WME E-Currency (WebMoney Payment System)

WME is a purse within the WebMoney payment processing system. The purses in the system allow you to be able to keep money of different currencies in your account. This purse is in Euros. This is a useful currency to have access to because many countries use it. An exchange service is used to move money in and out of your account.

Features

Using a payment processor is preferred by many people for a slection of reasons. It is a safe way to pay money to other people. This is because the information is encrypted and there is no need to give out credit card details or bank details to multiple sources. It is also a way of changing currency which can be useful when you are dealing with people who do not have the same currency as you.

WebMoney allows you to hold money in different purses within your account of different currencies. WME refers to Euros and these canbe extremely useful to have. When dealing with customers or family members across Europe, it means that you will be able to send and receive money from them without having to worry about exchanging it afterwards.

Using the Purse

The WME purse is simple to use. Once you have a registered account with Webmoney then you will be able to hold purses of different currencies. You can then use it to receive or send payments. You can put money in or take it out and use it to pay for online goods and services or to send and receive money from friends and family.

How to Add Money

It is possible to add money to your WME purse by using a variety of methods. You can use Internet banking and put money in for free and will appear in your account instantly. You can use bank wire which has a 1% fee and could take a day. From a bank branch a transfer will be instant but it will have a fee of 2.5-3%. It is possible to use CONTACT and that will cost 2% but is instant. WM-note will cost 1-3% and will take place instantly. W<-Cards have a fee of 1-5% but are also instant. It is possible to also use Cash-In Terminals with a fee of 3-10% and electronic money with no fee as well as WebMoney exchange offices with a 0-4% fee all of which are instant. The instant transfers can take up to 30 minutes for the account details to appear.

How to Withdraw Money

There are several options for withdrawing money from your WebMoney account. Bank wire is a free way to withdraw from your WME purse and will take from one hour to one day for the money to be credited to your bank card or card account. It is also possible to use a WebMoney exchange office to make a withdrawal and this will have a fee from 1% but will be instant. You can also pay money in to a bank branch instantly with a fee of 2.5-3%. You can use a WebMoney card and transfer to that with a 1-2% fee instantaneously. It is also possible to move money to other electronic money accounts some with no fee and with an instant transfer rate.

History

It is possible to take a look at your purse history when you log in to your account. This means that you will be able to see what transactions have taken place in your account with records of the money that has gone in and come out again.

Uses

There are many different uses that the WME account can be used for. Whether you are an individual or a business, it can be very useful to have easy access to Euros.

Many people use the Internet to buy and sell goods and services these days. By using WebMoney, you need not let the fact that you do not live in the same country, be a problem you will be able to have access to money in many currencies.

Euros are used in many different countries across Europe. This means whether you have friends and family that you want to send money to, want to buy things from a country in Europe or to sell items in Europe.

If you have a website and want to allow customers from all over the world to buy things form you then the WebMoney WME currency could be extremely useful. You can use it on an ecommerce website and your customers do not even need a Webmoney account to be able to make payments through the system.

Charges

The charges for WME are 0.8% per transaction with a minimum of 0.01WM and maximum of 50WM. The agent may also take a commission and so this will need to be added on as well. For a credit transaction there is a fee of 0.1%. there may be fees for depositing money, depending on the agent that is used as these will vary. However, if you use wm.exchanger, prepaid WM card, E-currency exchange, Netto Processing terminals, online bank transfer, or Telcall terminals there is no charge by WebMoney. They do charge a fee of 2 Euros for bank wire and 0.5-1% for cash in bank offices. They also charge 0.5% for CONTACT transfers.

Safety

The data used by the payment processor s all encrypted which means that you money is kept as safe as possible. You will not have to reveal your credit card or bank details when you are making transactions, which means that you can be confident that no one can steal your details and use them to commit fraud. Many people are very worried about this and this is partly why payment processors like WebMoney are so popular.

Other Services

As well as providing a means of using money online, there are other services for those with a WME account. It is possible to take part in peer to peer lending nd borrowing. This means that you are able to borrow or lend money to other people who use the WebMoney system. You can specify how much, what interest rate and how long and then you will be matched up with someone who will be able to help you. This is could be a useful service for someone who needs money as well as someone who wants to invest.