If you're trying to find your next e-money service, chances are you've heard of MuchBetter. But does it hold up? Read on to learn what MuchBetter offers and if it's right for you.
MuchBetter is an excellent e-money transfer service. They offer competitive rates and limits for account holders and provide a range of services. From P2P and merchant transactions to forex, crypto, and online gaming, MuchBetter covers almost everything.
But is it worth the hype? Let's find out.
Key Takeaways
Comprehensive Services: MuchBetter offers P2P, merchant transactions, forex, crypto, and online gaming.
Competitive Fees: Their fees are lower than industry standards.
High Security: Advanced security features ensure your funds are safe.
Limited Rewards: Their reward and VIP programs are not as robust as competitors.
Wide Availability: Accepted in most parts of the world, but with some regional restrictions.
What is MuchBetter?
MuchBetter is an e-money transfer service founded in the UK in 2016. Initially focusing on P2P and merchant payment processing, they quickly expanded into other fields. Today, MuchBetter is your one-stop shop for forex, crypto, online gaming, and P2P payments.
Is MuchBetter Safe?
Yes! MuchBetter is fully regulated in the UK by the Financial Conduct Authority (FCA) and Gambling Commission. This means they adhere to all UK laws, and the same applies to every country in which MuchBetter operates. Their top-tier security features further enhance safety.
Is MuchBetter Legit?
MuchBetter is entirely legitimate. They are fully licensed and regulated, with a strong reputation for trustworthy payment processing. Millions of users annually back up this claim.
MuchBetter Review: 2024
Fees & Limits
The fees and limits at MuchBetter are crucial factors for daily users. Here's a brief overview:
Fee/Limit Type | MuchBetter Fee/Limit | Industry Standard Fee/Limit |
Deposit via Bank | Free | 1-3% and/or flat fee |
Deposit via Pay-by-Bank App | Free | 1-3% and/or flat fee |
Deposit via Debit Card | Free | 1-3% and/or flat fee |
Send/Receive Money (w/ other MuchBetter users) | Free | 1-3% |
Merchant Transactions | Free | 1-3% |
Currency Conversion (FX) | 0.99% | 2-4+% |
MuchBetter MasterCard: Online Payment | Free | 1-3% |
MuchBetter MasterCard: Contactless Payment | Free | 1-3% |
MuchBetter MasterCard: In-Person Payment | Free | 1-3% |
Crypto Withdrawal | 2.0% | 3-5% + flat fee |
Verified Account Limits | ~5x higher than unverified | ~5x higher than unverified |
ATM Withdrawal Limit | £4,500 (daily), £22,500 (monthly), £90,000 (yearly) | £100-400 per day, £1,000-10,000 per month, less than £50,000 per year |
Contactless Payment Limit | Up to 5 per day | Contactless not offered |
Security
MuchBetter's security measures include:
Encryption: State-of-the-art SSL
Secondary Security: Biometric locking (mobile app) & Two-Factor Authentication (2FA)
Software: Device pairing and a secure, modern mobile app
Transaction Safety: All transactions are reviewed for accuracy
Dynamic Security Codes (CVV): A proprietary, patent-pending security measure
Rewards
MuchBetter offers a unique rewards system:
MuchBetter Rewards Programme & MegaDraw: A lottery-like system where each pound/euro spent equals one entry. Prizes include cash, trips, and more.
MuchBetter VIP Programme: Invite-only, offering personal account managers and cash gifts.
Availability & Coverage
MuchBetter is accepted in most parts of the world, offering full service to Asia, Africa, Europe, and Latin America. They do not service the Middle East, the United States, and some other countries. The MuchBetter MasterCard is only available to EU residents.
🚀 Exclusive Benefits of the eWalletBooster.com Collaboration with MuchBetter
eWalletBooster offers several exclusive benefits for MuchBetter users:
FREE P2P Transfers
Save money with 0.99% FX fee for conversions between USD/EUR/GBP
Earn “MB Coins” on every transaction
Monthly eWalletBooster cashback via eWalletBooster rewards dashboard
The Final Say
MuchBetter is an excellent e-money transfer service, offering robust security, competitive fees, and a wide range of services. While their reward and VIP programs could be improved, their overall offerings make them a solid choice for most users. Whether you're investing in crypto, trading forex, or just sending money to friends, MuchBetter has you covered.
Start Benefitting From MuchBetter Cashback & FREE P2P transfers today!
Earn monthly cashback on your MuchBetter transactions
Save money with 0.99% FX fee for conversions between USD/EUR/GBP
“MB Coins” on every transaction
FREE P2P Transfers
FREE virtual Mastercard
Further Reading
If you found this article helpful, you might also like: