online payment services
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Online Payment Services

Online Payment Services – What are the best ways to deposit and withdraw money?

Anyone who trades in online capital markets, like binary options and Forex, or simply transfers money online, should use an online payment services account. There are several companies that offer this service.

Specifically for the binary options brokers or Forex, the two companies that offer the best conditions in terms of safety and quality of service are Neteller and Moneybookers/Skrill.

The advantages of using this kind of online payment service account and not a normal bank account or credit card are:

> Speedy deposits and withdrawals.

> Easily transfer money anywhere in the world, and make payments in shops and withdrawals at automatic teller machines.

> Access to a MasterCard prepaid card.

> Lower commissions and lower rates than those on traditional bank accounts and credit cards.

> Ability to move the money to another online payment service account that you may have. You can transfer from one to the other if you need to.

> The currency is automatically converted to the currency that the merchant uses, you may pay a small fee.

> The credit card is prepaid, so there is no problem with fraud like in normal credit cards, because only the card balance can be spent. Additionally, the online security systems behind the two companies are very difficult to break.

> The cards from both companies are free of charge. Normally a mailing a fee is charged for sending the card. Shipping takes about 3 weeks. There are no annual fees.

See the table below that compares both online payment services – Neteller and Skrill / Moneybookers.

Company
Regulating Entity
Deposits
Withdrawals
Open Account
neteller
FCA - UK
Bank Transfer, Bank Deposit, Credit Card, MB, Other MerchantsNet+ Card, Bank Transfer, Cheque, Other Merchants
moneybookers abrir conta
FCA - UK
Bank Transfer, Bank Deposit, Credit Card, MB, Other MerchantsSkrill Card, Bank Transfer, Credit Card, Other Merchants

If you have any questions or suggestions about Online Payment Services don’t hesitate to comment below. You can also contact me by chat or from the contact page.

Rui Oliveira

Trader for more than 20 years and author of several blogs. After the success of my Binary Options training lessons, I decided to offer my services on a worldwide basis. That is how this blog was born. I hope you enjoy it and share it. Thank You.