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Liberty Reserve

Discussion in 'Payment Processing' started by muffet, Oct 21, 2012.

  1. #1
    Can U.S. residents open a Liberty Reserve business account? To make it easy to process payments from customers who have a Liberty Reserve account.
    muffet, Oct 21, 2012 IP
  2. wwpmmedianetgm

    wwpmmedianetgm Greenhorn

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    #2
    I had one in the past, but couldn't tolerate the high transaction fees, which is why I returned to PayPal. Check the fee schedule before signing up.
    wwpmmedianetgm, Oct 21, 2012 IP
  3. alex298

    alex298 Peon

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    #3
    Hello,

    Yes, Liberty Reserve has high transaction fees. So far I know Liberty Reserve is mainly using for some "high risk" money making websites which cannot use PayPal for payment processing.

    Best regards

    Alex
    alex298, Oct 21, 2012 IP
  4. atinga

    atinga Member

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    #4
    I instead turn to believe Liberty Reserve gateway has a very low transaction fees of $0.01 for every $1 received.
    atinga, Oct 22, 2012 IP
  5. muffet

    muffet Member

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    #5
    So I'm to believe Liberty Reserve's fee comparison chart is inaccurate? What were you charge for 'Optional Privacy Fee'?
    muffet, Oct 22, 2012 IP
  6. Zakirhossain

    Zakirhossain Member

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    #6
    Yea us people can make account
    Zakirhossain, Oct 24, 2012 IP
  7. dataclub

    dataclub Peon

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    #7
    Why dont you use Bitcoin, there is no transaction fee at all!
    dataclub, Oct 31, 2012 IP
  8. Jewtopia

    Jewtopia Active Member

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    #8
    Yes, LR fees are very low and if you do not choose to pay 75 cents for private payment, their are ridiculouly low :)
    Just choose an exchanger that will not charge you an arm and a leg. e-forexgold.com is a good one to check out.
    Jewtopia, Nov 2, 2012 IP
  9. dawnfanatics

    dawnfanatics Peon

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    #9
    yes, i personally had bad experiences with liberty reserve. most website which using liberty reserve as payment procsssor were not reliable ones.
    dawnfanatics, Nov 11, 2012 IP
  10. Pitu

    Pitu Active Member

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    #10

    your comments clearly states that u never use LR
    lr has worlds smallest fees

    if u transfer 300$ or 30000$ the fess would be 2.99$ fixed
    Pitu, Feb 24, 2013 IP
  11. truhlyachok

    truhlyachok Peon

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    #11
    Wow, where did you take that information? I know, that my question is quite belated and likely, rhetorical, but i just can't understand, isn't so the 1% for receiving is expensive? And 75 cents charge for privacy?
    truhlyachok, Feb 26, 2013 IP
  12. jimmyblog

    jimmyblog Banned

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    #12

    I think you are never use LR, the LR transaction fees very low, the fix fees just $2.99, compare with paypal too high
    jimmyblog, Mar 6, 2013 IP
  13. WebHostDog

    WebHostDog Active Member

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    #13
    Liberty Reserve is low fee per transaction and we are using it a lot for our hosting business.
    WebHostDog, Mar 7, 2013 IP
  14. cashx

    cashx Peon

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    #14
    Liberty Reserve you can only buy/sell it with a 3rd party exchanger, so even if the fees claim 2.99 for max, you're gonna be paying 1-5% to cash out your LR somewhere. The only way to avoid this is to become official LR exchanger with ecardone website, then you can cash large amounts out directly from LR.

    Anybody can have an account there but if you go above $10,000 per month in one account they will freeze it and ask for ID, so either pre verify all your ID and information first or keep making new accounts (which is allowed by LR per their FAQ on the site)

    Keep in mind LR is totally non transparent and not audited. They could disappear anyday with all the money which is why I'd rather use Bitcoin, which is decentralized. It's perfect for hosting companies. You can cash out the Bitcoins yourself using major exchange like mtgox, cavirtex.com or btc-e.com, or cash out locally using localbitcoins.com website to find a guy to give you cash in hand, or use a payment gateway like bitpay.com

    Bitpay they pay you out every day or every 1-3 days if you're outside USA.
    cashx, Mar 12, 2013 IP
  15. Ashley Miller

    Ashley Miller Banned

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    #15
    Liberty Reserve is one of the best payment processors in the world, without a doubt. Those people who said their transactions fees are high are ridiculous, the fees are 1% on transactions under $300, everything else is a $3 fixed fee. The only time you have to pay anything else is if you want a privacy transaction, which adds an additional 75 cents to the transaction fee.

    I love LR! :D
    Ashley Miller, Mar 13, 2013 IP
  16. Mohamed Elsharkawy

    Mohamed Elsharkawy Member

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    #16
    How can I charge my LR account as it is said that the feature of funding via credit cards in not enabled fr the new accounts?
    Mohamed Elsharkawy, Mar 15, 2013 IP
  17. truhlyachok

    truhlyachok Peon

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    #17
    This feature doesn't work yet. You must go to the exchangers list, which is located on the main page of LR and charge your account via them.
    truhlyachok, Mar 18, 2013 IP
  18. Mohamed Elsharkawy

    Mohamed Elsharkawy Member

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    #18
    Thank you very much, I have checked them.
    It seems they take a lot of commission.
    Mohamed Elsharkawy, Mar 18, 2013 IP
  19. emoneydoor

    emoneydoor Greenhorn

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    #19
    LR is one of the most popular payment processor for Forex Brokers and so many big e-commerce companies.
    AND IT'S FEES very normal even it's never exceed 2.99$ what ever was the transfer amount.
    emoneydoor, Apr 2, 2013 IP
  20. Magina™

    Magina™ Active Member

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    #20
    Yes, you can make an account in Liberty Reserve.
    Magina™, Apr 4, 2013 IP