How to Use WebMoney for Casino Deposits and Withdraws

GambleScope Research Team

Webmoney is one of the largest electronic payment platforms that was established in Russia. It has approximately 300000 active users and 1 million registered accounts. Webmoney acts like a guarantor for the payment just like the transfers made using an escrow or peer-to-peer systems.

Online Casinos Accepting WebMoney

 

How does WebMoney work

Webmoney allows you to make payments once you have a login and select the goods or services you want to purchase. You will be required to fill out the fields and select WebMoney as your payment method. You can click on the confirmation button to confirm the order before moving to the next item. If you want to withdraw money in the national currency, you go to bank transfer and log in with your details. Click on the transfer funds tab, specify the amount, and then click on transfer currency to authorize payment.

Fees and limits when using WebMoney

Webmoney will not charge you any fee on making deposits. However, you can be charged a 0.8% transaction fee for payments. The good thing is that the maximum fee will not exceed 50 WMZ. However, you can increase your WebMoney limits by enabling Webmoney keeper Pro. You can do this by changing the management on the methods page and add Webmoney keeper pro. You will also use your WM keeper standard.

Sign up in WebMoney

Signing up on WebMoney is easy. All you need to do is click on sign up and enter your number in an international format. You'll be required to provide your phone number because of the safety of your transactions. Next, enter your personal information correctly. Afterward, you will also be required to confirm your phone number through the SMS code that will be sent. You can now set your password using special characters, numbers, and lowercase letters, depending on your preference. The main aim is to ensure that your password is safe and you can easily remember it. Lastly, you will be required to confirm your email with the code sent to your account. Click the link in your mail or enter the code to verify.

A mobile application of WebMoney

Webmoney has a mobile version known as keeper mobile, which is convenient and straightforward to use. The type of mobile devices that it can support include BlackBerry, Windows phone, iOS, and Android. The keeper mobile can also be used along the keeper web pro and keeper winpro. This makes it easy to receive and transfer money using the app. You can download the app through the play store and install it on your device.

  

How to fund casino account with WebMoney

Using WebMoney for gambling purposes is also another way that you can make your casino deposit. First, you need to ensure that you have an account with the respective casino you're using. You also need a WebMoney account that will give you a WebMoney ID number to fund your casino by choosing WebMoney as a payment method from the list provided. Afterward, enter the amount of deposit, then login to your WebMoney account. Once you have confirmed all the details, the funds will be deposited in your casino account.

How to withdraw from casino to WebMoney

Webmoney has also provided a platform for those people who are Using WebMoney for gambling purposes . It has made it easy to withdraw money from your casino account. However, you might realize that it is a little bit complicated than depositing because the casino has to authorize you to facilitate the withdrawal to ensure your funds are safe. You will only be required to click on the withdrawal button from your casino account, then WebMoney will facilitate the transfer, but they will charge you some fee depending on the amount. Your money will take a few days before it gets into your account.

Fees and limits when using WebMoney

Webmoney will charge a transaction fee of 0.8% of every payment you facilitate during the transaction, but it will not be less than 0.01 WM. You will also be charged not less than 500 WMV for payments in WMV and not less than 100 WMY for payments in WMY. However, WebMoney doesn't charge a transaction fee between the same type belonging to similar WMID.

Security when using WebMoney

Webmoney security service ensures that the WebMoney transfer is done securely. The system can detect unauthorized and malicious transactions using the information of WebMoney keeper winpro or WebMoney keeper web pro, the log recordings of WMID, general information about your PC security, and a description of your browser. To use the platform securely, you also need to set some of the security options, which include enabling SMS payment confirmation of operation, managing IP address blocking, changing operation modes of WebMoney keeper, and setting trust limits for transactions.

Disadvantages of using WebMoney

  • WebMoney charges a transaction fee of approximately 0.8% for every payment that is made. This is a small amount, up to 50 euros, but other web payment services don't charge anything. It becomes a downside for WebMoney because, in addition to bank charges, you will realize that the amount of money being charged collectively is a considerable amount of money.
  • WebMoney has also placed limits for a single transaction depending on the currency involved. This can disadvantage users who want to make bulk transactions.

The service is also limited to some regions like Europe and Russia, so people in the Asian markets or North America cannot use the platform.

Benefits of using WebMoney

  • Webmoney has one of the best security systems that make payment secure. It uses a peer-to-peer payment system that allows the recipient to hold funds until all the measures are met. It also operates using an FCA license.
  • Setting up a web money online account is very simple. All you need is to enter your personal details and a mobile number to register. Once you're done, you can make your payments through the website.

FAQ

Is it safe to use WebMoney

Webmoney is very secure. It uses SMS notifications, and it is also linked to an anti-fraud team that ensures your online payments are very secure.

Does WebMoney accept all currencies?

No, you can only transact in WebMoney using US dollars and euros.

How long does it take to receive money in my account?

You will receive your money in your account within 24 hours after it has been approved.

Are there transaction fees?

Yes, what money charge is a 0.8% transaction fee for every payment.

Can someone transfer money from his bank account to my WM purse?

Webmoney only allows the account holder to add funds in his purse.