1. Advertising
    y u no do it?

    Advertising (learn more)

    Advertise virtually anything here, with CPM banner ads, CPM email ads and CPC contextual links. You can target relevant areas of the site and show ads based on geographical location of the user if you wish.

    Starts at just $1 per CPM or $0.10 per CPC.

Moneybookers eating money

Discussion in 'Payment Processing' started by shriti, Feb 18, 2010.

  1. #1
    Hi There,

    Does any one of you who request withdraw from moneybookers from directly to your bank account ever checked that account statements of your bank ?

    I request to withdraw 50,000 INR from moneybookers and received on only 47,000 INR. I checked my old moneybookers statement and compared it with my online moneybookers account and found similar issue with other apst transaction too.

    Do you also face this issue with them ?
     
    shriti, Feb 18, 2010 IP
  2. kotakmanoj

    kotakmanoj Peon

    Messages:
    343
    Likes Received:
    3
    Best Answers:
    0
    Trophy Points:
    0
    #2
    Hi,

    That happens because they take some fees on it and they also write about it when you try to withdraw. I am using Moneybookers for my daily transaction and it works fine for me.
     
    kotakmanoj, Feb 18, 2010 IP
  3. Bohra

    Bohra Prominent Member

    Messages:
    12,573
    Likes Received:
    537
    Best Answers:
    0
    Trophy Points:
    310
    #3
    how much time does moneybookers bank wire take ??
     
    Bohra, Feb 18, 2010 IP
  4. shriti

    shriti Well-Known Member

    Messages:
    219
    Likes Received:
    2
    Best Answers:
    0
    Trophy Points:
    118
    #4
    They already deducted fees 113 INR from current account balance. I had

    69,330 in my account
    I request to withdraw 50,000
    then my remaining balance was 19,330
    After that they deducted there fees 113 INR

    and I only got 47,000 in my bank account. 3000 rs less
     
    shriti, Feb 18, 2010 IP
  5. shriti

    shriti Well-Known Member

    Messages:
    219
    Likes Received:
    2
    Best Answers:
    0
    Trophy Points:
    118
    #5
    I requested a withdraw on 16th and I got payment in my account on 18th. Strange thing is they have done this all past transaction done last year too.
     
    shriti, Feb 18, 2010 IP
  6. Bohra

    Bohra Prominent Member

    Messages:
    12,573
    Likes Received:
    537
    Best Answers:
    0
    Trophy Points:
    310
    #6
    Oh well atleast you got your funds.. so how much fees do they actually charge legally ?
     
    Bohra, Feb 18, 2010 IP
  7. shriti

    shriti Well-Known Member

    Messages:
    219
    Likes Received:
    2
    Best Answers:
    0
    Trophy Points:
    118
    #7
    I requested a withdraw on 16th and I got payment in my account on 18th. Strange thing is they have done this all past transaction done last year too.
     
    shriti, Feb 18, 2010 IP
  8. shriti

    shriti Well-Known Member

    Messages:
    219
    Likes Received:
    2
    Best Answers:
    0
    Trophy Points:
    118
    #8
    They charged 113 INR legally , I just checked on there website they send all money to banks in Euro, and my ICICI bank statement shows that they sent EUR 774, which is quite less to actual rates and on the same hand bank also charged wire transfer charges.

    So, IN total I paid approx 3000 fees/charges in 50,000 transaction which comes out to be 6%

    I don't think using moneybookers is good decision now, because they are indirectly charging 6%
     
    shriti, Feb 18, 2010 IP
  9. david.michael

    david.michael Active Member

    Messages:
    523
    Likes Received:
    4
    Best Answers:
    0
    Trophy Points:
    60
    #9
    YEs they charge 10% fees which is bad
     
    david.michael, Feb 19, 2010 IP
  10. tempegoreng

    tempegoreng Member

    Messages:
    306
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    40
    #10
    10% ?, that crazy! ... just sitting on their hot chair and get money :( (i never use moneybroker and i won't use that if you say like that)
     
    tempegoreng, Feb 19, 2010 IP
  11. SuperWebcoder

    SuperWebcoder Peon

    Messages:
    29
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    0
    #11
    I think moneybookers eating money too , their customer care is confused too when you ask them about withdrawign money
     
    SuperWebcoder, Feb 19, 2010 IP
  12. wmghori

    wmghori Well-Known Member

    Messages:
    1,061
    Likes Received:
    14
    Best Answers:
    0
    Trophy Points:
    160
    #12
    Culprit is your bank not moneybookers. They only charge 112.96 INR or 1.80 euro as mentioned on their website for bank transfer. Wire transfer is initiated as "receiving party pay" the charges. Your bank deduct the service charges from the transfered amount.
     
    Last edited: Feb 19, 2010
    wmghori, Feb 19, 2010 IP
    newbie191 likes this.
  13. designs102

    designs102 Peon

    Messages:
    65
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    0
    #13
    Moneybookers fee is very low...and they dont charge 10% on withdrawal...if they do so 100 dollars will be deducted if we withdraw 1000 dollars....its not possible better to get details from moneybookers site.... As i am also using moneybookers for 3 months they take almost fee of 2 dollars on withdrawal of 300 dollars...There may be some other issue...you better talk to moneybookers
     
    designs102, Feb 19, 2010 IP
  14. abdulrehman940

    abdulrehman940 Active Member

    Messages:
    600
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    55
    #14
    MoneyBooker withdraw charges is only 1.8 euro, some banks deducted money for wire transfer, it happened with me 2 times, then i changed my bank, now i get accurate money :)
     
    abdulrehman940, Feb 19, 2010 IP
  15. contbd

    contbd Active Member

    Messages:
    27
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    86
    #15
    I am from Bangladesh and faced same problem , I thought moneybookers is the culprit, but later when I got my SWIFT paper copy , I observed it and saw that moneybookers sent correct amount but a medium bank used to transfer fund to Bangladesh (my one was AEX) deducted $36. I transferred money several times, my medium bank charges $36 all time regardless of amount transferred. For example for $720 and $1790 they charged same amount($36). Please make sure how much your bank charging , is it %x of total money or $xx fixed amount.

    Thanks.
     
    contbd, Feb 20, 2010 IP
  16. jatin17

    jatin17 Peon

    Messages:
    176
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    0
    #16
    to every indian using indian currency on MB plz stop doing it .
    they charge a hell wen u widraw INR.

    i have indian accnt with $ currency and my widraws gimme a good 45.6 INR exchange rate in my last widraw.
    i have seen many people having same issue as urs.
    try out with $ accnt and u wont face any problem.
     
    jatin17, Feb 20, 2010 IP
  17. olddocks

    olddocks Notable Member

    Messages:
    3,275
    Likes Received:
    165
    Best Answers:
    0
    Trophy Points:
    215
    #17
    do you know most indian banks take as much as $30 to $50 as fee to process incoming wire transfer from MB. Plus there are fx and service charges.
     
    olddocks, Feb 20, 2010 IP
  18. omarabid

    omarabid Well-Known Member

    Messages:
    1,509
    Likes Received:
    13
    Best Answers:
    0
    Trophy Points:
    130
    #18
    both moneybookers and your bank takes fees for the transaction. Come on, there's nothing free.
     
    omarabid, Feb 20, 2010 IP
  19. niroshana35

    niroshana35 Well-Known Member

    Messages:
    316
    Likes Received:
    11
    Best Answers:
    0
    Trophy Points:
    138
    #19
    Isn't there any other good alternative to moneybrokers that support most countrys around the world and charges fair fees ?.
     
    niroshana35, Mar 10, 2010 IP
  20. sweatlana

    sweatlana Well-Known Member

    Messages:
    2,086
    Likes Received:
    10
    Best Answers:
    0
    Trophy Points:
    180
    #20
    This happened with you because Moneybooker charge the fees for withdrawal to our bank account.
     
    sweatlana, Mar 11, 2010 IP