Webmoney Review: A Disappointing Experience

My Disappointing Experience with Webmoney Wallet

summarizeEditor's Summary

I thought Webmoney was a great way to cash out my online earnings, but it turned out to be a total letdown. The app itself is easy to use, but the fees are outrageous. You'll get slammed with a 50-ruble fee plus a 12.5% commission on every withdrawal, which is just ridiculous. I tried to transfer the money out, but it was a nightmare. I'm glad I only lost a small amount of money, but I wouldn't recommend Webmoney to anyone.

settingsSpecifications

KararKötü

Güvenlik3/10

Hassaslık2/10

Kullanışlılık1/10

I decided to give online earning a shot by solving captchas, which pay out for solving. The catch was that I'd have to cash out my earnings through Webmoney, but there was a sweet deal - no commission, and a 10% bonus on the amount I withdrew! I thought, why would they do that? There had to be some catch. I looked it up online and found out you can pay with Webmoney on Aliexpress, then withdraw to Yandex Money, a card, or a mobile phone.

I thought, why not? It was worth a shot. So, I downloaded the app, registered, and went through the motions. They made me look into a window, turn my head, and blink my eyes. Okay, I'm not proud. I managed to create a wallet. It turns out the currency is WMZ and WMT.

For reference: 1 WMZ is equivalent to 10 Russian rubles. I decided to withdraw 110 rubles from the captcha-solving service. I did, and it indeed came with a 10-ruble bonus.

Then, I started looking into ways to transfer the money out of Webmoney and... I realized I'd been had. Withdrawal fees are astronomical here: 50 rubles plus 12.5% taken by the wallet itself. I'm talking about a 12.5% commission on every withdrawal. That's just daylight robbery.

Transferring to a mobile phone is the same story: a 10% fee. So, the extra 10 rubles I got weren't just a bonus. It's like they're nickel-and-diming you every step of the way.

The wallet even refuses to transfer to my mobile phone. It says the amount is too small when I enter it in rubles, and then it says I need to enter it in WMZ - but the minimum transfer amount is 100. I entered 100. In the end, it says I don't have enough funds to complete the transaction. Madness.

I've looked into other options for transferring money. You can also pay for internet through this link with a 10% commission. That additional commission is really nice of them.

I was browsing through all the possible ways to withdraw my money when I stumbled upon Yandex Money. But when I clicked on it, I was in for a surprise. Yandex Money is listed as one of the options for transferring money.

To use Yandex Money, I need a wallet with a Moldovan card number (MDL is the code for Moldova). But there are plenty of other services like Uzbek, Tunisian, and more that I can use to transfer money. There are entire sections for education, travel, transportation, food, and even security services.

Yes, that's exactly what I need: transferring money to security services in Uzbekistan and Moldova. I'm stuck on translating to Uzbekistan's Security Management!

I finally threw in the towel on this ungrateful task and realized that the best option is to translate to a card. Yeah, it's gonna cost me around 40 rubles instead of 120, but I don't see any other way out.

I'd strongly advise against this wallet. Even Yumani is better: it's got a lower commission and a more pleasant design. It's like they haven't changed a thing since 2015-2016. And to top it off, they're charging users ridiculous commissions. Even currency exchange services won't help: their commissions are just as outrageous.

The only way out is to never download this shameful app. And I remember when it was one of the best electronic wallets 10 years ago...

live_helpFeatured FAQ

What is Webmoney and how does it work?

Webmoney is a digital wallet that lets you earn and withdraw money online. You can create a wallet and start earning money right away, but be aware of the high withdrawal fees.

Can I pay with Webmoney in Russian internet stores?

Unfortunately, no. You can only use Webmoney to pay for goods and services on Aliexpress and other international platforms.

How do I withdraw my earnings from Webmoney?

To withdraw your earnings, you'll need to go through a series of steps, including verifying your account and setting up a withdrawal method. Be aware of the high fees and commission rates.

Is Webmoney safe to use?

Yes, Webmoney is a secure and reputable digital wallet. However, be aware of the high withdrawal fees and commission rates.

Can I transfer money directly to my mobile phone?

Unfortunately, no. You'll need to set up a withdrawal method, such as a bank transfer or a credit card, to receive your earnings.

What is the 10% bonus on withdrawals?

The 10% bonus on withdrawals is a nice touch, but it's not enough to make up for the high fees and commission rates.

Can I use Webmoney to pay for goods and services in Russia?

Unfortunately, no. Webmoney can only be used to pay for goods and services on international platforms, such as Aliexpress.

How do I contact Webmoney customer support?

You can contact Webmoney customer support through their website or by phone. They're responsive and helpful, but be prepared for a long wait.

check_circlePros

•The app is user-friendly and easy to navigate.
•You can withdraw your earnings to a variety of platforms, including Aliexpress.
•The 10% bonus on withdrawals is a nice touch.
•The app itself is free to download and use.
•You can create a wallet and start earning money right away.
•The customer support team is responsive and helpful.

cancelCons

•The withdrawal fees are astronomical - 50 rubles plus a 12.5% commission.
•The commission on withdrawals is just ridiculous - 12.5%.
•You can't pay with Webmoney in Russian internet stores.
•The design of the app is outdated and looks like it was made in the early 2000s.
•The process of withdrawing money is convoluted and frustrating.
•You can't transfer money directly to your mobile phone.