Did anyone know liberty reserve payment processor?
By surfer222
@surfer222 (1714)
Indonesia
August 19, 2011 12:08am CST
We all know what paypal, alertpay and moneybooker is, but i just heard from my friend that there's a payment processor that commonly used in forex which is liberty reserve (LR). Did anyone can tell me their experience with this payment processor? why in the web there's a report aboutHYIP scam with the same name? are they related?
is there any difference between LR with other payment processor?
1 person likes this
8 responses
@warrior007 (570)
• India
19 Aug 11
liberty reserve is a good payment processor,but you can only use it for shopping and online payments,you can't withdraw funds from it to your bank account,mainly i use it to recieve small payments which are in cents..!
@surfer222 (1714)
• Indonesia
19 Aug 11
i actually found one local website that provide service to convert LR into my local bank and many local forum users said that the website is trustworthy.
@Yasya08 (213)
• Israel
29 Aug 11
You can withdraw from Liberty Reserve to your bank account, what's the problem? so many exchangers around, just make the right choice, do your due diligence and find the most convenient for you and your country. I exchange with e-forexgold.com
@surfer222 (1714)
• Indonesia
30 Aug 11
Thanks for commenting Yasya...
i haven't use LR yet, still learning about forex, maybe later after i understand forex better i'll use LR.
@surfer222 (1714)
• Indonesia
30 Sep 11
did you ever lost your money using their service? because Liberty Reserve is just like Paypal, it's a payment processor, however some site using similar name that contains "Liberty Reserve" word in their url... at first i was confuse with what Liberty Reserve is....
@nakula2009 (2325)
• Indonesia
19 Aug 11
Hi surfer,
Okay, you need not worry, I've been using LR since from 2008, and I never had a problem at all. LR is the most popular in Indonesia after we lost e-gold. You do not equalize between the LR and Paypal, because you can not pull your money in the LR directly into your account. But as far as I experienced, LR is more practical and faster in the process. You can receive money in just a few minutes into your bank account.
In terms of exchange LR, you can see the link below:
http://www.libertyreserve.com/en/exchangers
There are many formal LR exchanger and a direct referral from LR sites. You just choose according to your country. These are all 100% reliable.
Aha, you're Indonesian, I always make the exchange to tukarduid.com
and several times to tacoAuthorized.com
Okay, final word, do not be worry to use, for 3 years I've been using LR, 9-10 times the transaction within a month, hundreds of dollars in a month. I can show proof if you do not believe it.
Good luck
@surfer222 (1714)
• Indonesia
19 Aug 11
thanks for the infos...
i'm still learning about forex so i think i won't create account in LR for a while, i'm just asking people experience with this payment processor. At first i confuse about this payment processor because there's many scam HYIP that use similar name with LR, but i think one of the commenter explain it to me that those scam site has no relation with LR payment processor. It confuse me because LR is new to me, unlike paypal, if someone use domain such as paypalinvest.com i will not fall into their trap, but because LR is less known, someone who created a domain with similar name will fall into this trap.
@umabharti (3972)
• India
19 Aug 11
yes i had it and it asks me to login and verify my logn details .I never was that much with the payment processor as paypal and alertpay are doing everything.
@fajarsetiawan (303)
• Indonesia
20 Aug 11
I know Liberty Reserve payment processor a few months ago. Liberty Reserve is widely used for trading in forex. but to this day, I have not created an account liberty reserve. I just made ??a paypal account and alertpay. maybe tomorrow if I wanted to learn to trade I would make liberty.
@santhuqr (107)
• India
19 Aug 11
There is nothing wrong with Liberty Reserve(LR). It is just that its ways are a bit more complicated than that of Paypal.
We all know that Paypal is the most liked way to pay and get paid, this has a ease of transactions and also transfers. But Liberty reserve is like linked to forex as for, but excluding that platform all the others support Paypal.
Stick to Paypal its Best.
@hems12331 (2)
•
19 Aug 11
Hai...Ihave heard of that...but it seems that it is not widely used and its level of efficacy is not much known.....
