The MuchBetter eWallet Makes Life Simpler
Although it was only launched in 2017, it has since become a popular payment method amongst many online gamblers around the world. If you use other e-wallet payment services such as PayPal or Skrill, then you will easily be able to get started using MuchBetter as it operates in a very similar way and is an online e-wallet.
If you want to know more about the MuchBetter payment system, how to get started using it, fees and time limits, then make sure to carry on reading for all the information you need to know.
MuchBetter is owned by MIR Limited UK ltd and the FCA regulate and license it, so you know that this is a company that you can trust. Alongside customer support that gets back to you within one hour during working hours, this is a trustworthy payment method that protects your sensitive information in its cloud and your account is paired with your phone. You can enable touch ID to make your account even safer. With this account you can also apply for a bank card to use with it and this is completely free of charge or a keyring device that allows contactless payments.
The Advantages and Disadvantages of MuchBetter
- Simple to use mobile app – MuchBetter makes transactions really easy through its mobile app that is available on both Android and iOS devices.
- Fast Deposits and Withdrawals – deposits made with this payment method are instant and withdrawals are instant too after the casino processing phase.
- No deposit and withdrawal fees – there are no deposit or withdrawal fees when using your MuchBetter account.
- Great customer support – MuchBetter states that its customer support team will reply to all emails within 1 hour during working hours.
- MuchBetter account withdrawal and deposit fees – To withdraw money from your MuchBetter account, you will have to pay up to 2.5% in bank transfer fees.
- Only suitable for mobile use – as you need to download the mobile app to use MuchBetter, it will not be a suitable payment option for those playing on desktop PCs or laptops.
More Casinos Accepting MuchBetter Payments
Banking with MuchBetter
Got a better idea now of how MuchBetter works? Here is a more in-depth look at what the key factors are of this payment option so you can make the correct choice on whether or not it is best for you.
Deposit and Withdrawal Times
What’s great about using MuchBetter is deposits made to an online casino are done instantly. All you need to do is give your account number and the payment will be authorised after confirming it through the app. If you are used to using other e-wallets, then you will have no trouble as this one is very similar.
Withdrawals through MuchBetter are just as easy and will be completed instantly after the online casino processing times. All you need again is to have your account number and approve the withdrawal through the app. You will also need to provide ID verification for the casino to check.
Ease of Opening an Account
Opening a MuchBetter account is super simple to do. First, you have to download the app and this is available on both the App Store and Google Play. You can then complete the registration process where you will be giving information such as your name, email, home address and mobile number. It is important to provide the correct phone number as this will become your account number on the app. You will also have to decide on a 4 digit passcode.
After doing this, you then must verify your account which can be done by sending a copy of your passport or ID electronically. If you do not verify your account, you will not be able to apply for a Mastercard, send money to another MuchBetter account or make any withdrawals, so it is definitely worth your time to do. Funding your account is also easy. You can choose to do so via a bank transfer or debit card.
When you are making deposits at an online casino using MuchBetter, there is no transaction fee. There is also no withdrawal fee applied by the payment method, but always check that the online casino does not apply their own fees for MuchBetter withdrawals.
There are fees, however, within your MuchBetter account. If you want to withdraw cash from your account via a SEPA bank transfer, it will cost you between 2% and 2.5%. It is free to transfer cash from your bank account to your MuchBetter account, but you may be hit with fees with other payment methods and there is a full list of these on their official website. For example, Visa or Mastercard transfers can incur fees up to 5%. Some payment methods charge up to a whopping 8%, so it is always worth checking this before making a payment if you are not doing so by bank transfer.
Our Final Thoughts
If you love to play online casino games via your mobile device, MuchBetter could be the perfect payment option for you. This is a safe and secure payment method that makes it quick and easy to deposit and withdraw from your online casino account. Players will also enjoy that everything can be done through the mobile app which makes it extremely convenient for busy people on the go. However, it is worth considering if this is the right option for you with the fees incurred for withdrawals out of your MuchBetter account to your bank account.