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What is Moneybookers - Online Money Transaction

The moneybookers.com domain was registered at 2001. Moneybookers operates in all countries and has over 3.6 million accounts.

Moneybookers is an e-commerce business that allows payments and money transfers over Internet. It is an electronic alternative to traditional paper methods. Moneybookers performs payment processing for websites, online auction sites, and other corporate users.

Unlike many competing online fund transfer services, Moneybookers requires identity verification before using their service to minimize fraud and prevent money laundering. Additional verification steps raise the maximum amount transferable to €20,000 or equivalent within a 90-day period. Moneybookers does not usually get involved in merchandise disputes and the availability of credit card chargebacks may be limited.

Moneybookers allows customers to send, receive and hold funds in 29 currencies worldwide. Moneybookers also offers escrow-payments as well as SMS- and FAX-service over the Internet. Moneybookers charges its fees directly to the sender of the payment, and not the recipient. The seller receives the full amount owed to him.

Moneybookers is registered as a Money Service Business in the United Kingdom, and is licenced to operate within the EU.

 

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