E-wallets (digital wallets)
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E-wallets (digital wallets)

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About

Moneybookers is a global online payment and money transfer service established in London in 2001. As an eWallet, Moneybookers stores and uses online your personal, credit card, and shipping data and performs all payment processing quickly and effectively. In 2007, Moneybookers was acquired by Investcorp Technology Partners, and in March 2009, was put up for sale by its owners. The worldwide money service business is authorised under the EU law and regulated by the Financial Services Authority of the United Kingdom.
 

At the threshold of 2010, Moneybookers boasted more than 10.4 million account holders. Currently, the company boasts more than 400 employees and a merchant base of 60 000. Moneybookers accepts 80 local payment options, around 30 currencies, and their website is available in 12 languages.

Moneybookers enables any email account holder, both small businesses and individual custumers, to send and receive payments online in real-time. In order to prevent fraud and money laundering, identity verification is required before the service can be used. With Moneybookers you can, for instance, send money from your credit and debit cards to pay for online purchases and auctions, or you can also transfer money to and from your bank account. Paying with Moneybookers is safe, quick and cost-effective, as the e-Wallet not only keeps your cash safe and handy, but also stores and encrypts such sensitive information as your financial details, and all the personal data which becomes relevant during the payment process.

As a sports betting fan, you may be interested to know that their services are accepted by the vast majority of bookmakers. Interestingly, as most online bookmakers, Moneybookers offers a Refer a friend program in which you can earn up to €100 for each friend referred.

Website languages

English, German, French, Spanish, Italian, Greek, Romanian, Russian, Turkish, Polish, Chinese, Czech

Currencies

EUR, GBP, BGN, USD, AUD, CAD, CZK, DKK, EEK, HKD, HUF, NIS, JPY, LTL, LVL, MYR, TWD, YTL, NZD, NOK, PLN, SGD, SKK, ZAR, KRW, SEK, CHF, THB

Countries /Availability

Countries listed on the supported local payment methods (United Kingdom, Australia, Austria, Bahrain, Belgium, Bulgaria, China, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Ireland, Israel, Italy, Japan, Kuwait, Lithuania, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Tomania, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Taiwan, Turkey)

Other countries – all bank wire deposits/withdrawals are processed as international transfers, which means additional charges imposed by the banks.

Uploading funds / Withdrawing funds ( to & from e-wallet account)

Uploading – Bank Transfer (International); Cheque (UK only); American Express, Visa, MasterCard, JCB, Diners Club (International); Sofortuberweisung, POLi, eps (NetPay), ePay Bulgaria, Debit Card (China), Nordea (Finland & Sweden), Carte Bleue, Giropay, Laser (Ireland), Carta Si, iDEAL (Neth.), Przelewy24, eNETS

Withdrawing – International Bank Transfer, VISA, Cheque – OECD countries only (USD, GBP, EUR),

Withdrawing – no minimum withdrawal amount, withdrawal limits dependent on the user status.

Fees / Prices / Times

International fees:

Free – registration, upload money from bank, receive money, request money.

Sending money – 1%, up to € 0.50

Uploading money from Credit Card – 1.9%

Withdrawing money to Bank – €1.80 (flat fee)

Withdrawing money via Cheque – € 3.50 (flat fee)

For information on upload/withdrawal fees regarding supported local payment methods in over 30 countries visit Moneybookers' Price List.
 

Times:

Sending money to online bookmakers – 10 minutes

Receiving money from bookmakers – instantly

Depositing via Bank Transfer – 2-5 business days; via Credit Card – instantly, via Cheque – up to 10 days.

Sending – the receiver doesn't need to be a Moneybookers member, but in order to collect the money sent to his email address, he needs to register at Moneybookers

Additional Information

Auction payments – yes

Escrow payments for online trading – available

Moneybookers is not an escrow service, but it offers a specialised escrow service where the seller of a merchandise does not receive payment till the buyer accepts it/ the inspection period expires

To execute the escrow transaction, the buyer first needs the email address of the seller, then has to click on the escrow check box and follow the instructions.

Awards

The Best Execution at the 2009 Media Momentum Awards in London

The Judges' Award at the 2009 Media Moementum Awards in London
Payments company of the year
2010 EGR B2B Awards in London

To find out which online bookmakers accept Moneybookers click here.