WebMoney.EU Offers A New European e-Money Solution

Once again WebMoney is on the cutting edge of digital finance. The company announced last week a successful launch of their new European electronic money system. This new digital product, offered through www.webmoney.eu, provides an advanced e-money transfer system which operates in accordance with strict European legislation. The new service delivers secure & convenient solutions for electronic money payments across all of Europe.

Offering much more than any standard online payment system, WebMoney.EU is composed of a wide network of interdependent businesses.  Included are e-money issuers, merchants, dealers, and entrepreneurs all operating under the regulatory framework of EU Member States. WebMoney.EU services provide payment logistical support, accounting, and processing for their network members.

By using the WebMoney Transfer™ technology, WebMoney.EU ensures that all consumers, merchants, and Issuers are supplied with advanced software along with the business and legal tools needed for instantaneous e-money transactions. WebMoney.EU also employs a sophisticated encryption technology which provides users with a safe environment for online shopping and business.

WebMoney.EU operates as an electronic version of money known as 'e-money' which is stored in digital WM Notes.  E-money is an electronic surrogate of cash. WM Notes can be used to shop online plus instantly transfer money to associates, friends & family.

WM Notes are very simple to use, cost-effective, and extremely reliable. Any note can be split once or multiple times. This division creates multiple smaller notes and the allocated value can be anything adding up to the previous total amount. Multiple smaller notes can also be merged into larger ones.

Operating through European regulations & standards, WebMoney.EU allows all European Union electronic money institutions, regardless of their size or capital, to issue and service e-money. WebMoney.EU accurately ensures that while engaged in daily e-commerce, all users of e-money (bearers) can quickly verify the authenticity of a WM Note at any time.

Using both mobile and Internet communications Webmoney.EU enables business merchants regardless of industry or market share, to accept electronic money as a secure form of payment. All transactions are immediate and non-reversible.

For merchants, WebMoney.EU offers outstanding software solutions. The package includes a simple-to-use Trade Interface which allows Internet commerce merchants to accept small sized cashless payments, provides for accurate cash flow accounting and makes completed transactions simple by providing for an easy exchange of WM Notes into regular money. The list of benefits for merchants includes:

• No charge back
• No set-up fees
• No monthly fees
• Low transaction fees (2% per transaction)
• Selection of Issuer is subject to merchant's preference

All of the tools and software which are needed to set up an online business are provided to each new business account at no cost. WM Notes open many new possibilities for consumers, businesses, and e-money issuers.

The First WM E-money Issuer

WM Notes are stored online and can be controlled by users via access codes. The first WM e-money Issuer is already up and running from Latvia. ELMI "Digital Money", SIA (Latvia) offers WM Notes for e-money denominated in Latvian Lats - LVL.LV1. Users can fund their WM Keeper wallets with LVL.LV1 using e-currency exchange services at EXCHANGE.LV. E-money operator, SIA "Digimoney" (Latvia), allows:

• Users access to the the extensive global network of WebMoney
• Electronic money institutions and banks (issuers) to issue and service their own e-money
• Merchants to sell goods and services in exchange for electronic money
• Dealers to sell and distribute electronic money.

For licensed financial institutions and banks, WebMoney.EU offers software solutions for the proper issuing, servicing, and the accounting of e-money. All WebMoney.EU products are issued within the applicable regulations and guidelines of EU Member States.

Using this software, Issuers can earn a profit by selling and servicing the e-money products. This software allows Issuers to avoid the considerable start up costs associated with the software development, technical support, and the maintenance of high-speed Internet channels. With this turnkey solution and comprehensive support provided at no additional cost, WebMoney.EU Issuers can concentrate their efforts on the marketing and distribution of this advanced financial product.

Issuer Benefits

• Income earned from WM Note transactions
• No monthly fees
• No set-up fees
• Access to a wide distribution network of dealers

WebMoney is continuously looking for new partners, such as e-money institutions, banks, merchants, and dealers. By becoming a WebMoney partner, your business gains access to a unique and growing European e-money marketplace. For more information please visit http://www.webmoney.EU.

Webmoney is the recognized global leader in private digital money transfer. For over ten years, Webmoney Transfer has been the forerunner in the creation of private electronic money systems.  This digital e-wallet services offers cost effective multi currency online payments products.