Instant online transaction provider WebMoney was launched in 1988.
WebMoney users can register a purse that determines the number of their rights within the system. Each purse has a unique ID number. Purses vary depending on the currency: bank checks for euros and Russian rubles, goods certificates for US dollars, bank account claims for UAH, prepaid transfers for Vietnamese dongs and receipts for gold. Users can fund their purses or withdraw from their balance, but actual money transfers are not supported – all money is stored in the form of Webmoney Title Units.
After signing the user agreement and getting a WebMoney passport, users can create an unlimited number of purses, all of which combined make up one depository with one ID number. The range of available tools to perform financial operations is determined by the level of the user’s account: “keeper classic” for Windows doesn’t require any internet access; “keeper light” is a browser app with a secure connection to an individual certificate; there are also “keeper mini”, ‘keeper Mobile” and a built-in version for social networks.
Webmoney uses special key files that can’t be opened until after personal id, key and password have been entered. Every user has to complete a tedious verification procedure before creating an account. Their personal data can be hidden if they so desire. There is an “Escrow” option to prevent reciprocal claims.
The service has numerous advantages for merchats: no maintenance fees, instant payments without any chargebacks, low fees for transactions and withdrawals, a broad customer base, plus the opportunity to withdraw funds, professional support. On the website you can find a catalog of merchants who accept Webmoney as a method of payment.
The full list of WebMoney services as well as their descriptions is displayed on the website. You can add funds with a bank card, automate recurring payments, pay in bulk as well as borrow or lend money. You determine loan amounts and repayment periods. WebMoney is not responsible if borrowers do not pay their debts. WebMoney features a safe messager. You can use it to discuss financial and private matters without any sensitive information being leaked.
|Supported Languages||English , Russian , Turkish and Português|
|Supported Currencies||WMB, WME, WMG, WMK, WMR, WMU, WMX|