Learn more about the Digital Currencies
(WebMoney, ePassporte)

Basically all digital currencies are in fact “online payment systems” allowing you to transfer instantaneously some value to an individual or a company located anywhere in the world.  This transfer could be a simple gift or a payment for an object or a service that you want to get.

Main advantages:

• They are borderless.  A transfer can be sent to anyone in the world.
• Transfers are instantaneous, no waiting for checks to clear or credits to be made
• Transactions fees are lower than credit cards and banks.
• Payments are irrevocable.  So no chargeback anymore. "Get paid, stay paid" unlike credit card payments.

Who can use them?  Simply people who use money:

• e-commerce
• Business-to-business payments
• Point of service sales
• Person-to-person payments
• Payroll
• Bill payments
• Charitable donations

What is the main difference between digital currencies? 

The main difference between digital currencies is the way they are accounted.  Some are simply accounted in a specific national currency and some others are accounted in weight of metal like gold or silver. 

WebMoney

WM Transfer Ltd is the owner and administrator of WebMoney Transfer Online Payment System, established in 1998. The software is developed by JSC "Computing Forces", a company that also provides technical support and maintenance.

To join WebMoney, you need to install a Client Interface on your PC, PDA or mobile device, register with the System, accept its Terms of Use and receive WMID - your unique identification number, which will serve as your account number and identifier when using the System. The registration process also requires Verification. Every user should apply for and receive a WM Passport — an online document, supplied during registration, which serves to verify your personal data.

Every WM User earns points for his/her activity within the System. The summary of activity level, volume of transactions, positive or negative feedback from other users, and the number of active correspondents leads to the achievment of a certain Business Level (BL). BL status is shown next to the WMID in various System applications and services, and acts as an appraisal tool and confidence indicator.

Each group of WM units is issued by a Guarantee Agency (the Guarantor) - a separate entity, that stores and controls the currency release, fixes equivalent exchange rates, provides legal environment and defines rules and terms of use as per local legislation in force.

ePassporte