WebMoney Casinos
For serious gamblers, few tools are more versatile when it comes to banking than a good e-wallet. Capable of processing both deposits and withdrawals, as well as simply holding money for later use, these are a great way to organize and manage your bankroll and allow you to handle all of your play with just one account, rather than signing up for different payment processors at every site you want to bet on.
One of the largest of these companies is WebMoney. Founded in Russia in 1998, the service has traditionally been used primarily in Russia itself and other former Soviet republics and parts of Eastern Europe. However, the product now extends well beyond this region, and while that is still the area where it is most common, there are more than 25 million registered accounts worldwide. Capable of working with a wide range of funding methods and offering some rather unique features that users can take advantage of, this is also a relatively popular deposit option at online casinos.
How to Use
In order to use this method, you’ll first have to register for a WebMoney account. Once you’ve done so, you’ll also want to put some funds into your wallet. There are a number of ways to do this, though the methods will vary depending on exactly where you live, which currency you’d like to use, and what is personally available to you.
Top-up methods include a number of credit and debit cards (particularly Visa and MasterCard), as well as bank transfers and other money transfer systems such as Western Union. Electronic money options also exist, and players can even exchange cash at many bank branches, through prepaid vouchers, or at WebMoney exchange offices in many locations. In some markets, you might also be able to pay through your mobile phone bill or by cashing in prepaid minutes.
Once your account is set up and a funding source has been selected, you’ll need to open an account one of the many trusted casinos that accept this deposit method. In order to make your payment, head over to the cashier or banking area and look for this among the list of options (it may be listed under a subsection for e-wallets).
First, you’ll need to let the casino know how much you would like to deposit. At that point, you will be taken to the WebMoney site where you’ll be asked to log into your account. From there, you will be asked to confirm the transaction details. Once you do, the payment will be processed. In a matter of moments, you should see the transferred funds added to your account balance and available for use in the gaming site.
Withdrawals are also available through this service, and most sites offer banking in both directions with this e-wallet. Withdrawal times vary depending on the policies of each casino, but are generally processed within a few business days.
Advantages
One of the largest advantages to using this wallet program is the fact that it works with a wide variety of funding methods, particularly in Russia, Ukraine, and other Eastern European nations where players may not always have the same array of deposit options seen in some other parts of the globe. Almost anyone can find a way to get money into their wallet, after which making a deposit is quick and easy.
Other than that, WebMoney offers up many of the same advantages as other e-wallet solutions. As you can process both deposits and withdrawals through this system, it makes it possible to maintain all of your banking in one place. That means fewer accounts to sign up for, fewer passwords to remember, and less concern about hackers or identity thieves stealing your financial data. Like other e-wallets, you’ll also benefit from fast, secure transactions that are very simple to process.
FAQ
Are There Any Fees When Using this Method?
Generally, any fees associated with deposits and withdrawals are handled by the casinos themselves. However, many wallet funding methods do have associated fees that are paid by the users. Depending on the option utilized, these can range from 0% to 10% or more, though most common methods charge less than 5% of the amount of the transfer.
Can I Use This in the United States?
While WebMoney is available in the United States, it cannot generally be used for online gambling purposes in the USA. This is due to regulations that were passed that make it illegal for financial institutions to transfer funds to most Internet gambling sites.
What Currencies Are Supported?
Along with the world’s major currencies, several local currencies are supported in Russian and nearby nations. Such as US Dollars, Euros, Russian Rubles, Belarussian Rubles, Ukrainian Hryvnia, Kazakh Tenge, Bitcoin, and Gold.
What Are Some Alternatives?
Many players interested in using an e-wallet for their online casino play may have other options that are more widely accepted. For instance, both Skrill and Neteller are commonly accepted at most iGaming websites, and support a variety of worldwide currencies. PayPal may also be a viable alternative in some regulated markets.
Is This Option Available for Withdrawals?
Yes, WebMoney can be used for both deposits and withdrawals, with many players choosing to do both in order to handle all of their online gambling banking through a single system. While players can hold funds in their WebMoney purses, they can also further cash out their funds to use offline. This can be done via a bank transfer, or through established cash-out points. In addition, a WebMoney card can be used in order to cash out through ATMs.
How Fast are WebMoney Deposits?
Once your purse is funded, the actual deposit process is very fast, usually taking only a couple of minutes or less to complete. That means that you can start playing for real money at casinos that accept WebMoney in a matter of just minutes, allowing you to quickly jump into the action.
Is This a Safe Deposit Option?
WebMoney is one of the safest deposit options available in its key markets, particularly for uses in Russia and other nations in the region. Established in 1998, this company has a long track record of reputable operation. The system works through a system of various guarantors who help provide secure transactions for users. In addition, two-factor authentication systems are available if you want to add additional layers of security to your account.
