History

MuchBetter was founded in 2016 by Israel Rosenthal and Jens Bader, with a mission to provide a seamless, secure, and innovative payment solution tailored to the iGaming industry. Since its inception, MuchBetter has been focused on delivering a unique user experience and addressing the specific needs of online casino operators and players.

In 2017, the company launched its mobile application and eWallet, offering instant transactions, innovative security features, and enhanced user experience. This revolutionary app-based wallet quickly gained traction in the iGaming industry, as it enabled users to make deposits and withdrawals with just a few taps on their smartphones.

Muchbetter logo

In 2018, MuchBetter received its license from the UK Financial Conduct Authority (FCA), allowing it to operate as an authorised electronic money institution. This milestone reinforced the company’s commitment to providing a secure and compliant payment solution to its clients in the online gambling sector.

The following year, MuchBetter introduced its unique dynamic CVV code feature, which provided an additional layer of security for users, thus making it even more difficult for fraudsters to gain access to sensitive information.

In 2020, the company expanded its global reach by securing partnerships with leading online casinos, sportsbooks, and poker sites, further solidifying its position as a preferred payment provider in the iGaming industry.

MuchBetter’s ongoing commitment to innovation and excellence has led to several awards, including the EGR B2B Awards for Innovation in Payment Solution and Mobile Payment Solution of the Year. These accolades highlight the company’s dedication to providing a top-notch payment solution specifically designed for the online gambling sector.

With its unique features, such as low transaction fees, rapid processing times, and tailored rewards programs, MuchBetter continues to grow in popularity among online casino operators and players alike. Through its integration with casino aggregator APIs, this eWallet provides a seamless, efficient, and secure payment experience for the ever-evolving iGaming industry.

Pros and Cons

Let’s check the advantages and disadvantages of using MuchBetter in online casinos.

Pros

  • Supports deposits and withdrawals
  • Low fees
  • Bank-grade encryption technology
  • Loyalty program

Cons

  • Mobile use only
  • Lengthy verification procedure

How to Use MuchBetter in Online Casinos

Before players can use MuchBetter to fund their casino accounts, they need to set up an account with the payment processor and verify it. The entire process is outlined below.
  1. Create a MuchBetter account: Visit the MuchBetter website or download the mobile app via Play Store or App Store. Follow the registration process and provide the required personal information, including phone number, access code, and other personal details. Verify your account using the validation code sent to your email or mobile number.
  2. Fund your MuchBetter eWallet: Log in to your MuchBetter account and choose a funding method, such as a credit/debit card, bank transfer, or another available option. Enter the desired amount and confirm the transaction, ensuring your eWallet has sufficient funds for your online casino activities.
  3. Choose an online casino that supports MuchBetter: Select a reputable online casino that accepts MuchBetter as a payment method. Ensure the casino is licensed and regulated and that it adheres to industry standards for security and fair play.
  4. Register with the online casino: Create an account at the chosen online casino by providing the required personal information and agreeing to the terms and conditions. Verify your account as per the casino’s requirements.
  5. Deposit funds using MuchBetter: Navigate to the online casino’s cashier or banking section and select MuchBetter as your preferred deposit method. Enter the amount you wish to deposit, and follow the prompts to log in to your MuchBetter account. Confirm the transaction and wait for the funds to appear in your casino account.
To cash out your winnings using MuchBetter, head to the casino’s cashier or banking section and select MuchBetter as your withdrawal method. Enter the amount you wish to withdraw and confirm the transaction. Withdrawal processing times may vary, so check the casino’s terms and conditions for details.

By following these steps, you can seamlessly integrate MuchBetter into your online casino experience, thus ensuring secure, efficient, and user-friendly transactions.

Regions

MuchBetter app is available in 180 countries worldwide, with localised services in 17 different languages. It also supports various local currencies, thus removing the need for currency conversion and the fees that follow.

Payment Methods

MuchBetter is a mobile eWallet that can even issue free Mastercard within EEA countries for faster payouts. Players can top up their MuchBetter accounts using local payment methods and currencies. The most popular payment methods will be listed in the eWallet and can range from Interact in Canada to globally-available cryptocurrencies.

Customer Support

The MuchBetter multilingual and experienced customer support team is on call 24/7, and they work hard to respond to all email queries within a few hours. However, before you reach out to the support team, you can check out the Help Centre and find answers to the most frequently asked questions, as well as many other details.

Security

MuchBetter is one of the leading innovators of the fintech industry. The company has created the world’s first dynamic CVV code. The CVV code is a three-digit number on the back of your credit or debit card. The MuchBetter debit card does not feature this number — rather, it is stored in your MuchBetter app and changes every time you use it, making it impossible for someone to misuse your card, even if it is in their possession.

Another way MuchBetter protects player accounts is via a passcode you need to type in to be able to log in to the app. There’s also the activation code that’s sent every time a new device is registered, plus a TouchID you can enable instead of a passcode.

Licenses

MuchBetter is an electronic money institution (EMI) licensed and regulated by the UK Financial Conduct Authority (FCA). It is also a proud member of the EMA (Electronic Money Association) and the FFE (Fintech Financial Crime Exchange).

FAQ

How secure is MuchBetter for online gambling transactions?

MuchBetter employs stringent security measures, including device pairing, touch ID, dynamic security codes, and a transaction review system, thus ensuring a safe and reliable payment solution for online gambling.

Does MuchBetter hold a license and follow regulations?

Yes, MuchBetter is licensed and regulated by the UK Financial Conduct Authority (FCA). As such, it adheres to strict guidelines for providing payment services, protecting customer funds, and combating fraud and money laundering.

What key features does MuchBetter offer for online gambling?

MuchBetter offers a full suite of services for the iGaming industry with features such as instant transactions, low fees, a user-friendly mobile app, tailored rewards programs, and enhanced security measures, including dynamic CVV codes.

Can I use MuchBetter for both deposits and withdrawals at online casinos?

Yes, MuchBetter supports both deposits and withdrawals at compatible online casinos. Choose MuchBetter in the cashier or banking section and follow the prompts for transactions. Deposit processing is typically instant, while withdrawal times may vary based on the casino’s terms and conditions