WebMoney Reviews

WebMoney Description

Established in 1998, WebMoney Transfer serves as a worldwide settlement platform and a comprehensive environment for conducting online commercial activities, attracting over 40 million users globally since its inception. The system provides a variety of tools enabling individuals to manage their finances effectively, secure funding, resolve conflicts, and execute safe transactions. WebMoney's technology is built on a framework of standardized interfaces that participants utilize to oversee their property rights, with the security of these assets ensured by specialized entities known as Guarantors. Users of the system are permitted to register multiple WM purses with any Guarantor they choose. All purses owned by a single user are conveniently consolidated within a Keeper associated with that user's WMID registration number. Within the WebMoney ecosystem, assets are quantified in WebMoney units (WM), ensuring a consistent measure of value. Furthermore, to facilitate internal interactions, all participants are mandated to submit personal information that undergoes verification through the Certification service, enhancing the overall security and trustworthiness of the system. This structured approach to online transactions fosters a reliable environment where users can confidently engage in various financial activities.