Since 1998, WebMoney has been a payment system used by online gamblers. Created by WM Transfer Ltd, WebMoney was originally a hit among players from Russia, but in recent years, the system is accepted in other parts of the world, including the UAE, Japan and many European countries.
There are many advantages to using WebMoney as a payment system, starting off with its easy registration process. To sign up for an account, you’ll first need to download the client interface, which is completed in a very short space of time. The process requires verification of the account and thereafter you are given a WebMoney Passport to use the system.
WebMoney will provide you with a virtual purse based on your method of payment and currency (a number of which are supported), and funds are then transferred using the same currency that you signed up with. You are then free to add funds to your virtual purse through a number of methods, including wire transfers and pre-paid vouchers. Once the funds have been transferred into your purse, you can use the money to pay for your internet gambling entertainment, and also withdraw your winnings back into your purse.
The most obvious advantage of WebMoney is that it is simple to use and therefore growing in popularity as an easy and reliable payment method. Although a service fee is charged, players are given peace of mind when transferring money over the internet, which is sometimes worth its weight in gold.
The security advantages of using WebMoney as a payment system should also not be overlooked, as you don’t need to use your credit card, or provide your banking account details when paying for your gambling entertainment.
Discretion is also a major advantage as you are able to remain anonymous through a user name and password when paying for your casino fun, instead of putting in your full name each time.
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