To answer the question of what is WebMoney, we need to go back to 1998 Moscow, Russia where it was founded and still holds its headquarters. WebMoney was created as a US dollar money transferring service that has since expanded in multiple ways to offer services in various industries, including online casinos. It’s a safe, fast, and simple-to-use method available in multiple countries and currencies, but predominantly focused in Russia and Eastern Europe in general. Check out the list of the best WebMoney casinos below where you can enjoy all the perks this payment brings.
Countries where WebMoney is big with casino players
The payment may operate in 93 countries but its most targeted markets are located in Eastern Europe and Western Asia. Russia and Ukraine are among the key regions of WebMoney, so here’s what you need to know if you’re a player from those countries looking for top online casinos .
As we mentioned WebMoney was founded in Moscow in 1998 so it’s obvious that Russia is the central market of the payment. WebMoney, of course, supports the local currency and has partnerships with many Russian companies and businesses. As far as Webmoney online gambling is concerned, Russian-focused brands like SuperCat or 1Χslots are examples of casinos that accept Webmoney. In 1Xslots the minimum deposit limit is set at 50 RUB and the minimum withdrawal limit at 100 RUB. Keep in mind though that unlike 1Xslots, not all casinos offering WebMoney support the Russian Ruble as well, so that’s why they’re winning big in that aspect.
WebMoney is a popular casino payment in Ukraine as well. This e-wallet offers the players the opportunity to hold a “purse” in Ukraine’s local currency, hryvnia (UAH). The best WebMoney casinos include brands like 888casino, Joo Casino and Bitstarz. However, these brands don’t accept hryvnia. If you are keen on depositing with WebMoney to a Ukrainian casino most likely you will have to use another currency but there few choices like 1Χslots that accept the local one.
WebMoney: A suitable choice for casino transactions or not?
WebMoney’s versatile characteristics make it more than a suitable casino payment solution. However, there’s still room for growth. The most significant advantages WebMoney casinos offer through this payment option are listed below:
- You can make fast, securе, and convenient deposits that instantly reach your casino account.
- You will still be able to take full advantage of all deposit welcome bonuses and other bonuses in online casinos by making your deposit via WebMoney.
- Although all transfers incur a fee, it is quite low, only 0.8% per transaction.
- WebMoney is present in 93 countries worldwide and even though it’s focused predominantly on Eastern European markets, it offers transactions in six different currencies, plus several cryptocurrencies like Bitcoin, Litecoin, Ethereum, etc.
- You can set up individual accounts or “purses” for each of the currencies you want to use, especially cryptocurrencies like Bitcoin, Litecoin, and others.
- WebMoney accounts can be topped up in various ways, both online and at physical sale points in multiple cities and countries.
- WebMoney created a dedicated mobile app for all types of mobile devices operating on iOS, Android, Windows, and Blackberry operating systems and platforms.
However, there are still some drawbacks to using WebMoney that can’t be overlooked. Namely, even though the fees are low, they are still there, and a small fraction of your transaction will still be deducted. Also, by opening a WebMoney account, the user creates the so-called WM Passport. The WM Passport is a digital certificate issued based on the personal data you provide and is available to parties involved in the transaction. This means the casino will have access to your personal data. The relieving side is that you can specify which kind of information you want to make publicly available and which is solely for verification purposes. Another thing that annoys WebMoney users is that bank transfers to and from the account can take up from 1 to 3 business days to complete.
Creating & Funding Your WM Account
Going through the WebMoney login process couldn’t be easier. After you click on the Sign-Up button, you’ll need to provide a mobile phone number and your personal data as stated in your passport. After the verification, you will be allocated a WM Keeper Standard Mini account, access to e-wallets, as well as a unique 12-digit WMID (identification number) and the first WebMoney passport called the Alias passport. WebMoney passports, as we said, are digital certificates that verify your identity and allow you to use the payment’s services.
With the Alias passport, you’ll have somewhat limited options, so what you need is to file for other advanced types of passports. A higher WM-passport status results in other system users trusting you more, more payment options, bigger limits, and other perks. Once you receive your passport, you can fund your account in numerous ways. For example, you can use bank transfers, credit/debit cards, payment terminals and ATMs, internet banking, other e-wallets, and more. WebMoney is compatible with a wide variety of currencies, and for each currency, you will have a special WebMoney “purse”. Multiple purses mean that you will be able to sign up to multiple casinos with the same payment method and also to use different currencies without worrying about the conversion rates.
How to deposit & withdraw on casinos using Webmoney
Making a deposit in casinos that accept Webmoney is a simple process that can be completed in a few steps. Just log in to your casino account and head to the Cashier section. There, select WebMoney from the list of deposit methods. Then choose the amount you wish to deposit and wait to be redirected to the WebMoney official page. You will have to log in to your account with your WMID and personal accreditation. Choose your preferred WebMoney payment method from the menu and once you have confirmed the transaction, you will be redirected to the Cashier and your money will be instantly deposited in your account. Note that not every casino offers WebMoney services in every currency. For example, in Joo Casino, you can only deposit in EUR and USD.
WebMoney deposit limits depend on the level of your passport and casino in question. Formal WebMoney passport daily transactions are limited to $/€3,000, while with the Personal type of WebMoney passport, there are no limits. Usual daily casino WebMoney limits range between 10 and $5,000. For casinos, the most common deposit limits range from €/$20 to €/$4000, however, some casinos like Bitstarz allow lower daily deposits (€/$800 daily).
The WebMoney casino withdrawal is simple as well. In the Cashier, choose Withdrawal, select the amount you wish to cash out, and after the request has been confirmed, you can expect the funds to reach your WebMoney account in 24 to 48 hours. However, note that withdrawals can be processed only through the WebMoney ID with which you made a successful deposit in the last six months. Minimum payout is almost always €/$20 but maximum withdrawal limits depending on the casino. For example, Bitstarz allows daily withdrawals up to €/$1,000 while King Billy Casino lets you withdraw up to €/$4,000.
Does Webmoney casinos impose extra fees?
All transactions using this payment incur a 0.8% transaction fee of the total amount of the transaction. Compared to other e-wallets, WebMoney fees are considered quite low. Also, most Webmoney casinos don’t charge any additional fees when depositing and/or withdrawing your winnings.Lowest Fee Webmoney Casinos
Keeper App: Making casino transactions with Webmoney on the go
WebMoney has designed a dedicated mobile app for its users. There are various versions of the app, depending on the operating system you are using. You can find the app in the Apple store, Google Play Store, Blackberry World, and Windows Store. Only users of the WM Keeper Standard purse program or higher can use the mobile app. After you have verified the device through SMS verification and WMID, you can access all of your purses and make casino deposits and withdrawals on the go. All you need is a stable internet connection. The app also has a built-in messenger that allows you to communicate with other users. In addition, it uses the same language you have selected to be the primary interface language of your mobile device.
Webmoney alternatives: Popular payments in Eastern Europe
In case WebMoney isn’t available, there are a couple of alternatives that might do the trick, including Qiwi and Yandex Money. In a WebMoney – Qiwi showdown, there’s a pretty tight duel.
Qiwi has over 11 million users who followed a simple registration and SMS verification process for their accounts, like the one for WebMoney. Also like WebMoney, Qiwi is a payment system protected with SSL-encryption that allows instant deposits to casinos. Looking at the differences, depending on the method of topping up your Qiwi account, you will have to pay a 1% fee for all deposits under 2,000 rubles. In addition, withdrawals take longer than those of WebMoney and are usually concluded in 2 to 5 business days. While WebMoney is available in nine fiat and three cryptocurrencies, Qiwi only supports payments in rubles, euros, US dollars, and British pounds.
A similar situation appears in a WebMoney – Yandex comparison. In case a casino doesn’t support WebMoney, Yandex Money would be the next best option. This method allows instant deposits in casinos as well, but the only currencies it can process are rubles and US dollars. There is also a 15,000 rubles maximum single transaction limit. Depositing into your Yandex account goes with a 1% fee.