Reported Post by Star_Scream

Star_Scream · Sep 22, 2015

Star_Scream has reported a post.

Reason:

Delete thread (I created it)
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Post: My experience with all the money exchanging websites (Paypal/Moneybookers/Alertpay/GC
Forum: Market Discussion
Assigned Moderators: R2Pleasent, Travis, blade bro4, Jack Goff, SellerMan, Zuzel111, Superfluous, Cas_M

Posted by: Star_Scream
Original Content:

I've been trading on market websites for two years now and some change. I started off on powerbot and eventually went to sythe and mmoexchange.

What I'm about to write about is my experience and mistakes with these money exchange (call them what you will) websites, which are mostly used for transactions on these market sites.

Let's start off with big old Paypal.

Paypal out of all these websites is mostly used from my experience. They are a very big company that use government tools (US) to monitor accounts. From what I'm aware of is that they have a 'contract' with the US government that allows them to monitor and verify information of their users (similar to banks). With this you cannot lie to paypal when it comes to Name, address, ssn and such. However Paypal will only review you if you get flagged for transactions/suspicious activity. An example of this would be someone charging back/disputing a transaction. Those set off flags on your accounts, (as I've had my fair share of limited accounts). The best solution would be for you to get a student account from your parent's paypal if you're under 18. Keep in mind I have over 5 Limited accounts over the 2 years and I have never used my name or IP for these accounts. Now I have a legitimate paypal that I have verified with ID, SSN, Banks and such.

Enough of my story, I would like to point out the Pros and Cons to paypal as there are many.

Pros:
*Everyone uses it, very convenient
*Easy to create an account and send within minutes (un-verified)
*provide buyer/selling protection on tangible goods (Doesn't apply to Virtual Goods)

Cons:
*Provides very little/no support for virtual sales
*Higher fees than others ( moneybookers takes a lot less fees than paypal)
*very easy to get limited/subject to verify identity

Tips: I highly suggest that you do not receive or send gifts, paypal looks at this as 'taboo' sort of speak, they don't make any money off of gifts and that will limit your account eventually (happened to me and others)

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Moneybookers: I have lots of great things to say about moneybookers, I will update this thread In a few days with more reviews/updated information

My review of Moneybookers:

I created a moneybookers about a year and a half ago (I was 17 at the time, So i put my date of birth one year earlier than It should've been so: XX/XX/XXXX-1, Day and month were inputted correctly, so was my address and all other information. Lo and behold eventually moneybookers froze my account and requested the upload of my State Identification Card, I didn't have one since I was not 18 at the time yet. So the account just sat there for about a year and a half. When I turned 18 and got my ID Card, I uploaded my ID and I got this message: "it seems that you were underage upon the creation of your account, we adjusted your date of birth and unfroze your account, have a nice day". This surprised me and now I have no problems with moneybookers and I got the money from my account. I enjoy their low fees and convenience and security.

Pros:
*Extremely secure, it is hard for fraudulent accounts to send money due to the high security implemented in moneybookers.
*Very low fees, with a 1-2% sending fee, with a maximum cap of 0.50 Cents (Keep in mind I am a US resident and it may differ in the EU, since moneybookers is based in the UK.
*No dispute button, If you want to dispute a payment it would have to go through your bank or credit card, which makes it secure for the receiving party if balance funded.(Great for trusted sellers)(bad if your doing risky trades with low vouch sellers)
*I have no problem using moneybookers now as soon as I simply uploaded my ID.
* they are a great company with amazing customer service

Cons:
*For legal reasons moneybookers(skrill) has disabled the upload money to your moneybookers account from bank/credit card in the United States. Which makes it very inconvenient for people in the United States that want to use moneybookers. (hopefully they will resolve this soon)

* If anyone has any information to be added or I put out any misinformation, inform me, and I will
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