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MuchBetter – Deposit and Withdraw with Betting Sites in India

Many customers in India are looking for alternative banking methods besides bank cards when betting online. The good news is that bookmakers who welcome Indian customers recognise this and offer a range of payment options. MuchBetter is just one of the choices on offer. They are an e-wallet focusing on increased security, instant deposits and a great experience on mobile or desktop devices. This page will let you know everything about betting with MuchBetter in India, including all the positives and negatives.

Cricket Betting Sites that Accept MuchBetter

MuchBetter’s ethos is all about ensuring your spending experience is as safe and rewarding as possible. The team behind the e-payment solution specifically mentions that MuchBetter is designed to be used for betting online. As a result, cricket betting sites that accept MuchBetter are a great option.

So, how does MuchBetter fair in terms of being used for cricket betting in India? Are deposit and withdrawal times fast? Are there any fees to using MuchBetter. This is everything we cover in this MuchBetter review, and more. Perhaps the most important for some is whether MuchBetter can be used for betting site welcome offers and other bonuses for cricket betting.

Provider
Rating
Bonus
Banking Method
100% up to ₹10,000
50% Bonus up to ₹4,000
Bet ₹1500, Get 2 ₹750 Free Bets
100% Bonus up to ₹8000
₹8000 Welcome Bonus
100% Bonus up to ₹2500
Deposit Bonus up to ₹4000
₹10,000 + Money Back on First Losing IPL Bet
100% Bonus up to $100

MuchBetter as a Banking Method for Indian Customers

As Indian bettors look for an alternative method for betting on cricket sites, e-wallets become a logical solution. MuchBetter functions as such an e-wallet but markets itself as an app, rather than a form of online banking that other e-wallets hybrid themselves into.

The great thing about MuchBetter is that it’s available in most countries in the world, with India being one of them. Since more online bookmakers are partnering with e-wallets, the doors have opened up to allow the diversion away from using bank transfer and debit/credit cards. So, if you find that your bank is restricting you from depositing and withdrawing to and from cricket betting sites, consider MuchBetter as an option.

Using LeoVegas and MuchBetter for Cricket Betting

LeoVegas is definitely a bookmaker worth looking at if you’re an Indian bettor. With competitive odds, site security and worthwhile bonuses, LeoVegas is a popular cricket betting site.

If you don’t already have a LeoVegas account, the excellent news is that you can claim the current INR 10,000 sign-up profit boost with MuchBetter as a banking method. Although other e-wallets such as Skrill and Neteller seem to be excluded, the terms don’t state that MuchBetter is excluded, too — to be safe, check your account with customer services since the restrictions can vary from account to account.

Even if you can’t claim the welcome offer, LeoVegas currently has a Cricket Club promotion it runs. This means you can claim up to six rewards each week, depending on the number of bets you place. The top-tier rewards are a 50% profit boost and an INR 1,000 free bet.

The Depositing Experience With MuchBetter

One of the significant benefits of using banking methods like MuchBetter’s is that deposit times into your betting account are instant. This provides confirmation that getting a bet placed quickly without funds in your account isn’t a problem. Simply log in, go to the banking section, choose MuchBetter as an option, enter your account information and the deposit amount, and you’re done.

There’s no need to fumble around for your debit card or worry about having your personal information stored with the bookmaker. It’s all done through MuchBetter, and it’s instant! The great thing is that depositing with bookies is as easy in their apps as it is on their sites. This really appeals to Indian customers who like to place bets on the move from their smartphones or tablets.

Multiple Deposit Options for Indian Customers

It’s nice to see a wide variety of deposit options for Indian customers, who can sometimes be restricted by their banks when depositing to an e-wallet:

Deposit Method Minimum Amount (GBP/USD/EUR) Fee
AstroPay Card £10/$10/€10 7%
BANCO £10/$10/€10 7%
Bank Transfer £20/$20/€20 Free
Cash £10/$10/€10 7%
EPS £10/$10/€10 0.99%
Ideal £10/$10/€10 0.99%
UnionPay £10/$10/€10 3%
Visa £10/$10/€10 1.5%-5%
Mastercard £10/$10/€10 1.5%-5%
Bitcoin £10/$10/€10 2%

The obvious choice here is to deposit into your MuchBetter wallet using a bank transfer since it’s free. It’s frustrating that the site doesn’t quote a minimum amount in Rupees for Indian customers, but we’re sure this information will be supplied to you once you’re registered your MuchBetter account.

A Clear Focus on the Gaming Industry with MuchBetter

Despite being a relatively new e-wallet solution, MuchBetter is already partnered with some popular iGaming advocates — for example, Team PokerStars members Lex Veldhuis, Fintan Hand, and Felix Schneiders. In addition, we know that it’s serious about the sports side of things by being an official partner with the prestigious West Ham United.

We also really like that the team behind MuchBetter mentions e-gaming multiple times on its site. This shows that the company isn’t just trying to be another regular e-wallet but is dedicated to bringing you an online payment solution for your betting activities.

Bet With an Award-Winning App Through MuchBetter

The fact that some of the top betting sites accept MuchBetter customers is enough in itself. But when you add in the awards that MuchBetter has won, you know you have a high-quality banking method on your hands. It’s been shortlisted for many awards in its short career, but it’s won:

  • Best Alternative or Digital Payments Programme — The Card Payment Awards, 2019.
  • Best Startup Innovation Award — MPE Awards, 2019.
  • Payment Innovation for the Year — Payment Awards, 2018
  • Rising Star — EGR B2B Awards, 2018.

Withdrawing to MuchBetter for Indian Customers

Once you’ve made a deposit with a betting site via MuchBetter, you should be able to make a withdrawal to it, too. Note that some bookies require you to deposit via a debit/credit card before being able to use MuchBetter and other e-wallets. This is specific to each betting site, and so you should check this with the customer service department.

Withdrawal times to MuchBetter are in line with withdrawing to other e-wallets from a bookmaker. Again, this is a processing time and isn’t something to cause alarm. Deposits tend to be instant, and withdrawals can take between 3 and 5 working days as standard.

In the banking area of your betting account, simply select the withdrawal option and choose MuchBetter as the banking method, as well as the amount of Rupees you wish to withdraw. You’ll probably need to enter your MuchBetter account information to process the request.

MuchBetter Withdrawal Times

We’d like to say that MuchBetter’s withdrawal times are “much better” than other e-wallets, but it’s hard to find out this information from them. There are processing times on the site, but none of them relate to Indian customers. We have been advised that the times will depend on your region in India and the status of your account. If the withdrawal times for Indian customers are anything like they are for other countries, then we’d be happy reviewers:

  • UK — Same day if requested by 4:30 pm.
  • Europe (EEA) other than UK — 1 business day for SEPA withdrawals.
  • Brazil — 1 business day.
  • Canada — 3 to 5 business days.
  • Latin America — 1 to 5 business days.
  • China — 1 to 5 business days.
  • Bitcoin — minutes.

With 5 business being the maximum, this isn’t dissimilar to other e-wallets.

Secure Betting for Indian Customers

Security is one of the main reasons Indian bettors use e-wallets in the first place. The prime advantage here is that you only need to give your personal and banking information to one entity — MuchBetter. This differs from depositing via a debit/credit card or bank transfer since you have to provide the card and bank information with every single betting site you register with.

With MuchBetter, you simply provide each site with your MuchBetter account information whenever you wish to deposit or withdraw. This inherent nature of MuchBetter offers great peace of mind for Indian bettors.

Further Security Information Needed on MuchBetter

MuchBetter happily tells us that they go further than other e-wallets by using the following safety precautions:

  • Device pairing.
  • Touch ID.
  • Dynamic security codes.
  • Transaction review system.

Even so, they don’t explain these in any further detail. We also aren’t told how they store personal information on their servers. For example, what level of encryption do they use, and do they have SSL in place?

What we can say, though, is that the operating company — MIR Limited UK — is a member of the Electronic Money Association and is regulated and licensed by the UK Financial Conduct Authority. To hold these accreditations, it must pass stringent data storage procedures. This gives us confidence that your funds and information are safe when using MuchBetter.

What Are the Negatives to MuchBetter?

MuchBetter sounds like an excellent banking method so far, right? We’re impressed with what we’ve seen, but to give you a balanced MuchBetter review, we need to cover any negatives that show up. When considering the below downsides to the e-wallet, keep in mind that we feel they’re not significant enough when considering the advantages.

Mastercard Not Available for Indian Customers

It’s great that MuchBetter has partnered with Mastercard to provide customers with a way to spend money directly from their wallet. Doing this avoids the fees incurred by withdrawing from the wallet to the bank account, and obviously avoiding processing times.

Unfortunately, the Mastercard isn’t available right now for Indian customers. At present, the Mastercard is only available to UK residents. We hope this hurdle is removed soon.

Fees for Withdrawing with MuchBetter

It’s perfectly normal for e-wallets to have withdrawal fees. Note that there usually aren’t any fees for withdrawing from the betting site to your e-wallet account. The withdrawal fees come into play when moving your money from your MuchBetter wallet to your bank account.

The ideal solution here is to use a MuchBetter card to avoid the fees. However, we’ve just shown that this isn’t possible for Indian customers. As such, there’s no current option to avoid these fees if you want your winnings in your bank account.

The good news is that MuchBetter claims to have the lowest fees out of all the iGaming wallet providers. At the time of writing, these are:

Withdrawal Method Minimum Amount (GBP/USD/EUR) Fee
SEPA £20/$20/€20 2%
Yandex £10/$10/€10 2.5%
Interac e-transfer £20/$20/€20 $4
Bitcoin £30/$30/€30 2%
Wire Transfer £250/$250/€250 €50 + 2% if applicable

 

More Detail About Withdrawing Funds

Again, MuchBetter isn’t great on providing further information here for Indian customers. Through our research, we concluded that SEPA, Yandex, and Interac aren’t available in India. This leaves Bitcoin and wire transfers. Since Bitcoin isn’t something that most bettors are comfortable with yet, you’re limited to the more common wire transfer.

Although MuchBetter quotes its wire transfer charge in Euros, there’ll be a Rupee equivalent at the time of you requesting a withdrawal. MuchBetter has advised us that you need to check the fees in your app when looking to make a withdrawal. Any percentage fee on top of the fixed cost will also be quoted. Our advice to avoid this is to try and use your MuchBetter account purely for moving money between betting accounts as much as possible.

It’s great to see that it’s free to use your MuchBetter account for the following transactions, which isn’t always the case with e-wallets:

  • Peer 2 Peer (P2P) transactions — sending and receiving.
  • Deposits and withdrawals with merchants.
  • Sending and receiving gifts.
  • Requesting money from friends.

There is a charge for foreign currency conversions; however, we’re not advised what this is for Rupees. Again, this information is usually provided by other e-wallets.

Potential Exclusion from Welcome Offers with using MuchBetter

Although at the time of writing the LeoVegas sign-up offer allows you to use MuchBetter as a banking method, this isn’t always the case across all bookmakers. Sometimes, e-wallets are generally excluded from the initial bonus. This is mainly so the bookmaker can confirm your identity by using your banking information. However, as e-wallet such as MuchBetter are very common in India, most of our top-rated betting sites don’t exclude customers who use them from claiming welcome bonuses.

Pros and Cons for Indian Customers Using MuchBetter

Pros

  • Award-winning.
  • Usable with the best cricket betting sites.
  • Accepts Indian customers.
  • Instant deposits to your betting account.
  • Bank transfer deposits are free.
  • App available for iOS and Android users.

Cons

  • Lacking information on withdrawal times.
  • Minimal information on fees for Indian customers.
  • Fees for withdrawing from and depositing into the wallet with certain methods.

Final Words on Using MuchBetter With Betting Sites in India

MuchBetter doesn’t have the market share that Skrill or Neteller have, but that doesn’t mean you should write-off opening a MuchBetter account. It’s simple to do so, no matter if you have an iOS or Android device, and verification doesn’t take long.

It’s clear to see that the team behind the MuchBetter e-wallet has a focus on the gaming industry, which transfers into a fast, efficient and cheap banking method for Indian bettors. This, combined with being award-winning and regulated by the UK FCA, makes for a popular and reliable banking method if you’re in India.

We’d like to see more readily information on the MuchBetter site tailored towards Indian customers. Even so, we’re more than happy to give MuchBetter our seal of approval as a banking method for cricket betting in India.

On a positive note, once you’re registered with the welcome offer, you’ll likely find that MuchBetter is available for the ongoing cricket betting bonuses.

MuchBetter and Cricket Betting — Frequently Asked Questions

Q. How Do You Use MuchBetter?

A. To use MuchBetter:

  1. Download the app through the App Store or Google Play.
  2. Register your account through the app.
  3. Log in to your account and deposit funds to your MuchBetter wallet.
  4. In your betting account, choose MuchBetter from the cashier options.
  5. Enter your MuchBetter account info and deposit amount.

Q. Is MuchBetter Safe to Use With Betting Sites From India?

A. Yes! MuchBetter is a safe and secure alternative to using your credit, debit card or bank details with every betting site you register with. It’s an excellent banking method for Indian bettors to deposit into bookmakers that accept Indian customers.

Q. How Long Does It Take to Withdraw to MuchBetter?

A. The withdrawal time will vary depending on the betting site’s internal processes. It’s usual for this to be between 2 and 5 working days. Once the funds show in your MuchBetter wallet, it’s yours to use as you wish.