WebMoney
Webmoney is one of the more popular payment methods used at online casinos that accept players from Russia and the former Soviet Union, though it accepts players from other countries as well. This payment service was established in 1998 and works like a forum where people can interact with one another and carry out a range of financial transactions, from sending and receiving money, to getting loans and exchanging currency.
 | William Hill SportsDeposit £10 Get £30 *T&C's Apply.
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 | Betway Sports*T&C's Apply.
NEW CUSTOMER OFFER – YOUR FIRST ACCA ON US £30 Matched Free Bet if your first Acca loses (18+ only, T&Cs apply, please gamble responsibly) | VISIT | T&C's: *New UK customers only. Min Deposit: £5. Maximum Free Bet: £30. First bet on a Football or Horse Racing multiple with 3+ selections. Overall odds: 3.00 (2/1) or higher. Free Bets available upon settlement of the qualifying bet. Debit card deposits only. Deposit method restrictions apply. This is offer is valid for 7 days from your new account being registered. 18+. BeGambleAware.org. Bet The Responsible Way. Full terms apply. |
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120% bonus up to £2500 first deposit bonus | VISIT | T&C's: Min deposit £10, new players, bonus to be used on slots and live casino, not to be used with other bonuses, valid for 30 days, 35x wagering, max bet £10, full terms apply |
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How does Webmoney work?
With Webmoney, you can use a virtual or plastic debit card and you can choose from VISA or MasterCard; alternatively, you can use Webmoney’s own e-wallet system, which is Webmoney’s most popular option for making payments at online casinos. During the sign-up process, you’ll be required to provide various pieces of financial and personal information.
Users can create as many e-wallets as they like and they can be of different currencies; the available currencies are Belarusian Rubles, the Ukrainian Hryvnia, Russian Rubles, Dollars and Euros. Linked to the e-wallet is the user’s unique 12-digit WebMoney ID number, or WMID for short. Whenever the user makes a payment, this WMID is used, along with a single-use password specific for the transaction the user wishes to carry out.
Features
There are numerous features you can use, though there’s a level system in place whereby those at the higher levels get access to more features than those at the lower levels; there are four in total and to progress through them to the highest one, you need to provide WebMoney with various forms of ID. For example, to reach the fourth and final level, you need to present an ID card or passport to an authorised WebMoney agent; a list of these agents and their locations can be found on the website.
Loading up your e-wallet with funds may come with extra charges, depending on the method chosen; most of the time, the funds should appear in your account almost immediately.
Disadvantages
One of the main disadvantages of WebMoney is that there is a flat fee of 0.8% for nearly all transactions and there are additional fees for some of the extra WebMoney features that you can gain access to be leveling up.
Deposits and withdrawals
When it comes to using WebMoney at online casinos, you’ll find that it’s a very quick and convenient payment method to use; a handful of online casinos may charge you extra for using this service to deposit funds. As for withdrawing money, most casinos that accept this payment method should allow you to withdraw your money using it; therefore, it’s worth double-checking to make sure the casino you’re playing at accepts WebMoney as a method of withdrawing money. It’s worth bearing in mind that withdrawals made using WebMoney may take up to 10 days to be completed.
WebMoney is a popular online payment service that’s used by many people to fund their online gambling activity. Though there are fees for a lot of WebMoney’s services, it’s still a good choice because it enables users to make payments that are quick, safe and completely anonymous.