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

Topic created on 09th Feb. 2023 | Page: 29 of 53 | Answers: 787 | Views: 151,356
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.

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kleo7777
Experienced

MuchBetter service interruption

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

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NuggetKing
Amateur

MuchBetter service interruption

22nd Feb. 2023, at 05:30 pm CET#423
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yes the 2, payout also came directly back just now!

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Anonym

MuchBetter service interruption

23rd Feb. 2023, at 12:22 am CET#424
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On Telegram one writes that the investigation can take up to 27 months

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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

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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🤷

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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

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Max_Bet
Expert

MuchBetter service interruption

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

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NuggetKing
Amateur

MuchBetter service interruption

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

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Anonym

MuchBetter service interruption

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

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Falko
Icon

MuchBetter service interruption

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

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Jerzy

MuchBetter service interruption

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

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Polarstar

MuchBetter service interruption

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

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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

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