Moneybookers
Your wallet for the internet...
to shop and send money worldwide
For Everyone FREE TO
JOIN
Moneybookers Limited is a money
transmitter regulated under UK law.
Moneybookers enables any business or consumer with an
email address to securely and cost-effectively send and
receive payments online in real time. It is much the
same as PayPal; however it is much more user friendly
and reliable.
Moneybookers delivers a product ideally suited for small
businesses, online merchants, individuals and others
currently underserved by traditional payment mechanisms.
As a true global payment solution, they welcome
customers from every nation of the earth!
Fees
For detailed fees click
here.
Credit and debit cards
Moneybookers, alike PayPal, allows its
users to fund the account with credit card. This
operation costs 1.9% of the transactions amount. I
prefer funding my Moneybookers account with bank
transfer, it is free for all users. Moneybookers allows
its business users to receive direct payments from a
credit card. It costs 8%; however, the fee includes no
chargeback gurantee. Moneybookers will cover all
chargeback costs with their own funds. That is its huge
advantage over PayPal. Moneybookers also allows you to
withdraw funds directly to your credit card. This
operation costs you only 1.8E (2.4$) and its much
cheaper than withdrawing with cheque (3.5E and available
only in few countries).
Pros and cons
In my opinion it is the greatest online
payment system available nowadays.Creating an account is
very simple, once you had to provide your ID and bills
to create new account, but know it is not necessary. You
will be asked for some ID if your account is blocked due
to unauthorizes access attempts, but the virification
process takes almost no time. Moneybookers is a great
solution for those, who use online auction systems and
receive payments, because obtaining money is free of
charge. Unlike PayPal, I have never heard of anyone
loosing its money from credit card because of
Moneybookers. Moreover, business accounts can accept
credit card payments without a risk of chargeback; all
chargebacks are covered by Moneybookers.
Another great advantage of this payment processor is its
availability for everyone all over the world. Funding
Moneybookers account with local bank transfer is
available in over 30 countries, but you can also use
international bank transfer to fund your Moneybookers
account. The site itself is available in 12, mostly
European, languages and your account can be kept in one
of 34 currencies available.
Though Moneybookers is less popular than PayPal, it
monopolized online bets market. Almost any bookmaker
accepts payments via this online payment system.
I have tried to find any drawbacks of Moneybookers.
Everything I can think of are high fees for accepting
credit card payments (not funding your own account) for
bussines accounts; however, it covers costs of
chargebacks.
Subjective opinion
As I mentioned before, I am very
enthusiastic about Moneybookers. Its great availability,
low fees and stability makes it a good recommendation
almost for anyone. I've been using Moneybookers for few
years and I have never encountered any difficulties.
Create Moneybookers account
CLICK HERE
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