Webmoney is a Russian e-wallet system that is a great way to handle your bingo needs, especially if you deal with a bingo site that works with Eastern European currencies.
Thanks to this service, a lot of eastern European customers are playing bingo and it has become a preferred payment option on normal bingo sites as well. It is very convenient to use and register and unlike with other e-wallets, you can play in the native currency of bingo sites thanks to the flexibility this one provides.
To use Webmoney with your bingo site, you first need to register for an account which takes just a few clicks and minutes. Once this is done, link it to a bank account or credit card and transfer money into it. Your Webmoney account can now be used to pay for your bingo deals. Just select Webmoney as the payment option in your bingo account and authorize the payment from your Webmoney account and your money will be transferred.
When you have won enough money on your bingo site, you can withdraw it back to Webmoney by specifying the amount and providing the necessary details. This process can take a few days depending on the bingo site that you are dealing with. Note that there are no charges on Webmoney’s end but your bingo site might charge you for the withdrawal.
Now, you are in a position to withdraw money back into your bank account from Webmoney. This process too is chargeable and costs about 1-2% of the money you are withdrawing. In addition, the process takes about 3-5 business days. When you register for a Webmoney account, you will find out the exact details, which vary from currency and bank. Also, there is a 1.5% service charge on exchanges. While Webmoney is a popular online payment system, it is preferable to use something else unless your bingo site deals with Russian, Ukrainian or Hungarian currencies.