YooMoney

Why the payment system YooMoney?

Today, there is quite fierce competition in the market for electronic payments. One of the key positions is occupied by the system yoomoney which, after a recent rebranding and change of ownership, is now called YuMoneu. This service successfully competes with many payment systems, offers current services to users, including bank, virtual and multicurrency cards, instant payments, as well as cashback, the ability to use an e-wallet for payments or make payments through a purse with a card.

In addition, users can pay for goods, services, use YUMANI for business, fundraising.

The system guarantees apply to payments made through it, including payments for goods and services in online stores.

Among the additional advantages of using the system are a large number of options for top-up wallet, the ability to pay for services and goods on the Internet with a mobile application, the use of direct links to get money in the wallet, collecting donations from viewers. What is actually the payment system YooMoney? Is it a handy tool for doing business? Or is it just another big scam? Let’s answer these questions in a detailed review.

YooMoney for sports betting

A distinctive feature of YooMoney is its focus on the CIS countries. Therefore, many betting companies. As for the foreign companies, it is necessary to study the terms and conditions carefully before placing a bet. As for foreign companies, before making a bet, it is necessary to carefully study the conditions. After all, some of them allow you to accept funds from an electronic purse, but do not allow the same withdrawal of funds from the system.

YooMoney for buying/selling cryptocurrency

Popularity cryptocurrencies is growing every day. Predictions of experts in the field give bright prospects for earnings. Therefore, today it is quite easy to buy and sell cryptocurrency. In most cases, you will have to turn to an intermediary for this, because only a few payment systems allow you to buy cryptocurrency directly or store it in your accounts. In addition, buying cryptocurrency on the internal exchange of the payment system is not always as profitable as using an intermediary service (How to Make Money on Cryptocurrency?). As for ex: Yandex.Money, it is possible to use e-wallet for operations with cryptocurrencies only in exchangers, which are quite willing to accept funds from e-wallets of this system.

How do I use YooMoney to pay for goods and services?

The system is quite widespread in  the CIS countries, which allows it to be used to pay for goods and services in the network, as well as in offline stores. In the latter case, special cards can be used to make payments.

You can pay for services directly on the official website of the company yoomoney.ru/?lang=en. The list of payments includes the most popular services, including utility payments, payments for cell phones, Internet, television, travel, payments to online services, financial and credit organizations, as well as charity events and promotions.

How to register in the YooMoney?

The registration procedure in the system is quite simple. It is enough to enter data into a special form. You can register a wallet on the site yoomoney.ru/?lang=en and in the mobile app. To do this, the user specifies the e-mail address that is registered to his name, and also enters a cell phone number for communication. It should be noted that in order to get access to the full package of services, as well as to increase the limits on individual transactions, users need to go through the verification procedure and confirm the personal data.

When registering in the system, users are assigned the status “Anonymous”. It allows users whose registration region to keep money in their accounts and make payments. “Identified” status allows users to withdraw money and make transfers, pay for purchases, and collect money worldwide. The “Identified” status allows you to significantly increase your limits, store, pay, withdraw money in 11 currencies, and transfer funds to a bank account or card using Western Union and Unistream systems.

Account type

The YooMoney system offers a wide range of options for both individuals and entrepreneurs. Therefore, users can open a personal account or opt for the business option. The functionality available to clients also differs. For example, individuals can make payments, transfers, and fundraising operations.

While legal entities and self-employed can use an electronic wallet to receive transfers and funds, and additionally use statistics and reporting forms to analyze the financial situation and track the movement of funds. The ready-to-use Cashier module is compatible with numerous systems (CMS, SaaS, CRM) and suitable for frameworks.

How to pass verification in the YooMoney?

For residents of countries there is an opportunity to change the status through intermediaries. Currently, this service is available in Belarus, Uzbekistan, Georgia, Kazakhstan. It should be remembered that the services of intermediaries are paid, and the amount of payment for the services rendered is set by the agents.

During the status change, the user will have to fill out a small questionnaire, specify personal data, which the agent will enter in the general database, and then confirm the status change with a special code, which will be sent to the cell phone number specified during registration. In addition, users can be verified remotely by sending a package of necessary documents by mail. All copies of the documents must be notarized.

Deposit and withdrawal YooMoney

To top up an electronic wallet in the system yoomoney.ru/?lang=en you can use one of the most convenient ways. You can use a bank card, ATM, Internet banking, cell phone balance, electronic payment systems, transfers via bank details, cash when depositing through terminals and cash registers.

When depositing funds into an account, it is important to remember that, depending on the status assigned to the wallet owner, the amount that can be stored in the accounts is limited to certain limits. There are several ways to withdraw funds from the system. Users can transfer money from one wallet to another, use other electronic payment systems, bank accounts and cards, as well as get money in cash through ATMs and Western Union outlets.

Currency of operations

At the moment, users of the system have access to 11 major currencies, which can be kept in accounts, used in calculations, and withdrawn as cash. It should be noted that only after identification users can use other currencies: U.S. dollars, euros, tenge, pounds sterling, Chinese yuan, Japanese yen, Polish zloty, Swiss francs, Czech crowns. Multicurrency cards allow you to use different currencies to make payments.

YooMoney Commission

It is necessary to remember that when transferring money the system or intermediaries can charge a commission, which directly depends on the size of transfer and existing tariffs. For example, when replenishing a purse from a bank card you need to pay 1%, through Contact system – 1,5%. In some cases, the use of Internet banking allows you to avoid paying the fee.

YooMoney payment limits

Limits on cash transactions, as well as the presence of certain restrictions, are closely related to the status assigned to the user. For example, when using a purse anonymously, the user can spend no more than $150 at a time, with a linked card, 15 payments per day are available, and the total amount per month must not exceed $2,000.

The personal status allows you to increase the amount of a single payment up to $600, with a limit of 15 payments a day, and the total amount per month of $2,000 on the linked bank card. After identification, you may pay up to $2,500 from your wallet and $1000 from your card for a single payment, up to 15 payments per day, and not more than $2000 per month.

Restrictions on withdrawals YooMoney

As for withdrawing money from the system, it is necessary to take into account that there are limits for cashing out electronic money, the size of which depends on the status of the user. For example, the anonymous use of a purse does not allow transferring money to cards or withdrawing money from terminals. The named status gives the opportunity to cash out up to $50 at a time, and with the status “Identified”, the user gets the opportunity to withdraw from a purse the amount of $1000 at a time.

Bonuses from YooMoney

To encourage users in the system yoomoney.ru/?lang=en a cashback system has been developed. Bonuses can be received both in the form of points and $. In this case, the points are credited by the UMoney system itself, and the USD are paid by the partners. You can get points when you make payments with your e-wallet or UMoney card. Cashback in $ can be received when paying for purchases at partners of the system.

Random cashback

When you pay with your card or YooMoney Wallet, the payment goes to the bonus reel, spin it and get cashback up to 100%.

Cashback by category

Choose categories of goods and paying for purchases receive cashback up to 5% instantly to your card.

YooMoney Discounts

From the partners of the system you can get not only cashback, but also discounts of up to 60 on various purchases. It is also possible to participate in various games. For example, you can now earn bonus points by participating in the game Manilandia 2: A Space Odyssey.

Reviews about YooMoney

Despite the fact that YooMoney is now called YMoney, in fact, the payment system works in the market of financial services for more than a year, in the network you can find a lot of reviews of real clients about its work. It will not come as a surprise that there are positive and negative moments that have been noted by users while working with this payment system. It should be noted that the dissatisfaction is associated with the blockage of funds in the accounts, including when using anonymous wallets, with the low quality of support service, the presence of cases of fraud using the system. As for the positive points, the customers highlighted the ease of use, speed and reliability, the simplicity of the system, the ability to pay quickly and easily bills, purchases, services and goods.

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Regulation and license YooMoney

The relationship between the parties is regulated by law. Regulations and laws have already been developed for the system of electronic payments, as well as additional instructions that regulate the work in general and each company in particular. In addition, the system YooMoney created internal regulations, based on which the work with clients is carried out, and operations are performed. The study of this documentation allows you to get an idea of the capabilities of the system in general and the existing regulatory restrictions in particular, to analyze the advantages and disadvantages of its use, to assess the benefits.

License

With the rebranding, the company also changed ownership. It is now owned by LLC NKO UMani. The company operates in compliance with CIS regulations and holds a license from the Central Bank (License No. 3510-K).

User Agreement YooMoney

Before starting to use the payment system, as well as completing registration, it is necessary to carefully study the user agreement, which lists the main points regulating relations between the company and its clients. This information is freely available on the official site of the company. The first thing worth paying attention to is clause 4.1. which specifies the opportunities provided to users.

The need for identification is specified in paragraphs 4.5. and 4.6.

Responsibility for the operations is specified in paragraph 4.11.

Restrictions on access to the wallet are listed in paragraph 4.14.

The cases of blocking of funds on accounts are specified in paragraphs 4.15. and 4.16.

The restrictions that are associated with the use of YooMoney electronic wallet can be found in paragraph 4.21.8, for example, it states that:

In addition, there are separate restrictions related to the use of the wallet to finance occult-religious associations and political companies.

Information on methods and restrictions related to the provision of funds is set out in paragraph 5.3.1.

The procedure for depositing funds to the account in foreign currency is specified in clause 5.3.7.

About demanding the balance of the accounts is stated in paragraph 5.6.1.

About the refusal to execute operations is stated in paragraph 5.8.

The claims procedure is listed in clause 8.4.

The identification procedure is described in paragraph 9.2.

The company’s right to request additional information is stated in clause 10.1.7.

Customer Service

You can contact the company for information or problems in one of the following ways:

• Phone.
• Feedback form on the site.

Is the YooMoney a scam?

Based on the data collected on the official website, as well as freely available online, we can conclude that YuMoney – is not a scam. The payment system has been successfully operating in the CIS for many years and during this time has managed to prove itself as a reliable partner, which cooperates with major companies in the field of financial services, provides modern tools and quality products to users, allows you to do business and use the system in personal interests.

Specially for the convenience of users personal accounts were developed, which are available both on the computer and in the mobile application, which allows you to manage your own finances in any convenient place where there is an Internet connection. For business accounts a set of additional services was developed, which allow to conduct business efficiently, to offer clients a convenient system of settlements, to improve the quality of service. As an additional bonus, the UMoneu system offers the use of a cashback system, which is credited in the form of points and USD.

Conclusion

It should be noted that, despite the many pros and cons, the system has certain disadvantages, which are directly related to the security system, legal requirements, as well as the quality of customer service support, which is inevitable as the company grows. At the same time YuMoney provide clients with quite a wide range of opportunities for cash management and business operations.

For example, the system allows you to make payments, work with exchanges, bet on sports, collect money through direct wallet links, pay for purchases on the Internet, goods and services in reality using cards. This makes it a convenient and modern tool, which can be used with ease on a daily basis.