WebMoney starts processing Bitcoins - page 3.

arsenische

legendary

Activity: 1199

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Quote from: lexxus on May 16, 2013, 04:00:16 PM

Quote from: fr33d0miz3r on May 16, 2013, 12:23:01 PM

Quote from: arsenische on May 16, 2013, 12:16:17 PM

Are Webmoney transactions reversible?

I thnik yes because they have their own arbitration system: https://arbitrage.wmtransfer.com/asp/default.asp

Generally, they are not.

Wikipedia says:

Quote

WebMoney transactions do not require a credit card or bank account, are final, and cannot be retracted. This is similar to Bitcoin, e-gold and cash and in contrast to credit card and PayPal transactions.

fr33d0miz3r

hero member

Activity: 518

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They can block your webmoney wallet if they receive lots of scam reports.
And if your conflict is over, they will unlock your wallet.

By the way, I usually deposit my Skype account with webmoney WMZ Wink

And I have a debit card attached to my WM wallet, so I can withdraw and deposit money instantly. It's very comfortable.

lexxus

sr. member

Activity: 309

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Quote from: fr33d0miz3r on May 16, 2013, 12:23:01 PM

Quote from: arsenische on May 16, 2013, 12:16:17 PM

Are Webmoney transactions reversible?

I thnik yes because they have their own arbitration system: https://arbitrage.wmtransfer.com/asp/default.asp

Generally, they are not.
You can get your account blocked by arbitration system for scam or get a decision that you should reimburse to your customer. But it's nothing like chargeback in PayPal. So it's more like an online judge to resolve conflicts

lucif

sr. member

Activity: 462

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Clown prophet

When the Feds shut a Window, Russia opens a door!

http://www.thegenesisblock.com/bitcoin-access-expanded-to-over-11-million-users-of-webmoney/

fr33d0miz3r

hero member

Activity: 518

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Quote from: arsenische on May 16, 2013, 12:16:17 PM

Are Webmoney transactions reversible?

I thnik yes because they have their own arbitration system: https://arbitrage.wmtransfer.com/asp/default.asp

arsenische

legendary

Activity: 1199

Merit: 1012

Quote from: fitty on May 16, 2013, 11:29:11 AM

It's a Russian paypal. Accepted at the types of places Paypal is. Given that, it's not terribly useful for Americans.

Are Webmoney transactions reversible?

fr33d0miz3r

hero member

Activity: 518

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Here is the list of places where you can deposit/withdraw your Webmoney.
http://geo.webmoney.ru/wmobjects/default.aspx?lang=en

fitty

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Quote from: BTC Books on May 16, 2013, 11:35:33 AM

Quote from: fitty on May 16, 2013, 11:29:11 AM

Quote from: BTC Books on May 16, 2013, 11:16:00 AM

Let's back up a little. This is not a "somewhat complicated" system - this is a very complicated system.

Very little reason for you to use it. It's an e-wallet. Used mostly in Russia. To buy things online, in Russia.

It's a Russian paypal. Accepted at the types of places Paypal is. Given that, it's not terribly useful for Americans.

Yes. Seems like.

Although accepting bitcoin might change that a bit.

It's still great news. One of the oldest e-wallets, started in 1998. 11 million users. Huge in Russia. While not as big as if Paypal integrated Bitcoin, it's still up there. The fact it's non-usa, it's probably a good thing too. =)

BTC Books

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Quote from: fitty on May 16, 2013, 11:29:11 AM

Quote from: BTC Books on May 16, 2013, 11:16:00 AM

Let's back up a little. This is not a "somewhat complicated" system - this is a very complicated system.

Very little reason for you to use it. It's an e-wallet. Used mostly in Russia. To buy things online, in Russia.

It's a Russian paypal. Accepted at the types of places Paypal is. Given that, it's not terribly useful for Americans.

Yes. Seems like.

Although accepting bitcoin might change that a bit.

lucif

sr. member

Activity: 462

Merit: 250

Clown prophet

The most positive thing in this is that a professional player comes into Bitcoin.

I don't like that amateur anime cards trading companies like gox without any kind of responsibility.

fitty

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Quote from: BTC Books on May 16, 2013, 11:16:00 AM

Let's back up a little. This is not a "somewhat complicated" system - this is a very complicated system.

Very little reason for you to use it. It's an e-wallet. Used mostly in Russia. To buy things online, in Russia.

It's a Russian paypal. Accepted at the types of places Paypal is. Given that, it's not terribly useful for Americans.

lucif

sr. member

Activity: 462

Merit: 250

Clown prophet

Quote from: BTC Books on May 16, 2013, 11:16:00 AM

Let's back up a little. This is not a "somewhat complicated" system - this is a very complicated system.

So I can put bitcoin in. It becomes WMX.

I can trade it against WMZ (USD) or WME (Euro).

What can I get out, and how? Do I have to take out only what I put in (bitcoin), or can I get out any currency that I have traded for - and, if so, how? SEPA?

Of course my big question, being in the U.S., is can I use a VPN with a European exit node or Tor, and deal through a Euro account in the EU? Not much point in learning the system if I can't...

Anyone have those answers?

WMX is just an another Webmoney currency 1 WMX= 1mBTC. You can do with it whatever you want in terms of TOS. You can find a man with WMZ and do an exchange your WMX to his WMZ. You can open your own exchange WMX <=> WMZ. You can buy goods and services with WMX. And so on.

Its like a paypal announced they opened purses denominated in BTC (like they have in GBP,USD,EUR).

giantdragon

legendary

Activity: 1582

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Quote from: BTC Books on May 16, 2013, 11:16:00 AM

What can I get out, and how?

In countries where WebMoney is popular you can easily find an exchange and receive money on you local bank account or even get cash (semi)anonymously.

Quote from: BTC Books on May 16, 2013, 11:16:00 AM

Of course my big question, being in the U.S., is can I use a VPN with a European exit node or Tor

It is not easy, they require phone number verification.

BTC Books

member

Activity: 84

Merit: 10

Let's back up a little. This is not a "somewhat complicated" system - this is a very complicated system.

So I can put bitcoin in. It becomes WMX.

I can trade it against WMZ (USD) or WME (Euro).

What can I get out, and how? Do I have to take out only what I put in (bitcoin), or can I get out any currency that I have traded for - and, if so, how? SEPA?

Of course my big question, being in the U.S., is can I use a VPN with a European exit node or Tor, and deal through a Euro account in the EU? Not much point in learning the system if I can't...

Anyone have those answers?

lexxus

sr. member

Activity: 309

Merit: 250

There is currently a huge number of currency exchanges from/to Webmoney. And it's very competitive thus fees are low.
So it's a great news for Russia and CIS bitcoiners.

giantdragon

legendary

Activity: 1582

Merit: 1002

WebMoney is most the popular e-money system in Russia and some other Eastern European countries.
Good news for Bitcoin!

Vicus

hero member

Activity: 798

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Quote from: lucif on May 16, 2013, 11:03:29 AM

Quote from: Dargumin on May 16, 2013, 10:44:46 AM

OK so I'm in the UK and buying into bitcoin seems easiest by using localbitcoins or bitbargain. However cashing out of bitcoin seems less straightforward. Am I correct in thinking with the aid of WebMoney I could take my money to an online casino/poker site and then withdraw it from there?

You can put Bitcoin directly to your WMX purse or withdraw Bitcoin from there.

You can exchange WMX to any of WMZ/WME/etc and back.

You can pay/accept WMX for not blacklisted in WM Transfer TOS goods and services.

You can not use any of Webmoney title units to play gambling, it is prohibited activity.

And you can use Webmoney Escrow

https://escrow.webmoney.ru/about.aspx

lucif

sr. member

Activity: 462

Merit: 250

Clown prophet

Quote from: Dargumin on May 16, 2013, 10:44:46 AM

OK so I'm in the UK and buying into bitcoin seems easiest by using localbitcoins or bitbargain. However cashing out of bitcoin seems less straightforward. Am I correct in thinking with the aid of WebMoney I could take my money to an online casino/poker site and then withdraw it from there?

You can put Bitcoin directly to your WMX purse or withdraw Bitcoin from there.

You can exchange WMX to any of WMZ/WME/etc and back.

You can pay/accept WMX for not blacklisted in WM Transfer TOS goods and services.

You can not use any of Webmoney title units to play gambling, it is prohibited activity.

Dargumin

member

Activity: 107

Merit: 10

OK so I'm in the UK and buying into bitcoin seems easiest by using localbitcoins or bitbargain. However cashing out of bitcoin seems less straightforward. Am I correct in thinking with the aid of WebMoney I could take my money to an online casino/poker site and then withdraw it from there?

lucif

sr. member

Activity: 462

Merit: 250

Clown prophet

Quote from: arsenische on May 16, 2013, 10:04:22 AM

And their transfer fees are low.

0.8%

Topic: WebMoney starts processing Bitcoins - page 3. (Read 19284 times)