Exchange Herald Resolved

The reply to my query arrived February 1:

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We have solved your issue
Solution:

Hello Arth Karas,

Thank you for contacting us with your query.

There are billing and trading limits that apply to all accounts based on the billing age.

The billing age starts from when you added a valid payment method and made your first purchase. This could be a membership fee or a small purchase of L$ on the Second Life LindeX (this does not include third party exchanges).

Your limits will increase as your billing age grows. You can see what your billing age is by going on the website: http://secondlife.com/currency/describe-limits.php
Your limit will be highlighted in blue in the Monthly Resident Limits table.
To know your exact age, please refer to your Account Statements, still on the Second Life website and you will see when your first transaction was made.

The limits are in place for fraud and security purposes and a tier review cannot be submitted until your billing age reaches 30 days.

If you have any further queries, then please do not hesitate to contact me.

Regards,

Aurelie OT
Linden Lab Support

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I still choose not to buy a premium membership at all, but that $10 US$ purchase would satisfy the Labs purchase requirement to sell L$ for US$.

What I will probably do is this:

1) wait till my Linden balance is large enough to warrant extraction. Besides, conditions and polcies might change to something more favorable for me int eh meantime.

2) Buy 6475 L$ for 25.30 US$ (the minimum), including $0.30 US$ transaction fee and the current exchange rate.

3) Wait 30 days for my ability to sell to kick in.

4) Sell 6475 L$ for 23.21 US$, including a fee of 3.5% and the current sell rate of 269 L/US . I'll take my other L out, too, that this time.

5) Transfer the US$ now on my Linden account to PayPal. Fee, each time this is done: $1.00. Fewer large transactions is cheaper than many small ones.

Total cost to activate Linden Dollar extraction: $3.09, or less then half a month of premium Second Life.