Established as a company in Moscow in 1998, WebMoney Transfer, commonly known as WebMoney, currently serves over 31 million global users, as a non-USA prepaid financial services operator. The company originally focused its efforts on clients in the former Soviet Union, but is now available globally.
If you would like to use WebMoney, just visit their website to sign up for an account. Click on the Sign Up button and enter your mobile number for location verification, and then enter your personal information and e mail address as prompted. You will be sent a verification code, which must be entered on the WebMoney website, upon which you will receive a Web Money ID number for your account.
First, choose the currency, and then fund your account via bank transfer, money transfer, or by depositing cash in certain cash-in terminals and Web Money Exchange Offices. For a list of physical locations which accept Web Money cash funding, visit the official website.
You then create a WebMoney Z-Purse number, which you can use to fund your real money gambling account at selected sportsbooks, poker rooms and casinos. Simply log into your online gambling account, choose Web Money from the list of deposit options, enter the required information, and the money will be transferred from your Web Money account instantly.
WebMoney also offers their users the option to make withdrawals, but you need to have a “Formal Passport”. WebMoney offers different “passport” types that require different levels of identification and verification. There are four different types, and depending on which one you use, you can carry out different activities and transactions with your WebMoney account. For the afore mentioned “Formal passport”, you will need an extra level of identity verification, such as providing a copy of your passport or another recognized form of ID.
Almost every single transaction made through WebMoney incurs a fee , on top of the 0.8% that WebMoney charges for every online transaction. Using your bank card can incur a 2.5% fee, while cash-in terminals can charge anywhere from 2-10%, at least 1.5% for a bank wire, and 0-4% at a WebMoney exchange office.
WebMoney currently supports payouts in U.S. dollars, Euros, Russian rubles, Ukrainian hryvni, Belarusian rubles, stock gold, Vietnamese đồng, Yen and Bitcoin.
Benefits and Limitations
One of the biggest advantages is that WebMoney offers many different ways to fund your account, from bank transfers to cash points, and VISA and MasterCard, amongst others.
As a disadvantage, the system charges fees for most of its services, and as WebMoney offers a wide range of online financial services, the system at first sight can appear quite complex.
In our list above you can find online casinos that accept WebMoney as a payment method. You will be able to play your favorite games by using this highly secure payment method at the casino of your choosing.