Moneybooker Account: A Good, Reliable and Sometime Costly Way to Get Paid Online for Bangladeshi Freelancers

Now a days, a lot of talented individual start work as a freelancer on different area. And as per Bangladesh Bank source, a lot of Individuals working online and getting paid either in USD or Euro via there online Account like Moneybooker, Paypal etc which making Significant Amount of change on Foreign Currency Earn by Bangladeshi Nationals. Source also added due to some old rules & regulation, these talented, mostly young personals do not bringing the money inside Bangladesh & Expending it to buy useless things.

For this reason Bangladesh Bank is creating new rules and regulations for whom who work outside Bangladesh by staying inside Bangladesh. We can hope very soon Bangladesh Bank will permit Online Service like Moneybooker, Paypal etc.

Here I want to share a success story of a person, who is an software engineer mainly working in Bangladesh, but in idle time he is working as a freelancer and earning money which he could brought in Bangladesh successfully.

Mr. Zahid (Xahid), an software developer (coder) successfully finished his first Freelance Job and the payment for the job has deposit in his Moneybooker Account.

MoneyBooker isn't a new term among the Bangladeshi freelancer. Many of us withdrawing our freelanced money through moneybooker. Recently Mr. Zahid have withdrawn a little amount through it. This post is about some of the pros and cons of moneybooker transaction in Bangladesh.

Well it is a known issue, at present many of us (Freelanc worker) have faced problem of Moneybooker's over charged fees. Mr. Zahid talked with many of his fellow freelancer and became to know that they have faced the same issue earlier. He found there are freelancer who has charged by the Moneybookers USD$20 and when they query to Moneybookers, they get to know that Moneybookers has converted their USD currency to Euro, which make Moneybookers to cut USD$20 for the conversion charge. This problem is faced by the freelancer who used DBBL (Dutch Bangla Bank) for their Moneybookers transaction.

Now the question arises why Moneybookers converted from USD to Euro? Fact is some local bank doesn't accept USD from Moneybooker, so they convert the money to Euro and send it to the local bank which is totally wrong. Why DBBL do not accept USD from Moneybookers? They accept USD from different provider but not Moneybookers. What a Country. Look Like Every Bank has their own rules. Where Bangladesh Bank, the Central Bank of Bangladesh is present!. In this convertion process we loose the conversion fee+fee for the transaction! Duble Charge!

After knowing all these issue Mr. Zahid decided not to send USD in his Moneybooker account to DBBL. Only for these reason he opened a new Bank account in Uttara Bank Limited and transfer 49.49 usd from Moneybooker. Result? He received 3244 BDT, mean after deducting all charge he got 1USD:65.5BDT.

Earning this experiance of moneybooker he already transferred 100 USD more to the same bank and he is waiting for what will be the conversion he get.

From my own experiance, I will suggest to send (Actually Transfer) money in large unite. In every tranjaction Bangladesh Bank Charge USD$10 & USD$10 charge by your sarving bank. So If someone send you USD$25 to your account, you will only get USD$5; in other hand if someone send you USD$100, you will receive USD$80. So be aware of it.

Posted By:

Ahamed Bauani

Freelance IT Advisor

Expert on Internet Routing both on IPv4 & IPv6

http://www.bauani.org/

Copyright Notice: The main article was taken from Mr. Zahid's own Blog, which he called as Xahid's Blog. You can Found the Original Posting by Clicking Here

Related Post: Moneybooker Account: A Good an Reliable Way to Get Paid Online for Bangladeshi Freelancers