I have a few question related to moneybookers- In what currency will I receive check from moneybookers in India & has anyone succesfully widthrawn money from moneybookers to an SBI account here? Can I receive payment in US$ if my account currency is INR? And does moneybookers allow shopping cart integration?
Im from India and i withdrawn funds directly to my ICICI bank account. it worked perfectly. I dont know about shopping cart intergration.
local payment is not supported with Bank wire transfer in India from moneybookers.So they would be sending funds in probably US$.I want to confirm bcz my SBI account earlier denied to deposit funds in US$ through wire transfer.And are u sure icici bank savings account accept incoming US$?
According to my knowledge, Moneybookers does not process checks but they send a wire transfer to your account, When you submit a withdrawal request from your dollar account of Moneybookers, Moneybookers team would process your withdrawal request in dollars and send the same to your Indian bank account (SBI, ICICI, HDFC, AXIS BANK etc) , On receipt of the wire transfer by your bank in India, They will automatically convert the received dollar amount into Indian rupees and credit your account with the same.
When SBI has denied funds received from Moneybookers, You can lodge a protest with the bank authorities and Reserve bank of India, No bank will deny the wired amount from being credited into your bank account unless the details of the wire transfer are not matching with your bank account details, Example : There is a difference in the name sent by Moneybookers and the name on record with your bank