What is Liberty Reserve
Liberty Reserve is an account-based payment system where you can store value in U.S. dollars and transfer payments to others and receive payments from others. It is safe, reliable and confidential. Payments are irrevocable (meaning they cannot be reversed). Liberty Reserve is instant, real-time currency for international commerce. In just minutes, you can send and receive payments from anyone, anywhere on the globe!
Concepts
Account
It all starts with your
account. This is where you see your balance, history of transactions,
security features, private messaging, and all other features of the
website. Access to your account requires the full spectrum of login and
security details to be entered.
Wallet
The wallet allows you to
quickly access a dedicated portion of your funds in Liberty Reserve
using a faster login procedure if you wish to pay someone quickly. It
is recommended that you keep only a small amount of value in your
wallet because the security procedures necessary to access your wallet
are less than the security procedures to access your full account. In
order to transfer funds from your account to your wallet, you will
need to login to your account, and do it from there. You are not
required to initialize a wallet, and are free to make payments from
your account without using the wallet. This is an optional feature for
your convenience.
Once you have funds in your wallet, paying someone is very easy and quick, with a faster login process.
e-Currency
E-currency, or digital
currency, is a stored value and payment system, usually account-based,
that allows users to store funds (such as Euro, USD, Yen, etc., and
metals such as gold, silver, etc., or anything else of value for that
matter). The main feature of a digital currency is that spends
(payments) are irrevocable, unlike bank payments (wires, checks), and
other systems that have similar features (online payments) but can
easily reverse payments, such as PayPal.
Digital currencies evolved as a
need for merchants to have an alternative to credit cards due to the
high cost of accepting credit cards (credit card % fees and fraud).
Merchants using digital currencies get paid, and stay paid, lowering
their costs of operation, eliminating fraud, and pass on the savings to
their customers.
Balances
A balance is the total amount
of funds or value that you have in your Liberty Reserve account. It is
displayed on most pages within your account for your convenience.
Security
One of the most important
features of Liberty Reserve is the security of your account.
Passwords, PIN's, stop account feature, and anti-keylogger (trojan)
login system are just a few of the security precautions that Liberty
Reserve has added to keep your value safe and secure within your
account.
Nothing works better, however,
than your own due diligence when it comes to security. Always use an
anti-virus for safe computing.
Working with Liberty Reserve site
Account registration
Creating an account is easy
at Liberty Reserve. Simply enter your details, such as your name,
account title, and address, etc., and you will have a
full-functioning, free Liberty Reserve account in minutes. Remember to
write down all the information for future reference such as your
Security Code, passwords, account number, etc.
Logging in
Once you create a Liberty
Reserve account, you may access your account by logging in with your
account number, password, and login PIN in order to access the value
in your account and make payments, check history, use the internal
messaging system, etc.
Profile settings
Once you are logged into
your account at Liberty Reserve, you can click on "profile" and change
your account name, password, and other features, such as email
notifications.
Transfer
This feature allows you to send funds (make payments) to any other Liberty Reserve account instantly.
Withdraw
You can withdraw (redeem)
value from your Liberty Reserve account by using any number of
independent exchange providers listed on the Liberty Reserve website. Usually, exchange providers will have an account number starting with the letter, "x".
Exchange providers are not
affiliated with Liberty Reserve and your dealings with them are at
your own risk. We recommend that you only use exchange providers that
are members of the www.ebuygold.com.
Deposit
You can deposit funds or
value to your Liberty Reserve account by using any number of
independent exchange providers listed on the Liberty Reserve website. Usually, exchange providers will have an account number starting with the letter, "x".
Exchange providers are not
affiliated with Liberty Reserve and your dealings with them are at
your own risk. We recommend that you only use exchange providers that
are members of the www.ebuygold.com.
Internal messaging
Once you are logged into
your Liberty Reserve account, you can send private messages to anyone
else with a Liberty Reserve account. All you need to know is their
account number. You can also check your message inbox to see if you
received any messages, and you can save messages. This is a private,
internal messaging system developed exclusively for Liberty Reserve
account holders.
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