Moneybookers is an online payment processor, which customers can use to send and receive money through email addresses and pay for goods and services online. The system is popular, safe, quick, reliable, and affordable; moreover, it is one of the largest online payment processor and eWallet system in the world with a presence in almost all countries around the globe.
How it Works
Customers who wish to use Moneybookers need to first register an account by filling in a simple online registration form. Next, they must fund their new Moneybookers account using any of the payment options supported by Moneybookers. Customers can use a wide range of payment options such as bank transfer, credit/debit cards, and others to fund their Moneybookers accounts. Once they have funded their accounts, they can send money to anybody who has an email address.
Customers can also receive money from anybody as long as they provide the email address with which they registered their Moneybookers account. The money sent will be instantly credited to their accounts. Customers can easily transfer the money from their Moneybookers account to their online gaming accounts and then withdraw winnings from their casino accounts back to their Moneybookers accounts. They can then withdraw their winnings to their bank accounts.
Advantages and Disadvantages
Online casino players can rest assured that Moneybookers is one of the safest and most secure way to fund their online gaming accounts. Moneybookers eliminates the need to divulge sensitive financial details and is, therefore, ideal for players who are averse to revealing their financial details while funding their online casino accounts. However, players are required to input their credit/debit card details while funding their Moneybookers accounts; and they can rest assured that their financial details are safe at the online payment processor.
Moneybookers is also convenient because customers only need an email address to send payments. Since cash transfers via Moneybookers are quick, customers do not need to wait long before they see their funds in their accounts. Besides, the popularity of Moneybookers is on the rise, which greatly enhances its reliability. Since the online payment processor has established an international presence, customers can send and receive money via Moneybookers from many parts of the world. Another great feature of Moneybookers is that it can be used to send payments even to recipients who do not have a Moneybookers account. Moneybookers transfers the cash and instructs the recipients to register for free and claim the payment.
However, players can choose only one currency in which they can use their Moneybookers account. The system prevents the use of exchangers and withdrawal options for people residing in some countries are very limited. Moneybookers is not available in Cuba, Afghanistan, Myanmar, North Korea, Nigeria, and Sudan.
Using Moneybookers at Online Casinos
Moneybookers is one of the most popular ways of funding one’s online casino account; and almost all prominent online casinos in the industry accept Moneybookers as a payment option. Online casino players will find that making deposits and withdrawing winnings using Moneybookers is absolutely free of charge. If players choose Moneybookers as they payment option, they will find no dearth of online casinos, poker sites, and online sportsbooks that support Moneybookers as a payment and withdrawal option. Some of these gaming sites also offer players a bonus for using Moneybookers as their payment option.
Online casino players, who wish to use Moneybookers, must first head over to their online casino cashier and choose Moneybookers as their payment option. They then need to input their Moneybooker account details, after which they will be directed to their Moneybookers accounts from where they can complete the monetary transaction. The entire process is free, quick, and instantaneous. Players can view the funds in their online casino accounts almost instantly and can get into the online gambling action without further delay. Depending on the casino policy, they might even get a bonus for using Moneybookers as their payment option.