Requirements for WME Purse owners (Natural Persons)
Please note that starting from 15.06.2021 new ID and Proof of Address requirements will come into force by the WME Guarantor. Full requirements
In accordance with the legislation of the European Union, the WME Guarantor applies the following requirements to owners of WME purses:
1. INFORMATION ABOUT PURSE OWNER AND AGE REQUIREMENTS
The WME purse owner must provide their full name, date of birth and registered (postal) address, including the country of residence.
The WME purse owner must be at least 18 years of age if they live within the European Economic Area (EEA) or in the United Kingdom or 14 years of age if they live outside of the European Economic Area provided that it is not contradictory to the law applied in their country of residence.
The EEA countries include: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, France, Germany, Gibraltar, Greece, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Hungary, Finland, Sweden.
2. PROHIBITED COUNTRIES AND REGIONS
The usage of a WME purse is not permitted for natural persons residing in the following countries and regions: Albania, American Samoa, Afghanistan, Barbados, Botswana, Burkina Faso, Cayman Islands, Vanuatu, Ghana, Guyana, Guam, Iran, Iraq, Cambodia, Crimea, Laos, Libya, Mali, Mauritania, Mauritius, Morocco, Myanmar, Nicaragua, Panama, Pakistan, North Korea, Northern Mariana Islands, Senegal, Somalia, Sudan, South Sudan , Syria, Jamaica, Yemen, Uganda, Zimbabwe, Ukraine and the United States.
3. APPLIED LIMITS AND DOCUMENT REQUIREMENTS
3.1. If the total amount of incoming transactions to WME purses belonging to the same passport has not exceeded 2,500 WME within one calendar year, the passport owner is not required to provide their identification documents.
3.2. If the total amount of incoming transactions to WME purses belonging to the same passport has exceeded 2,500 WME within one calendar year, the passport owner is required to provide the following identification documents:
- their valid citizen passport or another identification document;
- a document confirming their current residential address;
As proof of address, we accept scanned copies or photocopies of the following documents:
- Bank statements from your current account or a letter of reference from your bank;
- Utility bills (water, gas, electricity, landline phone);
- Certificate confirming internal residence permit issued by a statutory authority;
- A page of the passport confirming internal residence permit (“propiska”).
Please read carefully the requirements of documents confirming a residential address.
3.3. If the total amount of incoming transactions to WME purses belonging to one passport has exceeded 15,000 WME within one calendar year, the passport owner must provide documents confirming the source of funds.
Please read carefully the requirements of documents confirming the source of funds on WME purses.
Scanned copies or photocopies of the required documents should be uploaded to the WebMoney Passport website.
In the events that the WME purse owner does not comply with the listed requirements and/or a provided identification document has expired, the rights on the usage of WME by the owner may be restricted for both incoming and outgoing transactions (purses may be blocked).
The date on which these requirements entered into force - 15.07.2015.