Moneybookers no longer a payment option

I just logged into Moneybookers to make a payment to one of our contributors and saw this message.


Warning

IMPORTANT NOTICE

We regret to inform you that payments between US customers, and US customers and international customers using the Send Money service are no longer supported.

We apologise for any inconvenience caused.


We are still reviewing our options but I believe that going forward we will have to pay out international contributors via check. Has anyone else heard of this news?

Using Paypal and Moneybookers to get paid

We have three ways of paying out users of which two, Paypal and Moneybookers, I will outline below. The other option is payout by check.




The Paypal solution of payment is used on the Cutcaster web site for three reasons:

To allow users to buy images or photos by using their Paypal account

To pay commissions to photographers who earn money selling photos through Cutcaster

To allow users to get paid cash from affiliation revenue.


In these three cases, customers and photographers must have a Paypal account. Below we will outline how to open a Paypal account.

Paypal is a free solution, which allows users to transfer money to anyone with an email address or securely purchase items from internet sites (for example, purchase any photographs from Cutcaster). In addition, Paypal customers may receive payments to their Paypal account (This could include commission payments to photographers or money earned from referring buyers and sellers to Cutcaster). At anytime, Paypal customers may transfer money to their regular bank account without any Paypal fees for sums of more than $100 and a $1 fee if less than $100.

Paypal is a subsidiary of eBay, one of largest companies on the Internet.

To create a Paypal account, click on your country below to get started:

If you are American: Paypal US

If you are Canadian: Paypal Canada

or Paypal Worldwide

For those countries not approved under Paypal you should sign up for a Moneybookers account.

Depending on your country, you can send and receive funds via checks, bank accounts and even credit cards. Fees are outlined here.

Register in Money booker

Moneybookers is available in many languages among them English, German, French, Italian, Spanish and many more. Registration only takes but a few minutes. Money booker is a British company based in London used by more than 1.5 millions people.

[MoneyBookers.com]

Get paid money via Paypal or Moneybookers

At Cutcaster, you can easily get your payouts using Paypal or Moneybookers. You must click the "Transactions” tab in the Mystudio area and then click on the "My Payouts" section. Your account must contain at least 20 dollars to request a payout. You must register with Paypal or Moneybookers before getting paid out. As soon as money has arrived to your account you will be notified by email from Paypal or Moneybookers.

Be sure the email address entered in the registration page at Cutcaster.com matches exactly to your email address in your Paypal and Moneybooker's account.

Paypal Website Payments Pro Payflow Edition

Does anyone have any experience with this service? I believe it is a pretty new service and differs with their Payflo Pro Edition.

Also for the international readers, does anyone have any experience using Moneybookers? Cutcaster is looking to offer it as an option to submit payments to foreign sellers. Moneybookers enables any business or consumer with an email address to securely and cost-effectively send and receive payments online right there and then in real time. One can use Moneybookers to send money via email, like Paypal, from your credit/debit card or bank account, you can do it online, and you can also collect money via email. I believe this is more for international markets.