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From 26 May 2020, when you make a US dollar payment or add a new payment method in Second Life, your transaction will be managed through Tilia Inc.
This change is necessary to comply with the financial regulations.
It is important to bear in mind that this change only concerns US dollar transactions developed in Second Life.
Tilia Pay is a product of Tilia Inc., which is a subsidiary wholly owned by Linden Lab.
Tilia Inc. is a licensed money transmitter in all the States and territories of the United States that regulate this activity.
It was created to provide safe and compliant solutions for powering virtual economies, including Second Life.
For those using Second Life, it is necessary to allow Tilia’s privacy information when payment is made through one of the permitted payment methods such as PayPal, Skrill, or credit card.
No further information is required and no commissions will be required.
It is essential to bear in mind that this change only concerns transactions in dollars, while no change is planned for operations in Lindens within the virtual world or on the Marketplace.
To get more information on Tilia Inc. and Tilia Pay, you need to visit their website. You can besides ask questions or put comments on Tilia Pay and Second Life in the Community Forum.
This article is merely informative and I am not be able to answer to your specific questions. You can find all useful reference at the end of this post.
References
- Tilia Pay to Power USD Transactions in Second Life Beginning May 26 – Second Life Community
- Tilia Inc.
- Linden Lab
- Tilia Pay (new website)
- Tilia ToS
- Tilia Privacy Policy
- Tilia Community Forums.
