LiqPay Banking

LiqPay is a Ukrainian payment method with some innovative ideas. It's part of Ukraine's biggest commercial bank called PrivatBank. In this short review, we're going to take a quick look at LiqPay's key features, starting with how it works. T&C's apply to all bonus offers on this site. Click for a list of all banking methods.


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LiqPay

How It Works?

LiqPay works unlike most other payment methods out there. The key difference is that you can simply make payments using your messenger. Facebook, Telegram and Skype are available, just to name a few.

As a customer, it starts with following the necessary steps within the messenger. From there, you can pay for goods and services with one click. If you'd like to see how the whole process works in detail, you can check out LiqPay's demo video from their website.

For the merchant, LiqPay is a great addition to the site. There are four major sources you can tap into using LiqPay. First of all, MasterCard and Visa credit cards can be used to fund LiqPay, as well as cash and Privat24 Internet banking. In conclusion, using LiqPay means you can accept payments from 203 countries in total.

Security

Reliability of LiqPay is confirmed by GoDaddy. They also offer the benefits of Visa and MasterCard's SecureCode, adding an extra layer of security when doing online shopping. This private code for your account is only for you and LiqqPay to know.

If you haven't heard about LiqPay before and are having some doubts about it, then you should know that it's a trusted payment operator with many online shops as well as casinos as its customers. Also, they haven't had any major mishaps in the past.

That said, however, there is a downside as well. Some sources state that they're hard to reach, especially when something goes wrong.

Banking

As a customer, you don't have to pay any fees using LiqPay when doing online shopping. The merchant picks up the tab here with a 2.75% commission charge.

Sending money to a friend is free for the sender. However, there are some charges to the recipient. It all depends whether there's a foreign bank or a Ukrainian bank involved in the process, meaning that fees range from 0 to 2% in some cases. In addition to that, limits apply as well, per transaction, daily and monthly, and you can manage your account using Russian roubles, US dollars, Euros as well as Bitcoins. That said, the overall picture is quite cost efficient.

Summary

LiqPay is a Ukrainian payment service that works with popular messengers, including Skype and Facebook. The merchant simply sends their client an invoice, which can be paid using Visa or MasterCard, in cash or via Privat24.

Click here to visit LiqPay website.

Posted by CCJ Team