online money transfer

WebMoney is an electronic money and online payment system (transactions are conducted through WebMoney Transfer). WM Transfer Ltd, the owner and administrator of WebMoney Transfer Online Payment System, was founded in 1998 and is a legal corporate entity of Belize, Central America. Originally targeted mainly at Russian clients, it is now used world-wide. The company claims to have more than 2 million users.

Clients can use the system through downloaded software called "WM Keeper" or through a limited web client called "WM Keeper light". Signing up and receiving webmoney (known as "WM units") from other users is free; sending WM units to other accounts incurs a fee of 0.8%. Funds can be deposited into or withdrawn from webmoney accounts by money order, wire transfer, by conversion from other electronic currencies, or by cash transactions at authorized exchange offices; all of these incur various fees. It is also possible to purchase WM cards for $10-$100 in order to fund an account.

WebMoney transactions are safe because they do not require a credit card or bank account and are immune against certain scams because they are final and cannot be retracted; this is similar to e-gold and cash and unlike credit card transactions and PayPal. It is therefore not possible to buy WM units online with a mere credit card or a paypal account.

Every account, known as a "purse", is run in US Dollar-equivalents (WMZ), ruble-equivalents (WMR), euro-equivalents (WME) or hryvnia-equivalents (WMU). Accounts are identified by strings called WM-IDs; account holders can remain completely anonymous towards each other.
WebMoney incorporates an instant messaging system as well as a way to send out bills and to extend credit. It is also possible to protect a payment with a password; the payment is withdrawn from the payer's account and added to the payee's account, but cannot be redeemed unless the password is known. The payer will typically provide the password once the promised goods have been delivered. Some operations require a higher level of user authentication known as a "WM passport" which a user can obtain from authorized parties.

The main address for technical support is given in Moscow; the main proprietor and administrator is located in Belize. Transactions in WMR are underwritten by WMR LLC in Moscow and transactions in WME and WMZ are underwritten by Amstar Holdings Limited in Panama.

All in all Webmoney is an easy and safe way to fund your poker account!

What is Moneybookers?

Moneybookers is a tool that allows you to safely send and receive money via email - instantly. You can send money from your credit/debit card, transfer money to and from your bank account. Use Moneybookers whenever you need to send money to someone (settle a debt with a friend, pay for online purchase/auctions...) or when someone needs to send money to you.

What are the benefits of using Moneybookers?

• Secure: with Moneybookers, you will no longer need to expose your credit/debit card information every time you shop online. Moneybookers can process the payments for you securely.
  
• Convenient: with Moneybookers, all you need to execute a payment, is the recipient's email address. This eliminates the hassle of dealing with complicated bank wire forms and the inconvenience of sending and depositing cheques!
  
• Fast: with Moneybookers, you can send and receive payments in Internet time - real-time.
  
• Borderless: as a truly international payment product, Moneybookers is the best and cheapest way to send money cross-border.
  
• It is free of charge!
  
• Has over 15 million account holders (and growing very strong) which makes it one of the largest online payment processors.
  
• Accepted payment option at over 70.000 online merchants.
  

Making deposits at poker rooms or paying at online shops is an instant process with Moneybookers. After depositing at a poker room the money will immediately be available for usage.

Worldwide money sending via email. If for example you want to send money to a friend, you simply need to enter the friend's e-mail address and the amount. The friend will then receive an e-mail and will immediately have access to the money, even if he didn't have a Moneybookers account up until then.

Fees

Depositing to Moneybookers via bank transfer is free of charge in over 30 countries! The cost for depositing with a credit card is a 1,9% charge of the deposited amount. When sending money, a fee of 1% with a maximum of €0.5/$0.8 is taken. (compare that with the fees charged by Neteller!)

Current detailed list of fees

Security: Regulated by the FSA

Moneybookers is regulated by the British Financial Services Authority (FSA) and is therefore subject to the most stringent regulations that exist for licensed financial institutions. Furthermore, Moneybookers is also convenient for protecting your personal data: you can make deposits or payments by simply entering your e-mail address and password and thus circumvent giving your personal bank account data to third parties. As a licensed banking institute Moneybookers takes care of the transfers for you.

More information on FSA regulations