PayPal and Credit Card payments: Difference between revisions
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'''CasperVend''' and '''CasperLet''' now both support payments in real world currency! Via our payment partner VirWox, a virtual world exchange, you can now offer your users much more freedom with their payment choice. We've been working closely in partnership with VirWox in order to provide the smoothest possible experience, and to ensure that it's quick, easy and secure for your customers. | '''CasperVend''' and '''CasperLet''' now both support payments in real world currency! Via our payment partner VirWox, a virtual world exchange, you can now offer your users much more freedom with their payment choice. We've been working closely in partnership with VirWox in order to provide the smoothest possible experience, and to ensure that it's quick, easy and secure for your customers. | ||
== What's the | == '''<span style="color:#00528c">What's the Point?</span>''' == | ||
Sometimes, a user may want to purchase something without having enough L$ balance. This system provides them with a very quick, easy way of purchasing an item inworld using real world currency. | Sometimes, a user may want to purchase something without having enough L$ balance. This system provides them with a very quick, easy way of purchasing an item inworld using real world currency. | ||
This process is designed to make it easier for users to give you money! That can never be a bad thing, right? | This process is designed to make it easier for users to give you money! That can never be a bad thing, right? | ||
==How does | == '''<span style="color:#00528c">How does It Work?</span>''' == | ||
# The user touches your unit (be it a vendor or a rental unit). | # The user touches your unit (be it a vendor or a rental unit). | ||
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# The product is delivered (or rental is extended). | # The product is delivered (or rental is extended). | ||
==Do I | == '''<span style="color:#00528c">Do I Need a PayPal Account Or a Merchant Bank Account?</span>''' == | ||
No. The money will arrive as Linden Dollars to your second life avatar, as normal. | No. The money will arrive as Linden Dollars to your second life avatar, as normal. | ||
==Is | == '''<span style="color:#00528c">Is There Any Fee or Charge?</span>''' == | ||
You pay nothing. The customer will pay a small surcharge depending on what payment method they use. | You pay nothing. The customer will pay a small surcharge depending on what payment method they use. | ||
==It | == '''<span style="color:#00528c">It Seems Expensive...</span>''' == | ||
PayPal and credit card companies often levy a minimum "per transaction" fee, and the VirWox exchange reflects this. It's often very expensive to buy low priced items (e.g L$20) this way - the more linden dollars being exchanged, the better deal they'll get. Buying an expensive item this way is often cheaper than using PayPal or Credit Cards on the SL Marketplace. | PayPal and credit card companies often levy a minimum "per transaction" fee, and the VirWox exchange reflects this. It's often very expensive to buy low priced items (e.g L$20) this way - the more linden dollars being exchanged, the better deal they'll get. Buying an expensive item this way is often cheaper than using PayPal or Credit Cards on the SL Marketplace. | ||
==What | == '''<span style="color:#00528c">What Is The Exchange Rate?</span>''' == | ||
It varies. We use VirWox to perform the currency exchange, so the exchange rate will depend on the current selling price of L$ on the VirWox exchange. | It varies. We use VirWox to perform the currency exchange, so the exchange rate will depend on the current selling price of L$ on the VirWox exchange. | ||
==Can I | == '''<span style="color:#00528c">Can I Disable This?</span>''' == | ||
Yes. | Yes. | ||
On CasperVend, you can disable the option under the Overview section. | On CasperVend, you can disable the option under the Overview section. | ||
On CasperLet, you can disable the option under unit configuration. | On CasperLet, you can disable the option under unit configuration. | ||
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Revision as of 06:25, 30 June 2013
CasperVend and CasperLet now both support payments in real world currency! Via our payment partner VirWox, a virtual world exchange, you can now offer your users much more freedom with their payment choice. We've been working closely in partnership with VirWox in order to provide the smoothest possible experience, and to ensure that it's quick, easy and secure for your customers.
What's the Point?
Sometimes, a user may want to purchase something without having enough L$ balance. This system provides them with a very quick, easy way of purchasing an item inworld using real world currency.
This process is designed to make it easier for users to give you money! That can never be a bad thing, right?
How does It Work?
- The user touches your unit (be it a vendor or a rental unit).
- They click "Buy" on CasperVend, or "Pay" on CasperLet.
- They are presented with payment choices - PayPal, Credit Card or L$. They choose one.
- They are sent to a website, operated by VirWox, where they complete their payment.
- When VirWox notifies us that the payment completed, the money (in L$) is sent to your Second Life avatar..
- The product is delivered (or rental is extended).
Do I Need a PayPal Account Or a Merchant Bank Account?
No. The money will arrive as Linden Dollars to your second life avatar, as normal.
Is There Any Fee or Charge?
You pay nothing. The customer will pay a small surcharge depending on what payment method they use.
It Seems Expensive...
PayPal and credit card companies often levy a minimum "per transaction" fee, and the VirWox exchange reflects this. It's often very expensive to buy low priced items (e.g L$20) this way - the more linden dollars being exchanged, the better deal they'll get. Buying an expensive item this way is often cheaper than using PayPal or Credit Cards on the SL Marketplace.
What Is The Exchange Rate?
It varies. We use VirWox to perform the currency exchange, so the exchange rate will depend on the current selling price of L$ on the VirWox exchange.
Can I Disable This?
Yes. On CasperVend, you can disable the option under the Overview section. On CasperLet, you can disable the option under unit configuration.