Why does it take Linden so long to process linden credit?

[Keanu DeSantis]

I heard somewhere that Linden would make the process of transferring money quicker that 5-7 business days. Is that not correct?

[Alwin Alcott]

if you heared it  "somewhere" perhaps ask your question there ? we didn't hear that rumour, at least...i didn't

[Coral Feaver]

I haven't heard anything myself, but it would be nice if they processed it faster. No need to be a "jerk" with your answer, Alwin.

[Alwin Alcott]

since when is referring to a vage hint given by the one who posts a question being a jerk? ...good to know you'r such good interpreter

[Coral Feaver]

But you weren't referring. You were being condescending.

[Innula Zenovka]

Ebbe Altberg mentioned it during his presentation to the Virtual Worlds Best Practice in Education conference, back in March.   He said then that they were working on reducing the delay to a matter of hours, at least for established customers, but gave the impression there was quite some work still to do in order to ensure LL complied with all the appropriate rules and regulations about preventing fraud and money-laundering.

He said then he hoped there would be more news in the next month or so, which clearly hasn't happened, so I guess we just have to wait.

 

[Rolig Loon]

If you read PayPal' s fine print, you'll find that most of that 5 - 7 day delay is in their shop, so there's not much that LL can do to speed that part up.  There is some delay in LL, as well, but I suspect that it will be hard to ever get the combination of those two delays to be consistently under a week. 

[Innula Zenovka]

I regularly receive payments from the USA via PayPal that take only an hour or so between my asking for payment and the money appearing in my PayPal account in the UK.

 

It may be that PayPal insist on various automated procedures that LL has yet to put in place before payments can be transacted so fast, but certainly they can move a lot quicker.

 

Come to think of it, when I cash out, I always receive the emails from LL telling me they've sent the money and from PayPal saying they've received it within minutes of each other. Quite often I hear from PayPal before I hear from LL, in fact.

[Feliciana Zabaleta]

It is mostly due to current rules and regulations and Second Life is not the only place that has to comply with them. Most delays are in the payment processing side such as Pay Pal or Visa/Mastercard are there to minimize fraud and chargebacks. I have not heard anything about the process speeding up myself, but it doesn't mean that something isn't in the works to do so.

 

~ Felicia ~