Bank transfers are slowly being phased out and there is a way you can make payments without revealing any of your bank details. E-wallets like MuchBetter are at the forefront of phasing out these payments and are available in online casinos. That said, we’ll review MuchBetter as a payment method for casino players in Canada, covering anything and everything about the online payment system.
What Is MuchBetter?
It is an online payment system that offers online bank transaction solutions in a simple and easy way. Muchbetter is available in mobile devices (iOS and Android), and PC systems. The system is an established alternative to traditional payment systems and a much preferred method in online casinos.
Since MuchBetter is also available in smartphones, there are virtually no limitations to where you can enjoy your online casino game. The company was founded in 2016 and over the few years, it has already gained ground as an online financial alternative. You can load cash through bank transfers or Mastercard. It has a sophisticated online security system that guarantees safety and privacy for its members.
How Does It Work?
MuchBetter’s e-wallet system is no different from other online payment methods like PayPal. However, it is an e-wallet with a better usability and can be used anywhere in Canada. If you want to have your MuchBetter balance at your disposal, there is the MuchBetter credit card which can be used at any store. For safety purposes (especially with credit cards), Muchbetter is a member of the Electronic Money Association (EMA) which provides safety measures and security for money transactions, preventing fraudulent activities.
So, if you need an account, here are the steps to follow:
- Go to the MuchBetter official website and click on “get the app” or if in mobile device, download the app
- Follow all the download instructions to get the app to your device
- Complete the signup form where you’ll be asked your legal name, email address, and phone number
- Create a good 4-digit PIN which you’ll use as your password
- Once you’re through, the app will give you access to most of MuchBetter’s features. However, you’ll still not be able to make transactions due to verification
- To get full features, head over to the verification process and provide the required documents- ID or passport
- After confirmation, you will be given access to all of MuchBetter’s features
How to Deposit Money To Online Casinos Using MuchBetter
The process of making a deposit once you’re verified is quite easy. Just follow these steps and you’ll be able to add funds to your account.
- First off, check whether the online casino you are using accepts MuchBetter as a payment option. If not, you will have to look for the best online casinos with MuchBetter
- Register or sign in at the preferred online casino and go to the banking section
- Look for MuchBetter’s icon and click on it
- A new window will pop up and you’ll need to log in to your MuchBetter account using phone and the 4-digit PIN
- Once you’re in, select the amount you wish to transfer and confirm
- After confirmation, the funds will be instantly available in your online casino account.
- Play and enjoy!
How to Withdraw Money To Online Casinos Using MuchBetter
The withdrawal process is no different and might be easier than making deposits. As long as the amount you wish to withdraw is available in your online casino account, you can make a withdrawal. Remember, some casinos have two accounts, bonus account and withdrawable account. You may not be able to withdraw money from your bonus accounts until you reach a specific wagering requirement.
To make withdrawals, follow these steps:
- Go to the banking section of your casino
- Select withdraw and click on MuchBetter as a withdrawal method
- Input your phone number and the amount you wish to withdraw via MuchBetter
- Confirm the transaction (very important)
- Wait for money to be deposited in MuchBetter
It is worth noting that withdrawals made via MuchBetter may not be instantaneous. That’s because both companies need to verify if the amount withdrawn is available in your account and the withdrawal has to be forwarded to your MuchBetter address. It is a process that can take up to three days to show up in your account.
- Secure method to withdraw and deposit your money
- Has better encryption than popular payment methods like Paypal
- It is extremely easy to use
- It is available in most online casinos in Canada
- Instant deposits
- It is not available in most countries
- There are a few fees and charges for transactions
- Not yet popular around the globe
While this section may not be useful for online casino sites, it is worth knowing that MuchBetter has a fob device that allows you to make payments without use of a credit card. It is an ingenious contactless payment device that you link with the wallet, where you can use it to make payments just about anywhere- malls, train stations, coffee shops, etc. if you have the fob, you can actually use your winnings as soon as they appear in your MuchBetter wallet.
While it is still new, MuchBetter seems determined to be among Canada’s best online payments in Canada and the world. It has already gained traction as a reliable service with ease of use and a contactless payment method. If you need to look for an online system that benefits you as a member, MuchBetter is the way to go.