Online e-commerce payment systems offer an increasingly popular way in which to move money online. Binary Options brokers have been quick to recognize this and now widely accept account funding from many established payment processors. Skrill (formerly Moneybookers) is one of the largest and most respected. It has grown steadily since it was first launched in 2002.
The Skrill payment system offers a viable, low cost and above all secure way in which to transfer money online. It is authorized by the Financial Conduct Authority (UK) under the Electronic Money Regulations and takes considerable steps to prevent money laundering and uphold users security.
This digital wallet is now regarded as a viable funding alternative for your binary options account when compared to many more traditional methods such as Credit /Debit card funding and wire transfer. You can send and receive money both domestically and internationally for a rate of just 1%. This compares very favorably with wire transfers which can incur significant costs for both the sender and receiver.
Transfers and withdrawals are made from the secure Skrill website. These are normally processed the same day and take only a few working days for the transfer to complete. From the website you can also check your balance and view recent transactions. Accounts can be funded from a linked credit or debit card. You can also set up regular payment subscriptions from your account.
An added benefit comes if you choose to set up a Skrill Prepaid Mastercard. This can be pre-loaded with funds from your Skrill account. You can then carry this on your person and use it globally. It can be used both online and offline to fund your transactions wherever the Mastercard card is accepted.