Moneybookers Withdrawal (bank Wire), India And Rbi

^^ But their conversion rates are always market rates unlike Bank rates or Paypal rates who decide using an average. If you compare it, Moneybooker's exchange rate is by far the best and most benefiting.

Also, I am not sure when you last used it or if its a problem with your account or such, but I always get the money as shown in my MB acc in my bank aswell with only hardly 100-300 Rs. fees per 5k INR

 

I last used them 1 year back and I left mb since I hate them.

 

ah well cant say about that since then, as I am using them since almost 1.5 years now and so my exp. is based off that

 

Let me try to do it now and see what happens.

 

I have a question regarding to moneybookers for those that do use it. Does moneybookers support Netherlandse Antiless? As in am I able to withdraw my funds to credit card? Or that's not possible for my area.

Because with paypal I am not able to withdraw cash, but only send cash so...yeah...Thanks for clarifying my question.

 

^^ Moneybookers uses bankwire/wire transfer rather then local bank transfers or EFT like paypal so I think MB's withdrawal works worldwide regardless of which country you are as long as the country itself isnt supported by MB overall.

I dont think you can withdraw to your CC though, I have only seen bank withdraw

 

Same issue with HDFC as well, at least they called me and transferred asap !!!
Wonder if this rule is also applied to international banks in india as well ?

 

Chebus yours was also current account ?

I did a bank wire to my personal Axis Bank acc of $430 from MB withdrawal, not only did I got the money the next day itself (took 32 hours) but also got without any hold or documentation.

Its only happening for current account for me

 

@ shubhank008, I have also an Savings Account in Axis Bank (India) But My Branch Does not Have a Swift Code. I want to know that Does Your Branch has Swift Code, If Not then which swift code you use for bank wire. Kindly Advise me.

 

Nope my bank doesnt have any SWIFT aswell, I use SWIFT code of the Head branch in Ghaziabad
You can use SWIFT code of any of your nearest Axis Bank branch

Search for nearest or head branch of your city here
http://swiftcode.a1feeds.com/India/

 

Thanks for your info

 

Hi, shubhank008. My one more question to you. I have create a Business account with Moneybookers. But I mange it as Individual or sole proprietorship. Can I verify My account by submitting documents like Scanned copy of My Pan Card (For Id Proof) & My Bank Statement ( for address proof). Kindly suggest me. Because to Remove Reserved amount from My account, I have to submit documents.

 

Might not be possible, as when we applied for Moneybookers Buisness Account and merchant status (direct CC payment acceptance), we applied as a Pvt Ltd company and then also we had to go through a lengthy verification (which I say is very good to keep the service professional) and after having 1 year of high payment transfers monthly, now our reserve has come down to 10 days hold.

I say you contact moneybookers directly regarding it but its very unlikely they will reduce reserve hold time for sole owners.

 

Now, When I apply for Their Merchant Services for Accepting Credit Card Payments from My Website, Strangly They Replied That They Currently Not Activate this option for me, Because Their are Thousands of Request for Merchant Services. Really a Strange Answer. They Did not Provide a Valid Reason for Unapproval.