It's Official: How to make money with Liberty Reserve

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Posted by Felix Okoli on Thursday October 20, 2011 at 16:48:4:

Liberty reserve is a popular means of transferring and holding money online. It is an e-currency that allows people to buy, sell or just send and receive money on the internet. It also allows you to hold money in a virtual account for later withdrawal. Once a person has a liberty reserve account, he can easily send and receive money virtually within the network.

Here are some features you should know about liberty reserve account
- It is really secure
- It is also prone to attacks by scammers
- You can't reverse payments unlike Paypal and Alertpay. So better send only to people you trust or know
- It has a lot of security

So how does one make money from Liberty reserve?
I have seen a couple of posts by people telling you to contribute to pyramid schemes and investments like that of Madoff but you don't need to do that. Here are a couple of great options for making real money with a Liberty reserve account

Options to make money with Liberty reserve
Selling online
Accepting donations
Exchanging e-currency

Selling online
This simply means using Liberty reserve as a means of receive payments for digital or downloadable items from your site. All you need to do is to setup a selling button, upload your files to a secure part of your site and then allow people to instantly download the item after they've succeeded with payment. I've seen people using this method to sell things like web hosting services, domain names, websites and digital items like e-books. It would be much easier to use this method to sell e-books on informational stuff that people are searching for. Just create your e-book and allow people to buy with liberty reserve and you can sell the same digital item over and over again without the need for additional capital. You can see an example of a store here on how to make money Selling ebooks online

Accepting donations
This simply means to use Liberty reserve buttons to accepting donations on your website or another person's website. It is much better to use this option when you are providing services for people, they love your site and would probably want to contribute to it. The good thing about donations is that people feel good giving to your cause but you should make sure that you don't use it against their trust. You can even configure hyperlinks to accept donations by liberty reserve.
An example of a liberty reserve donation can be found here

To generate your own links or create easy forms you can go to https://www.libertyreserve.com/en/paymentform for an online generator.

Here are examples of links/button your can use on your site to get donations:

Buy me a drink!

Buy me a beer

Exchanging e-currency
This third option is what a lot of top e-currency merchants are into. It involves buying and selling liberty reserve funds for profit. People who engage in this business are called LR exchangers and they normally buy lr funds at a much lower rate than they sell. If for instance they were buying Liberty reserve worth $100 for $99, they could be selling it back for $120 and then gain on the difference. When is say they buy or sell, it simply means to exchange once currency for another. Liberty reserve is commonly exchanged for other e-currencies such as western union, local currency, Alertpay, Paypal, Credit card, Moneybookers and so on. You could make money with liberty reserve just by selling or buying liberty reserve to or from people and keeping the extra as your profit. However, you stand to make more profit as you move up the ladder to get to be an official liberty reserve exchanger. You can take a look at the official exchangers here: http://www.libertyreserve.com/en/exchangers
Your target market for this method could be your locality or by using the internet.

There is also a fourth method but it seems to have been closed now. There used to be a liberty reserve referral program which credits you money for bringing in new users. It seems to have been closed now.

Conclusion:
That's about what I have to say about making money with Liberty reserve accounts

Comments:
Buy/Sell Liberty Reserve Posted by mibi on Thursday October 27, 2011 at 18:11:25:

Buy/Sell Liberty Reserve, MoneyBooker, Neteller
around the world! www.mi-billetera.com/world