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WebMoney is a Russian online payment service where user funds are stored in an e-wallet ready to be used for internet transactions. The service facilitates online shopping, peer-to-peer payments, and iGaming deposits and withdrawals.
With a huge user base, particularly in Russia, many online casinos accept WebMoney as a payment method. This page will help you find the best WebMoney casinos to play on, the positives and negatives of their service, as well as bonuses offered by WebMoney casinos.
WM Transfer Ltd launched WebMoney in 1998, following the Russian financial crisis. There was a huge increase in the use of US Dollars because of the crisis, and WebMoney's goal was to provide a USD-oriented money transfer system in response.
The service provided a 'purse' to hold users' digital funds, more commonly known today as an e-wallet, with a network of companies acting as guarantors for those funds. It proved to be a hit: thousands of Russian users signed up to the venture, and the company began to look at foreign markets, mainly ex-Soviet countries, in order to expand.
WebMoney's credentials were boosted further in 2015 when WebMoney Europe Ltd, their recently formed European arm, received an FCA licence to operate in the European Economic Area (EEA). European users could now store their funds with the company, which had a newly-launched app, WebMoney Keeper, making the service more accessible.
Today, WebMoney is a globally recognized reliable payment method and appears on a huge number of websites. Users can order a physical WebMoney Visa debit or credit card, which they can use like a normal bank card, and also manage their affairs via the WebMoney Keeper app.
WebMoney has a fine reputation for security, so, if you make a payment to a merchant, you can be sure it's protected and meets all the required protocols. It holds an FCA licence and its peer-to-peer payment system is protected by escrow, which holds funds from the recipient until they complete the required measures.
It's also very easy to set up a WebMoney account online: you simply enter your mobile number and a few personal details to register. Once done, payments are generally very quick, although their website does state that some bank transfers could take a number of days to complete.
In terms of downsides, WebMoney does charge a fee of 0.8% for every transaction. While this is normally a small amount, and up to a maximum of €50, there are plenty of other web payment services that don't charge the user anything. With bank charges on top of that, it could turn out to be a considerable amount, depending on who you bank with.
There's a limit for a single transaction, which varies according to the currency involved. This might not be enough for users who want to make large payments.
The service is also unavailable for people outside of Russia and Europe, so the huge North American and Asian markets are uncatered for.
If you are eligible to use WebMoney, then it is simple to use it to make a casino deposit. First, you need to have an account with your chosen casino; a process that should only take a few minutes. You'll also need a WebMoney account which, once in place, will give you a WebMoney ID number for you to use.
To deposit money into a WebMoney casino, start by going to the casino's cashier and selecting WebMoney from the list of payment methods. Then, enter the amount you wish to deposit, followed by your WebMoney login details. Once you've confirmed the amount, the funds should appear in your casino account immediately.
Withdrawing money via WebMoney is more complicated than making a deposit<, as it very much depends on the casino in question. For this reason, it's a good idea to check with the casino whether they allow WebMoney withdrawals beforehand, if that's something you're hoping to do. If they do allow them, then a charge will probably apply, and the amount could take several days to land in your account.
When searching for a WebMoney casino to play on, it's important that it meets certain criteria. You need to know how likely they are to honor big wins, or if they've received many complaints. This is the purpose of this page: to show you those WebMoney sites you can trust, according to our team of experts.
Casino Guru reviews and rates casinos according to strict criteria, and you can then use the page's filters to find the best ones. Select the 'Recommended' tab at the top of the page to see these for WebMoney. Alternatively, you can click 'Newly opened' to see the newest WebMoney sites around, or 'All' to get the full list of options available.
All of these casinos are relevant and up to date due to the team regularly keeping an eye on them.
If you're a fan of casino bonuses, as many people are, then you can also use this site to find WebMoney casinos that offer various bonuses, such as the deposit or no deposit bonuses.
The first way is to go to our list of casino bonuses and select 'WebMoney' on the Payment Method filter there. You'll then see all the eligible bonuses for you to choose from. To find a particular kind of bonus, go to the 'Bonus Type' section and choose the one you want: for deposit bonuses, tick the 'Deposit Bonus' box to get the options available.
You can also go to our list of deposit bonuses and choose 'WebMoney' there to get the same results.