Exchange liberty reserve to paypal

@myl999 (2093)
India
January 15, 2013 10:53am CST
Anyone knows any trusted site through which liberty reserve money can be exchanged to paypal..or what is the best way to get liberty reserve money to our bank account...
1 person likes this
2 responses
@dreamhome (558)
• India
16 Jan 13
When it comes to LibertyReserve funds, the only way to get it transferred is by selling the funds. There is no way to get it withdrawn to our bank account directly as it is just an e-currency and not a payment processor. So you have to get it exchanged to some other payment processor or you can sell the LR. There can be local LR buyers who can pay you with your local currency or you can find a friend who can help you get it exchanged or sold.
@myl999 (2093)
• India
16 Jan 13
Thanks for responding..as for me till recently I was able to get my money from payza account to my bank account through bank wire and I was doing exchange to payza from liberty reserve before withdrawing from payza and it was all smooth but recently payza for some reasons stopped paying to members of my country not through any method and they also do only assure that they will soon take actions to restore the withdrawals but do not know when so need to try the other options available to withdraw money.so far I have not tried selling LR so a little worried.
• India
17 Jan 13
Yes, even in my country Payza has put a temporary hold on the direct withdrawal of funds to bank accounts. And so I have to exchange the Payza also to LR and then sell the LR funds for my local currency. Luckily, I have got a reliable buyer in my country to whom I usually sell my LR. Which country are you residing? If you are from India, I can help you with the buyer's name.
@yallit (3677)
• Philippines
15 Jan 13
So far, AlertExchanger is the only site I know that has been approved to do currency exchange with Paypal. And they're only allowed even to do an exchange from other e-currencies to Paypal and not the other way around.
@myl999 (2093)
• India
16 Jan 13
Yes I know about alert exchanger and tried to use them once but that did not worked out as I got no response from them so do not think I will be using them again.But while researching I got a site which is automatic like the site is auto-exchanger.com which seems good and well..but here too trust problem is there.I am trying to find a way to transfer my money in LR to paypal so it can be transferred to my bank account...thanks for sharing.
@yallit (3677)
• Philippines
16 Jan 13
Just be reminded that Paypal has a strict rule in terms of e-currency exchange. Basically, they don't allow it unless you are doing it with a site they have authorized to do such transactions. If they get wind of an exchange from non-authorized sites, you may have your account suspended. I have used AlertExchanger twice and have no issues. Although I must say that their support isn't very responsive. You're probably left with finding someone in your country who will buy your LR funds from you and deposit directly to your bank account.