What is Moneybookers

Moneybookers – A good alternative to Neteller

Moneybookers is a new phenomenon for many casino and poker players. Maybe you recognize the name but do not know further what they stand for. Moneybookers is a tool that allows you to safely send and receive money via email. Most casino and poker players today have a Neteller account which they use to control transfers quickly and easily online. Neteller took over much of the activities PayPal accounted for after 2002 when eBay took over PayPal and online gambling became impossible through PayPal.

Since 2002, Neteller have been almost autocratic on the market. Now, they have got into a little headwind due to the U.S. changed law on financial transactions between players and gaming providers. It has been hard on Neteller who have been forced to let people go and it also included some heavy fights with the U.S. authorities. Neteller decided to draw back entirely from the U.S. market, like most other online payment services, but the problems with online gambling in the US still remains.

A strong alternative to your online transactions

The problems with the online gambling transactions have made people open their eyes for alternatives. This is where Moneybookers comes into the picture as a strong alternative. Moneybookers has actually been on the market since 2002, but did just not achieve the same success as Neteller did. Something they are about to experience now when players from all over the world comes in a breakneck speed to establish an account with them. Moneybookers have over 13 million customers and 80 000 trader contracts. It is the agreements with the dealers in particular that differ Moneybookers from Neteller.

With Moneybookers you can do a lot of shopping online, and they often have special promotions integrated to the online firms that they have contracts with. The largest of them is eBay and Skype, but they also have agreements with a large number of other companies in other industries. On Moneybookers website under “Shopping” you can see a small selection of all the shops that they work with, but as we mentioned before - that is only a small part of their real client base.

Moneybookers is a British company authorized under UK and EU law and regulated by the Financial Services Authority (FSA) in the UK - which is not directly known to be generous with their licenses. They are supported by Investcorp Technology Partners and Gatcombe Park Ventures Ltd, London, and have over 8 years of experience in the business - more or less guaranteed to be a professional company you can rely on.

With Moneybookers you can choose between 29 different currencies, including American dollars. To avoid currency exchange charges imposed by the banks, it is recommend that you send the funds in the same currency in which Moneybookers' bank account is held from the beginning.

Moneybookers - several services that cover your needs

Moneybookers offers many kinds of services such as Neteller does. You can transfer money to other users, only by knowing their email address. That's what makes it so safe – there is no longer any need to expose your credit/debit card information every time you shop online. You can make deposits to a variety of casino sites, poker rooms and bingo sites. You can also deposit money directly into your bank account. Like Neteller, Moneybookers charge a small fee to transfer money into its own account - which is the normal exchange rate plus 1.3% of the amount. It is actually a bit cheaper compared to Netellers charges for transfer since their transfers normally take place in two steps via the Canadian dollar and then to your chosen currency. In that sense it’s easier to estimate the costs of your transfer with Moneybookers.

It is very easy to register your account and you will be guided through a series of safety controls that protects you against fraud. You can choose between receiving a letter to confirm your address or they can charge a small amount on your credit card to confirm your account. It is in other words very safe and easy to use.

There are always new additions of websites that accept Moneybookers. Neteller is still the market leader, but Moneybookers will soon catch up as they accept more and more venues.

You can register by following this link:

Good luck!

Best of Regards

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