I agree with you. I think it’s absolutely ridiculous, I know PayPal does the same thing but only when you’re account is “limited” or in bad status for whatever reason.
Man are they horrible, I just learned after using them for a week.. They even told me they might extend the 30 day hold if they feel the need to. Only thing i can do at this point is refund the buyer and even then I will have to pay to refund the buyer.. How do they expect me to ship anything out? It’s definitely worse than PayPal, even though PayPal has their problems and are assholes too!

I am using the site called Mylot which pays for discussions participations and tasks. I don’t know how I should withdraw money from them.

http://www.mylot.com/?ref=anitha123

Identity verification through a bank account

In order to verify your bank account, you need to request a bank transfer withdrawal with an amount less than SAR 60.00. We will then make a payment for this amount to your bank account and include a unique verification code in its reference field. This is the code which you will have to enter after you receive the payment.

1. any money paid in must remain in the account for 30 days before you can have it

2. the account must have a minimum £199 in as a reserve so class this as lost money because you will never see it unless you upgrade your security settings

3. once your security settings have been upgraded they keep hold of 20% of turnover over 60 days

upon being told this I explained that our business needs the turnover of cash and therefore the payment processing they offer is useless and to close the account

It will still take over 30 days to get the money they are holding

Paypal has no problem so why do moneybookers?

MB has a very, very, very POOR customer service. and i am still unable to withdraw funds from this crappy online service.

DO NOT use MoneyBookers.