Personal IBAN Service Supported by MuchBetter
Secure, hassle-free deposits have never been so close and within reach. MuchBetter has decided to allow its customers to set up a personal IBAN and use this service with their payment accounts, linking them to their online gambling profiles.
The news was announced at the ICE 2020 Gaming Show in London, with the award-winning iGaming payments company confirming the service launching initially for European MuchBetter customers and merchants. The project is expected to go live on a global scale later in the year.
What is IBAN?
IBAN (International Bank Account Number) is a system of identifying bank accounts working on an international level with the aim to facilitate money transactions and reduce the risk of errors during transfers.
Those who opt for the MuchBetter IBAN service will benefit from a facility that operates as a secondary bank account. Users will be able to make deposits to their iGaming accounts directly from their bank accounts. Opening their gaming apps or even their MuchBetter apps will no longer be necessary.
The MuchBetter IBAN Service Benefits
The unique new service will be equally straightforward and easy to use for both casino operators and account holders, according to MuchBetter co-founder, Jens Bader. Apparently, all the hassle is being cleared out of the way, allowing players to make quick deposits to their internet gaming accounts in a more direct manner, eliminating the middleman, or in this case the middle-app.
The risk for the operator is eliminated by finalising push payments through the MuchBetter API. As presented by MuchBetter representatives, these are the advantages the new MuchBetter IBAN service is expected to provide:
For Players
- Transferring funds without opening an iGaming app, MuchBetter app, logging in or visiting a cashier
- Players may ask for an extra layer of privacy
- Real-time crediting is enabled through personal IBAN for free
For Operators
- Giving players access to a seamless and secure deposit option they can benefit from in a unique way
- Making use of a low-cost, low-effort IBAN deposit option that is easy to set up
- Dispensing with paperwork and hassle-prone technical processes
- Notification each time an IBAN transaction comes through
As it is pointed out in the official announcement, European web gaming operators will be first to implement the new MuchBetter IBAN service and the European customers the first to use it. At the same time, the company sets the foundations to expand its convenient framework into further global markets in 2020.
Relevant news
Pragmatic Play Unveils Release the Kraken Megaways
Pragmatic Play, one of the leading names in the modern online gambling industry, has announced…
Swintt Launches Hidden Treasures of Rome
Swintt, the renowned developer of online casino games, has announced the launch of its newest…
Relax Gaming Invites You to a Quirky Backyard Party in Quackin’ Reels
The renowned software provider Relax Gaming is ready to add another exciting slot to its…
Embark on a Mythology-themed Adventure with Play’n GO’s Divine Divas
Play'n GO, the leading developer of online casino games, has announced the launch of the…
Hacksaw Gaming Adds Evil Eyes to Its Lineup of Slots
Hacksaw Gaming has expanded its slot portfolio by launching a new release. Titled Evil Eyes,…
Games Global Announces a Lineup of New Releases
Games Global, the leading supplier for the online gambling industry, has prepared a wide range…