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).
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.
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 Global Digital Currencies Association.
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 Global Digital Currencies Association.
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.
Wallet
Liberty Reserve's wallet is a handy feature that allows you to access only the portion of funds that you have placed in your LR wallet quickly and easily, bypassing the regular, enhanced login security features of your main account.
You do not have to activate or use the wallet if you do not want to. But if you choose to use it, it is a way to save time when logging in, and to make payments very quickly, accessing only a small portion of your total LR holding, just like going to a bank ATM, withdrawing a small portion of your account balance, and keeping the cash in your pocket.
This less secure, though quicker, way of logging in to your separate wallet sub-account is recommended only for small payments, and keeping small balances in the wallet. Do not transfer a large portion of your main account to your wallet.
Settings
To enable or disable the wallet sub-account feature, log into your main Liberty Reserve account and click on "My Wallet." Once there, you can see your wallet balance and have the option to enable or disable your wallet sub-account, and to add or remove funds from your wallet.
Refill
To fill or refill your wallet, the wallet sub-account has to be enabled. While logged in to your MAIN Liberty Reserve account, access the "My Wallet" link, and click on "Add funds." By doing this, you will be given the option to move funds from your main account to the wallet sub-account. You cannot add funds to your wallet account unless you are logged in to your main account.
Discharge
To discharge or remove funds from your wallet back to your main Liberty Reserve account simply access the "My Wallet" link, and click on "Remove Funds." By doing this, you will be given the option to move funds from your wallet sub-account back to your main Liberty Reserve account.
Logging In
Logging in to your wallet is easy. All you need is your account number and Login PIN. You do not need your Password or Security PIN. Once you are logged in, you will see your wallet balance and a funds transfer screen. You cannot access any of your main Liberty Reserve account features and balances from this sub-account.
Transfer
When logged in to your wallet, you can transfer funds quickly and easily up to the balance that is available in your wallet. You do not need your Security PIN since this is a less secure interface for low balances and quick payments.
If someone sends you a payment to your Liberty Reserve account, that payment goes to your main account, not your wallet. You cannot receive payments into your wallet. You can only send payments. To replenish your wallet, you would need to log into your main account, and refill the wallet from there.
