WebMoney Poker Sites

Webmoney is an ewallet that processes a variety of payments over the Internet. Online gaming is just one of those businesses. It is the most popular ewallet in Russia and Eastern Europe. It also accepts online poker customers throughout Europe. It does not accept U.S. players.

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How to Fund a Webmoney Account

Webmoney has one of the largest funding selections available. The company works with retailers throughout Eastern Europe much like how Western Union operates in the U.S. Cash may be deposited to fund accounts at banks, stores and even in terminals setup specifically for Webmoney. Many ATMs also accept cash deposits. The fees are 1.5% for this service.

Bank transfers are the cheapest way to fund a Webmoney account. There is no fee for standard transactions. Those looking for instant cash may pay a fee of up to 2%. Credit and debit cards may also be used for a fee of 2.5%.

An account may also be funded through a person-to-person transfer. The receiver must create an invoice that is then sent to the friend through email or text. The money is transferred in just a few clicks.

How to Withdraw from a Webmoney Account

Webmoney offers several withdrawal methods. Most are free. The options that carry a fee charge 1.2% or less. Withdrawals to credit cards, debit cards, bank wire and the Webmoney prepaid card are complimentary. Money transfer services have a fee of 1%, as do cash withdrawals at Webmoney agent offices, including bank branches.

Alternatives to Webmoney

Players outside Russia and Eastern Europe are not likely to find Webmoney to be the best option. Neteller has the lowest fees in the industry. Skrill, also known as Moneybookers, is another popular ewallet. Both are accepted by all online poker sites.

Americans cannot use Webmoney for online gambling transactions. The most common deposit options at U.S. poker sites are Visa, Mastercard, Western Union and Moneygram. Most credit cards issued by banks are declined so an international prepaid debit card is likely to be the best choice. Green Dot and Netspend are brands that sell prepaid debit cards.

Western Union and Moneygram are cash transfer services that accept credit cards. These may be used online to fund the transfer. Cash may also be used at an agent office. Most grocery stores and large retailers offer this service. The fees are about 10% for cash transfers. Poker sites will pick up this fee of deposits of $300 or more.

U.S. poker withdrawals may be issued by check, bank wire and cash transfers. Most poker sites will send one free payout be check each month. The fee for cash transfers are 10-20% of the total amount.