WebMoney or WebMoney Transfer
is a popular electronic payment system that is not banking. Has more than 10 million registered participants.
For most, electronic payment systems are a world where they can easily deceive themselves, such organizations are incomprehensible. It is better to transfer the money in the old manner by bank transfer or through the savings bank.
Meanwhile, the growing popularity of electronic money around the world gives reason to assume that the consumer does get into their hands a reliable and convenient tool. One of these payment systems is Webmoney, the most popular in the CIS. In this article, we will examine the main myths about the operation of the system, which frighten users. Webmoney transfers information to third parties.
This is possible only on the official request of law enforcement agencies.
Translation into Webmoney is too expensive.
Quite the opposite! The rate for the transaction is fixed at 0.8% of the amount, but can not be less than 0.01WMZ and be greater than 50 WMZ. Compare with the rate of Western Union, which comes to 25%!
Translation into Webmoney is too long.
The translation itself is carried out in fractions of a second. If there was a delay in receiving money, then maybe this is due to the quality of the communication lines?
In case of fraud, there is nowhere to go.
In addition to technical support, there is also an Arbitration, which is precisely engaged in the consideration of issues related to fraud. In case of confirmation of the facts stated in the complaint, the system takes a number of steps – from blocking the account to closing the site, to which the complaint has been filed. There is also a blacklist in which users themselves leave complaints about unscrupulous partners.
Money Webmoney stored in the bank, if it bursts because of the crisis, then all the savings of users will be lost.
The system does not work as financial institutions. The agreement, which the user signs, contains the obligation of the Guarantor to redeem the title plates from the user, regardless of financial troubles. In fact, users do not work with money, but with signs.
The work of technical support is not controlled in any way.
In fact, all conversations are recorded, so you can file a complaint indicating the time of the conversation. By the way, technical support works around the clock.
The payment system Webmoney is simply illegal.
This myth arose as a merger of most of those misconceptions, which will be discussed below. When an ordinary person hears about electronic money, wallets and transfers, he immediately asks the question – is it legal? Today, Webmoney activities fully comply with the laws of any country. Many say that the law does not explicitly mention electronic money, and therefore such systems are illegal. This is a misconception. The fact that there is no corresponding provision simply makes the payment system adapt to what is, for example, the Civil Code. It is worth noting that Webmoney has never called itself a payment system, and its units – electronic currency. So says the people who simplify the essence, adjust it to their standards. In fact, Webmoney is a system of property rights that takes into account them with the help of title signs. To be easier to understand, you can compare this system with the tokens from the storage room. Tokens can be exchanged for other tokens, you can donate and so on. But the obligation for such title signs is already a luggage compartment, the tokens themselves do not replace the currency, but simply take into account who is who and what should. So the allegations of illegality are groundless, so it is not surprising if there are wallets of the Chinese yuan or other currencies.
The rare bookkeeper will be able to unravel the legal bundle associated with Webmoney.
It is believed that to ensure the legality Webmoney twisted around itself complex rules and legal nuances. Yes, not for every accountant, electronic checks are commonplace.But you can not stand still, in Europe, long ago, on the Internet, tax returns are submitted. So it is worth asking the accountant to figure out how to reflect the posting of WM in its reporting, the more so on this account there are clear recommendations of the system itself. The normal accountant himself will easily master all such subtleties, realizing that it is necessary for his professional growth. Today, a lot of businesses that trade online, and quite officially accept Webmoney. You can mention the online auction “Molotok.ru”, CJSC “Infosvyaz”, in Ukraine it is the largest online stores Rozetka, Matrix. And this list can be continued for a long time. As you can see, it is quite possible to conduct business using electronic currencies.
In Belarus Webmoney is prohibited.
Again, it is worth mentioning that the system can not be banned, since it does not contradict the laws. In reality, several exchange offices were closed in Belarus. I must say that such points are independent business projects that are not legally connected with Webmoney. How to conduct their activities, pay taxes – they decide themselves. And the fact that the exchangers somehow violate the legislation of their country, does not speak about violations of the payment system itself. If the exchanger works with a cash dollar, although the law establishes the licensing of such activities, then this is the problem of the point itself. In Belarus, a large number of exchangers successfully continue to work, which simply observe the laws.
With Webmoney it is very difficult to understand.
The existence of this myth discourages many people from using the system, although this is not true. Webmoney is indeed a complex tool, the possibilities of which lie far beyond just payments on the Internet. But the beauty is that the average user does not have to understand all the nuances of Webmoney. To work directly with payments, it’s enough just to install the client – Keeper and spend an hour of time to get acquainted with its basic capabilities. If you need more from the system – you can study the attestation, credit opportunities, security nuances, etc. If you accept WM on your site, then you have to dig even deeper, having studied the Merchant service, automation and so on. Much deeper are the opportunities for developers, publishers, writers. Buying household appliances, we first study the basic functions, sometimes without reaching complex twists. In fact, the system can face difficulties, but they are caused either by law enforcement or by the security of the system. In any case, the Webmoney support service will help to solve any problem that has arisen while working with the system.
Webmoney has security issues.
Often you have to hear about the poor security of the system, as the passwords of its users steal. So maybe the whole problem is on the user side? The system is protected exactly as much as each of its participants applies to this effort. If you leave the apartment door open, is it any wonder that the values will be gone? In fact, Webmoney is the most secure Internet payment system. The user is offered a choice of several tools for protection, only to decide whether to use them or not. But often people do not complicate their lives with activations and locks, but then complain about the weak security of the system, believing that it is Webmoney that should think for them in this environment. We will not enumerate all the possibilities, the Encyclopedia of Security was created for this. The basis of any computer security is the vigilance of the user himself, more often a leak is coming from him, rather than from electronic systems.
Webmoney will soon cease to exist.
Such a myth lives from the very beginning of the activity of this payment system.The fault of Webmoney is attributed to the absence of a banking license (which is needed, since there are no banking operations at all), the closure of investment funds (which by the way, violate the requirements of Webmoney, in fact are fraudulent). There are no signs of an immediate closure of Webmoney, the company is growing, the number of transactions is increasing, and the number of transactions is growing. Today, Webmoney is actively moving to Western markets, gaining new partners and guarantors. Did you immediately respond to Arbitration or Support? This does not mean that the system is beating in agony, it’s just worthwhile waiting a bit, since there is a lot of cases at the same time.
Webmoney is widely used by scammers.
Where there is a circulation of money, people will certainly appear who try to cash in on this. The popularity of the mail spawned spam, there were credit cards – there were also carders. But this does not mean that the system was created for intruders. The advantages of the system are initially used by unclean people, it’s enough to remember MLM pyramids in Russia, although in the USA this scheme works successfully, bringing people a stable income. Webmoney itself actively fights against those who try to use the system to commit illegal actions. To do this, the following options are introduced:
– the work of arbitration and the existence of a black-list;
– the requirement to provide passport data for some customers;
– control of large or suspicious transactions;
– control over “investment” funds;
– the signing by all participants of the “Agreement on Combating Illegal Trade”.
The implementation of such measures is aimed at ensuring the safety of the average user.
Webmoney is designed exclusively for small payments.
Many people do not believe that using this system you can pay for air tickets and buy equipment, since there is this myth. In fact, with the help of Webmoney it is possible to pay everywhere, where this system works. Mentioning the same micropayments, we can say that it is especially convenient to work with Webmoney in this sphere, since the commission for the transfer is not fixed, but depends solely on the amount. You can look at the statistics and see how the average transaction grew. If in 2001 it was 31 WMZ, in 2002 – 53, in 2003 – 56, now this amount has already exceeded 110, which, you will agree, is difficult to name micropayments. Webmoney is in offshore, its traces can not be found.
The developer of almost all Webmoney services in Russia is engaged in Computing forces. It is not terrible that the owner of the system is a foreign company WM Transfer Ltd, registered in Belize, in Central America. After all, management thus transfers intellectual property outside of Russia, where it will be easier to protect their rights if necessary. The guarantors are located where they are supposed to be – each in their own country. In Moscow there is a Russian guarantor, in Kiev – Ukrainian and so on. All addresses and phone numbers are available on the Webmoney website.