WebMoney can seem confusing to those who aren’t familiar with it, but it is actually a very useful and flexible payment system. WebMoney can be described as Russia’s PayPal. WebMoney, like PayPal, can be used to send money, deposit to betting sites, and receive payments.
Although this payment method is not available in the United States, it accepts customers from almost 90 countries. WebMoney is accepted by most of the top betting sites as a deposit or withdrawal option. There are a number of payment options available, including bank transfers and cash exchanges in person. The best part is that you don’t need a bank account to use this service.
How WebMoney Bets Work
WebMoney accounts are made up of “purses” which correspond to real-world currencies. Multiple purses can be stored in one account, each purse representing a different currency. WebMoney purses can be purchased in Russian rubles or US dollars, euros and Belarusian rubles. They also come in gold, Vietnamese dong, bitcoins, US dollar, euro, Russian rubles and US dollars.
All your purses are held in one WebMoney ID (WMID) under your account (“Keeper”) When you send money to someone you need to enter their WMID. The funds will be sent to the account of that user. You can receive online casino payments by giving the site your WMID. The money will be deposited to the appropriate account within WebMoney.
A WebMoney account can be used for many other purposes. It can be used to create contracts with other members, loan requests and escrow funds. Password protection is available. If you look at all the uses of WebMoney, it can be quite complex. WebMoney can be considered an e-wallet for online betting.
WebMoney Online Sportsbook & Race Handicapping Sites
It takes just minutes to set up a WebMoney Account. Canadians have many options for funding their WebMoney accounts. It’s easy to get money into your WebMoney accounts using credit cards, internet banking or WebMoney exchange office wire transfers like Western Union.
After completing the necessary sign-up and identity verification steps (which take between 5-10 minutes), bettors are able to upload their funds to WebMoney or to their preferred sportsbook.
Best WebMoney Betting Sites