Today in this article our honored clients will find out the complete details about WebMoney WMZ, PayPal and Skrill, and also how to select the best service to transact, withdraw and pay your payments, so that you could easily sign up and start using the services of online payment solutions in Pakistan.
WebMoney:
WebMoney is the most famous Russian based e-wallet, which can be used for settle down and withdrawal transactions on this podium and the other transactions as well using the Internet.
You can use the services of WebMoney for storing, sending, receiving money and for paying for goods online. WebMoney has a number of purses including WMZ in US Dollars, WME in Euro, WMR in Russian Ruble, WMU in Ukranian Hryvnia, WMB in Belarusian Ruble, etc and allows its users to keep money in different purses depending on what currency it is.
The WMZ is one of the ideal options to store the US dollars. WMZ purse is the part of the WebMoney Payment system that permits its users to move money in and out in US dollars. So, WebMoney WMZ is the best option to store money for the online transactions as compared to using the Credit Cards online, because there is always risk of using them online since someone could steal your information and use them to make fraudulent transactions.
WebMoney has a wide range of services and allows you to hold money in an account in a selection of different currencies, so you can make transactions on many different websites across the world without any problem. In WMZ account you can hold US dollars as they are the widely accepted currency in the world.
A large number of businesses and individuals are using the WMZ accounts in order to deal with the companies, online retailers and other organizations to pay that do not operate in the same country.
It’s an ideal option to have the WMZ accounts for businesses and individuals because it’s not possible to wire between banks based in different countries and cheques can take too long to process.
For the merchants it is beneficial to have a Web Money accounts on their websites and permit their clientele to pay for things and services using the WebMoney system.
On the other hand for the individuals this WMZ wallet is also useful to hold dollars so they can easily send the money to friends and family living abroad.
In order to avail the WMZ account you first need to register with the WebMoney and the then to put some money in the account in order to use it.
How to Add Money in WMZ Account?
For adding money into the WMZ account you need to select the different methods. You can use the WM card or a prepaid card and also can use the bank wire. To transfer money in using a bank wire you will require transferring at least WMZ 10,000 and have had your verified WebMoney passport.
On the other hand for using the WM card you need to simply follow the instructions given at the back of the card. You can purchase pre-paid cards at Paymer and Top-up service and you will have to follow their instructions in order to credit your account.
How to Withdraw Money from WMZ Account?
There are also some options to withdraw money from the WMZ account. For this you can avail the services of the authorized e-currency exchange services, you can use the CONTACT system, a WebMoney card and also can withdraw by Wire Transfer.
It takes 2 days if you go for the bank card, bank wire takes 1 hour to 1 day, on the other hand the WebMoney card and exchange services are fastidious.
Charges
Web Money has no weekly and monthly payment fees but it is charging on all payment processors including transactions and withdraws. The transactions have a 0.8% fee with a minimum of 0.01WMZ and maximum fee of 50WMZ.
WebMoney WMZ in Pakistan
There is no suitable method for the individuals to use the WebMoney WMZ wallet in Pakistan and to withdraw payment directly from Pakistani banks.
However, there are few options you can either use the services of authorized e-currency exchangers and can order WebMoney Visa card to withdraw payment in PKR from the ATM machine.
PayPal
PayPal is the fast and convenient way to transact and withdraw money across the world. This US based online payment solution started operating in 1999. PayPal services are available approximately in 190 countries but not in Pakistan.
The market dominance of PayPal is significantly incomparable, whether you are buying a product from any of the international online retailer like Amazon or eBay, donating to organizations, or simply carrying out transactions, it’s always been the first choice of people.
Despite the popularity PayPal is not the favorite choice of worlds’ gambling market.
PayPal Registration and Verification
You can register with PayPal freely and easily where it is operating. For this you need to register by providing your complete personal to banking information accurately. One you get registered it takes approx. 2 days to verify your account.
PayPal Transaction and Withdrawals Fees
PayPal is not deducting the deposited fee for the online casinos. On the other hand it is charging 3.4% of your total withdrawal along with 20p.
However, PayPal does not charge for transferring money between two or more accounts of same country.
Transaction Processing Times
PayPal processes transactions faster. You can withdraw you money instantly and in some conditions in two hours.
VIP and Extra Perks with PayPal
PayPal doesn’t offer any VIP loyalty Programme but they also have a perk by using their MasterCard. Whenever you use the PayPal MasterCard to make payments online you get points and can use these points for gift and prize cards, cash-back, goods and travel vouchers, car rentals, hotels, etc.
PayPal Service in Pakistan
This online merchant is not operating in Pakistan directly. If you are a freelancer and forex trader in Pakistan and have the PayPal currency of your work you can take the help of any authorized e-currency exchanger to convert your money in PKR and to cash out using the service of Bank Transfer, JazzCash, Easypaisa, UBL Omni, etc.
Skrill
Skrill, formally known as Moneybookers, had started operating in 2001 and its market dominance is undeniable.
It is the most dependable and faster payment transaction method operating across the globe and permits the users send and receive payments anytime anywhere by using its e-wallet. In your personal e-wallet you can transfer or receive skrill to skrill amounts, which an ideal choice instead of receiving cheque, money order or wire transfers.
It is also the most favorite electronic payments solutions of online casinos over PayPal. Skrill is widely accepted in the gambling world.
It is also the most famous online podium to deposit and withdraw payment in forex accounts.
Skrill Registration and Verification
Registering on Skrill is very easy and also free of cost. You just have to input your details including personal to banking information and then to hit the action button. You need to verify your account with Skrill, which takes only 24 hours to complete verification. In order to start the process of verification deposit is required on Skrill Account.
Skrill Transaction Fees and Withdrawals
Skrill also has the zero deposit fee but it is charging 4.9% of your total withdrawal, along with 1.45% when you transfer money between two or more accounts.
Transaction Processing Time
Skrill to Skrill transfers are instant whereas withdrawals to banks in some cases can take up to 24 hours.
Skrill VIP and Extra Perks
Skrill offers lots of VIP treatments and perks when you spend lots of money in ¼ year. With the VIP programme you will get special promotions, lower fees, 24/7 dedicated support with extra security.
Skrill is offering four VIP programme like under the Bronze programme you need to spend €6,000 while €15,000 activates the Silver programme, for activating the Gold programme you need to spend €45,000 and spending €90,000 will activate Diamond programme. With each of the programme you will get different perks.
Skrill in Pakistan
The services of Skrill are available in Pakistan. Pakistani freelancers and forex traders can easily transact and withdraw money online from their skrill accounts to their bank account, to their debit/credit card and JazzCash as well. The Skrill withdrawal fee with the other payment options is too high but if you use JazzCash account there is absolutely no fee and instant withdraws.
To withdraw your payment keep in mind that the Skrill account and your Jazz Cash Wallet must be registered on the same name.
Moreover you can also have the help of online e-currency exchangers in Pakistan In order to exchange the skrill currency at lowest possible fee and can transfer it to your bank account, to deposit it in your JazzCash and Eaisypaisa account and also can top up your mobile accounts.
Verifying Skrill Account With Out Deposit
In order to verify your account intial deposit of 10 USD or more is required but from digitalpaisa.pk you can create account on Skrill without any deposit. Customer just have to click on below link for account creation
Verdict
To sum up the comparison of WebMoney WMZ, PayPal and Skrill the decision only depends on your preference and needs entirely.
All these online payment platforms have their pros and cons. The pros and cons of these online payments podiums are mentioned throughout this article.
Since WebMoney and PayPal are not operating directly in Pakistan, and many Pakistanis use alternative payment processors to cash out payments which takes too long to process.
So, on the whole it can be said that the Skrill is one of those payment processor that many Pakistanis can use on daily basis to receive money online. Skrill is offering its services and lets the users to easily register and withdraw payments with bank transfer and also with JazzCash.
It’s totally up to you what you want, what is your need and preference, and pick the best between WebMoney, PayPal and Skrill.