Privacy settings

We use a number of cookies on our website. Some are essential, while others help us improve our portal for you.

Privacy settings

Here is an overview of all the cookies we use. You can choose to accept whole categories or view more information and select only certain cookies.

Essential (6)

Essential cookies enable basic functions and are necessary for the website to function properly.

Statistics (3)

Statistics cookies collect information anonymously. This information helps us to understand how our visitors use our website.
If the statistics cookies are subsequently deselected, they will remain on the computer until the expiry date. However, they are neither updated nor evaluated.

Deposit and withdrawal methods: MuchBetter service interruption (Page 29)

Topic created on 09th Feb. 2023 | Page: 29 of 53 | Answers: 787 | Views: 149,169
Anonym

MuchBetter service interruption

22nd Feb. 2023, at 04:55 pm CET#421
1 Like

Liked this post: Avatar von Falko Falko
Guys, you can try to pay out 100 times, nothing will come for the time being, because the Bank of Lithuania has temporarily prohibited the business operations for EEA accounts. If the BaFin does something like that here in DE, it is called a moratorium, i.e. a temporary payment ban.

Since MuchBetter only deals with demand deposits and not accounts that are managed as savings accounts, there is no possibility to get the money until the end of the payment ban; the only possibility is an application to the Bank of Lithuania for a hardship decision, i.e. if non-payment threatens an acute economic emergency.

However, I find the communication on the part of MuchBetter - to put it mildly - absolutely underground. They have messed up, then they should at least say openly and honestly how the situation is, instead of telling something different with every inquiry.

This post has been translated automatically

kleo7777
Experienced

MuchBetter service interruption

22nd Feb. 2023, at 05:18 pm CET#422
0 Likes

Nobody has liked this post so far
@Antiheld1335 We have that yes Verstanden but still super that you explain the again so detailed ... as you say MuchBetter gives viiieeelll too little information out that unsettles the people... and first it was really said to go in / payout, now came with all the money back and at the same time came an email to try again ... it would have been much more useful to give out more information

This post has been translated automatically

NuggetKing
Amateur

MuchBetter service interruption

22nd Feb. 2023, at 05:30 pm CET#423
0 Likes

Nobody has liked this post so far
yes the 2, payout also came directly back just now!

This post has been translated automatically

Anonym

MuchBetter service interruption

23rd Feb. 2023, at 12:22 am CET#424
0 Likes

Nobody has liked this post so far
On Telegram one writes that the investigation can take up to 27 months

This post has been translated automatically

gamble1
Icon

MuchBetter service interruption

23rd Feb. 2023, at 12:26 am CET#425
1 Like

Liked this post: Anonym

Gigi55 wrote on 02/23/2023 at 00:22: On Telegram someone writes that the investigation can take up to 27 months


WTF?!!! That would be the crowning glory

This post has been translated automatically

Donnie
Elite

MuchBetter service interruption

23rd Feb. 2023, at 12:45 am CET#426
2 Likes

Liked this post: Avatar von Chewi Chewi, Avatar von Max_Bet Max_Bet
Was once years ago on some gambling site (Sunmaker?) a bonus or real money if you register with Muchbetter.Have MuchBetter still never used because I had a bad feeling from the beginning.Now people may run for months or years after their money,not to believe🤷

This post has been translated automatically

gamble1
Icon

MuchBetter service interruption

23rd Feb. 2023, at 12:53 am CET#427
1 Like

Liked this post: Avatar von Falko Falko
Donnie wrote on 23.02.2023 at 00:45: Gave times years ago on some gambling site (Sunmaker?) a bonus or real money if you register with Muchbetter.Hab MuchBetter nevertheless never used because I had a bad feeling from the beginning.Now people may run months or years after their money, not to believe🤷

Jap through sunmaker I am also come to MB they have at that time even sent the keychain with Sunmaker logo where you could pay via Muchbetter contactless was I think 2017 or 18 and until now never had problems

This post has been translated automatically

Max_Bet
Expert

MuchBetter service interruption

23rd Feb. 2023, at 10:53 am CET#428
0 Likes

Nobody has liked this post so far

gamble1 wrote on 23.02.2023 at 00:53 Clock:
Yep through sunmaker I also came to MB they sent you back then even the keychain with Sunmaker logo where you could pay via MuchBetter contactless was I think 2017 or 18 and until now never had problems

Ditto. by Sunmaker with me too. Had also once this pendant to pay sent but have MB never used...

This post has been translated automatically

NuggetKing
Amateur

MuchBetter service interruption

23rd Feb. 2023, at 11:16 am CET#429
0 Likes

Nobody has liked this post so far

Gigi55 wrote on 02/23/2023 at 00:22: On Telegram someone writes that the investigation can take up to 27 months


No to apply for a new license and until it is there takes about 3 months

This post has been translated automatically

Anonym

MuchBetter service interruption

23rd Feb. 2023, at 01:48 pm CET#430
0 Likes

Nobody has liked this post so far
I don't think we will see our money again. Russia needs money:

In addition, the U.S. Treasury threatened foreign banks with severe sanctions if they entered into business partnerships with providers of MIR cards, a government-subsidized payment system wholly owned by the Russian government

This post has been translated automatically

Falko
Icon

MuchBetter service interruption

23rd Feb. 2023, at 03:18 pm CET#431
0 Likes

Nobody has liked this post so far

Gigi55 wrote on 02/23/2023 at 13:48: I don't think we will see our money again. Russia needs money after all:

In addition, the U.S. Treasury threatened foreign banks with severe sanctions if they entered into business partnerships with providers of MIR cards, a government-subsidized payment system wholly owned by the Russian government

Lithuania is not even the least bit united with Russia, on the contrary, it is one of the countries that is cracking down on Russia the hardest.

This post has been translated automatically

Jerzy

MuchBetter service interruption

23rd Feb. 2023, at 03:35 pm CET#432
0 Likes

Nobody has liked this post so far
hahaha. A friend in Ukraine requested $100 via MuchBetter for Verification because my send function was missing. And the money was sent, he received. Accordingly, he wanted to withdraw them for himself, the payment was canceled and the money was immediately returned to my account, not even to his. Rave
NuggetKing
Amateur

MuchBetter service interruption

23rd Feb. 2023, at 04:33 pm CET#433
0 Likes

Nobody has liked this post so far
Yes we get our money but Lithuania is an EU country so we also have claim I have today times googled
Jerzy wrote on 02/23/2023 at 3:35 pm: hahaha. A friend in Ukraine requested $100 through MuchBetter for Verification because my sending feature was missing. And the money was sent, he received it. Accordingly, he wanted to withdraw it for himself, the payment was cancelled and the money was immediately transferred back to my account, not even to his. Rave


Yes that works net you also can not Deposit to mutchbetter

This post has been translated automatically

Polarstar

MuchBetter service interruption

23rd Feb. 2023, at 05:29 pm CET#434
0 Likes

Nobody has liked this post so far
I did some research.

MuchBetter is operated in Europe by rtekk Holding Limited (Isle of Man). In the absence of an own European e-money license, the license of the railsr subsidiary UAB Payrnet is used. UAB Payrnet has in turn set up UAB MIR Lithuania as an e-money agent. The latter acts as a contractual partner for the customer.

Now there is an investigation, as everyone already knows because either PayRnet or UAB MIR Lithuania messed up big time. Money laundering/terrorism financing are the main allegations on the website of the Bank of Lithuania, which is the regulator for PayrNet (license holder).

The rtekk Holding Limited in turn belongs to Investcorp - which bought the MuchBetter business in September 2021, a hedge fund from Bahrain.

Related Press Release: https://www.investcorp.com/investcorp-acquires-the-business-and-assets-of-digital-payments-platform-operator-mir-limited/

Complaints can be made to Investcorp (the actual owner) at:

clientcomplaintsofficer@investcorp.com
reportcyberfraud@investcorp.com



In the absence of a license MuchBetter will not be able to resume its European business. Therefore I think a solution must be found, how all customers get their money back. After all, they should not be the ones to suffer. This should also be in the interest of the regulator. The fact that the regulator has (apparently) stopped exactly these payouts already indicates a more serious issue, i.e. this will certainly drag on for a long time.

This post has been translated automatically

NuggetKing
Amateur

MuchBetter service interruption

23rd Feb. 2023, at 05:32 pm CET#435
0 Likes

Nobody has liked this post so far

Polarstar wrote on 23.02.2023 at 17:29: I did some research.

MuchBetter is operated in Europe by rtekk Holding Limited (Isle of Man). It uses, in the absence of its own European e-money license, the license of railsr subsidiary UAB Payrnet. UAB Payrnet has in turn set up UAB MIR Lithuania as an e-money agent. The latter acts as a contractual partner for the customer.

Now there is an investigation, as everyone already knows because either PayRnet or UAB MIR Lithuania messed up big time. Money laundering/terrorism financing are the main allegations on the website of the Bank of Lithuania, which is the regulator for PayrNet (license holder).

The rtekk Holding Limited in turn belongs to Investcorp - which bought the MuchBetter Business in September 2021, a hedge fund from Bahrain.

Related Press Release: https://www.investcorp.com/investcorp-acquires-the-business-and-assets-of-digital-payments-platform-operator-mir-limited/

Complaints can be made to Investcorp (the actual owner) at:

clientcomplaintsofficer@investcorp.com
reportcyberfraud@investcorp.com



In the absence of a license MuchBetter will not be able to resume its European business. Therefore I think a solution must be found, how all customers get their money back. After all, they should not be the ones to suffer. This should also be in the interest of the regulator. The fact that the regulator has (apparently) stopped exactly these payouts already indicates a more serious issue, i.e. this will certainly drag on for a long time.


that's right but we will get our money

This post has been translated automatically

Hot Topics22nd Nov. 2024 at 07:55 am CET

Offline Casinos
0
Casino Games
0
Offline Casinos
0

GambleJoe Team

Profile picture of JulianJulian
Community-Manager / Complaint SpecialistProfile picture of CounterCounter
Software developerProfile picture of MatthiasMatthias
Project manager
Profile picture of DanielDaniel
Founder

Community Forum-Moderators

Members who assist the GJ team in moderating the forum.
Profile picture of AndreAndre
Profile picture of gamble1gamble1
Profile picture of Langhans_innenLanghans_innen
Profile picture of SaphiraSaphira
GambleJoe is aimed exclusively at user whose allowed to play legally with his current location in online casinos and does not violate the current law.
It is the responsibility of the user to inform himself about the current legal situation. Gambling is prohibited for children and adolescents under the age of 18.
GambleJoe is a registered trademark with the EUIPO of GJ International Ltd.
© 2012-2024 GambleJoe.com
✕

Forgotten your password?

Create a new password here

  • 1. Fill in the 3 fields carefully and click on the green button
  • 2. Check your email inbox for a message from GambleJoe
  • 3. Click on the confirmation link in the email and your new password will be active immediately