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moneybookers is a very competitive online financial transaction scheme. It’s a pure web-based application where users should be able to fund their Moneybookers by almost any payment option. Because of its relative success, it is often compared to Paypal in providing services to their customers. The unique structure of moneybookers enables the users to feel secured. Signing up for Moneybookers is free however, before anyone could use the features and services, the user should authenticate himself/herself online. Although the process slows down entire operation, Moneybookers offers some of the world’s best secured websites. The most basic requirement to join Moneybookers is to have an e-mail. In Moneybookers, each and every transaction is being e-mailed to the customer so that they can easily monitor the movement of their money. Aside from the e-mail reports, there is also a highly interactive website that offers the users options on how to withdraw and deposit their accounts. All of the transactions and the movements of funds are being recorded in the online interface. One of the best features of Moneybookers is that it practically prevents all charge backs. When an online store accepts payments via Moneybookers, all those who transact their businesses with Moneybookers have already cleared their account both in Moneybookers and their bank.

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