UK, London, 4th February 2020 – MuchBetter, the award winning iGaming payments company, today announced the launch of a unique payments service allowing customers to set up a personal IBAN (International Bank Account Number) for use with their MuchBetter accounts, that can be paired with their iGaming accounts. The IBAN service is a free, private and straightforward way for players to transfer payments to their most frequently used iGaming accounts.
IBAN is an internationally agreed system of identifying bank accounts across national borders to facilitate transactions with a reduced risk of errors. The MuchBetter IBAN service functions like a secondary bank account, enabling users to make deposits to their iGaming accounts directly from their bank accounts without ever having to open their gaming app or their MuchBetter app.
These IBAN transactions are equally straightforward for operators. As a push payment, there is no payment risk. Transactions are made through the MuchBetter API just like other MuchBetter transactions. This means there is only very little technical effort and no need for operators to complete extra paperwork or technical processes in order to accept MuchBetter IBAN payments. Operators get notified each time an IBAN transaction comes through, enabling a real-time crediting of the players gaming account.
“This is a unique new service for iGaming’s early adopters, for players and operators alike,” said MuchBetter co-founder, Jens Bader. “For regular players, having a personal IBAN is a hassle-free way of transferring funds into their favourite iGaming accounts without ever opening an iGaming app, logging in or visiting a cashier page. It also adds that extra layer of privacy for those that want it. For operators, the service is a great way to appeal to these high value players, giving them access to a unique, seamless and secure deposit option. There is very little cost or effort required to set up the IBAN deposit option. No paperwork, no painful technical processes.”
The MuchBetter IBAN service will initially be open to European MuchBetter customers and merchants, with plans to roll out the service globally later in 2020. For more details, please contact the MuchBetter team.
MuchBetter, operated by MIR Limited UK Ltd, an FCA-licensed and regulated e-money issuer, is the new payments application for iGaming. Available on Android and iOS, MuchBetter make effortless online, offline and contactless payments throughout EMEA. Funds can be transferred and received in real-time and MuchBetter’s unique commercial model increases operator revenues while its anti-fraud features and use of best in class technology reduces risk.