MuchBetter new free contactless payment ring launched in Italy, offering a stylish and convenient way to make secure payments worldwide without the need for batteries or charging.
MuchBetter, a leader in wearable payment technology, has just introduced a free contactless ceramic payment ring, offering consumers a stylish and convenient way to make payments without the upfront cost.
Key Takeaways
- MuchBetter introduces a free contactless ceramic payment ring
- The ring is water-resistant, durable, and requires no battery or charging.
- Users can make secure payments worldwide wherever Mastercard is accepted.
This innovative ring takes contactless convenience to a new level. It doesn’t need a battery or charging, doesn’t rely on a phone for use, and is water-resistant and durable. Let’s get into the details.
What are the design and color options for the Ring?
The MuchBetter payment ring is very light and thin and made from ceramic. It is available in only black unlike other smart ring such as Samsung Galaxy Ring, Evie Ring, Ultrahuman, Oura Gen3, etc. Inside the ring are a chip and antenna for contactless payments.
The ring is waterproof, and sandproof. Simply hold it near a POS machine to initiate transactions, with all payments tracked in the accompanying app. While the app isn’t necessary for making payments, it’s useful for monitoring your balance.
How does MuchBetter contactless Payment Ring Works?
Once your account is verified, you get the ring for free by adding £100 to your account, along with a £5.99 delivery charge.
Upon receiving the ring, they can pair it with their NFC-enabled smartphone using the ‘Knock To Activate‘ feature in the free MuchBetter app.
The ring works like any other payment device, enabling users to make payments worldwide wherever Mastercard is accepted by simply tapping the ring on a contactless terminal.
Is the MuchBetter app safe to use?
Yes, the MuchBetter app is secure. It employs device pairing, Touch ID, dynamic security codes, and a transaction review system to protect your account and ensure only authorized transactions are approved.
What is the transaction limit for the MuchBetter payment ring?
The payment ring allows for a maximum of 5 contactless transactions before requiring a chip and PIN verification.
Also Read: 10 Best Evie Ring Alternatives in 2024: Which One is Right for You?
Is Payment through MuchBetter Ring secure?
The ring connects securely to the consumer’s MuchBetter payment account via their Android or iOS smartphone, ensuring payment details remain private.
For security, the app requires a 4-digit passcode and allows you to freeze the ring if lost. It also adheres to contactless payment limits, requiring a chip and PIN for multiple transactions.
The company offers a range of digital payment solutions, including a digital wallet, a payment gateway, wearable devices such as keyrings and watches, and the company prepaid Mastercard.
Customers can load funds onto the ring at their convenience, receive instant transaction notifications, view spending histories, and freeze the ring if it’s lost or stolen, all without needing to contact their bank.
Also Read: How to Upgrade Your Amazfit Helio Ring to Version 8.10.6?
Final Words:
In essence, the ring is designed for those who prefer not to carry a wallet or smartphone for every payment, making life a little more convenient and stylish.
Although the ring was first launched in Italy, I think that with people going cashless and no charging required, it will definitely be the best choice for a payment ring. This ring provides the ultimate convenience of contactless payments on the go.
Q1: Can I track my transactions with the MuchBetter payment ring?
Ans: Yes, all transactions made with the payment ring are tracked in the MuchBetter app, where you can also view your spending history and manage your funds.
Q2: What should I do if I lose my MuchBetter payment ring?
Ans: If you lose your payment ring, you can freeze it through the MuchBetter app to prevent unauthorized use.
Q3: What is the minimum deposit required for MuchBetter?
Ans: The minimum deposit into your account is $10 USD. The same amount typically applies to the minimum withdrawal.
