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WebMoney

Operating in a similar fashion to popular e-wallets such as PayPal and Skrill, WebMoney is a quick and convenient payment method for online betting.

Keep reading to discover the perks of betting with WebMoney, reasons why it might not be the right option for you, and everything else you need to know.

Some of the top betting sites that accept WebMoney are listed in the table below.

Top Online Bookmakers That Accept WebMoney

4.6/5
Rated by 219 users
Claimed by 742 people this week
Get up to €50 in Bet Credits
Terms and conditions: Terms and Conditions apply. – Terms apply
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Payment Options

VISA
Master Card
eWallet
Maestro

Average Payout Speed

0 – 24 Hours

Currencies

  • EUR
  • GBP
  • SEK
  • World's favourite online betting company
  • 24/7 chat and phone support
  • Mobile app for both iOS and Android
  • Large selection of banking options
  • Wide range of sports to choose from
  • Few promotions for existing users
4.6/5
Rated by 312 users
Claimed by 638 people this week
Welcome Bonus up to €50
Terms and conditions: New Customers only; Min. deposit £15 (no Skrill/Neteller); Bonus amount is 100% of deposit up to £50; Welcome offers are limited to one per person, family, household address, email address, telephone number, same payment account number (e.g. debit or credit card, Skrill and etc.), shared electronic device (e.g. school, public library, workplace, mobile phone) and shared IP; Wager the qualifying deposit and bonus amount 8x within 30 days to convert bonus winnings into real money; Wagers must be on min. odds of 4/5 on singles or acca bets with min. odds of 2/5 per selection to qualify; Max. stake contribution to wagering requirement is the value of your bonus; Certain bet types are excluded; See full terms; Terms apply; 18+ – Terms apply
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Payment Options

Bank Wire
EcoPayz
Master Card
Neteller
Paysafecard
Skrill
Ukash
+1

Average Payout Speed

0 – 24 Hours

Currencies

  • EUR
  • GBP
  • NOK
  • UKGC, MGA and SGA gaming licenses
  • No deposit/withdrawal fees whatsoever
  • Incredible VIP program (The Ten Club)
  • Standalone app for iOS and Android
  • 24/7 customer support via live chat
  • No live streaming service
4.83/5
Rated by 143 users
Claimed by 512 people this week
Bet €10 Get €30 + €10 Casino Bonus
Terms and conditions: Min deposit €10 • A qualifying bet is a ‘real money’ stake of at least €10 • Min odds 1/2 (1.50) • Free Bets are credited upon qualifying bet settlement and expire after 7 days • Free Bet stakes are not included in returns • Casino Bonus must be claimed within 7 days, wins are capped at €500 • To withdraw bonus/related wins, you must wager the bonus amount up to 40 times its value within 14 days • Casino Bonus expires after 60 days • Casino Bonus can be used on selected games in casino only • Restrictions apply to withdrawals, payment methods & countries – Terms apply
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Payment Options

VISA
Master Card
Bank Transfer
Bank Wire
Bitcoin
Citadel
Instadebit
+8

Average Payout Speed

0 – 24 Hours

Currencies

  • CAD
  • EUR
  • GBP
  • Best odds guaranteed on horse racing
  • Regular promotions and free bets
  • One of the most trusted betting sites
  • Live in-play betting and cash-out feature
  • Competitive odds and fast payouts
  • Drastically lowers limits on sharp bettors
4.5/5
Rated by 413 users
Claimed by 557 people this week
28% Up to 988MYR
Terms and conditions: Terms and Conditions apply. – Terms apply
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Payment Options

Bank Transfer
Delta
Master Card
Neteller
Skrill
VISA
Visa Electron

Average Payout Speed

0 – 24 Hours

Currencies

  • USD
  • Various Asian languages and currencies
  • Huge range of football betting markets
  • Competitive odds for all sporting events
  • Nice welcome bonuses and loyalty offers
  • Numerous country restrictions
  • No live streaming service
4.79/5
Rated by 671 users
Claimed by 430 people this week
100% up to €122
Terms and conditions: Register and deposit at least €1. Get 100% matched bonus, up to €122. Bonus amount must be wagered 5x via accumulator bets. Min 3+ selection, min odds 1.40. Rollover must be completed within seven days. Withdrawals unavailable until rollover completed. – Terms apply
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Payment Options

Neteller
Skrill
Siru

Average Payout Speed

0 – 24 Hours

Currencies

  • EUR
  • USD
  • AED
  • Available in over 30 languages
  • Over 1000 events offered every day
  • Extensive list of banking methods
  • 24/7 customer service support
  • Cryptocurrency accepted
  • Lack of live streaming
4.5/5
Rated by 413 users
Claimed by 289 people this week
50% Up To $1000
Terms and conditions: Terms and Conditions apply. – Terms apply
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Payment Options

Bank Wire
Bitcoin
Cheque
Discover
Master Card
Neteller
Skrill
+1

Average Payout Speed

0 – 24 Hours

Currencies

  • USD
  • Accepts players from all over the world
  • Known for their live betting offers
  • Lots of secure banking options
  • Great bonuses and promotions
  • High fees for some deposit options
  • Support agents are often slow to reply
4.5/5
Rated by 215 users
Claimed by 267 people this week
Get up to €/$30 in Free Bets
Terms and conditions: Min Deposit: €/$10; First deposit matched up to €/$30; 1x wagering at odds of 1.75+ to unlock Free Bet; Credit Card, Debit Card & PayPal deposits only. – Terms apply
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Payment Options

Neteller
Skrill
EcoPayz

Average Payout Speed

0 – 24 Hours

Currencies

  • USD
  • GBP
  • CAD
  • Licenced in both the UK and Malta
  • Generous welcome bonus for new users
  • Promotions for major sporting events
  • Free-to-play prediction games
  • Excellent customer service and security
  • Limited payment options
4.5/5
Rated by 232 users
Claimed by 378 people this week
15% up to $600
Terms and conditions: Terms and Conditions apply. – Terms apply
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Payment Options

Amex
Bank Wire
Bitcoin
Cheque
Master Card
Neteller
VISA

Average Payout Speed

0 – 24 Hours

Currencies

  • BPS
  • CAD
  • EUR
  • Popular book that accepts large max bets
  • Huge focus on football and basketball
  • High-spec live in-play platform available
  • Downloadable client for Windows & Mac
  • Odds are not amazing on non-US sports
  • User interface could be improved
4.5/5
Rated by 289 users
Claimed by 230 people this week
Bet £10 Get £20 in Free Bets
Terms and conditions: New UK customers (Excluding NI) only. Mobile exclusive. Min stake £10. Min odds Evs. Free bet applied on 1st settlement of any qualifying bet. 30 days to qualify. Free bets expire in 7 days. Cashed out/Free Bets won’t apply. Payment method restrictions. 1 Free Bet offer per customer, household & IP Address only. 18+.  – Terms apply
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Payment Options

Cheque
Clickandbuy
Ekonto
Euteller
Giropay
Ideal
Instadebit
+12

Average Payout Speed

0 – 24 Hours

Currencies

  • CZK
  • EUR
  • NOK
  • High-street bookmaker in Ireland
  • Nice site with very easy navigation
  • Popular for horse racing and greyhounds
  • Great range of Gaelic games markets
  • Site can be buggy on some browsers
  • Customer support is poor
4.5/5
Rated by 415 users
Claimed by 178 people this week
100% up to €100
Terms and conditions: Terms and Conditions apply. – Terms apply
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Payment Options

VISA
Master Card
Skrill
Neteller

Average Payout Speed

0 – 24 Hours

Currencies

  • Get big cash prizes as a VIP customer
  • Access the site in 17 languages
  • Live odds change via colour-coded boxes
  • Explore in-depth sports rules on the site
  • No live streaming service
  • Long list of restricted countries

What Is WebMoney?

Established all the way back in 1998 by WM Transfer Ltd., WebMoney was initially a Russian facing operation that enabled customers to transfer money online more easily and efficiently. The purpose behind WebMoney was to enable clients to manage all of their online payments from one portal.

Whilst it was initially confined to the Russian market, WebMoney is now available worldwide, with customers signed up from all corners of the globe. Since 1998, WebMoney have attracted over 28 million users, so it can definitely be considered one of the larger firms in the e-money sphere.

Interestingly, although WebMoney is a Russian company, it was first set up in Belize, Central America. However, most of the company’s operations are now based out of Moscow, Russia. WebMoney does however have offices scattered around the globe.

WebMoney’s business model operates in a very similar fashion to that of companies such as Paypal, Neteller and Skrill. Customers upload funds into their WebMoney account and are then able to disperse the money to their betting accounts.

WebMoney logo

How Do I Top Up My WebMoney Account?

There are several ways for customers to top up their WebMoney account. The available methods also depend on the type of wallet that customers choose (there are several different options that vary by the country that the customer is residing in).

Naturally, Russian customers have the most options and can add to their WebMoney balance by using:

  • Debit/credit card
  • Cash-in terminal
  • Internet banking
  • Electronic money
  • Cash desks at retail stores
  • Postal transfer
  • Pre-paid cards and vouchers
  • ATM’s
  • Bank wires
  • WebMoney exchange offices

The fee for uploading the funds depends on which method is chosen.

How Do I Get a WebMoney Account?

To open a WebMoney account, customers need to visit http://www.wmtransfer.com/ and follow the simple sign-up process. As they deal with personal and financial information, WebMoney have to verify account holders’ identity and require telephone numbers and further documents.

Once all security checks have been made, customers can then upload funds to their accounts ready to disperse to their betting accounts.

Although not all of the UK based bookmakers accept WebMoney, most of the European operators are happy to offer it is as a deposit option.

WebMoney app welcome screen

What Are the Advantages and Disadvantages?

There are plenty benefits for customers using WebMoney to fund their betting accounts, with a few drawbacks as well:

Benefits

Large Number of Deposit Options

Large Number of Deposit Options

Especially for Russian customers, there are a large number of ways for customers to add funds to their WebMoney accounts. The option to deposit at ATM’s or in cash at banks may appeal to individuals who are reluctant to enter their bank account details online.

Security

Security

WebMoney are an established e-money company with advanced security encryption and years of experience in the business.

Customers who do not feel comfortable inputting their financial details into an individual betting site can upload money through WebMoney safe in the knowledge that their information is not being compromised.

Anonymity

Anonymity

In some countries gambling is illegal or is heavily restricted to state run or national betting firms and in some instances governments ensure that their banks will not process payments to foreign online betting websites.

WebMoney helps to provide a solution to this issue as it is available in a large number of countries and payments to the company are not restricted in most locations.

Organisation and Flow of Funds

Organisation and Flow of Funds

Keeping betting funds in a WebMoney account helps bettors keep track of their profits and losses and enables them to distribute their money to bookmaker’s accounts quickly and efficiently.

When using debit/credit cards, it can take several days for funds to be sent back to bank accounts, but typically WebMoney are much faster.

Also, by keeping their betting balances in a WebMoney e-wallet, customers are not constantly making deposits and withdrawals using their bank account/debit card (which is frowned upon by many banking institutions).

Drawbacks

Fees

Fees

Although not many bookmakers actually charge for using WebMoney, the firm themselves charge a commission for transactions.

This varies depending on the method customers choose to upload funds and paying a small percentage is fairly unavoidable when it comes to using an e-wallet service.

Coverage

Coverage

Although WebMoney is now available in most major countries around the globe, it doesn’t have the same level of use by bookmakers (particularly in the UK) when compared to other companies such as Neteller, Skrill etc. who provide a similar product.

WebMoney Betting Conclusion

WebMoney is a viable option for bettors who wish to safely online. It has many benefits and is particularly useful for customers residing in Russia and the surrounding countries, as there are more options available to these users.