Muchbetter

Muchbetter – is a young payment system that has quickly gained popularity, especially in the area of gambling payments. It is a reliable and fast way to move funds between sites, as well as to order deposits and withdrawals, without fear of problems or delays. Muchbetter, as the name of the brand suggests, aims to leave the user with the best possible experience. It’s easy to confirm transactions here at the touch of a finger – no need to remember huge passwords or wait for redirects to other pages. At the same time, security does not suffer in the slightest.

Why Muchbetter?

Deposits and withdrawals of cryptocurrency with very low fees are available for you. There are even more benefits: branded Mastercard plastic cards, cool keychains or watches for contactless offline payments. You can withdraw funds from ATMs, and pay for goods and services – your card account is linked to your wallet. All these features were not unnoticed – every year, the company wins prestigious awards for their innovations. Thus, in 2021 it was named the best mobile money transfer service and most innovative payment product.

Muchbetter for sports betting

The wallet is great for sports betting. More than 70 different bookmakers accept deposits and withdraw winnings from them. The most famous and popular of them are 1XBet, Betfair, MelBet, PaddyPower, BetWinner, YuVet, Tiger Gaming, but there are also many smaller ones. Conveniently, deposits are made instantly and without commission. With the withdrawal of winnings to the wallet is more difficult – there are no delays and commissions from Muchbetter, but here it all depends on the bookmakers themselves. Some of them take a long time to process withdrawals and charge their own percentage. Both deposits and withdrawals at Muchbetter are made at the site where you make your sports bets. Just find the wallet logo among the payment methods, and follow the instructions on the screen. Everything here is simple, there will be no problems.

Muchbetter.com for buying or selling cryptocurrency

On the site muchbetter.com cryptocurrency deposits and withdrawals to cryptocurrency are available. Thus, if you have on your cryptocurrency wallet BTC, ETH, or LTC, you can deposit them into your Muchbetter account and receive funds in fiat in the currency of your account. The commission will be 2%. This can be considered as a sale of cryptocurrency. You can also withdraw fiat from Muchbetter account back to your cryptocurrency wallet in the same digital currencies with the same commission. This transaction will be a purchase of cryptocurrency. You will not be able to store digital coins in Muchbetter wallet itself, but you will be able to use it as an intermediate link.

How to Use Muchbetter to Pay for Goods and Services?

You can use the wallet on any site, where among the payment methods is the logo of the payment system. It’s simple – choose Muchbetter and confirm the transaction. Basically, the payment system can be found on gambling sites – betting shops, poker rooms, online slots and casinos.

How to Register in the Payment System muchbetter.com?

You can create an account quickly, easily, and for free, both from your PC or mobile. To do this, you need to follow a special link and fill out the form on the website muchbetter.com. You will need to enter your phone number (with a password code to log in), the desired account currency, last name, first name, e-mail, date of birth,h and residential address. Then you will receive a confirmation code for your number and a link to download the application to your phone. In this way, you will be able to log into your account in the application.

Account type

After registering for the muchbetter.com you get a new account with low limits. To raise your limits, you must go through the verification procedure. Without it, there is no way, because the limits will not allow you to fully use the payment system. There is a limit of 130 Euros per year for transactions, including deposits, withdrawals from gambling sites, and transfers from other users. This is the requirement of the European regulator, which does not allow anonymous transfers in its licensed companies. After verification, you can easily increase your wallet limits to an acceptable level. You can always check your limits in a special section of the application.

How Do I Get Verified in Muchbetter?

You can start the process directly from the home screen. Verification on the site muchbetter.com The process is very fast: you choose your country and type of document from the list of suggested documents. Usually, it is a passport or other ID. Then scan the document through your phone camera, following the instructions on the screen. Make sure the photo doesn’t come out smeared and the lighting is good enough. Then scan your face (take selfies). When all the photos are sent for moderation, wait for the result. You’ll get a verified account with high limits in about five minutes.

Deposit and Withdrawal of Funds on Muchbetter

The number of available deposit and withdrawal methods varies depending on your camp. Also, the minimum limits for each operation may be different. To get the information relevant to you, the most convenient way will be in the application. For reference, the most popular methods of deposit and withdrawal are bank transfers, SEPA transfers, cards Visa, Mastercard, JCB, and UnionPay. There are also many local methods, which are actual and popular in some countries.

Currency of operations

During registration, you can choose the currency for your wallet. Subsequently, it will not be possible to change it. There are 8 currencies to choose from:

• U.S. dollar
• Euros
• English pound
• Canadian dollar
• Swiss franc
• Polish zloty
• Japanese Yen

Commission

Muchbetter’s rates also vary by country – somewhere payments are more expensive, somewhere cheaper. As always, you will find the most up-to-date information for you in the app. Here are the main fees for your reference:

• transfers to and from other users – free of charge;
• Deposits to and withdrawals from the gambling sites are free of charge;
• conversion between dollar, euro and pound – 0.99%, with other currencies – at a favorable rate Muchbetter;
• deposit and withdrawal by bank transfer – from 0 to 5%;
• Deposit via SEPA is free, and withdrawal is 2.2%;
• Top up your wallet with a card – from 0 to 5%;
• deposit and withdrawal in cryptocurrency – 2%;
• local deposit methods – from 0 to 10%, withdrawal – also.

If you live in Europe and have ordered the Muchbetter branded card, the fee for ATM cash withdrawal will be 0.99%.

Payment limits

We have already touched on the limits of unverified accounts, but now let’s discuss regular accounts that have already been KYC-identified. Of course, in this case the situation may also vary depending on your country of residence. But roughly the figures are as follows:

• Wallet replenishment limits are 1790 euros per transaction, but no more than 46 thousand euros per day, month or year;
• The total limit, which includes absolutely all transactions, is 119.7 thousand euros per transaction, and the same amount per day, per month and per year.

Thus, the limit is reset once a year, but you can spend it in a day if you want – if you need to make a very large transfer.

Bonuses from Muchbetter

The payment system maintains interest among its users with a large annual lottery and its referral program.

Megadraw Lottery

Every year Muchbetter announces a lottery with huge prizes in the form of cash payouts, trips and events. To participate, you have to use the app as usual and accumulate points – Megapoints. They are awarded for deposits to your wallet, deposits to gambling sites, internal transfers, passing verification, ordering cards and trinkets. Each point works like a lottery ticket and increases your chance of winning super prizes. So, in 2021 there were several winners: a Pole won 60 thousand dollars, a Dutchman won 12.5 thousand euros, a German won 30 thousand euros. The draws were taking place throughout the year. Look for information about current promotions and prizes in the app.

Referral program

Muchbetter’s referral program is also part of the Megadraw lottery. You can share your link with a friend (you can find it under “More” – “Invite”) and get lottery points for it. Points will only be awarded if your friend downloads the app, registers using your link, verifies his/her account, deposits at least 10 euros, and then deposits at least 10 euros at any available gaming site.

Reviews of the Muchbetter Payment System

There are some reviews of the wallet available online because the brand is still quite young. But there are some, more often negative than positive. This is a normal situation, because people tend to complain when they encounter problems, and praise less often. Good reviews note the speed of money transfers and the convenience of the app.

Bad reviews are most often related to cryptocurrency transfers. For many users this tool is new and complicated, they make mistakes that lead to delays or even loss of funds. They also note the slow work of the support team, which has been observed since the appearance of COVID-19.

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Regulation and License

MuchBetter is regulated and licensed by several financial authorities, ensuring that it complies with the necessary legal standards for operating as a payment service. The company is licensed by the UK Financial Conduct Authority (FCA) as an electronic money institution. This means it follows strict guidelines for safeguarding customer funds and conducting financial activities.

Additionally, MuchBetter operates under the regulatory oversight of other European authorities, providing a high level of security and consumer protection, especially in the EU and the UK. This regulation helps to ensure the payment system’s reliability and transparency, making it a trusted option for many users.

License

The company has received permits to operate from several stringent regulators with impeccable reputations.

• Licensed and regulated as an electronic money issuer by the FCA. License number: 900704.
• Licensed by the Romanian National Gaming Authority (NOG). License number: 2427/26.11.2020.
• It is a member of the Electronic Money Association in Britain and Lithuania.

Muchbetter.com’s User Agreement

If you register on the payment system’s website, you automatically agree to the rules spelled out in the agreement. The right step on your part is to read it completely yourself, but if you haven’t done so, note a few important points that it contains:

• Disputes between the company and users must be resolved in Lithuanian or English.
• The payment system is committed to keeping your funds safe and not using them for any purpose. In case something happens to the company, you can still get your money through an authorized bank.
• Muchbetter is not responsible for errors made by the user (for example, if he sent funds to the wrong account) and for third-party fees (for example, from banks involved in transaction processing).
• You can send your complaint to [email protected] and it will be handled according to the rules of the regulator.
• Muchbetter can suspend your account if it suspects fraudsters have accessed it. It can also block it permanently if it suspects you of illegal activity. In the latter case, you will receive a notification to your email 60 days before blocking, and your funds can be withdrawn.
• Muchbetter is committed to keeping your personal information secure.

Customer Service

There is a special section on the site and in the app to help users. There’s a handy help center with answers to the most common customer questions. They are well sorted, so the first thing to do is to look here and look for an answer. If you can’t find one, use the chat window. It is a bot, but there is also a button “Contact” – there you should leave all the important information: name, e-mail, category of the question, subcategory (this will immediately direct your appeal to a qualified specialist), the subject of the letter and, actually, your message. Describe the situation in detail with the exact dates and amounts. You can also attach screenshots. Even since the covid started, the support service is slower to respond. You will receive a letter from her to the email you have indicated. Please remain polite and tactful even in conflict situations.

Is Muchbetter a Scam?

Muchbetter is a legitimate European company licensed by strict regulators. You don’t have to take our word for it; you can verify this on official regulatory websites. MuchBetter is not a scam, but like any payment system, it may occasionally experience transaction issues, mostly of a technical nature. Delays, hiccups, or bugs are possible, but according to our observations, such occurrences are rare. Most users never encounter any problems at all.

Conclusion

If you need a payment system for transfers to gambling platforms, Muchbetter is a reasonable choice. It offers lower commissions compared to competitors, supports crypto deposits and withdrawals, and ensures security and speed.