Established in 1998 in Russia, WebMoney is one of the most popular, widely used online payment providers with around forty-five million active users as estimated back in 2020 and around 100,000 WebMoney stores.
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WebMoney is a popular online payment processing service which has been founded in Russia in 1998, so it has been operating for over twenty-four years. WebMoney works with many companies and businesses, including companies involved in the iGaming community. When it comes to WebMoney business payment solutions, these include payment services for making and receiving payments, work, and budget management.
WebPay offers load and withdrawal options to personal customers via its universal payment settlement system. With over forty-five million active users, this is one of the biggest payment processing services in Russia. As estimated in 2020, WebPay had over 100,000 stores. The company in charge is WM Transfer Ltd. which is based in Moscow.
As previously mentioned, WebMoney offers a wide range of different payment services which allow its users to make payments and receive money, keep track of their funds, and more. WebMoney has been designed to cater to customers from Russia and other Eastern European countries. It is worth mentioning that the company in charge has been given a license by the Financial Conduct Authority to offer its payment processing services in the EEA area (European Economic Area).
Today, WebMoney is very popular among iGaming fans and enthusiasts residing in Eastern Europe. With this being said, many online casinos let you make deposits and withdrawals using WebMoney, even though fixed fees of 0.08% apply no matter the amount of money you deposit or withdraw. In addition, extra fees may also apply depending on your chosen online casino, as well as on the currency you use.
Now, we go over the steps to successfully fund your online casino account using your WebPay account, and the process is straightforward.
To be able to make deposits via WebMoney, you first need to register for an account. While registering, you will be asked to provide your email address and phone number. You verify your WebMoney account with the SMS code you received. Once done, you get your WebMoney ID.
The next step is to fund your WebMoney account with WM credits. These WM credits will be converted to the currency you choose. You can use your credit/debit card, wire transfer, or online banking options to get WM credits.
Once you have funded your WebMoney account, you can register for an account at one of many WebMoney online casinos. We recommend you check our list of the best WebMoney casinos.
Once you enter your online casino account, click on the “Deposit” tab and choose WebMoney. In the designated area, enter your WebMoney account details.
The last step is to enter how much money you want to deposit into your online casino account and confirm your transaction.
In this section, we briefly go over the process of making WebMoney withdrawals. Just keep in mind that WebMoney withdrawals usually take a couple of business days to be processed so you will not be able to enjoy your winnings immediately.
To make a WebMoney withdrawal, go to your casino’s cashier and click on the “Withdrawal” tab to access its selection of withdrawal options.
From the list of supported withdrawal options, click on the WebMoney logo. Once here, a new window pops up and here you include your WebMoney account details and specify the amount you want to withdraw from your online casino account.
To request a withdrawal of your winnings, confirm your transaction, and you will get your winnings in a couple of days.
All transactions via WebMoney are 100% safe and secure due to the system’s top-notch security system in place. WebMoney is known for employing several layers of SSL data encryption technology and each layer adds to the overall safety of WebMoney transactions. In addition, WebMoney has three different authentication options if you want to secure your account, and one of these is a secret key every WebMoney account gets. You can also turn on SMM confirmation modes for an extra security layer.
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As we briefly discussed in the previous sections, WebMoney has been designed for residents of Eastern Europe, so if you reside in any of the Eastern European countries, chances are you can use WebMoney.
With WebMoney, you can make transactions in Euro, Russian Ruble, US Dollar, and a couple of other currencies.
Yes, it is possible to make crypto transactions via WebMoney.
Unfortunately, no. All WebMoney transactions incur fixed commission fees that depend on your chosen currency.
Yes, you have nothing to worry about when it comes to the safety of your WebMoney transactions thanks to the multiple safety layers WebMoney has.
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