Is palaceexchange.org (a money exchange site) scam?

New Zealand
November 12, 2008 11:12am CST
They claim, they exchange paypal- alertpay or vice verca or liberty reserve- other payment processors and vice verca INSTANTLY. I already sent them payment 4 hours ago and still patiently waiting for their "Instant exchange" . If they do not pay me, this is not only scam, this is crime. A theft they are doing in Internet. Any idea whether am I going to get my payment in the so called "Instant exchange" site? The site name is palaceexchange.org and I have exchanged AP-PP
5 responses
@paisar (7)
• Indonesia
30 Jan 09
did they proccess? i was convert from LR to WMZ......but they not proccess....they SCAM
• New Zealand
30 Jan 09
No, they do not process. They are a confirmed scam. I filed a dispute on Alertpay and Alertpay din't help me either. They told the merchant account do not have enough funds to do a chargeback. Its was months ago. I really feel sorry if you are another one that got scammed.
@paisar (7)
• Indonesia
30 Jan 09
did they procces??? i was convert from LR to WMZ.....but i don't received my money....they are SCAM...
@stephcjh (32327)
• United States
13 Nov 08
I have never heard of this site before. I hope someone at Mylot can answer your question for you. I am joined with alot of paying sites. It is great and fun.
@trixyteddy (1072)
• India
12 Nov 08
You're just another victim Vince. I wish there was a way to trap and punish these people who do this. I hope all goes well for you.
@maru_047in (1007)
• India
12 Nov 08
that sounds really irritating then all of mylottians need to be aware of. thanks for informing all of us. i have to transfer the money from alert pay which is the right site to do that. Thanks Maru