Moneybookers is an e-commerce business that allows payments and money transfers to be made through the Internet. It serves as an electronic alternative to traditional paper methods such as cheques and money orders. Moneybookers performs payment processing for websites, online auction sites, and other corporate users.
Moneybookers allows customers to 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. Moneybookers also offers Escrow payments (for online trading) as well as online SMS and fax sending services.
Unlike many competing online fund transfer services, Moneybookers requires identity verification before using their service; this minimizes fraud and prevents money laundering. Additional verification steps raise the maximum amount transferable to EUR 20,000 or equivalent within a 90-day period. Moneybookers does not usually get involved in merchandise disputes and the availability of credit card charge backs may be limited. Merchant accounts are available to qualified applicants.
As of March 2006, Money Bookers accepts the following currencies:
Accepted Currencies:
- Australian dollar
- Bulgarian lev
- Canadian Dollar
- Czech krone
- Danish krone
- Estonian kroon
- Euro
- Honk Kong Dollar
- Australian dollar
- Hungarian forint
- Icelandic krona
- Indian Rupee
- Israeli New Sheqel
- Japanese yen
- Latvian lats
- Malaysian ringgit
- New Zealand dollar
- Norwegian Krone
- Polish Zloty
- Romanian Leu
- Singapore Dollar
- Slovak Kruna
- Slovenian tolar
- South Africa rand
- South Korean won
- Swedish Krona
- Swiss franc
- Taiwan dollar
- Thai Baht
- United Kingdom British Pounds
- United States Dollar
Proceed to Liberty Reserve