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2024 MuchBetter Review: The Best E-Money Service?

Find out if MuchBetter is worth the hype. Our 2024 review covers everything from fees and security to rewards and availability. Read on for the full scoop!

Paul McKenna / MuchBetter

July 8, 2024

If you're trying to find your next e-money service, chances are you've heard of MuchBetter. But does it hold up? Read on to learn what MuchBetter offers and if it's right for you.

MuchBetter is an excellent e-money transfer service. They offer competitive rates and limits for account holders and provide a range of services. From P2P and merchant transactions to forex, crypto, and online gaming, MuchBetter covers almost everything.

But is it worth the hype? Let's find out.

Key Takeaways

  • Comprehensive Services: MuchBetter offers P2P, merchant transactions, forex, crypto, and online gaming.

  • Competitive Fees: Their fees are lower than industry standards.

  • High Security: Advanced security features ensure your funds are safe.

  • Limited Rewards: Their reward and VIP programs are not as robust as competitors.

  • Wide Availability: Accepted in most parts of the world, but with some regional restrictions.

What is MuchBetter?

MuchBetter is an e-money transfer service founded in the UK in 2016. Initially focusing on P2P and merchant payment processing, they quickly expanded into other fields. Today, MuchBetter is your one-stop shop for forex, crypto, online gaming, and P2P payments.

Is MuchBetter Safe?

Yes! MuchBetter is fully regulated in the UK by the Financial Conduct Authority (FCA) and Gambling Commission. This means they adhere to all UK laws, and the same applies to every country in which MuchBetter operates. Their top-tier security features further enhance safety.

Is MuchBetter Legit?

MuchBetter is entirely legitimate. They are fully licensed and regulated, with a strong reputation for trustworthy payment processing. Millions of users annually back up this claim.

MuchBetter Review: 2024

Fees & Limits

The fees and limits at MuchBetter are crucial factors for daily users. Here's a brief overview:

Fee/Limit Type

MuchBetter Fee/Limit

Industry Standard Fee/Limit

Deposit via Bank


1-3% and/or flat fee

Deposit via Pay-by-Bank App


1-3% and/or flat fee

Deposit via Debit Card


1-3% and/or flat fee

Send/Receive Money (w/ other MuchBetter users)



Merchant Transactions



Currency Conversion (FX)



MuchBetter MasterCard: Online Payment



MuchBetter MasterCard: Contactless Payment



MuchBetter MasterCard: In-Person Payment



Crypto Withdrawal


3-5% + flat fee

Verified Account Limits

~5x higher than unverified

~5x higher than unverified

ATM Withdrawal Limit

£4,500 (daily), £22,500 (monthly), £90,000 (yearly)

£100-400 per day, £1,000-10,000 per month, less than £50,000 per year

Contactless Payment Limit

Up to 5 per day

Contactless not offered


MuchBetter's security measures include:

  • Encryption: State-of-the-art SSL

  • Secondary Security: Biometric locking (mobile app) & Two-Factor Authentication (2FA)

  • Software: Device pairing and a secure, modern mobile app

  • Transaction Safety: All transactions are reviewed for accuracy

  • Dynamic Security Codes (CVV): A proprietary, patent-pending security measure


MuchBetter offers a unique rewards system:

  • MuchBetter Rewards Programme & MegaDraw: A lottery-like system where each pound/euro spent equals one entry. Prizes include cash, trips, and more.

  • MuchBetter VIP Programme: Invite-only, offering personal account managers and cash gifts.

Availability & Coverage

MuchBetter is accepted in most parts of the world, offering full service to Asia, Africa, Europe, and Latin America. They do not service the Middle East, the United States, and some other countries. The MuchBetter MasterCard is only available to EU residents.

🚀 Exclusive Benefits of the eWalletBooster.com Collaboration with MuchBetter

eWalletBooster offers several exclusive benefits for MuchBetter users:

  • FREE P2P Transfers

  • Save money with 0.99% FX fee for conversions between USD/EUR/GBP

  • Earn “MB Coins” on every transaction

  • Monthly eWalletBooster cashback via eWalletBooster rewards dashboard

The Final Say

MuchBetter is an excellent e-money transfer service, offering robust security, competitive fees, and a wide range of services. While their reward and VIP programs could be improved, their overall offerings make them a solid choice for most users. Whether you're investing in crypto, trading forex, or just sending money to friends, MuchBetter has you covered.

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  • Save money with 0.99% FX fee for conversions between USD/EUR/GBP

  • “MB Coins” on every transaction

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