Magnetic - Currency Exchanger

Magnetic Exchange is an online currency exchanger company that offers currency exchange services at a small fee.  The site is owned and managed by Magnetic Exchange Inc, a registered company in the Republic of Panama. It has been operating as an e-currency exchange market since 2008.

You can buy or sell currency online using any of the following e-currency and payment processors;
  • Liberty Reserve
  • Perfect Money
  • LiqPay
  • C-gold
  • Pecunix
  • Solid Trust Pay
  • EgoPay
  • Payza
How Long Does Magnetic Exchange Takes to Complete a Transcation?
  • Liberty Reserve, Perfect Money, LiqPay and EuroGoldCash are done instantly (automatically). 
  • Pecunix-related transactions are operator-assisted, so they normally take from 5 to 30 minutes to complete during the operating hours.
  • C-gold-related transactions are done upon the C-gold approval and take from 30 minutes to 12 hours to be processed.
  • Solid Trust Pay-related transactions are available only to the verified STP users and are processed only upon the approval of the STP security department. This can take 30 minutes to 20 days for the STP withdrawal transactions to be processed.
  • EgoPay withdrawal transactions require the approval of the system's security service. The whole process may take from several minutes to one week but all exchange transcations that involve buying with EgoPay are processed instantly.
  • Payza related transactions are processed manually within 24 to 48 hours (Monday to Friday).  
Magnetic Exchange Currency Conversation Rate
The currency conversation rate depends on the e-currency or the payment processor that you have selected. Here is an example of the what you will pay and receive when you exchange $20 Perfect Money with Egopay.   
magnetic Exchange
In the above example, the amount of money you receive is minus the fee charged by Perfect Money and Egopay. The Magnetic Exchange service fee is 0.485%.  Magnetic service fee varies depending on the e-currency or the paymentprocessor that you are using.  With the lowest been 0.3% and the highest been 20% (when you pay using an Egopay e-currency). 

Here is a screen shot of my latest Magnetic Exchange transcation. Exchanging $20.81 Perfect Money with Payza. 

This is another screen of the complete transcation afterPerfect money fee of $0.11 is deducted.

This is my final confirmation screen shot from Payza. I was expecting to receive $19.43 but I received $20.19 since I got a 3% discount from Magnetic Exchange. 

Magnetic Site Security
The site is verified and certified with a SSL Certificate from The SSL Certificate is the standard for Web security and a Server Certificate that is required by most merchant account services. The company is also a VSF Network Accredited Exchanger. You can visit  Magnetic Exchange and learn more about the fee and other important information.

9 Response to Magnetic - Currency Exchanger

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8 November 2015 23.42

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