Moneybookers

**maltacruiser** · 23rd March 2007, 05:28 PM

Hi folks, now that neteller is dead in the water, has anyone got experience of using Moneybookers, they have been recommended to me by a mate?

Cheers,

Daz

**cerdikola** · 23rd March 2007, 05:40 PM

Moneybookers is very good. I use it always!

Cheaper fees than Neteller, and assistance is very good.

Just deposit with credit card or local wire transfer (Most countries support it).
Then cash out with speedy check ir wire transfer to your account.

**Rusty** · 23rd March 2007, 05:44 PM

I used to be with Neteller but I had nothing but problems with them.
Many many many problems.
They deserve to go bust and that is all there is to it.
Phew! that off my chest;

I've been with Moneybookers for over a Year now and thus far have had absolutely no problems with them.
Just read up on the charges etc and if you find them favourable then take the usual sensible security precautions when using E-commerce and you should have no problems.

**Swede** · 23rd March 2007, 06:14 PM

Moneybookers is an excellent alternative to Neteller. As said, lower fees, better customer support and swift payouts(everytime and I'm eurotrash extraordinaire) even when it comes to larger amounts.

**3Dice** · 23rd March 2007, 06:18 PM

Not to mention the fact that they take their security serious. They seem to be handling this sensitive matter in a much more professional and punctual way.

After all, you do have to trust them with your money. The only reason you should trust neteller is that their fees are so high they must want the business ..

big thumbs up for moneybookers ..

**winbig** · 23rd March 2007, 06:27 PM

Originally Posted by 3Dice

Not to mention the fact that they take their security serious. They seem to be handling this sensitive matter in a much more professional and punctual way.

I think this is attributed to the fact that they pulled out of the US market long before Neteller was "Forced" to.

**Simmo!** · 23rd March 2007, 06:28 PM

Originally Posted by maltacruiser

Hi folks, now that neteller is dead in the water, has anyone got experience of using Moneybookers, they have been recommended to me by a mate?

Cheers,

Daz

It's not dead in Malta is it?

**wangpoker** · 23rd March 2007, 06:29 PM

If you transfer money with other customers via Moneybookers, your account will be locked. Their response is very slow...

Always be cautions: Moneybookers is less secure than Neteller.

**cerdikola** · 23rd March 2007, 06:34 PM

My moneybookers account was blocked because I wrote my birth date wrong in order to make a cash out. Then I sent them a passport copy and they unlocked it

It is a very safe system!

**3Dice** · 23rd March 2007, 08:00 PM

Originally Posted by wangpoker

Always be cautions: Moneybookers is less secure than Neteller.

Please motivate this statement ..

I'll explain why neteller's "security" system is about as secure as a doorlock on a cabrio.

The biggest problem of all .. is that neteller's api provides in absolutely no (none) control over their own security. Ever noticed how when you make a
deposit .. anywhere .. you enter all your account info on a page served by the reseller ? Whereas moneybookers account info you only enter on the moneybookers site ? .. this means that you give all the info needed to get your money to all the parties where you ever use your neteller account.

If there is a security breach in any of those .. there's nothing neteller can do about it. Whereas with moneybookers. You only have to trust moneybookers. no reseller ever gets your account info .. and its never on the reseller's server .. so even if that gets hacked .. your account info is safe. Their security model begins and ends on their own site, under their control.

But there are more signs on the wall that demonstrate the difference between the approach of both companies. On moneybookers, its a lot more difficult to create an account, and to fund new accounts with other accounts etc. You are regulary prompted to re-enter specific user details etc .. That is not to improve the customer experience .. In contrast .. on the neteller site you can assume a false idenity and get money on it in minutes .. they practically market that (and of course .. take the fee).

And those are just the signs .. lets not forget that netellers "strategy" now caused 1000's of users to no longer have access to their own funds, and still you find people praising them .. they didnt stay on the american market to make a statement or become a hero, they stayed only to take the large fees they take, with no respect whatsoever for the risk they were putting their own customers in.

Once again, big thumbs up for moneybookers.