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Using the Capitaller service

Capitaller is a web-service designed for a group of WebMoney Transfer users for managing your purses and the funds stored there. Participants of the Capitaller service can manage funds automatically by defining custom algorithms.
This service allows users to collectively manage purses using one WMID. The mechanism for doing this is called the Budget automation tool.
The user who initiates the creation of a Budget automation tool is called the Initiator. The Initiator assigns the Budget automation tool management rights to the other participants.
Budget automation tool participants divide into:

Budget Automation tool personnel - owners of WM IDs with a WM Passport on the initial passport or higher with access to manage one, several, or all purses of the Budget automation tool.

The Budget Automation tool Initiator - a participant of WebMoney Transfer who initiated the creation of the Budget automation tool. He must have a Personal passport.

The Budget Automation tool Administrator (or manager) - a participant of the WebMoney Transfer system with the highest level of management rights for the Budget Automation tool. He must have a Personal passport.

2 Capabilities of the Capitaller service.

Capitaller enables WebMoney participants to:

• create and adjust process-oriented and enterprise-level Budget Automation tools;
• define and keep track of incoming and outgoing payments;
• set up purses to maintain budget items and implement different funds distribution rules, including distribution of funds after a certain amount has been accumulated at the purse; pro rata distribution; distribution by dates or certain time intervals; etc.;
• appoint persons in charge of maintaining the budget items; controlling purses of the persons in charge; transferring the purses’ management credentials.
Only one Budget Automation tool may be registered per one WM Passport. Similarly, one passport cannot be used to manage multiple Budget Automation tools.

3 Basic principles and characteristics of the Capitaller service.

• External funds enter the "incoming payments purses."
• The funds from the "incoming payments purses" are distributed automatically, according to the defined algorithm to the outgoing payments purses, payments to personnel and the management fund.
• Purses for outgoing payments, payments to personnel and the management fund are created once during registration of the Budget automation tool.
• The Budget automation tool manager has access to the outgoing payments purses and payments to personnel.
• The fund management purse is managed through voting by the shareholders;
• The Administrator can create additional purses for payments, transactions between the Budget Automation tool users, and funds redistribution while assigning access rights to them for the personnel. The Administrator can also set up automatic payments.
• Shareholders can participate in managing the Budget automation tool through voting.
• When funds are transferred between purses, the Budget automation tool commission is not deducted since all Budget automation tool purses belong to one WMID. When funds are withdrawn, the regular WebMoney commission of 0.8% is deducted from the Budget automation tool.
• Shareholders can transfer, sell, or buy management shares at the Shareholder service site.

4 What you need to use Capitaller.

Legal persons and individual entrepreneurs who want to use the Capitaller service must:

1. Authorize a representative to register in the WebMoney Transfer system and receive a Personal passport. Personal passports are issued in person.
2. Create a Budget Automation tool in the Capitaller service. To initiate the creation of a Budget automation tool, a WebMoney Transfer participant must not be the initiator or manager of another active Budget automation tool. The Initiator must also not have any existing open credits in the WebMoney Transfer system.
(You can read more about creating a Budget automation tool in the Instructions section) .
3. Submit a set of necessary documents to the Verification Center (see list below).
4. On the Capitaller service site, upload digital copies of documents (by logging into Budget \ Attributes \ Upload additional documents) submitted to the Verification Center (see list below)
5. Contact an authorized company to make a contract for purchase-and-sale of electronic checks

Below is the list of documents you must submit to the Verification Center

If the documents are submitted personally by an authorized employee:
1. a copy of the extract from the Unified State Register of Legal Entities and the original for verification
2. a copy of the company’s certificate of registration with tax authorities and the original for verification
3. a letter of attorney for the authorized employee
4. a declaration on the company's letterhead

If the documents are sent by post:
1. a notarized copy of the extract from the Unified State Register of Legal Entities
2. a notarized copy of the company’s certificate of registration with tax authorities
3. a letter of attorney for the authorized employee
4. a declaration on the company's letterhead