WebMoney

In today’s fast-paced world, having digital freedom and independence with your money is essential, and WebMoney allows you to transact with your bank with your gadgets as easily, safely, and quickly as in an actual bank.

WebMoney Review

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.

What is 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.

How does WebMoney Work?

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.

Webmoney
Name

WebMoney

Founded

Total Games

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Total Casino

5

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/ 5
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How do I Create A WebMoney Account?


Creating a WebMoney account is quick and easy. You can create a verified account and start using it in four steps:

  1. Click on the Sign Up link on their official website. It will ask you to input your cellphone number in order to verify your number. You will receive an SMS message containing a code that you will input into the site.
  2. You will input your personal information into the website. This is necessary to be able to complete your registration and use all the features of the site. WebMoney uses an SSL certificate to ensure security, safety, and transparency for all its users.
  3. You will input the unique SMS code that you receive on your phone to finish your registration.
  4. Place a unique and strong password to protect your account.
  5. You will receive an email confirming you have successfully verified your account. You can now start using your WebMoney wallet! If you want to increase the limits to your account, you will need to get a higher certification available on the website.

Is WebMoney Safe to Use?

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.

  • Login and password – you will be asked to create a unique login and a strong password to secure your account
  • Secret key - a unique 12-symbol secret key will be created for you that will secure your e-wallet. It is recommended that you store this secret key on a secure and separate storage device so that it would be easier for you to access your e-wallet if you forget your login details.
  • Personal digital certificates – this unique digital certificate is issued for each user, and it verifies that you are the sole owner of your e-wallet. It is also used as further identification to ensure that other people will not be able to access your account from another computer or location.
  • When you are using WebMoney, the site will ask you for additional information to process your transactions. You can either use the SMS feature or their E-num feature, which generates single-use passwords.

How Can I Use WebMoney for Online Casino Play?

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.