. They are listed by LL as authorized resellers but they are not operating or don't even have a website…

For detailed list on the list go to https://sites.google.com/site/lindensexchange/

 

COMPANY	COUNTRIES	PRICE for 1000L$
viagame	Portugal	3.33 EUR
Podex	worldwide	3.40 EUR
ZoHaIslands	worldwide	3.50 EUR
Xchange4LS	worldwide	3.68 EUR
Smenarna	Czech Republic, Slovakia	3.70 EUR
Gyndex	Netherlands, Belgium	3.79 EUR
Budamb	worldwide	3.83 EUR
TeleDollar	worldwide	3.86 EUR
CrossWorlds	worldwide	4.07 EUR
Virtuatex	Netherlands, Belgium, Germany, Luxemburg	4.08 EUR
Bulido	European Union	4.09 EUR
CashServices	worldwide	4.17 EUR
VirWoX	worldwide	4.18 EUR
RUexchange	worldwide	4.51 EUR
DXexchange	Netherlands, Belgium, United Kingdom, France, Italy, Spain, United States, Canada, Poland, European Union	4.66 EUR
AnsheX	more than 100	4.79 EUR

 

 

 

Third Party Linden Dollar Exchanges

 

listed by LL but not operating or with website errors

 

COMPANY	COUNTRIES	PRICE for 1000L$
CasperTech	worldwide	no info
CMJProductions	worldwide	no info
Coinek	worldwide	not operating
ELDEXchange	worldwide	not operating
Hhexicola	Brazil	not operating (no website)
Luxory	worldwide	not operating
MBKash	France	not operating
Metabirds	worldwide	no info
vForEx	Australia, Canada, Europe, United States	not operating
VireX	65 countried in Europe, USA and Africa	service not functioning
VMExchange	worldwide	not operating
Woozkash	Europe	service not functioning

[Alicia Sautereau]

Nice list, but as everything is done in dollars, this list makes it just more complicated

[Jadeclaw Denfu]

Eldexchange  3,23 Euro per L$1000,-- using banktransfer. They operate.

Fees and exchange rates are given on the 'Buy'-page.
Remember when comparing to use the SAME payment option AND the same RL-currency.

 

 

 

 

[Qwalyphi Korpov]

The resident who provided the previous content, if any, has replaced it with this generic statement.

[Jadeclaw Denfu]

But then one can say, if all of them listed, noone can say, that one service is preferred.

 

[Syo Emerald]

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Alicia Sautereau wrote:

Nice list, but as everything is done in dollars, this list makes it just more complicated

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Oh, everything is done with dollars? Wow, then the other currencys and even the fact that the OP states that Euro was the most available currency for all exchanges must be a total mistake! And I must have dreamed the whole time, when shopping.... :catfrustrated:

[Phil Deakins]

Excellent job, Kika, And some astonishing differences in the costs of L$. Very well done!

[Alicia Sautereau]

With all the transaction costs, conversion fee`s and then lay it out against the lindex or marketplace...

SL operates in dollars, not other currencies

[Phil Deakins]

The OP posted about 3rd party exchanges - not about the Lindex.

And, since the most common currency for those 3rd party exchanges is the Euro, she listed the costs in Euros. Perfect sense

[Alicia Sautereau]

Lindex is the basis for any comparison as they all have to buy their lindens from, but what ever, i must be stupid...

[Phil Deakins]

What currency the 3rd party exchanges need to buy from the Lindex in is totally irrelevant. The only thing that's relevant is how much it will cost you to buy from the 3rd party exchanges.

The most common basis for the comparison of 3rd party exchanges is the Euro, according to the OP.

Your point is irrelevant though, because your own currency doesn't prevent you from seeing that buying L$ from Anshe will cost approximately half as much again as buying from the one at the top of the list.

If you really want it listed in US$, you could always do your own research, and post a list of those that accept US$, together with cost comparisons 

[ImaTest1488314069]

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Phil Deakins wrote:.

Your point is irrelevant though, because your own currency doesn't prevent you from seeing that buying L$ from Anshe will cost approximately half as much again as buying from the one at the top of the list.

If you really want it listed in US$, you could always do your own research, and post a list of those that accept US$, together with cost comparisons 

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I might be wrong, but I'm pretty sure you got that "half as much" part wrong.

4.79 EUR is not half of 3.33 EUR.

Or did you word that backwards? Though, even if you did 3.33 isn't even remotely havle of 4.79 either.

From the looks of it, on that chart Anshe is the most expensive, still, as in for $1000L you're going to be paying 4.79 EUR(and for USD conversion that's $6.27 for every $1,000L, roughly, as of today anyway). It's not hard to convert to USD from EUR, or any other currency.

 As an aside...

to buy L directly from the sl website-which for those who don't need to use a TPE, is the most common method, it will cost me $4.05 USD (3.09 EUR) for $1,000L today. That's a pretty big difference between some of the most expensive TPE and the lindex directly. I feel bad for anyone that HAS to use those more pricey TPEs, thats just sad, and seems wrong in so manyw ays. As much as I support commerce and charging fees for various things when needed, I would love to see where those added fees go.

[Qwalyphi Korpov]

The resident who provided the previous content, if any, has replaced it with this generic statement.

[Lucretia Brandenburg]

Half again as much (or half as much again) means taking half of the one price and adding it to the full price ... 3.33/2 =1.665. 1.665 + 3.33 = 4.995 or rounded up to 5. So a tiny bit more than half again as much.

[Maurycy Arado]

I have just checked, if anybody is interested.

To buy 1000 LS on LindeX I must pay: Estimated Total : US$ 4.35

To get 4,35 USD on PayPal, which I use for SL, I must spend 3,42 Euro.

so this is LindeX price for 1K L$.

[Coby Foden]

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Lucretia Brandenburg wrote:

Half again as much (or half as much again) means taking half of the one price and adding it to the full price ... 3.33/2 =1.665. 1.665 + 3.33 = 4.995 or rounded up to 5. So a tiny bit more than half again as much.

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... I came to the same conclusion.

 

"Half as much" can be rather confusing as many take it to mean the same as "two times more".  Which it is not.  It would be clearer to say "one and half times more" than "half as much". That would avoid any possible confusion.

 

Half as much:

3.33 EUR / 2 + 3.33 EUR = 4.995 EUR

One and half times more:

1.5 x 3.33 EUR = 4.995 EUR

Two times more:

2.0 x 3.33 EUR = 6.66 EUR

 

[Phil Deakins]

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ImaTest wrote:

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Phil Deakins wrote:.

Your point is irrelevant though, because your own currency doesn't prevent you from seeing that buying L$ from Anshe will cost approximately half as much again as buying from the one at the top of the list.

If you really want it listed in US$, you could always do your own research, and post a list of those that accept US$, together with cost comparisons 

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I might be wrong, but I'm pretty sure you got that "half as much" part wrong.

4.79 EUR is not half of 3.33 EUR..

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"Half as much again" means 1.5 times here in the UK. It's the original number plus half as much as the original number = 1.5 times the original number. And Anshe isn't far off being "half as much again" as the lowest priced one.

Compared to the Lindex, Anshe's price is more than 'half as much again'. I'm with you in sympathising with those who have no choice but to buy from 3rd party exchanges, and I feel very sorry for those who buy from the pricier exchanges like Anshe's.

[Phil Deakins]

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Qwalyphi Korpov wrote:

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Jadeclaw Denfu wrote:

But then one can say, if all of them listed, noone can say, that one service is preferred.

 

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I beleive you are correct.   No of them is allowed per the Community Guidelines.  And yet there they all are - equally and not in any way preferred.

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People are always posting links to other sites in these forums. The links in the OP's post are to sites that concern SL, and that LL links to in their pages., so stop whining.

[Qwalyphi Korpov]

The resident who provided the previous content, if any, has replaced it with this generic statement.

[Perrie Juran]

 

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Qwalyphi Korpov wrote:

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Phil Deakins wrote:

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Qwalyphi Korpov wrote:

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Jadeclaw Denfu wrote:

But then one can say, if all of them listed, noone can say, that one service is preferred.

 

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I beleive you are correct.   No of them is allowed per the Community Guidelines.  And yet there they all are - equally and not in any way preferred.

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People are always posting links to other sites in these forums. The links in the OP's post are to sites that concern SL, and that LL links to in their pages., so stop whining.

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I simply pointed out that the OP had been bold in ignoring the guildelines in a volume way.  Then I agreed with anothers comment.  Then  there was a whine.

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A little whine with that complaint may be nice. 

May I suggest a nice Chianti?

[ImaTest1488314069]

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Lucretia Brandenburg wrote:

Half again as much (or half as much again) means taking half of the one price and adding it to the full price ... 3.33/2 =1.665. 1.665 + 3.33 = 4.995 or rounded up to 5. So a tiny bit more than half again as much.

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That is not how I have always interpreted that statement. Maybe it's a regional thing, or something. Thanks for the clarity.

 

[Perrie Juran]

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ImaTest wrote:

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Lucretia Brandenburg wrote:

Half again as much (or half as much again) means taking half of the one price and adding it to the full price ... 3.33/2 =1.665. 1.665 + 3.33 = 4.995 or rounded up to 5. So a tiny bit more than half again as much.

---

That is not how I have always interpreted that statement. Maybe it's a regional thing, or something. Thanks for the clarity.

 

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"I don't know half of you half as well as I should like; and I like less than half of you half as well as you deserve.”

[Casper Warden]

I thought i'd shed some light regarding "CasperTech" in that list.

We don't operate in the same way as the others, (i.e we don't directly trade L$  for real life money) but instead we provide the ability for people to buy from merchants or rent from tenants using CasperVend vendors or CasperLet rental units, but using PayPal, Credit Card, or other methods.

Basically, the customer purchases an inworld item or pays for tier using these options, the money is converted into L$, and forwarded to the merchant or landlord.

We use VirWox to process our Credit Card and PayPal options, so the fees are the same as theirs.  However, we are soon going to be adding additional payment options (such as UK direct debit) which we will handle ourselves, hence registering as an authorised L$ reseller.

Casper

[Drake1 Nightfire]

Why would you use a TPE?

For 10.30 USD on the lindex you get 2480

For 10.30 USD on podex you get 2340...

soooo, where is the benefit?

[Vania Chaplin]

Because some people, for many posible reasons, cannot buy L$ directly from Lindex.