When it comes to online banking solutions, there are two main categories – global and local payment methods. Yet, some local banking options have evolved over the years that they have become available globally. WebMoney is an example of the latter, being a payment system that has outgrown its initial form of a payment method available only to customers in Russia and ex-Soviet Union countries.
If you are from Russia or an EU country, WebMoney may be one of the convenient banking options for making transactions at online casinos. According to the provider’s official website, today it is used by more than 40 million customers worldwide. It comes as no surprise knowing that it offers a wide range of services, including a funding platform allowing users to raise funds for publishing a book or other purposes.
In this guide to WebMoney, we will stick to using the service for funding online casino accounts and clearing winnings from them. The good news for casino players is that this method can be used both ways with no fees on transactions charged by online gaming operators. Stay with us to learn whether WebMoney is a suitable banking method for you and how to use it at online casinos.
Today, WebMoney is supported by reputable online casinos catering to players worldwide. When it comes to the gaming venues endorsed by CasinoBloke, WebMoney is an accepted payment solution at 888casino, where you can use it for both deposits and withdrawals. Another WebMoney-friendly casino is BitStarz.
Min deposit $20. 50x wagering for deposit bonus. Max bet with active bonus $5. Max winnings resulting from the use of free spins $50. Bonus not available to BTC, BCH, DOGE, LTC players. Free spins added after a successful deposit and 1x wagering is met. Free spins winnings subject to 50x wagering.
Maximum winnings that will be paid out resulting from a free bonus or free spins without deposit will be 100 EUR or currency equivalent. In regards to BTC players, the maximum winnings that will be paid out resulting from a free bonus or free spins without deposit will be 15 mBTC. Any winnings exceeding this amount will be forfeited. Wagering Requirements for Free and Registration bonuses are forty (40) times the Bonus sum awarded to you, unless stated otherwise in the supplemental Terms and Conditions. General bonus terms and conditions apply.
Min deposit €10. Max bet €5. Wagering: 30x. Bonus valid for 30 days unless otherwise stated. Free Spins will be given in the following way: 20 Free Spins will be credited to the player’s account every day, for a period of 10 days. The first set of Free Spins will be added to the player’s account after the player has fulfilled the wagering requirements: 1x wager of deposit's amount in 23 hours.
First time depositors only. Min. deposit €10. Maximum amount of Free Spins is 50. No wagering. Game: Book of Dead - Spin Value: €0.10 per spin. Excluding new players in Northern Ireland. OJO's Reward and Game Play Policy Applies.
Free spins may not be available in all countries and are automatically credited to players residing in eligible countries upon registration. Registration Free Spins and/or bonuses have a maximum cash-out of $100.00. To receive Free Spins & Match Bonus deposit offers, players must deposit a minimum of $25.00 and select "with bonus" during the funding process. Bonus Terms & website Terms & Conditions apply.
You may claim only one (1) bonus per promotional offer. Your account must be less than $/€ 5.00 before claiming another bonus and may not have a pending withdrawal. Unless stated otherwise within a promotional offer, welcome bonuses are subject to a minimum wagering requirement of 25X (Bonus + Deposit) amount before you are granted the right to withdraw, play on restricted games or elevating your wagering. Bonus credits are for wagering purposes only and will be deducted upon withdrawal. A maximum wager of $/€ 6 per slot machine spin is enforced until you meet the wagering requirements stated herein or specific to the bonus which you have claimed. Winnings gained with wagers of more than $/€ 6 per slot spin will be voided. The Casino reserves the right to withhold any winnings or bonus amounts from a player's withdrawal if ANY restricted games are wagered upon before the wagering requirement(s) is completed in full and/or for breaching any of the terms of this bonus.
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Rates, Fees & Cost – Setup cost and transaction fees
Security – Level of safety and security measures
Availability – Number of serviced countries
Reputation – Overall feedback among players and consumers
Customer Support – Quality of assistance and speed of response
Established back in 1998 in Moscow, Russia, WebMoney is a global payment system with more than 40 million users around the world. The service is provided by WM Transfer Ltd and it was launched initially as a money transfer system for transactions in USD. It was at the time of the beginning of the financial crisis in Russia that resulted in increased US dollar use.
The European branch of the company, WebMoney Europe Ltd, was established in 2015 in Cambridge, UK. It operates under an FCA licence that allows it to issue e-money within the European Economic Area. The same year, the company launched a crowdfunding platform where projects can be donated voluntarily. As a universal payment system, WebMoney has been adding innovative solutions like enabling payments via QR code that was embraced by Burger King Russia in 2019.
When we talk about using WebMoney for online gambling, we talk about an e-wallet. Just like with other e-wallets, like PayPal, Neteller or Skrill, you need to sign up for an account by providing personal details and choosing the currency that suits you best. WebMoney supports EUR, USD, RUB, UAH and BYN. After you verify your account, you will receive a 12-digit WebMoney Identification number (WMID), also known as an Identifier. You need to enter it along with the chosen password to access the system.
According to the WebMoney system, e-wallets are called purses and users can create an unlimited number of purses that will allow them to make transactions in various currencies. All purses will be kept in single storage called Keeper assigned with a user WMID.
Once you have set up your WebMoney account and topped up your purse, you can go on and find an online casino supporting it. We recommend choosing one from the list of casinos approved by CasinoBloke as they are all fully licensed and regulated. Sing up with the casino and head to the cashier to choose WebMoney as the preferred payment method. You will be asked to enter the amount you want to deposit and after that, you will be taken to the WebMoney login page where you need to enter your credentials to login into your account. Use your WMID to confirm your transaction and the money will be immediately transferred to your casino account.
Most online casinos that support WebMoney allow its players to use this solution to cash out their winnings as well. The procedure is similar to depositing via WebMoney, with the only difference being choosing it as a withdrawal method. Some operators may have different rules for WebMoney cashouts, so make sure to check them and see whether it is the best option for clearing your winnings.
Transactions via WebMoney typically don’t incur any fees, at least when it comes to online casinos. However, the service provider charges a 0.8% fee on all transactions carried out through the system. Fees can go up to 4%, depending on the method you use to upload and withdraw your funds from your WM purse. Deposits through WebMoney are instantly processed whereas withdrawals may take between 2 and 7 days.
If you have any issues while using WebMoney for funding your casino account or clearing your winnings through it, you can get in touch with the casino customer support team and try to solve it. Besides, on the service provider’s official website you can also get assistance. For questions on WM Keeper or any technical problem, don’t hesitate to contact WM Technical Support by creating a ticket.
There are two phone lines in Russia as well, and you can use them for general help or technical questions. WebMoney is present on Facebook and Twitter as well.
WebMoney is a secure banking method that guarantees fast and safe transactions thanks to the latest security measures employed by the service provider. If you opt for it, you will make deposits and withdrawals without need to reveal your personal and financial information with the operator. Payments are instantly processed via WebMoney, and the solution is also supported for cashouts. Besides, WebMoney e-wallets can be funded by a wide array of banking methods, including credit/debit cards, internet banking and bank wire, prepaid cards and more.
Yes, you can use WebMoney for both deposits and withdrawals at online casinos that support it.
WebMoney transactions are completely safe thanks to high security standards the operator adheres to.
WebMoney is an e-wallet similar to Skrill, Neteller and PayPal.
It depends on the online casino you sign up with. While some casinos may set maximum deposit limits, others will allow you to top up your account with as much money as you want.
Deposits via WebMoney are processed instantly whereas cashing out through this method may take up to 7 or 10 days.
While online gaming operators won’t charge you fees on deposits or withdrawals through WebMoney in most cases, the service provider imposes fees of 0.8% and higher on all transactions made within the system.