Guide to Using MuchBetter for Live Casino Payments in Canada
With so many great e-wallets out there, why bother spending time to find out more about MuchBetter casino payments? Because, as a closer look at the reviewed banking method shows, it many ways it really is much better than many earlier e-wallets.
Standing at the steering wheel of this revolutionary and mobile-first payment solution is a team with more than 100 years of collective experience in the industry. MIR Limited introduced MuchBetter back in 2017. By the next year, it was already scoring prestigious awards. The list includes EGR’s trophy for the Rising Star in 2018, as well as the Best Mobile Payment Solution in 2019.
The e-wallet is licensed by FCA and is certified as an e-money institution. It comes with a lot of innovative solutions to protect the funds and transactions. The headquarters of MIR Limited is in London, while there are also offices at the Isle of Man, in Costa Rica, and Bangalore.
Why do we think it is a smarter way to send, spend, and store casino payments when gambling in Canada?
- The e-wallet is a free-to-download-app for iOS or Android.
- It processes payments in CAD and BTC.
- It collaborates with Interac Online to make payments even cheaper.
Plus, lots of reputable online operators that accept Canadian players already added MuchBetter to their cashiers, so there should be no problem finding a good place to play at.
Making Deposits with MuchBetter
Like always, the first and logical step would be to go through the preferred live dealer casinos and to choose those that accept MuchBetter and Canadian players. Next, register an account.
To activate MuchBetter, you will need to:
- Download a free app for iOS or Android.
- Create an account. Standard information that you will need to provide includes your e-mail, password, name, date of birth, and address.
- Select the preferred way to fund your e-wallet. You can do so by cards, bank transfers, Interac Online, or crypto-wallets.
- Once you have topped up your account, you are ready to play.
In the casino account, select MuchBetter in the cashier and specify the amount you will be depositing. Then, the system will automatically redirect you to your e-wallet where you will need to use your login and password to approve the transaction. Keep in mind that you will need to pass additional verification via Touch/Face ID or dynamic codes.
Your casino account will be credited instantly. What is more, deposits are free of charge due to the P2P within MuchBetter. This is a peer-to-peer system where all registered users can send funds to one another free of charge.
Speaking of ways to load the account:
- You can do it via Interac e-Transfer absolutely free!
- Regular bank transfers are also free of charge.
- Funding the e-wallet by credit or debit cards will have a fee between 0% to 5% depending on the region.
- Send cash from your BTC e-wallet. MuchBetter will automatically convert it into CAD and will charge 2%.
Making Withdrawals with MuchBetter
Cashots with MuchBetter takes from 10 minutes to 24 hours. Factors that will delay the payment are:
- You’ve picked a casino that processes withdrawal requests slowly.
- Your casino account is not verified and you will need to wait for an additional 48 to 72 hours to pass the KYC.
Other than that, as soon as your win balance meets the minimum threshold, you can request a withdrawal. Provide the details about your MuchBetter e-wallet and wait for the funds to land under Pending. Click on Accept and use the wins whichever way you like.
For starters, you won’t even need to cash out from the e-wallet. Many online merchants accept payments from this banking solution. Also, you can simply re-deposit with the next casino of choice.
If, however, you decide to cash out the money from MuchBetter, here are ways to do it:
- Via Interac e-Transfer, with a fixed fee of 4 CAD.
- Send to Bitcoin wallets with a 2% fee.
- Via wire transfer, with 50 CAD + 2% fee charged to your e-wallet.
Things to Know About MuchBetter
What’s really cool about MuchBetter is that while the rest of the e-wallets were created for online purchases in general, this one was tailored to meet the need of online gamblers. It means that many services not available to those depositing by other e-wallets, will more often than not be available to MuchBetter users.
Promotions are one such thing. Casinos are usually very picky when it comes to allowing players that deposited via e-wallets to use promotional cash. The brands say it opens them to unnecessary risks.
The official website of MuchBetter, however, has a separate page with all the possible casino collaborations and promotions. The list is updated regularly.
Friendliness to cryptocurrencies is another major factor in favor of the reviewed banking method, especially considering how many reliable platforms with crypto there are for Canada.
Plus, the team works hard on developing a strong system of encouragement within the e-wallet. For instance, all transactions that exceed 100 CAD receive loyalty points. Players can accumulate these points to participate in prize draws.
The only thing that comes across as a bit of a downside for Canadians is the fact that free MasterCard debit cards by MuchBetter are currently only available to the EEA residents.
Top 3 Benefits of MuchBetter
Free Interac Transactions
Load your MuchBetter e-wallet with Interac e-Transfers free of charge, or request withdrawals from an e-wallet to the bank account at no extra costs.
MuchBetter was created for online gamblers. Therefore, many services that will not be available to users of other e-wallets, will be available to MuchBetter clients. promotions are among them.
10 Minutes to Cash Out
In fast-paying casinos, it can take between 10 minutes to a maximum of 24 hours to withdraw the wins.
Our Opinion about MuchBetter
This is an e-wallet that we can recommend to our Canadian players. We’ve reviewed quite a few payment solutions and rarely did we see the fees that were so low. For starters, everything within the P2P network of MuchBetter has no additional charges, be it deposits or withdarwals.
What’s surprising is that loading the e-wallet with cash – a procedure that does come with significant additional costs at any other e-wallet – is free via Interac for Canadians. This offer is practically a steal! And you can always save more cash by choosing to spend wins directly from your MuchBetter account online.
More and more great live casinos for Canada are adding MuchBetter to their cashiers so there should not be a shortage in the list of gaming lobbies.
MuchBetter Casino Payments: Frequently Asked Questions
This is a certified e-money institution with a set of security protocols in place. Among them is the Device Pairing Recognition, as well as the innovative Transaction Review System.
Head to the lobby of FunBet Casino. This is a multi-betting place to gamble, so you are looking at 1000s of games, as well as the Sportsbook section.
Check out Trada Casino. It accepts a minimum of 10 CAD via MuchBetter.
Yes, MuchBetter collaborates with Interac. Their e-transfers to load the e-wallet are free of charge, and cashouts come with a fixed fee of 4 CAD.