MuchBetter is an app-based digital wallet that combines mobile first approach and dynamic customer authentication to enable fast and safe money transfers to friends and family, deposits into online gaming accounts and payment requests.
“There has got to be a MuchBetter way of paying for it”, said the team and came up with a unique system where transaction are confirmed from the user’s phone.
The service is offered by MIR Limited UK Ltd, an FCA-licensed e-money issuer, and while already highly popular in Germany, it’s slowly but surely building a fan base in the UK as well.
MuchBetter is tailored to the needs of real money online casino fans. They only need to launch their chosen gaming site, select this payment method in the cashier section, and enter their phone number in a correct format. Initiating a deposit results in a push notification sent through the MuchBetter mobile app and a request to approve the transaction.
Download MuchBetter App from App Store or Google Play and sign up for the service. It takes only a few minutes and, following your request, the provider will send you a card or a contactless fob. The card can be used anywhere where a MasterCard is accepted and also works contactless. Your MuchBetter account will be linked to your phone number and your device, making it virtually hack-proof.
The app is currently available in English, German, Spanish, Italian, Portuguese, French, Russian and Chinese. It’s supported on all Android phones running version 5 or better and all iOS phones running iOS 9+. Like every other eWallet, this one also needs to be funded before one can use it to pay for goods and services. MuchBetter accounts can be topped up with a minimum of €10 via bank transfer and credit / debit cards (Visa, MasterCard, Amex).
Every time you use MuchBetter to deposit €10 or more at a gaming site, the provider will offer reward points which will allow you to participate in the weekly draw and potentially win up to €100. The more points one has, the bigger the chance to win. Reward points will also be earned for sending a gift worth €10+.
Funding your MuchBetter wallet with Visa or MasterCard will cost you 1.65% of the deposited amount, while bank transfers are free. A fee of 0.99% is charged for using MuchBetter Card at ATMs, UK faster bank transfer withdrawals incur £3 cost, SEPA bank transfers €3, and non-SEPA bank transfers €40.
The provider boasts stronger security measures than any other eWallet. Accounts are protected with device pairing and dynamic security codes, and there is a transaction review system ensuring only legitimate transactions will go through. The client has to enter a passcode to log in, and if using a new device, they will also need to input an activation code sent as a text message to their phone number. Instead of a passcode, they can alternatively enable touchID. The application will automatically log them out after 90 seconds of inactivity and each time the screen locks.
MuchBetter website features a very helpful FAQ list which will answer each and ever of your question, and their customer support team guarantees 1-hour response time during working hours.
The great thing about MuchBetter is it's speed. Once a deposit request has been initiated, funds should be immediately credited to the player’s casino bankroll.
Cash-ours are executed by entering the cashier and requesting a withdrawal to your phone number. The casino will processes the request and a push notification will inform you that funds are available in your MuchBetter account.
MuchBetter has already partnered up with a number of reputable online casinos which now offer their members a convenient new method for making deposits and withdrawals.
MuchBetter is an easy-to-use eWallet with a unique mechanism which increases the safety of the user’s online payments. There aren’t any usual redirects, passwords and whatnot; transactions are simply confirmed via one’s mobile phone. This is also a security measure making it difficult for hackers to snatch what's rightfully yours.
The service features some of the lowest eWallet fees around; those charged for funding one’s MuchBetter account are more than reasonable and there won’t be any others to pay when depositing funds into your casino account or requesting the gambling profits to be sent the other way. Deposits are instant and withdrawals as fast as one can hope for in the online gaming world.
The fact that one can (currently) access MuchBetter only through the mobile app and not via a desktop shouldn’t be considered a disadvantage; whoever is able to visit and play at an online casino is more than likely also an owner of a mobile device.
Whether MuchBetter shares the fate of Skrill and Neteller when it comes to welcome bonus restrictions is yet to be seen.