Land Auctions changes

Changes to Land Auction Delivery

--------------------------------------------------------------------------------

In our continuing efforts to simplify the land purchasing transactions, streamline our operations, and reduce our exposure to risk, we are making the following three changes to the land auction delivery process.

First, upon winning a US dollar auction, the winning Resident will be billed within 24 hours using their payment method on file. If no valid payment method is available the winning bid amount will applied to the Resident's balance due.

Upon winning a Linden dollar auctions, regardless of current balance, Residents will have the appropriate number of Lindens deducted from their accounts. Residents may have a resulting negative L$ balance.

Second, the Resident's new total square meter commitment (including the newly won auction land) will be used to determine if the Resident needs to be moved into a new tier. If a new tier is required, the Resident will automatically be moved to the new tier level.

Lastly, the parcel associated with the won auction will be transferred immediately to the new owner. The owner is no longer required to go in-world and purchase the land for L$ 0.

Also, when an auction closes, a summary email is sent to the winner notifying them of the transaction when it occurs.

More information on these changes can be found in the Auction FAQ:
http://secondlife.com/auctions/faq.php

We plan on launching this new system on May 9, 2006, all auctions completed after this time will be held to the new system.

I am concerned about this part

First, upon winning a US dollar auction, the winning Resident will be billed within 24 hours using their payment method on file. If no valid payment method is available the winning bid amount will applied to the Resident's balance due.

Does this mean we can't use existing US dollar balances in our accounts now to pay things? WIll things automatically go to our credit cards even if we have pleanty in US$ on our account?

my suggestion would be take your CC off your account if you would rather pay it with your existing balance

Thats how I read it too. Makes keeping a US$ ballance useless I would think. Not to mention an unecessary risk.

I am concerned about this part

First, upon winning a US dollar auction, the winning Resident will be billed within 24 hours using their payment method on file. If no valid payment method is available the winning bid amount will applied to the Resident's balance due.

Does this mean we can't use existing US dollar balances in our accounts now to pay things? WIll things automatically go to our credit cards even if we have pleanty in US$ on our account?

First, upon winning a US dollar auction, the winning Resident will be billed within 24 hours using their payment method on file. If no valid payment method is available the winning bid amount will applied to the Resident's balance due.

Does this mean we can't use existing US dollar balances in our accounts now to pay things? WIll things automatically go to our credit cards even if we have pleanty in US$ on our account?

Upon winning a Linden dollar auctions, regardless of current balance, Residents will have the appropriate number of Lindens deducted from their accounts. Residents may have a resulting negative L$ balance.

I imagine that if you ask, it'll turn out that they look to your balance first like they do for all other transactions. The announcement probably isn't literal. Would be good to find out though, maybe a hotline post.

I don't see how these changes will affect Land Barons at all. They look good to me.

Because a certian someone used to buy sims, then default on them, which let her/him only pay t he $25 and would cause other people to lose tha auction. So then it would get cycled again to go to auction. Now, instead of that, she/he has to pay and tiers up when they but a sim.

Edit: But yes, this is a good thing.

That won't change. I am quite sure you could still call LL and have the auction canceled due to an error. I did it once bc of a bid with one too many zeros.

LL will not let anyone repetedly do this so if you are saying that some "Land Baron" was using this as a tactic, it would only be allowed a couple of times, then LL wouldn't approve of the sale being busted.

Anyways, lumping all "Land Barons" together with idiots that use these practices is short sighted, to say it nicely. There are many reputable, honest "Land Barons" who do not do anything of this sort.

These changes still won't change a thing from the "Land Baron's" perspectice.