When purchasing L$ with a credit card, does the credit card company consider it a purchase or a cash advance? In RL purchasing foreign currency (or chips at a casino) with a credit card counts as a cash advance, not a purchase. I'm sure lots of people here have purchased L$ with a credit card, so how is it considered?
On a related topic, it seems that currently the only way to receive US$ from L$ is either to have a check mailed (with a high fee) or have it credited to a PayPal account (which then incurs both the SL fee and the PayPal fee). If one uses a credit card to purchase L$, why not have the card credited back when L$ are sold? Any plans for this?
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Newbie questions about using credit card |
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Randall Roy
Registered User
Join date: 28 Jul 2006
Posts: 2
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07-29-2006 12:30
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Schwanson Schlegel
SL's Tokin' Villain
Join date: 15 Nov 2003
Posts: 2,721
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07-29-2006 12:36
When purchasing L$ with a credit card, does the credit card company consider it a purchase or a cash advance? A purchase On a related topic, it seems that currently the only way to receive US$ from L$ is either to have a check mailed (with a high fee) or have it credited to a PayPal account (which then incurs both the SL fee and the PayPal fee). If one uses a credit card to purchase L$, why not have the card credited back when L$ are sold? Any plans for this? I am fairly certain credit card companies would frown on this. Credit card companies like their cards to be used for purchases, not crediting. _____________________
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Svar Beckersted
Registered User
Join date: 14 Apr 2006
Posts: 783
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07-29-2006 13:39
When purchasing L$ with a credit card, does the credit card company consider it a purchase or a cash advance? In RL purchasing foreign currency (or chips at a casino) with a credit card counts as a cash advance, not a purchase. I'm sure lots of people here have purchased L$ with a credit card, so how is it considered? On a related topic, it seems that currently the only way to receive US$ from L$ is either to have a check mailed (with a high fee) or have it credited to a PayPal account (which then incurs both the SL fee and the PayPal fee). If one uses a credit card to purchase L$, why not have the card credited back when L$ are sold? Any plans for this? I have used a visa card for $ thousands to add credit to my account and they are all counted as purchases. |
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Randall Roy
Registered User
Join date: 28 Jul 2006
Posts: 2
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07-29-2006 13:54
Thanks!
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Vinny Demar
Registered User
Join date: 25 May 2006
Posts: 43
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07-29-2006 17:15
say... I have never read up on policies for caching out... where do you find that?
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Schwanson Schlegel
SL's Tokin' Villain
Join date: 15 Nov 2003
Posts: 2,721
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07-29-2006 18:01
say... I have never read up on policies for caching out... where do you find that? https://secondlife.com/currency/ https://secondlife.com/currency/describe-transaction-fees.php _____________________
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Alan Edison
Ty Zvezda
Join date: 28 Jun 2004
Posts: 420
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07-30-2006 04:42
yea it's a purchase & if ur not working in USD u get charged by your bank for the exchange (my bank charges me £1.50 on each order!!!)
if you're worried bout the exchange fee, run it into paypal, exchange it there then send to SL _____________________
Ty Zvezda
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