Are you tired of the limits on Moneybookers? Trying new schemes!

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Are you tired of the limits on Moneybookers? Trying new schemes! As you have read in previous articles or learned from experience working with stock photo agencies, the basic way to withdraw earned funds when working with the main photo banks for microstockers from the CIS and other developing countries has been and still is Moneybookers.
The fastest and most convenient way to withdraw money from the Moneybookers account is to withdraw directly to a Visa payment card no lower than the Classic level (it can be Electronic, but that depends on the specific bank). However, catching the required withdrawal limit cannot be done in one go and one minute. Catching the limit on Moneybookers turns into a game like “Squash the fly that keeps moving.” Ordering a payout to a bank account is not always convenient for two reasons: first, it takes a week to a month for the money to be credited, and second, the transfer fee can be around 20-30 dollars. Moreover, your bank might also have a fee for crediting funds to your account of about 1% of the amount. So for small sums, say around 100 dollars, withdrawing to a bank account can be quite an expensive pleasure. However, from my experience, I can say that the key factor remains the convenience of receiving money. Since, if money from Moneybookers is transferred to a bank account, while you find out at the bank whether the money has arrived, and then you still need to go there to withdraw it – the process is quite tedious. In this regard, using a payment card for crediting has always been a priority for receiving payments.
In light of the above circumstances, the question of finding convenient schemes for withdrawing money from Moneybookers remains relevant for microstockers. Let’s try to find possible solutions to this issue.
The first thing that comes to mind, and has long been tried, is to try to link a payment card to a bank account. This is probably the easiest and correct way, as for Moneybookers this will be a withdrawal to a bank account, and for you, in fact, a withdrawal to a payment card.
What do you need for this? You need to find out from your bank which account number corresponds to your payment card (don’t forget to also ask for the bank’s SWIFT code). After that, you will need to enter the obtained account number on Moneybookers. Moneybookers will require verification by sending 15-20 bucks to the account. You order the payout, after the funds are credited, call or go to the bank and find out the password that was specified in the transfer purpose. After that, you enter the received password on Moneybookers in the verification field. That’s all, now you have your card account verified in Moneybookers and you can order withdrawals from it. However, since the linked account is essentially a card account, in the future, after ordering a payout from Moneybookers, you will only need to insert the card into the ATM and check the balance. But now it can be any card from any payment system, meaning any card that your bank can offer you. Just pay attention to the fact that if you want to try transferring to a payroll card, which is very common now, or any other card you already have, you need to check that the card’s currency matches the currency of the amount being transferred. Or you need to clarify with the bank that the card can support multi-currency or that the bank performs auto-conversion for credited amounts. Additionally, you should pay attention to certain nuances of card management in banks. Some banks keep track of card accounts in separate automated systems, and the account number they give you may ultimately not allow a credit transfer from Moneybookers.
A very convenient banking service is Internet banking or mobile banking. You can receive all information about credits to your accounts via your mobile phone or through the bank’s website. So with this service, you won’t even have to get up from your computer to find out if the money has been credited to your card and what amount has been credited.
There is also another scheme for withdrawing money to avoid hitting limits. If you have a Payoneer payment card, for example, it is offered to be obtained on stock photo agencies dreamstime or istockphoto for receiving payouts from a photo bank. With this card, you can open a virtual currency account on Payoneer – Virtual US Account. By the way, this system often sends out emails offering to open such an account. If you haven’t received such an email, to open an account, it will be enough to contact Payoneer customer support. After opening a virtual currency account on Payoneer, you will need to indicate this account in your Moneybookers account and, in the future, withdraw money to it. With this withdrawal, the money from the account will be transferred to your Payoneer card. This way you can completely avoid using local banks in your withdrawal scheme from Moneybookers. Additional expenses for this withdrawal scheme will be about 20 dollars a year for maintaining the Payoneer account.
These are some schemes for withdrawal. Perhaps someone has already found and used more ideal options, but, understandably, this topic won’t be disclosed. And this is clear because the more people use various loopholes, the faster such loopholes will be closed.

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Comments (10)

Good day! Please provide the withdrawal limits and timelines. Thank you in advance.

Hello!
Limits are set based on a 90-day period. I have already described the situation and the limit breakdown somewhere in the comments. Without verification, the limit will be minimal, around 1K. By verifying the address, credit card, and bank account, and sending scans of documents, you can raise the limit to 15-20 thousand. If you wish to remove limits altogether, you need to become a VIP. In this case, the withdrawal limits are completely removed.
Withdrawal times usually take 3-5 business days. You can order their card, which will provide the fastest access to funds.

“This is probably the easiest and most correct way, as for Moneybookers it will be a transfer to a bank account, and for you, in fact, a withdrawal to a payment card”.

If for Moneybookers this will be a transfer to a bank account, then all the inconveniences of this method will also apply: a fee of $20-30, money crediting from a week to a month.
And the only advantage is convenient management of finances on the account using the card.

Or am I missing something, and a bank account and a payment card account are different things in this case? And when withdrawing funds to the ACCOUNT of the payment card (not to the card itself), are there any different rules?

Yes, that’s absolutely correct. A payment card is an access tool to a bank account. So, when you open a payment card, you essentially open a bank account + access tool (card). Thus, working with such an account in Moneybookers is possible both directly and through the card. If you work with Moneybookers through the account, all transfers will go via the SWIFT system. If you use cards, more precisely, the card details with Moneybookers, then transfers will go through the Visa payment system.
I hope I haven’t confused you 🙂

Hello! Thank you for the article! I liked the idea of linking a card as a bank account. The problem is that the bank where I work doesn’t inform clients of the account linked to the card.
However, I use online banking, so it’s not a problem to transfer from the account to the card without commission.
Still, please explain why there’s a commission of $20-30 when transferring to an account? I see that for Bukers, the commission is the same for both card and account (this is even mentioned in your article about withdrawals).
It’s good that there’s no commission for crediting to the account.))

Good day!
When transferring to an account, intermediary banks may charge fees…
Whereas when transferring to a card, the transaction goes through the Visa payment system, which does not charge anything additional…

1) “The commission for the transfer can be around $20-30”

2) “If the money from Moneybookers is transferred to a bank account, then while you find out from the bank whether the money has arrived, and then you still need to go there to withdraw it – the process is quite tedious.”

3) “It will require verification by sending $15-20 to the account.”

All of the above is nonsense. If you don’t know, better not write such things. I’ve been using it for several years
1) $1-4 for withdrawing money to a bank account
2) Have you not heard about online banking and SMS notifications?
3) About $1, but you can always manage without it.

Dear Igor, I think you are confusing some concepts. Withdrawal to a BANK account and to a BANK CARD are completely different technologies that vary in their costs. Believe me, as a former bank employee. Everything you took issue with related to the technology of withdrawing money to a bank account, while your refutations pertained to the technology of withdrawing to a bank card…
Please read more carefully and do not create informational noise over nothing.

Thank you, I didn’t know about the second method…

As they say: live and learn. 🙂

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