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WebMoney (also known as WebMoney Transfer) is an online payment method that is quite unique compared to everything else we have listed on our site. It works as a global settlement system which was originally used by Russian players, but as the service grew it is now being used by people all over the world.
With more than 26 million users worldwide, WebMoney has become a common way for players to get their money on online casinos.
Top WebMoney Casinos 2015:
|Rank||Casino||US||Rating||Sign Up Bonus||Review|
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Hamamatsu Who can use WebMoney
As of 2015, users from the following countries and continents can setup a WebMoney account: Europe, Russia, Ukraine, CIS countries, USA and UAE. The services offered vary from country to country. For example while US players can setup an account, they cannot use it to make any gambling transactions.
WebMoney supports the following currencies: USD, RUB, CAD and GBP.
When you create a WebMoney account you must link it to your bank account before you can start using it. You will be given a WebMoney Passport ID and asked to create a password. This will be the information you give to online casinos when you go to deposit.
Depositing using WebMoney
Using WebMoney to deposit at online casinos is very easy indeed. Select the WebMoney deposit option and enter your WebMoney Passport ID to login into your account. Select the amount you would like to deposit and confirm the transfer.
Deposits using WebMoney are made instantly.
Withdrawing using WebMoney
Withdrawing your money using WebMoney is done in the same way as depositing. Simply enter in your WebMoney Passport ID and the amount you wish to withdraw.
Please check the online casino’s terms and conditions to see if they charge for withdrawals. Most charge no fee.
WebMoney – Is it safe?
If you have never heard of WebMoney before today, rest assure that it is one of the safest online payment methods out there. Each time you make a real money transaction at an online casino your banking details are not shared with anyone.
WebMoney has the latest security features installed to minimise the risk of anything happening to your account. It allows its users to only send money using a secure WebMoney connection. You can make deposits via their website or download an external client.
WebMoney pros and cons
Using WebMoney has the following advantages:
SSL encryption – Each time you deposit money at an online casino using WebMoney you will do so over a secure SSL connection. All information is encrypted and nobody else can snoop and find your details.
When it comes time to deposit you will be redirected to the WebMoney platform which is secured using the latest encryption methods.
Remain anonymous – Each time you make a transaction using your WebMoney account, none of your details are shared with the receiver or any third-party companies. Keeping all your banking information safe.
Instant deposits – Once your transaction has been approved, all deposits made using WebMoney at online casinos are instant, allowing you to play your favourite games within seconds.
Withdrawing – Depositing at an online casino is easy enough but many face problems when they try withdrawing with the same method. Any online casinos that accepts WebMoney deposits will also allow you to withdraw using the service.
Fees – The biggest pitfall of WebMoney over the likes of Skrill or PayPal is their high fees. While you don’t get charged for putting money on online casinos, anytime you withdraw or deposit to your WebMoney eWallet, you are charged. For example depositing using a credit card is charged at 3%. All fees linked with a WebMoney account can be found here.
Provide financial data – Before you can start using your WebMoney account, you must share with them your personal and financial information (banking details) before you can access the account and use it.
Complexity – The payment processor offers many different services and it can become quite confusing to understand them all.
WebMoney may not be as appealing as PayPal or Ukash but it is accepted by several online casinos. While it does have high fees and is slightly more difficult to understand, it still does a great job of getting money on and off online casinos.
If you are looking for the best WebMoney online casinos, we have listed our pick of the bunch in this article.