WebMoney is an e-payment system largely popular in the CIS. It has over 36 million users as of today, and is accepted as a payment system at more than 100,000 stores. Establishments that accept it include South African WebMoney casinos.
The way WebMoney works is exchanging real money to an electronic currency corresponding to the one you made a deposit in. There are e-currencies for USD, EUR, rubles, hryvnias, Belarusian rubles, and Vietnamese dongs. Recently the platform added currencies for Bitcoin, Bitcoin Cash and Litecoin, tapping into the crypto economy. South African Rands, are not represented at WebMoney.
WebMoney casinos accept these currencies, that normally begin with a W, that signifies WebMoney, WMZ or WMR, for instance. They can be exchanged on third party exchanges or at the official WebMoney platform.
You can make payments via an e-wallet, or a prepaid WebMoney credit card. There is no information as to whether WebMoney cards are widely accepted in South Africa, though.
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How To Use WebMoney At Online Casinos
As any other payment system, WebMoney is rather easy to use to pay online. However, the procedure of getting a verified account on the platform to make deposits at WebMoney casinos can be a bit long.
If you are an anonymous user, your possibilities on the platform are going to be significantly capped. You have to upload your valid ID and wait for the specialists to verify them. Unlike in another Russia-based e-wallet, Yandex Money, you only have to provide scans of the documents, so it is free and not as long. Still, there will be a delay, as there are not so many verification specialists at the company.
Once you have verified your account, top it up with a credit card, paying a 2,5% fee, with electronic money paying no fee at all, or with a number of other options.
Making a deposit at a WebMoney casino has several steps. You are redirected to the platform to enter your registration data, conform with an SMS code and finish the payment. You’ll pay a 0.8% transaction fee.
If you want to withdraw the funds later, you’ll have to pay a 2% commission on credit card withdrawals, and 1.5% on bank transfers. They may take up to 4 days, though.
Here are some other details you may want to know before depositing at a WebMoney casino.
Deposit and Withdraw
WebMoney can safely be used as both deposit and withdrawal method at casinos that accept it. No need to think of plan B.
Minimum deposits at WebMoney casinos start at 10 USD. You can go as low as that, but making first deposits bigger can be beneficial for you because at most casinos there’s bonus money up for grabs.
Countries where WebMoney is accepted
WebMoney is widely accepted in CIS countries, Ukraine, Russia, Georgia, Kazakhstan and others. It can be used as an online payment method around the world, but using it at point of sale merchants is not available.
WebMoney casinos do not charge fees on deposits, but you’ll pay a 0.8% transaction fee.
Online Casino Software Providers That Accept WebMoney
Playtech WebMoney casino
Playtech games are a classic. This game developer produces a bit old-style looking games, 5-reel slots with 20 to 25 paylines. Their arsenal of themes, however, is impressive. From Greek mythology to DC comics. Play their slots that explore the universe of Daredevil or Captain America for free at CasinoHEX or for real money at Omni casino.
Aristocrat WebMoney casino
Based in Sydney, Australia, this company specialises in vintage games as well. Check out the classic look of their slots like Red Baron, 50 Dragons or Silk Road. The common themes include Asia, Ancient Greece and Egypt. Play Aristocrat games for real money at PlayMillion and Casino.com.
NetEnt WebMoney casino
NetEnt sells slot games to many online casinos. It gives the classics a new modern spin with slots like Jack and the Beanstalk. Check out their 80s-themed slot Hotline. Choose a hotline, and Wilds that land on it will expand across the reel. Play it for real money at PlayMillion and Mega Casino.
NextGen Gaming WebMoney casino
A part of Scientific Gaming group, this game developer produces next-generation games. One of the last hits, Renegades is one of these games. It allows you to be a part of the story of five ferocious Nordic women. Each of them grants you different bonuses that help you win. Play this amazing slot at PlayMillion and Mega Casino.
Pros And Cons Of Using WebMoney in Online Casinos
Not sure whether to use WebMoney casinos? Choosing a payment option that benefits you the most is never easy. Take a look at this analysis of positive and negative sides of the e-wallet and make a decision for yourself.
WebMoney is really easy to use. It has a mobile app, and the whole process of making a payment is fast and simple, even though it takes several stages.
Several stages of the payment process make it very secure to use the payment system. No one can get access to your account, as you have to enter an SMS verification code while making a payment.
The commissions you pay with WebMoney are one of the lowest on the market. It takes only a 0.8% of the sum to make an online transfer. You end up getting more of your funds directly to the casino.
There are a lot WebMoney casinos in South Africa, so you are more likely to get a good variety of games you can play paying with this e-wallet.
If you wish, you can exchange WebMoney e-currency to any other at a third party exchange.
WebMoney can be topped up with BTC or LTC, so if you are a cryptocurrency holder, it can be an easy way to store your assets and use them at a casino.
There are no South African Rand at WebMoney. You’ll have to buy WMZ or WMU for USD or EUR to deposit. This means you’ll have to pay an exchange fee.
Verification of your profile may take a bit longer than usual, as the system is based in Russia, and they don’t have a verification office dedicated to SA players.
There are no WebMoney kiosks in SA, nor do local merchants accept it at points of sale, so you are confined to online payments.
The Current Situation with WebMoney in South Africa
Using WebMoney is legal in SA, but not as widespread as the other e-wallets. Still there are plenty of WebMoney casinos out there, and some other merchants can accept it too.
You can’t top it up using a kiosk, as there are none. It’s not a big deals, as using a credit card is way cheaper. Deposit fees at a kiosk are 4-10%.
Alternatives to WebMoney for Making Deposits at Online Casinos
Still not convinced that WebMoney is the way to pay? Take a look at the alternatives.
Using Visa or a Mastercard to make a deposit at an online casino can be a better choice, as you save 2.5% on depositing and 2% on withdrawal, fees that you have to pay to WebMoney.
If you are not receiving money on WebMoney directly, using a credit or a debit card can be your choice.
Wire transfer is a bit outdated for some, but you can use this payment option at most casinos. It will take a trip to a bank, a handsome fee, and up to 20 days of waiting for the withdrawal to be processed.
WebMoney is not a monopoly, there are plenty of other e-wallets out there. The most popular in SA are Skrill (formerly Moneybookers), Neteller, and EcoPayz. The withdrawal fees at WebMoney are way lower, however, so the choice is more about convenience than the price.
Safety of WebMoney Gambling Transactions
Safety is one of the main selling points of this payment system. With WebMoney casino you know your money is safe. The company uses a two-step verification method to ensure your funds are not used by another person.
Paying with WebMoney includes receiving and typing in an SMS code that nobody else can know but the holder of the account. If safety is what you want, choose WebMoney.