Question on moneybookers

#1 25th November 2011, 5:51 PM

Hey i just wanted to know does moneybookers charge a transaction or exchange rate fee if i deposit to a non dollar website like ladbrokes that accepts pounds?
I made a small deposit into ladbrokes today just to check it out, i was wondering since my moneybookers account is a US $ account that they would charge to pay in pounds, if they do how much?

#2 27th November 2011, 9:06 PM

I've used Moneybookers for several years - they have never charged for transferring money to a site (the site covers the fee). In relation to exchange rates - they convert at whatever the current rate is on the day you make a deposit. I have always found their exchange rate to be reasonable. I have Canadian dollars and generally have done quite well against the American dollar, simply by cashing when the rate was favorable to me.

To cash through Moneybookers - I suggest you look at their policy and fees - although not bad I found it cheaper to cash directly from the site in most cases.

#3 29th November 2011, 12:46 AM

Ya, all their info should be on their site somewhere.

They do charge for exchanging currency like jsaw said. Its done fairly as far as I can tell.

I do know that they charge fees for transferring money from one MB account to another but its minimal.

I find that MB and other sites similar to it make depositing and withdrawing really easy when dealing with poker sites because you always have to have made a deposit with the method that you want to withdraw. I have the same MB account for all pokersites now and it super easy to move money around.

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