Rules and procedures for listing and placing data about WM-exchange services at WebMoney Transfer sites

Information about your exchange service will be added to the list of our verified exchangers and at Megastock Catalogue (section Business and Finance, “Online E-Currencies Exchange”) and Geo Service only when it meets conditions and requirements, listed below:

1. The Site of the Exchange Agency should contain clear and relevant information as to exchange rates, fees, charges, exchange terms in a manner, that excludes any ambiguous interpretation of this information. All exchange operations should be performed as per published exchange rates and terms. Site should contain clear and exact customer procedures, which customers should use as guidelines when performing an exchange.

2. Exchange Service, exchanging WebMoney units to live currency and vice versa must check and keep passport details of the exchange operation participants (both cash-in and cash-out) and immediate provide these passport details upon the request of the WebMoney Arbitration Service. Passport details, including passport number, first and last names, WM-account details (WMID)and payment description should be taken and stored by the Service as well. If the WMID-Holder , performing an exchange and a cash receiver (owner) is the same person (for WM passports of formal level or higher), it is not necessary to store the passport data.

3. WM Exchange Agency that performs wire exchanges (in and out) should store all banking/payment details for each exchange transaction and provide this information immediately upon request from the WebMoney Transfer Arbitration Service. This information is to be stored by the Exchanger by means of including banking details (sender’s and beneficiary’s bank name and address (or Bank Identifier Code), account details) to the WM Invoice or payment description. If the mentioned banking details coincide with those, stipulated in the Passport, belonging to the WM-ID Holder (for WM passports of formal level or higher), it is not necessary to store the banking details.

4. The WM Exchanger, performing WM units exchange via money transmitting services (Western Union, MoneyGram, etc.) and vice versa should store full transaction details for each transaction and provide this information immediately upon request from the WebMoney Transfer Arbitration Service. These details are to be stored by the Exchanger, adding personal data (name and last name, mtcn code for WU or recipient’s and sender’s city, etc. ) into the WM Invoice or payment description.

5. WM-Exchanger, performing WM units exchange to fund bank cards (via various equiring or billing systems without using standard bank transfer) and vice versa should store full card holder and card details (first and last name, bank name, card type, number and other appropriate details if they are available), including payment details (first and last name, bank name, card type, number) into WM-Invoice or payment description.

6. IMPORTANT! WM-Exchanger performing WM units exchange to other electronic currency or internet payment systems (paypal, etc.) and vice versa MUST store full transaction details (system/currency name, account or e-wallet number, exchange direction, exchange amount) by means of the WebMoney Transfer System tools and should OBLIGATORY include this data into WM- Invoice or payment description.

7. Exchangers that work with WM should not exchange or advertise in any way (including placing links) financial or payment instruments, that do not ensure proper KYC procedures and customers identification for the purposes of fighting illicit trafficking, financial fraud, illegal proceeds and money laundering.

   The list of such systems includes

   • e-gold (e-gold.com)
   • e-bullion (e-bullion.com)
   • Pecunix (pecunix.com)
   • Liberty Reserve (libertyreserve.com)
   • c-gold (c-gold.com)
   • AlertPay (alertpay.com)
   • InoCard (ino.ru)
   • ICQMoney (icqmoney.ru)
   • Imoney UAH (imoney.com.ua)
   • UkrMoney (ukrmoney.com.ua)
   • DeltaKey (deltakey.ru)
   • V-Money (v-money.net)
   • PerfectMoney (perfectmoney.com)
   • AlterGold (www.altergold.com)
   • EasyPay (easypay.by/page2.htm)
       Aggregation for EasyPay.by is allowed
   • NN-Money (n-change.biz/cgi-bin/nnmoney/index.cgi)
   • Chebo Money (chebo.org, www.mod.vio.ru/nn_m.html)
   • LiqPAY (liqpay.com)
   
   

When adding funds into the System (when selling WM currency to the customers) via exchange options, listed in point 2, 3 and 4 of the given document the Exchanger is allowed not to collect and store data in cases, when exchange limit doesn’t exceed an equivalent of USD 2000 per 24 hours per one WMID.

WebMoney Transfer System leaves itself a right to refuse information and promo support (adding an exchanger to the Megastock Catalogue, exchangers listings, news posting) in case the Exchanger violates one or several rules or requirements, listed hereto.