MuchBetter vs. NETELLER

In recent years, eWallets prevail as online casino players’ preferred payment methods, and two that definitely stand out from the crowd are MuchBetter and Neteller. These are two leading eWallet services that are extremely popular across online casinos, with players choosing them over other solutions. The thing is, they both offer major perks to players, the most important being the fact that they process transactions instantaneously and for a low cost. But what are other perks you can get with them? Why choose MuchBetter or Neteller as your payment method at an online casino?

About MuchBetter and Neteller

As introduced, MuchBetter and Neteller are two popular eWallets on the online gambling scene. There’s probably no online casino player that hasn’t heard of Neteller, since the solution has been around for years, from the dawn of online gambling. And even though MuchBetter is a newer player on the screen, its popularity has grown with the speed of light, due to the benefits it gives players. Other than being eWallets, MuchBetter and Neteller actually have a lot in common. Let’s check them out separately and you’ll see that they are quite similar, even though, of course, they have their respective differences.

MuchBetter is definitely one of the most innovative eWallet solutions that have appeared on the scene in recent years. In fact, when it first appeared in 2016, it was actually one of the first eWallets to offer players the chance to transact with both fiat and cryptocurrencies. Digital currencies, at that point, were huge, but not many financial companies would dare to process transactions with them. But the company behind MuchBetter took its chance and the idea proved to be genius. With that, it gained the recognition it deserved and became an instant hit across many industries.

What MuchBetter did was take the disadvantages other eWallets came with and turn them into huge advantages. Not only is its platform multilingual and offers multi-currency options for transactions, but the solution is accepted virtually everywhere across the globe. That’s right, this is a global eWallet that only has around two dozen of restricted countries on the list. But the best part about it is that as soon as you start using it, you get to receive special perks. You start collecting loyalty points, at a rate of 1 point for each $10 transaction. Accumulate those points and at some point, you can cash them out or store them for future purchases and payments, as these are redeemable! Of course, another benefit this eWallet offers is the fact that you can fund it and cash out money from your account using payment methods that you’re using for everyday transactions, like direct bank transfer, debit and credit cards and even gift cards.

As we mentioned, there’s barely any online casino player that hasn’t heard of Neteller, since it has been around since 1999. Along with its sister products, two other popular methods, Paysafecard and Skrill, they are operated by one of the most powerful financial companies, Paysafe Group PLC. So, from its early beginnings it has been offering the internet funds transfer service it offers today, improving each year and adapting to current trends on the financial scene. On that note, when it was first launched, it arrived with some really big fees, but as it knew how to communicate with users and listened to their feedback, it lowered those fees and today, you can even use it without paying fees if you choose the right method to fund your account. But more on that later.

Just like MuchBetter, Neteller is also available all across the globe. There are around 50 countries where it is not an option, but other than these, it is literally available all over the world. It is based in the Isle of Man, but as years went by and it expanded its reach, it also opened offices in Costa Rica, Canada, England and China. Therefore, it is truly global, operated by a team of members living all across the world, contributing to its excellence. Due to all of the things it can offer, today, Neteller is accepted across hundreds of online casinos. So, before you join one to use it, stay with us to learn how to get started with it.

Getting Started with the Two Solutions

Considering MuchBetter and Neteller are both eWallets, the getting started procedure will be quite similar with both. And, quite easy, if we may add. Let’s see what you need to do.

To get started with MuchBetter, you would need to visit its official website. As you click on the Personal page, you will see that you can register your account either directly via the website or by downloading a respective Android or iOS app, from Google Play Store or Apple App Store. Choose the way that works for you and then provide the required details, such as name, valid phone number, and some other personal details. Then, provide a copy of an ID document to verify your identity, and then create a 4-digit passcode you’ll later use to get access to your account. After you complete all the fields and register your account, MuchBetter will send you a verification code via SMS which you need to confirm to activate your account.

From there, you'd need to fund the account with money. As mentioned, you can use gift cards, credit and debit cards or direct bank transfers, and there will be a respective fee you'd need to pay for each of these solutions, ranging from 1.4% to 7%, plus a 0.99% currency conversion fee. Some options would be fee-free, such as SEPA bank transfers, Giropay, Interac, and Przelewy 24. But you’d need to check out the entire list of options to decide which one would suit you best. A 2% fee applies for both funding and cashing money from your account using cryptocurrencies like Bitcoin, Litecoin and Ethereum.

You would need to visit Neteller’s official website to get started with it, too. To register an account, you would need to enter your email address, home address, gender, name, date of birth and the default currency of your account. After you accept the Terms of Use, you’d need to verify your identity, and with that, you’ll get a 6-digit Secure ID code, which is something like a two-factor authentication tool.

To fund your account, you can use similar solutions like MuchBetter. Giropay and Przelewy 24, for instance, will be your options. But so will BOKU, Rapid Transfer, QIWI, Trustly, Neosurf, Yandex, Euteller, POLi, Eps, Paysafecard and iDeal, among plenty of others. Each of these arrives with their respective transaction limits and fees, so you’d need to check them out separately to decide which one would be the best suited for you.

You should know here that even though it hasn’t been that way from the very beginning, Neteller has started processing crypto transactions, just like MuchBetter. In fact, you can buy and sell crypto right there from your account, with no additional verification required. You can use any of the methods offered with more than 28 currencies to buy Ethereum, Bitcoin and many more coins!

Using MuchBetter and Neteller Across Online Casinos

As you could see, the two eWallets are quite easy to get started with, but as you will see now, they are quite straightforward to use across online casinos, too. First things first, you should know that you will find them both across hundreds of casino sites, most precisely, MuchBetter at around 500, and Neteller across more than 1,050 casinos! Therefore, you’ll have plenty of choices to explore, to find the casino that would tick all the boxes for you. As soon as you do, make sure you join the casino of your choice and you’ll be ready to make a deposit.

To fund your online casino account with MuchBetter, you would need to do the following:

1. Head over to the casino’s Banking/Deposits/Cashier page.
2. From the list of offered methods, find MuchBetter’s logo and press it.
3. In the pop-up, log into your eWallet account using your credentials.
4. Enter the amount you’d like to deposit and confirm the transaction.
5. In an instant, the money will appear on your casino balance.

The main reason why players choose MuchBetter over any other solution is its ability to really process deposits instantly. But, as you will see, it also has the ability to process withdrawals fast. Shortly after you request a withdrawal from the casino, and the casino approves it, the money will arrive on your eWallet account. You would basically have to go through a similar procedure as the one described for depositing, only this time, specifying how much you’d like to cash out. MuchBetter will take it from there and ensure you receive your winnings in the fastest way possible, no later than in three working days.

Deposits with Neteller are done pretty much the same way.

Just follow these steps:

1. Visit the casino’s Banking/Deposits/Cashier page.
2. Look for Neteller’s logo on the list of accepted methods and click or tap on it.
3. In the new window, use your credentials to enter your eWallet account, meaning your Account ID, but don’t forget to also add the Secure ID number.
4. Specify the amount of money you’d like to deposit and confirm your request.
5. The money will arrive on your balance in a matter of seconds.

Withdrawals with Neteller are done pretty much the same way as deposits. You would need to go through the same procedure, with one exception. This time, you’d have to look for the solution on the Withdrawals page and specify how much you’d like to withdraw. The casino will take its time to review your withdrawal request, and the moment it approves it and processes it, Neteller will take over. Your winnings will arrive on your eWallet account in no more than three business days.

Advantages and Disadvantages

The similarities between MuchBetter and Neteller are uncanny, and you can notice them instantly, on your first read. First and foremost, they are both alternatives to conventional banking methods, which makes them quite popular among millennials. They are both global eWallets, accepted all across the world. They both provide you with several popular payment methods to fund your eWallet account and cash out winnings from it. They both process deposits and withdrawals across online casinos. Deposits with both are instant, and withdrawals with both take up to three business days.

They both charge fees, too, depending on the methods you’re using for funding your account and cashing out. You can use both fiat and digital currencies to transact with using both of these eWallets. But what’s most important is that they are both extremely popular across online casinos, considering MuchBetter, which has appeared much later than Neteller, is already offered across more than 500 casinos, and Neteller across more than 1,050. All of these things combined make both of these methods more than convenient to use across online casinos.

So, what’s the difference then? How to decide whether to use one or the other? MuchBetter is one of the most innovative eWallets out there, always striving to improve its offering and be one step ahead in the eWallet game than others. Neteller has been around for years, also trying to keep up with the latest trends and offering users what they really need. Other than the difference in country restrictions, MuchBetter not servicing over 20 and Neteller over 50 countries, there’s not much of a distinction you can make between the two. So how to choose one over the other? Well, the secret lies in the fees. The best thing to do is go over the fees charged by both of them and compare them. The one that offers lower fees for those methods that you'd like to use would be the better choice for you. Go through with that task, and you’ll find your answer. Regardless of which one of the two you choose to use, though, you can rest assured that your gaming would be exceptional.