Best WebMoney US Betting Sites in 2021
WebMoney was founded in 1998 in Moscow, Russia and has developed a great base of users over the years, with a reported number of over 40 million in early 2020. As many e-wallets around, WebMoney has been one of the fan favorites when it comes to deposit and withdrawal methods on betting sites. It offers instant deposits and very quick withdrawals while being accepted by some top bookmakers, which certainly adds to its appeal. Let’s see more about the best WebMoney betting sites and what you need to take care of before making first payments with the processor.
WebMoney: How it works!
WebMoney is an e-wallet and takes online banking straight to the point. It can be funded with a number of credit and debit cards, allowing online shopping and instant deposit to sports betting sites. The speed at which you can transfer money is its prime selling point, while also allowing access to a number of bookmakers otherwise unavailable. It’s probably the best payment processor in Russia and it has extended across the globe. We now check out some of the best betting sites that accept WebMoney and take on an in-depth review. Let’s see whether you should use it to bet online!
Top 5 betting sites with WebMoney
Of course, US players do not have it as easy as we would hope. Federal regulation imposes limitations and this has painted the picture of betting sites you can bet with. Still, there are gambling and sports betting opportunities and we will now list some of our favorites on the table.
Payment procedure with WebMoney
The procedure of processing your deposit with WebMoney is very easy and straightforward once you set up an account with a bookmaker. You will need to log in and click the Deposit button, following these simple steps as you go:
- Step 1: Select WebMoney as your deposit method
- Step 2: You will be redirected to WebMoney website
- Step 3: Log in to your account
- Step 4: Enter the amount you want to deposit with the sports betting site
- Step 5: Confirm the payment and see it process almost immediately
Attention: Payment with WebMoney at sportsbooks
Internationally speaking, WebMoney is a very popular payment method that is used by many bookmakers, online casinos and other online sports gambling sites. In the USA, not all the online bookies accept WebMoney, but those who do give players a great way of making quick deposits and cashouts without much trouble. WebMoney is one of the most convenient payment methods for online betting at sites which offer it.
Still no account with WebMoney?
If you would like to bet with WebMoney at a certain bookmaker and you don’t have the e-wallet, it’s time to make an account. It’s a simple process to make one, though, and you will get to the point where you transfer the money to the account in no time.
Visit WebMoney website and click Sign Up, which will take you to the form. You will first need to add your mobile phone number, then move on to insert your personal information (including full name, date of birth, address, and e-mail). It’s best to review the information and make sure it’s correct, as you will need to confirm it with appropriate documents. Then you can set up a password for your account and confirm the e-mail. Voila! Your free WebMoney account is up and running.
You will now be able to add a credit or debit card to what’s called your purse. However, you will not be able to use it to deposit USD to the WebMoney account. You will have to use a bank transfer, Internet banking, exchange posts, or pre-paid WM card. This takes us to major WebMoney pros and cons when it comes to online sports betting.
Pros and Cons of WebMoney
Advantages of WebMoney
WebMoney boasts security and one has to consider it a major advantage as an additional layer to fund safety when betting online. It uses SSL data encryption and best firewalls out there but there’s more to protect your money. The website stores key files on your drives and makes sure only you have access to it. It also adds digital certificates and features e-Num, allowing 2-step authentication with mobile phones.
Payments with WebMoney are very quick. The company proved devotion to making it as effortless as possible on many occasions. The agreement signed with Sberbank allows users in Russia instant deposits and withdrawals between the accounts, for example. Withdrawal timeframes are just as impressive, which adds a great deal to the method for bettors wanting to switch sites.
Furthermore, sites grant WebMoney deposits a sports betting bonus more often than not. Bonuses are mostly free bets and not extra funds you can release to your balance. However, this obviously gives the processor an edge over some of the big guns in the industry. There are bonus terms and conditions for free bets you get so it’s important to carefully read before claiming it. It is important to note bonus hunting is frowned upon and you should never try to capitalize that way. Bonuses are not granted, though, and we suggest you check out specific sportsbook reviews before trying to grab them.
Disadvantages of WebMoney
WebMoney obviously comes with its downsides too. For one, it’s not really created for gambling and sportsbooks in mind. Actually, payments are free but sports betting-related transactions are charged fees, both with betting site deposits and withdrawals. This is a small fee but can still make a difference, especially to high rollers.
The funds you move to WebMoney are automatically converted to WM currencies, where WMZ (Z-purse) stands for US Dollars. This could create confusion and feels somewhat unnecessary. Additionally, you cannot transfer USD to the site with credit and debit cards. This means you will have to employ other methods such as cash at ATM and wire transfers, most probably because of the Federal regulations.
- WebMoney adds great security to online sports betting
- It offers speedy deposit and withdrawal
- There are bonuses you can grab with WebMoney
- WebMoney charges fees for gambling transactions
- US Dollars cannot be deposited or withdrawn via cards
Usual processing time & fees for payments with WebMoney
WebMoney works so well with betting sites mainly for its great processing time, aside from the fact you’ll get a bonus or free bets more often than not. The wallet allows almost instant deposits and this means you can bet on a site within minutes of setting up your account. However, this comes with a cost! WebMoney transfer is free but it charges gambling and betting service with a fee of 0.8% on every deposit you make, unlike PayPal or NETELLER for example. Still, you will seldom get a bonus or a free bet with these two.
Withdrawals are just as quick and are usually processed within the same day. With already mentioned agreement with Sberbank, you can get your payments to the bank account instantly. As with deposits, bookmakers will charge the same fees of 0.8%. This certainly comes as a downside despite the fact it’s a low fee, as there are processors that will move your money free of charge. The cap on the fee is 50 WMZ for US Dollars. It is important to take this in consideration before moving your funds to grab that bonus and placing your first bets!
Yes, there are number of bookmakers that accept WebMoney. US players are limited with Federal regulation but you can find the list of our favorites above. Pick a bookmaker which will best suit your preferences, read the full review and you can play today already.
Yes, there are bookmakers that offer a welcome bonus or at least free bets for WebMoney transactions. Check out some of the sports betting site reviews here and find more information before trying to claim any bonuses.
Yes, like many e-wallet methods, WebMoney gives great emphasis to security. It uses SSL encryption, best firewalls, 2-step authorization, key files on your hard disk, and allows you to bet with a favorite bookmaker carefree. You can read more on WebMoney security in the review above.
Aside from great bonus offers, WebMoney’s prime selling point is the speed at which you can send money to and receive money from a sportsbook. Deposits are instant and withdrawals usually take up to 24 hours, while most user reviews report a timeframe of four hours.
Yes, transaction speed comes at a cost here. There is a fee of 0.8% on both payments to and from gambling sites and your favorite bookmakers. While this is a tiny fee, it’s important to note there are still methods which will process payments for free.
Yes, it’s a longstanding brand and has been a reputable company. There have been some issues in the past but these often come settled quickly, which does inspire confidence. It is safe and very quick with many sportsbook sites in offer.
It is important to consider many things when first choosing your payment processor. It works well with sports betting sites but you will need to reflect your preferences too and see if it suits you as well as some user reviews suggest.