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Wednesday, 22 August 2012

Funding and Withdrawing From Liberty Reserve

Liberty Reserve for those who don't know is an e-currency payment processor, it is one among many payment processors, others include PayPal, Payza, EGopay, and SolidTrustPay etc.
These payment processors are what aids online transactions, in the sense that they are used to make payments for goods and services and also serves as our online bank account in cases where you get paid for any online business. In many countries people mostly make use of liberty reserve due to the fact that it supports all countries and getting an account is free and doesn't require any upgrades/verifications unlike others particularly Paypal which doesn't support any african countries but mostly European countries.
Now depending on the type of program you venture into this might be a great help you. So on this post i'll be sharing some useful information that'll help you better mange your l.r account.

For guide on how to open an L.R account please click here.
HOW TO FUND YOUR L.R ACCOUNT
Making use of liberty reserve for online business may sometimes require you to fund your account especially if you're making payment or purchasing goods/services. Som since you cannot fund your account directly from your payment processor so to do this you will need to transact with an E-currency Exchanger. 
E-currency exchangers are business services offered by either a company or a financial institution where members/customers are allowed to exchange one currency for another currency, in other words they provide you the chance buy or sell e-currencies, and since we're on the funding part you'll be buying. Every e-currency exchanger has its exchange rates so whichever one you choose you'll be required to fill out an order form where you'll specify the amount of dollars or euros you wish to buy then other details like your full name, resident address, email address and account details.
  • After which you will be given a bank account details where you'll deposit the equivalent amount of the dollars or euros ordered. 
  • You'll be sent a confirmation email to let you know they have received your order and are awaiting your payment, you'll also be be given a notification info, that is a way you can notify them once you've made the payment.
  • Immediately after you have paid into their account you can notify them through the means they provided, can be a link to another form where you'llfill out the detailsof your payment like your teller number, amount paid and the amount requested and the L.R account name and number you want them to send the funds to.
Depending on the situation of things funding your account may take between 5minutes to 24hours.
Below is a list of top genuine exchangers you can use.
-Nigeriagoldexchange
-Goldnigeria (for now they only exchange L.R)
-Naira4dollar
-E-naira
The above sites are highly reputable e-currency exchangers and greatly recommended because i myself have tried them out.  
HOW TO WITHDRAW FROM YOUR L.R ACCOUNT
When you have made some money into your liberty account and wish to withdraw it you will also have to transact with e-currency exchanger.
  • In this case you will be selling your funds , just vist your e-currency exchanger and click on the sell button under/near the the liberty reserve banner, you will be given a form to fill out some details like your full name, resident address, email address and bank account details, then the amount you wish to exchange/sell.
  • After you're done with the form you'll be given a liberty reserve account number and name where you will transfer the funds into, this L.R account is theirs if that's what you're wondering. 
  • After the transfer then you wait for your banks credit alert message.
ENJOY WORKING ONLINE

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