{"id":5881,"date":"2020-05-25T05:57:23","date_gmt":"2020-05-25T10:57:23","guid":{"rendered":"http:\/\/blog.zoha-islands.com\/?p=5881"},"modified":"2020-05-25T05:57:23","modified_gmt":"2020-05-25T10:57:23","slug":"tilia-pay","status":"publish","type":"post","link":"https:\/\/zoha-islands.com\/blog\/tilia-pay\/","title":{"rendered":"Tilia Pay"},"content":{"rendered":"

Tilia Pay to Power USD Transactions in Second Life Beginning<\/span><\/h1>\n

May 26 <\/span><\/h1>\n

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Entry posted by Linden Lab \u00b7

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\"TiliaPayAnnouncementBlog.png\"<\/p>\n

To comply with financial regulations, we\u2019re making an important change to how US Dollar transactions are processed in Second Life. Beginning May 26, 2020, when you make a US Dollar payment or add a new payment method in Second Life, your transaction will be handled through Tilia Inc.<\/p>\n

What is Tilia Inc. and Tilia Pay?\u00a0\u00a0\u00a0 \"\"
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Tilia Pay is a product of Tilia Inc., a wholly-owned subsidiary of Linden Lab<\/a>. Tilia Inc. is a licensed money transmitter in all U.S. states and territories<\/a> that regulate such activity. Tilia was created to provide secure and compliant solutions for powering virtual economies including Second Life.\u00a0<\/p>\n

To learn more about Tilia Pay, visit its new website<\/a>.<\/p>\n

Why are we making this change?\u00a0<\/strong><\/em><\/p>\n

To stay compliant with regulations across a number of U.S. states, we are taking advantage of the additional safeguards built into Tilia Pay, leveraging the enhanced fraud and money laundering safeguards that Tilia Pay provides.<\/p>\n

Stored-value accounts (your USD wallet, payouts, balance credits, etc.)<\/em> are already handled by Tilia<\/a> and now it will also handle all other USD transactions (including those involving conversion to other national currencies).<\/em><\/p>\n

What does this change mean for you?<\/strong><\/em><\/p>\n

Because Tilia is the payment processor for Second Life, you will be consenting to the Tilia ToS<\/a> and Privacy Policy<\/a> when making a payment through one of your payment methods (such as a credit card, PayPal, or Skrill). This change does not require you to provide any additional information, nor will it result in any new fees.<\/p>\n

What about L$ transactions inworld?\u00a0<\/strong><\/em><\/p>\n

There is no change to L$ transactions conducted in the Viewer or in the Marketplace. This change only applies to transactions involving USD.<\/em><\/strong>\u00a0<\/p>\n

Are there any new fees associated with this change?<\/strong><\/em><\/p>\n

No new fees are associated with this change.<\/p>\n

How do I learn more about Tilia Inc. and Tilia Pay?<\/strong><\/em><\/p>\n

To learn more about Tilia Pay, visit its website<\/a>.<\/p>\n

How do I submit my questions or concerns about this change?<\/strong><\/em><\/p>\n

For feedback and questions about Tilia Pay and Second Life, please join the discussion in our Community Forums<\/a>.<\/p>\n

Have a great week from all of us at Zoha Islands and Fruit Islands.<\/p>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Tilia Pay to Power USD Transactions in Second Life Beginning May 26   Entry posted by Linden Lab \u00b7 Wednesday at 03:23 PM To comply with financial regulations, we\u2019re making an important change to how US Dollar transactions are processed in Second Life. Beginning May 26, 2020, when you make a US Dollar payment or … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":5905,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,3,4,5,6],"tags":[],"_links":{"self":[{"href":"https:\/\/zoha-islands.com\/blog\/wp-json\/wp\/v2\/posts\/5881"}],"collection":[{"href":"https:\/\/zoha-islands.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zoha-islands.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zoha-islands.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/zoha-islands.com\/blog\/wp-json\/wp\/v2\/comments?post=5881"}],"version-history":[{"count":0,"href":"https:\/\/zoha-islands.com\/blog\/wp-json\/wp\/v2\/posts\/5881\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zoha-islands.com\/blog\/wp-json\/wp\/v2\/media\/5905"}],"wp:attachment":[{"href":"https:\/\/zoha-islands.com\/blog\/wp-json\/wp\/v2\/media?parent=5881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zoha-islands.com\/blog\/wp-json\/wp\/v2\/categories?post=5881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zoha-islands.com\/blog\/wp-json\/wp\/v2\/tags?post=5881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}