How does Liberty Reserve work?

@Cutie18f (9551)
Philippines
September 20, 2012 7:11pm CST
I am only using Paypal as payment processor and right now one site is suggesting that its members open an account with Liberty Reserve in order to get paid. Is LR working in all countries? Is it legit? How does it work?
3 responses
@varier (5685)
• Indonesia
21 Sep 12
Of course it's legit. They've been on this business since 2002 though It works kinda similar with Paypal, it just you can't directly fund/withdraw your balance from/into your bank account. You need to buy/sell it from trusted exchangers. In fact, I prefer Liberty Reserve than Paypal, mostly because there is less fees generally
@Cutie18f (9551)
• Philippines
21 Sep 12
Oh. I think selling it to exchangers will make it hard, isn't it?
@varier (5685)
• Indonesia
21 Sep 12
Not really. It only takes about 10 minutes It all thanks to internet banking, so buying/selling things, including LR balance, can be done quickly
@Yasya08 (213)
• Israel
22 Sep 12
e-forexgold.com is a good exchanger for Liberty Reserve
@thenight (65)
• Indonesia
22 Sep 12
liberty reserve working as our online wallet and it's legit. I'm making a few hundreds $ using liberty reserve until now. All you need is to find a method to generate some money through liberty reserve.
@Cutie18f (9551)
• Philippines
22 Sep 12
Really? That sounds interesting. I need to know more about it though.
• India
23 Sep 12
Hi thenight, do you earn directly from liberty reserve or use it for cashing out in your country?
28 Sep 12
Yeah i prefer libertyreserve payment than paypal