LONDON, August 5 /PRNewswire/ --

- Moneybookers Now Opening Over 5,000 Virtual Accounts Everyday

    - Merchants Now Using Moneybookers in Over 40 Countries



Moneybookers, one of Europe's largest online payment systems, today
reached its target of opening five million accounts well in advance of
schedule after enjoying rapid growth in Europe. Moneybookers, which is now
one of the largest providers of e-wallets worldwide, also now offers an
extensive payment network and combines a limitless money transfer service
with local payment options in more than 40 countries for online shopping and
transactions.

"Our simple and cost-effective payment solution allows every online
merchant to offer its goods or services to anyone all over the world by
accepting an unrivalled choice of domestic payment options and currencies -
making e-commerce as borderless as the internet", comments Martin Ott, Co-CEO
of Moneybookers. "At the same time, online shoppers can use the free
Moneybookers account to pay online quickly and safely, without having to give
out their personal banking details.

Using a Moneybookers e-wallet, money can be transferred at very low cost
to anyone in the world in real-time. Even if the designated recipient does
not own a Moneybookers account, the transfer can still be carried through to
anyone with an email address. In this case, the recipient is notified of the
deposit and given instructions for setting up a free account and claiming the
payment.

"As well as providing a simple and cost-effective solution, we also have
a highly viral business model which has helped drive customer acquisition",
continues Ott. "We're also becoming increasingly popular with merchants as
our payment gateway is so easy to integrate and we guarantee zero
chargebacks."

Unlike other money transfer services, Moneybookers offers very low fees
and a very transparent fee structure. Getting registered, managing your
account and receiving money are totally free of charge with Moneybookers. For
money transactions between two account holders, the sender pays only 1 per
cent of the transferred amount or just 40 pence - whichever rate is cheaper.

At the same the Moneybookers offers one of the securest payment solutions
worldwide. A specially arranged security department is able to
unconditionally guarantee that their customers' personal data is protected
while sending and receiving money.

About Moneybookers

Moneybookers Ltd. (http://www.moneybookers.com) is one of Europe's 
largest online payment systems offering domestic payment options in 40 
countries and customer service in 12 languages. With over 5 million 
account holders Moneybookers is one of the largest e-wallets worldwide. 
Moneybookers enables any business or consumer to securely and 
cost-effectively send and receive payments online, simply by using an email 
address. More than 10,000 merchants use Moneybookers' gateway product, 
among them global ecommerce brands such as Skype, Foto.com, and QXL 
Ricardo. Dr. Thomas Middelhoff serves as the Chairman of the Board. 
Moneybookers was founded in 2001 in London and is regulated by the 
Financial Services Authority of the United Kingdom (FSA).

For more information please contact Toby Walsh at Rhubarb PR on 
+44(0)777-337-4545