How to Transfer WebMoney

by Matthew Schieltz

WebMoney is an online e-currency payment service that allows you to transfer money to merchants and other individuals who hold a WebMoney account. WebMoney conducts its transactions through an system of "purses," which are accounts you hold in a specific e-currency. You can set up one purse each for storing U.S. dollars, Russian rubles, euros, gold and Ukrainian currency.

Register with WebMoney

1

Open your Internet browser and go to wmtransfer.com, the WebMoney homepage. Click the "Sign Up Now" button.

2

Click the "Choose" button next to either the WebMoney Keeper "Mini," "Classic" or "Light" application. The WebMoney Keeper Mini can be run from your Internet browser to transfer money, has monthly and daily transaction limits and is recommended for first-time users. The Keeper Classic requires downloading an application, but only supports Windows 2000 and 2003, XP and Vista. The Keeper Light has a higher security level and can be used with a mobile phone.

3

Type your personal data (e.g., full name) and contact information in the registration form. Click "Proceed." Confirm your personal details are correct on the next screen and click "Proceed" to go to the "E-mail Verification" page.

4

Check the e-mail address that you entered in the WebMoney registration form. Open the WebMoney "Registration" e-mail and copy the registration code in the e-mail. Go back to the WebMoney "E-mail Verification" screen and put the code in the "Specify the Code" box. Complete the mobile-phone verification step if you signed up for a "Classic" account that requires registration of a cell-phone number. Click "Proceed."

5

Type a password for your account in the spaces provided and click "OK" to complete the registration.

Setup and Fund WebMoney Purse

1

Click the "Create One" link in the "Purses" section of your WebMoney account.

2

Click the "Currency" drop-down menu and select the appropriate purse type for the currency you want to transfer. For example, select the "WMZ" purse if you want to transfer U.S. dollars.

3

Click the "I Accept" box to agree to WebMoney's "Terms of Use" agreement. Click the "Create" button to create the WebMoney Purse.

4

Click "Add Funds to the Purse" in the "You Can" section of your account. Click "Choose the Most Convenient Method to Add Funds" to open a new page and view options for funding your WebMoney purse.

5

Click the "Input Methods" option on the left side of the page corresponding to the purse-type you set up. For example, click "Input Method WMZ" to view funding methods for the "WMZ" purse.

6

Select the funding method you want to use and add funds to your purse. For example, click "Bank Wire" or "E-currency Exchange." Follow the on-screen steps for completing the money transfer to your WebMoney purse. For example, click the link to the secure WebMoney banking site if transferring via bank wire. For a bank wire, you have to pass "authorization" for your account, enter the amount you want to transfer, print, sign and then fax the agreement to WebMoney's financial team. If using an online e-currency exchange service, click the name of a service provider you want to use, sign up at the exchange website and buy a deposit for your WebMoney purse.

Transfer WebMoney

1

Sign into your WebMoney account. Or open the WebMoney Keeper Classic application on your computer if you signed up for a Classic account and downloaded the application.

2

Click "Send WebMoney" in your online WebMoney account. In the WebMoney Keeper Classic application, click the "Purses" tab. Right-click the WebMoney purse from which you want to send money and select the "Send WM" option.

3

Type the purse number of the account to which you want to transfer WebMoney. Type the amount you're sending and an optional description or comment. Click "OK" or "Send" to complete the transaction.

About the Author

Matthew Schieltz has been a freelance web writer since August 2006, and has experience writing a variety of informational articles, how-to guides, website and e-book content for organizations such as Demand Studios. Schieltz holds a Bachelor of Arts in psychology from Wright State University in Dayton, Ohio. He plans to pursue graduate school in clinical psychology.

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