Online payment | Scorched Earth

Free merchant account at Moneybookers

August 7th, 2009 |

Author: Silver

I hadn’t used Moneybookers before, having always preferred PayPal. I guess I always stuck with PayPal as everyone new them. It certainly wasn’t because it took 300 pieces of paper faxed to recover a lost password – or because they deemed to close an account because I had the ordasity to log on from Eastern Europe a few years ago whils travelling. For my own security they said – but you wouldn’t believe the hoops I had to jusp through to get my money back… I still use them, but thought I’d give Moneybookers a try after being persuaded by a client who wanted to set up a merchant account through them.

Moneybookers has in the end turned out to be great – as always opening the merchant account took a bit of time, they wanted to see the working site, and of course, and wanted the usual anti-money laundering paper proofs.

The merchant account was FREE (always a good thing), and Moneybookers commission rates are low at 1.9% compared to PayPal‘s 3.4% (plus a smaller transaction fee), that saving alone was enough to persuade me to open an account and give it a try!

On the downside – I didn’t find their site either particularly user friendly, there’s a learning curve when you are used to using PayPal – and support wasn’t particularly quick. However, the advantage of reduced fees outweighs these minor grumbles!