Overview
MuchBetter is a multi-award-winning digital wallet, which was introduced back in 2016 to provide a truly secure banking alternative for customers from all over the globe. The company has significantly expanded its foothold since its establishment, as today, MuchBetter is available in more than 180 countries. The e-wallet is accessible in 17 languages, while the offices of the company are scattered across seven countries.
The company behind MuchBetter is relentless in its pursuit to offer up-to-the-minute payment services, and as a result, it became the first to introduce the world-first dynamic CVV code. Their team is undoubtedly looking to push boundaries to guarantee that MuchBetter users will make payments in a walk and in next to no time.
Opening an account takes no time at all, while the security measures in place make the payment method all the more preferred by security-conscious users. To make payments still more hassle-free, the company has introduced contactless payment devices. To add convenience to their users’ daily offline and online payments, MuchBetter offers contactless key fobs that can be used anywhere Mastercard is accepted.
It is also interesting to point out that back in 2020, the first analog watch, which can be used to make contactless payments was introduced. Thanks to the smart payment functionality, which is used in the watch, MuchBetter users can make payments from their wallet at hundreds upon hundreds of locations around the globe where Mastercard is accepted.
MuchBetter offers a diverse and feature-rich e-wallet platform, which has grown to prominence also among sports bettors. Today, more and more punters are in the habit of handling their payments through the e-wallet because of its straightforwardness, cost-effectiveness, and user-friendliness.
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How MuchBetter Works
MuchBetter is one of the most chosen digital wallets because it allows its users to move, store, and receive money at full tilt and in the utmost safety. These are some of the main benefits gambling enthusiasts will enjoy if they decide to wrap up their gambling-related transactions through the e-wallet.
Creating a MuchBetter Account
In order for sports bettors to start using MuchBetter, they should first register an account. The process is exceptionally streamlined and involves only three steps. First off, gambling enthusiasts need to fill in a form where they will be asked to provide their phone number, to create and confirm their passcode. Then, they will be prompted to pick the currency in which their e-wallet will be set up. Based on their preferences, sports bettors can carry out their payments in EUR, USD, or GBP.
Then, punters will need to enter some of their personal information, including their name, address, date of birth, as well as their email address. Once they pick their country of residence from the drop-down menu and accept the Terms of Use, punters can proceed to the second step.
When they confirm that they want to get a MuchBetter account, they should wait until they receive an SMS with the verification code. After that, gambling enthusiasts just need to download and install the app which works on iOS-based devices or the other one, which is created with Android users in mind.
No matter which of the two apps sports bettors will make use of, they can be certain that they will be able to load their gaming account with cash in a walk and access the winnings they have accumulated directly from the e-wallet.
All payments initiated through the digital wallet are executed securely and in a straightforward fashion, and punters will not need to remember complex passwords or follow redirections.
Fund Your MuchBetter Acount
Gambling aficionados who have already registered for an account will be good to go with their payments once they top up their MuchBetter account. In order to deposit funds into their e-wallet punters need to pick a payment method, and fortunately for them, the top-up methods are thick on the ground. Based on their preferences, avid sports bettors can transfer funds to their MuchBetter account using their Mastercard or Visa-branded card. Bank transfers are also an option, but sports bettors should keep in mind that they are more time-taking as their funds might be credited within up to 48 hours.
Cryptocurrencies are yet another option MuchBetter users can select while using the app. Those who think that this top-up option works best for them can move funds to the balance of their digital wallet through ETH, LTC, BTC, and XRP.
What punters should bear in mind is that based on the country they live in, they might be allowed to use some regional deposit methods, the likes of Boleto, Interac Online, and Codigo, among others.
No matter the chosen deposit method, MuchBetter users need to press the Top Up button in their wallet and follow the on-screen prompts to complete the payment.
Depositing To Your Gaming Balance with MuchBetter
Punters will be amazed at the ease with which they will be able to move funds from their MuchBetter wallet to their gaming account. To do so, they need to power up the website of their sportsbook of choice on their computer or portable device and jump into its cashier. Next, avid sports bettors need to select MuchBetter, and the amount they intend to move to the balance of their gaming account.
After this, gambling enthusiasts will be prompted to enter their mobile phone number, the country code included, but without any spaces. Please make sure that you have entered your phone number correctly, as otherwise, the payment will not go through.
As soon as they submit the payment, punters will get a notification on their phone, which asks them to approve the transaction. Naturally, the payment will only be authorized if punters have sufficient funds in the balance of their e-wallet. Even if you do not have enough funds, the transaction will not be rejected but will instead remain pending until you add more funds.
Once punters tap on the Send Money button, the preferred amount will be sent to the sportsbook right away, and they will be fully prepared to get going with their real-money bets.
It is important to note that punters who live in Norway will not be allowed to use MuchBetter to load their gaming accounts with cash. If they insist on using the services of the company, they can take advantage of their physical Mastercard.
Withdrawing from Your Gaming Balance with MuchBetter
The withdrawal of funds from punters’ gaming accounts to their MuchBetter wallet is easy and takes almost no time. Punters will once again be required to head over to the banking page of the sportsbook and check the balance, which is available for a withdrawal. Immediately after they select MuchBetter as their withdrawal method of choice, key in the amount they want to draw out of their balance, and confirm the payment, the pending period will start right off.
Punters should remember that they need to request a withdrawal back to the phone number they have used while creating their MuchBetter account. Once the cashout is approved, the gaming operator’s system will instruct MuchBetter to add the funds to their e-wallet, which normally takes up to one business day.
If punters want to withdraw their winnings from their e-wallet, this will only be possible if they have already verified it. If they have already done this, once punters go for a cashout, they will be presented with the payment methods they can make use of based on their country, as well as the fees, if such are charged.
Fees
Before punters put their mind to managing their funds through MuchBetter, they should invest some time in inspecting the fees the usage of the digital wallet will result in. The company claims that the transaction fees its users will face are among the lowest in the industry, and creating a personal account is possible without a charge.
What punters should keep in mind is that when they receive or send money to their friends, no extra fees will be charged. This is also the case when receiving money or paying to e merchant. If punters prefer to use the MuchBetter card for contactless payments, online, or in person, no extra charges will be applied. Yet, this is not the case if they are about to use it at an ATM, as a fee of 0.99% will apply.
In spite of the fact that the creation of a MuchBetter account will not cost punters a dime, most of the time, this will not be the case when the time comes to load it with cash. If punters want to move funds to the balance of their digital wallet through their debit card or using a bank transfer, the additional charges may reach up to 5%. Using cash will result in extra fees of up to 10%.
Topping up your digital wallet through cryptocurrencies is also not commission-free and such payments incur fees of 2%. Opting for Sofort Banking will result in extra charges of up to 5%, while using Interac Online means that a fee of 3.5% will be applied. If you are more into using iDEAL, the extra fee will be 0.99%.
If avid sports bettors want to avoid these additional costs, they will have several options to decide between as top-ins executed through SEPA bank transfer, Giropay, MB Cash, Przelewy24, or through the mobile app of their bank, are fee-free.
When withdrawing their funds from their digital wallet, punters can avoid paying extra charges only if they opt for Interac Online. If punters pick a Qiwi Wallet or Astropay as their means of withdrawal, a fee of 3% will be applied. SEPA bank transfers and regular bank transfers are not fee-free, and the extra costs for such withdrawals will be 2% and up to 5%, respectively. If cryptocurrencies are punters’ withdrawal method of choice, the additional charges will run at 2%.
Gambling enthusiasts who want to make use of the contactless key fobs MuchBeter offers should be aware that they can be ordered straight from the app after paying a one-off fee of £10.
| Fees Summary | ||
|---|---|---|
| Operation | Time | Cost |
| Deposit to bookie | Instant | Free |
| Withdrawal from bookie | Up to one working day | Free |
| Deposit with card | Instant | Up to 5% |
| Withdrawal to card | A couple of hours | N/A |
| Deposit with bank account | Instant | SEPA Bank Transfer Free Bank Transfer 0 – 5.00 % |
| Withdrawal to a bank account | Up to 48 hours | Bank Transfer 0 – 5.00 % SEPA Bank Transfer 2.20 % |
MuchBetter Security
Punters should not be troubled when using MuchBetter for gambling-related transactions as the payment processor promises the highest level of security possible. Sports bettors can be sure that when making a deposit or withdrawal, their funds will be held securely at all times, thanks to the various measures the company has implemented.
First off, each time punters want to log into their MuchBetter account, they will be asked to enter their passcode. Depending on their preferences, sports bettors can enable the TouchID, which they can use to log into their account instead of providing their passcode each time they want to access their e-wallet.
If they decide to start using the iOS or Android-based app to access their digital wallet on another device, gambling aficionados will be required to key in an activation code. This one-time activation code will be sent to MuchBetter users as a text message to the phone number they have provided while creating their e-wallet. If punters attempt to access their MuchBetter account on a new device multiple times and fail, they will have their account blocked for security reasons. Yet, this will only last for 24 hours.
In case of inactivity in the app, which lasts longer than 90 seconds, and each time the screen of punters’ tablet or smartphone locks, they will be automatically logged out of the app, thus guaranteeing that another person cannot misuse your funds.
Another thing punters should be aware of before they create a MuchBetter account is that the company is obliged to identify all its customers in order to give them access to the complete list of services it provides. Thus, once gambling enthusiasts sign up for an account, they can only access the basic set of services and a lower spending limit.
Users of the digital wallet will only be able to draw their funds out of their account, send money to other MuchBetter wallets, or get a contactless Mastercard after verifying and validating their identity by scanning their ID. The verification of punters’ MuchBetter account might take up to 60 minutes, and after this, they can make full use of the complete range of services the e-wallet provides.
MuchBetter Mobile App
Using MuchBetter for gaming deposits and withdrawals is not only safe but exceptionally convenient sports bettors will not be chained to their computers when they need to use the payment solution. Using the payment platform means that sports bettors will be allowed to move funds to their gaming accounts in just three steps and get their winnings in a walk anytime and anywhere.
As we said earlier, MuchBetter is an award-winning payment app, and the company has received multiple accolades for its services. Back in 2021, MuchBetter got the award for the Best Mobile Payment Solution during the CNP Awards, as well as an award for Mobile Payment Method of the Year during the SBC Awards.
The award-winning payment apps are accessible by punters who own Android and iOS-based tablets and smartphones and can be downloaded for free from the App Store and Google Play. As for the compatibility of the app designed for smartphones and tablets running on iOS, the OS it requires is 12.0 or later.
Punters who own an Android-based device can download and install the app if its operating system is 7.0 and up. Both apps are available in a wide range of languages, including English, French, German, Spanish, Polish, Portuguese, Italian, Turkish, Russian, and Greek, to name a few.
Both apps allow gambling enthusiasts to pay in person or online without exposing any of their banking details, and most importantly, carry out their gambling-related transactions without a care in the world. Using the dedicated apps also means that gambling aficionados will be given better control over their budget.
The key reason why punters might be interested in using the dedicated apps is that while doing so, no extra charges apply when loading funds through a bank transfer or when using their credit/debit card.
While using the dedicated apps, gambling enthusiasts will also benefit from instant deposits and cashouts that take almost no time to complete.
| Mobile App Features | |
|---|---|
| Send Money | Yes |
| Receive Money | Yes |
| Top-up from a bank account | Yes |
| Withdraw to a bank account | Yes |
| Deposit to bookie | Yes |
| Withdraw to bookie | Yes |
MuchBetter Advantages
It is hardly a coincidence that MuchBetter ranks among the most chosen deposit and withdrawal methods punters can normally decide between as carrying out their payments using the digital wallet has loads of benefits. When compared to some other payment methods available out there, MuchBetter is much more broadly accessible. The widespread use of the digital wallet is undoubtedly among its greatest advantages as, throughout the years, the company has dramatically expanded its foothold.
The e-wallet is more than widely available also across sports betting platforms. As a result, punters who are unwilling to make use of another payment processor are unlikely to face any challenges while being on the lookout for the sportsbook, which suits them best. The fact that MuchBetter can be used for top-ins and withdrawals is yet another great benefit that might tip the scales in favor of MuchBetter.
MuchBetter is exceptionally intuitive, which is the reason why it is unlikely to stop turning heads soon. Although it puts together so many features and provides high levels of security, making payments with the e-wallet is a walk in the park. As likely as not, the fact that MuchBetter is connected to handheld devices further contributes to its growing popularity considering the freedom it guarantees.
The transaction speed is yet another thing avid sports bettors tend to set great store by, and fortunately for them, this is one of the departments MuchBetter excels in. Nowadays, most payment solutions punters can make use of, MuchBetter included, make for instant top-ins. Normally, punters are troubled when taking their winnings off their sportsbook of choice because this is a rather lengthy process.
This is by no means the case with MuchBetter, as the wait times are reduced to a minimum. As soon as punters’ cashout request is approved, their winnings will be credited to the balance of their MuchBetter account within a couple of hours.
The top-notch level of security MuchBetter maintains is one more reason why sports bettors are interested in using it for payments to and from their sports betting site of choice. The company is authorized by the Financial Conduct Authority and has put in place a number of safety measures to guarantee the protection of punters’ funds all the time. Paired with the security protocols and procedures of the betting sites, gambling enthusiasts can be sure that the chances of their funds being misused are reduced to a minimum.
While using MuchBetter to carry out their deposits and cashouts, gambling enthusiasts will not only have the opportunity to manage their gaming account with ease but will also be in for different rewards on the side of the digital wallet and the sports betting sites. In order for punters to qualify for the rewards MuchBetter offers, they need to get one of the dedicated apps and start collecting entries for the MegaDraw.
MuchBetter Disadvantages
In spite of the above-mentioned advantages MuchBetter has, there are several things about the e-wallet that gambling aficionados might consider weak points. Even though the company claims that the digital wallet is exceptionally affordable, some payments incur fees that are not at the least modest. This rings true, especially when it comes to topping up their e-wallet, as with some funding options, the charged fees might exceed 5%.
Before they start using MuchBetter for gambling-related transactions, punters need to know that this will not be possible in all countries. As we said earlier, punters from Norway will be prevented from using the e-wallet for payments to and from sports betting sites.
Another shortcoming of the digital wallet is that although it can be used to process deposits and withdrawals, some gaming operators do not allow their users to draw their winnings out of their gaming accounts through MuchBetter. If this is the case with punters’ bookie of choice, this will translate into certain inconvenience as they will have no other choice but use another withdrawal method.
The necessity to open an account and verify it in order to fully benefit from the services MuchBetter offers is one more reason why some punters might be unwilling to use the e-wallet. As it seems, the fact that they need to move funds to the balance of their e-wallet and then top up their gaming account might also seem a bit annoying for punters.
Countries Where MuchBetter is Used as a Deposit Method for Sports Betting
MuchBetter is a payment solution, which has evolved significantly since 2016 when it was introduced. Today, the payment app is oriented towards the needs of a truly international user base as it can be employed by the residents of well over 180 countries, while the number of the supported languages is 17.
Of course, using MuchBetter is not possible in all countries across the globe, and residents of Syria, the USA, Sudan, North Korea, Venezuela, Yemen, Libya, Sierra Leone, Somalia, Myanmar, Cameroon, Bangladesh, Afghanistan, Crimea, Cuba, Iraq, Iran, and Eritrea are currently not allowed to make payments through it.
Speaking about the availability of MuchBetter, we should mention that the contactless key fobs cannot be used outside the EEA. As we explained already, the e-wallet cannot be used for gambling-related transactions by punters from Norway. That being said, they are not left without options as they can simply make use of the physical Mastercard the company also offers.
Gambling aficionados should bear in mind that they will only be allowed to register more than one MuchBetter account, provided that they have the approval of the Rtekk. Additionally, it is up to them to maintain their accounts, and they are required to update their banking details, card information, name, address, and email address, among others, whenever this is needed. Punters will not be allowed to use the digital wallet for prohibited transactions, including such for illegal gambling.
FAQ
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Withdrawals initiated through MuchBetter are wrapped up in a timely manner as once the transaction is approved, punters’ funds will be released within one working day at the most.
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Most sports betting sites that process deposits and withdrawals through MuchBetter do not apply additional charges, no matter the direction of the payment. There will not be any additional costs also when punters make payments from the balance of their e-wallet. Yet, this will not be the case when moving funds to and from the balance of the digital wallet.
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Yes, punters can be sure that their funds and banking details will be properly protected whenever they make payments, thanks to the safety measures the payment method is built upon. Some of the safety measures in place include activation code, touchID, timeout, and passcode.
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Presently, MuchBetter is accessible by the residents of more than 180 territories around the globe. Yet, there are a number of non-serviced countries, including Syria, the USA, Sudan, North Korea, Venezuela, Yemen, Libya, Sierra Leone, Somalia, Myanmar, Cameroon, Bangladesh, Afghanistan, Crimea, Cuba, Iraq, Iran, and Eritrea, among others.
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MuchBetter users will get special points each time they use the digital wallet to purchase goods, send money, or top up their gaming accounts, for example. These points are collected throughout the year and are used during the MegaDraw when different whopping prizes are given.
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