Check this out. It can accept cc + be accessed by most countries

Yes, I'm doing that right now. So far they seem pretty good. Painless and minimum information to get started and they set a limit on transaction of about EURO 1K by default.

And they're cool, no chargebacks whatsoever, and Credit Card fees is the responsibility of the sender of funds, clean cut transactions for cross-border transactions. They also offer escrow facilities.

That's when you find out your status is unverified and getting this sorted out, well they accept email of scan copies of identification and utility bills. I think they're most practical, at least so far. But as with most providers of this nature, they also seem secretive of how they handle currencies and other issues.

I had sent email to clarify how currency conversions are handled, so far no reply. Meanwhile if you're signing up, be careful of the base currency you specify as this will be the default currency for your account, espeecially if you intend to do international transactions, and want the currency other than your own local currency. Not sure if that can be changed, gonna try later into this process.

I had a real issue with IKOBO, when after signing up, I was ssuspended within few hours for verification, which they rejected even after I faxed over to them.

SO far MoneyBookers seem okay, waiting for the status verification results now.

Any of you people intending to sign-up , please use this link here https://www.moneybookers.com maybe I'll get something.

<<CL Note: Referral Links are not allowed on WHT>>

They are very good, we use them. We are verified and the merchant account was free to join and setup ie we pick up the cc percent charge.

This is the first payment solution I've across that's truly catering to an international audience. Being from malaysia, I could not sign up with PayPal, and IKOBO was a wasted effort. WorldPay seems good, but from my initial findings, they too (as most providers) have many hidden rules and regulations.

www.moneybookers.com is truly amazing. It's great for someone wanting a try-out to start with, avoiding huge cash outlay etc especially if you're located outside of the usual EU, American countries.

They're fast to respond, and I got verified almost instantly (well had to wait for them to start work, we're 8 hrs ahead). Even the queries I sent, got replied quite quickly and pretty much what I had sought to clarify.

Still would like to hear some feedback on actual usage. I got a transaction about US$1K coming up, and was wondering if it's safe to deal with them. From what I recall, IKOBO had it hidden in their fine-print of some 'with-holding' clause. I sure hope there's none at MoneyBookers.com. I would tend to believe there's none, because they've insulated themselves from chargebacks for most of the cases. Chargebacks and fraud is really the major concern.

However, I was made to read a disclaimer about their liability should they fold. It's optional but a pre-condition to being verified. I guess it's acceptable at this stage, don't keep too much funds parked with them.

Their rates are the lowest i've come across, especially for international transfers to local bank accounts.

A high score so far.

Looks very nice ;) but...

Imagine: you want to pay me $5... or even $10 for a simple php script ;)
You know that I have moneybookers (MB) account only, but you don't have one.
You going to get one, and for starting payments from your new MB account you have to upload some money to your account.
BUT if you choosed CC payment method, you have to:

[From MB]

(i) the front and back of the credit card; AND
(ii) recent credit card statement signed by the credit card owner (purchase or ATM advice slips cannot be accepted);AND
(iii) valid official identification document with picture (such as ID card, passport or driver's license).
[END From MB]

Somebody still want to pay me?
:D

thats because most of the people are scammers, they steal some oes credit card number and pay. If you think MB is so strict, so is Paypal, the difference is they just chargeback. Hope you know this :)

Yep, I agree it may seem quite obstructive at first, but I think the procedure applies the first time only, where subsequent payments using credit cards using the same parameters will require little verification.

I also had to endure this same thing when signing up with my hosting company, after which it's been smooth sailing.

The important feature is that MB can offer 100% protection against CC chargebacks. While this in itself can work against the selling party, I've heard of many people having been hit by fraud and chargebacks up to forcing them to close shop.

In using the traditional avenues for accepting payments using Credit Cards, I believe you really have to have a wide coverage and higher volume to cover for the charge-backs. This makes smaller operations quite risky especially for physical merchandise.

Moreover, MB also covers many of the countries not served by other providers like PayPal and to a certain extend IKOBO. In the case of IKOBO, as I found out, signing up was no issue only to find my account suspended 2 hours into it's lifespan. They requested photostat verification to be faxed over, and even then declined. They literally have red flags up for some countries and like myself, MB is one service which works.

Hy. I am also from malaysia and I agree that signing up with paypol or worldpal it's a waste of time. But I signed up with Kobo and I must tell you that it's really an amazing service. Opening an account at iKobo was very easy and I must tell you that they heave the lowest rates that I ever seen and also there is no fee for multicurrency and no fee for
intercountry transfers. Moreover iKobo.com covers for more than 170 countries so you don't have to worry about the place you can send your money. Other competitors don't match that. I tried to open an account at moneyboikers and got frozen so I quickly gave up with them. When using iKobo you receive an i-Kard which is a debit card from which you can withdraw your money very easily.So my experience tells me to guide you to iKobo.com. But i suggest that you should visit their website to learn whether it can suit your need or not.

Originally posted by jetzkr8
Yep, I agree it may seem quite obstructive at first, but I think the procedure applies the first time only, where subsequent payments using credit cards using the same parameters will require little verification.

I also had to endure this same thing when signing up with my hosting company, after which it's been smooth sailing.

As for hosting - you have to pay _every month, etc.
But I plan to sell PHP scripts and programming services. Most of the peoples won't to pay twice for the same program ;)

And most of them don't want to scan/send their card and documents copy just for one-time bying small script for $15, is'nt it?

Moreover, MB also covers many of the countries not served by other providers like PayPal and to a certain extend IKOBO. In the case of IKOBO, as I found out, signing up was no issue only to find my account suspended 2 hours into it's lifespan. They requested photostat verification to be faxed over, and even then declined. They literally have red flags up for some countries and like myself, MB is one service which works.

Both my MB and Ikobo new accounts are still alive :)

And my country served by MB and Ikobo too.

The problem is that Ikobo is a new and untrasted company - some peoples won't to pay me with Ikobo :(

I would not place too much trust on these companies. They can go bust anytime, along with your money.

For payment treansactions involving small amounts, I think there is a new development in area of 'micro-payments' where they have catered to the needs of this niche market. But it's still new and may take time to develop.

I'm not sure but I think the need to scan one's identity only refers to the first time when opening account. Payments afterwards using the same credentials should not require this level of verification. But I'm not too sure about this.

Originally posted by jetzkr8
I would not place too much trust on these companies. They can go bust anytime, along with your money.

For payment treansactions involving small amounts, I think there is a new development in area of 'micro-payments' where they have catered to the needs of this niche market. But it's still new and may take time to develop.

You mean moneybookers aint reliable ?

Just to let you know that I use Moneybookers since last one year, never had ANY problems.

the point is, if someone does not have an account, will they be willing to jump through those hoops just to send you a payment.

Originally posted by pixetech
the point is, if someone does not have an account, will they be willing to jump through those hoops just to send you a payment.

And most of them won't :(

Originally posted by openXS
You mean moneybookers aint reliable ?

Just to let you know that I use Moneybookers since last one year, never had ANY problems.


I'm not disputing their reliability. They probably are opearting as anyone else in the same industry. However, if you look further, they're not exactly a bank, although they check out with the FSA, there is still no guarantee on how they manage the funds parked with them. Recalling that even the biggest of corporations, it's entirely possible something can wrong, along with the funds parked with them. It can happen to any one company.

As an organization, they have not disclosed transparently their business model. I wonder how they can charge so low fees while others out there charge higher rates. When you upload funds, they specify a bank account , it's just another business transaction, of which I wonder to what extent is it really regulated.

I would dare speculate, their business model involves the management of parked funds to realize meaningful profits. Without clear policies being communicated, they're only duty bound to provide for the sum as stipulated by the FSA, as they have claimed from their website.

It's a perfectly legitimate business arrangement, only we should realize the deal can go sour anytime, probably not too soon. But when it does, what's the guarantee all accounts will be reimbursed?

I agree the issue at hand, is not reliability, but more if whether anyone would go through the hassle of opening accounts just to send some money. Not many would, by my reckoning. However, merchants who offer for sale merchandise and receive payment through Credit Cards are exposed to chargeback & fraud risks.

I suppose it depends on the kind of products involved, with sofrtware and services (not tangible) being good enough for the risk of chargebacks and fraud. Not with real inventory unless you have deep pockets and hit sufficient volume before going against these drawbacks.

At the end of the day, accepting Credit Cards through most solutions exposes you to this risk.

you ask me i will say never ever try even to get close to Worldpay they are the worest i have ever seen.

only if you are looking for some clients bad mothing you then try having them.

I use moneybookers for my established customers.I like them they are more than ok.
Bur for this on time kind of fees I use paysystems.

Well... Just my own latest comments:

My moneybookers account verification was started at March, 27.
They asked me to resend them more detailed copies of my documents - last additional document (Bank Agreement) was sent at April, 1 (it is NOT a joke :) ).
I have NO any results :(
I send them message with questions about my account - NO UNSWER till now (46 hours passed...).

They just allowed me to make test money upload from my CC - 5 euro, and I have send $5 for my new 'micro' reseller account to NetSender.

Now Moneybookers have ALL my documents - passport copy, CC copy, Bank Agreement copy, last CC account statement.
I have unverified MB account with 0.83 euro balance and NO UNSWERS from moneybookers support last 5 or 7 days... :(
And I [b]cannot[b] upload money to my account.
:angry:

So can I say Moneybookers is very reliable company and their support is fast? :D :( :mad: :angry:

P.S. I just don't see any link for closing my MB account...

Hi,

I also signed up with moneybookers.com
Not very much information about instant credit card processing
in their website (at least there is no such information i can see
as - not available for outside European Economic Area).
The payment gateways are easy to set-up but when i wrote
a mail to them for verification, they said merchant cc acceptment is not available outside EEA.
So I cant understand how can you say its a good solution for
people outside USA and EU?

Cheers,
Aras

Originally posted by fcarsenal
Hi,

I also signed up with moneybookers.com
Not very much information about instant credit card processing
in their website (at least there is no such information i can see
as - not available for outside European Economic Area).
The payment gateways are easy to set-up but when i wrote
a mail to them for verification, they said merchant cc acceptment is not available outside EEA.
So I cant understand how can you say its a good solution for
people outside USA and EU?

Cheers,
Aras

Aras you ask me? :)
If so - look at smiles in my message :D
In fact now i don't think that MB is solution in any cases...

P.S. Is there somebody crazy enouth to wait their 'verification' during one or two weeks just for paying $5 to me? :D

Hi,

I have read your posts on moneybookers with interest and wanted to ask some questions of my own. I have just signed up with them because of their low fees, however I cannot find any indication that one can actually use them to accept payment for goods or services on the internet?

Is there anyone who actually uses them to take payment for goods or services?

Jimo

Hi,
can you tell us what fee have you on Moneybookers & worldpay ?
What cashflow and what % of chargeback ?

It could be interesting for everyone... i suppose

Yes, they are the BEST. Using them for over 3 years now, never had any problems, nor was my account frozen, nor any sort of problem.

+International Members Allowed
+ Any Bank with just a SWIFT/BIC Code is allowed
+ Doesnt need credit card/Bank account to Recieve/Send money
+ Secure
+ Good Support
+ many more pros.

never did I see any negative comment about it, NO where on any Forum.

An Overall perfectly working system.

Try it!