Mastercard and Moneybookers New Payment Solution

Moneybookers has just launched a new prepaid card that will allow its users to access the funds in their Moneybookers eWallet directly at any ATM or point of sale displaying the MasterCard Acceptance Logo. This is available worldwide with all the confidence we usually place in a mainstream payment processor like Mastercard. A card with unique characteristics customers using the Moneybookers MasterCard, issued by Newcastle Building Society in the UK, will not have to split funds and separately preload the card. The Moneybookers MasterCard allows instant access to the funds in the customer’s Moneybookers eWallet. This feature gives the card use simple which makes it suitable for managing funds in a wide variety of applications. Customers can shop online and offline, users can both book holiday flights and pay for their souvenirs all while traveling. Businesses can pay their suppliers and be directly connected to there funds via their Moneybookers eWallet. The card is available for all Moneybookers customers with a one time set up fee then an annual fee of 10 euro, and withdrawal fees set at Euro 1.80 and FX fee at 1.99 percent. The card will initially be available in four currencies, but is expected to expand.

Kriya Patel, Head of Newcastle Card Solutions Limited 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.” adding, “As the largest provider of MasterCard prepaid cards in the UK and Europe, NCS is pleased to work in partnership with Moneybookers and together drive further the development of the prepaid cards industry,"

Co-CEO of Moneybookers, Martin Ott, commented on the agreement, “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.”