Second Life Forums Archive - using alt accounts to trade $L?

Jesseaitui Petion

king of polynesia :P

Join date: 2 Jan 2006

Posts: 2,175

03-26-2007 21:33

Would one be allowed to use an alt account to transfer large sums of money to, then sell it on lindex from that alt account?

Weedy Herbst

Too many parameters

Join date: 5 Aug 2004

Posts: 2,255

03-26-2007 22:03

From: Jesseaitui Petion

Would one be allowed to use an alt account to transfer large sums of money to, then sell it on lindex from that alt account?

That's how the bots do it.

If you do it though, you'd run the risk of having your account frozen.

_____________________

Kitty Barnett

Registered User

Join date: 10 May 2006

Posts: 5,586

03-26-2007 22:14

From: Jesseaitui Petion

Would one be allowed to use an alt account to transfer large sums of money to, then sell it on lindex from that alt account?

As long as the sum of both accounts doesn't exceed your normal trading limit, I don't think there would be any kind of problem.

I don't think it would be really worth the risk to try and circumvent it though.

Jesseaitui Petion

king of polynesia :P

Join date: 2 Jan 2006

Posts: 2,175

03-26-2007 23:59

thanks you two, that`s exactly what I wanted to know.

I have already asked LL if they could raise my trading limits and it said allow 5 business days to hear back; and of course, Ive heard nothing -but- this same story in the forums over and over so I guess theres nothing to do but sell on 3rd party sites of which i am not familiar to any of it.

When selling on a 3rd party site does the money basically rot in there until someone decides to buy it? Im looking for a fast transaction like the lindex offers.

Is this possible elsewhere?

AWM Mars

Scarey Dude :¬)

Join date: 10 Apr 2004

Posts: 3,398

03-27-2007 05:21

We as a company/group trading in SL, use a central alt account to make all transactions through and from. This allows us to keep one set of 'books' using the transaction history, for potential taxation purposes. NC's are used to show payments made to vendors/contractors etc, and also any payments received through our clients. Any payments made to any other group member is returned and asked that they only pay that one account, it is written in all our contracts. 'Wages' are paid to group members directly from that account using an ingame ATM system, authorised by the 'accountant' alt account and NC's made to show what each transaction was made for.
We download all transaction reports regularily and copy these onto all of our 4 mirrored servers located in 3 countries for safe keeping and comitted to paper and CD rom.
The alt account has paypal access to accept either investments/payments from the outside world, or payments made to companies/individuals out of game.

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Sara Sullivan

Registered User

Join date: 21 Nov 2005

Posts: 211

03-27-2007 05:41

From: Jesseaitui Petion

thanks you two, that`s exactly what I wanted to know.
When selling on a 3rd party site does the money basically rot in there until someone decides to buy it? Im looking for a fast transaction like the lindex offers.

Is this possible elsewhere?

Selling Lindens ANYWHERE requires someone to buy it first, The Lindex just sells very fast especially if you place your sell order as a limit sell. SLExchange allows you to sell Lindens and does get the US dollars to you alot faster than Linden Labs do.
APEZ also allows selling and works in alot fo different currencies, not just US Dollars.

www.slexchange.com
www.apez.biz

these 2 are the most respected outside of Second Life.

using alt accounts to trade $L?
Jesseaitui Petion king of polynesia :P Join date: 2 Jan 2006 Posts: 2,175	03-26-2007 21:33 Would one be allowed to use an alt account to transfer large sums of money to, then sell it on lindex from that alt account?
Weedy Herbst Too many parameters Join date: 5 Aug 2004 Posts: 2,255	03-26-2007 22:03 From: Jesseaitui Petion Would one be allowed to use an alt account to transfer large sums of money to, then sell it on lindex from that alt account? That's how the bots do it. If you do it though, you'd run the risk of having your account frozen. _____________________
Kitty Barnett Registered User Join date: 10 May 2006 Posts: 5,586	03-26-2007 22:14 From: Jesseaitui Petion Would one be allowed to use an alt account to transfer large sums of money to, then sell it on lindex from that alt account? As long as the sum of both accounts doesn't exceed your normal trading limit, I don't think there would be any kind of problem. I don't think it would be really worth the risk to try and circumvent it though.
Jesseaitui Petion king of polynesia :P Join date: 2 Jan 2006 Posts: 2,175	03-26-2007 23:59 thanks you two, that`s exactly what I wanted to know. I have already asked LL if they could raise my trading limits and it said allow 5 business days to hear back; and of course, Ive heard nothing -but- this same story in the forums over and over so I guess theres nothing to do but sell on 3rd party sites of which i am not familiar to any of it. When selling on a 3rd party site does the money basically rot in there until someone decides to buy it? Im looking for a fast transaction like the lindex offers. Is this possible elsewhere?
AWM Mars Scarey Dude :¬) Join date: 10 Apr 2004 Posts: 3,398	03-27-2007 05:21 We as a company/group trading in SL, use a central alt account to make all transactions through and from. This allows us to keep one set of 'books' using the transaction history, for potential taxation purposes. NC's are used to show payments made to vendors/contractors etc, and also any payments received through our clients. Any payments made to any other group member is returned and asked that they only pay that one account, it is written in all our contracts. 'Wages' are paid to group members directly from that account using an ingame ATM system, authorised by the 'accountant' alt account and NC's made to show what each transaction was made for. We download all transaction reports regularily and copy these onto all of our 4 mirrored servers located in 3 countries for safe keeping and comitted to paper and CD rom. The alt account has paypal access to accept either investments/payments from the outside world, or payments made to companies/individuals out of game. _____________________ * Politeness is priceless when received, cost nothing to own or give, yet many cannot afford - Why do you only see typo's AFTER you have clicked submit? http://www.wba-advertising.com http://www.nex-core-mm.com http://www.eml-entertainments.com http://www.v-innovate.com
Sara Sullivan Registered User Join date: 21 Nov 2005 Posts: 211	03-27-2007 05:41 From: Jesseaitui Petion thanks you two, that`s exactly what I wanted to know. When selling on a 3rd party site does the money basically rot in there until someone decides to buy it? Im looking for a fast transaction like the lindex offers. Is this possible elsewhere? Selling Lindens ANYWHERE requires someone to buy it first, The Lindex just sells very fast especially if you place your sell order as a limit sell. SLExchange allows you to sell Lindens and does get the US dollars to you alot faster than Linden Labs do. APEZ also allows selling and works in alot fo different currencies, not just US Dollars. www.slexchange.com www.apez.biz these 2 are the most respected outside of Second Life.

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using alt accounts to trade $L?