$L's to Pay Pal?

[Catriona Dagger]

I've always transferred money from my SL account to my PayPal account and it was ALWAYS almost instantly there.  But not today.  Has something changed that I'm not aware of?

[Ceera Murakami]

Yes. LL abandoned the PayPal Mass Pay code that the old XStreet Exchange used, and which took only seconds, in favor of their more cumbersome manual method, that takes 3 to 10 business days to process a transaction.

[Catriona Dagger]

Oh for crying out loud.  Why on earth would they do a STUPID thing like that???  *grumbles and smh*

Thanks for the answer though.

[Ai Velde]

You can do what I do and just use alternative methods to the Lindex that take paypal, such as Virwox. Others like that pay out instantly after registration and authentication.

[Catriona Dagger]

Thanks for the VirWoX info.

[WADE1 Jya]

Could this be for Risk API reasons? Xstreet may have been less secure and Linden Lab is just stepping up security to combat fraud? I criticized Linden Lab earlier for making the move of removing MassPay, but just now it crossed my mind that there may have been a very sensible reason for the action!

[VirWoX Inventor]

WADE1 Jya wrote:

 

Could this be for Risk API reasons? Xstreet may have been less secure and Linden Lab is just stepping up security to combat fraud? I criticized Linden Lab earlier for making the move of removing MassPay, but just now it crossed my mind that there may have been a very sensible reason for the action!

This is correct. Every now an then people try to buy Lindens with a stolen credit card, for example, then quickly send them to a different avatar and try to cash out. Delaying the cash-out for a couple of days dramatically decreases the likelihood of success for this method, as the victim would often notice and reverse the payment before the money is gone for good.

[Medhue Simoni]

Hey, more security is great, but I don't see that as the problem. All LL has to do is verify that you are a merchant that exchanges money and check your account transactions, then you are free to exchange money. Then, LL can do random checks of those accounts without delaying any payments at all.

This situation seems similar to the air plane screening BS. Don't most of the people that fly, fly on a regular basis or probably flying for a corporate reason. Are they terrorists? I think not, hense they should not have to be screened everytime or possibly at all.

If I have a long track record that LL can look up at anytime they want, why would a need for a delay exist at all?

[Catriona Dagger]

I agree with you Medhue.  I dont transfer large sums of money, or even that often.  But I do have a track record of doing SOME transactions, and that should be taken into consideration.  Why inconvenience everyone for a few?

[Josh Susanto]

>Why on earth would they do a STUPID thing like that???

The longer it takes people to cash out, the more money LL doesn't have to give up abruptly, preventing a "run on the bank", and making capital more reliably available for LL to use for their own purposes.

I used to do business with a bank that would "hold" checks for 1 business day, although the bank on which the check was written would show the check as processed.

So if the money wasn't in the account of the person drawing the check, and not in the account of the person cashing the check, where was it?

It was in an account owned by the bank itself, being used as if it were the bank's own money.(They're still in business; and they're one of the major banks; look into it more if you're sure you want to know).

This isn't exactly like that, but the idea is not essentially different.

The Linden money you cash out is money that is no longer in your SL account, so if it is not in your paypal account... where is it?

To be fair to LL, the situation is somewhat different because Linden money is ultimately their own intellectual property licensed to us in the first place.It's like a chip at a casino, almost. No one is forcing you to play, but if you break the house rules, you don't get to cash out, regardless of what happens to the chips.

If you hate it that much, I suppose that you can always create your own grid with its own currency.

Heads up, Linden; this is not as unlikely as you might think.

[Glory Takashi]

Places like VirWox are about to see an upsurge in business, hopefully they drop that 1$ fee for a graduated one like xstreet had.

And do something about that screwball way of turning lindens into dollars.

[Rene Erlanger]

Hi Catriona

Get a Virwox account , the website and the functionality is more professionally done than both Xstreet or Lindex. Cashouts to Paypal are instant, tons of different reports, mutiple currency exchanges.

https://www.virwox.com/index.php

 

Don't be Lindened!

[Rene Erlanger]

WADE1 Jya wrote:

 

Could this be for Risk API reasons? Xstreet may have been less secure and Linden Lab is just stepping up security to combat fraud? I criticized Linden Lab earlier for making the move of removing MassPay, but just now it crossed my mind that there may have been a very sensible reason for the action!

 

....they don't do "sensible"

(Xstreet Exchange was originally SLEX exhange which LL purchased...it's been around 5 years and worked fine!)

[Catriona Dagger]

Rene Erlanger wrote:

 

Hi Catriona

Get a Virwox account , the website and the functionality is more professionally done than both Xstreet or Lindex. Cashouts to Paypal are instant, tons of different reports, mutiple currency exchanges.

https://www.virwox.com/index.php

 

Don't be Lindened!

Yeah I got a Virwox account right after someone on here told me about it.  I even put one of their terminals in my store.  Works SOOO much better.

[Zeek Zobovic]

I can vouch for VirWoX as well.  They are very professional and *very* responsive on customer service if you email them.  https://www.virwox.com is the way to go for cashing out now that xstreet is gone.

[Kairi Aquila]

Thanks been looking for a new place to cash out my business because I have a ticket with LL still pending and need money for holidays in rl.

[Tormented Twilight]

3-10 days? You wish!

First I had to wait 5 days before support would acknowledge they hadn't given me my money to my Paypal account.  Then I had to file another support ticket.  Then I had to wait another 5 days for support to contact me.  Then I had to wait another 3 days for support to actually do something.

So that's 13 days to PayPal.  Then if you want to send it to your bank account that's like another 3-5 days to your bank.

Linden Labs: "Buying out and shutting down the competition so you have to deal with us!" TM

...just like OnRez and Avatars United.  There's no service like Customer Disservice!

[Celeste Lyter]

Im having a similar issue this is my first time cashing out ever and I sent it to the paypal account, now to be fair i havent said anything yet because i considered the last couple of days holidays, my issue now is its been two days sense then and its still not in my account, that was a crazy load of money that i need and I have no idea where it has went to HELP