MuchBetter vs. ACH

As an online casino player, when you start looking for a site to join, you are faced with the challenge of choosing the right one for you, out of hundreds of online casino sites. You need to browse through all of the things these sites have to offer in order to one the most suitable one, the one that gives you the best bonus offers, the top games and the most trustworthy payment methods to play with.

And while bonuses and games are important, payment methods are paramount. You have to have a choice of payment solutions that offer fast, secure and cost-effective transactions. Two payment methods that you may want to consider are MuchBetter and ACH. The two are different but do offer some shared values. If you are doubting whether to use one over the other, continue reading our thorough overview of the two, to better make a decision. 

MuchBetter and ACH – Overview

When you compare MuchBetter and ACH, you will see that the two are entirely different when it comes to the way they function, the way they transfer money on the internet, but what they have in common is the fact that they are both extremely safe, popular and easy solutions to use across online casino sites.

MuchBetter…

…is an eWallet, to start with, available across more than 300 online casino sites. It is not just a regular eWallet, but a rather magnificent, global one, which gained recognition in no time after it was launched and broke the cash monopoly in iGaming. It is authorized to process transactions by the Financial Conduct Authority, it uses SSL encryption and verification codes to ensure 100% safety and security of your money.

One of the main reasons why online casino players are choosing it over any other payment solution is the fact that it is available for both deposits and withdrawals. Plus, transactions with it are near-instant. But, there are many other reasons why it gained such popularity across online casinos, which you’ll soon find out.

Its strongest suit…

…is the fact that it can process transactions in both fiat and virtual currencies. This is definitely not something you get with traditional eWallets. But MuchBetter has ensured to provide a safe pathway on the blockchain and allow you to use either fiat or cryptocurrencies for your online casino deposits and withdrawals, with fees that are close to none.

On that note…

…you can fund the eWallet via many worldwide-used payment methods. Be it with a gift card, a credit, a debit card or a bank account, you can easily add money to your account and use it as it pleases you, without anyone ever finding out a single thing about your bank account details.

Moreover, each transaction with it is valuable, considering the eWallet rewards you for your loyalty. With each transaction you make, you collect loyalty points which can later be used or cashed out, as it pleases you. Therefore, it is not only a safe, secure, and convenient payment method to use, but also a rather rewarding one.

ACH…

…is a payment processing system that is available only in the US, on the other hand. And even though quite restricted when it comes to country eligibility, it is a very convenient payment method for sending money online if you’re a US player. ACH is an acronym for Automated Clearing House, which means that it processes transfers when asked for and confirmed.

No or very low fees…

…apply with each transaction you make, and that’s one of the main reasons why US players choose to use it. What ACH does is move money from your bank account to another, in this case, to the casino’s bank account, and the other way around, with the transactions processed and delivered in around 3 to 5 business days. And while the processing time may seem a lot to you, just keep in mind that the money will be moved with no or really insignificant fees.

It works on simple principles…

…and it is quite easy to use. All you need to do is confirm and verify a transaction request and the money will be sent. For example, if you want to make a deposit at an online casino, as soon as the request is sent, and you’ve confirmed and permitted the transaction, ACH deducts the specified amount from your account and sends it to the casino’s account. As such, the transaction is secured and no one but you can confirm it, so you know your funds are safe with it.

Getting Started with MuchBetter and ACH

You should know right away that getting started with each of these payment methods is pretty intuitive. All you need to do is follow a few simple steps and you’ll be able to transact online seamlessly.

With MuchBetter…

…you’d first have to visit its official website. From there, you will need to choose whether you’d like to register an account via the browser or by downloading an app, available for both iOS and Android devices. After you provide some basic info about yourself, you’d need to enter your valid phone number. Make sure you enter your exact phone number, as you’ll need it for further ID verification when you’re using the method. The next step would be choosing a 4-digit PIN code you’d want to use as your password when transacting with MuchBetter. Finally, you’d need to provide a copy of your passport or ID for further identification.

To fund your eWallet account…

…as mentioned, you can use several payment methods, be it credit, debit cards, gift cards or bank account transfer. Fees from 1.4% to 1.65% apply depending on the method you choose. Should you want to use different currencies, a 0.99% currency conversion fee would apply as well. As introduced, MuchBetter collaborates with Bitcoin, and provides you with the gateway, currency conversion mechanics and address, to provide you with all-inclusive online banking experience.

It is worth mentioning…

…the Reward Points here. You should know that for each $10 or currency equivalent payment you make, you get 1 Reward Point. Therefore, with each transaction, using this formula, you’ll be collecting Reward Points. Each week, those points are put in a MuchBetter Free Draw, which is a draw where you can win cash rewards from $2.5 up to $100.

With ACH…

…the process is even simpler. The only requirement is to have an active bank account. If you do, as you go to an online casino, you’d need to request a transaction via ACH and see the money deducted from your bank account. ACH will ask you to confirm the transaction by identifying yourself and approve it. Once you do that, the money is deducted and added to your online casino account as soon as the time processing time is over.

Making Deposits and Withdrawals

You’ve already learned a lot about these two payment methods, but now, you need to find online casinos that accept them if you want to make deposits and withdrawals with either. You would need to find yourself a reliable and approved online casino, because even though the two methods are safe and secure, the casino must be, too, in order for your experience to be completely smooth.

Once you find a casino…

…that accepts MuchBetter, go to its Banking page, or labelled Cashier or Deposit page. Look for MuchBetter’s logo and click on it. You will see a new window appearing asking you to provide your phone number. Enter it, and then proceed. You’ll then be asked to enter the exact amount of funds you’d like to deposit at the online casino, so make sure you enter it. Confirm the transaction, and you’ll see the money appearing on your online casino balance in an instant. As easy as that.

Withdrawals…

…with it are as simple. You would have to repeat pretty much the same procedure, up until the point of entering the money you wish to withdraw. Make sure you have enough money to withdraw before you request the transaction and double-check whether you've played through the wagering requirements since you cannot make a withdrawal if you haven’t. If everything is in order, enter your phone number and confirm the transaction. This time, the money will probably not be sent in an instant, because it would take a few hours for the casino to check and approve the transaction, but MuchBetter will make sure that the money is on your eWallet no later than in 3 days.

Depositing with ACH…

…has already been explained, but let's recapitulate. You need to request a transaction with it via your online casino account and the payment processing service will deduct the money you specified from your bank account after you confirm it. The money should reach your account in a couple of days.

What’s interesting…

…about this payment solution, even though it might seem otherwise, ACH is used more for withdrawals, and not for deposits. Players, especially those that win massive, life-changing, biggest jackpot prizes, choose it as a withdrawal method as it comes with no withdrawal limits and securely transfers the money to your bank account. The process of withdrawing is the same. Request a withdrawal from the casino, and as soon as the casino confirms the amount you wish to withdraw, ACH will transfer that amount back to your bank account.

Pros and Cons of Using MuchBetter and ACH

Given the fact that…

…as you can see, MuchBetter and ACH are very different online payment solutions, it is only normal that they both have strong and weak aspects we need to pay attention to. But one thing is for sure: they are both popular payment solutions across the respective countries they operate in, and they are both safe and secure options for online gambling purposes.

The perks you get with MuchBetter…

…are many, and each deserves to be highlighted. To start with, deposits with it are near-instant and withdrawals take up to a few days, mainly because withdrawals need approval by casinos before they are processed. Secondly, it is a payment solution that is very easy to get started with and use across online casinos, and all you have to do is follow the pre-determined steps.

Moreover, it is compatible with all devices, so regardless of whether you’re playing via your desktop or mobile devices, you can successfully request a transaction. Last but not least, the eWallet allows transactions with both fiat and cryptocurrencies, so this definitely makes a difference when you compare it with other wallets. It integrates with major platforms, payment gateways and other partners, additionally, to provide different users with its amazing services, such as with Easy Payment Gateway. Finally, you are rewarded for your loyalty, and playing with it pays off.

The only evident downside with this payment method is that it comes with fees. These fees are not hefty, but they do exist, and they do sometimes discourage players from choosing to use the method for their deposits and withdrawals. But if you weigh in all the pros and cons, you will see that the perks compensate for the fees in many ways.

When it comes to ACH…

…we must first address the elephant in the room, its availability in the US only. This is its major drawback, the fact that it cannot be used by interested players from countries other than the US. That, and the fact that transactions with it take 3 to 5 business days.

Other than these disadvantages, however, ACH is indeed a payment method worth considering if you're a US player. You don't need to bother and create any separate accounts, and all you need to get started with it is to already have an established bank account. Depositing and withdrawing with it is fairly easy, and it is quite a convenient payment solution to use when you hit a massive jackpot prize. The fact that you can transact with it at no or low costs only confirms that it is a solution that is worth using.