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WebMoney 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. All transactions in the System are immediate and nonrefundable.
WebMoney provides its clients with various tools free of charge to assist in performing operations and transactions within the System: WM Keeper Classic — a standalone application, which can be dowloaded and then installed onto PC. Besides that there are WM Keeper Light and Keeper Mobile. 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.
The System supports several types of e-currency, secured by various resources and tangibles. Each e-currency has a dedicated electronic wallet, called a Purse. Each group of WM units is issued by a duly authorized company (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. |
