WebMoney Keeper Classic

Used by 238 people for 109 hours, 57 minutes and 28 seconds

WebMoney is an electronic money and online payment system (transactions are conducted through WebMoney Transfer). WM Transfer Ltd, the owner and administrator of WebMoney Transfer Online Payment System, was founded in 1998 and is a legal corporate entity of Belize, Central America. Originally targeted mainly at Russian clients, it is now used world-wide. The company claims to have more than 2 million users.

Clients can use the system through downloaded software called "WM Keeper" or through a limited web client called "WM Keeper light". Signing up and receiving webmoney (known as "WM units") from other users is free; sending WM units to other accounts incurs a fee of 0.8%. Funds can be deposited into or withdrawn from webmoney accounts by money order, wire transfer, by conversion from other electronic currencies, or by cash transactions at authorized exchange offices; all of these incur various fees. It is also possible to purchase WM cards for $10-$100 in order to fund an account.

WebMoney transactions are safe because they do not require a credit card or bank account and immune against certain scams because they are final and cannot be retracted; this is similar to e-gold and cash and unlike credit card transactions and PayPal. It is therefore not possible to buy WM units online with a mere credit card or a paypal account.

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