MoneyBookers
Moneybookers is an e-commerce business so that they allows payments and money transfers to be made through the Internet. Also money bookers is a worldwide business that acts as a trusted intermediary between business buyers or partners and sellers. It handles the exchange in short time, so that those using the system can short time determine if their transaction was legal. Every party’s personal information (such as credit card number and home address) is given only to Moneybookers, as a result there is the reduced likelihood of fraud or identity theft.The company was founded in the year 2001 and has grown rapidly and steeply. Already, there are more than 400 employees handling the company’s many, many transactions. It is both based in and regulated by the United Kingdom. It has received numerous awards over the years including some coming from the Media Momentum Awards (2011), the Card & Payments Awards (2012) and the Sunday Times Tech Track Awards (2010), to name a few.
serves as an electronic alternative to traditional paper methods like as money orders and cheques. Moneybookers performs payment processing for websites, online auction sites, and other corporate users. In 2011, Moneybookers announced that they would be rebranding their service as Skrill by the following year. Moneybookers was bought by Investcorp Technology Partners for €105 Million in March 2007 and as of the 9 March 2009 has been put up for sale by its owners Investcorp for an estimated £365m.
Like many competing online fund transfer services (ex.PayPal), Moneybookers requires identity verification before using their service to minimize fraud and forbid money laundering. Additional verification steps raise the maximum amount transferable to €50,000 or equivalent within a 90 days period. Moneybookers does not usually get involved in merchandise disputes and the availability of credit card chargebacks may be limited.
More than 120,000 merchants are registered with Moneybookers and its payments systems are honesty by global online brands such as Skype, eBay and Facebook. In February 2010, The Sunday Times Deloitte Buyout Track 100 League table ranked Moneybookers as the Number #1 fastest growing, private equity-backed firm in the UK based on profits.
serves as an electronic alternative to traditional paper methods like as money orders and cheques. Moneybookers performs payment processing for websites, online auction sites, and other corporate users. In 2011, Moneybookers announced that they would be rebranding their service as Skrill by the following year. Moneybookers was bought by Investcorp Technology Partners for €105 Million in March 2007 and as of the 9 March 2009 has been put up for sale by its owners Investcorp for an estimated £365m.
Like many competing online fund transfer services (ex.PayPal), Moneybookers requires identity verification before using their service to minimize fraud and forbid money laundering. Additional verification steps raise the maximum amount transferable to €50,000 or equivalent within a 90 days period. Moneybookers does not usually get involved in merchandise disputes and the availability of credit card chargebacks may be limited.
More than 120,000 merchants are registered with Moneybookers and its payments systems are honesty by global online brands such as Skype, eBay and Facebook. In February 2010, The Sunday Times Deloitte Buyout Track 100 League table ranked Moneybookers as the Number #1 fastest growing, private equity-backed firm in the UK based on profits.