Moneybookers (Skrill) Review

History

Moneybookers opened in April 2002 and is headquartered in London. It is registered as a Money Service Business with HM Revenue and Customs in the United Kingdom, and is licensed to operate within the EU. It became the first e-money issuer to obtain an electronic money license from the Financial Services Authority (FSA) and has become one of Europe's leading digital money companies with over fifteen million account holders.

Moneybookers allows clients to make online payments conveniently, securely and economically. Without revealing personal financial data, clients can send and receive money transfers using just an email address. You can send, receive and hold funds in 30+ currencies worldwide and offers local payments in 40+ countries. However, Moneybookers' US customers cannot receive money and foreign customers cannot upload funds using cards or accounts located in the US.

Because of Moneybooker's focus on businesses as well as consumers, over 80,000 merchants use Moneybookers's payments service, including global partners such as eBay and Skype. Consumers can also use Moneybookers for non-gambling transactions as well as receiving other benefits, including: multi-language website and customer service, low fees, prepaid MasterCard, and a recently launched loyalty program.

Moneybookers became involved in the scandal with WikiLeaks, the website known for publishing secret government and corporate documents. Moneybookers had previously collected donations for Wikileaks but in August 2010, Moneybookers blocked funding for WikiLeaks (despite the fact that no court order has been issued). Moneybookers stated that they had closed Wikileaks account "to comply with money laundering or other investigations conducted by government authorities." They also stated, "following recent publicity and the [subsequent] addition of the WikiLeaks entity to blacklists in Australia and watchlists in the USA, we have terminated the business relationship.'" WikiLeaks founder Julian Assange replied, "this is likely to cause a huge backlash against Moneybookers. Craven behaviour in relation to the US government is unlikely to be seen sympathetically."

In November 2010, Moneybookers announced that they will be renaming their brand to Skrill.

Today

Moneybookers is one of the more popular ewallets for online poker players, but it is far more popular in Europe than in the US. It is a very reputable company. Skrill was named ‘Best Payment System 2011' at the iGB Affiliates Awards, for being the preferred payment option of affiliates.

COMMENTS:

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With many free deposit methods, free to receive money, a cap of €0.50 on sending money, and withdrawal fees of only €1.80 or €3.50 for a check, the costs of using Moneybookers to transfer money overseas is negligible compared to other international money transfer services. Where a western union money transfer can cost over $100, or a bank wire or posting a check can cost over $30, Moneybookers’ online money transfer service would only cost a total of around $3. Incredible value - Easy to use; you only need an email address for this email money transfer service - Instant Transfers.
You can open your account through their site, just visit their site.

pokerrocker on June 24, 2010

Hey guys I'm thinking to open a Moneybookers account to fund my Online poker games ,can i go with moneybookers ,are they reliable one?

Offsuit27 on March 16, 2010