What is the best currency exchange service to transfer funds?
November 8, 2011 1:41am CST
Hi everybody, whoever reads this post of mine. I want to know which is the best fund transfer service out there to exchange funds from paypal to alertpay and vice-versa and paypal to libertyreserve and vice-versa? I have come across one here alertpayexchange.com. But I want to see what other people suggest. Any suggestions friends?
8 Nov 11
I myself do not use any fund transfer service. I just use my debit card and have it verified to each of those payment processors such as PayPal and Alertpay. That way, I can easily withdraw from or deposit funds into these processors without having to go through the process of a fund transfer between these said processors. If you really want to know the best fund transfer service provider available around, you can now start searching for it over the internet. Or you can just wait and hope others can participate in this discussion and thereby give you a better idea.
10 Nov 11
Actually I use paypal and the pertaining debit card to receive funds online. But my country has restricted to spend money from my paypal balance and moreover there is an auto withdrawal option has been made compulsory for every Indian paypal account. So I need to use alertpay instead of paypal for spending purposes online. There is another problem that arises is that I cannot link my Indian bank account or debit card account to my alertpay account. So I need to exchange my alertpay received funds to paypal or visa debit card account with some exchange service out there. I have found one effective exchanger i.e alertpayexchange.com. There exchange rate is really affordable and they also allow little fund transfers starting from $1. So I have already selected their service for future currency exchanging. But if you know any better than alertpayexchange.com then please inform me.
11 Nov 11
No I don't have a verified alertpay account. I cannot link my Indian bank account to my alertpay account. Even if I do so the wire transfer rate would be too high to be afforded by me. It seems for a $100 withdrawal they take $15+$20=$35 for fees and pays only $65. That's a ouch facotor you know that. That's why I need to use exchangers.
8 Nov 11
PayPal forbids to convert its e-currency to another. The best way to do it is to wire PayPal funds to your bank account -- it depends of your country, but it is often free when your bank account is linked to your PayPal -- and to buy AlertPay/Liberty Reserve. Actually AP does not work with credit cards, and wire fees are expensive, so another possibility for AP to LR is to use an exchanger. I would recommend to use exchangezone.com, because their system of exchange between members permits to exchange AP or PP to LR and LR to AP or PP, and is secured by the LR account of the site, used as a pivot, though it is always possible to start a dispute later with PayPal or AlertPay.
10 Nov 11
Yeah, I have that similar problem. But I didn't know about exchangezone.com. Do they provide little fund exchanging options starting from $1? I need to transfer my alertpay received funds to my paypal account or my visa debit card account. How long do they hold the funds? Do you know that?
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10 Nov 11
Exchangezone is not a classical exchanger but a sort of auction site for e-currencies where members are exchanging funds between them -- it is why you can get some PayPal money through this site -- : these funds can be Liberty Reserve to another e-currency, or any e-currency to Liberty Reserve. You fix the minimal amount you want in the other e-currency, and you can offer to exchange as low as $1. The bid process lasts 1 month : if your offer is interesting, you can have several bids on it... or have no bid at the end. You can also put a bid on a offer if you don't want to wait. A page on their site is explaining with pictures and details how the exchange is done : http://support.exchangezone.com/index.php?_m=knowledgebase&_a=viewarticle&kbarticleid=50