MuchBetter is a digital payment provider founded in late 2017. It offers a digital wallet, payment gateway, Mastercard prepaid card (unavailable in Australia), and even wearables (not yet released). MIR Limited UK Ltd, a UK-based company, owns it.
MuchBetter is a well-known payment method worldwide, especially among gamblers. Many online casinos support it, including those in Australia. It’s among the fastest-growing banking solutions in the online gambling world. MuchBetter is secure, fast, convenient, and easy to use. Naturally, it comes with a few downsides, like only being able to withdraw a specific number of times.
There’s much to discuss about MuchBetter casinos, and I’m here to provide the crucial details. My name is Bart, and I have extensive experience reviewing online casinos in Australia and their payment methods. Let’s see what I’ve discovered about MuchBetter.
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I’ve scoured the web for decent online casinos that support MuchBetter deposits and withdrawals. However, not every casino is worth our time. So, I only reviewed the most reputable ones, looking at MuchBetter payment details, fees, times, and limits. I’ve also analysed the games, bonuses, and everything else they offer. This has led me to only the best MuchBetter casinos in Australia, which you can view below.
MuchBetter is a digital payment provider founded in late 2017. It offers a digital wallet, payment gateway, Mastercard prepaid card (unavailable in Australia), and even wearables (not yet released). MIR Limited UK Ltd, a UK-based company, owns it.
The UK Financial Conduct Authority (FCA) licenses and regulates it as an electronic money institution. The service operates in around 180 countries, including Australia, and supports 17 languages.
MuchBetter has received multiple awards, including the Best Innovation in Payments 2021 award at the Financial Services Forum (FSF) and the Innovation in Payments Solution at the EGR B2B Awards in 2020.
The MuchBetter wallet lets you top up, store, send, receive, and withdraw your money. As a result, you can freely deposit and withdraw money from Australian casinos that support this payment provider.
Security is high, and you can log into the app and make transactions using a passcode and biometrics. Moreover, transactions are secured with device pairing. In other words, the wallet has a review system for filtering illegitimate transfers.
MuchBetter also has a loyalty program based on digital MB Coins. You earn 1 MB Coin for every 10 units of your local currency that you top up. Once you have at least 100 MB Coins, equal to 1 unit of your local currency, you can convert these coins into cash.
With an active and fed MuchBetter account, you can easily send money to your casino account as long as it supports MuchBetter deposits. The process is quick and free, and deposits are completed instantly.
The same is true for withdrawals, but these often take longer, usually up to a day, to complete and might come with a fee.
Depositing with MuchBetter is simple and easy, but you must set up a MuchBetter account first. Let me show you the entire process through a simple step-by-step guide:
Create a MuchBetter account: Visit the official MuchBetter website and click the Get MuchBetter button. Provide personal details like your phone number, full name, date of birth, address, and email. You’ll also need to choose the passcode you’ll use to log in.
Verify your MuchBetter account: MuchBetter will send a verification code via SMS to your phone number. Enter the code to verify your account and start using MuchBetter.
Download the MuchBetter app: MuchBetter is much better (pun intended but also true) on the phone, so you should download the app from the Apple App Store or Google Play Store and log in.
Top Up Your MuchBetter Wallet: Choose one of the available top-up methods in the MuchBetter app and transfer some funds to it.
Choose a MuchBetter casino: Pick one of the top Australian MuchBetter casinos from my list and click the link to visit the official site. I sometimes have exclusive deals with these sites, meaning you could get a better welcome bonus than players not using my link.
Create an account at the casino: Follow the registration procedure to the end. You’ll likely have to input personal details like your name, address, and email. The casino will also want to verify your account by sending a confirmation email or code via SMS.
Visit the Deposit section and find MuchBetter — Once the account is ready, visit the Cashier or Deposit section. Locate MuchBetter from the list of available deposit methods. Input your phone number (connected to your MuchBetter account) and the amount you want to deposit.
Enter the CVV code and complete the deposit — MuchBetter uses a four-digit CVV code to verify your money transfer request. The code is unique to each transaction and sent to the phone number you entered at the casino. Once you confirm the transaction, the money will instantly reach your casino account.
The process might seem complex at first, but trust me, it’s only a minor hassle the first time around. Every subsequent deposit will be made with a few clicks because you’ll only have to follow the last two steps in my guide.
Just as I did for deposits, I created a step-by-step guide for making withdrawals in MuchBetter casinos:
Log in and visit the Withdraw section: Log into your casino account and open your Profile/Account. The Withdraw section will be located here.
Choose MuchBetter and request a withdrawal: Locate MuchBetter among the available payment methods. If you’ve already used it for depositing, the phone number will be there, so you’ll only need to input the amount you wish to withdraw. Confirm and request the payout.
Wait to get the funds: Once you’ve requested a cashout, you can only wait. The casino first needs to process and approve the withdrawal. After that, MuchBetter will process the transaction instantly, and you’ll see the funds within your MuchBetter account.
Withdraw funds from MuchBetter — If you want to use your winnings outside of MuchBetter, you’ll need to withdraw them. Just visit the Withdraw section on the MuchBetter app, choose the withdrawal option and input the amount you want to take out. Confirm and wait for the money to reach your chosen withdrawal method. The waiting time will largely depend on that method. Bank transfers usually take 3–5 business days.
As I’ve mentioned, MuchBetter casino deposits are instant, while withdrawals are typically processed within 24 hours, sometimes as fast as one hour. This could take longer in rare instances if the casino needs more time to process the payment or MuchBetter’s system is slower than usual.
Deposits are typically free of charge within casinos, with the same thing being true for withdrawals. Some casinos might still impose a small fee, but this is rare. More than that, I only recommend such casinos if everything else they offer is bonzer.
Lastly, MuchBetter itself has some fees you need to consider. When you withdraw funds from your account, you’ll usually have to pay a 2% fee, or 2.5% if you want to withdraw directly to your bank account. Also, you’ll have to pay a 0.99% conversion fee if you want to use AUD because MuchBetter primarily supports USD, EUR, and GBP.
MuchBetter is one of Aussie gamblers' most popular payment methods for a good reason.
It has many benefits, and its few downsides won’t ruin the experience and convenience you get. I don’t appreciate that it’s not fully made for Australians and that you have to suffer a small conversion fee, but I still like how easy it is to use and how cheap and fast the transactions are.
All in all, here’s a selection of the pros and cons that I have found with MuchBetter:
Pros:
Instant transactions as a norm
Handling of casino withdrawals often within hours
Unique CVV number for every transaction
Fingerprint ID and passcodes
High ease of use and convenience
Minimal or no fees for most transactions
Availability in numerous Australian casinos
App for both iOS and Android users
Cons:
2% or 2.5% fee to withdraw funds from MuchBetter
0.99% conversion fee for AUD users
Not accepted by some Aussie casinos
Limit on the number of withdrawals allowed
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Yes, it’s a safe payment method where you need fingerprint ID or a passcode to make a transaction, and the provider can freeze your account if you feel its security is compromised.
MuchBetter offers 24/7 customer support through the in-app contact form or email, and agents typically respond within a few hours.
Typically, MuchBetter can be used for both deposits and withdrawals at Aussie casinos.
You can use MuchBetter on your desktop or laptop through any browser or download the MuchBetter app for Android or iOS.
Yes, they are usually completed within a day but can take longer if you haven’t verified your account.
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