Railsr has an e-money institution namnes PayRnet in Lithuania. PayRnet = licensor of MIR UAB Lithuania.
MIR UAB Lithuania = MuchBetter Europe
PayRnet license has been restricted.
Bank of Lithuania statement (see their website) states that PayRnet was ordered, among other things, to immediately terminate its cooperation with MIR UAB Lithuania (MuchBetter).
Reasons? - bit nebulous, but the statements above speak for themselves....
So MB no longer has a license in Europe. That is the state of affairs.
That doesn't sound good either. I somehow can't imagine a positive outcome anymore. There will most likely be horrendous fines and the state will take the money from the money that probably belongs to us. Nothing will be released before that.
This does not sound good either. I somehow can't imagine a positive outcome anymore. There will most likely also horrendous fines due and the state will take the coal from the money that probably belongs to us. Nothing will be released before that.
No, all funds in the form of e-money are ALWAYS 100% safe. They are held in so called Safeguarding or Client-designated accounts and may not be used to pay creditors of any kind. So money is not gone, how long it takes until it is paid out to the customers - you can not say, but the regulator will already look at it, that here is worked quickly and cleanly.
No, all funds in the form of e-money are ALWAYS 100% safe. They are held in what is called Safeguarding or Client-designated accounts and are also not allowed to be used to pay creditors of any kind. So money is not gone, how long it takes until it is paid out to customers - can not say, but the regulator will already look at it, that here is worked quickly and cleanly.
Ok, that's new to me, but I don't know that much about it either.
If that's the case, then it's only a matter of time. Somehow I still don't have a good feeling.
We are very sorry to hear about your dissatisfaction.
Rest assured that your money is safe and your withdrawal request is in process.
Our support team is currently dealing with a high volume of inquiries and since we do not have enough information available, we may receive similar responses. We can assure you that every answer will come from one of our colleagues.
kleo7777 wrote on 02/17/2023 at 12:33 pm: Something new again!!!
Reply support@ Reply from MuchBetter
2 hours ago
Hello!
We are very sorry to hear about your dissatisfaction.
Rest assured that your money is safe and your withdrawal request is in process.
Our support team is currently dealing with a high volume of inquiries and since we do not have enough information available, we may receive similar responses. We can assure you that every answer will come from one of our colleagues.
We thank you for your understanding and patience
There may be only automated answers from a mail bot, so that we still believe that the company is still working normally, in reality real people may have already disappeared there with our money
But this money should never be counted in the Hauhsltskasse....
So with me does nothing Auszahlungsmässig even the support now no longer responds... I write me the mental times off and if it should still come one is even more pleased ...
Well, I had MB also used for business and there was some money on it it was always the impression that everything runs cleanly and is just compared to one of many bank for free
Naja calculates times like many billions of euros MB quasi to work had if one only times the whole casinos takes the counterpart to MuchBetter also had to use an account to process deposits and withdrawals the must be really stupid there because theoretically there should also first little to no money arrives
Maybe that's even good you know how it goes when many partners with large funds are affected and from a casino source I know that they also have to load their wallet normally at least with Muchbetter only that there are just millions that are booked
Think there will soon be something new I cross my fingers for everyone who still gets money
gamble1 wrote on 17.02.2023 at 14:32 clock:
Well I had MB also used for business and there was quite a bit of money on it it was always given the impression there everything runs cleanly and is just compared to one of many bank for free
Well calculates times how many billions of euros MB had to work if you take only times all the casinos as a counterpart to MuchBetter also had to use an account to process deposits and withdrawals must be really stupid there because theoretically there should also first little to no money arrives
Maybe that's even good you know how it goes when many partners with large funds are affected and from a casino source I know that they also have to load their wallet normally at least with Muchbetter only that there are just millions that are booked
Think there will soon be something new I cross my fingers for everyone who still gets money
Update : 17 February MuchBetter communicates via Instagram via chat that not only as claimed credit cards + FOB but also all withdrawals currently can not be made . An estimate of when they have a solution for this they can not give !
Tach; I have registered especially for this thread here.
On my MuchBetter account is a middle three-digit amount, is not currently needed.
Nevertheless I don't have anything to give away. It's deposited money, I want it back of course! Therefore my question
Do you think it's better to initiate a payout to my bank account (which won't be executed at first) despite the current standstill, or is it wiser to wait and see how things develop (I think if the problems remain, a trustee will be appointed for payouts of customer funds or something)?
I'm absolutely not clear on this at the moment and appreciate thoughts on this!
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17th Feb. 2023, at 04:52 pm CET#314
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Pokerbaer wrote on 17.02.2023 at 16:16: Tach; I signed up especially for this thread here.
There is a mid three-digit amount on my MuchBetter account, it is currently not needed.
Nevertheless I don't have anything to give away. It is deposited money, I want it back of course! Therefore my question
Do you think it's better to initiate a payout to my bank account (which won't be executed at first) despite the current standstill, or is it wiser to wait and see how things develop (I think if the problems remain, a trustee will be appointed for payouts of customer funds or something)?
I'm absolutely not clear on this at the moment and appreciate thoughts on this!
This will be hop like skip since the money is frozen.
Pokerbaer wrote on 17.02.2023 at 16:16: Tach; I signed up especially for this thread here.
There is a mid three-digit amount on my MuchBetter account, it is currently not needed.
Nevertheless I don't have anything to give away. It is deposited money, I want it back of course! Therefore my question
Do you think it's better to initiate a payout to my bank account (which won't be executed at first) despite the current standstill, or is it wiser to wait and see how things develop (I think if the problems remain, a trustee will be appointed for payouts of customer funds or something)?
I'm absolutely not clear on this at the moment and appreciate thoughts on this!
I would initiate a payout immediately. About the complete sum. Even if it has no chance of success at the moment. If it should come down to the date at some point, the sooner the better.
But is only my opinion, only read here & am fortunately not affected.
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That doesn't sound good either. I somehow can't imagine a positive outcome anymore. There will most likely be horrendous fines and the state will take the money from the money that probably belongs to us. Nothing will be released before that.
Edit from Caro: Quote adjusted
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No, all funds in the form of e-money are ALWAYS 100% safe. They are held in so called Safeguarding or Client-designated accounts and may not be used to pay creditors of any kind. So money is not gone, how long it takes until it is paid out to the customers - you can not say, but the regulator will already look at it, that here is worked quickly and cleanly.
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MuchBetter service interruption
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Ok, that's new to me, but I don't know that much about it either.
If that's the case, then it's only a matter of time. Somehow I still don't have a good feeling.
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Reply support@ Reply from MuchBetter
2 hours ago
Hello!
We are very sorry to hear about your dissatisfaction.
Rest assured that your money is safe and your withdrawal request is in process.
Our support team is currently dealing with a high volume of inquiries and since we do not have enough information available, we may receive similar responses. We can assure you that every answer will come from one of our colleagues.
We thank you for your understanding and patience
This post has been translated automatically
MuchBetter service interruption
Nobody has liked this post so far
There may be only automated answers from a mail bot, so that we still believe that the company is still working normally, in reality real people may have already disappeared there with our money
This post has been translated automatically
MuchBetter service interruption
Nobody has liked this post so far
Well, I had MB also used for business and there was some money on it it was always the impression that everything runs cleanly and is just compared to one of many bank for free
Naja calculates times like many billions of euros MB quasi to work had if one only times the whole casinos takes the counterpart to MuchBetter also had to use an account to process deposits and withdrawals the must be really stupid there because theoretically there should also first little to no money arrives
Maybe that's even good you know how it goes when many partners with large funds are affected and from a casino source I know that they also have to load their wallet normally at least with Muchbetter only that there are just millions that are booked
Think there will soon be something new I cross my fingers for everyone who still gets money
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9 days on 60 euro crypto
3 days on 20 euro bank withdrawal
1 day again 10 euro cypto because has been said goes again haha nothing goes
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Thanks but soon no longer believe it
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On my MuchBetter account is a middle three-digit amount, is not currently needed.
Nevertheless I don't have anything to give away. It's deposited money, I want it back of course! Therefore my question
Do you think it's better to initiate a payout to my bank account (which won't be executed at first) despite the current standstill, or is it wiser to wait and see how things develop (I think if the problems remain, a trustee will be appointed for payouts of customer funds or something)?
I'm absolutely not clear on this at the moment and appreciate thoughts on this!
This post has been translated automatically
MuchBetter service interruption
Nobody has liked this post so far
This will be hop like skip since the money is frozen.
This post has been translated automatically
MuchBetter service interruption
Nobody has liked this post so far
I would initiate a payout immediately. About the complete sum. Even if it has no chance of success at the moment. If it should come down to the date at some point, the sooner the better.
But is only my opinion, only read here & am fortunately not affected.
This post has been translated automatically