moneybookers

The British company moneybookers entered the market in 2002, as an electronic credit institution, users are able to complete international money transactions in real time. Moneybookers became the alternative to pay pal, and has attained more and more market share. It is also possible to instigate payments among two moneybooker users, as well as performing transactions in over 30 countries. Moneybookers is supported by thousands of online merchants, and almost all of the reputable online casino and poker rooms. The advantage for the user lies in the fact that one does not need to utilize a credit card and hand out sensitive information every time an online transaction is initiated.

Deposits

Deposits are instigated using a bank transfer of credit card, with the email address used to register the account at moneybookers. Transfers can only occur once the prepaid account has been fully funded. Users receive an email once this has occurred and are able to utilize their moneybookers account to purchase goods and services online.

Withdrawals

In order to process payments from moneybookers both parties (buyer and merchant) need to have a valid moneybookers account. Once a payment has been initiated, the recipient will receive an email, to either open a moneybookers account, or that the fund have been transferred. Attention, once a payment has been instigated it cannot be called back.
Moneybookers has recently launch it’s own credit card allowing users to retrive cash from ATMs or pay directly online.

Fees

To open an account at moneybookers is free, as is the receiving of funds. Transfers are charges with a maximum fee of 0.5% of the total amount. Should money be converted to a different currency an additional 1.75% charge is applied. Another €1.80 is charge when withdrawing money via your credit card or bank account. Should you require a check to be send out moneybookers charges €3.50.
There are no interest payments applied to any funds in your account.

Support

You can contact moneybookers' customer call center via phone Monday through Sunday 9:00 to 18:00 GMT at +44 870 383 0232, or via an online contact form in your account.

to moneybookers website