Inara Pey: Living in a Modem World

via Linden Lab

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.

Examples:

  • 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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