Inara Pey: Living in a Modemworld
There have been a series of announcements from the the Lab – formal and informal – that I’m catching up on.
Linden Dollar “Buy” Fee Change
The biggest – and the one formal announcement – is the notice that Linden Dollar “buy” fees are changing as from Thursday, April 22nd, 2021.
Currently, a flat fee of US $.149 is applied to all Linden Dollar purchases. From April 22nd this will be changing. As of that date:
- A new 7.5% buy fee will be applied, based on the total value of the transaction purchase amount, up to a maximum of US $9.99 per purchase transaction.
- The US $1.49 will become the minimum fee charged per purchase transaction.
- You purchase US $15 of Linden Dollars – 7.5% of 15 is $1.10 and less than US $1.49 – so the fee charged is US $1.49.
- You purchase US $30…
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