How to get started with Web Money
Registration in WebMoney system includes a four-step process.
As a new user, you will need to go to www.wmtransfer.com and click on the sign-up button.
You will then enter your mobile number, including an international code.
You will receive a verification code anytime you initiate a transaction for safety purposes.
You can also register via popular social networks. You will then be required to enter your personal details by filling out a form; ensure that you input correct personal data since you will need verification to fully access the account.
After that, you will need to confirm your email address and phone number after which you will set up a secure password. As a new user, there are limits to the total amount you can transact and you need to get a certificate to lift limits.
Advantages of Webmoney
Webmoney has been a beneficial and a recommendable payment system for the following reasons:
Instant Transfers- Both deposits and withdrawals are conducted in a fast and smooth manner that ensures that your money arrives in your account quickly.
Multiple Currencies- WebMoney supports multiple currencies, six to be exact, including Euro, USD, Belarusian ruble, Rur, Japanese yen among others.
Protection and Privacy- WebMoney state they will never give customer credit card information to any third party.
Using Webmoney
Fees
WebMoney charges the user per every transaction they make. The fee is set at a rate of 8 percent of the money being transacted. However, the fee should not be less than 0.01 WM or higher than 50 WM either.
Purse Types
Purse types are laid out depending on the currencies. The purses include:
WMZ-a purse of type Z holds funds in US dollars.
WMX type — funds in BTC
WMR-a purse R type holds funds in Russian dollars
WMU- The U purse holds funds in Ukranian hryvnias.
WME- The E purse holds funds in the Euro
WMK type — funds in Kazakh Tenge
WMG type — funds equivalent to gold
Deposit methods
There are many deposit methods which users can use to top up cash into their account including:
Online Bank Cards (Visa and Mastercard), Internet banking, cash-in terminals, electronic money, prepaid vouchers and cards, bank branch, bank wire, Money transfer systems and WebMoney exchange offices.
Withdrawal Methods
Users can withdraw money from their accounts using:
Bank cards, cash, money transfer systems, bank wire and electronic money.
Processing Time
Deposits to a WebMoney account are mostly instant except for money transfer systems and bank wire which take 1 day. It takes typically 3 days for you to withdraw money from WebMoney to a bank card, 2 days by money transfer, 3 days by bank wire and 1 day via cash into stock exchange. However, withdrawal to WebMoney card, webmoney offices, electronic money and cash via a bank are instant.
How Secure is it?
WebMoney is among the most secure payment systems. Users can secure their purses against unauthorised transactions and intrusions by:
- Setting a list of IP addresses to access the system
- Confirming any transaction via phone
- Enabling or disabling pay via sms option
- Authorising transactions with E-num
Some of the most popular funding methods include:
BrokerNotes.co 2023 Overall Rankings
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