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Pay Pal - Money Bookers
Thread poster: Marta Amigo

Marta Amigo  Identity Verified
United Kingdom
Local time: 00:56
English to Spanish
+ ...
Jan 28, 2008

Which one would you reccommend me? Does it cost money to receive payments from client? I need to receive a payment from a client who wants to pay via Pay Pal, but it's only about 30 GBP. Will it be worth it for me? Thanks in advance.

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Jelka Slemensek
Local time: 01:56
English to Slovenian
+ ...
Money Bookers - Pay Pal Jan 28, 2008

Hello!
Money Bookers is less complicated, and the costs are usually 1,80 € if you withdraw money to your own bank account. And it is simple to use.


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Per Magnus  Identity Verified
Local time: 01:56
English to Norwegian
Yes, it will be worth it for you. Jan 28, 2008

Doesn’t cost you anything to register with both. But PayPal is far more popular. They only charge you a small amount if the customer pays with a credit card.

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Jose Ruivo  Identity Verified
Portugal
Local time: 00:56
Member (2007)
English to Portuguese
+ ...
Moneybookers, undoutably Jan 28, 2008

PayPal will charge you a percentage - from 3.5 to 5%, if I recall correctly - of what you get, if the person paying you uses a credit card to make the payment.

Withdrawing from your Moneybookers' account to your bank account has always the same low cost - 1,8 Eur.

Good luck,
Jose


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M. Anna Kańduła  Identity Verified
United Kingdom
Local time: 00:56
English to Polish
PP too expensive Jan 29, 2008

Per Magnus wrote:

Doesn’t cost you anything to register with both. But PayPal is far more popular. They only charge you a small amount if the customer pays with a credit card.

I wouldn't call it "small amount". It is, if the received money is not much. But with bigger numbers one can get irritated seeing how much of his/her money PP takes :|

I would choose MB. It's much cheaper.

Anni


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Suzette Martin-Johnson
Canada
Member (2007)
French to English
+ ...
Moneybookers without a doubt Jan 29, 2008

Cheaper, faster, simpler, better!

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Dr. Janos Annus  Identity Verified
Hungary
Local time: 01:56
Member (2005)
English to Hungarian
+ ...
Both are needed Jan 29, 2008

Unfortunately some companies do not use moneybokers, PayPal is more popular. so you may need both. Having an account is no cost to you. Only transacti0ons may cost, but it is also changing from time to time. However, PayPal hads some restrictionson what kind of account youmay have, and that depends on the country of your residence. You better check they homepage. In many countrie no restriction on sending and receiving money, in some othere there are. From PayPal you can withdraw money to your OWN bank account only. But can use for payments of many web purchases, including Skype.
Janos


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Per Magnus  Identity Verified
Local time: 01:56
English to Norwegian
No charge with PayPal Jan 29, 2008

Since your client want to use PP, they obviously have an account there. Then it does not cost you anything to receive money. I have used PP for several years, and I am very satisfied with the ease of use.

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Ledja  Identity Verified
United Kingdom
Local time: 00:56
Member (2008)
English to Albanian
+ ...
Charges with Paypal Jan 29, 2008

Per Magnus wrote:

Since your client want to use PP, they obviously have an account there.



That's what I thought too until recently. I accepted a small job where the company's preferred method of payment was Paypal. When the payment went through, 3.9% + 0.20GBP were kept by Paypal because the payment had apparently been funded through a credit card. It wasn't worth making a fuss because the amount was marginal, however, had it been a big payment, I definitely would have wanted to know what I was in for beforehand.
I now mean to check with the company when arranging payments. Hope everybody else does too.
Ledja


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Rowan Morrell  Identity Verified
New Zealand
Local time: 13:56
Member (2003)
French to English
+ ...
PayPal all the way Jan 30, 2008

I find PayPal to be vastly superior to Moneybookers. In fact, I hate Moneybookers. Although PayPal does charge a fee for receiving funds initially, it does not charge anything for transferring your money to the bank (well, it does charge € 1 for amounts less than € 150, but that's nothing, and the bank charges you nothing, so you get all your money when you transfer it). Moneybookers on the other hand DOES charge a fee for transferring money to your bank account. Not only that, but they treat the transfer as an international wire transfer, so you end up paying bank fees as well!

So although Moneybookers DOESN'T charge you for receiving anything initially, you end up paying a lot more when you want to transfer money to your bank account. Ergo, unless you want to just keep the money in your MB account and not transfer it to your bank account, you're ultimately a lot better off with PayPal.

That's not the worst of Moneybookers though. Recently, they have introduced a really stupid and customer-unfriendly system that forces you to verify your ID before withdrawing money, even if you had previously verified it. For example, I verified my bank account and credit card, which was perfectly acceptable at the time. But I didn't bother verifying my address. This was fine and dandy until this monumentally dumb system came in. Now when I go to withdraw money to my bank account, it tells me to verify my address. So I applied for a code, which was supposed to have been mailed to me. But the code never turned up. Any decent company would let you apply for another code, but not Moneybookers. You get one shot at it, and if the code doesn't arrive, well that's just tough titties as far as they're concerned. I don't think that's good enough - in fact, I think it's appalling. And that's STILL not the worst! If I want to verify my address without the code, I have to send them a copy of one of my bank statements! All this rigmarole just to get at money that belongs to me in the first place!!!

I have never had such problems with PayPal though. Apart from the fee they charge you for receiving money, PayPal is great. I highly recommend it, but I would also strongly advise people to haven't yet signed up to avoid Moneybookers like the plague. It's more trouble than it's worth!


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Keren Terret
Israel
Local time: 02:56
Hebrew to English
+ ...
Paypal it is then! Jan 30, 2008

I have also been deliberating whether to go with Paypal or Moneybookers, and after reading Rowan's impassioned response, my scale has definitely been tipped in favor of Paypal. I also found Rowan's response to be very entertaining - it's obvious he has a good sense of humour!

Rowan Morrell wrote:

I find PayPal to be vastly superior to Moneybookers. In fact, I hate Moneybookers. Although PayPal does charge a fee for receiving funds initially, it does not charge anything for transferring your money to the bank (well, it does charge € 1 for amounts less than € 150, but that's nothing, and the bank charges you nothing, so you get all your money when you transfer it). Moneybookers on the other hand DOES charge a fee for transferring money to your bank account. Not only that, but they treat the transfer as an international wire transfer, so you end up paying bank fees as well!

So although Moneybookers DOESN'T charge you for receiving anything initially, you end up paying a lot more when you want to transfer money to your bank account. Ergo, unless you want to just keep the money in your MB account and not transfer it to your bank account, you're ultimately a lot better off with PayPal.

That's not the worst of Moneybookers though. Recently, they have introduced a really stupid and customer-unfriendly system that forces you to verify your ID before withdrawing money, even if you had previously verified it. For example, I verified my bank account and credit card, which was perfectly acceptable at the time. But I didn't bother verifying my address. This was fine and dandy until this monumentally dumb system came in. Now when I go to withdraw money to my bank account, it tells me to verify my address. So I applied for a code, which was supposed to have been mailed to me. But the code never turned up. Any decent company would let you apply for another code, but not Moneybookers. You get one shot at it, and if the code doesn't arrive, well that's just tough titties as far as they're concerned. I don't think that's good enough - in fact, I think it's appalling. And that's STILL not the worst! If I want to verify my address without the code, I have to send them a copy of one of my bank statements! All this rigmarole just to get at money that belongs to me in the first place!!!

I have never had such problems with PayPal though. Apart from the fee they charge you for receiving money, PayPal is great. I highly recommend it, but I would also strongly advise people to haven't yet signed up to avoid Moneybookers like the plague. It's more trouble than it's worth!


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Per Magnus  Identity Verified
Local time: 01:56
English to Norwegian
PayPal and credit cards Jan 30, 2008


That's what I thought too until recently. I accepted a small job where the company's preferred method of payment was Paypal. When the payment went through, 3.9% + 0.20GBP were kept by Paypal because the payment had apparently been funded through a credit card.
Ledja


You should always encourage your customers to transfer money to their PayPal account (this is free) before they pay the invoice.
.


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Sergei Tumanov  Identity Verified
Local time: 02:56
English to Russian
+ ...
proper research Jan 30, 2008

To see more detail why don´t you visit the site
http://www.paypalsucks.com/

You will see more pros and contras for using the system.


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Marta Amigo  Identity Verified
United Kingdom
Local time: 00:56
English to Spanish
+ ...
TOPIC STARTER
Thank you all! Jan 30, 2008

Thank you to all of you for your useful comments. This is a bit like Beatles versus Rolling Stones in the sixties! Thanks again!

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Kristina Radziulyte  Identity Verified
Lithuania
Local time: 02:56
Member (2006)
English to Lithuanian
+ ...

MODERATOR
max Paypal receive fee Feb 23, 2008


When the payment went through, 3.9% + 0.20GBP were kept by Paypal because the payment had apparently been funded through a credit card.
Ledja


Paypal fee chart says the maximum receive fee is 3.4% + £0.20 GBP
https://www.paypal.com/uk/cgi-bin/helpscr?cmd=_display-fees-outside

I am wondering why it's 3.9% in your case. Is there some hiden fee?:-?


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