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Author Topic: Moneybookers? Any downsides over Paypal?  (Read 2454 times)

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« on: November 11, 2012, 14:32 »
I'm getting tired of Paypal's funky practices of threatening to interrupt my account, put money on hold (ebay) etc.

I will keep using them for some stuff but I need to know how well Moneybookers has worked for you in the past.

I'm located in the US and basically just want to get paid from the agencies through them.

Are there limits, crazy tax information procedures or anything else that's annoying?

I'm grateful for short and informational answers.

Thank you!


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« Reply #1 on: November 11, 2012, 15:32 »
I'm using MB for over than 4 years and no problems so far. There is outgoing transaction limit 9500 Eur in any 90 days period. That's the only limitation as I know, no tax information and they deduct some amount of money per transaction.
Once my account was limited but  within 3 days everything back to normal compare to PP my account there is still limited for unknown reason. Customer  support on MB is much better than PP.

« Reply #2 on: November 11, 2012, 15:48 »
Thanks for your reply. Much appreciated!


« Reply #3 on: November 11, 2012, 21:00 »
Click, as you know I am in the US.  I started using Moneybookers a couple of years ago in advance of all the 1099 tax nonsense Paypal had to start doing.  I pay my taxes, but didn't want the confusion of getting 1099'd twice for the same money (once from agency and once from paypal). 

I have been perfectly happy with Moneybookers.  Because they are in the UK, there are no tax issues to deal with.  Also, they recently got rid of the (tiny) fee they charged.  Now it is completely free for US customers to have our money transferred to our banks. 

Best of luck with them :)


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