Ever since eBay bought PayPal, PayPal has dominated the entire world for sending online payments. As the worldwide monopoly in this service, PayPal has…
- charged EXORBITANT fees — fees which would be entirely illegal for any BANK to charge
- closed people’s accounts and held their money from them indefinitely for no reason, or for their own “moral reasons” (apparently because they did not approve of what the person was buying or selling)
- among other many many other complaints — see some of the many We Hate PayPal sites
Now…
Finally, PayPal has some excellent competition! It’s called MoneyBookers and it is AWESOME!
It’s…
- much easier to use than PayPal,
- much cheaper — the fees are absolutely reasonable, in fact (not the nearly extortion that PayPal is),
- required no complicated verification steps (like PayPal does),
From what we can tell, MoneyBookers is just very simple, straightforward, fair, and up-front.
So far…
We highly recommend MoneyBookers over PayPal.
~
Bruce Wagner
Click here to watch: The Bruce Wagner Show
~
I’d like to hear about it’s security and measures they take to protect your information.
Do they behave like PayPal and shutdown your account when your grandma sends you too much money on it?
In any event, thanks for the news. I was looking around for some simple merchant services.
Comment by Self Funded Proposal — August 1, 2007 @ 4:11 pm |
Thanks for posting the details. After my most recent PayPal adventure I am in the “What alternatives are there?” stage myself. Cheers!
Comment by auroragg — August 7, 2007 @ 9:30 pm |
[...] Bruce Did a great write-up today on brucewagner.wordpress.comRead this summary: [...]
Pingback by Excellent PayPal Competition — Finally! — October 12, 2007 @ 6:57 pm |
Web CC fees are almost exactly the same. But they charge $4.50 to withdraw funds?
Comment by MD — November 28, 2008 @ 7:09 pm |