Web Money Casinos

WebMoney is an online financial network that offers its users a transparent way of conducting online transactions. Although it can be categorised as an e-wallet, WebMoney offers a much more open business model than most. Although WebMoney is predominantly a Russian payment method, it does offer its services worldwide for virtually all currencies in both Russian and English. It is currently accepted by 70 different online casinos.

Overview of WebMoney

Like all e-wallets, WebMoney allows you to transfer funds into an intermediary account (called a “Purse”) where you can either transfer your money to a participating merchant or withdraw them back out. However, the number of ways WebMoney allows you to do this is virtually unprecedented. WebMoney tends to allow users to create channels for moving funds around themselves. To create an account, all you have to do is sign up on the page and verify your email and phone number.

Adding Funds to WebMoney

The number of ways you can get money into your WebMoney is vast. The ways with which you can add money will depend largely on where you live and what currency you wish to deposit. However, virtually anyone can use an independent exchanger to add funds. Just make sure that you choose one that is reputable. Other methods available for you include bank and ATM deposits, postal transfer, The fees that exchangers and WebMoney themselves charge vary from method to method, so take the time to examine the WebMoney website before making your decision.

Using WebMoney at Online Casinos

To make a deposit at an online casino with WebMoney, just log into the casino and choose WebMoney from the cashier. Then simply provide the necessary Purse information and conduct the deposit within a matter of seconds. If the currency you have in your WebMoney Purse is incompatible with the casino you want to play with, you can exchange it instantly at market rates within the WebMoney interface.

Withdrawing from WebMoney

To get money out of your WebMoney purse, you have a lot of options at your disposal. Like depositing, the methods with which you can withdraw will depend on your location. Third-party exchangers can be used to convert your WebMoney into another currency if you'd prefer, or you can withdraw directly with options such as bank wire, cheque, Western Union, gold bar delivery, and direct bank branch transfer.

Advantages of WebMoney

WebMoney offers a level of flexibility that simply isn't seen with the vast majority of online casino funding and withdrawal options. Their open system gives you the power to conduct all types of transactions with other WebMoney users, from deposits to withdrawals. However, WebMoney provides a number of direct transaction methods as well.

Disadvantages of WebMoney

To a first-time user, WebMoney can seem a bit daunting. The level of freedom does come with a high learning curve for those looking to conduct transactions with third-party exchangers for the firs time. Although some jurisdictions do have plenty of methods to get funds in and out of Purses, others will depend largely on working with other users.