Moneybookers is an online payment solution much like PayPal except that they are located in London, England and work primarily with European residents to offer payments and deposits for online gambling and sports betting. Since 2006, they have stopped offering accounts to U.S. residents under pressure from anti-gambling laws and American authorities. For any other country, however, Moneybookers is one of the best payment solutions in existence.
Moneybookers boasts over 5 million account holders and worldwide and transactions can be made easily with only an email address. Payments can be made and accepted equally well between individuals and merchants as they can between individuals only. They are registered with the Financial Services Authority in the in the UK which ensures fair play by limiting and providing an authority of float management, vetting at entry, systems and controls, and money laundering.
Online sports betting and casino gambling accounts are a breeze to activate with Moneybookers. All that is needed is an email address and a bank account. Deposits can be transferred directly from the bank account or even funded by credit cards, including Visa, Mastercard, American Express, and Diners Club. Fees are low for transactions at 1%, having a maximum cap of 50 Euros.
In addition to the U.S., Turkey, Israel, China, and Malaysia are barred from sending money to gambling sites but the rest of the world is free to use Moneybookers at many gambling portals such as Rushmore Casino, Cherry Red, VIP Slots, Millionaire Casino, and Slots Oasis.
