Binary Options Brokers that Accept Moneybookers (Skrill)
Binary Options Brokers that Accept Moneybookers (Skrill)November 20, 2013
There are various binary options brokers that accept Moneybookers (AKA Skrill) as a means to fund your real money trading account, however if you are residing in the USA you will not be able to use it.
The thing about Skrill is that it serves as a type of super E-wallet that can be used to fund other payment means such as credit cards, Amex, Maestro/Switch, Sofort, Visa Electron, Mastercard, and also as a money transfer tool to wire money to your bank account.
How Does Moneybookers Work?
When you complete your registration you have the option of immediately funding your account (see screenshot B) by clicking the upload fund button. You can do so via any credit card which is supported by Skrill, which is pretty much any of the major credit cards including AMEX and Diners Club, but also local payment methods like Paysafecard for German and Austrian traders, or Poli if you are from Australia or New Zealand. Alternatively you can make a bank transfer.
All of your transactions are neatly documented according to date and transaction amount. You can also click the column to sort according to the criteria you want (lets say from highest deposit amount to lowest), and the log is also exportable in an Excel or CSV format.
Security and Limits
Moneybookers is what’s called a “Guaranteed Payment Vendor”. This means once the transaction is approved, the money is then transferred to the merchant account (in this case the broker) and even if you file a dispute for whatever reason, their money is guaranteed. The vendor pays an extra fee for this arrangement, since they will always prefer this type of deposit over a credit card payment and the exposure it carries with it.
Especially these days with the regulatory climate being the way it is, everyone wants to keep their exposure down to a minimum.