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MONEYBOOKERS REVIEW

Sending Money with Moneybookers

Moneybookers enables any business or consumer to securely and cost-effectively send and receive payments online with his email address ­ in real-time! Moneybookers delivers a product ideally suited for small businesses, online merchants, individuals and others currently underserved by traditional payment mechanisms. As a truly global payment solution, Moneybookers welcomes customers from all over the world.

How to send money with Moneybookers

Step 1: A customer wants to pay for a product at DEMO-SHOP.COM. As soon as the customer has completed his shopping selection, he proceeds by selecting the checkout option provided by the merchant web site.

Step 2: On the DEMO-SHOP.COM checkout page, the customer indicates that he wishes to pay with Moneybookers. This page should present the total amount that the merchant wishes to be paid, and can be given in various currencies. If the customer agrees to pay the merchant the specified amount, he clicks on the pay button.

Step 3: After clicking on the button, the customer's browser opens the Moneybookers gateway page - hosted on Moneybookers servers and secured by 128bit SSL encryption. The customer can now pay for the transaction via the following payment options:
  • Option 1 - The customer can pay DEMO-SHOP.COM instantly via credit/debit card, direct debit or bank transfer.
  • Option 2 - The customer can pay the merchant via offline bank transfer. Domestic payments are supported in over 200 countries. A unique transaction ID will ensure that the payment can be tracked to the specific purchase at DEMO-SHOP.COM. This option is very convenient for customers who do not have a Moneybookers account yet.
  • Option 3 - If the customer already has a Moneybookers account, he can pay directly from his Moneybookers balance and confirm the transaction with his Moneybookers login credentials.
Step 4: After the customer has viewed the payment result page, he is redirected to DEMO-SHOP.COM. The shopping process is completed and DEMO-SHOP.COM can now process the order of the customer.

 

    
   

Minimum Transfer

£10

Transaction cost

depends on currency

Commission charge

depends on currency

Margin rate

1.99% interbank rate

Transfer timescales

Same day on most major currencies

Any restrictions

No cash

Transfer options

Online
back button

Compare before you transfer

Before using a money transfer provider, You are advised to compare various companies that are available in the market. As a matter of fact, each foreign currency provider has its own terms and conditions and one should pick the one that meets thier need the best. One can take the help by seeing the various reviews conducted. There are some popular money transfer companies such as Moneycorp and Torfx.

The Moneycorp currency cards are ideal for those people who need to go abroad and spend frequently. These are cheaper than using the UK credit cards or debit cards plus it is a free prepaid card.

Did you find this information useful? If so add us to your favourites and receive the cheapest ways doing a money transfer abroad, search for more updates every time you visit this site.

Registered Company Name: Moneycorp Limited. Registered in England & Wales, Number: 738837.
HM Revenue & Customs Certificate of Registration for Money Laundering Regulation, its VAT registration number is 897 3934 54. .

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