Moneybookers: Worldwide direct payments made easy

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At the Small Business 2.0 show Moneybookers presented a compelling argument as to why online sellers should consider using their services.

At the start of their talk I was wondering what they could offer that PayPal couldn’t. For sellers on eBay, PayPal is the payment system of choice (or at least the only real option) and PayPal can also be used on sellers own ecommerce sites along with a merchant card facility. Moneybookers however have a lot going for them, not least of which a promotional rate of just 0.99% until the end of March 2009.

The biggest advantage that I see Moneybookers having over PayPal isn’t simply their rates (and for larger merchants they will negotiate a custom package), but in the flexibility of payment options for buyers. Although they offer an eWallet option buyers don’t need to explicitly register for a Moneybookers account to transact, with sellers offering direct payments they can use simply use their payment method of choice.

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