MuchBetter Announces the Integration with Pay by Bank

Sam Richards
Authored by Sam Richards
Posted Tuesday, December 10, 2019 - 10:15am

As cooperation and strategic partnerships are important to enhance the businesses of the two sides, many companies join a collaborative alliance with others. That is the case of MuchBetter and Pay by Bank firms that signed a partnership on 28 November 2019. 

MuchBetter has built its reputation since its creation and has already been the award-winning payment service. As Mastercard’s Pay by Bank is a new option that allows the customers to pay online by just using a banking app, this deal will be more profitable not only for the two companies but also for the users. In this cooperation, the customers are able to recharge their accounts instantly from their bank accounts without passwords or banking details.

Details and Benefits of the Integration

MuchBetter accepted Pay By Bank because it is among the best mobile payment options, especially in the UK. In fact, this MasterCard app is not only highly convenient for the users but it doesn't charge any fees when they transfer money to their MuchBetter account. In this integration, Pay By Bank is expected to raise MuchBetter’s deposit options which are today over 30. 

Therefore, the users don't need to provide their credit or debit card number or even register on a separate app. They can instantly transfer the payments they received from their MuchBetter account to their bank account. Additionally, before confirming the payment, the customers are able to see their account balance which is different from other methods like credit and debit cards.

About MuchBetter

MuchBetter is an online mobile payment service owned and operated by MIR Limited UK Ltd. This app on Android and iOS devices is well-reputed for its simplicity and security. The e-wallet is licensed and regulated by the UK Financial Conduct Authority or FCA ensuring transparency and fairness to the customers. Today, MuchBetter has over 300,000 customers with hundreds of partners. 

To use this service, the users are just required to install the MuchBetter app on their mobile devices and subscribe to deposit funds. This registration takes only a few minutes and making payments is easy as pie. That’s why lots of British gamblers use the app to fund MuchBetter casinos in a few simple steps. Since MuchBetter is the first e-wallet to integrate Pay by Bank, money can be moved and received instantly with fraud risk reduction that’s usually caused in online gambling industry. 

Another reason to make MuchBetter more popular is the fees charged by this payment option. Actually, making a deposit using this method does not charge any fee. The app supports transactions in the world's strongest currencies such as EUR, GBP, and USD.

About Pay by Bank

Pay by Bank is an application powered by the multinational financial services Mastercard. As a matter of fact, the popular Mastercard is a global payment company that has appreciated by many businesses and customers in over 210 countries. 

Pay by Bank app was released in 2016 with the main purpose of facilitating and enhancing the customers’ online payment processes. Pay by Bank was created by VocaLink which is part of Mastercard and supported by the mobile payment Zapp. Today, Pay by Bank app means an innovative digital payment enabling users to control and simplify the process.

How Pay by Bank works?

To move funds using Pay by Bank, just choose this app and use your fingerprint on the phone when you log in to generate code from your bank. Then, your account balance will be shown before you confirm the payment to enable you to check your funds. 

As stated above, the transaction made with Pay by Bank is at the same time reliable, safe, and simple. This payment allows the users to verify and manage their balance without supplying payment details making it more attractive.

Final Words

With the emergence of payment methods, MuchBetter can be considered to be among the most convenient options. As it is integrated with Pay by Bank, the users are able to make more convenient transactions. 

Moreover, this Pay by Bank’s introduction improves the customers’ experience since they just view their money before moving funds without supplying payment details. Unfortunately, only the customers of Barclays Ping and HSBC can use the MuchBetter account using Pay by Bank but it will expand to other UK based banks in the future.


 

Share this