Moneybookers is one of the largest online payment processors, but it will disappear soon. Well, the services will still be provided, but the brand “Moneybookers” will disappear. The management of Moneybookers decided to rename their service to Skrill. They decided to take a slow approach regarding the rebranding. More than one year after the change of the name, the term “Moneybookers” is still present on their homepage and probably better known than Skrill. But it is only a matter of time until finally the brand Skrill will be used by the majority of the users of this payment service.
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RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Skrill is one of the biggest ewallets. Such payment processors offer a virtual wallet. With such an account, it is very easy to send and receive money around the world. PayPal is the largest operator in this segment, but Skrill seems to increase its market share. One big advantage of Skrill are the much lower fees compared to PayPal and NETeller. Currently, over 15 million people have an account with Skrill. And other than PayPal, there are already a few Binary Options brokers that accept Skrill as a method to deposit funds and to withdraw winnings.
The benefits of using a Skrill account
In order to make withdrawing and funding binary options accounts easier, Skrill have emerged as one of the leading e-wallets enabling a fast and efficient funding options for traders. Whilst many other online funding sources have been hesitant in getting involved with binary options platforms, the popularity of this form of trading along with the demand for instant transfers has pushed Skrill to become a leading e-wallet for binary options platforms.
Skrill offer several ways to deposit and withdraw cash directly to your trading account. This can be through the traditional e-wallet services previously provided by Moneybookers where traders with funds already in their Skrill account can fund their binary options investments within a few seconds. For those who prefer to transfer money from a bank account via credit or debit card, Skrill allows traders to register a debit or credit card in order to fund your e-wallet instantly without having to wait for this to process.
Besides credit cards and bank wire transfer, Skrill has already become the most widely accepted payment method at Binary Options brokers. In addition to this growing relationship, many binary options brokers who use Skrill have helpfully incorporated the payment option into their platform so traders no longer have to leave the website in order to execute their payments. Alternatively, the options still exists to fund your Skrill account through their online e-wallet platform.
By now, already some of the best known Binary Options brokers such as BDSwiss, IQOption and OptionFair offer payments through Skrill.