I just joined Moneybrookers and I was wandering who it helps? Paypal helps the buyer. eGold helps the seller. so what about Moneybrookers?
MoneyBookers didn't help any if you ask me.. basically they like to pocket funds and are very very strict with the rules
E-Gold transactions are final and the buyer have 0% protection if the seller does not fulfil his side of the bargain. Basically when you pay, you just got to hope and pray the seller give you when you bought. E-Gold is anonymous so anyone can sign up for an account with verification or even a real name, this allows for total secrecy. With paypal, there is the resolution center which you can raise a dispute if the buyer does not fulfil his side of the deal. He will need to then prove beyond a shadow of a doubt that he is honest in his dealings and complies with the terms of the contract otherwise the buyer will win the case and get the prospect of his money back. Paypal requires you to verify your identity so requires transparency in the transaction.
I believe moneybookers treat both buyer and seller more equally comapred to paypal or egold where they both lean to the advantage of either the buyer or seller.
I like Money Bookers very much because it is very simple and clear.and also because it is accepted all over the world.
Well, if you look at Moneybookers FAQ, you realized that like e-gold, once a transaction is made, there is no recourse which means you cannot get the money back. http://www.moneybookers.com/app/faq.pl?gid=2&qid=205 For the most parts, Moneybookers require you to fund the account and then use the balance to make payments. By doing so, it could avoid all the banking regulations relating to customer protection like in the case of a chargeback on a credit card. This is reinforced by the terms http://www.moneybookers.com/app/help.pl?s=terms So in short, moneybookers is similiar to e-gold in this respect and protects the seller and not the buyer.
Seller have no way to know if a payment comes from a hacked account. Moneybookers wont protect seller if a buyer send him money from a hacked account. Means it is unsafe and unsecured payment method. If it happens to you they lock and close your account. You will be banned and have no chance to get your account back. Every payment method that are using credit card funds are unsafe. Nio
In the end, I would agree with you that it all depends on the people you deal with. If you target your customer based from DP then do expect some level of frauds but if you deal with corporate customers then you should see less of that happening. Credit Card is secured provided they are not stolen. I guess it is important that when you receive a sale, it be nice if you can go through the sales before you approve it, this way you can reduce the risk of frauds.
Moneybookers help the sellers, though it can even reverse a transaction once a legal action/proof has been provided becuase MoneyBookers, even is not above Law.