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Sunday, March 5, 2017

Are You Buying on the Marketplace with $US Dollars? Don't!



Hello, gentle readers!

Most of us use the Second Life Marketplace from time to time...some of us even do ALL of our shopping there. And no wonder, there are over 2 million items for sale on the Marketplace.

The vast majority of us use Linden Dollars ($L), the currency of Second Life, to make our Marketplace purchases. However, there's an option to use $USD if you prefer, or if you don't have any $L.

But, if you're doing this, you should not be. Things on the Marketplace cost quite a bit more if you buy them with $USD instead of $L. Here is what Linden Lab has to say about it:

Charges and Costs When You Use US Dollar Pricing:

We Set the “US Dollar” or “USD” Price For Each Sale In Our Discretion

SL Marketplace merchants may select the price of their virtual goods in L$, at their own discretion. However, regardless of that L$ price, Linden Lab provides SL Marketplace buyers an additional “US Dollar” or “USD”  option, as a convenience to buyers and sellers. Buyers may select, on a per-transaction basis, whether they wish to pay using the L$ option or the USD option.

It is important to note that the USD price we charge for an item that is also listed in L$ is not based on the US Dollar price that the L$ would cost on the LindeX exchange. Rather, the USD price is generally between ten (10) and fifteen (15) percent percent greater than what a user would pay, were the user to make that same purchase with L$ already purchased on the LindeX -- and at any given time, the USD price may in fact be greater than that. For the exact exchange rate (i.e., how many L$ are provided per US Dollar) at any time, please see the “*Rates” disclosure that appears in your shopping cart.

In addition to this, we charge buyers who use the USD purchase option an additional $.30 “Purchasing Fee” per checkout. We may increase (or decrease) this Purchasing Fee in our sole discretion. If we increase this Purchasing Fee, it will be clearly and conspicuously disclosed in the user interface. Thus, buyers seeking the best value should purchase L$ on the LindeX for use on the SL Marketplace, in order to obtain the best price.   (emphasis added.)

Set up a payment method and buy some $L before you go shopping on the Marketplace!  
If you are looking at a Marketplace page and saying, "What is she talking about?  I don't see a $USD option," here is where to find it.
Go to your cart, click the Check Out button

Click "More Payment Options"

Click the PayPal (or Skrill) Option.  You must first add one of these to your Payment Methods

Notice the Price Difference!  Almost $L100 More!

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