Webmoney Domains

Webmoney payments for web hosting and domain name registration

WebMoney is such a service that can compete with the likes of PayPal or Skrill, at any time & in many places around the world. While it started as a Russian online payment solution in November 1998, during the last decade, the company has expanded its services to other markets like the EU or the US, 100% legitimately as you will read in our honest WebMoney review below.

What Is WebMoney?

WebMoney indeed has over 20 years of experience online, going back to the Russian financial crisis in 1998 that devalued the Russian Ruble significantly. As the need for a safe haven like the US Dollar in Russia increased, so did WebMoney’s business.

Soon enough, because of the company’s flawless reputation, users outside Russia demanded to have access to the payment solution, too. The merchants and yes, many online casino operators followed and included WebMoney as one of their default payment options. As a result, the Russian company had to change its business approach to fit the international needs.

WebMoney is now a conglomerate of companies with headquarters all around the world. In the US, for example, Amstar Holdings Limited represents WebMoney and guarantees the US Dollar assets commonly known as wmz. In Europe, WebMoney Europe Ltd. guarantees the EUR assets known as wme. In Russia, SANTIKA BUSINESS GROUP INC guarantees the Ruble title units known as wmr.

All companies are regulated in their respected jurisdictions so you don’t have to worry about any legal complications that may appear with the unregulated ewallets.

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How WebMoney Works

To understand how WebMoney works, you must first familiarize with the term WebMoney Transfer, which is the platform’s universal payment settlement system. Every user registering on the platform is assigned a ‘purse’ – storage where his or her funds are being kept safe. Since different companies keep the customers’ funds safe, depending on the country, there are different kinds of ‘purses’ – R-purse (WMR) for Russians, E-purse for Europeans (WME), or Z-purse for the US players (WMZ).

How To Use Webmoney

Depending on your location, you can add funds to your WebMoney account using a credit/debit card, via a direct bank transfer, or some other options available near you. If you live in Russia or you are a Commonwealth of Independent States (CIS) citizen, you can also add funds using cash-in terminals like TelCell, Netto Processing, QIWI, or ExpressPay.

Frequently Asked Questions (FAQ)

For extra information about WebMoney feel free to check our FAQ & Answers section below.

Is WebMoney safe?

Like we’ve mentioned at the beginning of our honest review, WebMoney is a top-notch international business model, regulated by the financial authorities all around the world. You are in no danger of getting scammed by such a prestigious and established company, yet there is a risk of hackers trying to compromise your end aka your browser, operating system & device. 

Is there a WebMoney prepaid card?

Yes, there is, but you have to apply for and receive a Formal Passport, before ordering the WebMoney card. Access t choose your card based on your location, wait for it to hit your mailbox, and activate it using your account. Worth mentioning the issuance plastic card fee is 12 USD.

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Can I use WebMoney in the US?

Of course, you can. Since you are in the US, you will be eligible for a Z-type ‘Purse’ guaranteed by Amstar Holdings Limited, part of the WebMoney global network. (Note: While Webmoney is available for residents of the United States, it cannot be used for online gambling)

Can I exchange WebMoney to Paypal?

There is no direct or official way to exchange WebMoney funds for PayPal USD, but you can use one of the many e-money exchangers on the web. Just be sure to double check for user reviews and read about the user experience with the exchanger. These platforms still operate in a grey area, so it’s better to be safe first than sorry.

What about WebMoney To Bitcoin?

Interestingly enough, WebMoney has an exchange, besides the usual ewallet-like platform. Not long ago, the company has entered the cryptocurrency market and you can now use the official exchange to buy Bitcoin with your WebMoney funds. 

Summary

You don’t have to live in Russia to think about creating and using a WebMoney account, anymore. WebMoney is now global and as CEO Avet Mnatsakanyan said in an interview, the company doesn’t offer just an ewallet to its customers, but a whole reliable environment for doing business online.

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