Moneybookers Payments

Moneybookers is an online payment option that is based out of the UK and is similar to Paypal. You can pay someone online by funding your account with a credit card or bank account and when you’re paid this way, you can also transfer the funds back to your bank account.

The only difference is, you cannot instruct Moneybookers to take the funds from your bank. You must instruct your bank to send the money to Moneybookers, similar to a bank wire.

It takes about 2-4 days to complete this transaction and there is no INSTANT feature like the one Paypal and Neteller have. There is a fee of 2.5% to upload money from a credit card but no fees other then what your bank charges to send Moneybookers the funds.

Please keep in mind that you CANNOT fund your Moneybookers account via a MasterCard and then send the money to a casino because they won’t allow it. If you intend on using the funds for gambling online, you MUST do a wire transfer from your bank to Moneybookers.

There is a warning on the Moneybookers website that says:
Please note that money which was deposited via MasterCard cannot be used to deposit money to a gaming website later on (e.g. casino or betting). If you intend to use a website offering gaming services, please send us a bank transfer.

This may deter some from using Moneybookers for online gaming but if you get paid from a casino to Moneybookers, you can easily transfer this amount to your bank account. This isn’t a very flexible deposit option for most as there is a fee as well to withdraw the money back to your bank.

Playtech casinos and some Microgaming casinos accept this method of deposit.