Comparison PP and LR

Discussion in 'Payment Processing' started by dmardani, Apr 29, 2011.

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  1. #1
    Two great e-currency today is PayPal and Liberty Reserve has advantages and disadvantages of each.

    Registration and verification
    Registration at liberty reserve more easily than PayPal, PayPal to verify the user in a formal document required documents will be verified by PayPal before it is approved.

    Convenience and security
    Log in the PayPal more simple than the log on the liberty reserve because enough entry email and password, while logged in liberty reserve account required id, password, pin, and the master key (not to mention if we change the IP address verification is required to be sent by email.) Security is usually inversely proportional to convenience. One thing that has been the scourge of PayPal user is a user limitation so it must be this committee.
    One advantage that is not owned PayPal liberty reserve is refundable function that will protect buyers from fraud.

    Rate and exchange
    Both are relatively the same purchasing price.

    Fee
    Liberty reserve transaction fee is relatively cheaper than PayPal. if you send / receive money for free personal use, especially if the value is above 100 dollars)

    So at select which one?
     
    dmardani, Apr 29, 2011 IP
  2. aldix

    aldix Peon

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    #2
    i which paypal.
    - because paypal can use dispute transaction, for get back your money if you get scam.
    - much people and website use paypal for the payment proccessor.

    but i make both for prepare, if other people want the payment use one of them.
     
    aldix, May 1, 2011 IP
  3. Card

    Card Well-Known Member

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    #3
    Paypal is better and reliable than Liberty Reserve.As in Liberty Reserve you cannot withdarw your funds to bank account and in Paypal youc na withdraw your funds to your bank account :D
     
    Card, May 3, 2011 IP
  4. aldix

    aldix Peon

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    #4
    i agree,
    in LR can't withdraw your funds to your bank account.
    if you need withdraw your funds to your bank account in LR, you must use service withdraw from other company/third-party services for withdraw your funds, very inconvenient =p.
    so use paypal for first payment in internet.

    i hope my post is helpfull.
     
    aldix, May 4, 2011 IP
  5. g36

    g36 Peon

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    #5
    The only disadvantage of Liberty Reserve is people need to exchange the money first. Other than that, it's actually better than PayPal.
     
    g36, May 8, 2011 IP
  6. LawNorder

    LawNorder Peon

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    #6
    well they both have advantage + Disadvantage but i know some exchanger who do exchange viceversa. Paypal to libertyreserve and libertyreserve to paypal


    Paychange.in do such type of direction
     
    LawNorder, May 8, 2011 IP
  7. lifeplayer

    lifeplayer Notable Member

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    #7
    still, paypal is better for me
    just because most of the people are using paypal and paypal being accepted by most of the website
     
    lifeplayer, May 11, 2011 IP
  8. gamingmaster42

    gamingmaster42 Well-Known Member

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    #8
    I mostly use paypal, LR does have less fees but it also doesn't have a feature that you can send payment to many people at once i don't think
     
    gamingmaster42, May 15, 2011 IP
  9. bnathan

    bnathan Peon

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    #9
    Well, Paypal is used by millions, and provide great a**coverage :) to both buyers and sellers (though buyers more). You can dispute transactions, transfer moeny between PP and bank account or credit card easily, get PP debit card after 60 days - everything's easy. Liberty Reserve is for people who want more security and privacy - once you send money with LR, you can't get them back. Perfect for shady transactions! Too bad you can't transfer money between Paypal and Liberty Reserve - you risk losing your PP account if you use any exchange service...
     
    bnathan, May 15, 2011 IP