Web Money is an online and international payment system. This system has been launched in Moscow and Russia since 1998. WebMoney is an online payment system worldwide and is used not only in Russia but also in other countries of the world. In Iran, this payment system is defined as a practical payment system and has many users. In the following, we are going to talk more about this payment system and check all its features.

webmoney to payeer

What is Web Money?

Web Money is a fast electronic payment system and a safe environment for online business. In other words, if you want to buy a product through internet sites in a foreign country, you must open a new account in one of the banks of the destination country; But Web Money helps you to make your internet purchases abroad without having an account or card and only online, and you don't have to worry about how to pay for it.

Today, in this system, about 36 million users in the world buy the goods they need in this way. Also, with the increase in the number of users, the facilities and services of this electronic money system will increase.

Types of web money wallets

As we said in the above paragraph, you need to specify your wallet type. You should know that, for example, if your wallet type is dollar type, you can no longer buy from a store whose currency is calculated in euros. The solution to this problem is that you should use WebMoney's unit conversion system. For this, we must first open another account and create the monetary units we want, then deposit them into another wallet.

The types of wallets of the Web Money payment system are as follows:

WMZ - US dollar wallet

WME- Euro Wallet of the European Union

WMR - Russian Federation ruble wallet

WMU- Ukrainian hryvnia wallet

WMB- Belarusian ruble wallet

WMS- the third wallet of Kyrgyzstan

WMY- the third wallet of Uzbekistan

WMV- Vietnamese dong wallet

WMX - Bitcoin wallet

WMG- Gold wallet

These wallets are separate from the Web Money ID (WMID), a specific currency number must be used to make the transfer.

It should be noted that in October 2017, registrations in the Web Money system were about 35 million accounts.

WebMoney fee

Remittances are made in the Web Money electronic money system with a fee of 0.8%. The money sender must pay this fee and the receiver does not need to pay the transaction fee. The transaction fee of Web Money is slightly higher than Perfect Money, but because it has more fans in Russia, it is considered a more standard and efficient system in this country.