Moneybookers has been around for quite some time now and it is being used by possibly millions of people around the world especially those living in Europe and countries that PayPal does not support. The problem however is that unlike PayPal moneybookers still has a lot of catching up to do in terms of acceptability. PayPal makes up a large majority of online transactions followed closely only by credit card payments. However there are many thing that moneybookers is doing right in terms service, reliability, and cost which in coming years could make it as big if not bigger than PayPal.

The biggest plus point for Moneybookers is that it supports more countries than Paypal. There are many developing countries in the world with whom Paypal refuses to do business with blissfully ignoring the fact that developing countries are the biggest emerging markets out there. This is where Moneybookers begins to look much better than PayPal. Like PayPal all you need to send money from one account to another is an email address.

You can also choose to send money to various services that accept Moneybookers, also bear in mind the fact that the number of businesses accepting moneybookers is growing exponentially.
Unlike PayPal Moneybookers also offers a handsome amount to people who refer others to them. Their referral system pays swiftly so there are many people actively marketing Moneybookers which makes it all the more possible for it to take over PayPal’s market share. Today you see a large number of European poker rooms that only choose to accept Moneybookers and not PayPal.

Moneybookers also makes it easy and cheap for you to wire money to your bank account. For just $2.50 you can transfer money to your bank account within five working days. This is regardless of where your bank account is located or where you might be located. However if you do want to transfer large amounts of money you will need to get your bank account verified which is a pretty simple process. In which they wire money in a small amount to your bank with a code which you then enter into the website. You can also get your credit card charged and then enter in the code of the charge on Moneybookers website.

Moneybookers has made world wide money transfer easy and cost effective. Unlike PayPal the system is easy to learn and use and you can start with a world wide money transfer to your bank account for a very low fee. A wire money transfer is the fastest way to get money into your account. You can also use a wire money transfer to get money from your bank into your Moneybookers account. However it does take the banks some time to wire the money and for it to show up in your Money bookers account but on the whole the process is pretty fast and just takes a maximum of 48 hours or so depending on where in the world you live.