WebMoney first emerged from Russia in 1998 and has ascended to be used by millions of people throughout Eastern Europe. This Russia-based online payment solution is currently in the midst of an expansion drive. That is why this payment method is becoming more widely accepted by online casinos with every passing week. Now, let us explore how it works.
Pros and Cons of WebMoney
Choice would have to be the fundamental benefit of WebMoney. This online payment method can essentially function like PayPal and Ukash. Credit/debit cards are not required for WebMoney transfers, but you do have the option of attaching them. A connected card will let you transfer funds seamlessly online. That is how WebMoney is similar to PayPal.
In the case of Ukash, depositing with WebMoney can be done by visiting participating outlets and pay directly with cash. Additionally, it is also possible to pay for an e-voucher to top up a WebMoney account. Comparatively, WebMoney is much easier to deposit with. You can simply have casino winnings sent to your account, whereas most Ukash users have to accept a cheque or make a wire transfer.
Mobile is a key advantage, as users can install a WebMoney mobile app on a range of operating systems. Users of Google, iOS, Windows, BlackBerry, and Bada are all compatible with the app, highlighting its impressive level of accessibility.
The single-biggest con of WebMoney is that the payment has not been integrated into global financial systems, leading many to question its credibility. Moreover, there is a fraud concern in that WebMoney works with a multitude of third party operators in providing services. WebMoney is not available in the UK and the pound is not an accepted currency.
Best WebMoney Casinos
Guts Casino – Pay via WebMoney and it is possible to claim £300 worth of bonus funds and 100 free spins for Starburst. Those funds will be dispersed over three initial deposits, making it possible to play games from top-notch developers like NetEnt and Play’n GO.
888Casino – Gaming can be enjoyed free of charge with the complimentary £88 no deposit bonus. An initial deposit made with WebMoney will be eligible for a 100% match bonus up to £100. There are hundreds of games to access across mobile, live, and desktop.
William Hill Casino – Players from Eastern Europe can make their first deposit with WebMoney, which can yield up to £150 worth of bonus funds. William Hill has Marvel slots plus hundreds of other casino games, including blackjack, craps, roulette, video poker, and more fantastic slot titles.
How to Use WebMoney at Casinos
WebMoney banking is now present in more than 80 countries, but the UK is not yet one of them. Nevertheless, it is still a highly effective form of online payment for many online casino players. Check out our 1, 2, 3 quick-guide to see how it works:
- You can try to use it simply by accessing WebMoney’s website and clicking on the registration button in the top right corner of the screen. The site will let you proceed if you are residing in an eligible country.
- At some point during registration, you will have the option to download WM Keeper. This is a piece of software that lets you interact with online vendors to make financial transactions. Alternatively, it is possible to make WebMoney payments within your web browser. Simply install a WebMoney Transfer certificate, as instructed, to proceed. The process is pretty simple.
- Provided that you have verified your account, WebMoney will then permit you to add funds to the e-wallet. This is possible by visiting land-based WebMoney outlets, but the more convenient option is to use a credit card to upload funds. WebMoney will not draw exact amounts of money to cover transactions. Instead, you will make payments from a preloaded pool of funds. US dollars and euros are accepted.
- Choose WebMoney as your preferred payment option with participating casinos. The cashier will present it as an option alongside other methods. Select the value of your deposit and then click to proceed. Next, enter your WebMoney password with whichever methods you have set up. The funds will be credited ready for use.
There are now more and more casinos that take WebMoney. Feel free to come back to our guide for future reference.