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Old 18-02-2010, 03:24 PM   #1
N1000
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Default How to become an exchanger

Hello GT
I wonder if someone could give me information on how to become an e-currency exchanger,that is exchanging Paypal, AlertPay, LibertyReserve, MoneyBookers etc
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Old 18-02-2010, 07:23 PM   #2
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Start by reading "Acceptable Use Policy" of those exchangers. Then you'll see that PayPal does NOT allow any currency exchange and that AlertPay will make you fulfill some strict requirements before they'll allow you to exchange AlertPay. I'm not quite sure but I think that MoneyBookers also don't allow exchange.
After that you'll need domain name, hosting space, scipt or website itself and few thousand $$$ in capital to be able to start the exchange business.
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Old 19-02-2010, 12:04 PM   #3
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Quote:
Originally Posted by sinip
Start by reading "Acceptable Use Policy" of those exchangers. Then you'll see that PayPal does NOT allow any currency exchange and that AlertPay will make you fulfill some strict requirements before they'll allow you to exchange AlertPay. I'm not quite sure but I think that MoneyBookers also don't allow exchange.
After that you'll need domain name, hosting space, scipt or website itself and few thousand $$$ in capital to be able to start the exchange business.

it's need a great ammount of $$$
and how about currency ? AP -> LR , LR -> AP
are the moneybooker choose it themself ?
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Old 22-02-2010, 11:06 AM   #4
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You can easily become exchanger at exchangemoneyplace. There's some that I have used. I've got a huge fee of 30% when I exchange Paypal --> LR but the exchanger made lots of money.
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Old 25-02-2010, 07:23 AM   #5
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It is easier to become an exchanger locally,, First of all you will have to start exchanging the various e-currencies to the local currency in your country (eg Liberty reserve - to countries currency) when it is well established then you can think of expanding it to e-currency to e-currency exchange. It is cheaper to start in this way
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Old 26-02-2010, 06:12 AM   #6
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You can become e-currency exchanger and even a good exchanger but you should have some know how in this regard.

Last edited by sinip : 26-02-2010 at 10:06 AM. Reason: Advertising link removed.
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Old 26-02-2010, 04:28 PM   #7
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You might have to start with a website and publish all your services with properly written and well detailed FAQs. Also you could choose to automate the exchange process if you have enough money or reserves in all the e-currencies you wish to service. Then you can fix a rate which could either be a variable or constant, depending on your reserves or any thing you may seem to be profitable. Also don`t forget to include a comments or testimonial section to improve functioning. And, remember to investigate all loop holes by which hackers can manipulate with your site data. Good Luck!.
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Old 07-03-2010, 03:58 PM   #8
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Quote:
Originally Posted by N1000
Hello GT
I wonder if someone could give me information on how to become an e-currency exchanger,that is exchanging Paypal, AlertPay, LibertyReserve, MoneyBookers etc

Like sinip said,start by reading "acceptable use policy".
You can be exchanger on 2 ways.
First one is to open your ecurrency exchangeing website,to have fe thousand dollars for start,or even more if you want to be sure that you will be able to do exchanges.And start your exchanger carrier from zero.
Second way is to make your threads at popular exchange forums,(eg exchangemoneyforum,exchangemoneyplace) and exchange money with users there.
Whatever you choose,good luck
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Old 07-03-2010, 04:33 PM   #9
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Quote:
Originally Posted by nanoextreme
Like sinip said,start by reading "acceptable use policy".
You can be exchanger on 2 ways.
First one is to open your ecurrency exchangeing website,to have fe thousand dollars for start,or even more if you want to be sure that you will be able to do exchanges.And start your exchanger carrier from zero.
Second way is to make your threads at popular exchange forums,(eg exchangemoneyforum,exchangemoneyplace) and exchange money with users there.
Whatever you choose,good luck
now i know why many exchanger better no not include paypal in their list
because paypal can limited their account if they get illegal balance
many money changer have problem, then closed because of this
but some can survive because he got backup from his LR PM AP or others
but i still want to find trusted money exchange, which can exchange my virtual money into my currency
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Old 12-03-2010, 04:02 AM   #10
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Yes you can be a money exchanger but it is little bit difficult, you have to apply for it and if government approves you then you can proceed.
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