Webmoney Casino Withdrawal

Introduction

While most of the online payment methods cater to Western European and North American users, Webmoney is a Russian based company that began operating fairly recently.

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It has grown to become one of the preferred methods of making online payments and in the world of online casinos, is quite respected and a lot of the casinos offer it as a payment method. One unique feature of Webmoney is that it features a lot of unconventional currencies such as Russian and Belarusian Rubles and Ukrainian Hryvna.

How it works

When you wish to use your Webmoney account to withdraw funds from your online casino, you merely need to select it as your option and specify the amount that you want out. Webmoney processes withdrawals within 2 business days but sometimes there are delays at the casino end. Unlike other payment methods where you can make a withdrawal directly, Webmoney requires you to have Webmoney Units, which are nothing but deposits.

This is logical and inevitable as your withdrawal and deposit methods for your casino account are usually the same. These units can be purchased in retail shops or banks or online with a credit card. For the various deposit methods, fees varies from 2-8%. However, the good part is that withdrawals are free. Once you have made the withdrawal into your Webmoney account, you might want to use it. You can withdraw to a bank account, or a credit card account and even have a wire transfer or convert currency before withdrawing.

While withdrawing to a bank account or wire transfer is free, the others have service charges ranging from 0.5% to 1.5%. You can find out the best option while registering for the Webmoney account when you choose it for your online casino.

Other notes

Among the various payments, Webmoney has one of the lowest service charges probably because it is relatively new in the business. While it is mostly efficient, there have been cases of delays. The number of casinos using this service is only increasing and unless you operate from Eastern Europe, there are better options.

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