WebMoney is an electronic cash and internet payment system that compares well with PayPal, E-Bullion, E-Gold, and other alternative payment services. WebMoney is a common payment method for the following countries: Russia, Ukraine, Kazakhstan, Belarus, Kyrgyzstan, Tajikistan and Uzbekistan.



It offers a quick and mostly anonymous alternative payment service, however their registration process asks for email verification and customers are encouraged to giver further verification through an SMS message. This means that it is more strict than E-Gold when it comes to requirements for opening and utilizing an account.

WebMoney verification does however give the following great advantages: being able to use their arbitration service; your own private key file retrieval if you are in the unfortunate position of having lost control over your account; credit activities; access to internet services, online exchanges, and info resources that requires personal client ID. Verified clients can issue special trust certificates to other clients and in turn take fees for this service. Any client is able to become a verified Registered client. They are then Verified Registers that are able to verify other WebMoney clients.

How does WebMoney Work?

You can send money by going to WebMoney’s ‘Send Money’ tab and following your on-screen instructions. You only require the recipient’s email address to be able to make the payment.

Transactions are done with the help of WMTransfer software, and fall into one of three categories. WebMoney Keeper Classic is a downloadable standalone application, which you install on your computer. WebMoney Keeper Light is a secure application that you can use if you do not want to download and install the client software. Lastly, Telepat is technology that allows you to control your account via any cell phone or mobile device that has Java.

Top Casinos Accepting WebMoney

Pros and Cons

WebMoney’s transfers are safer because your information is not stored in their system like with some other e-payment systems, who regularly struggle with phishing schemes. They make online merchants immune to certain fraudulent behaviors because transactions are final.

WebMoney uses an instant message system as a way to extend credit and send bills and you are also able to protect your payments with your own private password.

WebMoney has had its criticisms as can be expected with a company that is doing so well and have grown so much in such a short time. One negative aspect is that you cannot buy WebMoney credits online with PayPal account or a credit card. The system also sometimes blocks accounts without first notifying the client in question.

There are clients who say that WebMoney have neglected them and that they are unhappy with their customer service. Customers are only able to settle general issues telephonically and any arbitration and law issues are only negotiated via a painfully slow email process.

WebMoney payment method fees and facts
Available accounts 2 accounts (1 personal + 1 business account)
Available currencies EUR, USD, RUR, UAH, BYN
Account management fees 3 EUR
Account unused 10 EUR - after 6 months, 17.50 EUR - after 18 months, 25 EUR - after 30 months
Exchange fees (FX) 5-10%
Deposit fees
Bank transfer 2%
Credit card 2-3%
Withdraw fees
Bank transfer 2% 0.6%+9 EUR
PrePaid card n/a
Fee to order 12 EUR
Membership 3 EUR/monthly
Costs for cash withdrawals at the ATM 2% (min - 3 EUR)
ATM transaction decline fee 0.4
New PIN 10 EUR
New prepaid card 10 EUR
Cash withdrawal at ATM limits/24h 1,000 EUR
Delivery time 2-3 weeks
Available currencies RUR
Validation 12 months
Link to terms & conditions https://www.wmtransfer.com/eng/information/short/index.shtml
WebMoney is an electronic cash and internet payment system that compares well with PayPal, E-Bullion, E-Gold, and other alternative payment services. WebMoney is a common payment method for the following countries: Russia, Ukraine, Kazakhstan, Belarus, Kyrgyzstan, Tajikistan and Uzbekistan. It offers a quick and mostly anonymous alternative payment service, however their registration process asks for email verification and customers are encouraged to giver further verification through an SMS...
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