Support Info: External PED Purchases

[Xander Catman]

Originally Posted by NightwolfAA2k5

Looks like Marco's wielding the Banhammer

- Nightwolf

I bet its the UL version too!!

[Max Proteon]

Originally Posted by AlphaGeek

Wow, the banhammer. Then perhaps MA should work harder to get the ATM (you know, the one that they are STILL advertising, but hasn't worked in what.. over a year??) card working?

lol...ya right

[-Herb-]

I would guess that many people wanting to withdraw are going to do it 3rd party.. Cash Cards have been already mentionted (what the hell is the tutorial about them still doing on the main website, saying how they are already released), and of course losing about 50% of the money to bank and MA fees, and general hassle of no-one knowing how to actually withdraw. Maybe it's just me.

[Konve]

Originally Posted by Sunab Naverith

Mmhm, sounds just like Blizzard. Legit means or not, bypassing the internal taxes of MA will cause you to get banninated! Rawr!

It doesn't say that..

Originally Posted by e-lite

....Unless you're a virtual bank owner or high roller, then it is okay.... Or is that changed also? Just wondering since a well known high roller still offers ped exchange rate against "other RCE currency".


EDIT: Reviewing the above "mentioned" bank owners website again proves my info might be outdated. Couldnt find the exchange rate table any longer.

Doesn't matter really, because it doesn't say no one is allowed to do it. If a high roller turned out to having dealt with credit card fraud I bet you five PED they would take the same measures against them as they would against any common guy.

Edit:

Originally Posted by AlphaGeek

Wow, the banhammer. Then perhaps MA should work harder to get the ATM (you know, the one that they are STILL advertising, but hasn't worked in what.. over a year??) card working?

Yep, I think it's a bit sad they are advertising Entropia using terms like the cash cards when they haven't been functional for a very long time. It's like saying we have an ingame stock exchange and functional democracy through vote terminals (which we don't, at least not anylonger).

(Btw the vote terminals were never democracy as your amount of "votes" was based on, I think, your PED balance or related number.)

[Tussi]

Originally Posted by Thaddeuss

Well if u look at it this way...


If u deposit 5000 peds u get a free gold card which is basically the same cost as all of those depositing fees up to 5000 ped

BTW: Did anyone take the free goldcard deal and then TT then virtual item for 200 PED?

Originally Posted by Konve

It doesn't say that..

No, it's just spreading FUD.

Yep, I think it's a bit sad they are advertising Entropia using terms like the cash cards when they haven't been functional for a very long time.

Not just a bit.
Lucky them that they are governed by swedish law and not german, because here it would qualify for more than just sad.

Tussi

[thoreau]

Shouldn't a real cash economy support the buying and selling of currency?

I mean I can sell yuan and buy euros. I can sell pounds and buy yen. Why can't I sell peds and buy dollars?

I'm sure it is about security - but I wonder if MA is a bit worried as to the 'market' value of the PED when compared to the fixed value.

[Tseng]

Originally Posted by Sunab Naverith

Mmhm, sounds just like Blizzard. Legit means or not, bypassing the internal taxes of MA will cause you to get banninated! Rawr!

Well actually, they haven't said that PED purchase/sales are forbidden. They actually say, that they don't suggest it.

What they said is: PED sales/purchases are at your own risk. If you buy PEDs and the seller is involved into fraud, you'll can bet that you'll be banned too.

Originally Posted by Acronoid

I think bank owners should be allowed if you see how much a virtual bank costed. Also the fact to have 100k ped ingame at all times a big security not to scam as a bank owner.
But that said, I have used bank transfer last depo (ukash down), and seeing the minimal costs 0.1%, I'm gonna do fewer depo's but bigger ones with bank transfer (minimum 100$, if you ask why)

No. They shall follow the same rules as everyone else. I don't see why it would be ok for bankowners to do this without the consquences of a ban in case of fraudment but not for normal players. Same right for everyone.

Unless...
MindArk introduce a ingame feature and/or outworld interface to support this through the ingame banking system and not by player-2-player trades.

Second Life is here, once again, 2 steps ahead of MindArk. They already have a working system to allow players to offer such exchange services and run their own exchanges (independed of the official LindEx exchange). All the people have to do is to do all transactions through the "Risk API" offered by LidenLabs. What it does is basicly checking if the user has enough creditibility to withdraw or deposit this amount of money. So new registered accounts, get lmits as low as 10$/day on deposit/withdraws. The longer the account is and the more you deposit the amount increase to a certain point and stops then. If you want the limits to be increased you need to concat LL directly.

Failing to use the Risk API, same thing as MA does can happen: If fraud is involved your either risk 150% of the money invovled to be taken away or permanent ban.

Originally Posted by thoreau

Shouldn't a real cash economy support the buying and selling of currency?

I mean I can sell yuan and buy euros. I can sell pounds and buy yen. Why can't I sell peds and buy dollars?

I'm sure it is about security - but I wonder if MA is a bit worried as to the 'market' value of the PED when compared to the fixed value.

As mentioned above, MindArk failed to react in time imho. Second Life already has a good working system, which greatly increased the exchanges and added certain level of new deposit and withdraw posibilities which arent officially supported by the LindEx/LL.

And of of the very important things is, many of the functions and ingame scripts/objects are directly accessible from the internet, which allows you to automate certain tasks, basicly making them instant. You don't relay on someone to come online and give you the money.

[Moonbiter]

Originally Posted by AlphaGeek

Wow, the banhammer. Then perhaps MA should work harder to get the ATM (you know, the one that they are STILL advertising, but hasn't worked in what.. over a year??) card working?

Exactly. Deal with the cause, not the symptoms. Why would anyone want to sell peds outside the game if the card was working...

[Luu]

Originally Posted by Tussi

BTW: Did anyone take the free goldcard deal and then TT then virtual item for 200 PED?

A friend of mine tried and it didn't work

[Vedder]

Originally Posted by Sunab Naverith

Mmhm, sounds just like Blizzard. Legit means or not, bypassing the internal taxes of MA will cause you to get banninated! Rawr!

MA doesn't tax withdrawals or deposits.

Originally Posted by -Herb-

I would guess that many people wanting to withdraw are going to do it 3rd party.. Cash Cards have been already mentionted (what the hell is the tutorial about them still doing on the main website, saying how they are already released), and of course losing about 50% of the money to bank and MA fees, and general hassle of no-one knowing how to actually withdraw. Maybe it's just me.

50%

You're doing something wrong.

Originally Posted by Tseng

Well actually, they haven't said that PED purchase/sales are forbidden. They actually say, that they don't suggest it.

What they said is: PED sales/purchases are at your own risk. If you buy PEDs and the seller is involved into fraud, you'll can bet that you'll be banned too.
...

Exactly.