How MuchBetter Developed
Israel Rosenthal and Jens Bader founded MuchBetter in 2016 to give the iGaming industry a secure, simple payment method built for its needs. From day one the company has concentrated on the experience of online casino players and on what operators require.
The main steps since then:
- 2017: the mobile app and eWallet launched, with instant transactions and new security features. Players could deposit and withdraw with a few taps on their phone, and the app quickly caught on in iGaming.
- 2018: the UK Financial Conduct Authority (FCA) licensed MuchBetter as an electronic money institution, confirming its focus on secure and compliant payments for gambling.
- 2019: MuchBetter introduced a dynamic CVV code, making it much harder for fraudsters to reach sensitive card data.
- 2020: partnerships with leading online casinos, sportsbooks and poker sites extended its global footprint.
Its work has been recognised with EGR B2B Awards for Innovation in Payment Solution and Mobile Payment Solution of the Year. Low fees, fast processing and tailored rewards programmes keep the wallet popular with operators and players, and integration through casino aggregator APIs keeps the setup efficient.
Strengths and Drawbacks
Before adding MuchBetter to a cashier, weigh up these points.
Strengths
- Deposits and withdrawals
- Low fees
- Bank-grade encryption
- Loyalty programme
Drawbacks
- Works on mobile only
- Verification takes time
Getting Started with MuchBetter
Players first open and verify a MuchBetter account. After that, casino payments take a few taps:
- Open an account: go to the MuchBetter website or get the app from the Play Store or App Store. Complete the registration with the requested details, such as a phone number and access code, and confirm the account with the code sent by email or SMS.
- Top up the wallet: log in and choose a funding method, for example a credit or debit card or a bank transfer. Enter the amount and confirm, so there is enough balance for casino play.
- Find a casino that accepts MuchBetter: choose a licensed, regulated site that follows industry standards for security and fair play.
- Register at the casino: sign up with the required personal details, accept the terms and verify the account as the casino asks.
- Deposit with MuchBetter: in the cashier, select MuchBetter, enter the amount, log in to the wallet when prompted and confirm. The money then shows up in the casino balance.
To cash out, the player picks MuchBetter as the withdrawal method in the cashier, enters the amount and confirms. How long a payout takes depends on the casino, so its terms and conditions are worth checking.
Availability
The MuchBetter app works in 180 countries and offers localised service in 17 languages. It also handles many local currencies, so players avoid conversion and the fees that come with it.
Funding Options
Beyond the wallet itself, MuchBetter can issue a free Mastercard to users in EEA countries for quicker payouts. Players fund their accounts with local payment methods and currencies, and the wallet shows the most popular options for each market, which can range from Interac in Canada to cryptocurrencies available worldwide.
Customer Support
MuchBetter’s experienced, multilingual support team works 24/7 and aims to answer emails within a few hours. Many questions are already covered in the Help Centre, which is a good first stop.
Security Features
MuchBetter is known in fintech for creating the world’s first dynamic CVV code. On an ordinary card, the CVV is the three-digit number printed on the back. The MuchBetter debit card has no printed CVV: the code lives in the app and changes with every use, so the card cannot be misused even if someone else gets hold of it.
Accounts are also protected by a passcode needed to open the app, an activation code sent whenever a new device is registered and optional Touch ID in place of the passcode.
Licensing and Memberships
MuchBetter is an electronic money institution (EMI) licensed and regulated by the UK Financial Conduct Authority (FCA). It is also a member of the Electronic Money Association (EMA) and the Fintech Financial Crime Exchange (FFE).
MuchBetter FAQ
How secure is MuchBetter for gambling payments?
Very. Device pairing, Touch ID, dynamic security codes and transaction reviews all protect players’ money and data.
Is MuchBetter licensed and regulated?
Yes. The UK Financial Conduct Authority (FCA) licenses and regulates MuchBetter, so it follows strict rules on payment services, safeguarding customer funds and fighting fraud and money laundering.
What features does MuchBetter offer for online gambling?
Instant transactions, low fees, a simple mobile app, tailored rewards and strong security, including dynamic CVV codes.
Can players both deposit and withdraw with MuchBetter?
Yes, at casinos that support it. Players choose MuchBetter in the cashier and follow the prompts. Deposits are usually instant, while payout times depend on the casino’s terms.
