United Kingdom
No
Yes
Yes
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
Yes
No
No
No
No
What is MiFinity?
Simply put, MiFinity is an electronic money transfer service launched in 2016. The company itself was founded in 2002, so they’ve been in the industry for over two decades. You’ve probably come across this banking solution if you're a regular online gambler. And if you’ve not been using it, you’re missing out on many benefits.
First, MiFinity is one of the most widely used payment methods. It is available in 225+ countries and is accepted in over 500 gambling sites across the globe. Forget about language barriers since the payment method supports over 20 languages. More in the mix, you can use any of the 17 currencies and have up to 9 multi-currency accounts in one account.
Talk of flexibility and MiFinity comes in handy. You can fund your wallet using 75+ options. Of course, this will depend on your country of residence. And if you need to send money to friends or family, MiFinity makes the process seamless. Just make sure the recipients have a valid email address or phone number. If you’re in the UK or any EEA countries, things get a little more interesting. You can request a free IBAN on your MiFinity account. With this, you can make deposits at zero fees.
Facts Table
|
Headquarters |
Gibraltar |
|
Official website |
www.mifinity.com |
|
Type |
Electronic wallet |
|
Year founded |
2002 |
|
Industries |
Gambling and eCommerce |
|
Licensing |
FCA and GFSC |
Getting Started With MiFinity
To use this payment method, you need an account. Here are the simple steps to register for a MiFinity account:
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Load MiFinity’s official website and click the sign-up button on the top right.
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Enter your email address and pick a strong password that only you will know.
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Choose your home country and the currency you prefer.
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Set your security questions and provide your home address.
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Enter the six-digit verification code MiFinity will send you by SMS
That completes the registration process. You need to verify your MiFinity account, though. Doing so activates all features, such as multi-currency accounts and the virtual IBAN. You will also need to fund your MiFinity wallet using any available payment method.
How to Make a Casino Deposit Using MiFinity
Depositing at a MiFinity casino is straightforward. With a funded MiFinity eWallet, here’s the procedure to follow:
-
Log into your casino account and head to the cashier section.
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Choose MiFinity as your deposit method.
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Enter the payment amount alongside any other details required. You’ll be redirected to a new tab where you need to enter your MiFinity login details.
-
Log into your MiFinity account to complete the transaction.
The funds will reflect in your casino account immediately. Notably, most MiFinity gaming sites don’t charge fees on deposits.
How to Make Casino Withdrawals Using MiFinity
Like deposits, MiFinity withdrawals are easy to make. Here’s what you need to do:
-
After winning, head over to the withdrawal page.
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Choose MiFinity as your preferred payout method
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Input the amount to withdraw and any other details the online casino may request. This includes your account information.
-
Confirm the withdrawal request
The online casino will process your payout request and forward it to MiFinity for handling. After that, the money MiFinity will process the translation and load your wallet with the money. You can then transfer money to your bank account if you wish.
MiFinity Withdrawal Fees
Notably, MiFinity does not charge any fees on casino withdrawals. The fees you pay depend on the casino’s policies. Some casinos won’t even charge anything. But to be sure, read their terms of payment first.
When withdrawing from your MiFinity wallet, the fee is based on your chosen withdrawal method. Here’s a summary of the fees for some of the major withdrawal methods:
-
Cryptocurrencies - 1.8%
-
Interac - CAD 4 (flat rate)
-
Visa EEA - €1 (flat fee)
-
Visa Interregional- €1.75 (flat fee)
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Mastercard EEA - €1.75 (flat fee)
-
Mastercard Interregional- €2 (flat fee)
MiFinity Languages & Supported Currencies
Since MiFinity is a global payment method, it is multilingual and multi-currency. Some of the supported languages include:
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English
-
German
-
Italian
-
Portuguese
-
Spanish
Total currencies supported are 17, with the major ones being:
-
USD
-
GBP
-
CAD
-
EUR
-
AUD
If you need to convert any currency, MiFinity typically charges an additional 2.99% on top of their wholesale exchange rates. These fees may vary depending on the currency pairs.
MiFinity Safety & Security
Many gamblers value safety over everything else. This is hardly surprising, considering how fast hackers exploit insecure systems. That’s why the MiFinity e-wallet has put in place these security measures:
Encryption
To protect its API endpoints and website, MiFinity uses SSL and TLS encryption. This hides all information between the payment method and casino gamblers. As a result, they are inaccessible to unauthorised persons.
Fraud prevention
MiFinity has several safeguards in place to recognise and stop fraudulent activities. These anti-fraud measures keep an eye out for questionable activity. In addition, they examine transaction data to spot possible fraud.
Two-Factor Authentication
To access your MiFinity account, you must use MiFinity’s 2FA. This includes your username, password, and a code sent to your mobile device. The two-factor authentication adds extra security to the login process.
Compliance
The Gibraltar Financial Services Commission oversees all MiFinity operations. It must, therefore, adhere to several regulations. This includes Know Your Customer (KYC) and Anti-Money-Laundering (AML) laws. Whether you’re depositing or withdrawing funds using MiFinity, you can rest assured of your overall safety.
Customer Support
MiFinity provides customer support via several channels. These include email, live chat, and phone. In case of any challenge when using the e-wallet, you can contact the support staff anytime. They’re knowledgeable, prompt, and available round the clock. You can also reach out via social media. MiFinity is available on Facebook, Twitter, and Instagram.
Pros and Cons of MiFinity Casino Payments
There is no flawless payment method, be it an e-wallet, crypto, or credit card. Each has its drawbacks and benefits, and so does MiFinity. The table below summarises MiFinity’s hots and colds:
|
Pros |
Cons |
|
Available in 500+ online casinos |
Long verification process |
|
Fast and secure |
Not available at all online casinos |
|
Super-low fees |
|
|
Available in 225 countries |
|
|
Supports 20 languages |
|
|
Accepts 17 currencies |
|
Alternative Payment Methods
Sometimes, a casino may not accept MiFinity payments. Other times, MiFinity may not be available in your country. In such cases, you can consider alternative options. Here are some of them:
|
|
ecoPayz |
Skrill |
Bitcoin |
|
Type |
e-wallet |
e-wallet |
Cryptocurrency |
|
Year founded |
2000 |
2001 |
2009 |
|
Deposit speed |
Instant |
Instant |
Instant |
|
Withdrawal speed |
Within 24 hours |
Under 24 hours |
Less than 10 minutes |
It’s Play Time…
Almost 500 online casinos currently accept payments via MiFinity, a trustworthy and secure payment method. The e-wallet has an easy-to-use interface that makes depositing and withdrawing money simple. Compared to most payment options, MiFinity is cost-effective. It has zero casino deposit fees and charges reasonable rates for currency conversions and withdrawals.
Moreover, it supports multiple languages and currencies. This makes it a favourite banking solution for gamblers across 225 countries. Overall, MiFinity is your go-to payment method if you love availability, speed, security and convenience.
