WebMoney started in Russia in 1998 as a safe and straightforward online payment method. Since then, it has expanded throughout the world, as more and more people are seeing its benefits. WebMoney has upwards of 28 million active users, many of whom are Canadians.
If you live in Canada and you’d like to use WebMoney as a betting payment option, check out our review below to learn more about it.
If you are unaccustomed to online payment methods, WebMoney might seem confusing to you at first. However, it is a very versatile and useful payment system. The best way to explain it to those unfamiliar with it is to compare it to PayPal, as it is basically a Russian eWallet.
WebMoney can be used to make deposits on betting sites, make purchases online, receive payments, and send money to friends. It accepts customers from more than 90 countries, including Canada. However, it is not available in the US.
If you choose WebMoney as a preferred payment method on betting sites in Canada, you will be able to enjoy a lot of advantages.
First of all, WebMoney provides an easy and quick way to make both deposits and withdrawals almost anywhere in the world. It also supports a variety of transaction methods, such as in-person cash exchanges and bank transfers.
To use WebMoney, you do not need a bank account. Therefore, you can enjoy a greater level of privacy and security, which is crucial for people who want to use it for online betting.
To make a successful deposit on any betting site in Canada, follow the easy steps below.
In order to withdraw money to your WebMoney account, you need to follow the steps below.
WebMoney is a very popular payment option among bettors in Canada because of its numerous advantages. Therefore, a lot of Canadian online betting sites support this payment method since it helps them attract new players. You can use it to deposit or withdraw money when betting online and enjoy multiple perks.
One of the main disadvantages of using WebMoney are fees. Even though most online betting sites do not charge any additional fees to WebMoney users, the company itself charges a commission for transactions. The size of the fee depends on the method used for depositing, so it can be higher or lower. However, fees are usually necessary when using any eWallet out there.
Another drawback is coverage. Even though WebMoney is available in more than 90 countries and supported by many betting sites, it is still not nearly as popular as PayPal, Neteller, Skrill, etc.
Since WebMoney is operated from Russia, users residing in this country can reach the support team via Russian phone number. Users from Canada and elsewhere around the world can send the customer support team an email and wait for the response. According to the majority of online reviews, the response time is minimal, which means that you will get an answer pretty quickly.
How long does it take to receive money using WebMoney?
WebMoney withdrawals are usually processed within 72 hours.
Does it cost more money if I make a large deposit?
The fees are calculated in percentage, so large deposits also mean large fees.
Can I use WebMoney outside of Canada?
Yes, you can use WebMoney in more than 90 countries around the world.
Who benefits most from using WebMoney?
Bettors who live in Russia and surrounding countries benefit the most from using WebMoney.
Which banks is WebMoney available through?
WebMoney is not issued by banks. It is an eWallet which can be obtained on the official website.
Do I have to open an account with WebMoney to use their services?
Yes, you need to register on the official website in order to create an account.
Are transactions via WebMoney protected?
Absolutely. WebMoney is one of the safest online payment methods. It uses powerful firewalls and SSL encryption.
Can I reverse a transaction using WebMoney?
No, WebMoney transactions cannot be reversed or cancelled.