Author: Kayleigh Williams, Fact Checked by Charlotte Fitzgerald,
Webmoney is an all-in-one online payment solution that is not only useful for sending and receiving money. In addition to creating an environment where clients can link and manage their finances, WebMoney also eases casino banking for gamblers in Canada. Read my review to learn more about WebMoney and find the best WebMoney casino sites in 2024.
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- ❔What Is WebMoney?
- 📑 WebMoney Account
- 💳 WebMoney Deposits
- 💵 WebMoney Withdrawal
- 👍👎 Pros and Cons
- 🏦 How We Rank
- 🆓 Is WebMoney Free to Use?
- 🔐 Safety
- 📲 Mobile App
- 🏦 Payment Providers
- ️⚖️ Conclusion
- ❓ FAQs
WebMoney is an excellent online casino banking method. However, I have yet to find WebMoney casino sites online that I can vouch for. The banking method is yet to pick up speed amongst online casinos in Canada like other banking methods such as PayPal and Apple Pay. Regardless, WebMoney casino gambling sites are a good option for players who want to benefit from:
- ✅ Mobile compatibility
- ✅ Safety and security
- ✅ Fast transactions
❔What Is WebMoney?
WebMoney is a global online payment settlement platform. It originated in Russia, but it has since spread throughout the world. As of early 2020, the firm reported that 45 million accounts were registered, that 300,000 users were active each week, and that 100,000 stores were accepting payments through the payment service, making it one of the top electronic payment processors in Russia by volume of users. To put it simply, WebMoney is an e-wallet comparable to PayPal and Skrill. Currently, the system provides numerous options to its clients, functioning as a payment method with a pay-in and pay-out option. To use WebMoney, you need to connect a card or your bank account to your WebMoney wallet.
📑 How to Open an Account at WebMoney?
Setting up my WebMoney account was simple. It just took a few minutes to create my WebMoney account, and I was ready to begin conducting transactions. To get started, I've put together a guide to help you create your WebMoney account. Follow the instructions listed below.
- Visit the WebMoney site and click ‘Sign Up', then enter your phone number.
- Next, you will need to take a selfie. The selfie is used to guarantee the safety of your transactions through FACE control.
- After taking a selfie, you will then need to confirm your phone number. Enter the confirmation code sent to you via SMS and then click on ‘Continue’. If you don’t receive a confirmation code, check that you entered your phone number correctly.
- After entering the confirmation code, the system checks to ensure that there have been no other registrations associated with the number. If everything checks out, you will be redirected to the last and final step.
- Create a password for your wallet. Ensure that you use upper- and lower-case letters, as well as special characters. After creating your password, your wallet is ready to go!
💳 How to Deposit to Online Casinos Using WebMoney
WebMoney’s deposit solutions are easy and straight to the point. The process was by far one of the easiest I have had to undergo online. It only took a few minutes and a few short steps to fund my casino account. Here is how I did it:
- Log into the WebMoney casino site of your choice.
- Click on the cashier or deposit button.
- Select Deposit and choose WebMoney.
- Enter deposit amount.
- Confirm payment by entering the keeper PIN.
💵 How to Withdraw from Online Casinos Using WebMoney
Can you withdraw money from WebMoney casino sites? One of the highlights of using WebMoney is that I was able to withdraw just as quickly as I was able to deposit at the casino. The process was also very easy, only taking a few minutes to complete. Follow these steps to withdraw from your casino account using WebMoney:
- Go to your WebMoney casino site login page and sign in.
- Click on the cashier page.
- Select Withdrawal, and WebMoney should be the default setting.
- Enter the withdrawal amount.
- Confirm payment by entering the account password.
👍👎 Advantages and Disadvantages of WebMoney Casino payment method
Before you gamble at WebMoney casino sites for real money, it is important to consider these pros and cons:
| Advantages of WebMoney | Disadvantages of WebMoney |
|---|---|
| ✅ Safe and secure | ❌ Levies transaction charges |
| ✅ Transactions are quick | |
| ✅ Accepts Canadian dollars | |
| ✅ Supports deposits and withdrawals | |
| ✅ Mobile app available |
🏦 How we Rank WebMoney Casinos
There are various online casino banking choices, so I am always looking for the safest one. To find the best online casinos that accept WebMoney, I’ve set criteria for analyzing the critical components of each site. This also applies to casinos that accept these banking methods. Is the service quick? Is this safe? Do the websites that accept this payment option provide bonuses and high-quality games? Here are some of the top three characteristics that I consider:
- Safety & Security
- Speed of Payment
- Casino games
When deciding if a WebMoney casino gambling site is worth the buzz or my recommendation, I first look at the safety and security precautions that casinos and financial services have in place to protect their clients. I analyze how the site handles its players' personal and financial information, as well as their funds. I seek casinos that use encryption, firewalls, and anti-fraud methods, as well as those that follow applicable legislation and standards. Banking services must also be regulated to ensure high levels of security.
Secondly, I check how each platform handles WebMoney casino site payments, i.e., deposits and withdrawals. I would like to ensure that I can make an instant deposit and that the site permits me to withdraw without difficulty or delay. Withdrawals are rarely lightning-fast; however, I would prefer that the transaction be completed within 1-2 days, which is the normal timeframe for most payment methods. New players should also be eligible to claim a WebMoney casino sign-up bonus when they make an initial payment.
Finally, what WebMoney casino site games can I play? I go to casinos to be entertained, so the WebMoney casino sites in Canada I recommend must include a wide range of games, from slots to table and live dealer games. You must have access to games with a variety of styles, themes, and features that will provide an exhilarating experience. I keep an eye out for top hits like Big Bonanza, Book of Dead, and Gates of Olympus from leading software companies such as Pragmatic Play, Play'n Go, and Playtech.
🆓 Is WebMoney Free to Use?
Casinos that accept WebMoney hardly charge transaction fees. However, transactions between purses of the same kind and belonging to the same WMID are fee-free with WebMoney Transfer. For the client's software to use WebMoney Keeper, there is no fee. Unless otherwise specified, WebMoney automatically charges a fee for each transaction that is equal to 0.8% of the volume of title units, but not less than 0.01 WM.
🔐 Is WebMoney Safe and Secure?
Given that WebMoney has been operating for more than 20 years, the financial service is dependable and secure. The EEA in Europe and the FCA in Canada have both approved the service. The secure use of WebMoney Transfer is the focus of the WebMoney Security (WebMoney Security) service. By adhering to the advice and services provided on the website, I was able to protect my electronic purses from various types of unapproved, malevolent, and other intrusions.
📲 WebMoney Casino Mobile App
WebMoney is a great provider of mobile services. There are mobile apps available on the Apple App Store and Google Play Stores. As an alternative, you can download the files from the same page and install the software on their Windows or OS X machines. Although I found using WebMoney casino sites apps to deposit and withdraw money to be rather simple, there are additional advantages and disadvantages to consider.
| Advantages of WebMoney | Disadvantages of WebMoney |
|---|---|
| ✅ Safe and secure | ❌ Transactions fees may apply |
| ✅ Fast transactions | |
| ✅ Accepts Canadian dollar | |
| ✅ Supports deposits and withdrawals | |
| ✅ Mobile and user-friendly |
🏦 Alternative Payment Providers
One of the major disadvantages of using WebMoney is that they charge up to a 0.8% withdrawal fee. While the service provider made this an open expense rather than a hidden cost, which is commendable, I believe you would prefer a free service. In that case, below are some alternative casino payment options to WebMoney.
| Alternative Banking Method | Features |
|---|---|
| PayPal | Decentralized payment system Supports deposits and withdrawals Fast transactions. |
| Skrill | Very widely accepted Supports deposits and withdrawals No transactional fees. |
| Interac | Mobile compatible Psuedo-anonymous banking solution Secure with biometric logins. |
⚖️️ Our verdict on WebMoney Casino payment method
Even though there are no top webmoney casino sites, Webmoney is generally a reliable enough choice for Canadians to use as a payment method. This method of payment is very secure and easy to use. Like many e-wallets, its purpose is to keep money and enable speedier currency transfers from wallet to casino rather than from bank to casino or vice versa. It is likely to be appealing to many Canadians because it is so quick and easy to use. However, there are a few major drawbacks to using Webmoney as a payment method at casinos, like the 0.8% fee on some deposits. Using a different banking method might be more advantageous for certain players.
❓ Frequently Asked Questions about WebMoney Casinos
What is WebMoney?
WebMoney is an online payment system that allows players to make deposits and withdrawals at online casinos. The payment service is safe, secure, and faster.
Can I use WebMoney at online casinos?
Yes, you can use WebMoney at online casinos that process transactions using the service. Ensure that you can use this banking option before you sign up at the casino.
How long do casino transactions take when using WebMoney?
Deposits via WebMoney are instant, but it may take up to 3 working days for you to receive your payouts.
Is WebMoney secure to use when gambling online?
Yes, it is secure to use WebMoney when gambling.
Are there any fees for using WebMoney at online casinos?
Unless otherwise specified, WebMoney automatically charges a fee for each transaction that is equal to 0.8% of the volume of title units, but not less than 0.01 WM.
Kayleigh reviews online casinos and sportsbooks while coordinating training initiatives for new recruits at Casimoose.ca. She excels at sharing her love for the iGaming industry and puts her past experience to good use. With a background working for the biggest gambling brands online and a strong analytical ability, Kayleigh developed a natural gift in breaking down each component of online casinos, betting sites as well as their offerings and hasn't looked back. Outside of Casimoose, she's a proud Ontarian with a love of sports and entertainment.