More for your L's at SLX?

I was looking at SLX in regard to selling L's and remember that I read here the price was better there. Well I am confused or am looking in the wrong place because I saw sell orders are 280/1 where as LL is 267/1. Could someone explain to me how selling there you get more for your L's? I understand you get the $ within minutes which is a plus.

FD have you ever figured out what the pips are for or what they mean? Could someone explain that also? Thanks

Where are you getting your Lindex rate? I see 285 per US dollar when I check the estimated proceeds to yield 1 US dollar. Are you taking the 3.5% transaction fee into account?

Pips represent one tenth of the difference between a bid and ask price for lindens per US dollar that must be taken into account to match asking and bidding price for lindens between a seller and a buyer. It's reconciled by subtracting that difference from the the ask to match it to any bidding prices for lindens, i.e. if you want to sell at 280 lindens per US dollar you need a bidder that is bidding 275.5 lindens when the pips are 45 (the current spread).

You choose your asking price and wait for a bidder. 280 merely represents the exchange rate for which one seller is willing to sell lindens. If you click to look at the open orders for lindens you'll notice that there are asking prices on the sell side significantly less than 280 lindens. Eventually lower asking prices get matched up as buyers lower their bids when their initial bids do not get accepted by anyone. You can generally sell for less than the highest sell side and still get your lindens cashed out within a few days which is as fast or faster than the Lindex often works.

Ok I think I understand now but when I sell my L's on the Lindex they sell right away. I have never waited more than 15 or 20 mins for them to sell and get the price I ask so when I saw 285 and didnt understand what a pip was I was confused. I did see alot on the sell list and wondered how long it would take for those to get sold. Thanks for responding and explaining