MuchBetter, a fintech company offering digital payment solutions, provides users with an e-wallet app that can be linked to various funding sources, including bank accounts, cryptocurrency, credit, and debit cards. The MuchBetter e-wallet enables transactions across different digital platforms, including online casinos. Even though MuchBetter Mastercard is widely accepted in many European countries, it is not available for New Zealander users.
Transactions Through MuchBetter
MuchBetter can be used by Kiwis for both deposits and withdrawals of funds at online casinos. The transaction process involves several steps. The BetPokies team listed them below.
How to Get MuchBetter
To create a MuchBetter e-wallet account and start making payments, follow these easy steps:
- Visit MuchBetter’s website or download the app.
- Fill in the brief form with personal data like your name, phone number, address, date of birth, and email.
- Choose a PIN code and double-check the information before submitting.
- Verify your phone number by entering the 6-digit security code sent by MuchBetter.
- Receive an SMS with a download link for the app from Google Play or the Apple App Store.
- Download the app and sign in using your phone number and PIN.
- Once registered, fund your MuchBetter account and start making transactions.
Benefits of MuchBetter registration include quick and free account creation, access to all wallet features, and reliable technical support.
Depositing at a Casino Using MuchBetter
Placing a deposit at an online casino with MuchBetter is very easy and fast. It will just take a couple of minutes of your time.
- Download the MuchBetter app and create an account.
- Link your preferred funding source to your MuchBetter e-wallet (bank account, credit/debit card, etc.).
- Fund your MuchBetter e-wallet from your linked funding source.
- Go to the cashier or payment section of your chosen online casino.
- Select MuchBetter as the payment method for deposits.
- Specify the deposit amount and ensure sufficient funds in your MuchBetter e-wallet.
- Confirm the transaction in the MuchBetter app when redirected.
Withdrawing Casino Winnings Using MuchBetter
Withdrawals with MuchBetter are just as easy as deposits. Just follow the guide we have prepared for you:
- Check if the online casino supports MuchBetter as a withdrawal option.
- Navigate to the Withdrawals section, and select MuchBetter as your preferred cash out method.
- Enter the desired withdrawal amount within your available balance and any specified limits.
- Confirm the withdrawal and follow any additional verification steps instructed by the casino.
- Once the casino approves the withdrawal request, the funds will be credited to your MuchBetter e-wallet.
MuchBetter Transaction Fees
In terms of fees, MuchBetter implements a transparent fee structure:
- While funding your MuchBetter e-wallet is generally free, some casino deposit methods may incur nominal fees ranging from 0% to 2%.
- Withdrawals from the MuchBetter e-wallet to your bank account or MuchBetter Mastercard may also carry specific fees (e.g., 0%-5%), depending on the transaction and currency conversion involved.
- Kiwis may pay a 2% fee for every deposit and withdrawal made using cryptocurrency, while a deposit and withdrawal flat fee is 0%.
- MuchBetter charges a management fee of $5 every month on inactive accounts. If your account balance is below $5, they will charge you what remains in your account and take the account balance to $0.
MuchBetter Mastercard: Convenient Payment Companion for Gamblers
MuchBetter Mastercard is a prepaid card that serves as an extension of the MuchBetter e-wallet. It provides users with a physical card that can be used for both online and offline purchases, including online gambling transactions at participating merchants. Here are some key features of the MuchBetter Mastercard.
- MuchBetter Mastercard has default low limits, such as a $300 limit for ATM withdrawals, but you can request higher limits by contacting support through the app.
- The only fees associated with using the MuchBetter Mastercard include a 0.99% fee for ATM withdrawals and a 0.99% currency conversion fee.
- The MuchBetter Mastercard prepaid card is exclusively offered to clients residing in Europe.
- Prepaid nature promotes responsible gambling. As a prepaid card, the MuchBetter Mastercard allows users to set a spending limit or budget and only use funds available on the card.
- MuchBetter has a transaction review system. It uses dynamic CVV and touch ID to ensure that only genuine transactions are authorised.
Pros and Cons of MuchBetter Mastercard
We gathered all the pros and cons of MuchBetter for you to see the whole picture and decide whether you want to use it for your online casino deposits.
Pros
- Manage your expenses with a preloaded card
- An opportunity to instantly freeze your card
- Convenient contactless payments
- No charges except for ATM withdrawals
- Acceptance at all Mastercard logo merchants
- Track transactions through the app
- Many safety features
Cons
- Not available in New Zealand
- Certain transactions may involve fees
- Some casinos may not accept it
- There are certain withdrawal limits
Can I Use MuchBetter Mastercard at Online Casinos?
MuchBetter Mastercard is not available for users from New Zealand. Even though this prepaid card can be used to deposit funds and withdraw winnings at online casinos, it will only be available if your MuchBetter account is registered to an address in Europe. If your account is registered in New Zealand, you will not be able to use the MuchBetter Mastercard for any transactions.
That said, Kiwi players still have other prepaid card options for online casino payments, including other services from MuchBetter, Paysafecard, Neosurf, Flexepin, and other options.
Conclusion
Our research shows that MuchBetter, with its e-wallet service and the associated MuchBetter Mastercard, provides a versatile solution for online gambling transactions. The service offers ease of deposits and withdrawals at online casinos, boasting a largely transparent fee structure, which, however, may include certain charges for particular transactions such as currency conversion or ATM withdrawals. However, the Mastercard option is available only to European residents, so Kiwi players can only use it if their account is registered to an address in Europe. Yet, it's also essential to consider the imposed withdrawal limits and the specific wagering website's acceptance of this payment method.
