NOTE: This article is relevant only to customers in most countries of the EEA (except for Austria, Germany and Norway).
No, but if you don't accept the terms and conditions you will not be able to access it, or use it. Without acceptance of the new terms and conditions, your account will remain inactive or not operational and no actions or transactions can be performed as it is not licensed or regulated by our EEA partner.
As we have communicated in our recent update; MuchBetter is no longer offering its operational services under Payrnet's license agreement. MuchBetter operates under a different license regulated by the Central Bank of Cyprus for customers who wish to accept our new terms and conditions and activate their account with MuchBetter.