Webmoney Review

Webmoney Casino Banking Method Review

Originally created in 1998 to target the Russian market, Webmoney has since gone global, and now stretches across the world. With a rumoured 11 million users, it's relatively small compared to the financial heavyweights, but has some elaborate facilities that place it apart from its rivals.

A Webmoney account is set up, and cash is then transferred to it using a bank transfer. Unlike many e-Wallet companies, Webmoney doesn't allow the use of credit or debit cards to fund accounts. Nor are other forms of paymet, such as PayPal, allowed. This will undoubtedly be a nuisance to some users, but does cut down on the amount of fraud. Webmoney is also very careful about not allowing personal details to be stored on its servers, so customers can be assured that information about them won't be leaked. Security is key to Webmoney, and it works very hard to prevent client data from falling into the hands of identity thieves.

The heightened security stretches to depositing money with casinos etc. Only the username and password will be sent out, so the casino won't receive any other information (bank details, credit card numbers etc.) relating to the user. Like PayPal, Webmoney transfers are incredibly safe and secure. Transfers are essentially immediate.

The account is generally accessed through the WM Keeper software interface. The 'Classic' version is the main program used, although there is an additional cut-down 'Mini' edition, and also a special 'Mobile' version for iPads, iPhones, and Android devices. Users who don't want software loaded onto their computers can install the 'Light' version instead. This essentially consists of the WebMoney certificate, and uses secure https to transfer money through any browser. This option isn't as powerful, but does have the advantage of convenience.

Besides its security advantages, Webmoney has low transaction fees and fast transfer rates. As such, it seems a preferable option to, for instance, credit cards. Casinos are gradually expanding the number of payment types which they'll accept. So why is it not more popular? Well, the no-credit cards policy can't help. But its lower popularity could have a lot to do with Webmoney's strong business emphasis. The web-site isn't particularly user-friendly, and the language is formal. The odd lapse into Russian (even when the page is supposed to be in English) also won't help ease the concerns of potential customers who may be wary of anything that might seem slightly exotic. Having said that, we like the strong security on the site. Neteller and Skrill are friendlier to use, and target home users far more than businesses. But for somebody who wants a more powerful and flexible payment option with strong identity protection, Webmoney is a fascinating option.