WebMoney is a Russian company that belongs to WM Transfer Ltd. and was established in 1998. An online payment method that operates in over 40 countries and has almost 40 million users. The headquarters of the company is in Moscow, but it also has offices in Belize. Even though its main focus is on CIS countries, it has rapidly grown all over the world.
WebMoney betting sites allow easy and safe transactions in 7 currencies and at the same time, bettors can obtain a WebMoney card that can be used in multiple ways. Players have many options to fund their accounts and depositing through cryptocurrencies, like Bitcoin and Bitcoin Cash, is a big advantage. Allowing player-to-player transfers is another significant feature. In addition, low fees and welcome bonus eligibility on many bookies are some other notable benefits. In the following sections, you will be able to take a closer look into every aspect of gambling with WebMoney, such as:
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- An up-to-date (2023) list of WebMoney betting sites
- A detailed guide about how to use WebMoney
- All the pros and cons
Best WebMoney Bookmakers (2023)
Among the numerous WebMoney bookmakers, we have selected the top-rated ones. The following betting sites offer players fast withdrawals and low fees. Go ahead and try them out to make the most of your betting activity.
Why should you bet on a WebMoney bookmaker
Betting with WebMoney provides many benefits that any player would consider noteworthy. The most significant perks are the following:
✔ Instant transactions: All transfers proceed quickly and safely. The possibility of rejection for a transaction is close to zero. The fact that deposits on betting sites that accept WebMoney are almost instantly is an important fact for players who prefer live betting.
✔ Safe and Secure: Betting with WebMoney is safe since it is operated by WM Transfer Ltd, which holds a banking license and the international legal firm is UAB “DEED BALTIC.”
✔ Under-the-radar activity: Player’s betting activity could be totally hidden from the local authorities when you deposit or withdraw money to WebMoney bookmakers.
✔ Many payment options to fund your account: It is a crucial fact that gives gamblers many ways to fund their account. WebMoney deposit options are Mastercard, Visa, Bank transfer, cryptocurrencies and other local payment methods depending on the region that a player lives.
✔ WebMoney plastic or virtual card: WebMoney offers a plastic card or a virtual card if you have an account. You can gamble with your card to your WebMoney bookmakers and choose your card provider like Mastercard, Visa, Maestro or UnionPay.
✔ Player to player transfers: Although you cannot send money to another wallet like Skrill or Neteller when two gamblers have a WebMoney account, it is possible to send money to another player.
Drawbacks of gambling with WebMoney
Betting with WebMoney also comes with some downsides like any other payment method. For example, fees on deposits and low acceptances by bookmakers can make it unattractive to some bettors.
❌ Fees when depositing to your account: It is a downside that there is a fee when you fund your account. It could be only 0.8%, but it is applied to every deposit.
❌ Not widely accepted by bookmakers: Although WebMoney could be considered a fast-growing payment method, many betting sites don’t accept it.
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❌ Available only in 7 currencies: For the time being, WebMoney has a specific number of currencies. Although the company is expanding at the moment, probably more will be available soon.
❌ Supports limited languages: WebMoney currently operates in over 92 countries, but it is available only in 11 languages. Among them are English, Russian and German.
❌ WebMoney card expires in 12 months: You can get a plastic or a virtual card to use your funds to sportsbooks that accept WebMoney. However, the card expires after 12 months and you have to pay again ($12 fee) to obtain a new one.
❌ Customer Support focused on Russian market: WebMoney operates in many countries but it is still focused on Russian market. The live support could be slow if a player is not a Russian speaker and is not available 24/7.
Is gambling with WebMoney legal and safe?
There is no legal issue when you fund your betting account through WebMoney. As a payment that operates in many countries, with different and sometimes strict legislation, it is legal to use it when gambling since it holds an international banking license. On top of that, if you’re asking yourself, “Is WebMoney trustworthy?”; you should keep in mind that SSL encryption and SMS verification on your registered phone number when you proceed with a transaction ensure that your funds are safe.
How to Bet with WebMoney
You may be wondering about how to use WebMoney. The procedure to make a WebMoney account is pretty simple if you follow the next steps:
- Visit https://www.wmtransfer.com
- Select the sign-up button
- Provide your phone number and choose your country
- Complete the OTP code that you will receive on your registered phone
- Choose your user name and your new password
- Provide your personal information like name, address, email
- Choose your currency
- Receive an email with your confirmation code
- Enter it on the registration page and your account is ready
Depending on your region, you have plenty of payment options to fund your WebMoney account like credit cards, internet banking, prepaid vouchers or cash-in terminals.
How to deposit with WebMoney
How to pay with WebMoney is really quick and easy. It will not take a lot of time since the procedure is straightforward and effortless:
- Log in to your desirable bookmaker account
- Go to the deposit page and choose WebMoney as your payment method
- Enter the amount you would want to deposit
- You will be redirected to your WebMoney account to complete the payment
After that, you have to complete the PIN you will receive through SMS on your phone number. The amount will be available to your WebMoney betting sites almost immediately.
Can I withdraw on WebMoney betting sites
Regarding your payout, the procedure is once again easy to follow and may take up to 48 hours, depending on your bookie. Gambling with WebMoney allows you easy withdrawals in a few steps. However, you should have made a deposit first using the same method. So, all you have to do is:
- Visit your WebMoney bookmakers
- Go to withdraw option and choose WebMoney
- Select the amount you want to withdraw
The transaction has been processed. The amount will be available on your account. WebMoney withdrawal methods are also too many like the deposit methods and we will provide more information about fees in the following section.
Supported and restricted Countries
Even though WebMoney is a Russian company focused on the CSI market, it currently operates in over 90 countries. The United Kingdom, the United States and all countries that belong to the EEA (European Economic Area) are included.
On the other hand, it offers limited or no services to the following countries: Afghanistan, Albania, Algeria, American Samoa, Anguilla, Antigua and Barbuda, Bahamas, Barbados, Belize, Benin, Botswana, Bouvet Island, British Virgin Islands, Burkina Faso, Cambodia, Cayman Islands, Central African Republic, China, Christmas Island, Cocos (Keeling) Islands, Cook Islands, Côte d’Ivoire, Crimea, Cuba, Dominica, Dominican Republic, Ghana, Grenada, Guam, Guyana, Haiti, Iran, Iraq, Jamaica, Laos, Libya, Maldives, Mali, Marshall Islands, Mauritania, Mauritius, Mongolia, Morocco, Mozambique, Myanmar, Nicaragua, Niger, Nigeria, North Korea, Northern Mariana Islands, Pakistan, Panama, Puerto Rico, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Sao Tome and Principe, Senegal, Sierra Leone, Solomon Islands, Somalia, South Sudan, Sudan, Suriname, Swaziland, Syria, Trinidad and Tobago, U.S. Virgin Islands, Uganda, Ukraine, United States Minor Outlying Islands, Vanuatu, Venezuela, Western Sahara, Yemen and Zimbabwe.
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When we are talking about the United States, we need to consider that the legislation about gambling is stringent and depends on the local law of any state. May a bookmaker accept gambling with WebMoney in a state and may doesn’t in another.
Fees and limits
As we have already mentioned, WebMoney deposit fees are 0.8% and apply anytime you deposit to your WebMoney account. At the same time, WebMoney fees exist when you send money to your credit card or your bank account. Specific fees also depend on the region of the players and the currency that they are using.
USD & EURO: Bank card up to 2%, Bank wire up to 1.5%, WebMoney card up to 2%, Money transfer (Unistream) up to 3.5%, Electronic money 0%, Exchanges offices (if available to your region) up to 1%, M-Pesa up to 2%.
RUB: Bank card up to 2.5%, Faster Payments System up to 1.2%, Sberbank accounts up to 1.2%, Bank wire up to 1.8%, Virtual WebMoney card up to 1.2%, Postal remittance up to 2%, Qiwi (fees depends on your region).
BYN: Bank card up to 3.5%, Bank wire up to 3.5%, Electronic money 0%, Cash at a bank branch 3%, Stock exchanges (if available to your region) 0%, Exchange offices (if available to your region) up to 1%.
WebMoney compared to other methods
Even though WebMoney is a fast-growing payment method and a good choice for bettors, it is not yet widely accepted by bookmakers. For this reason, it is good to have a look at alternative payment options.
WebMoney vs Wallets
Wallets like Neteller and Skrill are really popular payment methods when you are gambling online. A significant advantage of them is that you can proceed with fast and easy transactions under the government’s radar. Most of the time, the fees of your transfers are low. Even though most bookies accept transactions via wallets, you are not always eligible for a welcome bonus. On the other hand, most WebMoney betting sites offer it. The best choice when you want to deposit through a wallet, are Skrill bookies and Neteller betting sites.
WebMoney vs Paysafe
Paysafe is the most famous way to bet online. Founded in 2000 and with almost universal acceptance and zero fees, Paysafe bookmakers are a great choice for any gambler. Offering many currencies, excellent security features and an easy-to-use free mobile app are some of the biggest advantages. On the other hand, excluding from welcome offers and fees on your balance after 7t month to keep your account active could be considered shortfalls.
Final word on WebMoney by Book Spy
WebMoney is a fast-growing online payment method to deposit and withdraw money on any bookmaker. Sportsbooks that accept WebMoney allow players an under-the-radar betting activity, easy and quick transactions, and eligibility for a welcome bonus on most bookies.
Still, WebMoney lacks widespread acceptance in bookies since, in the past, it was focused on the Russian market. Moreover, customer support could be really slow if a player is not a Russian speaker. 0.8% fees when deposit on your account is another downside.
To sum up, WebMoney betting sites are a fair option for gamblers coming from Russia and Eastern Europe. The payment offers many ways to fund your account and withdraw your money. A plastic or virtual card and player-to-player transfers make WebMoney an attractive choice. However, limited availability to bookmakers and high transaction fees are some major drawbacks; so, I would instead recommend other wallets, such as Skrill or Neteller, to make the most of your betting activity.
Complete list of WebMoney bookmakers
Pick your desirable betting site from the list below and make the most of your WebMoney deposit.
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