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What is Wallet

7:46 PM / Posted by Wdd /

Wallet

Liberty Reserve's wallet is a handy feature that allows you to access only the portion of funds that you have placed in your LR wallet quickly and easily, bypassing the regular, enhanced login security features of your main account.

You do not have to activate or use the wallet if you do not want to. But if you choose to use it, it is a way to save time when logging in, and to make payments very quickly, accessing only a small portion of your total LR holding, just like going to a bank ATM, withdrawing a small portion of your account balance, and keeping the cash in your pocket.

This less secure, though quicker, way of logging in to your separate wallet sub-account is recommended only for small payments, and keeping small balances in the wallet. Do not transfer a large portion of your main account to your wallet.

Settings 


To enable or disable the wallet sub-account feature, log into your main Liberty Reserve account and click on "My Wallet." Once there, you can see your wallet balance and have the option to enable or disable your wallet sub-account, and to add or remove funds from your wallet.

Refill


To fill or refill your wallet, the wallet sub-account has to be enabled. While logged in to your MAIN Liberty Reserve account, access the "My Wallet" link, and click on "Add funds." By doing this, you will be given the option to move funds from your main account to the wallet sub-account. You cannot add funds to your wallet account unless you are logged in to your main account.
Discharge

To discharge or remove funds from your wallet back to your main Liberty Reserve account simply access the "My Wallet" link, and click on "Remove Funds." By doing this, you will be given the option to move funds from your wallet sub-account back to your main Liberty Reserve account.


Logging In

Logging in to your wallet is easy. All you need is your account number and Login PIN. You do not need your Password or Master Key. Once you are logged in, you will see your wallet balance and a funds transfer screen. You cannot access any of your main Liberty Reserve account features and balances from this sub-account.

Transfer


When logged in to your wallet, you can transfer funds quickly and easily up to the balance that is available in your wallet. You do not need your Master Key since this is a less secure interface for low balances and quick payments.

If someone sends you a payment to your Liberty Reserve account, that payment goes to your main account, not your wallet. You cannot receive payments into your wallet. You can only send payments. To replenish your wallet, you would need to log into your main account, and refill the wallet from there.
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