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Moneybookers to stop US payments

Discussion in 'Payment Processing' started by DarkBrothers, Nov 18, 2008.

  1. #1
    I just saw this when logging into Moneybookers today:

    Warning

    IMPORTANT NOTICE

    We regret to inform you that with effect from November 19, 2008, payments between US customers, and US customers and international customers using the Send Money service are not supported.
    SEMrush
    We apologise for any inconvenience caused.
     
    DarkBrothers, Nov 18, 2008 IP
    SEMrush
  2. sami1255

    sami1255 Well-Known Member

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    #2
    you gotta be kidding? if thats the case these morons should rather quit the business..
     
    sami1255, Nov 18, 2008 IP
  3. gr8liverpoolfan

    gr8liverpoolfan Notable Member

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    #3
    So people from the US can use Moneybookers only for receiving ?

    Is the option stopped for all kinds of payments, or merely those related to gambling transactions ?

    If it is the former, it is a surprising decision.
     
    gr8liverpoolfan, Nov 18, 2008 IP
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  4. budfox

    budfox Peon

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    #4
    Moneybookers rocks. Good luck finding another payment system that accepts all the obscure European debit cards like they do. MB is now a good solid financial company.

    All that is changing is U.S. customers will not be able to transfer to each other direct payments. This doesn't affect merchants and I can't say I blame them for this restriction.
     
    budfox, Nov 18, 2008 IP
  5. mentos

    mentos Prominent Member

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    #5
    Too bad,i just verified my account for biz purposes.
    Then this thing happed
    Why they do this?
    I think this is temporary step to deal with economic downturn.
    Hope they will accept US payment soon coz 90% of my client is paying me using MB
     
    mentos, Nov 18, 2008 IP
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  6. mcfox

    mcfox Wind Maker

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    #6
    I'm really surprised by this move. Still, MB is still useful for some stuff.
     
    mcfox, Nov 19, 2008 IP
  7. dura_killer

    dura_killer Peon

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    #7
    Itts bcz of the Us govt passed legislator in 2007 that most of payment processors are limiting US customers, same limits applied by Neteller also
     
    dura_killer, Nov 19, 2008 IP
  8. mcfox

    mcfox Wind Maker

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    #8
    What do you mean?
     
    mcfox, Nov 19, 2008 IP
  9. RightMan

    RightMan Notable Member

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    #9
    MB had just started to look like a good alternative to paypal...and suddenly this news surfaces....:(

    I hope it is just a temporary thing...

    Regards,

    RightMan
     
    RightMan, Nov 19, 2008 IP
  10. dura_killer

    dura_killer Peon

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    #10
    US govt passed some Legislator in 2007 bcz of bad economic conditions which applies to most of online payment processors.
     
    dura_killer, Nov 19, 2008 IP
  11. venturefox

    venturefox Notable Member

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    #11
    I'd say its either anti-money laundering or anti-gambling laws. The authorities must have seen they are now quite a large payment services company and they probably don't have all the advanced fraud detection stuff like Paypal do. It wouldnt surprise me if Paypal is tipping the law off to all these smaller payment processors in order to keep it's market share. It's nothing to do with "bad economic conditions".
     
    venturefox, Nov 19, 2008 IP
  12. mcfox

    mcfox Wind Maker

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    #12
    Moneybookers is run by a UK bank so it's not like it's a small outfit. It may not be particularly well known but it is 100% legit.
     
    mcfox, Nov 19, 2008 IP
  13. venturefox

    venturefox Notable Member

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    #13
    I'm sure it is legitimate, that's not to say people wont abuse it and use it to commit fraud or other bad activities. It's great to offer an alternative online payment processor but you must have the resources to make sure every transaction is legal too.
     
    venturefox, Nov 19, 2008 IP
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  14. DarkBrothers

    DarkBrothers Active Member

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    #14
    First Ikobo suspends operations this month, and now Moneybookers restricts US users. They won't last long doing that IMO, the US market is not something you can just shut off and expect to thrive.

    Well we still have Epassporte, Payoneer, Paypal and Alertpay. Just another example of why we should have multiple payment systems - nobody is immune.
     
    DarkBrothers, Nov 19, 2008 IP
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  15. Axel1975

    Axel1975 Banned

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    #15
    If MB is indeed shutting U.S. Payment's you can bet your shiny butt that they are under investigation from the Justice Dept. None of you remember Neteller? MoneyBookers have been providing their services to online gaming and I am guessing they will cease to exist very soon!

    My advice is to request payment of all your funds asap. I got stuck with $6.500 for over a YEAR when Neteller closed their U.S. accounts!
     
    Axel1975, Nov 19, 2008 IP
  16. MakerViet

    MakerViet Peon

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    #16
    Me too, I use fund to Betting account, but same
     
    MakerViet, Nov 19, 2008 IP
  17. SUB

    SUB Well-Known Member

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    #17
    This is indeed terrbile news, i now have to rely on cheques

    OMG:(
     
    SUB, Nov 19, 2008 IP
  18. Essociate

    Essociate Peon

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    #18
    interesting news. where one door closes, another opens...
     
    Essociate, Nov 19, 2008 IP
  19. mcfox

    mcfox Wind Maker

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    #19
    Actually, no, I don't remember Neteller. What happened? Got a link that explains it clearly? I had a quick look on Google but didn't see anything obvious.
     
    mcfox, Nov 20, 2008 IP
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  20. Meph

    Meph Peon

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    #20
    Any updates to this topic? Sounds interesting, always liked moneybookers as they are a very safe alternative of paypal for sellers as buyers cannot use fake CC or do chargebacks though the downside is scammers love them due to no chargebacks!
     
    Meph, Nov 27, 2008 IP