Moneybookers and Paypal Bank Withdrawal Comparison

If you are working with foreign clients, chances are you will need to have accounts on either Paypal, Moneybookers or some other similar services. Paypal is currently accepted almost everywhere, it provides the best features and in my opinion, the Paypal web interface is the cleanest and easiest to use while providing a detailed information for each transaction. Moneybookers on other hand is also a growing alternative to Paypal, it is also widely accepted, but the downside for me is their web interface is somehow lacking and they didn’t provide a detailed information for each transaction like Paypal did.

They are both excellent, quick and cheap service to receive your money. Now I will going to compare the withdrawal process from both service, comparing the fee, rate and the time it needed to arrive to my bank account.

The oDesk Debit MasterCard powered by Payoneer


The above picture is the oDesk Prepaid Debit MasterCard that is powered by Payoneer. As you might know already, Payoneer offered a prepaid debit card for every member of its partner company. I got mine from oDesk. Here is my personal experience for using this card and also there is some comparison with Paypal regarding the fees. 🙂

Yesterday, I finally received my oDesk Debit MasterCard. It takes approximately 3 weeks from approval into arrival. FYI, I got my card approved in 4 days after registration and it sended through regular mail. Once it is arrived, I activate the card immediately and withdraw my remaining oDesk balance into the card. I was withdrawing $50 into the card.