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Last updated May 27, 2020

WebMoney Casinos | Casinos Accepting WebMoney

WebMoney is an example of an e-Wallet and is used to make fast and easy payments online. Thanks to the speed at which the service can be used to send money, it’s become popular amongst online casinos users. WebMoney was approved to by used in the EU from 2015 and has since grown in popularity.

The service is completely free to sign up to and making an account is simple. Currently more than 40 million people worldwide use WebMoney and it’s easy to see why. You’ll find that the service also has support for lots of different currencies and even allows users to buy and sell cryptocurrencies.

Although WebMoney isn’t as popular as some of the larger e-Wallet services, it’s still very well known and so many online casinos accept it as a payment method. To find a list of all the casinos accepting WebMoney as a payment method, check out our full list. Read on if you’d also like to find out more information about the service.

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What is WebMoney?

First founded in Russia back in 1998, the service originally was a way for Russian people to pay for items using the US dollar. Eventually, the service grew and today it has over 40 million users across most continents. The service was licenced to be used in the EU from 2015. As an example of an e-Wallet, WebMoney is easy to use and set up. To get started with your own account, you simply go to the WebMoney site and register. Choose which currency you’d like to use and then your account will be ready to go after filling in a few details.

WebMoney Limits and Verification

As with other e-Wallet services, you can use your account straight away after signing but you may need to verify your ID to remove limits. Limits are placed when you first set up an account to help prevent money laundering and criminal activity. If your account is limited, you’ll need to remove the limits to be able to send and receive large amounts of cash. WebMoney uses a video verification system to verify the ID of its users. You’ll need to be able to connect your webcam to their service and enter a video call with someone who’ll verify your ID matches the documents provided.

Using WebMoney to Make Payments Online

Once your account is set up and limits are removed you can use it to send and receive money instantly. To deposit money into your online casino account, simply choose WebMoney as an option and then log into your account. If you’re not sure whether the service is accepted or not, you can check with customer support. WebMoney even supports the use of QR codes to make payments, allowing you to use a QR code to instantly make a payment. Whilst QR codes aren’t widely used, they are slowly becoming more popular and you can use your WebMoney account to pay for lots of different items in this way. If you’d like to withdraw your money from your casino account back to your WebMoney account, the process works in the same way as making deposits. Note that a fee of 0.8% when using WebMoney usually applies but make sure to check your account details first.

Advantages of WebMoney

Like other e-Wallet services, WebMoney is fast and incredibly easy to use. It’s major advantage is that setting up an account is very simple and you can send and receive money pretty much instantaneously. To go with this, WebMoney is also very secure, your bank details are much safer when using an e-Wallet to make online payments. Rather than enter your bank details online, you simply use your WebMoney log in.

Disadvantages of WebMoney

Despite its simplicity, WebMoney does have some downsides. First off, you do have to pay a charge for various transactions and whilst it’s not much, it’s still more than some other services. You’ll also find that although deposits using WebMoney are supported by many online casinos, withdrawals aren’t. This means that you might have to combine two different services to get money in and out of your casino account.