Pay Pal - Money Bookers

Per Magnus wrote:

Doesn’t cost you anything to register with both. But PayPal is far more popular. They only charge you a small amount if the customer pays with a credit card.

Per Magnus wrote:

Since your client want to use PP, they obviously have an account there.

Rowan Morrell wrote:

I find PayPal to be vastly superior to Moneybookers. In fact, I hate Moneybookers. Although PayPal does charge a fee for receiving funds initially, it does not charge anything for transferring your money to the bank (well, it does charge € 1 for amounts less than € 150, but that's nothing, and the bank charges you nothing, so you get all your money when you transfer it). Moneybookers on the other hand DOES charge a fee for transferring money to your bank account. Not only that, but they treat the transfer as an international wire transfer, so you end up paying bank fees as well!

So although Moneybookers DOESN'T charge you for receiving anything initially, you end up paying a lot more when you want to transfer money to your bank account. Ergo, unless you want to just keep the money in your MB account and not transfer it to your bank account, you're ultimately a lot better off with PayPal.

That's not the worst of Moneybookers though. Recently, they have introduced a really stupid and customer-unfriendly system that forces you to verify your ID before withdrawing money, even if you had previously verified it. For example, I verified my bank account and credit card, which was perfectly acceptable at the time. But I didn't bother verifying my address. This was fine and dandy until this monumentally dumb system came in. Now when I go to withdraw money to my bank account, it tells me to verify my address. So I applied for a code, which was supposed to have been mailed to me. But the code never turned up. Any decent company would let you apply for another code, but not Moneybookers. You get one shot at it, and if the code doesn't arrive, well that's just tough titties as far as they're concerned. I don't think that's good enough - in fact, I think it's appalling. And that's STILL not the worst! If I want to verify my address without the code, I have to send them a copy of one of my bank statements! All this rigmarole just to get at money that belongs to me in the first place!!!

I have never had such problems with PayPal though. Apart from the fee they charge you for receiving money, PayPal is great. I highly recommend it, but I would also strongly advise people to haven't yet signed up to avoid Moneybookers like the plague. It's more trouble than it's worth!

That's what I thought too until recently. I accepted a small job where the company's preferred method of payment was Paypal. When the payment went through, 3.9% + 0.20GBP were kept by Paypal because the payment had apparently been funded through a credit card.
Ledja

When the payment went through, 3.9% + 0.20GBP were kept by Paypal because the payment had apparently been funded through a credit card.
Ledja