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HI, I am using moneybookers from last few years. And the method of cashing out I used always was by Bank.

Bank account verification is very easy, you only need SWIFT code and your full bank account number. Moneybookers account can be easily opened also, sometimes they need your verification that YOU EXIST in this world. You have to provide scanned copy of your ID card or Passport (means your English name on an authenticated card).

Anyhow, the problem comes here. I had enabled USD $ as my main currency in moneybookers, and used to withdraw funds to my bank in local currency (rupee), money used to come at normal good rate. Until once it came on a very low rate, then i changed my bank and withdrew, again same thing happened. The bank said that they did nothing the money came in was the same amount that you received. Upon further inquiry I came to the conclusion that Moneybookers default currency is in Euro and they turn it in USD for my account then send to my bank which turns it in rupee. Hence so many conversion and in those days the forex rates were disturbed. I have stopped using moneybookers after that though, i loved moneybookers a lot.

Anyone else having similar issue? please share!

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  • 2 months later...

Hi Alan, I know people from India open Caribbean Bank account, to get a card for ATM Withdrawals.... Moneybookers will send you wire in USD or EUR....

Alternatively to moneybookers you can use Alertpay and see how they do to you on convertions currency exchange transactions... Alertpay also send you funds in wire system.

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I use moneybookers and paypal, I like their support very easy to talk with, I had a eur account and had it replaced with usd account, they helped me achieve that, another thig is compared to paypal, money bookers gets from me 2.24 dollars per transfer, paypal gets 4% which is big for bigger amounts.. and given that im from south east asia, moneybookers transfers are faster, at times its within 24 hours, compared to paypal which is 3-7 working dayys :D

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I had the same problem I am using Euro in my account. I had transfer money to another moneybookers account which has USD. But the problem is he got $5 less from which I had sent. I think they charged the money to convert USD to Euro. Is anyone know what was the problem?

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I had the same problem I am using Euro in my account. I had transfer money to another moneybookers account which has USD. But the problem is he got $5 less from which I had sent. I think they charged the money to convert USD to Euro. Is anyone know what was the problem?

Recent time, Skrill (MB) has begun to charge fee for transfer money between Skrill accounts. I think that's the reason why the amount got deducted $5. And I think you send him about hundred even thousand to cost $5 fee.

About me, I know this time MB charge their client a lot of money but I still see this is the best payment processor. Fast withdrawal, good conversion rate. I'm trading with HotForex and I am using it to withdraw my money. And after too many times without any problem, I decide to use it for several years.

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since the colaps e-Gold, and the latest are LR turn shut down too. this two case cost me much money, all are profit gather from fx trading from several brokers. i took months to recover, based on those bad experience i begin to consider another epayment processor, and one thing important is their regulation, I choose Skrill because it's FCA regulated, now most brokers have a skrill as their payment method. not all brokers offer skrill, as my account with Armada markets supported skrill, fast processed, for years use without any problem when deposit/withdrawing. skrill fee+local bank fee only cost 10USD average, it much cheaper than wire which cost average 30USD.

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  • 8 months later...

Do Epayment have regulatory like any brokers??

I've found some news that Skrill is scam ePayment, because its really easy got disputed with skrill department. This ePayment is not for sell and buy in forex exchange.

I prefer using Okpay when deposit in broker like Liteforex. Here our fee of using Okpay will be given back to us.

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Here is short review about Skrill. We provide exchanges to Skrill at low fees and fasr exchange. You can exchange from many our supported e-currencies. You can exchange here: Changex.com

Skrill

Skrill is an e-commerce business that allows payments and money transfers to be made through the Internet, with a focus on low-cost international money transfers. The activity of payment system is started in 2001.

Skrill does several things to ensure their customers’ safety. This includes:

• Requiring that you scan their passport or another form of ID, as well as show proof of address if customers reach a certain limit.

• Requires you to give a thorough account verification before releasing their funds

• Cash deposits are not allowed.

One of the most substantial advantages of using Skrill’s service is that there is no fee associated with withdrawing funds. Additionally, once money has been sent it will be transferred to the wanted destination right away.

With the advantages of using Skrill and the minimal fees, it is a cost-effective and safe way to send and receive money without giving away your private information.

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  • 10 months later...
On 7/25/2013 at 5:47 AM, nextop said:

Recent time, Skrill (MB) has begun to charge fee for transfer money between Skrill accounts. I think that's the reason why the amount got deducted $5. And I think you send him about hundred even thousand to cost $5 fee.

About me, I know this time MB charge their client a lot of money but I still see this is the best payment processor. Fast withdrawal, good conversion rate. I'm trading with HotForex and I am using it to withdraw my money. And after too many times without any problem, I decide to use it for several years.

You don't have any other options? I don't like the way electronic wallet increase fees, it's not such a good company.

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La vérification du compte bancaire est très facile, vous n'avez besoin que du code SWIFT et de  iTunes Mobdro TutuApp votre numéro de compte bancaire complet. Le compte Moneybookers peut également être facilement ouvert. Parfois, ils ont besoin de la vérification que VOUS EXISTE dans ce monde. Vous devez fournir une copie scannée de votre carte d’identité ou de votre passeport (nom anglais sur une carte authentifiée).

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