WebMoney is a Russian money transfer service (among other things) and the company offers many of the financial services offered by Paypal. It was founded in 1988 by WM Transfer Ltd and is headquartered in the Russian capital, Moscow. Today WebMoney claims a customer base of around 30 million users and in the online casino world is most widely known for its e-wallet service.
Why Should You Use WebMoney at Online Casinos?
- Quick and simple way to transfer funds to and from your online casino account;
- WM Purse works as intermediary account so your bank details are never accessible;
- You can use your credit card to fund your WebMoney purse directly;
- Transfer time to fund your casino account should be minimal.
Deposits & Withdrawals at Webmoney Casinos
WebMoney requires the user to have a WebMoney account which you can create in no time at all through a painless process. You may also acquire a WM Visa or WM MasterCard debit card which you may tie to your WebMoney account and use to make online payments.
These cards may be physical (plastic) or virtual. Alternatively, WebMoney works through a ‘WM Purse’ which players would have to fund using a number of available methods and which they would use to deposit money into or withdraw money from online casino accounts.
Once you’ve created your WebMoney account and selected the currency to tie to your purse (you may create multiple purses with different currencies attached to each) you would be required to select a password type out of four available. The higher the level of your password type (verification level), the more benefits you may make use of (high level passwords require a fee to be paid).
The next step would require you to fund your purse as WebMoney offers no credit services. You may do this using a variety of methods including credit card, wire transfer, cash at WM agents and more. Note that different methods of funding your purse come with different fees involved.
Once your WM Purse is funded, depositing funds via WebMoney in an online casino account requires the same process as doing so with any other e-wallet service. It’s quick and easy and doesn’t require the user to reveal any banking info to the casino.
Most casinos that offer WebMoney as a banking option will allow both deposits and withdrawals using the service; players are advised to enquire about this beforehand. Also, note that WebMoney charges a 0.8% fee for almost any transaction made through the service whether it’s a deposit or a withdrawal. This tends to be higher than the fees charged by competitors.
WebMoney Passport Levels
WebMoney offers four “passport” types depending on your money transferring needs. Each one requires a different level of verification.
Alias Passport: This is the level 1 passport for all new WebMoney users. it’s free of charge and good for making quick deposits but it’s security level isn’t high enough to process withdrawals from an online casino.
Formal Passport: This is Step 2. A passport and another official form of ID is required but with this passport level you’ll be allowed to withdraw winnings at WebMoney online casinos. You can also link a VISA or MasterCard to our WebMoney purse. This passport level is also free.
For more committed online casino users you might need to upgrade to either the Initial Passport or the Personal Passport. This one will require you to register in person at a WebMoney office but, if you plan on making high-dollar transfers to play the highest stakes games, this is what you’ll need. There are extra levels of verification for each and they do require fees to be paid.
WebMoney Transfer Times to Online Casinos
Transfer times can vary quite widely with WebMoney transfer and depend on a number of factors. Deposits into online casino accounts are normally instantaneous. How long it takes to upload one’s purse however, may not be, depending on the upload method of choice. If your purse is funded you should be playing within minutes of making a deposit.
Withdrawals may be tedious as far as transfer times go. In fact, it may take up to 10 working days for money to actualize in your personal bank account, depending on your account status and type of purse (and currency) selected.
Players are always advised to enquire about any fees and bonuses attached to the use of WebMoney with the casino of their choice prior to making a deposit.
WebMoney Customer Service
WebMoney offers direct support to its customers via e-mail, telephone and even social media. All the information one would need pertaining to support is available via a ‘support’ tab on the company’s official website.
The Advantages of Using WebMoney at Online Casinos
✔️ Transfers are available in multiple currencies
Banking in several available currencies including Rubles, Euros and USD. So it’s absolutely great for users from Russia, Ukraine, CIS Countries, the EU or the UAE.
✔️ Safe & Secure Payments can be made
Very safe and secure using latest SSL encryption.
✔️ Payments can be carried out Easily & Quickly
Very quick and easy to use once you’ve set up your WM purse.
✔️ Easy to load and Top Up Your Account
Very easy to load and top up your account with credit cards, bankwires, prepaid cards and cash terminals.
The Disadvantages of Using WebMoney at Online Casinos
❌ A Small Fee is Charged
0.8% in-house charge that comes attached to both deposits and withdrawals.
❌ The System Interface is complicated at times
System interface may be complicated at times and may deter the less computer- and web-savvy.WebMoney offers a host of financial services and doesn’t make navigation easy for those only interested in their e-wallet services.
❌ It’s Tough for international clients to find the e-wallet
Tougher for international customers to navigate website and customer service – much of the information is in Russian
WebMoney Online Casino FAQs
What is a WebMoney casino?
A WebMoney casino is simply one that allows users to use WebMoney as a payment transfer method for deposits and withdrawals. Your WebMoney purse must be pre-loaded with funds but that can be done by a variety of simple methods including credit card and bank transfers.
How many online casinos accept WebMoney?
Quite a few. As WebMoney is more or less considered the Russian PayPal it has a long-established reputation and is a very fast and secure service. It’s particularly popular for online casinos with customers from Russia, the Ukraine the EU and the Middle East. Check the toplist above for the best casinos that accept WebMoney as a transfer method.
Can I Use WebMoney to withdraw my online casino winnings?
That depends on the casino. Most online casinos do allow for both withdrawals and deposits via WebMoney as it is an independent third-party eWallet. There are no banking details involved in any transaction and it’s a very simple, cut-and-dried process to move money around in many currencies. As per usual with any online casino withdrawals tend to take longer to process than deposits. It could take up to 10 days to see your online casino withdrawal in back in your WM purse. But rest assured, it will get there. WebMoney is a very safe and secure payment method as it’s been operating since 1988.
Can I use WebMoney on my mobile?
Yep, that’s no problem. WebMoney works for both desktop and mobile. All you need to do is download the proper WebMoney app for your smartphone.