Moneybookers is an online business that processes money transfers through the internet.
The Moneybookers Company was launched in April 2002 and since then have acquired up to 15 million account holders.
Moneybookers is specialized for bookmakers which means it’s the best solution for betting or, in our case, investing.
Useful information about Moneybookers is the change of their name to Skrill. They probably want a bigger piece of the cake or their name is not very popular. Whatever the reason is, I sure hope how conditions will be better or stay the same for bettors.
Surfing world wide web, you might stumble upon some interesting articles about Moneybookers, but I wouldn't worry about it. We will explain how to avoid what most people who wrote negative reviews did wrong with a few simple steps.
Moneybookers doesn’t deduct any fees for most bookmakers which are a massive advantage to customers as they get all the money that is rightfully theirs with no deduction fees.
Charges
Moneybookers does charge for other transactions from online shops and below are a list of prices of the costs:
In addition, you are able to send money to somebody who doesn’t have Moneybookers account. All you need to do is type in somebody’s email when sending the money and that person will receive the money you sent when he/she opens an account. Also, when sending money to a Moneybookers non-member, you have an option to cancel that transaction, but in order to cancel it you have to act quickly which means canceling it ASAP.Currencies
Supported around 40 different currencies:
AUD - Australian Dollar, BHD - Bahraini Dinar, GBP - British Pound, BGN - Bulgarian Leva,
CAD - Canadian Dollar, HRK - Croatian kuna, CZK - Czech Koruna, DKK - Danish Krone,
HKD - Hong Kong Dollar, HUF - Hungarian Forint, ISK - Iceland Krona, INR - Indian Rupee,
ILS - Israeli Shekel, JPY - Japanese Yen, JOD - Jordanian Dinar, KWD - Kuwaiti dinar,
LVL - Latvian Lat, LTL - Lithuanian litas, MYR - Malaysian Ringgit, MAD - Moroccan Dirham,
TRY - New Turkish Lira, NZD - New Zealand Dollar, NOK - Norwegian Krone, OMR - Omani Rial,
PLN - Polish Zloty, QAR - Qatari Rial, RON - Romanian Leu New, SAR - Saudi Riyal,
RSD - Serbian dinar, SGD - Singapore Dollar, ZAR - South-African Rand,
KRW - South-Korean Won, SEK - Swedish Krona, CHF - Swiss Franc, TWD - Taiwan Dollar,
THB - Thailand Baht, TND - Tunisian Dinar, USD - U.S. Dollar, AED - Utd. Arab Emir. Dirham
Supported local payment methods in over 30 countries
There are loads of different currencies that Moneybookers accept which makes the online e-wallet site a great business for all countries around the world in where it is able to operate. It accepts the Euro and British Pound which are the most common methods of payment, US/Australian/Canadian dollar are all accepted along with many other currencies from South Africa, Thailand, Sweden and a host of other currencies from different parts of the world.
Currency Conversion Fees
For transactions involving currency conversion Moneybookers adds 1.99% to our wholesale exchange rates for foreign currency. This charge serves as a protection against the volatility and risk associated with FX markets. The Moneybookers exchange rates are updated on a regular basis throughout the day.
For transactions involving currency conversion Moneybookers adds 1.99% to our wholesale exchange rates for foreign currency. This charge serves as a protection against the volatility and risk associated with FX markets. The Moneybookers exchange rates are updated on a regular basis throughout the day.
Non-business accounts will be charged a monthly service fee of 1.00 EUR (or equivalent). The fee will be waived and thus the usage of the Moneybookers service is FREE if the user has logged into the account or made a transaction in the last 18 months. Otherwise the service fee will be deducted monthly from the account balance.
Outgoing Transaction Limit
Moneybookers is protecting itself from frauds and money laundering with its outgoing transaction limits, however this can be lifted with the more questions you identify about yourself as the site will have more trust in your payments on the site and will let you withdraw larger sums.With limits it is hard to see all the potential Moneybookers is offering and that is one of the reasons why many people judge it wrong from start.
Being a part of betting or gambling world, you will enter a space where bookmakers want to protect their gold and a place where, using some math equations, you can achieve amazing results. On the other hand, you get to a place where cheating is simple and easy. For that reason, you should prepare your documents (credit card numbers, passwords, etc.) and be ready to share it. That is the only downside of this business.
What you need for verifying your Moneybookers account:
Your goal should be VIP Status
Moneybookers also offers a VIP status on the site that will earn you lots of benefits for your time on Moneybookers. No limit on transactions so you can freely withdraw, receive and send money via Moneybookers without having to worry about whether you’ve gone over your limits.
You also are immune from getting charged for fees when sending money to others so VIP status on Moneybookers is a great way to get other benefits from the site that can save you money.
One of the benefits of having Moneybookers VIP status is free security token that you can order over their website. With VIP status, using Moneybookers is really a pleasure and only then you can call it secure.
How to get to VIP Status?
Using Moneybookers, making transactions you will use yours outgoing transaction limit, after that you will need to verify your account and lift up your limits, at last when there is no verification option left, you can ask for VIP Status.
Minimal transaction limit per month for VIP Status is € 5000.
Let’s get going, register on Moneybookers.com!
Visit Moneybookers.com, register an account and write all the info needed correctly. Watch out for your date of birth, postal code, place (street, town) and everything else.
After successful registration, go to “verify” and verify your address right away. You will receive their letter in a couple of days/weeks and after you do, enter a code (will receive in letter) to their site. By doing that, you will make your first step of rising your outgoing limit.
If you have a debit/credit card, make a deposit and wait for the bank statement for a correct number (the amount sent to Moneybookers). To see the bank statement online, wait for 24 hours, or even 48 hours (just to be sure), before typing that amount which they took from your card. Don't rush it! You will end up typing some wrong digits and then you’ll have a cool down period for 24 hours. With completed card verification, you made a step two in verifying your account and making your transaction limits even bigger.
Few steps to maximize your outgoing transaction limit:
Addition – Earn money referring Moneybookers to your friends
If you like their services, you can even refer it to your friends and earn some extra cash.
You can find your refer link under benefits link on top. Click on the “Refer a friend” program to your left.
One major disadvantage that Moneybookers holds which is not very assuring for the customer is that the customer services for account holders on Moneybookers is a much poorer standard than those of banks and PayPal. The call centre is open from 9am – 6pm GMT but it is a very slow process in finally getting hold of the support centre and solving your problem out. This can be very anxious delay for customers if they can’t send a payment online or receive any money for an item they’ve already given away. This is not rule, you may run into exception and get pretty fast response, good luck with that.
Moneybookers is simple and easy to use e-wallet that will help and speed up online money transaction between your bank (card) account and bookmaker account.
I’m using Moneybookers for a few years now. After all these years I can't tell you that I didn't run into some problems, but all of them were small and easy to solve. Overall impression and functionality is just what any bettor can dream of.
Read more interesting articles on: BetsExperts.com