How and where to withdraw the e-currency?

What is the Internet for you? For sure most of Internet users reply without thinking that it is a source of information. Other part of audience says that it means unlimited conversation with friends and acquaintance with new people. For the third party the Internet is a way of self-actualization and run away from day-to-day problems. However there is a certain part of people who says without a moment’s hesitation that the Internet is a source of money for them. Actually more and more people direct to global net searching both main and additional gain. Popularity as well as quantity of links upon request “Earning on the Internet” grows up from moment to moment. So, for instance, upon request “Earning on the Internet” Yandex gave 19 millions of pages. The entire corporations have been created in the net which make money if not out of thin air but from binary codes and pixels. And frequently payment for such type of work is made with the same type of money consisting from pixels and codes and named as e-currency. But pigs might fly and digitals on the electronic account may convert to the crispy banknotes. Let’s try to look into this miracle.

But for a start it is necessary to examine our fosterlings. Undisputable leaders of payments in Runet are Webmoney and Yandex. Though it does not cost to forget about money on the accounts of such players as Moneymail.ru, Z-payment, RBKmoney and so on.

Thus, the first way for such converting which thinks of is an exchange office. No wonder! It is one of the easiest, effective and reliable means to get your spondulics as conventional and smooth to the touch notes. And if these notes even crunch it is a holiday and you may say that you have a lucky day. This method has a lot of pluses. Firstly it is comparatively fast. Depending on amount and some other significant factors procedure of getting money may take 1-3 days. For beginning let’s study what these factors are. As we have said before first of all it is amount. At withdrawing too large amount exchange office may request some data checking of which takes an inordinate length of time as well. Also in case of big amount delay may be resulted by the fact that sometimes there is no required amount of money in the exchange office. One more factor of no small importance is a day of the week. If the day when you want to withdraw your money is just before week-ends or some holidays your desired dream may be postponed on a couple of days as exchange office as well as any financial institution depends on bank activities.

For each pleasure one must pay and it is an unwritten fact. And for such pleasure as withdrawing of e-cash to real cash you have to fork out as well. Rates vary from one exchange office to another depending on amount and conditions of exchange. Averagely commission fee changes from 1% up to 10%. However it is worth to remind that too little amount is not withdrawn by exchange offices as well and in case of withdrawing of such little amount commission fee taken by exchange office is too big comparatively with the amount. So in many exchange offices minimal commission fee equals 2-3 dollars. And why is this method easy-to-use? Firstly it is cheaper, secondly it is faster, thirdly and foremost it is handy. Perhaps we may consider dealers as the same category. Dealers are the users concluded an agreement with the system and working as exchange offices.

The second way is bank transfer. Very likely it is the most reliable method among the other existing ones. But it is not the fastest. Withdraw of money through the bank takes averagely 3-5 working days. If you order withdrawing on Tuesday-Friday you have to wait for Saturday-Sunday. And naturally you should not forget about commission fee. Let’s have a look, for instance, at Yandex.Money which takes commission fee in amount of 3% (+ 15 rubles at money transfer) plus commission fee of the bank itself and in some cases commission of beneficiary bank. With Webmoney there is a little bit different situation as it uses several currencies. In case of rubles you may make transfer in any commercial bank or Sberbank paying only 0,8% of commission fee to the system. And this operation takes about one week. If you want to withdraw currency it will a little more difficult. It is possible to withdraw WMZ and WME to your currency account. Though it is enough expensive way because commission will be not less than $50 and this way is suitable only for withdrawing very large amounts of money. And in general commission on cashout of WMZ and WME equals 0,3% (but not less than 50 USD\55 EUR and not more than 200 USD\220 EUR) + 0,8% commission of the system. Moneymail collaborates with all banks but give preference to FINAM bank (Moscow) which grant different discounts to the users of Moneymail. But there is a nigger in the woodpile! The various payment system take minimal amount for withdrawing and if you do not have the required amount you are unlucky! You have to wait till you get the cherished amount or select another way to withdraw your money.

Also here you can get cash money from your account or withdraw it to plastic card pegged to the certain account. However in this case you have to pay some percentage from the plastic card itself.

But there may be no bank in the city and moreover exchange service. What can you do then? Webmoney provides such service as postal transfer since post offices are everywhere. Such type of transfer will come during 2 weeks and costs 2% from total amount plus 0.8% of system’s commission, and of course plus commission of post.

One more easy-to-use and non-expensive mean to turn virtual cash into real one is transfer system. As regards “handy” nobody argues but concerning non-expensive it is rather comparative and depends on transfer system and amount of money. The most popular means of currency cashout are Western Union, Contact, MoneyGram, Unistream. Transfers through Western Union and MoneyGram are made very fast and effective but a little bit costly since these systems are not ours in a manner of speaking. And “our” Contact and Unistream are very cozy. Commission within the country is total 2%. Though, transfer may come in a day.

In principle, one can always find easy-to-use way but seldom wants to do everything with maximum profit. For instance not to pay commission and if there is a necessity to pay minimal commission. And here the different forums have been appeared where you can exchange or withdraw these 10 dollars which do not reach the level of bank transfer and on which exchange offices and dealers look askance fastidiously. Entering any forum where they discuss problems of e-currencies you may always find notices with such phrases as “Sell WMZ, WMR, Yandex.Money and so on”. As a rule, the question is exactly about little amounts from 10 up to 200 dollars though sometimes you can see an offer on rather large amount. In such cases both seller and buyer make operations on the mutually beneficial conditions where the only commission will be a commission on internal transfer. But in this situation it is worth to be very careful as on these forums it is very easy to run up on swindlers. It is mandatory to use protection code and give it only when the money will be in your hands. The only minus of this cashout method is uncertain time of getting of your money. Very often there are times when no demand is on this currency or people are not interested exactly in your notice. And you may stay with your e-money for a long time.

There in principle are all ways to withdraw e-money to cash. But what can you do if you have currency which is likely “not ours”? In such case the best way is to use bank transfer or withdraw money to plastic card and after that to cash it out. If such option in the system is not available there is reason to go to the exchange office where you may withdraw your money from the virtual account to the real one for little payment. Or if you are real sadist you may try to change your spondulics to our funny money and then to cash our domestic funny money out.

And the last way to withdraw currency is not to withdraw it at all. If it is not question of a goodish sum of money it would be better to leave money in the Internet and if there is a need to spend it. In addition, you may buy something quite cheap as well as pay for phone, Internet, public utility services.

So as you can notice there are a great number of ways to withdraw e-currency in the off-line environment. Or in other words where there is money there is always a way to withdraw it…

Comments

dear sir,
i have74 dollars locked in egold is there a way to exchange it or make to good use
please let me know the method
srisailapathy.b.s.

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