The platform is one of the most commonly used services to ensure smooth online transactions. The brand was founded in 1998, and according to official data, the company’s owner is WM Transfer Ltd.
The platform has united over 39 million accounts and continues to expand its client base annually. One of the service’s main features is that each user receives a personal registration number WMID, which can later be used both to receive and send funds within the service.
The platform offers users to open wallets in the most widely used currencies, including the US dollar. Besides, the provider also offers to use crypto assets. It means clients can also open wallets in Bitcoin, Bitcoin Cash, and Litecoin.
User Registration and Verification
After completing a short registration, a user must provide additional data to receive the appropriate verification certificate. As the number of transactions increases, the level of trust in a user’s account will gradually increase.
Thus, the service motivates users to play fair and discloses information about the reliability of an account in advance. Some experienced traders point out that the presence of WebMoney in the list of payment methods is a sign of a good reputation of a broker. The client can quickly check the rating of a brokerage account on WebMoney and roughly understand the level of the service’s reputation.
Payment System Capabilities
Clients can:
- Top up an account on the service website using a credit or debit card, mobile payments, or a WM card
- Make payments for mobile services, online services, mobile games, and so on
- Conduct online transactions with other users
- Withdraw funds to a bank account or card 24/7
- Issue and pay invoices
- Make an exchange between wallets with different currencies
- Take loans and lend money to other users
- Use a pattern, password, or pin code to log into an account
- Activate the use of the built-in E-num app to confirm a transaction
From a business point of view, the platform also offers a wide range of services, including round-the-clock acceptance of payments from customers, fast and guaranteed payments of funds, control of order execution, protection of transactions, and so on.
Webmoney is perfect for traders and Forex brokers who offer their services in the territory of the CIS. The main advantages of the service are secure and guaranteed payments and a high speed of account replenishment and withdrawal of funds.
