WebMoney Transfer is an international payment system and environment for doing business in the network, founded in 1998. During this time, more than 30 million people around the world have joined the system.
The WebMoney system provides services that allow you to keep records, exchange settlement funds, attract financing, resolve disputes and conclude secure transactions.
All transactions in the system are instant and irrevocable.
WebMoney technology is based on providing all participants of the System with unified interfaces for direct management of their property rights to valuables stored in specialized companies — Guarantors.
Participants have the opportunity to open the purses from any Guarantor. For convenience, the wallets of a single user are combined in a storage (keeper) that has the user's registration number — WMID.
The unit of measurement of property rights to valuables is The WebMoney title mark (WM) of the corresponding type.
To interact with the System participants, each participant provides the necessary information about their identity, which is verified and confirmed through the distributed WM certification service.
Based on operations with other participants to exchange property rights, the System calculates a public parameter for each participant – the Business Level.