Even though many e-wallets and other payment methods are more commonly used for gambling than for anything else, there are very few that are actually made specifically for this industry – but MuchBetter is. This e-wallet has a goal to be the cheapest option in terms of fees for the iGaming industry, which is good both for players and for online casinos. Using the wallet is both easy and fast, and the only thing you’ll need is their app. Learn more about the service as a casino payment method in our MuchBetter review.
The first thing you’ll need to do is to sign up for an account with MuchBetter. This is done by downloading their app, entering your personal details, such as name, date of birth, and address (kind of the same information you will need to sign up for an account with an online casino). You then verify your identity with a valid ID and proof of address. Once that’s done you’re all set, and can fund your MuchBetter account.
At the casino you choose the MuchBetter deposit method. You’ll then have to log into the MuchBetter app on your phone and verify the payment from there. The transfer will be instant, and you can start gambling straight away. Since you have to authorize the payment from your app this is especially easy for all players who prefer playing from their mobile devices.
A MuchBetter withdrawal is both fast and easy. As long as you have used this payment method to make a deposit into your casino account it will show up as an option for withdrawals in the cashier at the casino. For a casino to be able to approve the withdrawal to this method, the winning deposit that you’re withdrawing winnings from must have come from this e-wallet. If not, your withdrawal request will be denied. If you’re eligible for a withdrawal to your e-wallet all you'll have to do is add the amount you want to cash out, and that’s it.
As soon as the casino’s payment department has approved your withdrawal, the transaction will be instant and you’ll have access to your funds in your e-wallet straight away. From this wallet, you can either withdraw again to your bank account, or you can spend directly from the wallet using the MasterCard debit card you’ll get, or through some of their wearables. Key chains and a watch are some of the wearables Much Better offers, so that you can pay from your virtual wallet even when you’ve forgotten your card at home.
E-wallets are usually the easiest payment methods to verify at online casinos, simply because a screenshot is all you need. Just open up the app on your phone, go to the account information and take a screenshot of that page. You might also be asked to send a screenshot of one of the transactions going to the casino, and for that, you just go to your transaction overview and take another screenshot that shows the casino deposit being deducted from your account. However, you might also be able to dodge all of this, since some casinos simply don’t verify e-wallets. In that case, you might be required to use the same email address for both your e-wallet and your casino account.
The limits per MuchBetter transaction vary greatly at the different casinos offering this payment method. Some have limits under one thousand euros, while others will allow you to transfer several thousands in one go. You’ll simply just have to check the limits on the deposit page of the MuchBetter casinos you wish to play at. The lower limit for deposits is, however, usually €10.
The whole point of the MuchBetter e-wallet is that it’s aimed at online casinos, and is supposed to be the cheapest option. Whether it is for you, or not, depends on the casino. Some casinos will choose to cover your MuchBetter fees, while others will not. So the actual fees, if any, is also something you’ll have to check the casino’s website to find out.
Some casinos are blocking deposit bonuses, especially for the welcome bonus, for e-wallets. Usually, though, this only affects the Skrill, Neteller and in some cases ecoPayz wallets; very few actually block MuchBetter. That means you should have no problem taking advantage of a casino bonus when you’re using this deposit method. If a casino would block MuchBetter it would more often than not be only for your very first deposit, which means you can still partake in ongoing reload bonuses and campaigns.
As for exclusive MuchBetter bonuses, that’s not something we’ve come across, so far. It could be that a casino has a specific campaign only for this deposit method, but it’s far from common. Usually, payment method campaigns are something only offered at crypto casinos or hybrid casinos, and that’s for depositing with cryptocurrency, such as Bitcoin. Since this wallet is only for fiat currencies, MuchBetter payments will not qualify.