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Moneybookers or Paypal?

Overview

The following information is based on my experiences and should be used as a guide only and not be relied upon as the sole source of information. All reasonable efforts have been made to maintain the accuracy of information, however users should always check the information provided before using it. Linked web sites are provided for your information and convenience. I am not responsible for the contents or reliability of this data.


Which Online Payment method?

I currently use Moneybookers and Paypal and am very pleased with each payment system. There are differences in restrictions, costs and ease of use which should be considered.


Restrictions

The restriction Paypal places on your ability to receive funds in certain countries is extremely limiting.
What does this mean?
You may not be able to receive money via Paypal.

To verify your ability to receive funds via PayPal in your country, please review the info on the PayPal website: https://www.paypal.com/worldwide/ Please note: If your country is listed in the bottom section titled, “Send Money to Anyone in the Growing PayPal Network” on https://www.paypal.com/worldwide/ -- you cannot currently receive funds via PayPal in your country.

Moneybookers allows both sending and receiving money.


Costs/Fees

Online purchases.
Paypal Personal account fees:
https://www.paypal.com/ru/cgi-bin/webscr?cmd=_display-pop-fees-outside (English).
Note: Paypal charges a currency conversion fee 2.5% above the exchange rate.

Moneybookers fees:
http://www.moneybookers.com/app/help.pl?s=fees
Note: Moneybookers charges a currency conversion fee 1.99% above their wholesale exchange rates.


Ease of use

I personally found Moneybookers the quickest and easiest of the three to set up for use. For foreign languages Paypal feels limited on the number of translated pages. After you familiarize yourelf with the systems you realise they are both user friendly, easy to navigate and work well.


Conclusion

It seems a simple decision to make, choose Moneybookers. Unfortunately, it is not quite so simple. If you choose to shop online Paypal is the most widely accepted. Therefore, one answer is to use both systems as I do! This provides you with the flexiblity to manage costs without limiting choice.


Useful Links:

Moneybookers:
Moneybookers.com

Paypal:
Paypal.com


Best wishes

Marina.



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