Many payment methods are offered across online casinos, but there are just a few as reliable and as long-standing as WebMoney. This is an online payment processing service offering many products players can use across Canadian casinos to experience next-level banking. It has been around for decades now, and it allows for extremely secure and fast deposits and withdrawals. It is offered practically across all premier casino sites, most of which cater to Canadian players. So, what is WebMoney and why choose it as your online casino payment method?
The first thing you should know about WebMoney is that it was launched way back in 1998, so it has a long history of processing money online. It started out in Russia, with the aim to help Russian users make any transaction they’d want via the internet, be it currency exchange, donations, lending or loading. It was the mediator that connected money recipients across the country and as it caught up, it started expanding its scope and reached many other European markets.
It was created and launched by WM Transfer Ltd, and the services it offered to users were available in plenty of currencies. It implemented numerous identity verification and authentication tools to allow for better security, which later made the solution one of the safest to use, getting a great reputation. In fact, due to all of these rigorous measures, it received much praise and recognition from the online banking industry. It gained the reputation of a serious payment solution dedicated to improving online banking as we knew it, so its user pool continued increasing. People left and right started using it for all of their daily transactions.
Today, this is a global solution, offered all over the world. It is offered in Canada, so you can easily consider using it for your own transactions. Over the years, the solution rolled out many new products, and today, you’ll find it across Canadian online casinos as a modern eWallet and a plastic card, whichever you’d wish to use to fund your casino balance or cash out your winnings.
The solution is really popular across international online casinos and you’ll basically find it across most, if not all, casinos that have large player pools from all over the world. Since you’ll get many casino choices to pick from, if interested in getting started with it, stay with us to learn more about it.
Getting Started with the Solution
What started off as a simple online processing service grew to be one of the most attractive eWallets available in the world, so we’ll guide you through the process of getting started with this product. But, we’ll also share how to get started with the plastic card, issued in collaboration withthe world’s biggest credit and debit card brands, VISA, UnionPay and MasterCard.
So, you’d need to head over to its official website to get started with either of the two. To get started with the eWallet, you’d need to press the Sign-Up button and the registration form will appear in front of you. You’d need to fill out some personal details about yourself, such as name, address, email, and your phone number.
Since there are rigorous authentication measures involved, you should be prepared to go through the verification procedure, too. The solution will send you a 12-digit ID code via phone or email, which you’d need to enter in the designated field to confirm it is you who’s trying to use the account. You’d then be required to create one of the 4 WM Password types, alias, formal, initial and personal. Depending on the personal and banking details you’re willing to share with the solution, these four types of passwords would be required to get a different level of protection and perks, at a different cost. Visiting the official website, you’ll find out more about them.
Now, about the card, you’d need to order it via your account. After ordering the card, you’d need to activate it and after that, it will be displayed in the account’s Purse or Finance-Cards tabs. You can use it as any other card, but instead of being connected to your bank account, it will be connected to your WebMoney account. You can use the card at any online casino that displays the card brand’s logo, and you can use it across land-based facilities, too. Therefore, with it, you can use your winnings to make all kinds of payments and purchases, as you do with your regular VISA card, for instance!
Depositing and Withdrawing
Most, if not all, of the top Canadian casinos listed and reviewed here at casinoreports.ca, are offering WebMoney as a payment method, so any of these that you choose from would be a great option. Sites like William Hill, 888Casino, EuroGrand, and 21Bit are just some of the leading casinos that offer the solution. You can look up more options, but any of these would do, for certain. Therefore, make sure you choose the one that would suit your preferences and needs the most and create an account with it.
To make a deposit with WebMoney, go through these steps:
- Visit the casino’s Banking/Deposits page.
- Find WebMoney’s logo on the list of accepted methods and press it.
- Once redirected to a different page, log into your eWallet using your credentials. If using the WM card, enter the card details here.
- Specify how much you’d like to deposit and go over the mandatory verification procedure, entering the 12-digit WMID number, and if needed, the WM Password.
- Confirm the transaction and you’ll get back to the casino site, where the money will be waiting for you on your casino balance!
Deposits with it, as you could see, are instant. While withdrawals are possible, they won’t be instant, though. You’d need to go through a similar procedure to request one, this time specifying how much you’d like to cash out. The money will arrive in a few hours to a few days, right after the casino approves your withdrawal request.
Fees do apply when using WebMoney and that’s no secret. But then again, most eWallets also come with fees, so you have probably expected some costs, if not for something else then at least for funding your eWallet account and cashing out money from it.
The solution is pretty transparent with the fees it charges and all it takes to find out all about them is one look on the Transfer Fees page on its official website.
In short, you’ll need to pay a standard 0.8% fee, but there will be other fees depending on the service you’re using, the payment methods and your country of origin. For instance, for topping up your account, you would need to pay a commission from 0% to 3.5%, depending on the methods you’re using. You have MasterCard, VISA, UnionPay and JCB at your disposal as a Canadian user.
For money exchange services, fees range from 0% to 4%, for bank wiring around 1.5% and for using cash terminals from 2% to 10%. Make sure you find out more about the fees on the website.
Since this is a global payment solution, it accepts all the currencies of the supported countries. Since Canada is such a country, you can rest assured that you’ll be able to use Canadian dollars.
Other currencies at your disposal include US dollars, euros, Russian rubles, and Belarusian rubles, to name a few. Therefore, there are plenty of options for players across the globe.
Speaking of, we mentioned that WebMoney was first available in Russia only, and then to several European markets, but with time, it went global.
That’s why you’ll find it across so many countries in the world, Canada among them. Some of the supported countries include Uzbekistan, Belarus, Ukraine, etc.
There are many options to contact WebMoney’s Customer Support team. Depending on the nature of your problem or question, you have several email addresses you could write an email to. However, its official website is incredibly thorough and offers a massive Help page, where not only will you find the regular FAQs, but also so many pages taking you to extensive explanations about how, well basically everything, works. You can also open a Support Ticket explaining your issue, and the team will answer as soon as it has your answer.
In case you were having trouble with your deposits and withdrawals, you know that you can always contact the Customer Support agents available at your chosen casino. These agents are kind and responsive, so they should give you an answer in no time, via any of the several communication means available.
WebMoney is a really nice payment method to consider using across Canadian casinos. You’ll find it offered across many Canadian sites, for both deposits and withdrawals, and you can transact with it using your own currency, without paying any currency conversion fees. Then, you can use both the eWallet and the plastic card products, so you are provided with further choices. Finally, you get excellent Customer Support, so there’s nothing not to like about it. Sure, some fees are involved, but they usually are with eWallets and cards, so these were expected. Since getting started with it is free and easy, make sure you give it a try the least.
Yes, it is. You won’t find it across too many social media outlets, but you will certainly be able to follow its profiles on Facebook and Twitter.
Yes, indeed, since this is a global solution after all. In addition to Russian and English, you’ll be able to explore it in Portuguese, Turkish and Spanish. French, unfortunately, is not an option.
Unfortunately, there is no phone line to contact Support as a Canadian player. There are two lines for English and Indian players, and these are for technical support, so in case you’re in urgent need of assistance, you could try them, but be prepared to pay a huge phone bill for the international call.
There sure is! You can download its app from Google Play Store, Apple App Store, Huawei Store, and Microsoft Store. Therefore, the app is compatible with any device and any operating system, so you can enjoy it both on desktop and mobile devices. What’s more, the app is free.
Considering this is such a convenient online payment tool, it should come as no surprise that it counts over 31 million registered users. Should you decide to become one yourself, you’ll understand why the solution is such a success on the online banking scene.