Today the market of electronic payment systems has reached extraordinary heights of its development. The volume of funds transferred via the Internet is simply amazing: we are talking about billions of dollars. Who would have thought that in today's world it would be so easy to pay without leaving home?
Despite the fact that some electronic payment systems continue to emerge in the industry, there are several "titans" who have an incredibly huge customer base and essentially monopolize the market, because they have the unbreakable (seemingly) support of the majority of network users. We will refer to one of these "giants" of e-commerce in today's review. We are talking about the Webmoney payment system. Feedback on this site, instructions on how to open your account, guides on depositing and withdrawing funds from the system will be presented in this article. So, if you have not had experience with this system, you will probably be interested in this note.
About the system
First weLet us characterize the system in general terms. According to official information, the company in question was founded back in 1998. Then Webmoney-money was not yet as popular as it is today. Detailed information about how exactly it all began and who ultimately stands behind this whole organization is nowhere to be found. We only know the name Webmoney Transfer ltd - this is a legal entity that manages the payment system.
Of course, the popularity of such a means of payment grew gradually, increasing due to new users. In 2015, according to official statistics, more than 30 million accounts were registered in the system. Most of their owners conducted several transactions, which led to a total turnover of $ 17 billion. The numbers are truly staggering, given that this is a private organization whose history remains in the shadows.
Throughout its history, the system has experienced various threats and attacks from official government bodies and special services. The reason for this is obvious - through Webmoney there is a huge flow of uncontrolled funds that are not taxed and at the same time can be used to finance various crimes, terrorism, and so on. The last such “arrival” was experienced by the bank of the payment system that conducts transactions - “Conservative Commercial Bank”. In March 2016, inspections began here. Such "promotions" from the state for "WebMoney" are not something new.
Benefits
Be that as it may, but describing the systemWebmoney user reviews mention a lot of its positive qualities. Indeed, if the system did not suit users with something, they would simply refuse to use it, preferring another EPS. However, as we can see, this organization continues to be the market leader, despite the fact that other “giants”, such as Yandex. Money, have been here for a long time. Another serious competitor to Webmoney is Qiwi. However, both mentioned alternative systems have their own niche, due to which they win customers.
WebMoney has its own category of users. And they know that the main advantages of EPS are speed (transfers are carried out instantly), security (there are a lot of tools to avoid losing money), the ability to easily pay off any counterparty, a lot of auxiliary services (exchange exchange, lending exchange, and so on). All this removes any barriers between users, opening up a whole online currency market for them.
Popularity
Another plus is that, as the reviews describing Webmoney show, the system is incredibly popular. Consequently, a lot of people are ready to pay using WebMoney. If you want to purchase a product, the seller may not accept Yandex. Money or Qiwi, but all online stores, services and services work with WebMoney. This simplifies calculations within the system.
The same goes for depositing or withdrawing funds. We will discuss this in more detail in the followingsections, but for now, we note that each participant can easily withdraw Webmoney to any direction convenient for him, including cash. Now there are many services on the Internet that carry out such operations.
Versatility
Another important point is multicurrency. The payment system has 10 types of wallets, each of which is the equivalent of a currency or debt. For example, WMZ is the equivalent of dollars, WMR is rubles, WMX is bitcoins, and so on. Due to this, there is a certain universality in the calculations. A resident of Kazakhstan can easily accept rubles, so that later they can quickly exchange them for their national currency. And there are no problems with the exchange within the payment system. Users can easily convert one of the currencies to another by making their own choice.
Register
Work in the system, as you might guess, begins only after creating an account. This is done quite simply, although over time the rules by which you can create a Webmoney wallet have become somewhat tougher. A few years ago, it was possible to create several accounts in the system without any problems, without making any confirmations and documents. Today is completely different.
The ability to own different accounts has been preserved, and you can use the services of the service almost immediately. However, the system of different certificates (we will also talk about them a little later) is created in such a way that creating a Webmoney wallet is not enough for full-fledged work. You must send a scanned version of your passport in order to verify your identity. There is nothing terrible in this, just another formality. Do not worry that your personal data will become known to someone.
After registration (and this procedure is a banal filling of various fields with information about yourself, nothing new) you get a Webmoney identifier number (WMID). This is your account, within which you can create as many different wallets in one currency or another. It is important to note that the number of each of them is unique and serves to receive funds.
Manage wallets
For the convenience of the user, the system provides different modes of money management. There are three of them: Mini, Classic and Light. Each has specific features.
“Mini” is the easiest way to manage your money as it works with your browser. A “personal account” is created for the user on the mini.webmoney.ru website, where all settings, statements, tools for sending and receiving money, etc. are available to him.
Classic (Keeper WinPro) - is to work with the payment system through a program that is installed on the user's PC. Here, the owner of the Webmoney identifier enjoys higher security standards (after all, his data is protected using keys - files stored in encrypted form on the user's computer).
Light is a cross between the two options above, as it assumes the same functionality asavailable in WinPro, but without the need to install software on your computer.
The participant can independently choose a platform and, if necessary, switch from one version to another.
Attestation
There are different “degrees” of Webmoney accounts. Registration, for example, makes it possible to obtain a record of the very first level - a pseudonym certificate. You can do small calculations with it and, in principle, get acquainted with the system. The next in the hierarchy is a formal passport, needed for more active participants. To obtain it, it is necessary, as mentioned above, to upload copies of documents. It opens the way to the system's financial services.
In Webmoney, registration of the next (most important) status is paid and after a direct visit to the certification center live. Such a center may also operate in your city, or it may be a private person-personalizer.
Higher passport - personal. It is needed to accept larger payments than in the case of formal payments and can serve as a basis for greater confidence in the person.
There are more serious certificates for online business, but they are issued to owners of large Internet services, some financial institutions and more serious users involved in Internet commerce.
Restrictions
As in any other financial service, the WebMoney payment system has certain limits that allow you to control the user's activities and conduct some kind of regulatory policy within the service. These restrictions are primarily related to the confirmation of account data, with the amount of information that the user provides about himself.
For example, if a mobile phone was not attached to the record, the withdrawal of Webmoney (for holders of a pseudonym and formal passport) is limited to 5 thousand rubles per day. If the account holder links a phone number, this limit will increase to 15 thousand. The same rule applies to other currencies (in the corresponding equivalent, except for Belarusian rubles).
A user with a formal passport has the right to make transactions in the amount of up to 15 thousand rubles without confirming the number, while indicating the phone number removes the limit and sets it at 300 thousand.
Those who work with a personal passport, without confirmation, also have a limit of 15 thousand, and with such a limit is set to the level of 3 million rubles per transaction.
Fares
As you know, each EPS takes a commission from each user for transactions. The same applies, for example, to banking institutions. In this sense, the Webmoney commission is no exception. The user is withheld an amount of 0.8% of each transaction.
Thus, the commission cannot be less than 1 cent and more than 50 dollars (equivalent to other currencies). If you are transferring funds between two wallets of the same type within your ID, there is no commission at all. And, in the same way, ifmoney is transferred from one wallet within a single passport to another (and the type of passport is not lower than the formal one), then there are no additional charges for servicing.
Replenishment
We have already talked a lot about how the payment system works, how to use it, where to start and what you need to pay attention to. One question remained unanswered. How are funds credited? If, for example, you opened your account, all your wallets are initially empty. How to replenish Webmoney so that the money goes to the wallet you need? What needs to be done to deposit funds into the system?
It must be said that there are several ways to replenish, for each currency they differ from each other. For example, a euro-purse can be replenished through NETTO terminals in Moldova, TelCell - in Armenia and using a WME-card. Rubles will be credited to your account if you transfer them, respectively, from Russian terminals or a WMR card. The same goes for any other currency. One of the most common ways to deposit funds is through payment terminals in the country where this or that currency is in circulation.
In addition, for all types of wallets in the system, a bank transfer to Webmoney is relevant. In order to use it, you need to specify the details correctly (you can find them on the company's website), after which, within a couple of banking days, the funds will be credited to your wallet.
Terminals and banks are suitable for those who want to deposit money in cash and receive it electronically.
For those who have anotherelectronic currency, there are exchangers. There are a lot of them, so we recommend using monitoring services, which will show where the most profitable rate is and how to replenish Webmoney using the best of them.
Conclusion
The logic used in the case of deposits also applies to withdrawals. You can receive funds from your WM wallet to an account in another EPS, you can withdraw them to a card, receive them in cash, or, say, transfer them to pay for some service (top up your phone, Internet).
Reviews
Given the simply huge popularity of this service, it is not surprising that there are a lot of responses on the network regarding the activities of Webmoney. The reviews (at least most of them) are written in a decidedly positive light for the system itself. People praise the way WebMoney works, they are satisfied with the service, they are glad to have such a convenient payment tool at hand. There is nothing new in this: in fact, the reviews only confirm the high popularity of this e-commerce tool.
From the negative reviews, we learn about some inconveniences associated with the requirements to increase the certificate, indicate your personal data or with a limit on operations. This is normal: people are unhappy that they are forced to switch to another passport, that the system does not allow you to transfer the required amount of money through wallets. Advice to such users: you need to find out in advance information about how the EPS is arranged and what basic rules apply here. After all, it is clear that Webmoney has its own policy, which they adhere to.
Conclusions
In general, to blame how it functionssystem is not worth it. “WebMoney” has repeatedly saved a huge number of people, allowing them to make a quick exchange back in those days when commerce did not seem as open and accessible as it is today. Therefore, the creators of the service should be thanked separately for this.
Let's hope that all the restrictions associated with ongoing checks in the system will be eliminated, and the control bodies will lag behind the organization and let them work normally to provide us, ordinary users, with the highest possible service.
