Pros and cons of the Webmoney system

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2016-05-28 00:00:00:


In the world of electronic currencies, it is important to find an experienced "conductor" who can guarantee the comfort and safety of transactions, storage of funds, making payments, paying for services, and so on. One of these "guides" is the WebMoney system, the pioneer of the Russian-speaking sector of online money transfer systems. What are the pros and cons of Webmoney? How does the system work? What points should users pay attention to?

 

The essence and goals of Webmoney

From the first days of its appearance, Webmoney was positioned as an international system for making settlements and simplifying the process of organizing a business on the network. The system was founded in 1998. The advantages of Webmoney and the focus of its creators on results have led to an increase in the popularity of the payment system and a steady growth in the number of users. Today the number of people who have joined WebMoney is more than 30 million people.

Due to the fact that the disadvantages of Webmoney are analyzed and eliminated by developers, the service develops, new features are added, and the level of security is increased. Clients of the system have access to the exchange of settlement funds, accounting, attracting additional financing, conducting secure transactions, organizing transactions. All transactions that are carried out on the network cannot be recalled and are carried out instantly.

Members of the service get the opportunity to open wallets with various Guarantors. At the same time, all storages are located in one program - Keeper, which simplifies the process of using the system and guarantees the protection of funds.

Money is measured in title units (WM), and each user receives a personal WMID. To fully use the system, you must enter your personal data, go through the verification and wait for confirmation. Based on the results of the check, a certificate is assigned, which opens up additional opportunities.

In the future, the more transactions the user carries out and the higher the number of counterparties, the faster the business level increases. According to this parameter, one can judge the reliability of the holder of funds and his solvency.

 

Positive and negative aspects of using the Webmoney payment system

Like any payment system, Webmoney has pros and cons to be aware of.

  • Benefits:

- High level of security. The system has been working for a long time, which allowed it to reliably protect against existing types of threats. Throughout its existence, there have been no serious complaints about WebMoney, and the history of the system does not know any serious hacks by hackers. The developers have provided several levels of protection that eliminate the risk of fraud and guarantee security. In addition, the wallet can be rigidly linked to a phone number and enable operations with confirmation via SMS.

- Popularity. An important plus of Webmoney is the popularity of the payment system among the masses. This service is recognized by almost all existing providers, online stores and other services. In addition, there are many options for depositing and withdrawing funds. Hundreds of exchange offices open access for transferring funds to any system of interest, be it Qiwi, Yandex.Money and others. There are no problems with replenishing the wallet or withdrawing funds to the bank card. All this creates comfort for the users of the service and makes them give preference to this system.

- Variety of currencies. Unlike a number of other systems, Webmoney is not limited to the ruble only. Each user can keep dozens of different wallets in storage, each of which will have its own currency - dollars, hryvnia, rubles, euros and other monetary units.

- Availability of the certification system. As mentioned above, each user in the system has their own business layer. This reduces the risk of fraud. In addition, a certain contribution is made by the certification system, which forces users to disclose and confirm their personal data (many, of course, believe that this is a minus of Webmoney).

- Availability of information. Finding information about the Webmoney system, the peculiarities of creating a wallet, establishing a passport and other actions in the system is not difficult. As a result, most of the users are aware of how to properly work with the wallet and what security measures to take.

- Access to loans. Experienced participants in the system have access to credit funds. The advantages are obvious - there is no need to collect a large package of papers, wait for bank approval, visit branches and so on. The loan process takes no more than a few minutes. The only problem is the high interest rates that you have to put up with.

- Convenience of work. All actions with money can be carried out through a special program. In this case, you do not need to enter the browser.

  • Disadvantages. But the advantages of Webmoney are not the only thing a user should know about. There are also several "fly in the ointment" in the system:

- Lack of direct exchange. Conducting exchange transactions through numerous services is not difficult, but the possibility of direct exchange is not always provided. This creates inconvenience for users and makes them overpay on commissions.

- The administration is omnipotent. More and more often, there are complaints from customers of the service about the permissiveness of the administration, which can block the wallet without bothering to explain the reasons. On the other hand, 90% of locks are justified and aimed at the safety of other users. In case of blocking, you should immediately contact support and find out the reason for such harsh measures.

- Ban on participation in various HYIP programs. Rather, it is both a plus and a minus of Webmoney. On the one hand, the possibilities of users are limited, and on the other, there is reliable protection for beginners who are drawn to participate in dubious events. Here, access to pyramids and other illegal programs is immediately closed.

- Obligatory certification. You can not even dream of privacy here. Many consider this disadvantage of Webmoney as one of the main ones. On the other hand, recently more and more payment systems make identification mandatory for their customers. So the need to enter personal data and verify it is no longer surprising. The only risk is that personal data is transferred to the wrong hands. However, there is no guarantee that they will be disposed of only for their intended purpose.

- Binding to a computer. Modern payment systems are trying to make services available to users at any time and from any computer. This option will not work here. To get to money from another PC, you need to have a wallet file, a program and know two passwords (to the program and the file itself). Of course, you can perform the necessary operations through the browser, but this is not always convenient.

Thus, the advantages of Webmoney outweigh the negative qualities of the system, which allows the service to stay “afloat”. On the other hand, I would like a more loyal attitude from the administration and transparency in blocking funds on the wallet. Otherwise, the service meets modern requirements and fully satisfies in terms of security.