Selling Lindens Via PayPal...A Nightmare

Thanks Argos.

I've only sold on the LindeX, where the standard rate is 28600L per $100 (inc. the 3.5%). I wait until I see it's a little better, usually 28500L/$100.01, but occasionally slightly more. So selling on the SLX is 1000L or so cheaper per US$100?

Do they only pay into PayPal, or will they send cheques?

You must be doing Market Sells instead of Limit Sells. Your robbing yourself of 10-11 L/$, which could add up if you're selling a bunch.

wow.
selling legit linden$ on ebay is not illegal.

No, it is not. BUT you have no control over the buyers, and THEY could use stolen credit cards to buy the lindens. In this case, both accounts would most likely be suspended, even if the Lindens were legit. I for one would not take that risk when SLEX is even faster than Ebay, even with big orders.

and to think i almost felt sorry for you. pig.

true, but there are people in this thread making out that selling lindens on ebay is a tos violation, and its not.

You are right -

Its not a violation.

But that hasn't stopped people from getting suspended or their L$ taken over it.

Considering the "guilty just cause LL says you're guilty" approach to the fraud prevention system, its a pretty big risk.

Basically its ammount to:

buy or sell Lindens on Ebay at your own AND additional unforeseen Risk.

14 days... Two whole full weeks...

That's how long it took LL to process my Linden sale and credit me US$450 in cash. So much for their "zero to five day" policy, huh?

Now I have to transfer it from PayPal to my bank account, another three days...

And several posters were right. Over the last three days I sold about US$5,000 in Lindens and got the cash instantly transferred to my PayPal account within seconds on each transaction. My first few transactions have already began hitting my bank account since I started selling Lindens 3 days ago.

Why is Linden Lab so fudged up when the the SLX can do it in an instant? Why?

And I'm oinking all the way to the bank. Wonder what inspired you to want to call me a pig, though... Damn, must be jealousy. Or plain ignorance.

You guys plain amaze me with your presumptuous opinions. No stolen credit card or identity. I spoke with him on the telephone, yadda yadda. Of course, it occurs to me that no matter what I say your opinion of the situation is set in stone so I'm not going to bother with an ongoing defense.

People do what people do. Many times it defies explanation. That's all there is to it.

One of the eternal questions. Particularly given that SLX is hardly some sort of huge operation anyway.

I said it was identity fraud OR they were guessing about the lindex. Read the full sentence next time. There's no way for anyone that is truly informed about the lindex to tell you the things that this person told you.

Have it your way, as you will regardless.

There have only been 9 business days since you sold on the 3rd...it still sucks that it took them almost twice as long as it should have, but 14 is an exaggeration.

3rd - Weekend, not counted
4th - day 0 (sale date)
5th - day 1
6th - day 2
7th - day 3
8th - day 4
9th & 10th - Weekend
11th - day 5
12th - day 6
13th - day 7
14th - day 8
15th - day 9



Which has absolutely nothing to do with LL.



Best guess: It's just not as high a priority. They have many, many more issues to address and, as we all know, not enough staff to do it. SLX has their focus on commerce and the Exchange almost exclusively.

excuse me for being such a noob . but . i read earlier in this post that some one was upset for not being able to pay rent in rl cause of sl money.. are u all really making this kinda real money in this game?? if so please tell us noobs how u are and how much .. i have been on here sence nov of 07 and i have about 10,000 just from camping and i actually bought some L but please tell how u are doing this if u would

make stuff...sell it. and I would like to add that when i have sold my linden over 1500.00 USD worth..it was sold over night..you have to make sure that your selling at a specific price..not market value. I check in from time with an old banker friend to gauge what i should be selling my linden at.

If you sell at too high a rate it simply won't sell...if you sell too cheap well you're cheating yourself. Last i checked the going rate was 2.77? sell rate..or something like that.

~Lana Tomba

Wow, you can count. I'm impressed...

I quit my real life job in August of last year and have made enough in Second Life to pay all my bills since then using four premium accounts. It can be done. I'm living proof.

The original purpose of this post was my complaint that I tried using the Linden Lab method of selling Lindens for cash and it turned out to be a total nightmare, resulting in my rent being late.

Over the last several months I've sold many tens of thousands of Lindens through eBay and also within Second Life itself - offering to provide Lindens in exchange for payments made directly to me using PayPal.

I've never had a single complaint because I do everything fully legitimately. I run two external web servers that stream live videos (42 streams with 6 new videos added every day) that both feed into booths I run that people may rent as well as viewing screens I sell that people can place on their own property - both owned and rented.

I average between $100 and $200 per day - that's real live US$ cash. It's very profitable and I'm quite happy with it.

Again though, my purpose in this thread was complaining about the horribly long process that Linden Lab imparts when converting Lindens to cash. Having tried the method advised on here to use the SL Exchange I have now sold about $8,000 USD worth of Lindens in the last several days and had them instandly credited to my PayPal account without flaw or delay.

I will continue to sell Lindens on eBay - in fact I sold L$60,000 in the last 24 hours - because it is NOT illegal nor against the LL terms of service. My Lindens are all gained through legitimate means and sold in the same manner. The idea of selling them to someone using a stolen credit card has no jurisdiction with Linden Labs because that is controlled through PayPal and eBay in their efforts to monitor stolen credit cards and accounts so I'm still under no fault nor penalty. The only point of importance here is that the Lindens I personally sell have been obtained legitimately and they have.

So yeah, you can definitely make a lot of money in Second Life if you have the drive and ambition. I spend 12+ hours a day in second Life through my multiple premium accounts and I love it.

This is the only thing that makes me totally suspicious of your statements, I work for celebrities and one of my main jobs is stopping 'people' from talking to them on the telephone.

However, I totally understand if this was just an attempt to justify your dealings with this guy as you have been put on the defensive. And if you really did speak to him, then apologises for the assumption, and you really don't have to defend you did to me, I'm really not that important, it was just an observation.

Thats your prerogative.

Of course -

If you do end up getting any of your money or accounts seized, don't say we didn't warn you.

i think the word you were looking for was disgust.

never waited more then 3 days..............or 5 days hoildays and weekends.....

Any crazy chance did you file a support ticket???????/

I read the RA forum frequently and I have never read a post from someone saying that they had any action taken against them by Linden Lab for selling Linden Dollars on Ebay. If anyone can send a url of such a post where the poster was the actual person asserting that they had such action taken against them I'd like to see it. I've seen plenty of posts about people getting nailed for buying Linden Dollars off of Ebay.

Still, I have no idea why one would want to sell Linden Dollars on Ebay over the SLExchange and even more importantly I have no idea why anyone would be foolish enough to buy Linden Dollars on Ebay. While the seller may not be at risk if he or she did not obtain the Lindens through illegitimate means, the buyer is at great risk as he or she has no idea where the Linden Dollars are coming from. The only reason I can think of that might tempt a buyer to purchase through Ebay is if the amount of Lindens per US Dollar was significantly greater than what they could get through SLExchange. The problem with that is you have to wonder why the seller would sell for such a low amount and a highly probable answer is that the Linden Dollars were obtained by fraud. If it looks too good to be true, it probably is.

A legitimate seller usually wants to get the best exchange rate for his or her Linden Dollars and the SLExchange generally offers an exchange rate that is as good as or better than the Lindex, is generally faster than the Lindex, and involves no risk of action by Linden Lab upon the seller or buyer. The seller has a good return for his sale and presumably a bigger market for it than on Ebay so I would encourage the OP to sell on SLExchange over Ebay.