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moneybookers
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moneybookers, a non-goldbased value transfer system is one of a series of documents about economics and money at abelard.org. | ||
moneybookers information | e-gold information | fiat money and inflation |
disclaimer: Caveat emptor (let the buyer beware). |
What is moneybookers ?
This is like dealing in cash, anywhere around the world, with added services. How can I use moneybookers?
With moneybookers, there is no bank or credit-card middleman when you make your net transactions, whether purchases or donations. That is:
Other advantages are Result: you pay less and your recipient gets more and, if you set up your moneybookers account using a link from this site, abelard.org benefits as well!
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What happens when I use moneybookers?Briefly, |
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hover/click for further details |
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Why moneybookers?After investigating many methods of transferring funds using the Internet, that are not backed by digital gold, we at abelard.org have chosen moneybookers as our preferred electronic value transfer (evt) method for trading with fiat cash currencies. Of the evt methods using fiat currencies we surveyed, moneybookers was the only one that did not allow chargebacks; that is transactions with moneybookers are irreversible (“there is no charge back risk to worry about.”). moneybookers also provides an escrow service for enabling secure trading of goods. moneybookers does not have the problems associated with using a credit card online, as described in credit card downsides. |
Administrative stuff“moneybookers operates an electronic money service that allows customers to send and receive payments. Their funds are held in their ‘online stored value account’ as electronic money, in accordance with the EU E-Money Directive. The balance of any ‘electronic money account’ is redeemable at any time, this redemption being made only in accordance with ‘instructions given using the moneybookers user interface’.” Note that moneybookers does not act as a bank, neither paying interest nor providing loan or overdraft facilities. security
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advertising disclaimer |
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hover/click for further details |
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moneybookers works like this (detailed description)
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Make very sure that you have checked, and then checked again, all entries before clicking OK. If you do make a mistake, it may take days or longer to show up and many weeks, if not months, to correct. | |
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Withdrawing money from moneybookers requires your reference number/ID and your date of birth. |
How do I set up a moneybookers account?Click
here! |
How much will this cost?
A comparison of transfer methods and costs is provided here by moneybookers. A recent cost comparison |
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An example of transfering £350 from Australia to the UK |
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[all exchange rates in this section as at Feb 2005] |
What can go wrong?We at abelard.org (or our contacts) have occasionally experienced problems when using moneybookers. Here we list various problems and their resolution. Two problems were caused by user error, one by moneybookers not being adequately developed outside countries that are major (English-speaking?) moneybookers users, and one probably because, as a young and growing company, moneybookers is not growing its infrastructure quickly enough. I must emphasise that all these problems have been resolved by moneybookers under persistant interaction. |
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problem with moneybookers | resolution |
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If you do have any problem with a moneybookers transfer, telephone [+44 709 204 2000], fax [+1 509 271 5556 / +44 709 204 2001 ] or email moneybookers with clear details of the problem. |
Final wordsTransferring funds on the internet can be a fraught operation when moving relatively small amounts or when dealing with a smaller trader who, because of their size, is unable to obtain merchant status. The moneybookers system provides a relatively simple, as well as secure, method of making such transactions. |
disclaimer: Caveat emptor (let the buyer beware). |
email abelard at abelard.org © abelard, 2005,25 february the address for this document is http://www.abelard.org/value-transfer/moneybookers-info.php 2050 words |