From humble beginnings to pastures new, Moneybookers has established itself as one of the preeminent online poker payment processors in the world. If you’re a fan of playing Hold’em and you want to get up and running quickly at poker sites, Moneybookers is a great option.
What is Moneybookers?
Moneybookers is the former trading name of online poker payment processor, Skrill. The company was one of the first virtual wallets to serve the poker industry both in Europe and the US and since entering the market the company has served more than 20 million customers worldwide.
One of the main reason Moneybookers rose to prominence was its place in the American poker scene. Although UIGEA forced Moneybookers out of the market in 2008, the brand became known for efficiency, safety and security during its reign in the “land of the free”.
Today, Moneybookers now operates under the name Skrill and serves customers in over 30 countries. From its headquarters in London, Moneybookers (Skrill) is registered with the Financial Services Authority (FSA) and provides poker players with and easy way to move their money from one platform to another.
Because Moneybookers essentially acts as an intermediary between an online poker room and a player’s bank account, there’s a level of protection present that other payment processors can’t match. Of course, there is a price for such a privilege; however, this is far from restrictive.
US Moneybookers Poker Sites
If you’re looking to make a deposit or withdrawal at an online poker room using Skrill, then make sure you bear the following points in mind:
– Available for deposit – Yes
– Available for withdrawal – Yes
– Money available instantly – Deposits are instant. Withdrawals are poker room dependent, but usually take around 48 hours.
– Success rates – Moneybookers deposit and withdrawal success rates are 100%.
– Fees associated – Sending money to an online poker room using Moneybookers is free. Deposits to Skrill will incur a 1% (debit card) or 1.9% (credit card) transaction fee unless it’s via bank transfer. Withdrawals from Moneybookers cost $3.90.
Fees to Consider When Depositing at Moneybookers Poker Sites
For debit card transactions there is a 1% fee and for credit card transactions a 1.9% charge is applied to the transaction. In contrast, deposits through a bank transfer are free.
Sending cash to a Moneybookers poker site is free and when it comes to withdrawing a portion of your bankroll from the eWallet you’ll be charge approximately $3.90.
Understanding How Poker Online Using Moneybookers Works?
To play online poker in the US using Moneybookers you must go through the following process:
- Navigate to your chosen Moneybookers poker site and find the cashier page.
- Select Moneybookers as an option and enter the amount you want to deposit.
- Click “deposit” and the transaction is processed.
To make a withdrawal, you can simply reverse this process and the money will appear in your Moneybookers account within 48 hours in most circumstances.
If you’re a US online poker player, Moneybookers, an eWallet, is not presently available as an online poker site payment option due to US laws.
US Poker Sites Accepting Moneybookers: Safety
Using any Moneybookers poker site is not only efficient and fuss free, but safe. Because the company is regulated by the FSA, it means your money is protected by a strict set of banking codes. Moreover, the company has a base in the London, one of the world’s financial capitals, which means it benefits from a wealth of industry contacts.
Additionally, online poker players using Moneybookers benefit from not having their bank account linked directly to a poker room. Not only does this mean there is an added level of security in-between your real world cash and poker bankroll, but it makes your online transactions a lot cleaner. Moneybookers can process your online poker room transaction under an anonymous title, which means that your online gaming activities aren’t visible to outside agencies.
USA Poker Rooms That Accept Moneybookers Deposits
It’s not possible for US online poker players to play poker online with Moneybookers payments online.. Although the company was formerly an active member of the American poker community, UIGEA brought an end to Moneybookers USA poker sites in 2008.
However, although this is currently true, state-by-state legislation could mean resurgence in online poker rooms using Moneybookers across the United States in the near future. Alongside similar processors, such as PayPal, Moneybookers has been adjusting its policies since the first US states adopted online poker regulation at the end of 2013.