Recently, I took a look at MoneyBookers for payment processing. In the US, people are accustomed to PayPal and confident in the system. PayPal fees are 2.9% +$.30/transaction, which is no bargain, unless you investigate the hassle of trying to process your own credit card payments.

As I was looking at MoneyBookers, I found that they are in the process of rebranding themselves as "Skrill". Skrill apparently is a slang term for money. Personally, Skrill sounds awful as a word, and it is not a widely used term in the US. Whether they will suceed with this rebranding is to be seen, but I would not have chosen that name for a payment processing system that needs to inspire confidence and needs to have appeal that cuts across demographic segments. Management's choice of Skrill for branding undermined my confidence in MoneyBookers, and I stopped looking at them as a payment processing alternative.

My reason for trying Moneybookers is that fees are fixed whereas Paypal is charging me up to 4.5% for payments from the UK. (Includes international transaction fees.)

I simply want to try it out and if it meets my needs I will use it when I can.   I will let you guys know what I think after using it.

In the meantime if anyone would like to try Moneybookers you can use my affiliate link if you want or go to moneybookers.com directly, your choice.

Are the fees really that much lower? My concern is not only the confusion of multiple payment methods to adverts, but also that they need an account themselves...having revenue coming into multiple areas makes it more difficult to track...and if one of these smaller companies goes out of business you could lose out on the funds in the account...I know it's happened to others before with other paypal immitators.

I would likely focus more effort on getting adverts to pay via e-check in paypal...

Since I never heard of moneybookers (other than some people asking for more info lol) I am going to assume they aren't that big so the question comes down to whether advertisers will have accounts to pay you? If not you can't really unilaterally make the change over

MJM - I didn't necessarily mean not using Paypal but using Moneybookers when possible.  My wording in earlier post was wrong.   Thanks!

I am currently using Paypal for blog revenues.  I am looking into switching over to Moneybookers and was wondering if anyone had an opinion on Moneybookers?