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Has the Currency Exchange/Transfer changed?


Oggie Wingtips
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I can't say for sure, Oggie, but this may be something that's worried me ever since LL bought out XStreet.

$USD transfers from XStreet to PayPal were almost always nearly instantaneous.

$USD transfers from your LL account to PayPal almost always took 5 days or even longer.

Now, LL has linked your XStreet and LL accounts much more closely...in effect, combining them, although you can still move $L from one "bucket" to the other.

But by doing so, my guess is that all $USD cashouts are going to follow the much slower path tied to the LL account and its policies/processing methods.

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I can't say for sure, Oggie, but this may be something that's worried me ever since LL bought out XStreet.

$USD transfers from XStreet to PayPal were almost always nearly instantaneous.

$USD transfers from your LL account to PayPal almost always took 5 days or even longer.

Now, LL has linked your XStreet and LL accounts much more closely...in effect, combining them, although you can still move $L from one "bucket" to the other.

But by doing so, my guess is that all $USD cashouts are going to follow the much slower path tied to the LL account and its policies/processing methods.

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Actually, unless I am missing something, you can now only move lindens from XStreet to your inworld account. Money earned now seems to transfer immediately over to your main account, and while you can move Lindens from your XStreet account to your main account, I do not see any button to transfer them back to XStreet from your main account now. It looks like if you empty your XStreet account, the balance will remain at 0. I assume that sometime in the near future, there will be no seperate XStreet lindens or dollars account shown at all.

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Ah, yes...I see that!  So it would appear that LL has blocked the most convenient method of cashing out $L, transferring them to your XStreet account and selling them on the currency exchange there.

Another great bit of progress from Our Friends At the Lab

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I have proof of the L$3,000 Currency Exchange Order to prove the transaction & the amount is written in Red under the Debit column on the 4th but still as yet the money hasnt appeared anywhere or been Returned anywhere so im abit confused as to where that amount has gone. Im still not sure what the change is here-does this mean we cant Cash Out the money we earn anymore & its only available Inworld for shoppin from now on? Or what, as i cant see how we now put money into SXstreet either to be able to Sell. Did i miss ome information somewhere?

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Did you place a market or a limit order?

If you sold at market, your USD balance should show an increase right away.  If you made a limit order, the $L become unavailable for use, but the order won't be filled until a buyer is found for your $L at the price you specified.

If this transaction was made with your SL account (not your XStreet account), go to Dashboard/My Account/Manage $L and you should see your currency orders and their status.

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The Transaction was made in SL Accounbt not SX & in the CLosed Orders bit it says:

Your Closed Orders

(closed in the past 30 days)

Order Id Order Type Quantity Ordered Quantity Filled Limit Rate Time Opened Time Closed Closure Method Gross US$ Net US$
********* Market                                                       Sell L$             3,000 L$             3,000 2010-04-04 19:58:43 2010-04-04 19:58:43 fill US$             11.15 US$             10.76

 

then in my balance the SL$ hasnt changed & the USD is $ 0.76 so it doesnt seem to be there :-(

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hmmmm i have now noticed that in the Process Credit Paypal thats its Status is 'in progress' so perhaps its just very very slow now as usualy this takes 5 mins after selling to get money in my Paypal Account. This means i could be waitin nearly 2 weeks for moneys/sales to get into Bank-this isnt good at all.

Perhaps i should stick to Selling Lindens only via SXstreet if thats still possible as that was quick but cant see how i can pay money into SX from SL with no Terminals etc

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It will take 5-10 business days for LL to process your credit and send your funds to Paypal when using the Second Life website.  Which, I know is ridiculous.

I cashed in L$ for US $ this way often back when I had a store on another avatar.  Generally speaking, it took about week before the funds hit my Paypal and another 2 days after that for the funds to be credited to my checking account.

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