Comments on: Using Moneybookers to send money to India – Paypal alternative

By: bhagwad

bhagwad — Sun, 20 May 2012 16:09:07 +0000

Hi there,

1. You require current address proof. Otherwise it’s not possible…
2. Any bank that accepts wire transfers should do
3. If you receive funds in USD, then I suggest USD

By: san

san — Sun, 20 May 2012 07:26:42 +0000

Sir i want to open an account but some confusion there plz help me.

thanks and regards
san

Hi Bhagwad

Congratulation for great knowledge About moneybookers . well i also research on e wallet from last two weeks. but some questions r yet confusion.

i want to open an account in moneybookers or neteller for gaming purpose. sir my question is :

1. i have all my id and address proof but not current Address . So how i will send documents to them for verification ?

2. i have nationalizes saving bank account in Delhi but not work. can i open HDFC or Axis or yes bank saving account for this purpose ?

3. third and most important thing which i want to know for deposit purpose. What currency to create INR or USD ?

regards
san

By: Nitish Sharma

Nitish Sharma — Sat, 19 May 2012 15:41:01 +0000

Dear Bhagwad,

Thanks for this useful post of yours. Everything work fine, though I am confused about IBAN (International Bank Account Number).

Will my local bank account number do, and if not, how can I get an IBAN.

You say you are able to receive money in your local bank. Which account number did you use or you applied for the IBAN ere.

Please help.

Thank You,
Nitish Sharma.

By: san

san — Wed, 16 May 2012 09:40:37 +0000

Please reply i am waiting .

thanks regards
san

By: san

san — Tue, 15 May 2012 16:47:53 +0000

Hi Bhagwad

Congratulation for great knowledge About moneybookers . well i also research on e wallet from last two weeks. but some questions r yet confusion.

i want to open an account in moneybookers or neteller for betting purpose. sir my question is :

1. i have all my id and address proof but not current Address . So how i will send documents to them for verification ?

2. i have nationalizes saving bank account in Delhi but not work. can i open HDFC or Axis or yes bank saving account for this purpose ?

3. third and most important thing which i want to know for deposit purpose. What currency to create INR or USD ?

regards
san

By: bhagwad

bhagwad — Sun, 13 May 2012 16:34:37 +0000

I would say USD since the amount in transferred in that currency.

By: Rahul

Rahul — Sun, 13 May 2012 08:59:41 +0000

What currency to create moneybookers account in if I am getting payments from odesk?

EURO or USD?

Somebody please throw some light on this, what way it would be beneficiary?

By: anonymous

anonymous — Wed, 02 May 2012 16:04:46 +0000

I would recommend to open EUR account and not INR with moneybookers, because they send money in EURO to bank account in India. This create 2 way conversion first with moneybookers 1. INR>EUR then by bank 2. EUR> INR . But if u hv account in EUR at mb, there will be on way charges only that is EUR to INR by bank.

By: Umang

Umang — Sat, 21 Apr 2012 21:21:47 +0000

I withdrawed 3478 INR from moneybookers to punjab national bank and received only 2345 INR total loss of 1133+121(MB withdrawal charge)….it is very expensive will never use moneybookers again.

By: Swathi

Swathi — Thu, 19 Apr 2012 17:34:21 +0000

A very good article! I created a MB account in INR (i did not know that USD would reduce the charges) . I have my address and my bank account registered and verified. I lost my card recently so not verified it. Would that cause any problems when I withdraw funds?

One more question is I now want to withdraw 600$ from MB to my Axis bank account how much will be the charges?

I also have SBI account. which one will be better to use SBI or Axis pertaining to leverage charges?