MuchBetter is one of the most interesting new betting deposit additions in recent years and whilst still in it’s infancy does have some of the established e-wallets rattled.
Designed for the online gambling field, MuchBetter is an e-wallet with a few added extras. To find out all about those added extras and which betting sites accept MuchBetter payments, just keep reading.
Best MuchBetter Betting Sites
*Currently 888Sport and Betfair are the only online bookmakers we recommend offering MuchBetter – if more adopt this payment method then we’ll update our list as soon as it happens (last update 15-04-2024).
MuchBetter Accepted Betting Sites: Deposits & Withdrawals
| Bookmaker | Min | Deposit | Withdraw | Fees |
|---|---|---|---|---|
| 888Sport | £10 | Instant | 4-5 days | 0% |
| Betfair | £10 | Instant | 4-5 days | 0% |
MuchBetter Betting With 888Sport
What are they like?
With just a couple of options available for customers that want to use MuchBetter as their preferred payment option for sports betting, top of our best MuchBetter betting sites list is the extensive 888Sport, who earned a very respectable 4.5/5 star rating in our reviews.
Being part of the 888 family that also includes poker and casino gaming, 888Sports is a site that offers an extensive range of sports betting for its customers, with a good selection of markets on most fixtures, plus generally favourable odds too. In fact, we only marked it down because we felt its Live Streaming options were a bit limited and its stats and data sections were not that extensive.
However, one thing to note with 888Sport for customers that want to use MuchBetter is that it does expressly state in the terms and conditions of the welcome offer, that deposits made by this method will not qualify for the Welcome Bonus. As such that is something to take note of, especially if you want to access this particular bonus.
MuchBetter Betting With Betfair
What are they like?
If 888Sport doesn’t float your boat, or you are looking for a betting site that also has access to a betting exchange, then Betfair may well be of interest to you. The site scored 3.5/5 on our review ratings, losing marks due to the unfair fees charged and the fact that the site’s introductory offer pushes you to the betting site, while we feel the exchange offers better value in the long term.
However, Betfair does have a lot going for it, including extensive betting options, a wide range of bets on each market and of course, the Betfair exchange does offer customers a different way to gamble, if that is of interest to you.
Unfortunately, as is the case with 888Sport above, if you make your initial deposit with Betfair and want to access the Welcome Bonus offer, then you will need to find a different payment method for this initial deposit as only debit card and Apple Pay deposits are eligible for the Welcome Offer with the site, which is disappointing.
Mobile MuchBetter Betting Sites
App stats:
- Bonus: Bet £10 get £30 + £10 casino
- Size: 14.7MB
- Speed: Very Good, a neat, easy to use and accessible app.
- Stability: Very Good, had a few niggles in the past but a stable app now.
- Compatible: iOS and Android
888Sport’s mobile app is one of the more impressive online options for mobile users and we’re happy to list it as the best MuchBetter betting site for mobile users. With versions for Apple and Android devices, the app is very similar to the striking 888 Sport website and that same functionality and ease of use has been transported over to the mobile version well.
As you will be aware, 888Sport scored a high 4.5/5 in our review and its promotional offer is a good one, especially for those punters that like casino gaming as well as sports betting. The site is easy to follow, easy to use and placing bets is simple and straightforward. The live betting service is pretty good, but where 888 does lose marks is in its limited live streaming options.
The minimum deposit you can make using he MuchBetter payment service is £10 and that is also the minimum withdrawal amount. 888 does have a withdrawal limit of £30,000 per day, although it does not expressly state what the maximum withdrawal amount via MuchBetter is.
Processing times are around 1-5 days although can be longer if verification is required and you must have deposited into your 888Sport app using MuchBetter in order to receive a withdrawal via this method.
One thing to note though is that you would need to use a different deposit method to claim the starter bonus initially, such as a debit card, before switching to use MuchBetter if you wanted to access the Welcome Offer for new customers.
How To Use MuchBetter For Online Gambling
How To Open A MuchBetter Account
Your first step to using MuchBetter to fund a betting account is to download the MuchBetter app. The app is available for Android here and iOS here. You can download it straight from either the Play Store or the App Store if you prefer.
When you first access the app, on-screen instructions take you through a simple registration process. You’ll have to provide some basic information. That will include your name and address, and your email. You’ll also need to enter your mobile number, as it will double as your MuchBetter account number.
Once you’ve provided those details, you’ll be able to use some of the more basic MuchBetter features. To gain full access to the service – to be able to send money or make withdrawals – you’ll have to validate your identity. You can do this by sending an electronic copy of your passport or other photo ID.
Your next step is then to fund your new MuchBetter account. To do this, tap the ‘Top Up’ button on the app’s homepage. That takes you to the funding area of the app. Once there, you can choose how you wish to fund the account. Options include by debit card, by credit card and even via bitcoin. Whichever method you choose, topping up is like any online purchase by that method. You need to input all the same details (card number, expiry date, etc.).
Depositing: How To Bet Using MuchBetter
If you want to use one of the MuchBetter betting sites listed above, then the first thing you need to do is download the MuchBetter app.
Once you have downloaded the app, register yourself for an account. What is clever is that your mobile phone number will double as your MuchBetter account number, so this information, along with all your usual details (name, address, date of birth etc) will be required to sign up.
To do this, click on the Top Up option in the app and then select how you want to fund your MuchBetter account. This can include your debit card or bank account, and you can use cryptocurrency too if you prefer.
Once your MuchBetter account is funded, you can then use the account to deposit with your betting site.
Visit your betting site that accepts MuchBetter, visit the Cashier and in the deposit section select MuchBetter as your payment method.
You then complete the following steps:
- Enter how much you wish to deposit.
- Enter your MuchBetter Account Number (your phone number). Here, you must use the international dialling code with your mobile number. So instead of a standard 07912345678 number, you would instead use 447912345678.
- Submit the deposit request.
When the deposit is made, you will get an immediate notification in the MuchBetter app that the deposit has been requested and you now need to log into the app and click the “Send Money” button in order to complete the deposit.
Provided you have enough funds in the account, your deposit will be made and the funds will be in your sports betting account instantly.
How To Withdraw With MuchBetter
If you have deposited into your account using MuchBetter then the good news is that you can use it to withdraw funds from your betting account too.
- Simply log in to your betting account.
- head to the withdrawal section of the site and enter an amount you wish to withdraw from the total funds available in your account.
- Select the MuchBetter withdrawal option and enter in your mobile number (MuchBetter account number) remembering to use the international dialling code of 44 in the UK instead of the first 0 of your mobile number.
- Confirm the transaction and then the withdrawal will be initiated.
Funds can take between 1-5 days to reach your account using this method.
MuchBetter Fee’s: Take Note
Deposits to and withdrawals from betting sites via MuchBetter can be made free of charge.
Unfortunately, there are sometimes fees for funding your account in the first place. As well as for withdrawing any money back to a bank account or card.
When funding a MuchBetter account, you’re best off choosing to do so by bank transfer, Visa or Mastercard. They’re the funding methods that aren’t subject to any charge for UK residents. Funding your account by any other method will be subject to a fee of somewhere between 1.5% and 7%.
All methods of withdrawing funds from a MuchBetter account are subject to fees. You can find out the exact nature of these fees in the ‘Withdraw’ area of your account. The company do not make the fees obvious to anyone without their own MuchBetter account. You’re not likely to have a withdrawal method available to you, though, which won’t incur a charge of at least 2.5%.
Pros & Cons of MuchBetter Betting Sites
As with all payment methods, there are some positives and some negatives about using MuchBetter as a payment method to fund and run your betting site account. We’ll examine some of the key issues below.
Pros
- Very Secure – By using MuchBetter as an intermediary payment service between your bank account and the betting site, you add another layer of security for all your transactions in addition to those already in place on your sports betting site and banking site. This extra layer of security means that other than your phone number (which acts as your MuchBetter account number) no other identifying details are included on a transaction to a betting site.
- Dynamic Security Codes – Another great security feature is MuchBetter’s use of dynamic security codes (CVV codes) which ensures your transactions are protected and cannot be used if your details are stolen as the CVV does not remain the same but instead generates a new one for each transaction. Furthermore, depending on which mobile device you use with the service, the security features on your phone will also provide an additional layer of security (such as facial recognition or thumbprint ID).
- Specifically Designed For Online Gambling – Unlike other eWallet services which have been adopted by online gambling sites but which were originally designed for online retail and commerce, the MuchBetter service has been specifically designed for online gambling transactions.
- Optional Card – You can also get an optional debit card for your MuchBetter account if you so wish, which will operate in the same way as a MasterCard debit card and which can be used at any site that accepts MasterCard debit. This gives you a far greater option when it comes to selecting which betting site you want to join.
- No Betting Transactions On Your Statement – When you make a deposit to MuchBetter from your bank or withdraw from MuchBetter back to your bank, there is no mention of betting sites on your bank statements, just deposits to or withdrawals from MuchBetter.
Cons
- Fees – Transactions that involve moving funds from your bank account either into your MuchBetter account, or moving funds from your MuchBetter account to your bank account do incur a fee. Charges for deposits into a MuchBetter account are usually around the 1.5% to 1.7% mark while withdrawals from a MuchBetter account back to your bank account sees varying fee rates apply from 2.5% or greater.
- Choice – Not many bookmakers currently offer MuchBetter as a payment service, with many others preferring more established eWallet providers such as Neteller, Skrill or PayPal. This means that MuchBetter customers don’t have a wide choice of options when it comes to UK-based betting services. However, seeing as it was only founded in 2019, it will take time for the service to become more widely used and hopefully we can add to our best MuchBetter betting sites list soon.
Countries Where MuchBetter Is Accepted For Betting
Even though MuchBetter has only been around a few years, the fact it is a mobile service that is based online has seen it start to grow in popularity around the world. Most countries accept MuchBetter as a legal way to move money between accounts online, however there are some countries where the site is not available.
These countries are: Afghanistan, Bangladesh, Cameroon, Crimea, Cuba, Eritrea, Iran, Iraq, Libya, Myanmar, Niger, North Korea, Sierra Leone, Somalia, South Sudan, Sudan, Syria United States of America, Vanuatu, Venezuela, and Yemen.
Other than the countries on this list, and provided the country or state allows betting, then MuchBetter should be available.
Security: Stay Safe With MuchBetter
As an app that has been specifically designed for mobile gambling payments and services, you would expect that security is one of the key tenets of the MuchBetter service and we’re pleased to report that this is very much the case with some of the most stringent security measures in place we’ve found for any online payment method.
Anonymised Transactions
With the MuchBetter app providing the buffer between your bank account and the betting site, all transactions between your MuchBetter account and the betting site only require your MuchBetter Account Number (which is your international mobile phone number) to complete the transaction meaning all your personal information is kept safe.
Dynamic CVV Security Codes
In addition to the above, MuchBetter also offers multiple other layers of security. Firstly, all transactions require Dynamic Security Codes (CVV codes) to be generated which means rather than use the same CVV code for all transactions, a new one is generated for each transaction. This according to MuchBetter “makes it impossible for somebody to use your stolen card details online.”
Transaction Reviews
MuchBetter also has an extensive transaction review system in place to try and capture fraudulent users before they have chance to access funds that are not theirs. Obviously this is of benefit to punters who get extra protection againt fraud and hopefully will find their account blocked before any unauthorised usage takes place.
Banking & Device Security
Add to the above the security features of your bank and betting site plus those on your mobile device (such as PIN numbers, facial recognition or thumbprint recognition) and you have a payment method that offers as extensive a range of security as you would find anywhere else. This is one of the main positives in regards to MuchBetter and why adoption has a good chance of becoming industry wide in the future.
About MuchBetter
Originally designed as an online payment solution for online gambling sites, MuchBetter has grown beyond that original scope and now can be used for many different forms of payments online.
The service is app-based and designed for use on mobile devices, using your mobile phone number as your account number, and it is especially strong on the sheer volume of security features it offers, including dynamic CVV number generation, which makes it impossible for stolen card details to be used online.
Account holders can use the service to pay for and fund any number of services around the world, and they can also request a debit card to be sent out which is tied to their account which can be used at any outlet that accepts MasterCard debit.
How Does MuchBetter Work?
MuchBetter Contact Information
There are a number of different services you can use if you need to contact MuchBetter, all of which can be accessed from within the app or through the website.
Click on Help and you can check through a list of FAQs which may answer most simple queries, but if you need further support then there is an email service as well as a chat service available for customers to use.
The service is available 24-hours a day, 7 days a week.
Company History
Founded in 2016 and based out of Reading, England, MuchBetter is an e-wallet mobile service and app that has been designed initially for online gambling, but which has now expanded to cover many forms of online commerce and retailing.
MuchBetter has grown markedly since its release and now operates in over 180 countries around the world, and is available in 17 languages with offices in seven countries.
The service has also won numerous awards including the Best Innovator In Payments award at the 2021 Awards for Innovation and the EGR B2B Awards 2021 and the Best Mobile Payment Solution at the CNP Awards and SBC Awards both in 2021.
FAQ
What Is MuchBetter?
MuchBetter is an e-wallet that had been specifically designed for online gambling transactions but has now evolved into a fully blown e-wallet. It’s fair to say their in the marketplace to compete with the likes of PayPal and offer a very similar service.
Can I Get A MuchBetter Card?
MuchBetter do give users the option of getting their hands on a MuchBetter card. This is a virtual MasterCard that’s linked to your MuchBetter account. It has a card number, VVC code and all the other main features of an actual debit card. As such, you can use it with any betting site that accepts MasterCard for deposits.
Why Don't More Betting Sites Accept MuchBetter?
The MuchBetter e-wallet was launched in 2019 specifically with online gaming in mind so they really are the new kid on the block and need time to establish themselves in the market. Given their specific focus, it’s fair to assume that more sites will adopt the payment method in due course.
Who Owns MuchBetter?
MuchBetter is a brand owned and operated by MIR Limited UK. MIR Limited UK is a comparatively young company based in Reading. The company has been around since 2017. It’s licensed and regulated by the UK Financial Conduct Authority (FCA). The FCA recognise MIR as an Electronic Money Institution (EMI).
How Long Do MuchBetter Deposits & Withdrawals Take?
Depositing from your MuchBetter account to your betting site is completed instantaneously once the transaction has been verified. Withdrawing from any of the MuchBetter betting sites listed above back to a MuchBetter account takes anywhere from 1-5 days depending on the processing time for the bookmaker.
Are There Any Fees If I User MuchBetter?
While there are no fees for depositing or withdrawing to and from your betting account using the MuchBetter app, there are fees associated when depositing and withdrawing to and from your bank account and your MuchBetter account.
Will I Get The Welcome Offer If I Use MuchBetter?
This is something that you would have to check with your chosen betting site. Some betting sites explicitly state that deposits made using eWallet services are not available for welcome offers, while others may accept them provided certain conditions are met. Unfortunately the majoirty of MuchBetter betting sites won’t qualify you for their bonus using this method.
Is MuchBetter Safe To Use With Betting Sites?
Yes, MuchBetter is one of the safest deposit methods you can use with a betting site given the wide range of security features that are available through the app, as well as those contained on your mobile device and with your banking and betting provider.
Are There Any Similar Deposit Options?
As an eWallet service, there are other deposit options available that are similar to the MuchBetter app and they include PayPal, Skrill and Neteller, all of which can be used on a computer or also on a specially designed mobile app. However, these apps may not have all the same security features that the MuchBetter app has.
See Other Deposit Options:
