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MuchBetter

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The power of technology is getting greater as time goes on and this in turn is making life simpler. This couldn’t be more true when it comes to the betting world and MuchBetter is the perfect example of this.

Thanks to the MuchBetter smart payment app, depositing funds into your betting account so you can place wagers has never been easier, and in this guide we are going to bring you up to speed with all you need to know about the MuchBetter solution.

Can you use MuchBetter for online betting in Canada?

We understand that different bettors have different needs. These needs can vary hugely from different betting payment methods, currencies, and deposit limits to user interface, user experience, and much more. So, finding a deposit method that is available in all the countries that you wish to bet in is crucial. It may be that you are a Canadian resident looking to find out if MuchBetter is available in your homeland, or it could be you are a businessman visiting Canada for work or even a holiday, and hoping to find out if MuchBetter operates over here. 

Well, we are delighted to bring you the good news that MuchBetter is widely accepted in Canada, so you should have no problems getting set up and depositing your funds. So, now we know that it is a Canada-friendly payment solution, let’s learn a little bit more about MuchBetter and how it works.

What is MuchBetter and how does it work?

Betting can be a big enough challenge as it is. One thing that you do not want to be a challenge is depositing money into your betting account. Technological advances are making this easier for users and MuchBetter is a perfect example of how this modern transition has happened.

MuchBetter was launched in the UK back in 2017 and is licensed by the UK’s Financial Conduct Authority (FCA). It is also a member of the Electronic Money Association which is a well-respected European trading body. In other words, MuchBetter is very much the ‘real deal’ and not some start-up company looking to make a quick buck off unsuspecting bettors.

Although it is a relatively new company, MuchBetter has expanded rapidly in part due to its partnership with credit card giant MasterCard and is now available in Canada.

MuchBetter is engineered with making the entire process “much better”. It delivers a polished experience that ensures a quick and simple process and is perfectly manageable via most popular mobile devices.

Once you have downloaded the app, a bettor will just need to enter their phone number and a personalized four digit passcode to set up and secure the account. You then have to add the usual information including name, address and phone number and the access code is sent to your phone.

As soon as this is done, your MuchBetter e-wallet is set up and you are able to add funds to it in a matter of minutes. You can add funds to your MuchBetter eWallet via a whole range of methods including Visa, Mastercard, Interac and Bitcoin.

Which bookmakers support MuchBetter?

One of the biggest features of using MuchBetter is how widely accepted the payment method is in Canada. Some payment methods are only available at certain sportsbooks which can make it difficult for bettors to commit to, as they don’t want to switch from one payment method to another depending on which betting site they are using. 

Convenience is key for betting site customers and having a deposit method that is available across the board is a feature that can make a company stand out in a very congested and competitive market. That is exactly the case with MuchBetter, as so many of the main Canadian sports betting sites accept the user-friendly e-wallet.

This list is by no means extensive, but here are just some of the Canadian based sportsbooks that accept MuchBetter:

Are there any fees for using MuchBetter on Canadian betting sites?

It’s important for bettors to know everything about their deposit method and nobody wants a nasty surprise when they go to place their deposit. MuchBetter is a fantastic system that makes depositing funds into your betting account a breeze. Unfortunately, it does come with some fees although these are remarkably low for the service they provide. Deposits remain completely free so you can continue to deposit at no extra cost, but withdrawals via MuchBetter can incur a small fee of up to 5% when using Mastercard or Visa cards.

There is also a small transaction fee of 1% when it comes to currency conversion which is fairly standard across many deposit methods. Although having to pay a withdrawal charge is far from ideal, MuchBetter is very clear with their charging system so there are no nasty surprises or hidden fees that you should be on the lookout for. They pride themselves on trustworthiness and transparency and that is clear to see.

How to use MuchBetter at an online bookmaker

There are a few simple steps that you need to take to ensure that you can get your funds from your bank to your betting account as quickly and seamlessly as possible.

You just need to follow these simple steps to ensure the money arrives safely and quickly:

  1. The first simple step you need to follow is to download the MuchBetter app and sign up with an account. The app can be found via the App Store or Google Play store and the entire process takes a matter of minutes.
  2. Provide all the relevant information including name, telephone number and deposit details. 
  3. To complete the sign-up process, you will receive a four-digit code and then you will be ready to go.
  4. You will then need to visit your favourite sportsbook that accepts MuchBetter payments.
  5. Log in to your account and click the “Banking” or the “Cashier” link.
  6. Select MuchBetter as your deposit method.
  7. Confirm your MuchBetter account ID and passcode and the money will be immediately transferred and available to bet with.
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Pros and Cons of MuchBetter

The success of MuchBetter is evident by the number of users that they have managed to acquire across the globe in such a short space of time. The instant deposits are a huge plus for customers as they are able to take advantage of attractive odds as soon as they become available. Bettors will be pleased to know that all payments made via MuchBetter are 100% secure and the system also benefits from the same security features as using a debit or credit card such as a 3-digit CVV code.

Here’s our list of standout pros and cons for MuchBetter:

Pros

Cons

Conclusion

MuchBetter is an extremely versatile and flexible e-wallet that provides a great deposit method solution which is widely used at Canadian sportsbooks. MuchBetter uses the latest technological advancements to design and deliver the ultimate mobile application that allows you to easily move funds between accounts. It is extremely safe and secure and so you can have peace of mind over the protection of your funds. 

In addition, there are free cash draws every week which you could benefit from and there are low foreign exchange rates which you can also utilize in your betting strategy should you ever need to. 

The use of MuchBetter comes with some small fees for withdrawals which is expected with most e-wallet services, however, your deposits remain free. In our opinion, MuchBetter is certainly worth looking into as a deposit method for your overall betting journey.

MuchBetter Betting Canada FAQ

Is it safe to use MuchBetter when sports betting?

Yes! MuchBetter is extremely safe and has put a number of extra safety features in place to ensure your financial and personal security. Deposits and withdrawals can be safely made at any time when using the mobile app.

How long will it take before my MuchBetter deposit shows in my betting balance?

Deposits made using MuchBetter are instant, so there should be no annoying wait while you wait to see your funds in your account. Your money should be available immediately so you can get betting without any delays.

Are there fees associated with using MuchBetter?

There are no fees associated with making deposits at MuchBetter, however, there are some small charges when making withdrawals. These can be up to 5% of withdrawals when using Visa or Mastercard.