Moneybookers.com is an online payment solution with offices headquartered in London. It boasts over 10.8 million account holders and bills itself as "Your wallet for the internet." Transactions from customers to merchants, transfers by customers to bank accounts, and payments received by customers can be executed using an e-mail address.

Touting itself as a "true global payment solution," Moneybookers, in its own words, "welcomes customers from the UK, Europe and every nation of the earth (subject to regulatory restrictions)." It processes transactions in real-time, and from the merchant side, packages its product as one that is ideal for business organizations. Because of its ease of use and efficiency, there are a number of online bookmakers who have taken on Moneybookers as one of their alternate payment options.

Moneybookers is registered with the Financial Services Authority in the United Kingdom. Part of that regulatory activity includes:

• Capital requirements & liquidity
• Float Management
• Management & Vetting at Entry
• Systems & Controls
• Money Laundering
• Limitation on Business Activity

Moneybookers works on a model whereby if you have an e-mail address, you can send money, receive it, and transfer funds to and from your bank account. Purchases can also be made online through Moneybookers, and the customers do not have to reveal the specifics of any credit card information. This facilitates a feeling of confidence and security on the part of the customer.

If you know the recipient's e-mail address, you can send money. Imagine how easy it is to set up an online gaming account using Moneybookers. And even though the peer-to-peer transactions have nothing to do with the business done between you and the online bookmaker, it is good to know that once you have opened the account with Moneybookers, you can do many more things with it.

Accounts must be funded by the customer, usually by a transfer coming from a bank account. But accounts can also be funded through credit cards like Visa, MasterCard, American Express and Diners Club. Fees for sending money are low; they amount to 1% with a maximum of .50 Euros. There is no fee to receive money through the system. There is a complete list of methods to upload and withdraw funds - by country - available on the website. After the account is funded, it can then be applied to funding your bookmaker account.

Customers from the U,S., Turkey, Israel, China and Malaysia cannot use Moneybookers to send money to gambling sites.

Customer support is available from Moneybookers from Monday through Friday from 9 AM to 6 PM GMT. There is also a "Messaging Centre" through which customers can receive support they can submit through an e-mail form.