WebMoney or WebMoney Transfer is an online payment system, possessing more than 22 million users. Through it people can make safe transactions in real time. Being used only in Russia and the Former Soviet Union at the beginning, now WebMoney has become a worldwide method which provides an immediate solution for your payments.
How it works
The way of working is simple and easy to understand . You do not need to have a bank account or a credit card to create a WebMoney account. Once you have made it on the website you are free to make payments and withdraw funds. You can also benefit from a variety of purchasing goods . There is a list of the on line merchants that accept Web money, which make the procedure of purchasing easier. You can also get a WebMoney prepaid card and enjooy your instant deposit.
Despite the fact that you do not need a credit card or bank account to use WebMoney you have to keep in mind that it is not integrated into the international financial system so it doesn’t accept Western Union or Paypall transfers. WebMoney transactions cannot be retracted which stands in contrast to credit cards and ATMxpay. As far as transaction fees are concerned you are not charged for making a deposit. However each transaction turns out to be 0,8% fee of no less than 0,01WM. You can use WebMoney as a stand-alone application or just by browsing into the website.
Creating an account / purchasing a card
Registration for WebMoney is free. You need to give some personal information and accept the terms of use. After that you will be given a WebMoney ID. The verification system of Web Money happens to be very impressive because each user has a WebMoney passport and a digital certificate, providing the personal data. When finishing with your registrattion you are ready to fund your account whether by a bank transfer, in cash at ATMs or by prepaid cards.
Making a payment with WebMoney
By using WebMoney you can purchase goods from on line shops as well as sending and receiving money in an easy and safe way. You can also deposit your funds on the WebMoney account by a money order or a wire transfer.
Withdrawing money with WebMoney
Withdrawing money is a option that WebMoney offers to their clients. But pay attention that a successful deposit made within the last few months is a must. You will receive the funds after 24 hours after they have been approved. There is a minimum and a maximum amount for withdrawing which depends on the currency which is used.
Advantages of using WebMoney
WebMoney is a an entirely safe on line payment method thanks to the effective anti-fraud team and to the exhaustive monitoring ensured for the clients. You can create multiple accounts in different currencies but they have to correspond with US Dollar , Euro or Russian Ruble. Another advantage is that if you have a cellphone that supports Java applications you can make transactions on the move without any hesitation. The great diversity of services that WebMoney proposes makes it one of the best options for on line shopping and payments.
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