There has been a huge increase in online shopping. The millennials and now a new generation Z are 100% internet and mobile-oriented. This makes an immediate, mobile-friendly and cost-effective digital payment solution a must. An online payment method that requires minimum effort, it’s fully mobile-enabled, and processes transactions at lightning speed is the one that takes the major prize!
One of those game-changing financial tools is MuchBetter. It is an online payment service offering a mobile-based e-wallet featuring the lowest fees and real-time transactions. The service is free to sign up and is available globally. Since its founding in 2017, MuchBetter has been a company with a mission. They want to develop a mobile-first payment tool that is ideal for the iGaming industry while also appealing to new generations of internet savvy.
New generations favor payment apps and eWallets, as they consider them the fastest and least complicated financial management tools. Living with and in their smartphones, the younger generations reject anything “physical,” including physical wallets or plastic payment cards! Knowing this, MuchBetter set out to devise a smartphone-friendly solution that will be widely accepted. From online merchants to online casinos.
MuchBetter has successfully managed to cater to its target customers, having more than 150,000 active users across more than 150 countries, and being accepted as a favorable transaction tool by more than 120 online merchants.
It is crucial for online gamblers to easily manage and fund their accounts with a straightforward and least expensive tool on the market, available in the majority of online casinos. Many legacy payment providers are prone to raising costs without beefing up their services. Hence, many online casino operators are on the constant lookout for affordable alternatives with lean costs. MuchBetter is one of those innovative solutions to consider, which many already did, concluding that it fully justifies its name!
MuchBetter is a go-to app-based payment wallet you can easily download from App Store or Google Play store. You can have it on multiple devices, but you will have to confirm any new one with a security code sent to you via SMS.
Once on your phone, you will be prompted to choose a password for your account. Then, you’ll need to provide your mobile number as this smart app will send you a security code via SMS. After you’ve entered the code, tap the validate button. To finish the registration, click to top-up, and the system will ask you to provide additional info needed to secure the account further.
It is mandatory to supply ID verification that will also unlock other features and perks. These are a free MuchBetter Mastercard, contactless key fob, and increasing limits on your account. To get access to these products, you just need to supply a valid ID document, such as a passport or driver’s license. Then just take a selfie and submit so that the service can confirm it’s you.
Once verified, you will be able to choose from a variety of payment options to fund your MuchBetter account. To do so, tap top-up, pick the method you prefer and follow the instructions.
How to Deposit via MuchBetter?
Before making a deposit, you first need to put some cash in the wallet. The minimum amount you can put in your account is £10. You can make this transaction via credit or debit cards (Mastercard, Visa, or Amex), bank transfer, or some cryptocurrency. To top-up with a credit or debit card, you will be asked to enter your name and surname, the last 16-digit card number, CVV code from the back of the card, and the card’s expiry date. Now you can proceed with making a deposit.
The system is straightforward. Head to the cashier section of the web casino and find the MuchBetter depositing method. You will need to enter your mobile phone number. Be careful to do it correctly, with the right format, starting with the country code and without zeros before the number. You will then receive an in-app request to approve. This transaction is processed immediately.
How to Withdraw with MuchBetter?
To cash out the prize, again go to the banking page of the casino and request a withdrawal to your mobile number. Once the casino finishes audits and verifications, you will be notified that the amount you specified to withdraw is available.
Transfer Times, Fees, and Security
MuchBetter processes all transactions almost instantly. However, each casino has its own processing time during which it validates your identity and your payment methods. So, depending on a casino, this procedure can last from a few hours to several days. At the same time, if you decide to use bank transfer to top-up your MuchBetter account, the money will become available for spending within 72 hours. In case you wish to transfer the funds from the wallet to your bank account, the procedure usually lasts from 1 to 5 business days.
The owners of MuchBetter accounts are able to send money, pay, and make other transactions free of charge. To top up the account using a bank transfer is also free, while if they decide to use Bitcoin, they will pay 2%. For funding via Mastercard and Visa, the users will be charged 5%. If you desire to make a withdrawal from the ATM, the cost is only 0.99%.
As for the security of the service, MuchBetter is a member of the Electronic Money Association and is licensed by the UK Financial Conduct Authority as an electronic-money provider. The company utilizes cutting-edge security technology that includes dynamic security codes, touch ID, and device pairing. At the same time, an always-on transaction reviewing system protects every MuchBetter account from any fraudulent activity.
Furthermore, your MuchBetter account is linked to your mobile number. It is a way to secure that no transaction is processed without a verification code texted to you, which guarantees that this system is hacker-proof.