Most of the payment options used to top up online betting accounts are not designed specifically for this. They just have the right mix of features that make them perfect for online bookies too. The folks behind MuchBetter decided to change that and develop an optimized payment method for online sports betting. With MuchBetter, you get an e-wallet that comes with a free MasterCard that will make all your betting transactions fast, safe and fun!
Many online bookmakers accept MuchBetter, and you can create an account from almost anywhere in the world. You just need a smartphone and the MuchBetter app to instantly top up your account and enjoy all the sports betting you want. Sounds interesting already? Check out another ace up the MuchBetter arm in our team-prepared review.
Can I Claim First Deposit Bonus with MuchBetter?
Yes, claiming a first deposit bonus or welcome package comes naturally when depositing with MuchBetter. Even more so, since they are still relatively new to the market – founded in 2017 – there is a good chance that you will find some additional bonuses when using this payment option. And if you need proof that MuchBetter is truly a game-changer for online betting, there’s the first proof for you. While depositing with another e-wallet (Skrill, Neteller, or even PayPal) may mean you didn’t receive your first deposit bonus, MuchBetter takes that worry away and can even add a standard bonus!
How to Deposit with MuchBetter?
Another advantage that MuchBetter offers over other e-wallets in the online betting environment stems from how easy it is to use to make deposits. Suppose another e-wallet redirects you to a login page, where you need to use your credentials to approve a transaction. With MuchBetter, you only need your smartphone. Here’s how to make your first deposit or otherwise via Much Better on any betting site.
- Access your betting site account using your login credentials
- Find the “Deposit” or “Cashier” button and click on it
- In the list of available payment methods, select MuchBetter (you will easily recognize the neat looking logo)
- Type or select the amount you want to deposit and your phone number before clicking “Next”
- Check your phone for notifications from MuchBetter
- Open the notification and confirm the transaction
The minimum MuchBetter deposit accepted by most bookmakers is €10. And although some places allow you to deposit lower amounts, that’s more like the exception than the rule. MuchBetter limits the maximum deposit to €500 before you verify your account. After that, you can deposit up to €1,000 at a time.
How to Make a Withdrawal on MuchBetter?
Requesting a withdrawal with MuchBetter is even easier than using it to make a deposit. Ewallet is generally known for its incredible processing speed when it comes to withdrawals. However, MuchBetter took it to the next step. As soon as the bookmaker approves your withdrawal, the funds are instantly available in your account! The steps for requesting a withdrawal are identical to the steps for making a deposit. Just click or tap the “Withdraw” button, select MuchBetter and confirm the transaction. Most bookies will remember it if you have already deposited with MuchBetter and not ask for further details.
How to Sign Up for MuchBetter?
Getting a MuchBetter account starts with downloading their app on your smartphone. Available on the App Store and Google Play, the Much Better app will turn your smartphone into a gateway for instant payments and lots of fun. Here’s a quick step-by-step guide on what you need to do to get started:
- Open the app after downloading it on your phone
- Choose a 4-digit passcode for the account
- Enter your phone number and tap “Register.”
- You will receive a code via SMS that validates your account – enter the code in the app, tap “Validate.”
Your account is now ready. To deposit at your favorite bookmaker, you just need to top up your balance using one of the many payment options compatible with MuchBetter.
How to Verify Your Account with MuchBetter?
Before you can recharge your account, you will be asked to go through a standard verification process. Tap the “Verify Account” button when prompted, and you can start uploading any photo ID photos, as well as selfies. As mentioned earlier, verifying your account also removes any restrictions and qualifies you to request a free MuchBetter MasterCard. To request a MasterCard, you just need to top up your account with €30, and that’s it. You can then use the funds to deposit at your favorite online bookie, and they will send the card to you by mail.
Is there a Fee for Using MuchBetter?
Using MuchBetter to deposit and request withdrawals at online bookmakers is free of charge. The only fees you will find when using MuchBetter are the fees charged when reloading your account. Adding funds via bank transfer is free of charge. However, using an instant banking method such as Sofort has a 1.65% tax, while topping up with your VISA or MasterCard is subject to a 2.5% tax. Also, if you want to move funds from your MuchBetter balance to your bank account or other payment options, you can expect a fee of up to 3%.
Much Better History and Core Market
Founded in 2017 in the United Kingdom, MuchBetter is the first e-wallet optimized for online gaming. It got a license from the UK Financial Conduct Authority and then grew popular from one year to another. The excellent service provided by Much Better earned them several prizes at prestigious awards in the iGaming industry, such as Mobile Payment Solutions of the Year at the SBC Awards in 2019. And while this e-wallet isn’t as widespread as Neteller, Skrill, or PayPal, don’t forget that it’s been around for less than three years.
Available worldwide, MuchBetter seems to be very focused on the EU, which makes a lot of sense considering they started in the UK. EEA countries can be defined as the core market as well as this is the only region that can accept MuchBetter MasterCard.
How Much Better Works?
Much Better is a payment app that provides users with an alternative e-wallet style platform. The app is easy to use and secure, with customers being rewarded for spending money using their Much Better wallet, which is available in multiple currencies.
Users can deposit funds into the betting site account of their choice, manage their expenses, and transfer money via bank transfer and card. A dynamic 3-digit CVV code is generated with every transaction made. In contrast, the absence of passwords and complex switching makes Much Better one of the most convenient payment options available to passengers today.
Advantages of Using MuchBetter
There are several advantages to using MuchBetter, which have helped them attract a large number of customers. The first positive for users is that Much Better allows instant deposits on betting sites, which means they can quickly take advantage of exciting opportunities and markets. Meanwhile, all payments made using Much Better are 100% secure, with the company being licensed and regulated by the Financial Conduct Authority. At the same time, they also have many security measures in place, including their 3-digit CVV code.
Additionally, passengers who use Much Better can expect to receive some rewards in doing so, with a points-based reward system that allows customers to earn rewards along the way. Finally, no betting activity occurs on bank transfers, with Much Better taking responsibility instead.
Much Better at Betting
MuchBetter is now available through several betting sites, with its security, speed, and convenience, making it the banking method of choice for many. Although deposits and withdrawals are only available using mobile devices, Much Better is set to grow from strength to strength in the industry as more and more bookmakers and punters pay attention to their services and features.
How Safe Is Much Better at Betting?
Much Better is one of the safest banking methods for online betting sites. The Financial Conduct Authority licenses the company has demonstrated the outstanding work they have done in this area. Meanwhile, to prevent fraud or third-party access to personal details, Much Better accounts are protected by a 4-digit password and Touch ID, with each transaction requiring confirmation before processing. Users will also be logged out of their individual Much Better accounts if inactive for more than 90 seconds. An excellent customer support team is also at Much Better, helping resolve any issues that may arise.
Much Better Cost
Unfortunately, using MuchBetter does come with some additional costs, which is probably the biggest negative side of this banking method. While deposits are processed for free on betting sites, those wishing to withdraw their winnings are likely to incur a small fee, which can be up to 5% when using a Mastercard or Visa card. Elsewhere, currency conversion also incurs a 1% fee, which may be a problem for some customers.
Alternative to MuchBetter
If MuchBetter doesn’t quite meet your needs, there are alternatives to consider, whether it’s a traditional bank or an e-wallet platform. In our opinion, the following options should be considered when depositing and withdrawing cash at betting sites in the UK:
- PayPal
- Neteller
- Visa
- Skrill
- MasterCard
- Bank Deposits
How to Set Up a MuchBetter Account
Potential users can create a new account with MuchBetter in just minutes, while the process is also 100% free to complete. Overall, you should take the following steps to gain access to the services and features they offer:
1. Download the Much Better app on your iOS or Android device.
2. Complete the registration process, including entering information such as your full name, date of birth, mobile number, and email address.
3. Prepare a passcode and submit proof of identity, be it a SIM passport.
4. Verify your account via email or cell phone.
