You can find many MuchBetter betting sites in India, but how does it work? MuchBetter is a payment method for transactions to and from an online wallet. The similarities with e-wallets such as Skrill, Neteller and PayPal are remarkable, but MuchBetter is based on their mobile app.
MuchBetter was launched in 2018, focusing on simplifying transfers to and from online casinos. However, the technology itself can also be used for purchases anywhere on the internet as well as for transfers between private individuals. The payment method is secure and fast, with generally affordable fees. Read more below about how it works here, or find the best MuchBetter betting site in our toplist below.
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MuchBetter is still considered a relatively new payment method on the market but has become available over recent years at many new online bookmakers in India. With the ease of making transactions, along with a few fees and a mobile app offering you a complete overview of your banking, it’s easy to understand why it has become so popular.
In all likelihood, MuchBetter will be added to the options of more bookies and online casinos India little by little. It is never a disadvantage for a site to broaden the possibilities for deposits and withdrawals. As a rule of thumb, sites with a tradition of having many payment methods in the cashier will most likely already be a MuchBetter casino.
What is MuchBetter? How can you use this payment method for online deposits and withdrawals on the top 100 betting sites in India? These questions and many more will be answered if you read our practical guide!
Opening a MuchBetter account is easy and relatively quick. The first step is to download an app. It is available for both iPhone/iPad via the App Store and Android via Google Play.
You will first be asked to enter a four-digit code when you open the app. Once that’s done, enter your mobile number. You should then wait for a text message containing a six-digit verification code.
To complete the registration process, you need to choose a payment method, such as VISA, and enter the details requested by the app. The idea is to ensure that you are the owner of the payment method you choose. Once the verification is complete, you can make a first deposit into your account.
You can also choose to complete the registration process on the MuchBetter website. This may be perceived as a slightly easier way.
MuchBetter is a pure online wallet. This means, for example, that all casino deposits are made from your account balance. For Indian players, there are currently three payment methods that are the focus. These are VISA and MasterCard, bank transfer and Bitcoin.
Important to note is that support for Indian Rupees is not available at the moment. The deposit is automatically converted to Rupees, but a fee might be added for the currency exchange. The only currencies available today are USD GBP or EUR.
MuchBetter, like all e-wallets, has fees for various transactions. These are fees for sending money to the account and fees for withdrawing money from MuchBetter to a bank account. The fees are still on the lower side compared to many other options, so it’s an affordable option.
MuchBetter also offers a virtual MasterCard and a so-called key fob for wireless payments in the real world. The virtual card can be used for payments just like a regular MasterCard online. For extra security, the CVV code is changed for each transaction.
To get these features, you need to send in a picture of your passport or driving licence, for example, to identify yourself further. There is also the possibility to take a “selfie”.
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Yes, in fact, there are many! It’s not as widespread as UPI betting sites, for example, but it’s likely just a matter of time.
Yes, the good thing about MuchBetter is that you can use it to pay whatever you want. You can order a debit card connected to your MuchBetter account and use it anywhere VISA is accepted.
The MuchBetter brand, website and service are operated by MIR Limited UK Ltd, a UK company. The company is licensed and regulated by the UK Financial Conduct Authority (FCA). MuchBetter is still a new product (2018), but the team behind the site is seasoned with extensive experience in both finance and betting.
Depositing with MuchBetter at online casinos and Indian betting sites is easy. If the logo for the payment method is listed in the cashier of the casino site, just click on it and follow the instructions. The process of depositing is done in three steps:
Players looking for instant withdrawal betting sites find MuchBetter to be a good option. Withdrawals with MuchBetter are instant, so in theory, you’ll get your money in your online wallet immediately. However, the actual transaction time will depend on how long it takes the bookie to process your withdrawal request.
To request a withdrawal, all you have to do is select the amount and enter your mobile number. You do not pay any fees for withdrawals from casino sites.
This payment method is exemplarily easy to get started with and to use. However, questions can always arise. As an account holder, you can contact support 24/7 and get quick answers to your questions. Live chat and email are the contact channels. The payment service’s site also has a large FAQ with frequently asked questions and answers.
Do we really need another online wallet? Does MuchBetter have features and qualities that make it a better choice than Neteller and Skrill, for example? We would say that MuchBetter is just a “better” and slightly easier way to use online wallets for casino deposits and withdrawals. Everything works a bit smoother than it does for Neteller, for example.
The fact that the method can be used almost free of charge is another advantage, and the fact that security is the highest possible is another. Sure, the payment method has an uphill battle in competition with existing, more well-known alternatives, but we think MuchBetter can grow quite big in India.