Moneybookers is used to send or receive payments online and thus can be used as a method to fund gaming accounts. It was established in 1999 and the online site, moneybookers.com was created in 2001. Moneybookers offers local payment in more than forty countries and money can be transferred in around thirty different currencies.
Countries Allowing Moneybookers
Moneybookers claims to exist in every country, but does not allow US customers to receive funds or for funds to be uploaded using accounts based in the US. Moneybookers is available in multiple languages including English, French, Spanish, German, Italian, Polish, Greek, Romanian, Russian, Turkish, Chinese and Czech. It is regulated in the UK by the Financial Services Authority (FSA) and is authorized under EU and UK law.
How to Use It
Moneybookers can be used by any person who has an email address in order to transfer funds on the internet. In order to use it, you must first sign up. This is a simple and quick process. Simply access the registration form online, complete it and submit it. You also need to provide an email address. You will then need to fund your account which can be done through credit card, bank transfer, check, eGold or Giro Pay.
In order to make transactions to or from your account – withdraw or deposit funds, you will need to use your email address and a password. Your email address acts as your user name. If you are making a deposit from Moneybookers into your online account, you will need to visit the cashier’s section of the casino you are playing at.
Click on Moneybookers as your payment option and enter your deposit amount. There may be transaction limits on how much money you can send from your account. These depend on your user status so you need to check the limit currently set for your account before you attempt to send money.
Benefits of Using this Banking Option
There are many benefits of using Moneybookers to process your online transactions. It is regulated by the Financial Services Authority (FSA) and all of your financial information is kept entirely safe and secure. The only personal information that you are required to provide is an email address.
All transfers are processed in real time. You no longer have to wait around for money to clear as you do with some other transaction methods. You are now able to shop instantly online or to fund your accounts immediately.
Customers are able to make deposits to and from their credit cards when using Moneybookers. This is very convenient for many patrons. Your credit card information does not need to be shared with sites that you are making a transfer to or from and this makes it more secure.
The fees associated with using Moneybookers are very low. The cost of making a domestic or an international transfer is 1%, up to a maximum of €0.50. This makes it much cheaper than many other traditional banking options. In fact, most online casinos cover this 1% charge for their patrons so using Moneybookers essentially becomes a free service. Some sites will even offer a deposit bonus for making deposits using this banking option.