Moneybookers – What it is and How it Works

Introduction

Moneybookers, also known as Skrill, is an online payment and money transfer platform. It enables its users to pay, send, and receive money in a fast, secure and easy way. Founded in 2001, it has become one of the most popular online payment methods across the globe, with over 30 million active users.

How to Create a Moneybookers Account

To start using Moneybookers, you need to create an account. It is a simple process that involves visiting their website and signing up. Follow the steps below:

1. Go to the Moneybookers website and click on the "Sign Up" button.
2. Enter your personal details, including your name, email address, and password.
3. Choose your country and preferred currency, then click on "Next".
4. Enter your address and phone number, then click on "Register".
5. You will receive a confirmation email with a link to activate your account. Click on the link to start using your Moneybookers account.

How to Deposit Funds into Your Moneybookers Account

Once your account is activated, you can deposit funds into it. Moneybookers allows you to add money to your account through various methods, including bank transfer, credit/debit card, and Bitcoin. Here is how you can deposit funds:

1. Log into your Moneybookers account and click on "Balance".
2. Select the option to add funds, then choose your preferred deposit method.
3. Enter the amount you wish to deposit, then follow the remaining steps to complete the process.

How to Use Moneybookers

Using Moneybookers is straightforward. You can send and receive money by following these steps:

1. Log into your Moneybookers account and click on "Send Money".
2. Enter the email address or phone number of the person you want to send money to, along with the amount and any relevant notes.
3. Click on "Send Money" to complete the transaction.
4. To receive money, simply provide the sender with your Moneybookers email address or phone number, and the money will be transferred to your account.

Benefits of Using Moneybookers

Moneybookers offers several advantages over other online payment methods. Some of the benefits include:

• Fast and secure transactions
• Low fees compared to traditional banks
• Global reach – Moneybookers supports over 40 currencies and over 100 countries
• Multiple funding options – users can deposit funds using bank transfers, cards, and even cryptocurrency
• Great customer support

Is Moneybookers Safe to Use?

Yes, Moneybookers is a safe and reliable online payment method. It employs robust security measures to protect its users' data and transactions, including SSL encryption and two-factor authentication. Furthermore, Moneybookers is regulated by the Financial Conduct Authority (FCA) in the UK, which ensures that it adheres to strict legal and regulatory standards.

Conclusion

In summary, Moneybookers (Skrill) is a popular online payment platform that enables fast, secure and convenient money transfers. It offers several advantages over traditional banks and other online payment methods, including low fees, global reach, and multiple funding options. Moreover, it is safe and regulated by the FCA, making it a reliable option for online transactions.

FAQs

1. Is Moneybookers the same as Skrill?

Yes, Moneybookers was rebranded as Skrill in 2013.

2. What fees does Moneybookers charge?

Moneybookers charges a fee of 1.45% for transfers within the EU, and between 2.99% and 4.99% for transfers outside the EU.

3. How long does it take to receive money through Moneybookers?

Transfers through Moneybookers are usually instant or take up to 24 hours, depending on the recipient's bank or country.

4. Can I use Moneybookers for online shopping?

Yes, Moneybookers can be used to make payments for online shopping and services.

5. What happens if I forget my Moneybookers password?

You can reset your Moneybookers password by clicking on the "Forgot your password?" link on the login page and following the prompts.