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Should I trust liberty reserve as my payment processor

Discussion in 'Making Money' started by chrisis4ever, Feb 22, 2011.

  1. chrisis4ever

    chrisis4ever Regular Member

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    I want to sell stuff that most processors won't allow. How hard is it to cash out? Does it take a long time?
     
  2. bugsyy

    bugsyy Regular Member

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    I have been using LR for a long time now, its fast and secure. You can trust them.
    Its not hard to withdraw your money, But you will have to use exchange service to send your money as wire to your bank account or money order like western union or moneygram. Also you can exchange LR to paypal, moneybooker or any online currencies system but as I said only though exchange services.

    Make sure you use legit exchange services with good feedback, Alot of scammers over the web.

    Regards
     
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  3. chockfactor

    chockfactor Jr. VIP Jr. VIP Premium Member

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    Can you recommend some good exchange service sites?
     
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  4. bugsyy

    bugsyy Regular Member

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    I've been using only one so far, good and legit. www.wm-center.com
    Enjoy :)
     
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  5. GreenGoblin

    GreenGoblin BANNED BANNED

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    I agree, I used LR for a while now also, they never messed up my money..of course i have a merchant account , but LR is on deck for emergency.
     
  6. marketstud

    marketstud Junior Member

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    I would like to find more alternatives to paypal. I'm getting really tired of their stuff! :(
     
  7. portalweb

    portalweb Supreme Member Premium Member

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    Thanks. I have several hundreds dollars sitting in LR account for a long time due to the lack of exchange services I need to transfer my LR funds to Paypal.
     
  8. bhdave.c

    bhdave.c Newbie

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    In my opinion, you can only use LR if your products have a huge profit margin.
     
  9. wholesalereplica

    wholesalereplica BANNED BANNED

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    anyone help a noob here please

    Just looked at Liberty Reserves website and need some info

    can this be used instead of a merchant account? or is it really for payments between people who know each other?

    there site is not very clear
     
  10. shaddelick

    shaddelick Regular Member

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    Are you sure its a good idea to transfer it to paypal?

    I have the same exact problem with there site
     
    Last edited: Feb 23, 2011
  11. bugsyy

    bugsyy Regular Member

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    If you plan to use it instead of merchant account, you will need someone to do the job its not easy but yes It can be done .. I saw a couple of websites using as merchant.

    Basically, LR is anonymous currency service like webmoney and e-gold. For who want to pay thousands of $$ without personal info verification.

    Regards
     
    Last edited: Feb 23, 2011
  12. aldragon

    aldragon Power Member

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    Liberty Reserve is the way to go specially if you have an offshore company in for example cyprus. Problem is the exchangers of the currency take a ball out of you so you end up with ~ 5-10 % less if dealing big amounts
     
  13. simplyblue

    simplyblue Junior Member

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    LR is trustable, no problems as of yet. We all need to stop being so dam dependent on paypal.
     
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  14. bugsyy

    bugsyy Regular Member

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    Well, if your dealing big with thousands of $ . You will find exchangers for less than 5% ;)
     
  15. social engineer

    social engineer Regular Member

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    the hackers favourite!


    with a site like goldnow.st you can get an anonymous debit card and transfer draw out cash with that
     
  16. Bartholomew

    Bartholomew Regular Member

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    Webmoney is not anonymous. They can requite you to get "personal certificate" (ie ask you for your notarized ID) any time. Any certificate less than personal means you could get banned any time if they have the slightest suspiction about any of your transactions.
     
  17. bugsyy

    bugsyy Regular Member

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    This only happen when you deal with big amounts 5000$+ and they require copy of passport, I've used webmoney for 5 years and never asked for any information.
     
  18. portalweb

    portalweb Supreme Member Premium Member

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    www.wm-center.com works very well. 24 hours turnaround to transfer over $400 LR balance to my Paypal yesterday without any problems.

    The only grip I see is the 7% transaction fee wm-center charged for the LR -> Paypal transfer services. Other than that, I'm pleased with wm-center services.
     
  19. Planner

    Planner Newbie

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    Oh fckus! Posted in the wrong thread. Bloody tabs.
     
    Last edited: Sep 12, 2011
  20. unknown_ghost

    unknown_ghost Newbie

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    Anyone here can recommend any paypal to liberty reserve exchangers that are legit, with no hold time(instant), and won't low-ball you with extremely high fees...I would be interested to know. Thanks!!!