MuchBetter is a young company with a stellar reputation, thanks to its top-notch banking services accessible all over the world. The multi-award-winning payment method is all about convenience coupled with lightning-quick, safe, and secure transactions, explaining its immense popularity over the few years the company has been in service. Its global status allows users to access the three most popular currencies globally – USD, EUR, and GBP. What’s more, users can convert currencies by contacting the MuchBetter support team.
Today, MuchBetter services are available in 185+ countries, and the provider has a customer base of around 150,000. The transactions volume has also been high, with one MuchBetter transaction processed every five (5) seconds, making it about 20,000 transactions daily, and ultimately, 7.3 million transactions in a year. It is also interesting to note that iGaming transactions are part of the figure from this data. Why is MuchBetter a payment method considered for online gaming? A couple of reasons exist, including the usual aspects of providing fast, safe, and low fees transactions. Read More
Additionally, MuchBetter offers an application for Android and iOS users, thus making it easy for mobile users to access the provider’s services. There is more. MuchBetter is also accessible offline through contactless cards on portable keychain fobs. It is interesting to note that MuchBetter issued over 40,000 NFC payment devices that included key fobs and smartwatch devices in its first year. Additionally, the company issued MasterCards in the north of 10,000 in the same year.
Finally, the payment method has a unique rewards program for its users, unlike other e-wallet options available globally. Users, including avid gamblers, will have a yearly MegaDraw tailored to reward loyalty. Whenever customers use the MuchBetter app, they will accrue MegaDraw points that serve as entries to the draw. For example, the provider aims to reward four (4) winners with €12,500 cash each in 2021.
Currently, there are over 120 merchant sites, including online casinos, partnering with MuchBetter. This is by far an impressive figure, and it gets better when big brands such as LeoVegas, Pokerstars, 888.com, Betway, and Lottoland, are among the crowd. And looking at the brands, it is evident that the method sides well with many players. It gets even better with the banking method accepting crypto users. As it stands, users with Bitcoins can fund their MuchBetter account through the coins.
As stated, MuchBetter is a young company with its wings spread fast. The company was founded in 2016 by MIR Limited UK Ltd. The minds behind MuchBetter had an objective to provide a 100% secure and enjoyable banking alternative for global customers. At the same time, the provider focused on catering to the younger generation’s interests in the design stage. And for this, the method factored in the use of mobile payment applications and wallets. This ensured that they did not need to carry physical wallets or cards to make a transaction but instead transact with their merchants through their smartphones. However, the provider also considered those willing to use their debit cards, thus providing an offline avenue.
For about five (5) years of its existence, MuchBetter has grown steadily, with several milestones accomplished along the way. It is made better by the many awards the banking method has scooped along the way, including:
MuchBetter has raked up numbers as it expands its market reach. Currently, the payment method is available in 185+ countries with offices in seven (7) countries and has had its services localized in 17 languages. Its main reasons for growth have been down to innovation and mobile technology. For example, its mobile app stores the secret 3-digit CVV code that changes every time customers use the app, making it impossible for people to use your stolen card online. Additionally, the app incorporates the touch ID (fingerprint) security feature, in addition to a transaction review system tailored to ensure legitimate transactions go through.
While MuchBetter debuted, other e-wallet methods existed that are still leaders in the online payment industry. They include PayPal, Neteller, and Skrill. Today, MuchBetter doesn’t sit where it started. Over the years, there has been immense growth, including partnerships with brands such as Casino.com and payment options like Giropay and Visa/MasterCard. Today, it is miles ahead, and one can only expect the method to develop further in the coming years.
The payment method is available at 120+ gaming sites spread all over, allowing online and offline gamblers to deposit and withdraw funds from their casinos. Every transaction will be instant, and while players expect low fees, they can be sure of safe and secure transactions with various security features in place. What’s more, the provider’s app is all about a modern but superb user experience with a fast and straightforward account creation process. Finally, MuchBetter gets much better with the guarantee of rewards from the provider and the gaming operators the company partners with.
Deposits via the method will be fast and instantaneous. Moreover, depositing is easy provided players meet every requirement for a successful MuchBetter transfer. For a start, a successful online transfer will involve the following:
Funding your MuchBetter account can be done via different payment options, including:
It is also essential for players to check the minimum and maximum transactional limits before depositing. Most deposits to the wallet will be at least £10, which applies to most casino operators. In many cases, there are no maximum deposit limits in casinos.
Below is a simplified deposit process:
Some forms of depositing will incur charges, while others will not. For example, depositing funds to your MuchBetter account will incur the following charges:
However, sending funds to a merchant will be free.
Withdrawals are also other services available through the method. One important point to note is that casinos require that users withdraw with the same option they used to deposit. In our case, players who make MuchBetter deposits should withdraw via the method. Secondly, financial laws in most countries call for KYC checks, which makes it a necessity for players to verify their accounts. Account verification requires submitting several documents to prove identity, address, and payment method. This explains why casinos may need utility bills, passports, driving licenses, identification cards, bank statements, etc.
The limits for withdrawals heavily rely on the casinos. For this reason, players should check with their operators to ensure they transact within limits. Most casinos place their minimum withdrawal amount between £10 and £20, while the maximum ranges between £5,000 and £10,000.
Like some deposit forms, some withdrawal forms will accrue some charges. Withdrawing funds from the casino to the wallet will not have fees charged by the method. However, some casinos may charge withdrawals from their end. Withdrawals made from the wallet via bank transfers will have a 0-5% fee charged, while those via crypto charge 2%. At the same time, withdrawals made via a MuchBetter card on an ATM will charge 0.99%.
Below is a simplified withdrawal process:
Unlike deposits, withdrawal speeds are not instant, factoring in the casino processing times. The casinos have to process and approve the withdrawal requests before releasing funds. In most cases, casinos take 24-48 hours for processing. After that, they release the funds, and players can expect them almost instantly.
Players will find a hub of bonuses whenever they deposit via the method. Besides the rewards tailored by the provider, there will be much at stake. And unlike other e-wallets such as Skrill and Neteller that have caveats placed on their deposits while claiming bonuses, it is rare to have a casino restricting MuchBetter deposits from claiming bonuses. Players will find most bonuses placed under the deposit bonus category, where the deposit made gets matched to a percentage in the range of 50% and 200%.
The standard bonuses at MuchBetter casinos are as follows:
Other bonuses are still available on these casinos, including reload bonus, refer-a-friend bonus, and loyalty programs. It remains crucial that every player adheres to the terms and conditions placed on each bonus. Among them include wagering requirements that specify the number of times the player should play through the bonus before the winnings accrued from the bonus are withdrawable. For example, fulfilling 50x wagering requirements on a £100 bonus should be 50 x 100 = £5,000.
The payment method works with around 120 gaming sites, which is impressive since its opens an avenue for players to enjoy a vast range of casino games. From games requiring high and low stakes, there is something for everyone on casinos accepting the method. We look at the popular casino games type on these casinos: