MuchBetter vs. PayPal

When online casinos first appeared, there were only a few payment methods available for players to use, traditional methods that allowed online payments. But today, as an online casino player, you have hundreds of solutions to choose from and use to fund your account and cash out your winnings.

Sure, traditional banking solutions are still out there, and still some of the safest options, but also some of the most expensive ones, as they all charge transaction fees. But, you have alternative solutions which have solved all the problems traditional methods never could. In the modern era, Fintech companies and eWallets have revolutionized online banking as we knew it, and have allowed for more convenient, faster and more cost-effective transactions. Such solutions are MuchBetter and PayPal. Why use MuchBetter or PayPal across online casino sites?

MuchBetter vs. PayPal – The Basics

There’s probably no human being on this Earth that hasn’t heard of PayPal. This is one of the first eWallets that went global and has had its name heard far and beyond. But, as a newer player in the financial world, appeared MuchBetter, an even more innovative eWallet that took the online gambling industry by a storm.

And while both are eWallets, they do have their own strengths and weaknesses. In this occasion, we will compare the two and let you decide which one you would consider fits your gambling needs and preferences more, so that you can use it for casino deposits and withdrawals.

MuchBetter…

…just like PayPal, is a globally-available eWallet. It was founded not that long ago in 2017, and due to all the things it could offer to users, it managed to get the recognition it deserved and more and more countries showed interest in it. Why is it such a special eWallet? Well, it seems like MuchBetter took all the disadvantages other eWallets had and turned them into advantages. For starters, it is a multilingual and multi-currency solution, meaning convenient and easy to use for players from all across the world.

Its strongest suit, by far…

…is the fact that it also allows transactions with cryptocurrencies. When MuchBetter first started doing that, many other eWallets followed, PayPal included. But this was its niche, the thing that attracted users to use it over any other solution. Another beneficial thing for users was the fact that it can be funded with payment methods they’ve been using in their everyday lives. You can fund it with debit and credit cards, gift cards or direct bank transfer. To add to your convenience, the eWallet rewards you for your loyalty. For each $10 transaction you make with it, you collect 1 point. As you accumulate more points, you can store them for future payments or purchases, or cash them out!

PayPal…

…as you probably know, is one of the most popularly-used eWallets, and one of the first which managed to offer exceptional services back in 1998 and continues to do so today. With over 20 years of experience in the financial world, PayPal has had its ups and downs, but in the end, it managed to stay on the list of accepted methods across so many online platforms, so many online casino sites included. It is used in over 200 countries all across the globe, thanks to all the convenient things it has to offer to users.

Its track record…

…and the security it implements make it one of the eWallets with the best reputation when it comes to online transactions. PayPal is one of those solutions that stick to the regulatory rules, so it blocks countries with disreputable behaviour or problems with regulation, like Germany, and re-enters markets like the US, when they solve those issues. It does that to ensure that all of its users’ funds and its reputation stay intact. That’s why it has managed to scoop over 20 prestigious awards over the years, cementing its position as a leading eWallet all across the globe.

As far as its services go…

…when it first started, PayPal only offered the eWallet service. But later, it rolled out other products, as well, such as the one in partnership with MasterCard, the PayPal MasterCard card, and PayPal Connect, a line of credit, among others. In 2020, it even approved transactions with Bitcoin and other cryptocurrencies, and with that, it managed to offer users everything they could ever need.

Getting Started

Since they are both eWallets…

…you should have assumed by now that getting started with MuchBetter and PayPal won’t take much of your time. You’ll need to register an account with both of them, providing some essential information, and authenticate and verify your account. But let’s go through the procedure together, just in case.

Getting started with MuchBetter…

…would involve visiting its website. You would need to start the registration process, either right here via your browser on your desktop device, or by downloading an app via Google Play Store or Apple App Store, depending on whether you’re using an Android or iOS mobile device. Whichever your choice, you would need to provide MuchBetter with your valid phone number, as it would work later as your ID, your verification tool, so make sure you give your right number. Then, after you share some basic info about yourself, you'll need to provide a copy of an ID document to verify your identity and generate a 4-digit code to start using your account.

To fund it with money…

…as mentioned in the beginning, you can use direct bank transfer, credit and debit cards, and gift cards. Keep in mind that a small fee that can be anywhere from 1.4% to 1.65% will apply for funding your account, in addition to a 0.99% currency conversion fee. Cryptocurrencies are fee-free, as MuchBetter has partnered with Bitcoin to provide you with a safe gateway which uses a conversion mechanism to enable you to make the easy conversion from fiat to digital currency in a secure way.

In order to get started with PayPal…

…you would also need to visit its website. You would need to create your account, by providing your name and surname, home and email address, as well as social security number, and the needed verification and ID documents. Just like with MuchBetter, these documents are needed for tax reporting and identity verification, so after you provide them all, your account would be ready for you to fund it.

You can use all kinds of solutions…

…to fund your account, such as other PayPal products you may have, bank transfer or credit cards, among others. Fees apply with PayPal, as well, but you should know that if you decide to use direct bank transfer, you won’t be needing to pay any. This is the only fee-free option. If you decide to fund it with credit cards, for instance, a 3% fee will be charged. And, if you want to use a different currency than the one you set as a default when you created your account, you’ll also need to pay a 2.5% fee.

Depositing and Withdrawing

Now that you have the knowledge to get started with the two eWallets, it’s time to learn how to use them across online casinos. But first, let us tell you right away that you won’t experience any problem finding a decent online casino site that accepts either of them.

MuchBetter has been crowned…

…an alternative to traditional eWallets, and its app has broken the iGaming monopoly. It has signed a partnership deal with many fast-growing operators and has quickly become one of the most used payment methods across online casinos. Even 888.com, one of the most powerful online gambling companies has selected it for its innovation in electronic payments. PayPal, too, is accepted in most, if not all online casinos. So as said, you won’t have any problem finding a casino you’d like to join which accepts payments with either.

To fund your account with MuchBetter…

…after you’ve joined a casino that accepts it, you would need to go through a few simple steps. You would need to:

1. Visit the casino’s Banking/Cashier page.
2. Find MuchBetter’s logo and click or tap on it.
3. In the new window, enter your eWallet log-in details.
4. Specify how much you wish to deposit.
5. Confirm the transaction via your phone.
6. The money is transferred instantly to your online casino account.

Withdrawals with it…

…are done in pretty much the same way. You would need to repeat the same steps, but of course, instead of specifying how much you wish to deposit, this time specify how much you wish to withdraw. After you confirm your request, you would need to wait for the casino to approve it. The casino will check whether you have enough on your account to withdraw, and see whether you have any wagering requirements unmet. If all is in order, it will approve the transaction and your money will shortly arrive on your eWallet account.

To make a deposit with PayPal...

…you would pretty much have to make the same steps as with MuchBetter. Now, the first thing to do, of course, is to join a casino that accepts it. From there, you would need to:

1. Go to the casino’s Cashier/Banking page.
2. Click or tap on PayPal’s logo.
3. Use your eWallet log-in details to enter your account.
4. Complete the authentication process.
5. Enter the amount you want to deposit.
6. Confirm the request and the money will arrive on your casino account instantly.

To cash out your winnings with it…

…you would need to go through the same steps. PayPal is a popular withdrawal solution across online casinos, as it allows not only instant deposits but near-instant withdrawals, too. One of its strongest suits is the fact that it processes withdrawals the soonest possible, and that's why many players consider it one of the top withdrawal options and use it over any other solution.

Benefits and Downsides

You must have noticed that MuchBetter and PayPal are pretty similar solutions, especially when you need to use them for online gambling purposes.

They are both eWallets…

…meaning alternatives to traditional banking methods, and they both allow for instant deposits. They are both globally-accepted solutions for online payments, and they both offer the withdrawal service. They both have an impeccable reputation, especially on the iGaming scene, and they are both accepted at the very best online casino sites. Security is at their core, so you can rest assured that your funds will be safe with them at all times. And one of their strongest suits is that they both accept transactions with cryptocurrencies, which is not something other eWallets can do. Finally, they are both quite easy to get started with and use for deposits and withdrawals across online casinos.

However…

…you must have noticed the differences, as well as the downsides each of them come with. While they both arrive with fees, the fees with MuchBetter are somewhat lower. PayPal used to be criticized for its hefty fees throughout the years, but with time, it has managed to change the fees. Still, it looks like MuchBetter offers much reasonable ones. On the other hand, while PayPal offers near-instant withdrawals, withdrawals with MuchBetter may take up to 3 days, and this is where PayPal shines in.

Until recently…

…PayPal wasn’t offering a safe gateway for cryptocurrencies, while MuchBetter did soon after it was launched. Then again, PayPal has a rich history of processing online transactions, since it has been present on the finance scene since 1998. Many would trust PayPal more in that regard, even though MuchBetter has proven to be a decent competitor. But then, MuchBetter had a kick-start in this race, using the most innovative concepts and technologies to position itself as one of the eWallets that are changing the alternative banking game. Therefore, whichever of the two you choose to use, you will get impeccable service, that's for sure. The slight differences aside, they are both truly remarkable eWallets that you need to try using at least once in your lifetime.