MuchBetter

What is MuchBetter

MuchBetter is a payment method that allows online payments on the internet without the need to enter personal payment information. Through the app, it is possible to make cashless transactions between accounts, pay in e-shops or service providers, or pay offline in brick-and-mortar stores with a Mastercard payment card (available only to European customers).

History of MuchBetter

MuchBetter was established in 2017 and is headquartered in London, United Kingdom. It offers a large number of payment services including a digital wallet and for European users, a virtual or physical payment card. The service is used by more than 1,000,000 users and is available in more than 100 markets. It is expanded to several countries around the world and its web interface and mobile app support 16 languages.

Who owns MuchBetter

MuchBetter is owned and operated by Rtekk Holdings Limited, which focuses on developing products in the field of financial technology and finding solutions to reduce fraud associated with online payments on websites and prevent identity theft.

How to get MuchBetter

All those interested in this payment service must first register and create their own user profile at the company. This can be done both on their official websites and directly in the mobile application. Then, money can be transferred to the created account through one of the supported payment methods, which include:

• Payment card
• Bank transfer
• Cryptocurrency transfer
• GiroPay
• CashToCode

Unlike other payment methods, the MuchBetter app does not offer payment coupons that could be purchased at physical stores or online distributors and used to pay on the internet or in mobile applications. However, it does offer a virtual Mastercard payment card, which users can use to make online and offline payments at various merchants and service providers (MuchBetter users can also purchase a physical payment card). This is available only to European customers. In some countries, it is also possible to order a key fob and pay by placing it close to the terminal.

How to create an account with MuchBetter

When registering on the MuchBetter websites, it is necessary after completing the registration to install the mobile app, which is available for free download and with which the created account is linked. During registration, it is mandatory to enter your phone number, create a login PIN code, and fill in all personal details including date of birth and email address. Subsequently, it is necessary to verify the phone number via a confirmation code sent in an SMS message and log in to the mobile application.

Limits of MuchBetter

For security reasons, pre-set daily limits are in the user profile for making payments in various ways (mobile application, payment card, key fob, watches, etc.). The initial limits are set at $2,500 (approximately €2,400, rounded to €2,400). These limits can be increased through the mobile app by verifying the user’s identity. For this purpose, the user must scan their ID card, driver’s license, or passport into the app. After verification, daily, monthly, and annual transaction limits, as well as cash withdrawal limits from ATMs, are increased. For example, the MuchBetter key fob has a limit of five payments, after which it is frozen. In order for users to continue using this payment method, they must first log in to their mobile application and cancel its freezing there. In this way, the company protects users of the MuchBetter payment method from misuse. The key fob, like the payment card, can also be frozen in the application in case of suspicion of theft or loss.

Where to use MuchBetter

MuchBetter serves its users as a virtual wallet, and thus it is possible to pay almost anywhere, both with a payment card and via a mobile phone or even a watch or key fob. It is also great for making deposits into online casinos or withdrawing winnings from your profile. Since the app is connected to the phone, payments are very fast, simple, and most importantly, secure. All sensitive information is protected.

How to pay with MuchBetter in online casinos

1. Register at the selected casino that accepts the MuchBetter payment method
2. Create an account with MuchBetter and deposit your money there
3. Select MuchBetter as the deposit method in the online casino
4. Enter the exact amount you want to deposit into the account
5. Confirm the transaction

How to withdraw winnings with MuchBetter

Users of the MuchBetter payment method can withdraw their winnings from online casinos just as easily as making a deposit to their gaming account. Simply select MuchBetter as the payment method for withdrawing winnings in the respective section of your profile, and within a few minutes, all transferred money is credited to their account.

Online casinos where you can pay with MuchBetter

Among the most popular online casinos that accept the MuchBetter payment method include:

	NineCasino Welcome bonus: Bonus package up to €360 + 250 FS	Play now NineCasino review
	20BET Welcome bonus: 100% bonus up to €120 + 120 FS	Play now 20BET Casino review
	PelicanCasino Welcome bonus: Bonus package €1,500 + 140 FS	Play now Pelican Casino review

Fees

Users do not pay any fees for creating, maintaining, or verifying an account. However, fees are charged for using various payment services, for example, when making transactions in a foreign currency. In such cases, the amount is deducted from the account according to the current exchange rate + a 0.99% fee of the total amount (this fee may be further increased based on the merchant’s or bank’s conditions according to the account to which the transaction is sent). For European customers, a virtual payment card is also provided completely free of charge. A physical card can be ordered and is charged at $12.99 (around €300, converted to €12). Its use, both online and offline, is free. However, withdrawals from ATMs are charged 0.99% of the total amount plus an additional 0.99% when withdrawing in a different currency. A fee of 2% of the total amount is always deducted for payments made at gambling operators.

MuchBetter Account

New users can create their own account directly in the MuchBetter mobile app, which they simply install on their mobile device. This app is available completely free of charge, both for Android and iOS devices. Here too, it is necessary first to enter a phone number, set up a security PIN, and fill in personal details with an email address. After verifying the phone number via a confirmation code sent in an SMS message, users are logged into their account.

How to deposit money into the account

For depositing money into the created account, users select one of the available payment methods, through which they transfer the chosen amount. These methods include a payment card, bank transfer, cryptocurrency transfer, or payment methods GiroPay or CashToPay. Unlike other companies, MuchBetter does not offer payment coupons that could be used to pay online or increase the money in the account.

How to withdraw money from the account

Users can easily and comfortably withdraw money from their account. They have the option to transfer to a bank account or gradually spend it through online and offline payments, which the Mastercard payment card enables. They also have the option to withdraw their money in cash from an ATM. However, this transaction is usually charged at 0.99% of the total amount.

Rating

This payment method also serves as an online wallet, with which online and offline payments can be made with a virtual payment card, which is completely free for European customers. A major advantage is also the possibility to withdraw winnings from online casinos through the MuchBetter payment service, although it is not supported in all casinos. The relatively low fees associated only with transactions in different currencies or when withdrawing cash from an ATM are also appealing. However, a major disadvantage for gambling enthusiasts is the charging of a 2% fee of the total amount when making payments to gambling operators. This can be offset for players by various entry bonuses when registering at an online casino. However, this method remains disadvantageous for those who want to play long and big. The absence of the Czech language on the company’s websites and in their mobile app can also be limiting.

Frequently asked questions

---

Also read:

• Payment methods
• Online casino reviews

Sources: muchbetter.com