Description of the electronic payment system WebMoney Transfer

On the 20th of November 1998 in the system WebMoney Transfer was made the first transaction which was reported in the press-release published on the 24th of November. And just that day — the 20th of November 1998 — should be considered as the beginning of the history of WebMoney. The owner and the administrator of the payment system is WM Transfer Ltd. The head office of the system is located in Moscow. The developer of the software as well as provider of technical support to the present day is JSC «Computing Forces». The interface of the website is available in Russian and in English. You can interact with the system via client application that should be installed onto your PC, PDA or some other mobile device as well as via your browser.

You can deposit WebMoney WMZ via our exchang service. You can buy WebMoney WMZ via money or bank transfers. It is also possible to exchange other e-currencies for WebMoney WMZ (to specify the details of exchange for WebMoney WMZ please contact our support).

Accordingly, depending on your technical opportunities, working conditions or personal wishes WebMoney provides you free tools allowing to interact with the system and make payments:
  • Keeper Classic is a separate software that should be installed onto user's PC with OS Windows.
  • Keeper Light is the web application that doesn't require client software to be installed onto user's computer. While working with Keeper Light the data is transmitted from user via browser through secured https-connection. The software can be used on any computer regardless the installed OS. WM Keeper Light is adapted to the following browsers: Konqueror, MacOS X Safari, Microsoft Internet Explorer, Mozilla Firefox, Netscape Browser, Opera, Safari.
  • Keeper Mobile is meant for interacting with WebMoney Transfer system using mobile devices.
  • Keeper Mini is made for convenience. It is designed as light website and is suitable for ordinary PC as well as for any mobile device or PDA. Username and password are required for registration and logging in.

Each WMID (WebMoney identifier which number consists of 12 figures) is characterized with some level of activity in WebMoney Transfer system. The indicator of this activity is called Business Level — BL. BL is the public aggregate characteristics descripting level of business activity of WM-identifier owner that is calculated according to the data about:
  • - duration of active using of WebMoney Transfer;
  • - number of the correspondents the user has made transactions with (sending the transfers as well as receiving them);
  • - amount of the funds transferred;
  • - complaints or positive testimonials about the user (the user can be blocked in the system if his/her BL drops to 0).
The maximum value of BL is 10,000. The value of BL is displayed in WM Keeper when you are working with specific contractor as well as on the web pages of system services. You can also check BL of your partner entering the number oh his purse or his WMID on the website of verification centre which is located at One more property of WMID is TL (Trust Level). TL informs about the amount of money secured by assets in the purses that is set by the other users of the system as the trust limit for your WMID. This indicator along with the passport and BL gives an idea about the solvency of your identifier.

WebMoney system supports several types of e-currency secured by various assets and stored onto corresponding electronic wallets

  • WMR — equivalent to Russian Roubles — RUR ( R-Purse);
  • WMZ — equivalent to US Dolars - USD (Z-Purse);
  • WME — equivalent to Euro - EUR (E-Purse);
  • WMU — equivalent to Ukrainian Hryvna - UAH (U-Purse);
  • WMG — equivalent of Gold (G-Purse);
  • WMC and WMD — WMZ equivalent for transactions on С- and D-purses.
The number of the purse consists of the letter denoting the type of the purse and 12 figures.

webmoney payment system

While transferring the money inside the system the operation can be made only between the purses of similar type. If you want to exchange different types of e-currency you can do it in automatic exchanger The emission of the specific type of e-currency with its subsequent redemption is carried out by the Garantor — the entity that stores and manages ensuring of emission, that sets the equivalent of exchange for the declared interests, that has posted on the website of the System and in WebMoney Keeper the offer of selling and buying e-currency of the ensured type, that provides relevant in law commercialization of ensured e-currency according to the legislation of the country of registration.
  • The Guarantor for WMR transactions is "WMR" Ltd.
  • The Guarantor for WMZ transactions is Amstar Holdings Limited.
  • The Guarantor for WME transactions is Netec Financial ltd.
  • The Guarantor for WMU transactions is "Ukrainian Guarantee Agency" LLC.
  • The Guarantor for WMG transactions is WM Metals FZE.

WebMoney Transfer supports the anonymity of payments that is at the discretion of the user. After the identification carried out by the system the user has the opportunity to obtain digital certificate composed by virtue of the information provided. Such certificate is called «passport». Level of the passport is the indicator of the degree up to which the user is identified in the system. Passports can be of the following levels:
  • - Alias passport is the passport issued to every member of the system by default, information about the user is not verified.
  • - Formal passport is the passport that can be issued only after submitting the personal data of the user. The user data won't be verified until there occurs the necessity of cashing WM e-currency.
  • - Initial passport can be issued after [personal data is verified by Personalisator (a member of Verification Centre affiliate pro gramme who possesses Personal passport). The procedure of obtaining Personal passport is not free of charge. The actual cost of issuing such type of passport is set by personalisator. Initial passport allows its holder to participate in the activities of Credit Exchange; the user holding such passport is granted the access to the operating budget robot Capitaller. The holders of such type of passport can make use of the simplified scheme of restoration the control over WM-identifier and a range of additional advantages.
  • - Personal passport is the passport issued by the Registrars (the members of Verification Centre affiliate programme, the holders of Registrar passport). The advantages of the Personal passport over the Initial one are the following:
    • * the holder of the Personal passport gains the status of the system consultant;
    • * the opportunity to post news on various websites of the System;
    • * participation in the the Verification Centre affiliate programme for issuing Initial passports;
    • * opportunity to resort to arbitration.
  • - Registrar passport — the highest level of the system user, that can be gained only after personal meeting with the representative of Verification Centre. In order to get the Registrar passport applicant has to make a civil law «Contract of agency» with the operator of WM Transfer Ltd and make a security deposit of 2,000 WMZ. The user certified as Registrar is a member of Verification Centre affiliate programme and is qualified to take part in the operating of Arbitration service as an arbiter.
    We've got Registrar passport and we issue initial and personal WebMoney passports in the city of Zaporizhzhya..

Security of working with WebMoney Transfer payment system

The security of making transactions in WebMoney Transfer system is ensured by whole range of measures. All the security tolls in WebMoney system are free and generally accessible. You can apply them separately as well as in complex. Many services of the system use certificates for data transmission with the secured SSL protocol. By installing such certificate you will be able to exchange the data with the system without fearing the data will be intercepted as the information is always encrypted before transmitting, the system implements encryption algorithms with keys longer than 1024 bits (RSA-like) and unique session keys. The system provides breaks-resistant connection. In Keeper Classic access to your purses is secured not only with passwords. Also in order to operate the keeper the user has to provide the key file and password for that file (that passport is required only once for activation of the key file on previously non-used equipment). You can generate you own key file, increase its size up to 100 Mb. Change its title and extension in order to prevent its stealing and using.
You can also use the following additional security measures:
  • set up an activation of the keeper on previously inactive equipment via e-mail;
  • configure the restriction of access to the purse from specific IP-address or addresses of some pool and look at the history of connections;
  • set up the confirmation of the transactions from the purse with captcha (the picture with figures that has to be typed in).
You can also secure the payment in WebMoney system setting up the time protection or the protection code for the transaction. In such case the money is transferred into the wallet of the recipient but he/she can't use them until the end of the protection period or until the protection code securing the transfer will have been entered. If the protection code hasn't been passed to the recipient or hasn't been entered by the recipient the money will be returned to the sender in time set by protection. If the protection code was entered incorrectly 7 times the funds are immediately returned to the sender. If time protection is set than the money won't be returned. Web Money Transfer system supports trust service that allows the counterparts to make security deposits onto the special trust WM-purse. The refunding is made only with the consent of all participants of trust. All transactions in the system are instant and nonrefundable. And that is the reason why you should in no case neglect aforementioned as well as general security measures i.e. installing on your PC the anti-virus software and firewall, appropriate configuration of Internet browser and some recommendations about working with external data sources — where you shouldn't enter and what you shouldn't do.


Buying, selling and exchange of WebMoney Transfer e-currency.
Transfers inside the system

Input of WebMoney Transfer e-currency
You can buy e-currency (deposit WebMoney purse) in our official exchanger UKRWM.COM:
  • >Transferring money to our bank account in one of the banks we are working with. You can see the rates for buying WebMoney via bank on our website or ask our support managers. It should be mentioned that we do not accept payments via Internet banking. You can send money to our bank account at bank cash desk. You should get our bank details from our support team.
  • >Sending us bank transfer. In order to buy WebMoney in our exchanger via bank transfer you should address our support team and get bank details for making the transfer. You can see the rates for buying WebMoney via bank transfer here.
  • >Via bank transfer to our bank details which you can get from our support. Bank transfer is received in 2-5 days after sending.
Withdrawing money from electronic payment system WebMoney Transfer:
  • >To bank card of one of the banks we are working with. You can learn about the rates of selling WebMoney via bank on our website or ask our support managers. The funds will be transferred to your card in 2 hours.
  • >Money transfer. You can see the rates of withdrawing WebMoney via money transfer here.
  • >Bank transfer. Bank transfer will be received in 2-5 day after sending.
Before buying or selling Webmoney you have to make an appropriate order on our website. If the transaction exceeds 1,000 USD you should also contact our support to learn about the funds available in our reserves. In order to increase the security level of the users on 15th of April 2010 the rules of depositing and withdrawing Webmoney via official exchangers were altered. You can also find additional information about these rules of WebMoney system on our website.

The rates. System fees

While transferring the funds inside the system the sender is charged the fee of 0.8 percents from the payment amount but not exceeding 50 WMZ or equivalent for other e-currency. If the transaction is made between single-type purses of one and the same WM-identifier or between WM-identifiers attached to one passport the fee is not charged. The holders of D-purses are charged for credit deals in the amount of 0.1% from the sum of each credit made. Deposits/withdrawals into/from the system are charged according to the effective rates of the agents.

If you urgently need WebMoney but you have no opportunity to buy them you can use one of the operating services of WebMoney Transfer system — Credit Exchange that gives the members of the system the opportunity to obtain and give credits in WebMoney. Also in order to make a loan you can use a loan service — the service that allows the user to loan the funds onto his/her purses to other members of the system.
The system also includes Paymer project that allows the holders of Personal and higher passports to issue Paymer cheques. The cheques are the digital obligations of the emitter to the holders of the cheque. The issue of the cheque costs 1% from the sum the cheque is issue for. The cheque is the combination of the unique number and code of the cheque. Paymer cheque data can be passed in any way available — over the Internet, via text messaging, on the paper.
Paymer cheque allows to carry out the following actions: you can change it for cheques of lower value, merge several cheques of one issue into one, learn about the solvency of the cheque and alter the code for Paymer cheque. All these operations are free of charge. The exchange of the cheque for values due to it (including the appropriate sum of WebMoney currency for cheques ensured by it) is called cheque encashment. Moreover there can be made part encashment of Paymer cheque — paying with the cheque not for the whole sum of obligation. The rest of the obligation on the cheque you can always liquidate to your WebMoney purse. In our service you can buy Paymer cheque for cash.

Pros and Cons of electronic payment system WebMoney Transfer

The Pros of the system are the following:
  • - very high level of system security and the variety of security measures;
  • - arbitration system;
  • - multicurrency ;
  • - internationality (you can interact with the system, deposit and withdraw money almost from any country of the world);
  • - versatility of interfaces (the system can be operated from PC, PDA, mobile devices);
  • - great variety of useful and interesting system projects.
The Cons of the system are:
  • - high demands to the security configurations
  • - difficulty of the access restoration system
  • - system interface requires user adaptation
WebMoney Transfer system is actively developing and often gladdens us by releasing more perfect versions of keeper, launching new projects and services.
Payment systems

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Бизнес уровень [BL]