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If you’re trying to figure out how to verify your MuchBetter account, you’re in the right place. MuchBetter is one of the most widely accepted e-money services on the market, and they’ve done a shockingly good job of streamlining the process - especially when compared to similar services.
Considering that VolumeKings and MuchBetter have been in business for over 3 years, it feels only right that we provide a handy little guide to make the process somehow even easier.
So - what’s the first bit up for discussion?
Today’s Topics Include:
Now, let’s talk MuchBetter verification.
Let’s start you out with the basics - you know, the actual process of verification. Once we’ve done that, we can move into answering a few questions, providing some advice, and then wrap for the day - deal?
Considering that verification is one of the most important steps to creating your MuchBetter account, it makes sense that they’ve streamlined the process. This is quite good news, as verification is the only way for users to gain access to all that MuchBetter offers. If you want lowered fees, higher limits, and more handy little benefits, keep reading.
For verification, you’ll only need a couple of things:
Here’s how to verify a MuchBetter account:
If you’re curious about your verification and haven’t received an SMS message, head to your MuchBetter account. Click “More” > “Limits” > “Raise My Limits.” Verified accounts will have drastically higher account limits and will be marked as “verified.”
And here is where we answer all of the most commonly asked questions related to MuchBetter verification. Most of these are pretty quick and easy, but be sure to peruse through - you’ll find quite a bit of handy information.
Yes, you can use MuchBetter without verifying your account.
However, failure to verify one’s account can have a few less than ideal consequences, such as:
Considering that verification is not only free but takes a matter of maybe five minutes, it really doesn’t seem entirely worth avoiding verification, does it?
Once again, no - you do not have to verify your MuchBetter account.
Verification unlocks a swathe of handy benefits, though. Verified accounts have higher account limits, lower fees on specific transactions, and access to the full suite of MuchBetter features. Unverified accounts are restricted to a very strict (and low) monthly limit and are only able to send, receive, and convert funds.
No - unverified MuchBetter accounts are unable to withdraw funds.
While this may seem frustrating, it’s a matter of security. And considering that the FCA closely monitors MuchBetter to ensure they stay within the letter of the law, that makes sense. Financial institutions are required to verify the identity of all users; just as MasterCard needs to know it’s you (and not Jim from Montana) signing up for the card, so too does MuchBetter.
Think about it for a second - verification ensures that your money goes to you - so it’s really not as bad as it sounds.
Yes, you can receive money on MuchBetter without verification.
While you will be unable to withdraw the funds, you’re more than capable of receiving them. Be sure to verify your account to prevent being unable to withdraw your money.
MuchBetter verifies in a matter of roughly sixty (60) seconds.
This is far faster than many similar services that can take up to five (or more!) business days to finish verifying. Realistically, that translates to one thing - there’s no reason not to verify. It takes a matter of minutes and is free; seriously, what more could you need?
Yes, you can send money on MuchBetter without verifying your account.
Keep in mind that MuchBetter accounts are only capable of sending money to wallets in the same country (UK to the UK, India to India, etc.).
Generally, MuchBetter rejects documents because they are either expired, invalid, or don’t represent the information given during registration.
This boils down to a few things, though the most important is attention to detail. Among the most common causes of rejected documents on MuchBetter are:
Ultimately, MuchBetter’s verification process is incredibly straightforward and easy to use. It’s faster than most similar services, taking only 60 seconds to accomplish, and it’s entirely free! While you will need a few minutes to do the actual process (along with a decent bit of paperwork), verifying on MuchBetter is truly simple.
By following the guide above, you’ll be verified in no time and gain access to several awesome perks. So what're you waiting for? Get going!
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