What is WebMoney? WebMoney Review

Basic Introduction

WebMoney is a very popular electronic payment system in Russia, similar to China's Alipay and WeChat Pay. After recharging, you can purchase service products on various supported online platforms, including recharging mobile phone bills, purchasing physical goods, and virtual goods such as various consoles that domestic users often purchase.

use

1. Online payment and cross-border payment

1. In Russia, it is mainly used for online shopping, phone recharge, game recharge, etc.

2. Foreigners prefer to use WebMoney to trade foreign exchange, such as the foreign exchange trading platforms: Forex4you Chinese, Forex-Metal, IFC Markets;

3. Some domestic AliExpress sellers will register WebMoney accounts and use them to place fake orders;

4. Some domestic gamers like to play European games, but some foreign games do not support Alipay payment, so they will recharge to WebMoney and then pay;

2. Cross-border payment collection

Domestic independent foreign trade e-commerce companies, game publishers, etc. will receive payments through WebMoney, such as GlobalE-Commerce, LightInTheBox, Dalong.com, 4399 Games, Youzu Interactive, etc. If you want to access Webmoney, you can consult online through the Payssion cross-border payment official website.

Features of WebMoney

1. Security - Transfers require SMS verification, remote login IP protection and other multiple protection features

2. Speed ​​- Instant payment

3. Stability - Russia's most mainstream electronic payment method, and all major Russian banks can recharge and withdraw money independently

4. Internationality - Anyone can open an account online anonymously for free and can operate with zero capital

5. Convenience - You only need to know the other party’s wallet number to transfer money

6. Privacy - anonymous application, privacy protection

7. Versatility - Many foreign exchange, investment and shopping websites around the world accept webmoney payments

Security

WebMoney is a highly secure online payment system that provides security through special protected key-files - even if your password is stolen, your funds are still safe. Although a general WebMoney account is anonymous, you need to provide personal identification information when withdrawing funds. This makes WebMoney more secure than PayPal or other online payment systems.

Development History

As of September 2012, it had nearly 19 million registered users, and its payment system can be used in 70 countries around the world, including China.

As of 2020, WebMoney has more than 40 million registered accounts, with more than 300 million transfers and remittances between accounts. About 35% of Russian Internet users use WebMoney wallets.

References