Readily available to CIS and Eastern European countries, as well as the USA, Netherlands, Japan, Greece, Germany, Spain, Israel, France and the UAE, this payment solution gives online gamblers from far and wide the opportunity to participate at casinos and poker rooms without having to utilize their credit cards. I am not really in favor of online credit card transactions, and it appears that neither are the banks, mainly because it is what is referred to as a NCP transaction (No Cardholder Present) This means that security and fraud is a very real issue. Webmoney on the other hand, is an e-wallet solution that enables you to pre-load a Wemoney account, which can then be debited at online vendors.
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How to use Webmoney
The registration process was not the easiest, because I discovered that in order to register a Webmoney account, I needed to download WM Keeper software from www.mtransfer.com. Once done, I set up a my account or "purse". This too was a little daunting, because instead of simply choosing from a list of existing currencies, I was presented with Webmoney currency options. These included WMG (Gold Equivalents), WMZ (US Pound Equivalents), WMR (Ruble Equivalents), WME (Euro Equivalents) and WMU (HRYVnia Equivalents). Anyway, once I had finally finished the registration process, I was issued with a WM-ID and password unique to me, for use in the authorization of debits from my Webmoney account.
Funding my Webmoney account was easy, and I realized that I could do so in may different ways. I opted for a money transfer which took a few days, but payments can be made via credit card, debit card, Webmoney pre-paid card, paysafecard, Ukash, postal money orders, ATM's or in person at several dealer locations.
Webmoney Ease of Use And Security
My experience using Webmoney online to fund my casino account was that it was effortless and immediate. I simply entered the amount I wished to deposit and my WM-ID, and within seconds, I was informed that my casino account would be credited. To complete the transaction, I entered my password, and the payment was complete.
So, if you don't mind a more tedious than average registration process, Webmoney is a fantastic e-wallet solution that provides accessibility to numerous online vendors, diminishes the capacity for fraud and unauthorized transactions off your bank account, and is really simple and convenient to use.