WebMoney is an online payment solution that allows registered users to send and receive transactions from and to other WebMoney users and online merchants. This system was established back in 1998 in Russia and is one of Russia’s largest digital payment providers.
WebMoney is operated and owned by Russian company WM Transfer Ltd. Today, the company has more than 40 million registered accounts and 300,000 active weekly users. Furthermore, more than 100,000 shops accept payments via WebMoney.
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Besides basic online transactions, the system allows its clients to make all sorts of online financial transactions. To exchange currencies, raise funds, get loans, pay utilities, pay different public services and taxes, purchase online games, pay internet, manage funds, etc. WebMoney also issues virtual and physical Mastercard and Visa debit cards and offers different “purses” (eWallets).
To use WebMoney eWallets, as there are many, you first need to sign up. This procedure is quick and requires you to provide your email, mobile phone number, set your password, and select the currency for your purse. You can choose from the euro, Russian ruble, US dollar.
Once the registration has been finished, you will receive a 12-digit identification code, WMID, that is connected to your wallet. This identifier and your password are necessary to log into your purse. Your email and mobile phone number can also be used to log-in. However, you are not limited to using just your eWallet. You can also use other tools and services that this method has.
Furthermore, you can select your purse management system – WebMoney Keeper – that can be a standard web-based one (for personal use), compatible with any browser, including mobile, or a WebMoney Keeper app. You can download it from Google Play and Apple Store for free.
For professional use, you can select Keeper WebPro (Light), Keeper MiniPro (Classic), and WebMoney Keeper Pro.
You are allowed to have more than one purse. However, despite the number of wallets you have, you need to deposit some money there to be able to make other online transactions using these wallets.
You can top-up your purse using cash, bank cards, internet banking, prepaid cards, ATMs (cash-in terminals), bank accounts, or electronic money. To top-up the wallet using cash, you need to find one of many authorized affiliates and make direct payments there.
How to Deposit via WebMoney?
To deposit money into your live casino balance, you only need the WebMoney account and a topped-up wallet ready for transactions. Visit the cashier page and find this method.
Select it as your preferred payment method and enter the amount you want to deposit. The WebMoney login page will appear, allowing you to log-in and confirm the payment. To verify the transaction, use your WMID (WebMoney identification code).
How to Withdraw with WebMoney?
Most online casino providers that offer this method as a depositing method allow withdrawing funds using WebMoney. However, we advise you to first check all the details in the payment T&C, FAQ section, or to ask online casino directly through a chat option. Some casinos have different requirements for WebMoney cashouts.
To cash out the winnings, go to a cashier page again, and once more select this method, this time as your withdrawal method. Enter the amount, log-in, and confirm the transaction.
Transfer Times, Fees, and Security
Deposits are almost instantly available for gambling, once the transaction has been confirmed with your WMID. However, the cashing out lasts longer, up to several business days.
This method charges a fixed fee of 0.8% of the amount for each transaction. The company explains this fee as a charge for providing informational and technological interaction between service users.
WebMoney charges different fees based on the currency and depositing/withdrawing methods.
For example, a bank account payment via internet banking will cost you 2-3% + €0.2 or $0.2. The same fees are charged for deposits from the cards (Visa and Mastercard).
Withdrawal in USD to a bank account will be charged 0.6%. The minimum amount that can be withdrawn is $100, and a maximum is $600.
This method is a secure payment option, as it uses the latest SSL technology and encryption for each transaction. The service is also entirely anonymous. It doesn’t share any sensitive data with the third party involved.
Also, WebMoney uses E-NUM, an advanced information security system that allows users to store their WM Keeper keys in the database, fully protected against malicious attacks. In this way, WebMoney guarantees the safety of all your eWallets and online payment services.