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WebMoney is one of the most convenient available payment methods, but its interface might raise some questions among those who’ve never heard of it. So, how to use WebMoney?
In this article we will show you how to register, set up and use your account in the most efficient way, so that you could send and receive funds without any issues. Read our WebMoney review to learn all the peculiarities of working with this e-wallet.
What is WebMoney?
WebMoney is an online payment system that allows you to create virtual wallets in different currencies.
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E-wallets are a fast and secure way of making purchases and transactions on the Internet, without the need to open your bank account every time.
How to make a WebMoney account?
Registering an account with WebMoney takes several steps, but they are not complex and will only take a fraction of your time. In order to sign up for a WebMoney account, you will need to download the WebMoney application from Google Play or Apple Store.
After downloading the app, you will be asked to complete several steps of registration. You will need to enter your phone number and specify your country. After that, the system will ask you to provide a selfie in order to make sure that you are a real person and not a robot.
Confirm the phone number and set a password for your account. Now you are ready to use WebMoney!
The wallet offers several purses in different currencies which you can choose from, or create several purses at once. The wallet also offers crypto currency balances that allow you to purchase such cryptos as Bitcoin, Litecoin or BitcoinCash. Each balance has its own title, which helps distinguish it from others.
WMD is used for a USD balance, WME — for a purse in EUR, WMX for a BTC purse and so on. Another purse that you may create is WMG — an equivalent for 1 gram of gold.
Sending and receiving money
To understand how to deposit and withdraw with this e-wallet, first, create a purse in the needed currency, as described above. Click on the chosen purse and if you need to fill it up, click “Refill”. If you wish to send money from your WebMoney to another person or account, click on “Transfer”.
How to withdraw money from WebMoney? It is not a complicated process whatsoever. You will be able to choose from a wide variety of deposit and withdrawal options. Normally the top-up and withdrawal options include bank cards, bank transfers, cash-in terminals, and other e-wallets. However, it is always better to check the available methods in your particular WebMoney account as the options might differ depending on the country of registration.
How to deposit and withdraw from IQ Option using WebMoney?
Many brokers accept this e-wallet for payments, including IQ Option. If this e-wallet is your top-up method of choice, you can also withdraw your profits to it. Let’s see how deposits and withdrawals can be done step by step.
Deposit
To deposit with WebMoney, you can do the following:
- Log into your IQ Option account and click “Deposit”
- On the deposit page, find WebMoney among the available options
- Choose the desired amount of deposit and click “Proceed to Payment”
- You will be redirected to WebMoney, where you can log into your e-wallet and approve the transaction
- Once the transaction is complete, the money will be credited to your IQ Option account immediately.
Withdrawal
To withdraw funds from your IQ Option account to your WebMoney wallet, you will need to follow the steps:
- Log into your account and click “Withdraw Funds”
- Find WebMoney among the available withdrawal options
- Choose the amount of withdrawal and enter the e-wallet number into the field. You can choose an WME or WMZ wallet (in EUR or USD)
- Make sure to specify your full e-wallet number, including the first letter, for example: Z120027577828
- Proceed with the withdrawal. The funds will reach your e-wallet account within 3 business days.
WebMoney verification procedure
While you can use WebMoney without passing verification, certain functionalities, including certain money limits, are only available after verification. It means that you will need to upload your passport to the system and fill in any necessary personal data that is required. Much like the IQ Option verification procedure, its purpose is to verify the user’s identity and protect their account and funds.
