Linden limit increase

Anyone know how long it takes to increase your limit? I just burned through my resident lvl1 amounts

I sent in my first request one week ago. Should I keep pestering them through the linden limit increase request link, or are there other avenues to take?

Thanks for any input

I`m on my second request and plan to keep hitting the button until they raise it or tell me to stop.

Well the limits are there to prevent fraud, so since you only joined a couple months ago they may be taking extra care in investigating your account history.


Great! I'm sure that will help, and not add clutter to an already clogged system.

Hurr hurr hurr.

I hit it, wait 5 days, and resubmit.

If they have a problem with it they should start answering people.

Sounds reasonable.

It would be nice to at least get an automated reply with a reference #...this way it wouldn't feel like your requests are disappearing down a deep black hole.

""It would be nice to at least get an automated reply with a reference #...this way it wouldn't feel like your requests are disappearing down a deep black hole.""

Yes, an autoreply would be good. I'm on my second week of my request.

A REAL business would also change they website from the current "...and get back to you within 5 business days." to something like "the average wait time is XX days" then update that real-time based on their backlog.

hm, I think I did get an automated reply when I applied for a limit increase a while back, but I forget exactly.

HAHAHA 5 days? Try 5 weeks. If you're lucky.

I've been through two or three billing limit increases and each one took over a month at least.

OK!

There's the answer I was looking for, thanks Elanthius.

Since it takes so long to get your limits increased, I wonder how many people are doing what I am, and requesting one even though I really don't need one now, but anticipate possibly needing one in the next month or so when I relocate and expand my business.

Of course that's probably clogging up the system too - but if I end up needing an increase, I want it to be there when I need it.

Worse than that is this sense that submitting your request over and over again will make it more likely to be dealt with. I don't know if this is true or not (and I suspect it is). But LL needs to do something serious so people don't believe this anymore because it must be a huge waste for them to deal with 30 emails instead of one.

I suggest a ticketing system with some public way of telling which ticket they are working on currently. Like those numbers you get at the post office. That way you can get a sense of when your request will be dealt with and can tell immediately if it gets skipped over for some reason. Of course it would make it imperative that LL deal with requests in chronological order which may be a less efficient.

what he said

SL Exchange has a currency exchange, which might solve your problem if you need to buy or sell more than your LindeX limits. I haven't used it personally, but it's an organization with a good reputation.

It works slightly differently than LindeX. If you want to buy Lindens, you have to deposit US$ with them first, and they take 2.2% off as a deposit fee if you send them US$ by regular PayPal payment. However, this 2.2% is waived if you do a PayPal "MassPay" (requires a PayPal premium account or business account), or if you send them a check or money order by postal mail.

Market buys/sells work differently from LindeX. If you see a bid or ask at L$ X per US$, your market buy/sell will be filled at L$ X - 4.5 or L$ X + 4.5, respectively (the difference represents SL Exchange's profit). However, a limit buy/sell will be filled at the price you specify.

You can currently buy L$ slightly cheaper at SL Exchange than on LindeX. The exchange rate is typically something like L$ 285 / US$, which is cheaper than LindeX L$ 277 / US$ even if you pay the 2.2% deposit fee, as long as you do a limit buy and not a market buy.

Conversely, if you sell L$ on SL Exchange, you will get a worse rate than on LindeX, but you reportedly get your US$ sent to you faster (many users report long delays with LindeX).

The difference in exchange rates seem to present an arbitrage opportunity which has persisted for some time. The underlying cause is undoubtedly LindeX trading limits: sellers can't sell all the L$ they need to on LindeX (or they don't want to wait out the long delays), so they dump L$ for a few percent less on SL Exchange. Meanwhile the exchange rate difference persists because few people have high enough LindeX trading limits to exploit the arbitrage opportunity in a truly meaningful or sustained way (and perhaps there's some lingering uncertainty about being burned by LL's Risk API). If you avoid the 2.2% deposit fee, then if you put US$ 1000 into SL Exchange, do a limit buy, and then do a limit sell on LindeX, you should end up with roughly US$ 1035 or so (even after the 3.5% LindeX selling fee), as long as the current exchange rates of roughly L$ 285/US$ on SL Exchange and 266/277 on LindeX remain valid.

The trading volume on SL Exchange's currency exchange appears to be roughly 5 to 10 percent of the LindeX daily volume, so it's a bit thinly traded but still viable.

LL's explanation that purchase limits are there to prevent fraud is probably not the whole story.

SL can be seen as an emerging market economy. Governments of such countries in RL often impose currency controls, because they don't want hot money flooding in and then just as rapidly rushing out again. I strongly suspect LL is doing much the same thing. I just wish they'd be more upfront about it, so that people wouldn't waste time worrying about how to demonstrate their RL solvency when that's not even really the issue.

To put it another way: when China imposes foreign exchange controls on how many euros you can convert into and out of renminbi, it's not because they worry that Europe might commit fraud.

Well atleast now I know there is hope.

Ive been waiting well over 5 days, they really...really...need to change that false information.

Yep I got sick of it and just created some alts to use their limits too.

This is exactly what I thought of doing but I thought it coudl warrant getting introuble so I asked in here and they said account may get frozen.

I take it you havent experienced any trouble. How long have you been doing it for?

I think I need to do this.

It's perfectly legal to do if you pay the one time 9.95 per new alt fee, using a couple of spare email addresses would work ok too I suspect, they have bigger fish to fry, people admiting to owning hundreds of alts
Besides it's the only way to change names for different genre's if you want to roleplay or for a GM to run NPC's

I suspect the limits are to prevent people (especially newbies) from draining their RL accounts dry too

Though in my case the USD to GBP exchange rate means the 0-6 and 7-29 day limits seem a tad low


I'm getting approximately 1.91 USD for 1 GBP atm via paypal