Popular Casino Payment Method MuchBetter Kindly Settles Outstanding Wallets & Expands Global Reach

Popular casino payment method MuchBetter resolves UAB PayrNet issue while also expands its reach with a giant in gambling entertainment! (Photo by Prateek Katyalon Pexels)

In 2018, MuchBetter made its mark when 888 Casino chose the up-and-coming eWallet to join its deposit and withdrawal options list, which you will find via the  ‘888.com Live Casino Test Payment Methods’ section on the 888Casino live overview here on Livecasinocental.

With MuchBetter’s financial services becoming so successful, it is becoming yet another brand name hitting new headlines. Especially iGaming news headlines, as it has become a popular payment solution for online gambling entertainment.

In today’s report, I will cover news of the company making another landmark impression in gambling after The Stars Group announced it will use the MuchBetter eWallet solution in its platforms.

Although this is positive news for the company, the company has had to settle a bit of negative press due to issues that came via a past alliance when the company was rising into eWallet stardom. The service had issues across Europe due to an affiliation with a previous electronic payments company from the early days before the MuchBetter e-wallet brand became the financial powerhouse payment system it is today.

No biggie because the company quickly cleared things up, which I will explain more in the news sections below in this report.

MuchBetter eWallet Alternatives: Neteller, MiFinity, ecoPayz, and Skrill are the main competitors. Also, the king of eWallets, PayPal, is pressured in the UK and Irish markets by MuchBetter’s growing presence. For more info on eWallets, you can dig deeper into the PayPal eWallet solution here.

Who and what is MuchBetter?

For those who have not heard of MuchBetter, it is a rising star in the eWallet sphere. It has already risen and is a highly recommended user-friendly deposit and withdrawal method.

The company is also one of the biggest threats to the long-term dominance of PayPal, Neteller, ecoPayz, and Skrill is MuchBetter, and the name, in a way, feels like a stab at other e-wallets if you catch my drift. MuchBetter = we are much better’. It is also in close competition with another newbie eWallet MiFinity, which can only be a good thing for the consumer because, generally, more competition means better services as these companies stay on top of their game to etch out as much market share as possible.

All you need to do is make a bank transfer, deposit via card or receive payments into your MuchBetter account to gain a balance. Once you have a balance, you can deposit and withdraw from the growing number of online gambling sites adopting the MuchBetter eWallet solution. It is also a solution as compatible as casino so far as you can access your account via desktop browsers, iOS and Android apps as well as mobile internet browsers, while all payments process via a secure and highly encrypted payment gateway.

Currencies accepted by the MuchBetter eWallet include British Sterling, Euros, Indian Rupee, Canadian Dollars, Australian Dollars, New Zealand Dollars, South African Rans and more. Perfect for the live casino geos covered here on Livecasinocentral.

MuchBetter iGaming Event Awards

MuchBetter Paid Off UAB PayrNet Outstanding Balances

Although MuchBetter has a solid reputation, the company recently ran into a minor hiccup, which was at no fault of its own. As a gesture of goodwill, the eWallet provider settled outstanding balances not paid by its former partner.

That issue comes after an investigation into one of the company’s previous partners. UAB PayrNet, which is a Lithuanian company that provides payment services. The company came under the regulation and authorisation of the Bank of Lithuania, which revoked UAB PayrNet’s licensing. The company has consistently broken regulatory rules under the Lithuanian financial regulatory framework, which has had minor blowback on MuchBetter. Also, UAB PayrNet has been forced into bankruptcy with customer funds taken down with the company– something most financial licensing authorities will never allow as customer funds remain protected and separate from the business’s operational funds.

A gesture of goodwill: As MuchBetter puts customer satisfaction first, the company decided to use its funds to settle unpaid balances UAB PayrNet should have had available. Regarding this goodwill gesture, MuchBetter’s involvement with the saga is now over.

Recommended MuchBetter Live Casinos

MuchBetter Signs Deal with The Stars Group

Its not a group we cover here on Livecasinocentral, but all the same, The Stars Group needs no introduction. Well-known for its PokerStars platform that iGaming and sports betting serves markets across the globe, it is one of the largest iGaming and sports betting platforms online. The brands MuchBettr will now be available on include PokerStars Online Poker, PokerStars Casino and Sportsbook, BetStars, and Full Tilt giving the eWallet as an option to millions of customers.

Want to know more about MuchBetter? All the information you need about the brand and eWallet functionality is available via the MuchBetter eWallet website portal here.