WebMoney Casinos
WebMoney is one of the many payment methods you can expect to see available at online casinos. Predominantly an electronic payments processor, it is headquartered in Russia and owned by WM Transfer, Ltd.
Around 40 million people use WebMoney to shift finances around the world every year. Just under 40% of those are based in Russia, who use the online casino payment method to purchase goods online. Other notable markets include Belgium, Poland, and Spain. Kazakhstan and Belarus are two of the emerging markets to use WebMoney. Read More
Not every country accepts WebMoney, although it has an FCA license to operate in the European Union and European Economic Area. It is still a reasonably widespread option for players at online casinos in Europe and Russia. Players based in Asia and North America are set to miss out – at least at this moment in time.
About WebMoney
WebMoney was founded in 1998, and when WM Transfer Ltd saw an opportunity to do things differently following the famed Russian financial crisis. The sudden influx of US dollars used in Russian society saw the creators exploit the market to create an online money transfer system that would be based on the currency.
WebMoney was one of the world’s first e-wallets. Naturally, Russians loved the idea, and shortly after its launch, WebMoney began to look at ways to expand. However, it would not be until 2015 that they really saw that pipe dream become a reality. An FCA license was granted to WebMoney in 2015, allowing the online money transfer method to process online casino payments in the European Union and wider EEA.
Today, WebMoney is a popular option not just for Russians but for anybody who wants to deposit via an e-wallet. You can also order a WebMoney prepaid VISA debit card linked to the funds in your wallet. This gives WebMoney users two quite different ways to deposit a payment at their favourite online gambling sites.
Depositing at a WebMoney Casino
You cannot deposit at an online casino with WebMoney unless you open an account with the electronic money transfer provider. Doing so is free of charge. After setting up a WebMoney account (which you can do without charge on their site), you can link your bank account or bank card to the e-wallet.
Even if you use the WebMoney app (one of the more recent innovations from this payment provider), you are still looking at the same fee. This fee is capped at €50. In most cases, the minimum deposit limit for WebMoney deposits is set to around €20, rising to a maximum cap of a few thousand.
WebMoney transactions should be free of charge at online casinos, but this can vary from site to site. On the upside, transactions are usually processed speedily. Here is what you need to know about depositing at WebMoney online casinos via our step-by-step guide.
- Get a WebMoney Wallet. You must first sign up for a WebMoney wallet. This will not cost you a cent, but you will need to fund that wallet with either a transfer from a bank account, cryptocurrency (Litecoin) or conventional card payment. Remember, you are going to be met with a fee of 0.8% up to €50 for this process. Also, bear in mind that uploading to your WebMoney wallet can sometimes take a few days, depending on the method you use to fund it. After opening an account, you will get a WebMoney ID.
- Deposit at a Casino. After finding a safe and secure place to play that accepts WebMoney, you need to select the online casino payment provider from those available on the casino’s payment and banking page. Hit WebMoney and select the desired amount. You will then be transported to the WebMoney login page, where you can use your WebMoney ID to verify and confirm the transaction.
- Use a WebMoney Card. If you have applied for a WebMoney prepaid VISA debit card, you can use this deposit at casinos, even if they do not necessarily accept WebMoney. Bear in mind that card payments may see you incur fees and can take longer than a conventional WebMoney transfer.
- Start Playing. In most cases, funding your online casino account should take nothing more than a matter of minutes. A casino may charge its own fees for using the e-wallet, so bear this in mind. Once funded, players can start playing any of the online casino games supported at the casino in question.
Withdrawing at a WebMoney Casino
WebMoney can normally be used to withdraw your funds from your online casino, too. In most cases, you are looking at a withdrawal process that is no different from the one you used to deposit. However, because WebMoney charges fees for processing transactions, do not be surprised if the casino slaps you with the 0.8% fee for doing so. On top of that, you may find yourself subject to another 0.8% fee when you want to cash out from your e-wallet to your bank account.
Withdrawals made via WebMoney are not going to be the quickest online casino payment options out there. Some can be processed in under 24 hours, but it is not uncommon to see a 2 to 3-day delay with the processing of casino withdrawals via WebMoney. The minimum and maximum withdrawal limits can vary a lot, though. These are the steps you need to be aware of…
- Cover Your Bases. Nothing will slow down your withdrawal quite like failing to fulfil any outstanding wagering requirements, being over your withdrawal limit, or not going through any KYC process the casino has. Make sure you have accomplished these tasks before attempting to cash out your winnings.
- Choose WebMoney. Not every online casino accepts WebMoney as a withdrawal option (even if they permit deposits), but most do. Select the option and enter your WebMoney ID. You can then select the desired withdrawal sum and complete the transaction.
- Pay Attention to Fees. As mentioned, some WebMoney casinos will pass the buck on to you. Always check that the 0.8% is not applied by the casino, as you are going to get charged this fee when you move money on from your e-wallet to your bank account, assuming you want to do so.
- Wait for Your Withdrawal. WebMoney withdrawals should be relatively quick, but that can vary from site to site. After confirming the transaction, all you can do is wait. Note that to transfer funds from your WebMoney account to your bank account; you can expect a delay of a few days.
The Pros and Cons of Using WebMoney As a Payment Method
-
An ideal payment provider for Russian players
-
You can use the US dollar, euro and Litecoin currencies
-
Commonly found at many major casinos
-
FCA licensed and regulated
-
You can use a WebMoney VISA to deposit, or the e-wallet
-
There is always a 0.8% fee (up to €50) charged
-
WebMoney deposits/withdrawals are not the fastest
-
Not suitable for North American and Asian players
WebMoney Casino Bonuses
WebMoney is not the kind of online casino payment option which is regularly associated with online casino bonuses. However, this does not mean that you cannot claim offers and deals when playing at WebMoney gambling sites. In fact, you should qualify for the same array of bonuses and promotions as players using other methods to fund their gambling site accounts.
In short, you should be able to claim welcome bonuses when you top up your balance using this method. Moreover, you should also be eligible to receive any re-deposit bonuses, monthly specials, free spins, no deposit bonuses, loyalty rewards and VIP deals that a casino must provide, as well as engage in tournaments and competitions featuring your favourite online casino games.
You will always need to pay attention to any wagering requirements attached to these offers and closely examine the other terms and conditions. These can include online casino game eligibility rules, expiration dates, the use of bonus codes, minimum deposit limits, maximum win caps and more. Ultimately, whether a casino has a fair bonus or not has little to do with WebMoney, but it is worth checking them out all the same.
WebMoney Casino Games
WebMoney can process considerable sums of cash. The minimum deposit limits tend to be around €20, while the upper ones are a lot higher. This does not make WebMoney tailor-made for either low rollers or high rollers. Instead, it is suitable for both types of casino gameplay.
This is a online casino payment method that frequently appears at European and Russian-facing casinos, so you can generally find a good mixture of online casino games supported. Amongst the types of games that you could expect to see at WebMoney casinos are…
- Slots. Progressive jackpot slots are often included, as are MegaWays games, classic slots and fruit machines, and no shortage of video slots.
- Table games. RNG table games found at WebMoney gambling sites include baccarat, blackjack, craps, table poker, roulette, dice games and more.
- Live Dealer Games. Many of today’s live dealer casino studios are located in Eastern Europe, so it is no surprise that these live-streamed online casino games often make an appearance at these gambling sites, too.
- Sports Betting.A good number of WebMoney gambling sites also offer sports betting options. This can make for a welcome reprieve from casino gaming if you fancy something different.
FAQS
Players may still have a question or two about WebMoney, and that is understandable. To help you get the answers you need, we have put together this brief FAQ (frequently asked questions) guide. Hopefully, it helps…
