Moneybookers is a secure and convenient method of payment, which is extremely popular in Europe for real money online gambling. Real time payments to various gaming sites in twenty different currencies are possible by using this payment mode. This is an international online payment system, which is regulated by the financial laws of the UK. To use this method, all you need to do is open a Moneybookers account by specifying your email address, which then enables you to transfer money to online gambling sites.
Funding your Moneybookers Account
Funding the Moneybookers account can be done through a variety of options, including wire transfers, credit cards, debit cards etc. through email. Wire transfers usually take around 2-5 days to show in your account, while credit card transfers, although instantaneous, take around 48 hours. It is important to note that there is a limit to the funds you can transfer via Moneybookers. In other words, this payment option allows you to transfer a minimum of $20 and a maximum of $1000 per transaction. This amount will depend on your player status on the gaming site. The maximum amount that you can actually transfer over a 90-day period is 20,000 Euros.
Advantages and disadvantages of Moneybookers
This is the easiest and most convenient transaction mode that is available today. In fact, all transactions can be done through email, provided you have submitted you bank or credit card or debit card information. Moreover, transactions that have occurred in the past can also be easily viewed using this payment method. Additionally, given that you have to give your personal information only once using this method, your privacy is well protected.
Disadvantages of this casino deposit method include the charge that is levied on all transactions. A 1% charge is levied for all money that is sent while credit card transactions are also charged at about 1.9% per transaction.