Can I Create WebMoney Account without a Phone Number

Posted on 06/11/24 12:07 pm

What is WebMoney?
WebMoney is Russian software specializing in multi-currency money transfers and payments. You can store funds in this digital wallet and link it to your bank card/account. Created in 1998, it has been predominantly used in Eastern Europe. Its structure is unlike regular e-wallets.

WebMoney allows users to purchase "WM units" that they can convert into national currencies, allowing account holders to avoid excessive banking regulations. This brings certain benefits and features. In this piece, we’ll look at its features and explain how to use it without phone number confirmation.

What is WebMoney Feature-wise?

WebMoney is a fast and efficient payment method that uses advanced encryption and technology to ensure customer protection. To deal with WM units, it doesn’t rely on traditional fund-processing systems but instead uses third-party guarantors, which can be a point of concern for WebMoney account holders.

WebMoney features include:

No chargebacks, monthly, early termination fees, or PCI compliance commissions. The system charges a 1% fee for deposits; sending units costs 0.8% per operation, but with a minimum fee depending on the currency.
It supports Bitcoin, Dollars, Euros, Russian/Belorussian rubles, stock gold, and Vietnamese dong. For example, gold is represented by WMG, euro by WME, etc.
Smooth navigation with its user-friendly interface, making it easy to use.
The software is accessible on iOS/Android or via its website.
Transfer cash to your bank cards/accounts, Visa/MasterCard, Bitcoin, and other methods.
24/7 customer support and a wiki center, which increases the software’s usability and answers FAQs. It seems to have reliable protection, as each currency has a company guarantor that protects operations.

Why WebMoney is Profitable?

The service’s per-transaction fees vary but are low for each unit, which sets it apart from its competition and provides a reason to create a WebMoney account.

It may be a cost-effective alternative to apps like Qiwi, but you must be aware of several potential drawbacks:

Buying, sending, and cashing out units can be tricky, although WebMoney has guides for each process.
WM operations cannot be manually undone, and there is a limited time frame for setting up legal action if you get scammed and didn’t file the payment terms, leaving users vulnerable to fraud.
Despite being available 24/7, its support service may be slow and unhelpful when dealing with fraudsters.
It offers low commissions but poses a risk of money loss. It is unclear how the guarantors handle the system, as many users are unaware of these firms. Entrusting processing operations to third parties certainly raises concerns.

There have been no confirmed data leaks or lawsuits, but the app has a 3.4-star rating on Google Play, which provides insight into both WebMoney’s features and whether it’s worth using. If still interested, consider visiting the app and registering. However, registration requires a phone number. Below is the registration process.

Registration Process in WebMoney

To use all the features of WebMoney, you need to register. The registration process includes several verification stages, one of which is phone number confirmation by SMS.

In general, you should perform the following actions:

Selfie Confirmation.
Phone number verification.
Checking for existing accounts.
Password setup.
Accepting the Terms of Service to sign up for WebMoney.

You can verify your account with formal passport details to receive higher financial limits, withdrawal options, and access to system services.

The selfie is used to facilitate account recovery in case of lost access. The phone number helps restore access, find your user ID, and secure transactions with SMS verification. This is understandable, given that the company deals with large amounts of money, but some users may not agree to share their data and may look for workarounds.

A potential option is to buy a verified WebMoney account, but if mismatching is detected, they will ban you. A safer alternative is to replace your phone number with a virtual number. This technology is cloud-based, unconnected to any SIM, device, or software.

How to Create a WebMoney Account Without a Phone Number

Virtual numbers are regularly used for such purposes. They maintain web protection without losing convenience and can be used to sign up for WebMoney. Sadly, these numbers do not last forever, but their price is very low, and you can rent or buy them from various providers.

SMSOTPVERIFY offers this product for rental or purchase. We have numerous active numbers that accept national digits from 190+ countries and are valid for 1,000+ apps. Renting a number allows you to use it for up to 4 months (perfect for daily use), while purchasing a number provides a single-use number to receive a confirmation SMS.

How to Register a WebMoney Account Without a Phone Number

Here’s how to create a WebMoney account using SMSOTPVERIFY:

Open SMSOTPVERIFY.com and log in using your email or social network accounts.
Make a deposit on the “Top Up My Balance” page from the left side of the menu.
Select your country and the “WebMoney” service, then click the “Buy SMS” button.
Copy the phone number from the “History” section.
Use it during the WebMoney registration and wait for the verification code.
Go back to your profile and click “Receive SMS” to get the code.
Enter the code to complete your registration.

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