Author Topic: earn 1% extra with Moneybookers (Read 3742 times)

Perrush · « **on:** September 20, 2007, 10:45 »

okay, I did the test.

used both Paypal and Moneybookers for payouts twice. In both cases Moneybookers had an exchange rate which was 0.01 point (around 1%) more profitable than the rate from paypal.

So I think I'll switch to moneybookers completely. It isn't a lot of money, but I don't have to do anything extra for it either.

Did write everything in a little article :
http://www.perrush.be/SYF_moneybookers_or_paypal.html

any remarks ?

Peter · « **Reply #1 on:** September 20, 2007, 12:46 »

I am using Moneybookers anyway because PAYPAL does not alow money withdraw in my country.

madelaide · « **Reply #2 on:** September 20, 2007, 18:45 »

I am in the same situation than Chode. I even decided not to request a US$50 payment in 123RF and wait (a long time) to achieve US$100 and transfer to MB.

I have a doubt though. If I had a UK Paypal account, could I have my credit there deposited to my UK bank account? At what fee? Maybe that would be a good choice in the end.

Regards,
Adelaide

sharply_done · « **Reply #3 on:** September 20, 2007, 20:17 »

Nice article, perrush.

Too bad they don't support Canada. If they did I'd make the switch from Paypal pronto and save a few hundred dollars for doing almost nothing.

Freezingpictures · « **Reply #4 on:** September 21, 2007, 01:21 »

Thanks Perrush, I think I will switch to Moneybookers soon..

Perrush · « **Reply #5 on:** September 21, 2007, 04:39 »

Madelaide,

not sure about your question, I would just ask paypal support the same question.

About that request of payment I could say this :

-- quote---

When you reach the minimum payout amount, don't order a payment right away. Because then you have to wait until you reach that amount again. In the mean time you can't get any payments.
Instead wait until you reach twice the minimum payment amount. Then order a payment for only the minimum payment amount. In that way you can always withdraw all of your earnings at any time you want.

-- quote --

madelaide · « **Reply #6 on:** September 21, 2007, 18:33 »

Perrush,

My question is a bit complicate, so let me explain it.

Today I have a PP and a MB account. With PP I can't have money transferred to a bank account I have in UK, because I live in Brazil. With MB I can, so I use MB preferably. So today I have money transfered from stock sites in US$ to MB in US$, then converted to pounds when deposited in my bank account.

Now, if I opened a PP account with a UK address (using a friend's address), I would have stock sites paying me in US$ converted into pounds in PP, then transfered to my bank account.

So today I have MB exchange conversion plus a transfer fee (US$2.50). In the second case, I would have an exchange conversion into PP and then, I suppose, a transfer fee (how much) to my bank account. Overall, would the second choice be any better than what I current do?

Regards,
Adelaide