Last Updated on February 11, 2023 by Dave Hall
Many players these days look towards the MiFinity e-wallet as their payment solution when it comes to online casinos. These are our recommended Mifinity Casinos, along with a guide to what Mifinity is, where they came from and the benefits of using them for online casino transactions.
If you already know all about this e-wallet, then you can proceed directly to our MiFinity online casinos below. Otherwise, read on further down to find our more about this e-wallet banking method.
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Most online casinos offer players various payment options. The reason behind this move is to improve the player experiences on their platforms by giving them convenient ways of making deposits and withdrawals.
These payment options range from bank cards to e-wallets. One of the most popular payment options among online casinos is MiFinity. Have you heard about MiFinity? Wondering what’s making them different than other e-wallets? Keep on reading to learn more about this payment service.
What is MiFinity?
With over 15 years of operation in the finance sector, MiFinity is an online payment service that is owned by a UK based company, MiFinity LTD. It is licensed by the Financial Conduct Authority (FCA) and transacts with nearly all industries such as travel, construction, airlines, and online gambling. MiFinity is a credible, legit, and convenient payment solution that players can use to fund or withdraw from their online casino accounts.
It is available globally and partners with banks from all corners of the world as well. Just like other e-wallets, you can fund the account and use it to make payments such as on your casino account. However, as a payment solution, there is something that is making MiFinity more ideal for casino players. We will discuss more about that in the advantages section.
The rate at which casinos are incorporating MiFinity is very high. As days go by, more casinos are learning about this superior payment solution. With that being said, at the moment, there are also a good number of MiFinity casinos that you can access. But before we look at some of these MiFinity casinos, let’s see how this payment method works.
How Does MiFinity Work?
For you to start using MiFinity for online casinos, you will need to sign up on the online payment method. Whereby, you will be asked to provide your username, email address, and set a password. To begin transacting, MiFinity will ask you to open the activation link which will be sent via mail. After activating your account, you can then navigate to the gaming section and choose the currency you intend to use.
Kindly note that you will still be in the registration process and you will proceed to key in your personal details. This includes your name, date of birth, country of origin, and phone number. Before you can start using MiFinity to fund your online casino you will also have to set security questions. Although this signup process may seem cumbersome, it is meant to safeguard your e-wallets account and funds.
To set up multiple currencies, you should verify your account using your mobile number. As mentioned earlier, MiFinity accepts a dozen different currencies which include; AUD, EUR, USD, PLN, RON, GBP, and many more.
You should also be informed that MiFinity will require you to upload an official document that acts as proof of identity. It is in the public domain that online fraud is at an alarming high. This is why this e-wallet has to prove your identity before giving you the ability to use their payment solution.
Once you have completed all the above steps, you can start depositing money to your e-wallet using your card of choice. Don’t forget that there are fees associated with conversion, deposits, and withdrawals.
While we are still talking about how MiFinity works, you should know that they also have an app for iOS and Android users. You can use your browser or app, whichever is convenient.
Which Countries Can/Can’t Use MiFinity to Fund a Casino Account?
MiFinity is available in over 170 countries. However, on their terms and conditions, they are strict about using their payment method on casinos that offer illegal gambling services. It is therefore very essential that you research which are the best MiFinity casinos.
There are some countries such as China, Israel, Turkey, North Korea, Nicaragua, and Malaysia where gambling is considered illegal. In these countries, one may not be able to use MiFinity to fund their online casino accounts.
Before proceeding with this payment method, it is advisable that you understand the rules and regulations about gambling in your country and location.
Benefits of Using MiFinity for Online Casino Transactions
When it comes to using MiFinity for online casino transactions, there are several benefits that both players and casino providers get. They include;
A Reliable Online Payment Solution
Currently, there are plenty of online payment solutions that can be used on casino transactions. However, not all these payment solutions are created equally. MiFinity has been around for over 15 years. During this period, the company has successfully facilitated thousands of transactions. This e-wallet is also licensed by the FCA and as a result, you can confidently rely on the platform when transacting with your online casinos.
Global Network Coverage
Another benefit that makes MiFinity casinos stand out from other payment methods is their global network coverage. This e-wallet partnered with MoneyExpress remittance so that they can facilitate international and local transfers. No matter where you are in the world, as long as you find a reputable casino, you can use MiFinity to make deposits and withdrawals from the casino account. For example, let’s say you are in the UK, you can use MiFinity to fund a casino in Norway and have a gaming experience like no other.
Another major advantage of this payment solution is the instant deposit feature. Unlike other casino payment methods that take ages for money to rich your account when you win some. With MiFinity you get your money deposited instantly. However, this depends on the casino you are playing on. There are some casino providers who have longer approval processes.
A Payment Solution for a Wide Audience
This benefit leans mostly towards casino providers. Whether you are just starting or have been an online casino company for years, it’s advisable to always try and improve your client’s gaming experience. One of the ways you can achieve that is by providing the most convenient payment solution possible. With MiFinity, it is available in over 170 countries and 17 different languages. This is a practical payment solution that was made for a wider audience.
An Intuitive and User-Friendly Solution
Just a quick reminder, you can use the MiFinity app by downloading it on your smartphone. Thus ensuring next level convenience. Secondly, whether you access the payment solution via desktop or smartphone, they have a user-friendly solution. Most options can be accessed on their dashboard. The chances of running into any difficulties are very low.
Supports Plenty of Currencies
We have already listed some of the currencies that can be supported by MiFinity above. You can visit their website and confirm if your currency is supported by this payment solution.
It’s Integrated with Bitpay
Cryptocurrencies are slowly taking over online casino payments. MiFinity has not been left behind in this new trend. The company recently integrated with Bitpay to allow its clients to convert cash into Bitcoin, Ethereum and vice versa. This is one of the few areas where MiFinity has surpassed its competitors.
Finally, You Don’t have to Share Your Bank Account Details with Your Casino
One thing that most players are always reluctant towards doing is sharing their bank account details. Your bank account is probably one of the few things that you should guard heavily. Sharing this information with third parties puts you at a higher risk of being scammed. MiFinity is here to eliminate this worry. Gone are the days when you will have to link your bank account with an online casino. Simply sign up with MiFinity casinos and keep your bank account details safe.
What are the Drawbacks of Using MiFinity?
The only disadvantage of using MiFinity is that it’s relatively new to the market. Therefore the number of MiFinity casinos are a bit low. However, because of their low rates for facilitating transactions, MiFinity is gaining popularity amongst online casinos. And in the next couple of months, we are likely to see more casinos incorporating MiFinity into their payment solutions.
Do I Need a MiFinity Wallet?
To answer this question best, you need to evaluate whether a secure and convenient payment solution for your online casino transactions is ideal for your gaming needs. If you have been playing casino games for a while now, then you are probably aware of the many funding and withdrawal options that exist. You have also gone through your fair share of challenges with these payment solutions such as delayed withdrawals, insecurity, and much more.
A MiFinity wallet guarantees safe online casino transactions. This is the main reason why most players are opting for this payment solution. This e-wallet complies with PCI DSS Service Level 1 and has a robust Strong Customer Authentication.
You can use this app confidently knowing that all your transactions are encrypted and secured with SSL technology. Not to mention the withdrawal and deposit fees are relatively low and won’t take much from your stakes or wins.
Also, because they have a mobile app, with your password and email at hand, you can conveniently log in when on the go. Deposit funds into your online casino account, stake, win, and withdraw your earnings.
How to Fund Your MiFinity Wallet?
Making deposits to your MiFinity is instant. All you have to do is navigate to the deposit section when logged into the e-wallet site. From there, you can choose to deposit via your favorite card provider; Union Pay, MasterCard, or Visa. You can also deposit directly from your local bank. MiFinity, not being your ordinary e-wallet, allows its clients to fund their accounts via Bitcoin as well.
The Withdrawal Process
After making some wins on your favorite slot or table game, you will definitely be interested in withdrawing the winnings. The withdrawal process is as easy as depositing. To do so, you should navigate to the withdrawal section in your casino account.
Choose MiFinity and indicate the amount you wish to withdraw. Another pro of using MiFinity is that they allow players to assign a reference to every withdrawal. This makes it easy for you to track your transactions.
Can You Deposit AND Withdraw at a Casino via MiFinity?
Of course, you can, provided you are doing so on MiFinity Casinos. Once the funds are in your MiFinity wallet, on the casino’s network, you can choose to deposit then pick MiFinity, enter your credentials and the funds will be credited on your casino balance. From there you can use it on a table game, live dealer, or slot.
The withdrawal process is similar to the above. However, there is one thing you need to know. Withdrawals are usually not as instant as deposits. This is because different casinos have varying approval methods. Some casinos will release your funds after some hours and others it can take a day or two. Regarding withdrawals, your casino operator is liable for how long it will take for the funds to reach your account.
Are There Any Fees for Using MiFinity?
The fees for deposits via MasterCard and Visa within the European economic area are 1.8%. Internationally issued cards are however subjected to a 2.5% fee. It’s more expensive when you deposit via a local bank because you will be charged 6.7% for Santander. With Estonian banks, the deposit fees are 3.5%.
Regarding withdrawals, the fees are fixed. International cards will charge a €2 fee. Whereas for a local bank, you will be charged €1.
Is MiFinity Safe, Secure?
Back in 2017 when MiFinity was entering the market, they partnered with 4stop who are a leading fraud prevention expert. As a result, the e-wallet received a customized state of the art security that ensures safe transactions. Not to mention, this e-wallet operates with online casinos without sharing your personal details. Therefore, should the casino be breached, your information will remain safe and away from hackers.
And as if that’s not enough, last year, MiFinity introduced two-factor authentication. This means that whenever you want to complete a transaction, you will have to enter an SMS code every time. If you are conversant with 2FA, then you know how much it enhances the security of a network.
Conclusion – MiFinity Casinos
Overall, MiFinity is one of the safest e-wallet providers that you can use to make online casino transactions. The e-wallet is not only secure but it’s reliable, fast, convenient, and available in over 170 countries. Not to mention, you can transact in almost a dozen different currencies.
Their customer support team is always available to provide technical assistance and handle account management queries. If you are interested in making fast casino payments, then you should consider giving MiFinity a try.
About the Author
Dave is a gambling enthusiast who boasts of two decades of experience. His writings not only unravel the intricacies of online casino games but also explore the psychology behind betting. Dave's commitment to responsible gambling shines through, making every wager a mindful choice for players seeking a thrilling yet balanced gaming experience.