Moneybookers (rebranded as Skrill) is one of the most popular e-wallet forms of payment for traders. This trading account option is user-friendly, speedy, economical and safe, and provides benefits for VIP members.
Skrill (Moneybookers) strives to be the internet’s most convenient payment service available today. Once you registered, all that is required in order to make payments is your email address and password. After inputting this information, you are ready to make deposits into your trading account. Furthermore, your credit/debit card or bank details will be saved for you so that you don’t have to provide them again and again whenever you want to make a payment. Skrill has international accessibility; it is offered in 12 supported languages with payment options in more than 30 countries. I addition, you can view all of your transaction history whenever you choose on the website and even have the information exported to a digital excel file. You can choose an option to receive SMS’s and faxes as well. Any help you may need can be received conveniently on the online support center.
Unlike with other banking methods, with Moneybookers you can transfer money in real-time, without any wait. When you make a deposit into your trading account, the transaction will immediately appear in your account history. You can instantly begin trading profits, whereas with other forms of payment such as wire transfers you need to wait a few days for the payment to be processed. This way, you can take advantage of current trading opportunities that come your way the moment you notice them.
Skrill requires next to no fees. For a domestic transfer, the costs involved are from 1 per cent of your payment to a maximum of 0.50 euros. The fees remain the same for an international transfer, while other payment services usually charge additional fees for international payments.
Traders who choose to fund their trading accounts via Moneybookers can feel safe, as it is FSA regulated. Trustworthy brokers should allow you to use this payment service. Your financial information is kept safe you don’t need to provide your broker with any details other than your email address.
Investors are offered exciting VIP opportunities. You can choose from several VIP levels of Bronze, Silver, Gold and Diamond. The higher your VIP level or the more transactions you make, the higher the benefits you can receive. You can check out the specific benefits on the Skrill website.