Is it possible to transfer funds from Paypal to Liberty Reserve?

@veejay19 (3592)
India
September 10, 2010 2:09am CST
Hello friends, i guess this question has been asked before but i would like to know whether any of you could enlighten me.I have accounts with both and would like to transfer some of my funds from my Paypal ac to that of Liberty Reserve.If any of you know how to do it or have done it before, please let me know.Thanks in advance.
2 people like this
9 responses
@bloggeroo (2171)
• Philippines
10 Sep 10
As a rule, different payment processors are not allowed to do so. This is because it is very favorable to money laundering. The usual solution is to use middle men to facilitate the exchange. It's rather costly, but if you have sizable funds in one account, it may be your only option. Of course, if both accounts are linked (or can be linked) to your bank account, you can just do the transfer yourself. You will just be paying the banking fees and will be making a deposit to one account and a withdrawal from the other. Anyway, I haven't tried linking two different payment processors yet to my bank account so I'm really sure if this can be done.
@bloggeroo (2171)
• Philippines
10 Sep 10
Oops. ... so I'm really NOT sure if this can be done.
• India
10 Sep 10
Paypal does not offer money transfer to other online accounts like Alertpay and Liberty Reserve. Try to find some third party websites to exchange your funds. I think they deduce some percentage of your funds as processing charge.
@veejay19 (3592)
• India
26 Oct 10
thanx, anyway i have dropped the idea.
@pkdoo7 (14)
18 Sep 11
Transferring funds from LR to pay pal or pay pal to LR is too complicated and risky job, however many third parties are available now to exchange and transfer funds but most of them have no reliability as well, so that if you are looking for safe transfer of your balance than you would have to make any reliable person or friend to exchange funds otherwise it will be better for you to choose LR recommended exchange parties to transfer your money to directly your bank account.
@few00cent (2143)
• India
25 Oct 10
well,most of the 3rd party exchange site doesn't allow to transfer fund from paypal to Liberty reserve due to charge back issue in paypal and liberty reserve doesn't have charge back option and some of them which provides exchange from paypal to Liberty reserve have some high percentage fees and want minimum of $100 exchange.
@vathsala30 (3723)
• India
19 Oct 10
I do not think it is possible Veejay. Since both are difference money processors, paypal does not accept it
@PAPIMANN (28)
11 Sep 10
You should try exchangezone.com for transfer or payyoudollar.info both are manual exchangers payyoudollar takes 1 day and exchangezone.com takes 7 days
@celticeagle (117919)
• Boise, Idaho
10 Sep 10
I would think that you can transfer funds if you have an account number that is like a banks at this Liberty Reserve. If not you may not be able to. If Paypal has their system set up to be able to transfer to account numbers then this other account would have to have one.
• India
10 Sep 10
Hello veejay I have a verified paypal account, but no liberty reserve account, well i think, though not sure of, such transfer of funds is not permitted, you read response from members here You may write to paypal, i am sure they will respond, may be late though.. Thanks for sharing. Welcome always, cheers. Professor. .
@Jotomy (6355)
• India
10 Sep 10
Hi veejay, i think they both are individual accounts, they may not accept. Paypal can transfer amount to your bank account but not to liberty reserve, i think liberty reserve also work like paypal both are different companies with same terms.