Moneybookers Launches Prepaid Card

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Moneybookers is one of the leading electronic payment services providers to online casinos and other online merchants. Acknowledging the increasing use of prepaid cards to fund online casino accounts Moneybookers has issued its own prepaid card. The prepaid card is known as Moneybookers MasterCard. It will allow Moneybookers customers to access funds in their Moneybookers eWallet accounts at ATMs or other retail outlets displaying the MasterCard Acceptance Mark. This facility is available globally.

The Moneybookers MasterCard is being issued by the United Kingdom based Newcastle Card Solutions Limited (NCS). NCS is the largest provider on the MasterCard network in the United Kingdom and Europe and the third largest globally. Commenting on the Moneybookers MasterCard prepaid card Kriya Patel, Head of NCS, said, "The Moneybookers eWallet offers a whole new dimension in terms of convenience and this new card brings together for customers the benefits of a sophisticated online payment platform with access to their money offline, wherever they are, whenever they choose."

The innovative feature of the Moneybookers MasterCard is that users will not have to split funds and separately preload the card. The card synchronizes automatically and in real time with the funds in the user's Moneybookers eWallet. A spokesperson of Moneybookers claimed that they are the first major eWallet services provider to do this. This feature adds flexibility and convenience and makes the Moneybookers MasterCard suitable for a range of offline and online applications including funding of online casino accounts.

The costs associated with the Moneybookers prepaid card are among the lowest in the industry. Moneybookers customers have to pay a set up annual fee of €10. The withdrawal fees are €1.80 and the transaction fee is 1.99%. Apart from Euros the Moneybookers MasterCard is available in US Dollars, British Pounds and Polish Zlotys.

Moneybookers was founded in 2001 in London and is regulated by the Financial Services Authority of the United Kingdom. Since its inception it has seen phenomenal growth and has processed over €14 billion in online transactions. Over 12 000 new Moneybookers eWallet accounts are opened every day. Moneybookers has a great future because the alternative payment sector will comprise 30% of all online transactions by 2012. This is because online users are seeking alternatives to the banking system for day to day transactions. Martin Ott, co-CEO of Moneybookers, said, "We're very pleased to be launching the next step in online payments. We recently signed up our ten millionth account holder; as this sector grows our customers are increasingly looking to exploit the time and safety benefits of the eWallet in the real world."

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