WebMoney as a Payment Method For Online Casinos

Looking for the right payment method for your online casino? There are different options available for you to be able to choose the payment method which you can trust. WebMoney is an online payment service that originated in Russia. In this payment method, the funds of the users are stored in an e-wallet and can then be used for online casino transactions. Just like PayPal, Skrill and Neteller, WebMoney covers transactions like online shopping, peer-to-peer payments, and iGaming deposits and withdrawals.

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One of the common payment methods these days in online casinos is WebMoney. It offers a fast and secure financial service to its clients. With WebMoney added to the list of payment methods, gamblers will have more options to choose from. As such, they will have more reasons to play online gambling games. Since there are different types, it is therefore recommended to use them in different ways. For instance, debit and credit cards for shopping or groceries, bank transfers for bigger monetary transfers, and WebMoney for online casino transactions.


WebMoney was established in 1998 in Russia. It was a money transfer system for US dollars during the 1998 Russian financial crisis that apparently increased the use of US dollars in Russia. In 2015, WebMoney Europe Ltd that is based in Cambridge, United Kingdom was given an FCA license to issue e-money within the EU community.

As the company grows, WebMoney launched the crowdfunding platform, WebMoney Funding in 2015. This is for various projects such as donations, participation in group purchasing, and event planning. In 2019, WebMoney partnered with Sberbank to make instant monetary transfers from Sberbank cards to WebMoney purses. Also in the same year, a new security system was introduced that allows a video identification system for customers so that they may be able to verify their identity remotely.

WebMoney also introduced QR codes for restaurants and shops. Lastly, in 2019, WebMoney Transfer partnered with Burger King Russia and applied the QR code payment system for the customers.

With the growth of WebMoney in the market, it also became popular with the online casino industry. In fact, there are many good reasons why the number of online casino gamblers uses the financial service for their online casino transactions. Many gamblers say positive things about WebMoney. So it is best to look for the right casino and see if WebMoney is on their list of payment methods. Here are some of the reasons why WebMoney is chosen by many online gamblers:

  1. High-security system for fast and secure monetary transactions.
  2. WebMoney can be used for international payments and supports multiple currencies in different countries. This will give the gamblers more options when it comes to depositing and withdrawing.
  3. There are different ways to fund your wallet, including bank and credit/debit cards. As such, gamblers will have a wide range of choices to choose the most convenient option.
  4. Transfer of funds is swift and deposits usually take a few seconds to reflect in their accounts. However, withdrawals may take a little longer depending on the online casino

Deposit/Withdraw – how does it work

Deposit of funds to the WebMoney casino is easy as reciting the alphabet. WebMoney takes convenience seriously such that depositing funds is uncomplicated. You will also be glad to know that we have prepared a simple guide for your to be able to transfer money to your WebMoney online casino account. Here is a simple guide to follow:

  • It is recommended to read the terms and conditions of the online casino first to know the policy regarding making deposits and withdrawals.
  • Log into your online casino account and visit the payments page.
  • Choose WebMoney as your payment method. If you cannot see WebMoney immediately, check the e-wallet category. Most probably, WebMoney is within that category.
  • Click on the logo of WebMoney and log into your account.
  • Enter the preferred amount to deposit and confirm.
  • Finally, check whether the desired amount has been deposited in your online casino account within a few minutes.

Once the deposit has been successfully done, you can now enjoy playing your favorite casino games. As you play, you may have earned some winnings from the games. It is therefore your chance to withdraw your money and enjoy it. To do this, all you need to do is to go to the withdrawal option of your online casino site. Select WebMoney as your withdrawal option. Enter the amount that you wish to withdraw and confirm the withdrawal. Your withdrawal can either be instantaneous or could take up to 10 business days.

It is also recommended to look at the different advantages and disadvantages of WebMoney before finalizing your decision in choosing WebMoney as an online casino payment method. Here are some of the advantages that many online casino gamblers may find beneficial:

  • It has global coverage in which there are 11 currencies available.
  • Security is at its finest as there are three different levels of authentication. This is to ensure the users that their personal and banking information are safe and protected from any fraudulent activity as well as theft.
  • Online gamblers will have the chance to decide which personal data to share with the online casino sites.
  • Financial transactions with the online casino sites are almost instantly. When it comes to deposits, the transfer of money is immediately so that you can start enjoying your favorite online casino games. Withdrawals are completed in a longer period and depends on the processing time of the casino. Although, the waiting period is not that long so you may also have fun and enjoyment with your winning.

Just like any other online casino payment method, WebMoney also has its disadvantages. However, do note that these are not big issues that will affect your gaming experience. For instance, WebMoney charge a fee for every transaction. Though the amount is only minimal and does not have that big impact to your bank account. There is also a limit when it comes to single transaction. This varies to the currency involved. Lastly, WebMoney services are not available to users who are outside Russia and Europe.

With these information about WebMoney, you now have a clearer idea if it answers your needs in terms of being a payment method in online casinos. It is understandable that choosing the right payment option is challenging, but that’s the reality. After all, you are dealing with your money and it is even harder if you encounter bigger problems along the way. With so many online casino payment options to choose from, there is always one that will meet your needs and requirements. WebMoney, is currently one of the best choices especially by players from Russia and Europe.

Is WebMoney safe to use in online casinos?

Yes! The security ensures that every customer is subject to the authentication process upon registration, providing the ID data. In fact, there ae different levels of measures to protect their transactions. This includes SMS, secret code generators, and secret files with personal identifiers to protect maximum security.

Do all online casinos accept WebMoney as a payment method?

There are casinos that accept WebMoney as a payment method. However, not all casinos accept it since it is available to users residing in Russia and Europe.

Are there any fees charged?

WebMoney do charge an additional minimal fee from every transaction made between WebMoney clients.

Are WebMoney Deposits instant?

Yes, all transactions within WebMoney are completely instant.