E-wallets are easy to get a hold of and use for multiple payment transactions which is why a lot of online payers are using them. E-wallets provide several advantages over other payment methods making it a favorite online payment method. One e-wallet that justifies its advantages is WebMoney, the number one e-wallet in Russia.
“Having WebMoney manage your payments in your online casino account is safer and easier to manage than any other mode of payments available.”
WebMoney started its function out of Moscow as an e-wallet payment solution since 1988. This payment option is mainly used for Russian and Eastern European population since. Today, there are in fact over 3 million Eastern Europeans who use WebMoney in various online casino transactions. WebMoney is an e-wallet that functions like the many other known e-wallets like PayPal, Neteller, and Click2Pay. Its state-of-the-art service in the field of online payment makes it the most trusted e-wallet provider in Russia.
For Russian online casino players, WebMoney is a highly regarded casino payment option as it provides its users with not only convenience in making their deposits on their online casino but also security which is an important factor to consider when making transactions to online casinos. Instead of giving away your personal banking details directly to your chosen online casino for payment transactions, it is safer to have your payments managed by a payment service that ensures security in their clients. Also with WebMoney, you can have control over your cash flow within your casino account.
Before you will be able to use this payment service, you will be required to sign-up for an account which is an easy procedure to do. This is done in a matter of minutes with a few steps away to creating a legitimate e-wallet account. All you have to do is to provide for your active mobile number, enter the personal details that are asked for such as name, email, location and etc., have your number verified, create your unique password and lastly, choose the currency that you want to use your e-wallet in. The currencies that WebMoney supports are Russian, Belarusian or Ukranian Doubles, US Dollars, and Euros.
Once your account is activated, you will be provided with few options of how you want to use your WebMoney. This part can be a bit complicated since you will be choosing some functionality that you would need. To summarize your options, here are the few options on how to use WebMoney:
1.Install WM Keeper Classic
Install this on your computer to have full functionality; however, it is only available for MS Windows.
2.WM KeeperWebPro Light
Includes installing a WebMoney personal transfer certificate, access to WM Keeper Light and gain access through an authorization service E-num.
3.Keeper Standard Mini
It doesn’t provide access to all of the WebMoney features such as creating different purses for different currencies. Available for Mac users.
Funding Your WebMoney E-Wallet
You can top-up your WebMoney using VISA or MasterCard, money transfer, bank wires, internet banking, prepaid cards, vouchers as well as in cash-in terminals. These funding methods, however, have extra charges attached to them.
Deposit and Withdrawal to Online Casino
Once you have made an account with WebMoney, loading up your online casino account is easy. Like how many other e-wallets work on online casinos, users only have to choose WebMoney as the preferred payment options, log in on the WebMoney account, and lastly, confirm the payment with the WMID. Transactions using WebMoney are done in an instant so your online casino account will already be loaded up after the whole payment confirmation process so you can play right away.
While most of the e-wallets in the market only allow deposits in their list of services, WebMoney can be used by the users as their mode of withdrawal of their payouts from the online casino. Withdrawing funds via WebMoney will impose additional charges like the 0.8% service fee plus depending on the type of WebMoney purse used in withdrawals. This process may, however, take a few days to complete its transaction. Other withdrawal options related to WebMoney are the following:
- Bank transfer
- WebMoney Bank Card
- Postal Remittance
- Through bank branch/agent
Here’s a little advisory to all users though, almost every transactions made with WebMoney has extra charges. WebMoney charges 0.8% as a transaction fee to every transaction plus other charges depending on the funding source you use aide from WebMoney alone. Here are some of the extra fees that may be charged for users’ guide:
- Conversion fee
- Transaction fee of 0.8 % transaction fee from WebMoney
- 4 % at WebMoney Exchange Offices
- 5 % fee from bank card
- 2-10 % charge from cash-in terminals
- 5 % from bank wire
Just like any other e-wallets, payments are made with WebMoney are safe with its state-of-the-art SSL and Encryption technology used in every transaction. In addition, all WebMoney servers are guarded by an intricate firewall system that blocks any third party interference in any transactions. Lastly, all payment transactions are made anonymous so that no bank details are used in any transactions.
WebMoney is originally geared towards Russian nationals; however, it can also be used in other European countries. Although it is available for use for some countries aside from Russia, money transfers may take longer compared to when it is used within its main operation area. This payment service supports Rubles, Euros and US Dollars.
WebMoney customer support is efficient, especially for the Russian customers. While the official site has an available page in English, Spanish, Turkish and Portuguese, some pages of the site remain in the Russian language. For any concerns regarding accounts and other payment transactions, users may reach the support portal found on the site to report their problems. Also, the official page has an FAQ section that can be read for users’ guide to its services.
Secured Transactions protected by the latest SSL technology
Instant deposit to online casino accounts
Payments are anonymous
Can be used for withdrawals
Can be used via mobile
Charges for all its features and services
Need for registration to use the payment service
A complex system to use
Can be used via mobile but needs software to download and use
WebMoney is an e-wallet provider that is trusted by many online payers most especially in Russia. With its convenient service, despite being a bit complicated system to use, proves its worth as a trusted online payment solution to all of its clients, supporting them in having convenient and secure online payment transactions.
What is WebMoney?
WebMoney is a payment platform for online transactions. It has over 25 million clients which is a sign of its great reputation. It was created in 1998 which makes it a pioneer in providing online payment services. It’s currently owned and operated by WM Transfer Ltd which is based in Moscow, Russia.
Is WebMoney a legitimate payment method used at online casinos?
Yes, WebMoney is a legitimate payment method for different online transactions. It’s been in operation for 20 years which makes it a trustworthy and reliable online payment method. It’s also proven to be safe and secure.
What are the advantages of using WebMoney for online transactions?
One of the advantages of using WebMoney is its top notch security since it uses the latest SSL encryption technology. Transactions completed through WebMoney are also kept anonymous. Unlike other e-wallets, WebMoney can be used for both deposit and withdrawal purposes. It’s also fast when it comes to processing online transactions.
What can be considered disadvantages of using WebMoney?
WebMoney has a couple of disadvantages and one of them is it charges fees for majority of online transactions. It also requires potential users to complete its registration process before its services can be used.
How can a player create a WebMoney account?
The player must first create a WebMoney account before he can start using its services. On its official website, the player must completely fill out the sign-up form. The first step is to provide the client’s mobile number. Then, the client will be asked to provide personal details. After that, the player must verify his phone number. He’ll be asked to create his password. The final step is to select the currency he’ll be using for different online transactions. Once he’s able to complete the registration process, he can start using WebMoney.
What’s the process for deposits through WebMoney?
To deposit funds to the client’s online casino account, he must first go to its ‘Banking’ or ‘Cashier’ page. Then, select “WebMoney” from the deposit options. The client will be redirected to WebMoney’s page where he needs to provide his password and complete a quick verification. After indicating the amount that he wishes to deposit, he’ll be taken back to his preferred casino’s page and the transaction will be processed immediately.
What’s the process for withdrawals through WebMoney?
If the client used WebMoney for deposits, he’ll be able to use it again for withdrawals. The procedure is pretty similar. After choosing WebMoney as the withdrawal method, the client will be redirected to WebMoney’s page where he’ll be asked to provide the password and complete a quick verification. After providing the exact amount that the client wants to cash out, the withdrawal transaction will be processed.
What’s the average processing time for deposits and withdrawals using WebMoney?
WebMoney instantly processes both deposit and withdrawal transactions. Once the client has received an email confirmation of the transaction, he’ll be able to see his deposited or cashed out funds in his online casino account or personal bank account.
Which online casinos accept Webmoney as a payment method?
These are some of the online casinos which accept Webmoney for online transactions: Casino Cruise, Nordicbet Casino, PlayFrank Casino, Jetbull Casino, Quasar Gaming Casino, Lucky Nugget Casino, River Belle Casino, Jackpot City Casino, Uptown Aces Casino, Flamantis Casino, Vbet Casino, Mansion Casino, and BetAdonis Casino.
What are the fees to be paid by the player when using WebMoney for deposit and withdrawal purposes?
For every transaction, clients will be charged 0.8% of the deposited or withdrawn amount. It has one of the most affordable processing fees when compared to other e-wallets.
What are the types of WebMoney available for players?
WebMoney offers four account or ‘passport’ types for its clients: Alias Passport, Formal Passport, Initial Passport, and Personal Passport.
The Alias Passport requires the most basic identity verification and it’s initially issued to new WebMoney accounts.
This type of account can only be used for deposits and not for withdrawals.
The Formal Passport requires an extra level of identity verification and it can be used for both deposit and withdrawal purposes.
To get the Initial Passport, the client must meet with a WebMoney’s agent.
Lastly, the Personal Passport is suitable for online gamblers who usually deposit high amounts of cash for casino playing.
What are the other uses of WebMoney?
WebMoney offers a lot of financial services for its clients. Under personal services, users have the following options: ‘Top-up’, ‘Pay’, ‘Withdraw’, ‘Get a Loan’, and ‘Raise Funds’.