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Money bookers is a tool that allows you to safely send and receive money via email - instantly. The quantum leap in the way payments and money transfers can be executed can be compared to the one from letter to email.

Following the strategic vision of becoming the world’s leading destination for online payments, Money bookers aims to make this revolution a day-to-day reality.

When it comes to using your credit card on the Internet there are many security issues involved.

The issue of electronic money is a "regulated activity" under the Financial Services and Markets Act 2000 and the EU directive on electronic money.

Money Bookers Ltd. is authorised by the FSA to issue electronic money as a specialised electronic money issuer subject to regulatory requirements and supervision.

Key features of the regulation by the FSA include:

• Capital requirements & liquidity - It is required to maintain minimum levels of capital. There is an initial and continuous threshold of one million EUR own funds. They must also hold sufficiently liquid assets to be able to redeem all e-money issued and to meet their working capital requirements.
• Float Management - There is a clear set of regulations on how they can invest the funds received in exchange for the issue of e-money; this is essentially limited to pre-defined low-risk and highly liquid forms of investment such as Zone A government bonds with short maturity.
• Management & Vetting at Entry - Their management is scrutinised by the FSA and all individuals who perform key functions within their business need to be approved by the FSA as "fit and proper". Significant responsibilities such as finance and technical development and money laundering reporting must be apportioned between senior staff.
• Systems & Controls - They must protect their businesses from technological risks such as unauthorised creation, transfer or redemption of e-money. Care must be taken to implement systems and policies to ensure compliance with the FSA's codes of practice.
• Money Laundering - They need to comply with both the FSA Money Laundering Handbook and the Money Laundering Regulations 1993.
• Limitation on Business Activity - e-money issuing must be legally and operationally ‘ring-fenced’ from any other area of business risk, e.g. granting credit is disallowed.

With Money Bookers you can be sure that the money transaction is secure and they have very low transaction fees.

One or the greatest advantages is that with Money Bookers you can send and accept money from ANY country in the world.

Official web site of Money Bookers

More info about Money Bookers

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