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Webmoney Betting Sites

Bookmakers Accepting WebmoneyYou’ve made it to my Webmoney betting sites page. Webmoney has been around since the late 1990’s and is an online payment system that allows users to manage all their online payments from one online interface. It works by creating an account with Webmoney, and using various means to “top-up” this account. Funds can then be used to deposit at into any gambling account.

All the best Webmoney friendly bookmakers I recommend are listed in the table in the next section (well the only one I know about is anyway…).

List of Webmoney Bookmakers

Deposits & Withdrawals: Key Info

Bookmaker Min Deposits Withdrawals Fees
888Sport £20 Instant 3-7 days 0%

Webmoney is operated in 38 countries worldwide and accepts multiple currencies. Once your Webmoney account is funded, it’s also quick and easy to send and receive payments, and it’s this that makes the Webmoney service ideal to use for funding your online gambling accounts.

Webmoney is similar to other online payment services such as Moneybookers and PayPal, in that it offers customers a central place where they can store online money, which can then be used at a variety of places on the web. Money can be stored on an online “purse” and can then be used whenever needed. In addition, by using this kind of service there is no need to hand over credit or debit card details to online retailers, making it a safe way to transfer money.

Webmoney specialises in Eastern European currencies, so if you need to work with Russian Roubles for example, then Webmoney could be the service you need.

The Webmoney service is supported by many of the leading bookmakers who are keen to accept funds from many different sources, making it easier for punters to add money to their accounts.

How to Use Webmoney for Gambling Online

Actually using Webmoney is fairly simple. First of all you’re going to need a Webmoney account, and you can get one by going to www.wmtransfer.com.

It’s simply a matter of filling out some information about yourself. Before you start however, Webmoney will need to verify you, and it does that by calling a telephone number you designate. During this telephone call, you are provided with a one-time password that you must change once your account is set up. It’s worth noting that the Webmoney service is set up in Russia, so on some screens you’ll have to change the language to English. There are other languages catered for too, mostly Eastern European, but Spanish is also available.

Once you have an account, you’ll have to arrange to add some funds. There are many ways you can do this. You can supply credit card or debit card details, either one a one-off basis, or your card details can be kept on file for the next time you need to transfer money. You can also transfer money directly from your bank using wire transfer. You may also be able to hand over cash at your bank to fund your account.

Once this is done, you’ll be able to use your account at all Webmoney friendly sites to add funds to your account. Of course, you’ll also be able to withdraw funds back to your Webmoney account when you win, meaning you have an easy and safe way to transfer money back and forth between your bank and the bookmakers.

Webmoney Security Online

SecurityWebmoney is a safe way to transfer money online. The most common ways to top up your Webmoney account is by using an ATM machine or handing money over at your bank, or using an online banking service to wire transfer funds. This is one of the safest ways to handle cash online, as you’re always in control of the money right up to the point where you hand over the cash. After that, the money is safely deposited into your Webmoney purse, ready for use. Once there, you don’t have to hand over any personal details or card numbers when you want to spend money online, as all transactions are handled between the retailer and Webmoney.

If you’re using the Webmoney website to manage your account, you are also protected by the use of online security features such as SSL (secure socket layers). You can check to make sure this is in operation, as a small padlock should appear on your browser next to the website address. This means you are protected against others from viewing your online transactions. All Webmoney betting sites also use SSL protection when it comes to financial transactions.

Webmoney uses a number of other features to guarantee your safety when using their services. One of these is the use of secret key files. These key files are stored on your computer and allow you access to your online purse. Only those with the key files can access the purse, so it’s like having a set of electronic keys that only you can possess. Other features include personal digital certificates and e-Num, which is a challenge-response system that allows users to authenticate themselves on websites.

Webmoney History

Webmoney Transfer was set up in 1998 by WM Transfer Ltd. It was originally set up to cater for Russian clients who wanted an easier way to transfer money online. This is why many of the pages today are in Russian. The system is now used worldwide however, and the company has grown exponentially over the last decade. In fact, the company now boasts over 11 million users.

The company was first set up not in Russia however, but in Belieze, Central America. These days, much of the operations are based out of Russia, and technical support for example is based in Moscow. Despite the Russian connection, Webmoney has a presence around the world with offices in USA, Spain, Japan, Greece, France and the Netherlands.

Fees Associated With Webmoney Deposits

Bookmakers tend not to charge for using Webmoney as a payment source, but Webmoney themselves charges a commission for money transactions.

Typically this is approximately 0.8%, but it depends on the amounts being transferred and the method of payment. Even so, the charges tend to be cheaper than some other services such as PayPal, making this an attractive alternative. So although Webmoney will charge you for using their service betting sites which accept Webmoney will not.

the Cheeky Punter
The Cheeky Punter is an ex professional online sports bettor and trader with over 15 years of experience in the industry. He has worked for a number of top bookmakers including Ladbrokes, William Hill and Coral. He's also written for a number of leading news outlets including the Guardian, i (newspaper) and Soccer Lens. More about him here.