Can't cash out? Anyone Experienced this.

A while I took out credit to give to friend to help him cover things this next year for
Birthday present it was about 140 usd. in Lindens. I had originally thought about just cashing it out having them send it back to me but I thought he would appreciate it more then the aggravation of me trying to cash out. If I had known he needed the cash more in person I would have cashed out and handed to it him in person but he just told me about situation.
Wonder has anyone else experienced this?
My friend that I gave him the money this month had family emergency really needed the money for something else. He hadn't had chance to pay for his year membership and remember he had the credits.
He went through process of cash out 100 usd of it to have it sent to him.
LL wrote him and told he couldn't because he hadn't bought the L and names didn't match and I would have too cash it out.
He said he understood that it was fraud protection thing but it got me wondering has anyone else experienced this.
Couple times friends have offered me large sums of L$ for me to cash out for personal FL things but I refused and I wonder if I had accepted if this would happen.
People get lot of L$ in transactions all the time and cash out I thought.
Why is it suddenly a issue now? Is it the recces ion they don't want us all cashing out and made new policy?

I have no idea why they wouldn't let him cash out through the Lindex... I only did it once quite awhile ago. If he can convert it back into Lindens, he should take it out through XstreetSL instead. I always use them, and it's always been very fast and easy.

I am pretty annoyed. If my friend needed to do that he should had right to he is new and doesn't have Xstreet account and api risk is tied in so I don't know if they allow it.
Out of the literally hundreds I have spent buying legitimately from them and rarely have I have given anyone this amount I don't understand why it would be issue.
It is like if a bunch of friends got together and gave me 10k each for something for them that they bought L$ directly from LL told you can't cash, these other people bought it.
I am now truly convinced trading L$ for business transactions even for few dollars is total is waste of time here.
Where was this policy during the Ginko thing? No Linden told Nick hey those thousands of L are so so they have to cash it and give you cash. No Sim land baron that sold out and cashed out was told nope you can't use the L$ to cash out.
I guess no one cares, I guess they won't be getting anything more from me either.

You should do that thru Pay-Pal. Passing money to an avatar and then they want to immediately cash it out will trigger Fraud in a heart beat, since that's how accounts are robbed on a regular basis if someone had their account hacked.

What Dilbert said. Also, you said he is new - another tick in the wrong list.

The first time I tried to cash out, the names didn't match and the cash-out was denied. SL had my RL info as Phil, which is what people call me, but my bank account is in the name of Phillip, so they wouldn't send the money. Changing my RL details fixed it. I imagine that quite a few people's RL info is like that and it doesn't matter until an exact match is needed.

If I knew he needed I would have cashed out and gave it to him in person but its the point that they are making a stink over 100 usd when people have literally been swindled out out of hundreds of dollars and LL looked the other way.
I bought the L directly from from LL, I have spent thousands of dollars cash directly to LL here in last few years in land, in tier. The person was a friend from my first life, I gave it to him as gift so that he could pay for things like his membership and tiers this next year and he decided he needed it more after having family emergency. The issue is you and your friends give you 5k for item or gift and you cash out the policy based on what they told my friend that he has to cash out the credit give it back to the source have them give them cash so LL won't have too.
And they wanted to promote SL as business where people could make real money?
I understand if it was literally thousands of dollars or if it was from illegitimate source but I had just bought the L directly from them and they knew it and only issue was who bought it wasn't same the person as the person selling it.
Well heck with that if my friend can't use the L$ I give them then LL doesn't need my cash.
I got 59 dollars in credit and 10 months more of tier and after that they aren't getting a dime from me.
Lot of people don't trust Paypal and I am one of them.

FD, please don't take this personally but take a close look at the facts, I know what you did was all in good faith but think of it another way around.

What if your account was hacked and someone purchased 100USD through your account, gave it to another AV or Alt of theirs and cashed out and LL allowed this to happen?

Because of the way in which this transaction took place as already mentioned it would send alarm bells ringing. LL have no idea why or what the reasons are for your friend receiving the money and they have no idea if in fact the person that gave them the money was actually yourself mkaing the original transaction in RL through your account page. The transaction would of appeared in History as a transaction from AV to AV for approximately L$36000 for what? It looks suspicous regardless of amount or value.

I am sorry for the inconvenience it has caused you but I think as your friend is the one facing the problem of cashing out he/she should contact LL and explain the reasons and ask for the money to be returned to yourself.

Good Luck

Yeah my friend was cool about it but it really was something on long list of stuff that upset me. He said he thought it had to do with fraud protection.
So if I had paid him 40k through me buying a prim would it had been the same?
What I heard is basically LL saying my money is good enough to take to get tier, Lindens, etc but its not good enough to give to my friends for whatever purposes they want.
Heck he could been really good hooker which often is AV to AV transactions too
But hear what you're saying. If he wants the money tell him to give to call LL tomorrow and we both will talk to them on phone and I see if I can get back and cash it out and have it hand delivered to him.

I think your problem stems from the fact that the L$ you are trying to cash out are L$ that you previously purchased from LL.

"Note that you may only process credit due to net proceeds from sales of Linden Dollars. Purchases of account credits.... are nonrefundable, and may not be processed as a payment to you. "

(quoted in part from the info posted on the process credit page)

So, since you purchased those L$, you cant cash them out yourself and when you gifted them to your friend to cash out on your behalf, LL caught it.

I'm not saying you did anything wrong, but thats just what I think may be a cause of your probs here.

Hmm I never knew that was policy. I had given him the gift over a month ago for his birthday.
It was done innocently.
Lesson learned, and it sort of another reason not to totally see LL
in good light truthfully for me personally.
Anyway for me it just another reason to not trust the process because they intentionally make things complex or hide certain things I never seen that in my numerous years here any where in TOS and Linden transactions that was posted up above and it personally is another reason not to deal in L$ whether it is personal or business reasons here but I also understand what others are saying.
Thanks all.

Zolen

Good point but in this case FD as of yet has not had the L$ himself to cash out.

FD, when you do get to speak with LL over this make sure that they can reverse the cashing out your own funds as you may find yourself with 40k in lindens and you can't cash them due to the TOS.

if that happened, he could always SELL himself an empty box for 40k. then the money was trasnferred legitimately.

He could of most probably done that in the first place had his friend set a box for sale, gave it a fancy name like "Business in a Box" then sold it to the FD.

Then FD would of had one of those "Businesses In a Box", paid a legitimate 40k for and his business would of been as good as all the other Businesses in a Box that sell for far less.

Haha Finally a business idea empty business in box transactions. No one wants the paintings I do that take endless of hours but they might want empty box. If I paying them.
Not that I am going to do this again. It was sort of thank you gift. I have friends in past who are, were doing bit better then I who had helped me with tier, yearly memberships, even lovely program called Photoshop. And one of my few friends in FD's humans real life joined and he doesn't have whole lot but went Premium and I wanted to give him gift in November of not having to worry about tier, membership fees for year after I took out 200 in credit for what will be last time for me.
There is lot I still don't know even after 6 years and my memory doesn't always rezz properly.
Neither one of us knew and I forgot LL doesn't buy the L$ back it's not in their interest
to lose money whether in legitimate transactions or not based on what I did review.
Any way for me SL hasn't been about really about making money it's about friendship, learning. being creative and creating.
I have gotten gifts from friends that I never expected and created lot of cool things which I have truly appreciated about SL, in beta in sucked for me I had no friends and what made things work this time around was the friendships. Friends like Larrie giving me pointers, helping me figure out how to improve what I do and kind words from others in world, here on forum when things were getting difficult.
And while there is nothing wrong with making money in honest ways that doesn't hurt or commit fraud anyone one else, I personally I am so tired of money aspect of LL.
I rather focus on open source private island at this point sense really doesn't matter if I am premium or not, if I spend money or not yet their some how always seems to be this constant pressure if you're content creator to make lots of L$ or have tons of land.
I have wondered why those serious about business here who are content creators just don't create site like Xstreet or Onrez but only deal with cash subscriptions only personally, perhaps it just to hard to do?
Anyway I am sorry if I came off sounded angry, whining or grumpy about this.
I was in the wrong because forgot about LL's policy on cashing out just felt it singled me and my first life friend.
Thanks all who responded. FD