Moneybookers, created in 2001, allows players to send and receive money via email with almost instant results. Many online casinos accept it as a payment method and it is becoming more and more popular everyday.

To use the services offered by Moneybookers a user must register with the site. After opening an account at Moneybookers, a user must make a deposit via bank transfer. The service lets the user send money to anyone via email, even those not in possession of a Moneybookers account. If the recipient does not have an account, they will receive sign up instructions via email so they can join Moneybookers and collect the money.

Although PayPal is the most widely used payment method, this is because it is mostly used for eBay purchases. Meanwhile, Moneybookers shows an enviable annual growth rate, the highest in the industry in 2008 and the outlook is very positive for 2010.

Moneybookers has also become very popular among online gaming lovers. We emphasize that this is also because Moneybookers agrees to make payments on behalf of American players too, while Paypal rejects it. This is certainly a dominant factor in the growth of the service.

In regards to cost for transfers, Moneybookers is slightly cheaper than Paypal.