WebMoney is a multi-facet payment solution company. They enable customers to keep funds online, which they can use to send to friends/family, pay for services, shop online and fund their casino accounts. They’re comparable to other e-wallets like PayPal, Neteller and Moneybookers.
However, WebMoney is different from other e-wallets in that they allow you to create multiple “purses.” Each purse is a currency, like USD, EUR, RUR, etc. They also have a program that you can download, as opposed to handling your banking only from your browser.
Overall, this is another deposit option that European, Canadian, Russian and surrounding countries can use to fund their blackjack accounts. This page will serve as a guide to show you how to do that. Read on to learn what casinos accept WebMoney, how to set-up an account, make a deposit at a casino and the pros and cons of using WebMoney’s service.
Casinos and Software Providers That Accept WebMoney
Here are our top picks for casinos and software providers that accept WebMoney.
- Bet365 Live Blackjack
- 888 Casino
- Casino Club
- Party Casino
- Blueprint Software
WebMoney isn’t as common a banking option as, say, Neteller, Moneybookers or credit cards. However, there are still solid casinos you can sign up to that are powered by well-known software companies like Microgaming and Playtech.
How to Get Started with WebMoney
Before you can make a deposit with WebMoney you’ll need to create an account. This is simple enough to do, just follow the steps:
- Phone number
- Personal details – Name, address, date of birth, etc.
- Email verification
- Mobile verification
- Create a password
Another way that WebMoney is different from other e-wallets is that they have you verify both your email (using a code sent to you by email) and phone number.
Once you have created your account and verified everything, you’ll then want to fund your purse. You can do that using cash, bank transfer, WebMoney cards, money transfer services and e-wallets. From what I understand PayPal isn’t accepted, but you can find a workaround using other 3rd party services.
From here you’ll make a deposit to the casino of your choice. Just choose that option from the backend and follow the instructions. WebMoney can be used for withdrawals, too, once you’re ready.
Casinos don’t charge you to use WebMoney. However, WebMoney charges an .8 percent fee for sending fund. So that means you will pay a minor fee to make a deposit. There are no charges for making a withdrawal, though.
Advantages and Disadvantages
There are advantages and disadvantages to all banking methods. WebMoney is no different. Here are some pros and cons to help you decide if this is the right banking method for you.
- WebMoney adds a layer of privacy. Once you fund your WebMoney account no one will know how you choose to spend your money. For all your friends/family know you’re buying dog sweaters online when in reality you’re funding your blackjack account.
- Using WebMoney allows you to bypass your bank. Not every bank is comfortable with their customers using their services to gamble online. But they don’t know any better when you fund your WebMoney account first.
- WebMoney can be used for withdrawals.
- There are multiple methods for funding your WebMoney account. This includes e-wallets, wires, money transfers, and with the use of a 3rd party service, even PayPal and Western Union.
- WebMoney charges a small fee. 0.8 percent is nothing compared to 2-7 percent charged by other e-wallets.
- Customer details are not stored in WebMoney’s system. That reduces the number of phishing scams, which is a rampant problem for Neteller, Moneybookers and PayPal.
- WebMoney has a download and mobile apps. Instead of using your browser (which is ok, too) you can manage your account directly from your computer or mobile device. They’re compatible with all the major operating systems, too.
- Few casinos offer WebMoney as a payment method.
- WebMoney transactions are final. This is great for merchants, so that they don’t have to deal with charge backs. However, if someone manages to log-in to your account(s), spends money online or gambles it all away, you have no way of reversing the charges.
- Having to use 3rd party companies (for example, to fund your purse using PayPal or Western Union) for different tasks increases the security risk.