Online betting continues to evolve at a pace from in-play betting, to streaming, from cashing out to acca insurance and now to bet editing. Punters are learning new ways all the time to make the most of their betting experience but one thing that should not be underestimated is their security.

Traditionally, online punters tend to deposit betting funds via a debit card but increasing numbers of gamblers are looking at secure online money transfer sites such as PayPal or Skrill. Here though we look at using WebMoney for your online betting and list three bookmakers who now accept the payment method.

Betting sites that accept webmoney

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	Bet £10 and get £30 in free bets New online customers only, min £10/ €10 stake, win only, min odds 1/2, free bets paid as 3 X £10/€10, 30 day expiry, free bet/payment method/player/country restrictions apply.	£30	Bet now

Using WebMoney With William Hill

A minimum deposit of £10 is required when using WebMoney with William Hill, though a nice, low withdrawal minimum of £5 also applies. To make a deposit; simply click on the ‘deposit’ link and then select WebMoney as your chosen payment option. Type in your deposit amount and then click ‘deposit’.

William Hill’s withdrawals using WebMoney are simple too; click on the ‘my account’ link at the top of the screen and choose to ‘withdraw’. Enter your chosen withdrawal amount and click ‘process withdrawal. Your funs should be back in your WebMoney account within 24 hours.

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Using WebMoney With BWIN

Bwin have followed suit in making WebMoney transfers very easy for punters to fund their accounts. Simply go to their ‘cashier’ section and click ‘deposit’. Click next on the WebMoney icon, enter your chosen amount and click ‘deposit’. Extra security measures are imparted by WebMoney but once your chosen authentication has been completed, the funds will immediately hit your bwin account.

No extra fees are applied by the bookmaker. To withdraw funds back to your WebMoney account, go back to the cashier window and this time click ‘withdrawal’. Select the WebMoney icon, enter your chosen amount and click ‘withdraw’. Your funds will be released inside 24 hours.

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Using WebMoney With TitanBet

To fund your Titanbet account using WebMoney simply click on the cashier window and hit the WebMoney logo. Enter your chosen deposit amount and confirm your payment request. The deposit time will be instant having gone through your security protocols.

Withdrawals are done in much the same way. From the cashier page once again, click on the WebMoney icon, enter your withdrawal amount and click to confirm. In this case, your withdrawal amount could take up to three days to transact.

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What Is WebMoney?

WebMoney is essentially a global transfer system which allows online businesses and their customers to track funds and make secure payments. This sort of payment schedule has provided something entirely new to the banking sections of online betting firms in recent months.

The system uses technology which is based on ‘standardised interfaces’ and allows participants to use WebMoney to manage their valuables property rights. These ‘rights’ are kept safe by guarantors and so your money is always safe.

Just as in the case of PayPal, some gamblers prefer to use a third party to transfer money at a cost in order to keep it safe. WebMoney is offering an increasing number of gamblers this sort of security when joining online betting firms.

WebMoney takes into consideration all the contemporary security needs of online management systems, including online bookmakers, and sees ‘information verification’ as key to keeping security high. Three main authentication methods are:

Login and password

Files with secret keys

Personal digital certificates

Furthermore there are two ways of additional confirmation for transactions; sending an SMS verification code or using E-Num, a service for generating single-use passwords. Full details of what is required for a WebMoney account and how to use it to its maximum are available on the WM website.

How To Use WebMoney For Betting?

The use of WebMoney on betting sites has become very simple. Naturally you’ll need a WebMoney account before using the transfer system with your chosen bookmaker. Sign up at wmtransfer.com.

Once your account is live and authenticated, you will be required to add some funds to it. Simple credit or debit card transfers are the most popular way to do this, though you can use bank or wire transfer methods too.

With a fully funded and live WebMoney account ready to use, simply choose this payment method in the banking section of your chosen bookmaker as a safe and secure way of topping up your betting funds. Withdrawals from your betting account will of course be transferred into your WebMoney account.

What Are The Benefits Of Using WebMoney For Betting?

The Moscow-based settlement firm claim that their WebMoney system is more secure than other payment options and therefore a better option for online transactions to be completed. It cannot necessarily claim ease of use to be one of its strong points, given the rather complicated ‘units’ system and security protocols, but that is seen as the price paid to have better security overall.

As well as the secure element of the service though, WebMoney is essentially providing a bridge for the traditional, older betting shop punters who perhaps do not like to use credit and debit cards. WebMoney transactions do not require a credit card or even a bank account at all and are therefore an excellent way for otherwise alienated betting customers to join the online gambling forum.

WebMoney’s lauded security is provided on the system level. While performing transactions, the funds are either on the WM wallet of the sender or the WM wallet of the receiver. There is no middle-man and therefore it is essentially impossible to lose WM funds, ergo the claims of better security than other payment methods.

Although the initial set-up of your WebMoney account may be a bit of a pain frankly, one of the benefits for punters is the quick withdrawal time. Typically, funds once requested will leave your betting account and hit your WebMoney account well within 24 hours. Contrast this with big betting firms taking anything up to 4 days to complete your transfer to a debit card/bank account and you can see the benefits of the system.