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Naiman Broome

LL to adopt Transferwise payments?

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I am wondering if is possible to ask LL to adopt transferwise for payments abroad Instead of skrill and Paypal?

Those last suck too much on exchange commissions that goe from 3 to 5%  compared to the 0.5% of Transferwise that is based on a p2p money exchange ...

 

That said What you think of it?

 

http://internationalmoneytransfers.org/transferwise-vs-paypal/

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On 19-6-2018 at 1:19 PM, Naiman Broome said:

That said What you think of it?

i see quite some reviews online that state payments can take a few days to complete, LL is never going to accept that for L$ and other instant fees i think.

I can imagine premium subscriptions and landfees are a bit less urgent to be performded instantly. But not very likely they'r interested for implimentation of such different sources to get their money.

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On 6/19/2018 at 5:19 AM, Naiman Broome said:

I am wondering if is possible to ask LL to adopt transferwise for payments abroad Instead of skrill and Paypal?

Those last suck too much on exchange commissions that goe from 3 to 5%  compared to the 0.5% of Transferwise that is based on a p2p money exchange ...

 

That said What you think of it?

 

http://internationalmoneytransfers.org/transferwise-vs-paypal/

You could always put in a JIRA Feature Request.  You never know until you try.

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On 21/6/2018 at 7:29 AM, Alwin Alcott said:

i see quite some reviews online that state payments can take a few days to complete, LL is never going to accept that for L$ and other instant fees i think.

I can imagine premium subscriptions and landfees are a bit less urgent to be performded instantly. But not very likely they'r interested for implimentation of such different sources to get their money.

I don't understand what's the issue behind it? Even LL takes some days to complete a withdrawal .  ALso I am referring to withdrawals not to payments.

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Every payment method comes with costs, those costs include setting it up, training persons to do the support for it, paying those persons to hang around, fees ... if the business folks decide the cost are worth the expected bonus in income they will add it - if not they won't bother.

Edited by Fionalein

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2 hours ago, Naiman Broome said:

I don't understand what's the issue behind it? Even LL takes some days to complete a withdrawal .  ALso I am referring to withdrawals not to payments.

LL uses only two way methods at the moment. Even Credit Cards are tested for this, and when it fails or takes to long, the CC gets declined.
A slow reveiving payment is, as understandable, not acceptable for the LindeX transactions.

Also, why add a new method if you have the largest possible coverage in the world with paypal and skrill. This new one would only be a doubling, it adds no new areas.
And often forgotten... costs... including the ones that Fiona already mentioned, people forget companies aren't free to use those services and pay higher fees than simple users as most SL residents.

 

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16 hours ago, Alwin Alcott said:

LL uses only two way methods at the moment. Even Credit Cards are tested for this, and when it fails or takes to long, the CC gets declined.
A slow reveiving payment is, as understandable, not acceptable for the LindeX transactions.

Also, why add a new method if you have the largest possible coverage in the world with paypal and skrill. This new one would only be a doubling, it adds no new areas.
And often forgotten... costs... including the ones that Fiona already mentioned, people forget companies aren't free to use those services and pay higher fees than simple users as most SL residents.

 

Because I am not referring for PAyment but for withdrawal metods ... Some of us are not from US and have to pay a lot in terms of Conversion to Paypal like 3.5% or more , with that system instead money would be simply transfered by LL to bank accounts like with Paypal in a quick way , and LL wouln't care if it takes 3 days to reach us as this method would be only used for sending money out.

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16 hours ago, Fionalein said:

Every payment method comes with costs, those costs include setting it up, training persons to do the support for it, paying those persons to hang around, fees ... if the business folks decide the cost are worth the expected bonus in income they will add it - if not they won't bother.

Its just a button on a website for the most, there is no training needed and all  rest is automated, its an easy system just like paypal , but with a 0 % conversion cost instead of 3.5% of Paypal.

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1 hour ago, Naiman Broome said:

Because I am not referring for PAyment but for withdrawal metods

you don't read ... LL ONLY uses two sided now, payment AND withdraw.

Even with CC not used to withdraw they need to accept payment from LL to be verified as usable.

 

Also you can go in discussion about it, but you asked for opinions, you now only post your disagreements with anyone that doesn't agree with your opinion.... pretty useless.

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