WebMoney

Wiki

Verification

The WM-Certificate

Each user has a WM- certificate (or put simply a certificate) This digital item is verification of the user's identity and can be established on the basis of this personal digital certificate.

The technology behind WebMoney Transfer makes it possible for the owner of a WMID to independently verify their identity within the WebMoney system as one can verify a physical person or legal entity. In this case both physical persons and legal entities such as a corporation would identify themselves using specific legal data and provide copies of all corresponding documents. This is very similar to verification requested by a bank. It is inexpensive to set this up and the private information is only accessible by the WebMoney administration and the certification centre used in the process. Account holders send their documents to the certification centre of which there are many around the world.

Several WMIDs can be connected to one certificate. For greater detail see article several WMID to one certificate.