Have you heard of the revolutionary eWallet app, MuchBetter? If not, you’re in for a treat. Despite being a pretty new eWallet, it has already gained quite a bit of traction and even won awards. In this review, we’ll take a look at why exactly MuchBetter has quickly become such a popular eWallet.
What is MuchBetter?
MuchBetter, an app-based eWallet, has become very popular in the gaming community. You can use the app to quickly deposit and withdraw funds when you are playing games online. This eWallet provides a high level of security, speedy transactions, and minimal fees. According to our review of the app, MuchBetter’s biggest draw is its level of convenience; all you have to do is confirm transactions directly from your phone.
Benefits of MuchBetter
You don’t have to worry about going through a lengthy registration process in order to use money on your favourite gaming sites. MuchBetter’s eWallet registration only takes about 5 minutes to review and complete.
MuchBetter is a leading eWallet in terms of security. We will touch upon their various methods of security later in this review.
Peer-2-Peer Payments Platform
MuchBetter’s P2P platform lets you send payments to friends and family instantly, in just 3 steps. All you have to do is input their phone number, the amount you want to send, and an optional message. Review what you entered, and then click send! You can also request payments with the P2P platform. Sending and receiving payments with the MuchBetter eWallet couldn’t be simpler!
Who doesn’t like getting free stuff? The more you use MuchBetter, the more points you will earn, which can be used to win cool prizes. So, how exactly does it work? Well, for every $100 and more that you spend on gaming sites with the MuchBetter app, you will get reward points. You will also get reward points for other options, such as depositing funds and sending money to family and friends. You will also soon be able to send gifts to people, which will also net you some points.
MuchBetter hosts a weekly draw; the more points you have, the more entries you will have in the draw. Each Monday, a random MuchBetter user will be selected to win cash, ranging from £2.50 to £100. If you have garnered 10,000 MuchBetter points in one week, MuchBetter will double your weekly draw amount.
Furthermore, MuchBetter has an annual MegaDraw; this gives you the opportunity to win a luxurious vacation. Last year, a lucky contestant won a trip to Las Vegas!
MuchBetter offers a prepaid Mastercard, which doesn’t really set it apart from any other eWallet. However, there is one unique device that you can sign up to receive if you have a MuchBetter account – a watch that lets you make payments! This sleek and stylish Swiss watch has a smart payments functionality integrated in its sapphire glass. You can coordinate the MuchBetter watch with your app and use it for contactless payments for any merchant that accepts Mastercard.
You don’t have to worry about somebody stealing your watch and using it to go on a shopping spree either. After every five transactions, your watch will freeze. You simply have to log into the MuchBetter eWallet app, select the watch in the device tab, and unfreeze it. You can also choose to freeze the watch at any time you’d like.
MuchBetter has a much better fee structure in comparison to other eWallets. We will break down their fees later in this review.
Registration and Verification on MuchBetter
In order to register an account for a MuchBetter eWallet, follow these steps to be able to instantly make and receive payments.
- Download the MuchBetter app or visit the MuchBetter website.
- Complete the fields in the quick form. It will ask for personal information such as your full legal name, phone number, address, date of birth, and email address. You will also need to create a PIN number. Review the information carefully before submitting it.
- After completing the form, MuchBetter will send a verification code to your phone. Input that code in the MuchBetter app or on the website.
If you created an account, at this point, it would direct you to download the app. To sign into the app, you will need to enter your phone number initially and then put in the PIN. When you login in the future, you will just have to enter your PIN and not your phone number.
Now your account is registered! However, you need to take steps to verify your identity before you can hold money in the eWallet. So, in order to do so, you will need to upload a copy of your passport or ID to the app before you can deposit any money for the first time. After a review of your document, your account will be verified.
Fees and Limits on MuchBetter
One of the reasons that MuchBetter has gained so much popularity is because of its attractive fee structure. Making payments to friends and family, as well as receiving payments from them, is free. Making payments to a merchant and receiving a transfer from a merchant is also free. Sending and requesting gifts are free, and requesting money are free as well.
When depositing money to your account, funding from a SEPA transfer or a bank transfer is completely free. Funding your account from VISA and Mastercard, on the other hand, have corresponding fees ranging from 1.5% – 5%, depending on your country.
SEPA bank transfers will have a 2% fee, and a Yandex withdrawal has a 2.5% fee. If you are making a wire transfer, there will be a 50 EUR charge + 2% of the total transaction. For an Interac e-transfer, you will have to pay a $4 fee. And, finally, there is a 2% fee for Bitcoin withdrawal.
When you first create an account, you will only be able to load and spend $2,500. When you verify your identity, your limits will be raised. For instance, you will be able to make $4500 in POS transactions per day, $22,500 per month, and $90,000 per year.
Other limits include 5 daily ATM transactions, and not exceeding 300 units of your account’s currency. Over a period of 30 days, you can make 15 ATM transactions for a total of 2000 currency units. And, in 365 days, you can make 180 ATM transactions over 20,000 currency units. This limit is linked to your country’s currency; for instance, in the UK, a daily POS limit would be 4500 GBP, whereas it would be 4500 EUR in Germany.
|ATM # of Transactions/Total Amount||POS Transaction Total Amount|
The great part about MuchBetter is that they will work with you to increase your limit. Just use the MuchBetter eWallet app to contact customer support and explain why you are requesting a higher limit. They will review your request and get back to you.
If you sign up for a MuchBetter eWallet account, your details will be protected by features such as touch ID, security codes, pairing of devices, and a transaction review system. MuchBetter’s card also uses a unique dynamic CVV. With this CVV, you will never use the same code twice. This allows you to be fully protected for every single purchase!
Deposit and Withdrawal Options
You will have several options to deposit money to your account, such as a debit or credit card, AstroPay, a bank transfer, and more. Your options will mainly depend on your country of residence. Make sure to click on your country to review what methods of deposit are available to you.
To deposit money into a merchant (online casino, poker, betting, forex) you will just have to provide the merchant with your MuchBetter eWallet account number and your associated mobile phone number. MuchBetter will then transfer your payment directly to the merchant.
You can use MuchBetter on the following merchants:
Also, there are more than 200 merchants you can use MuchBetter on.
Serviced and Restricted Countries
Please review the following list of restricted countries. The MuchBetter eWallet is available in all other countries besides these:
Trinidad & Tobago
We hope that you found this thorough review of the MuchBetter eWallet to be useful. In our review, we found that MuchBetter facilitates speedy payments, alongside excellent security and low fees. This eWallet, while new, has quickly established itself as a strong contestant for top gaming payment options.