Betting using Moneybookers

Published: 29/09/2011

Gone are the days when it was difficult to fund a gaming account with an Internet-based casino, bingo club, poker room or bookmaker. Today there are many methods of making financial transactions.

Unfortunately, some methods that can be used for deposits are not always available for making withdrawals. Others are still limited to a single currency. Also, major credit cards are usually subject to pre-authorization or post-application approvals, which can take up considerable time. That explains why so many users of online gaming services are trusting their transactions to virtual banking options such as Moneybookers.

Founded in 2001 and based in London, England, Moneybookers is a “digital wallet service” that makes it possible to transfer money over the Internet, both to and from some 200 countries and territories worldwide. The company is currently undergoing a makeover and in the future will be known as “Skrill.” Its network will consolidate the functions of Moneybookers Ltd. and Moneybookers USA Inc. under a single brand.

That means more than 19 million account holders will become Skrill customers, with access to some 100,000 merchants use Skrill’s payments service, including global partners such as, Skype and Thomas Cook. The network also includes 1,734 online gaming venues, including 1,613 that use English as their primary language.

Among those sites are most of the major Internet-based casinos, such as Bet365 Casino, 888 Casino, BetFred Casino, Party Casino, EuroGrand and Unibet, to name just a few of the biggest brands. Race and Sports Books that accept Moneybookers include William Hill, SportingBet, SkyBet Sports, Ladbrokes, Expeckt and other top names among bookmakers. For bingo players, Bet365 Bingo and William Hill Bingo head the list, just as Bet365 Poker, PokerStars and Party Poker are leading choices for card players.

One aspect of Moneybookers greatly valued by customers is that provides support in a dozen languages and is supported local payment methods in more than 30 countries. As a simple digital wallet, it allows any client to make online payments conveniently, securely and economically, with no need to reveal personal financial data.

Other attractions of using Moneybookers include a fully integrated worldwide banking network that provides over 100 payment options, with 41 currencies; sophisticated internal risk and fraud management systems; and instant deposits and withdrawals. As a complement to the digital wallet, a Prepaid MasterCard product is also offered for extra flexibility.

Regarding the costs of using Moneybookers, a transparent fee structure is in place, featuring competitive prices. Whether adding money to the eWallet account, depositing funds to a gaming account, or taking money out as a withdrawal, Moneybookers has always sought to offer low-cost options. Funding methods such as Bank Transfer, Maestro, Laser, Mazooma, Sofort, Norda and POLi are free of charge. Funding via Visa, MasterCard, Diners, Amex, Carte Bleue and JCB credit cards incurs a 1.9% fee, while other methods, such as EPS and GiroPay, require surcharges that can vary from 0.7% up to 2.5%, depending on the method used.

The switch in name to Skrill should have no effect whatsoever on the service levels as the transition continues throughout 2011 and into 2012. During the past several months, the company has garnered a number of prestigious business awards, ranging from the “Best Payment System 2011” at the iGB Affiliates Awards to the FST Employee’s Choice Award 2011. With a corporate goal of “changing the world of online payment,” it is likely that Moneybookers will become even better known by its new name in the months ahead.

Published on: 29/09/2011

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