WebMoney - A Handy E-Wallet Offering Accepted at Online Casinos
WebMoney is an international settlement system that is intended mainly for web-based business transactions. Created in 1998, WebMoney currently has more than 32 million users all over the world.
WebMoney offers a wide range of services that enable users to keep track of funds, obtain funding, resolve transaction-related disputes, and perform secure transactions. The system utilizes a standardized interface that allows users to manage valuables stored as WM units within the WebMoney system.
For online casino players, the WebMoney service that will likely be most utilized is the eWallet service. This particular service enables casino players to transfer funds to and from online casino accounts that support the WebMoney payment system.
Funds may be transferred to online casino accounts from WebMoney accounts, which can be funded by a wide range of funding methods. Winnings and bonuses from online casino accounts may also be deposited into the WebMoney system, and withdrawn as cash using one of several withdrawal options offered.
How Does WebMoney Work?
WebMoney offers a range of standardized interfaces by which payments can be made and funds transferred to other individuals and online merchants. The system also provides tools for managing property rights for valuables, which were held by companies known as guarantors. These valuables–measured in WM units–are contained in WebMoney purses, which in turn are registered with the system’s guarantors.
Users of the WebMoney system can register as many WM purses as they wish. All purses belonging to a single user are combined into a single repository known as a “keeper”, which is assigned a unique identification number known as WMID. In addition to allowing transactions with purses, WMIDs also enable members of the WebMoney system to enter into contacts with other members and to exchange legally binding messages.
| WebMoney Facts | |
|---|---|
| Type | e-Wallet / Online Payment System |
| Deposits | Yes |
| Withdrawals | Yes |
| Deposit Fees | 0.8% to 2% |
| Withdrawal Fees | 0.8% to 2% |
| Headquarters | Moscow, Russia |
| Contact Details | Phone: +7 (495) 727-43-33 |
| Website | https://www.wmtransfer.com |
How to Create a WebMoney Account
In order to create a WebMoney account:
- Go to the WebMoney site’s “sign-up” page.
- Click on "Sign Up".
- Enter your mobile phone number.
- Enter your personal information and email address. You will then receive an email with a registration code.
- Enter the registration code on the sign-up page and or click on the link in the email. You will then receive an SMS code.
- Enter the SMS code on the sign-up page.
Funding Your WebMoney Account / Making A Transfer to A Casino Account
WebMoney provides several methods by which you can fund your account, including:
- Bank cards
- Bank account
- Electronic money
- Prepaid WM cards
- Cash (via cash terminals)
In order to deposit money into an online casino account:
- Go to the casino’s “deposits” page.
- Select “WebMoney” as the deposit method.
- Specify the amount you wish to deposit. You will then be directed to the WebMoney interface.
- Download the WebMoney Keeper if necessary.
- Select your preferred WebMoney payment method.
- Follow the on-screen instructions.
- Confirm the transaction.
Making a Withdrawal From WebMoney
The withdrawal process from an online casino into a WebMoney account is simple:
- Go to the casino’s “cash out” page.
- Select “WebMoney” as the withdrawal option.
- Specify the amount you wish to withdraw.
- Confirm the transaction.
Once the funds are in your WebMoney account, they can be withdrawn via the methods used to deposit funds into WebMoney.
Security and Privacy of Your Personal Information
WebMoney makes every effort to ensure the protection of all personal and bank information provided by its customers. All data is stored in accordance with the most stringent secretary standards of the electronic payment industry. Furthermore, each transaction conducted via WebMoney is subject to no less than three authentication processes:
- Password log-in
- Personal digital certificates
- Secret key files
Fee Summary
There is no fee for opening an account with WebMoney. All transactions have a standard fee of 0.8 % of the transaction amount, with a minimum of 0.01 WM and a maximum of 50 WM.
Bank transfer fees typically cost 2%, along with any other fees that may be charged by the receiving or source bank.
Customer Service
The WebMoney website is available in three languages: English, Russian, and Spanish. The company’s customer support staff can be reached via the online contact form on the company’s website or by phone. Replies can typically be expected within a few business hours.