WebMoney started as a payment system meant for clients in Russia but later spread internationally. Consumers can make safe money transfers using WebMoney.
WebMoney are available online and offline. The benefit of using them online is that you can have access to their site any time of the day. As far as offline use is concerned, you need to look for nearby locations that offer WebMoney services.
You can find a list of security options on the WebMoney website to protect your account.
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WebMoney was established in 1998 and has attracted over 22 million users worldwide so far.
How it works
You can either purchase WM prepaid cards or make an account on the WM website. Once you register, you get a “purse”. There is a variety of purses. Z-Purse WMZ, R-Purse WMR, E-Purse WME, X-purse WMX, etc.
When you want to buy something online you need to choose WebMoney as your payment method and follow the instructions.
Specifications
No credit card or bank account needed to use WebMoney. It is important to know that transactions cannot be retracted.
WebMoney does not accept PayPal or Western Union transfers. It isn’t a global financial system.
Creating account / purchasing card
The website developers have made it possible for consumers to use information from their profiles on Facebook, LinkedIn, Twitter, Yahoo, Google and MyOpenId to make the process of WM registration faster.
In case you don’t want to link any social media profiles to your WM account, you need to fill in your information manually. WebMoney will ask for your mobile phone number first and then you will have to provide a few more details including your name, address, email, etc. The next step is to verify your email address. After that you will have to verify your phone number. And at the end you will enter a password.
Making a payment with WebMoney
In order to make a payment you need to have money in the first place. You can fund your WM account by wire transfer, money order or using cash-in points and exchange offices.
You can make a payment with WebMoney using your website account or a scratch card. It’s a prepaid WM-card available in Ukraine, Russia and Belarus.
You can also fund your WM account by your bank account.
Withdrawing money with WebMoney
There are several ways to get your money from the WM account. One is to transfer it to the bank account you linked to your WebMoney profile upon signing up.
Another method is to use your Matsercard/Visa cards.
The third option is to use online exchangers. Visit the site for more information about which E-currency exchangers cooperate with WebMoney. You can use a wire transfer to convert currencies. Exchange offices can help you withdraw money too.
There are withdrawal and funding points in more than 86 countries worldwide.
Advantages of using WebMoney
- You can use WebMoney without registration.
- It’s a safe and secure system.
- You can use WebMoney online and offline.
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