Is this abuse?

[Tech Robonaught]

Is it Abuse to sell $696.00 worth of Linden to LL and net $652 after its gone to paypal?

[LittleMe Jewell]

9 minutes ago, Rolig Loon said:

 It looks like a lot to lose in a transaction, but it's impossible to tell whether there's something wrong without knowing all the details.  

Actually, if you figure $696 minus 3.5% for the "selling L$" fee and then 2.5% for the "process credit" fee, ending up with $652 being transferred into PayPal is about right.

[Rolig Loon]

Abuse?  No. That would be stretching the definition of the word. It looks like a lot to lose in a transaction, but it's impossible to tell whether there's something wrong without knowing all the details.  That's a pretty normal amount to lose in international exchange fees if PayPal is transferring from USD to your local currency, for example. I'd suggest looking at all the details in your PayPal account and then talking it over with them.

[LittleMe Jewell]

11 minutes ago, Tech Robonaught said:

Is it Abuse to sell $696.00 worth of Linden to LL and net $652 after its gone to paypal?

Abuse?  Are you kidding?  That's a pretty extreme term for it.  I'd simply call it 'high fees' and the cost of doing business.  Save 'abuse' for things that it really applies to.

[Rolig Loon]

22 minutes ago, LittleMe Jewell said:

Actually, if you figure $696 minus 3.5% for the "selling L$" fee and then 2.5% for the "process credit" fee, ending up with $652 being transferred into PayPal is about right.

There you go.  My brain wasn't up to doing the math before my morning shower, but it does look right.

[Tech Robonaught]

On 2/1/2018 at 9:35 AM, Rolig Loon said:

Abuse?  No. That would be stretching the definition of the word. It looks like a lot to lose in a transaction, but it's impossible to tell whether there's something wrong without knowing all the details.  That's a pretty normal amount to lose in international exchange fees if PayPal is transferring from USD to your local currency, for example. I'd suggest looking at all the details in your PayPal account and then talking it over with them.

No currency transfer fee, I live in the US.

[Rolig Loon]

1 hour ago, Tech Robonaught said:

No currency transfer fee, I live in the US.

Yup.  See LittleMe's prize-winning analysis, above ^^

[LittleMe Jewell]

1 hour ago, Tech Robonaught said:

No currency transfer fee, I live in the US.

You still have to pay a fee for actually changing the L$ to US$ and then another fee to take those US$ out of LL rather than leaving it as a balance on your account.