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liberty reserve transactions are not reversible, which means once you pay there is no way LR can refund you.
if you get scammed, you will not get a refund like you can get from paypal.
do you think liberty reserve should offer charge back policy?
if they do that then no investment site will trust them especially the hyip related site this makes liberty reserves a payment processor of choice because once you've send money there's no way you can get it back and it seems they don'twant to be as strict as payapal
AP and PP has charge back policy. But imagine if LR has charge back policy. But I guess its not going to happen for two reason. One LR don't accept creditcard. two if LR has charge back its going to loss clients as the only reason why many used LR is because theirs no charge back in the first place.
Yeah and also if lr introduce this feature then many investment program will stop using it though its a great feature and it can help us not to lose so many fund to scammers but i dont even think that lr will use this feature.
To be honest a chargeback feature would be quite good if it were to be introduced. Imagine the amount of money that you have already lost to scam sites like hyip's since you started investing and this should make you think wice about this. At least some of it could be recouped through this feature although hyip's would then search for another haven.
Let's just be more responsible to every transaction we will send. As we know it is not reversible. But that is how liberty reserve is, i get used to it even i got scammed many times, i never think of.. Oh, if LR would only have dispute, i wouldn't get scam.
Fact of the matter is that a lot of people investing on hyips do get scammed and there's not much that they can do about it. It does involve a lot of rist and one needs to approach it carefully and act responsibly, that makes sense. Maybe this is the reason that hyips also prefer liberty reserve so much besides the obvious low minimum payout.
I strongly suport this policy LR should offer a charge back policy,atleast it will help us from scammers hand a bit like some hyip which will just disapear with our fund without any sign,if they can introduce this policy it will be great.
I think it is not a good idea. You are responisible yourself if you are using LR for investing money because then you need to accept total losts. It is the same when your personal LR account get hacked because you are responsible for security of your LR account.
Just one question. what is charge back? Charge back happen if you send funds using your creditcard account. Now do LR has creditcard features? no. so how will you going to do charge back? Its really does not make since.
If you invest or send money and you want it back in any reason then that's not charge back its reversal of transaction. And you need to file dispute and give the reason why and they going to approved it. But if that features will be added I'm sure LR will be dead. Because the only reason why LR is popular right now is that once you get your LR funds you know its safe.
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