What is WebMoney?
WebMoney is an online payment service and e-wallet that was launched in 1998 in Russia. It has since expanded globally to offer digital payment solutions and money transfers to both businesses and consumers.
Users can open a WebMoney wallet on the platform to store, pay or receive funds. Multiple currency wallets are supported including rubles, euros and US dollars. The system utilizes WMZ units which is tied to fiat currencies and allows quick conversion between wallets.
WebMoney offers payments cards connected to your wallet to facilitate both online and offline payments similar to a digital bank account and debit card in one. Users can make peer-to-peer money transfers as well as pay for goods and services at supporting merchants.
The platform utilizes robust security with encryption protocols and multi-factor authentication for added account and transaction protection. Users can also earn income by becoming guarantors providing extra verification for transactions.
As an online payment system, WebMoney enables fast, secure and low-cost money transfers and payments. It has over 35 million user wallets with availability in multiple languages across several countries.