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Is it possible to buy a prepaid credit card, set it up through paypal and purchase Lindens?


Adrian Tolwen
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That's an interesting question.  The answer is probably No.  Here's the Linden Lab statement regarding PayPal....

Linden Lab does not accept e-check (bank account) payments through PayPal because they cannot be processed quickly enough to match the instant delivery of virtual goods and services.  Therefore, we require that you have a credit card on file with PayPal as a backup payment source, OR that you pay with your PayPal balance in USD. Without a sufficient USD balance in your PayPal account, you will not be able to use it with only a bank account.

That statement is ambiguous regarding whether a credit card may be prepaid or not, but it suggests that it can't be.  The issue is instant availability of funds.  Linden Lab's accounting system has no way of verifying instantly whether your bank account has enough money in it to cover your purchase of L$.  The same will be true of a prepaid credit card.  I suspect that you can only get away with listing a prepaid card as backup if you maintain a sufficient cash balance in your PayPal account (see the part of the quoted section that starts with "OR".)

Your other option, of course, is to buy L$ through one of the authorized alternate exchanges, some of which will accept a prepaid card.  Check with them to see whether their exchange fees are reasonable, however.  It's hard to beat the Lindex  30 cent transaction fee.

 

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That's an interesting question.  The answer is probably No.  Here's the Linden Lab statement regarding PayPal....

Linden Lab does not accept e-check (bank account) payments through PayPal because they cannot be processed quickly enough to match the instant delivery of virtual goods and services.  Therefore, we require that you have a credit card on file with PayPal as a backup payment source, OR that you pay with your PayPal balance in USD. Without a sufficient USD balance in your PayPal account, you will not be able to use it with only a bank account.

That statement is ambiguous regarding whether a credit card may be prepaid or not, but it suggests that it can't be.  The issue is instant availability of funds.  Linden Lab's accounting system has no way of verifying instantly whether your bank account has enough money in it to cover your purchase of L$.  The same will be true of a prepaid credit card.  I suspect that you can only get away with listing a prepaid card as backup if you maintain a sufficient cash balance in your PayPal account (see the part of the quoted section that starts with "OR".)

Your other option, of course, is to buy L$ through one of the authorized alternate exchanges, some of which will accept a prepaid card.  Check with them to see whether their exchange fees are reasonable, however.  It's hard to beat the Lindex  30 cent transaction fee.

 

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However........

If you PayPal account is verified via a proper Bank account or credit card and you send a demand for payment to yourself and pay it with that pre-paid CC, that transfers the monies to your PP account I would think. and your PP On-Hand Dollars Account Balance will be in the Black.

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