The Debt Service provides WebMoney System participants with the option of issuing and taking loans online on advantageous terms, bypassing intermediaries. All operations within Debt are conducted automatically with convenient options for issuance and repayment of microcredits. The Debt Service, which is free of charge, operates with the following currencies: Russian Ruble, WMR (available for citizens of the Russian Federation), Ukrainian Hryvnia, WMU (available for citizens of Ukraine) and American Dollar, WMZ.
To use the Service, a participant must have a Z, U or R purse and a WebMoney Passport of a formal or of an upper type. For conducting debt operations which require confirmation with SMS within the Service, a participant also must have a verified mobile number on record with their WebMoney Passport.
With Debt Service,
the WebMoney System
can borrow funds and
issue loans online
on advantageous terms
You can open trust limits only
for people you know.
The more contacts you have,
the higher amount in total
you can lend
within Debt are conducted
automatically in convenient
forms of issuance
and repayment of microcredits
The Debt Service is free of charge
One system participant
makes an offer to
another system participant
The other system
Purse number, maximum loan amount, credit term,
interest rate and repayment terms
Notice to the Creditor notified
The Borrower accepted the offer
The Borrower did not accept the offer
RECEIVING A LOAN VIA THE TRUST LIMIT
THE TRUST LIMIT HAS BEEN SET
for an amount double the value of the debt
the loan criteria
(the loan amount
The text of the Loan Agreement
Issuance of Borrower's debt obligations
Transfer Funds to the Borrower
The System verifies the credit limit of the Borrower
Notice to the Lender
Repayment of the principal amount of
the loan and interest
Transfer of funds
to the Lender
Repayment of the personal debt
obligations on the repaid amount
ALL PERSONAL OBLIGATIONS ARE SETTLED
На WMID Заемщика есть средства
WMID Заемщика блокируется(нет средств)
The Lender recovers the funds
from the Borrower's WMID
If funds are insufficient for the loan repayment,
the loan is covered
by trust limits of other Lenders
Resolving the situation in Court
Sale of the Borrower Obligations on the DEBT Market
THE LOAN HAS BEEN REPAID IN FULL
ALL OF THE BORROWER'S PERSONAL DEBT OBLIGATIONS ARE SETTLED
Using the Debt Service a Borrower can take a loan online quickly in three simple steps:
- Conduct their debt commitments on the Paymer website.
- Sign a Loan Agreement.
- Submit an application for a loan.
Frequent users of WebMoney Debt with TL of 15 or higher have an option of receiving an online loan automatically.
To become a Lender, you need to find an individual who would like to borrow funds. You can select a potential Borrower by checking their WebMoney Passport and the loan application in the “Loan Offers” menu. A Trust Limit is set for each Borrower individually at the discretion of a Lender. A Trust Limit determines the loan amount, the interest rate and the loan term. To enter into the contractual relationship with the Lender, the potential Borrower must accept the terms set within the Trust Limit.
A loan can be repaid either within the loan term set by the Trust Limit or ahead of schedule.
In the case when a loan issued online has not been fully settled from the purse to which the loan was issued, the outstanding difference towards the loan will be either withdrawn from other purses belonging to the Borrower or other Trust Limits will be used.
Issuance and repayment of monetary funds are conducted strictly within WebMoney Debt.
Transfer of funds online from one Keeper to another is not considered as a loan repayment.
Resolution of Disputes
There are a number of options for resolving a dispute when a Borrower does not repay the loan within the set term:
Before establishing the limits, read the recommendations to the lender!
- The overdue funds can be withdrawn from the Borrower`s current account or their other purses;
- The Borrower's other Trust Limits can be used towards repaying the loan;
- The debt can be settled with a Paymer cheque
- The Borrower's debt can be placed on WebMoney DebtMart Exchange (an automated service for trading promissory notes on un-repaid loans).