When it comes to the most reliable payment options for casinos, WebMoney is often included in the list. Designed just like the other e-wallet options in the market, WebMoney provides customers and casino players with a streamlined and convenient way of sending money and paying for casino services online. Once you sign up for an account with this payment platform, you can easily manage your funds online, resolve disputes when it comes, and complete all online financial transactions in a secure manner.
- 1 Highly Secure Online Payment Arrangement
- 2 Withdrawing Your Funds from an Online Casino Using WebMoney
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Since its start in 1998, the company managed to provide the market with a convenient way of paying for products and services online including casino payments. In this review, we take a look at how WebMoney works and the advantages of using this payment platform.
Highly Secure Online Payment Arrangement
One way to understand what is Web Money is to focus on how the funds are managed and secured online. Under its program, the funds of all users and members of the company are stored in the ‘purse’ which secures the electronic money that’s associated with a specific type of asset like a currency. The assets are managed by a network of companies around the world which act as the guarantors for all payments. These guarantors are expected to receive the deposits in a specified asset category and they will then release the corresponding WebMoney units. Its main advantage over other platforms is its focus on security. In exchange for this, WebMoney charges a 0.80% fee on all transactions made on the platform.
Using WebMoney for Online Casino Payments
WebMoney is one of the leading payment options accepted by top casinos that accept players from the Philippines. To take advantage of the services of this facility, it’s important that you first create an account with the website. Listed below are the general steps that you should take if you want to create a WebMoney account.
- Visit the website and click ‘Sign up’
- Choose your country of residence (Philippines) and provide your mobile number
- Verify your mobile phone by submitting the Confirmation Code sent to you
- Create your password for the account
- Select a currency that you want to use for your purse
Some of the popular currencies that you can use in your WebMoney account are Russian Rubles, Euro, and American Dollars to name just a few.
Funding Your Account
Before you can fully use your Web Money account, you need first to fund your account. With Web Money, you are given different options on how to top up the account. The manner in topping up the account will depend on the kind of wallet that you select. In WebMoney Philippines, you have the option to choose a wallet type that will meet your needs.
In general, the most popular ways to fund your account are bank transfer, payment terminals or ATMs, internet banking, and bank wire transfers. When it comes to the withdrawal of your funds from your WebMoney account, the common payment options available are bank account, bank card, and by dealers or exchange points.
Funding Your Casino Account Using WebMoney
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Once your WebMoney account has been funded, then using it in your preferred online casino becomes easier. To fund your casino account, simply choose Web Money from the drop-down menu of the casino. This is normally categorized under e-wallet together with PayPal, Neteller, and Skrill. Once you have confirmed your selection, indicate the amount that you want to send and confirm the payment. In most cases, the deposits will be reflected instantly. Although some casinos will not impose fees on deposits, WebMoney will charge all transactions. As of the last update, WebMoney imposes a 0.8% charge for all transactions made on the system.
Withdrawing Your Funds from an Online Casino Using WebMoney
Withdrawing your funds using WebMoney also requires a few simple steps. If you are ready to withdraw, simply visit the Cashier/Banking section and select WebMoney from the options provided. Indicate the amount that you want to withdraw and approve the request. Again, certain conditions are in place when it comes to making a withdrawal using Web Money. For example, you may be charged with certain fees and the processing times may vary. We highly recommend that you check with the casino first before you attempt to withdraw funds using your Web Money account.
Advantages of Using WebMoney as a Preferred Payment Option
As one of the leading payment options available online, the use of WebMoney Philippines offers customers a number of benefits including:
- Offers a number of ways on how to fund the account
- Secure and private transactions at all times
- Available to players from a number of countries
- Easy to create an account
Disadvantages of Using WebMoney for Online Payments
There are also a number of issues and limitations associated with the use of WebMoney including:
- Fees for all transactions made on the platform
- The website is complicated to understand and use
- Some of the services are confusing for many players
WebMoney Casino- Is It Worth Your Time to Play in This Casino
Just like other payment platforms, WebMoney provides you with a number of benefits that can simplify your transactions online. If you can easily navigate your way around the website and you accept the fees and other terms, then consider this option. With a Web Money casino, you are also given the flexibility in topping up the account or withdrawing funds. In your Web Money Ph account, you can fund your account using debit and credit cards or through the use of bank transfer. With withdrawals, you can use the same platforms with an option to send Web Money to PayPal. In short, this payment facility can also help you move your money in a fast, convenient, and secure manner.
If all this work for you, then consider a WebMoney site the next time you play online. You can use our website to learn more about casinos that accept WebMoney as one of its preferred payment options. We review the top online casinos that accept players from the Philippines so you can be sure of safe and secure payments every time.