Has anyone tried moneybookers in India? Some folks say that is slower than PayPal but the process is much neater and issue-free. Is that true? And yes, I see a lot of comments about PayPal not entertaining requests for canceling the withdrawal, can someone update me on that? THX!!!!!!!!!!!!!!!!
I have a moneybookers account. But I cant find any option for merchant services. How to activate it? Anyone any idea?
I'm using moneybookers their currency very low to compare paypal. But their transaction will take minimum 10 days. MB is a better alternative for Paypal.
The main issue is not the currency conversion rates, but reach of moneybookers. Unless both parties have an account with moneybookers, a transaction can't be done. That's the primary reason why almost everyone uses Paypal.
^ They send money through Wire Transfer and charges about Rs 120 and on receiving the money, the bank also will charge you some amount.
Yeah, first of all they charge $2.45 when you withdraw your money on any bank accounts or cards, and if your having a bank account then the bank will charge it's conversion fees!
well I'm with Moneybookers from past 2+ years and yes they were good but starting from 2010 some intermediary banks started charging $15 per bank withdrawal to Indian banks. Also if you are doing business via your Moneybookers accounts ie. getting payments then if they get caught you they ll impose merchants account on you. as they did with me. Merchants accounts have some kind of facilities but they charge 1.90%+.29 Euro per transaction. Hope it helps.