Being able to handle, manage, and secure your finances is a critical part of modern life, and while most people have their money safely in a bank, it’s not always possible to physically visit their bank when they need to perform financial transactions. Luckily, there is a way to be able to access your funds wherever you may be, just as long as you have a stable and secure Internet connection: WebMoney.
WebMoney is an online payment system that is used by thousands of users around the world to connect them with various financial institutions and sellers. It can be used for many different types of transactions, for both personal and professional services. For personal uses, it can be used as a way to top-up a digital wallet, pay bills, or purchase goods. For professional uses, businesses can use it to accept payment from customers, make payments to their suppliers, and manage their company budget.
WebMoney is based in Russia, and it was created in 1998 as a money transfer system designed for easier financial transactions in Russia using US dollars. Today, it has grown to a huge multi-national company that handles financial transactions all over Europe. WebMoney Europe, Ltd, is based in Cambridge, United Kingdom, and it handles all the company’s financial e-transactions within the European Economic Area.
WebMoney also launched a crowdfunding platform in 2015, which is aimed towards funding projects through voluntary donations, event planning, and participation in group purchasing.
Simply put, WebMoney works as an electronic purse, where users can store their digital funds corresponding to an underlying valuable asset. Traditionally, these funds are validated by currency and credit cards, but the system can also be used to store, manage, and transfer bitcoins as well. The assets of WebMoney are held by a network of global companies that act as guarantors for the payment system. They accept deposits using the underlying assets and issue corresponding WebMoney units in equal value. It charges 0.8% of the transacted amount as their fee, with a maximum cap of £50. WebMoney can also be used for peer-to-peer payments between users, and it can also be used as an escrow system.
Creating a WebMoney account is quick and easy. You can create a verified account and start using it in four steps:
WebMoney uses many security and safety protocols to ensure that all of the sensitive information of their clients are protected. They have 3 authentication methods for their users, namely.
If you are a fan of online casinos, you can use WebMoney to deposit funds and withdraw your winnings. Since WebMoney is partnered with all the major credit cards, bigger European-based banks, and well-known online financial services such as Paypal and Skrill, you can use WebMoney to purchase credits to play with on online casinos. Big online casinos such as Betfair, William Hill, and Casino Room accepts various payment methods such as credit cards, bank transfers, Paypal, and even bitcoin! Using WebMoney will allow you to have a stress-free and easy way to enjoy your time playing on these online casinos, without having to worry about your electronic money.