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WebMoney is an e-wallet and electronic cash payment system which has become popular in the market as compared to E-Bullion, PayPal, E-Gold and other payment services. The registration process is very simple and it usually asks for email verification and it proceeds to ask for more verification through SMS or sending relevant documents via fax. Read more
Any client is able to become a verified registered client of WebMoney. The verification offers several advantages to its users and these are as follows;
Users are able to send money to other registered WebMoney clients and all you have to do is simply click on the ‘Send Money’ tab and follow the instructions. All that is required for you to send money is the recipient’s email address and the total amount that has to be sent.
In order for you to receive money you simply have to give your email address to the payer or alternatively you can simply send a receipt to payer for request of money.
The WMTrabsfer software ensures that all funds are transacted safe and secure. Users are able to control their account making use of software called Telepat which is used on any mobile or cell phone device that uses java. Users are able to download the WebMoney Keeper Classic to control their accounts or alternatively if they do not want to make use of the download version they can make use of the WebMoney Keeper Light software which does not require any download and installation.
WebMoney ensures that all transactions are done safe and secure and the major advantage is that most of the user’s information is not stored on their server. This makes the online merchants to be secure from fraudulent behaviors. The WebMoney makes use of an instant message system to send bills and extend credit. Users are able to protect their payments by making use of a private password for carrying out any transactions.
The only set back is that the Webmoney blocks user’s accounts with out notifying you and you are not able to buy WebMoney credits online making use of a credit card or PayPal account.