MiFinity Casinos

MiFinity is an electronic wallet that has started to gain traction among online casino players in recent years. The method enables customers from 170 supported countries to swiftly send and receive secure payments to online merchants, or in this case, online casinos.

The payment processor has received accreditation from the UK Financial Conduct Authority (FCA) and is within the regulatory scope of the 2011 Electronic Money Regulations legislation. The Malta Financial Services Authority regulates it for European customers under the provisions of the 1994 Financial Institutions Act.

The company has over 18 years of experience in the field of online payments. However, the method was not all that popular among online gamblers until recently. MiFinity is much more than your average virtual wallet. It offers a broad range of cost-effective services and products to businesses and consumers alike, including virtual debit cards.

MiFinity Summary
Available In Over 170 countries
Website www.mifinity.com
Connecting Bank Card/Account to MiFinity Fees apply
Withdrawing Balance from MiFinity to Your Bank Card/Account Fees apply
Pay to Online Merchants Free
Available for Deposits Yes
Available for Withdrawals Yes
Usual Deposit Time in Online Casinos Instant
Usual Withdrawal Time in Online Casinos Several hours to 48 hours processing; processing timeframes vary between casinos
Live Chat Yes
Telephone Support Yes
Email Support Yes

MiFinity is gaining popularity in the online gambling space due to the numerous advantages it offers. To begin with, players can use it both for withdrawals and deposits, an option that adds flexibility to their bankroll management.

MiFinity is convenient, reliable, and effortless to use. Also, language is never a barrier with MiFinity. Players worldwide can set up their virtual wallets in over 15 languages, including English, Italian, Chinese, Spanish, Swedish, Russian, French, and German.

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Using MiFinity for Gambling Transactions

Using MiFinity for Gambling TransactionsUsing MiFinity for gambling-related transactions is beyond simple. You start by signing up for the virtual-wallet service, whereby you must enter a valid email address and choose a strong password for your account. They will send you an email to activate your new MiFinity account with. Just click the link featured in the email to proceed with the registration process.

You select your country of residence and specify what purpose you intend to use your wallet for. The dropdown menu gives you a choice from several options, including e-commerce, gaming, and travel. We recommend you choose your local currency, if available, to save on conversion fees.

MiFinity gives you a choice from 11 currencies – USD, EUR, GBP, AUD, CAD, CZK, RON, SEK, PLN, NZD, and CHF. The system will prompt you to boost your account’s security by selecting two security questions. Then they will send a verification code to the mobile number you have provided to complete your registration.

Make sure you act quickly because the verification code expires after five minutes. Of course, you can always request them to send you a new one if you fail to verify your number within the designated time. Then you sign in and upload the requested documents to verify your identity and address. You can use copies of your ID, passport, utility bill, credit/debit card (Mastercard, Visa, or UnionPay), or driving license. So far, so good.

MiFinity Gambling Transactions
Supported Transactions Deposits and withdrawals
Deposit Pending Time Instant, no pending time
Withdrawal Pending Time Up to 48 hours depending on the respective casino’s policies
Additional Security Login required; Two Factor Authentication

Advantages and Disadvantages of MiFinity as a Casino Deposit Method

Advantages and Disadvantages of MiFinity as a Casino Deposit MethodThere are many reasons why more and more players are transitioning to MiFinity as their preferred banking solution. For starters, the service is widely available to users from over 170 countries around the globe. The list of non-service countries is rather short, spanning only twenty or so restricted regions.

Most of these are jurisdictions where online gambling is either illegal or unregulated. The list includes countries like Afghanistan, Iran, Iraq, Syria, Sudan, Yemen, Turkey, Cuba, and North Korea. If you live outside these countries, you will experience no trouble setting up a MiFinity account.

The ease of use is another major plus of MiFinity. You can easily deposit and withdraw from your casino account in eleven currencies. There is no need to pay for conversion if you set up your MiFinity account in the same base currency as that of your online casino account.

The method is also very cost-effective, especially compared to widely used wallets like Skrill and Neteller. To put things into context, depositing with cards to your MiFinity account comes with a 1.8% fee, compared to Neteller and ecoPayz where fees reach 2.5% and 10%, respectively. If you deposit with locally available methods like iDeal, the fees with MiFinity are even lower at €0.50.

MiFinity Pros MiFinity Cons
Adequate chat assistance in real time Fees on deposits and withdrawals to and from your MiFinity account
Availability in most countries worldwide with very few exceptions Unavailable for online gambling transactions in the United States
Support of 11 currencies Requires registering an account
Regulated by the FCA and the MFSA Players must undergo verification before they can upload any funds to their wallets
No fees on casino deposits and withdrawals Not as broadly available in casinos as Skrill, PayPal, and Neteller

Fees for Gambling Transactions with MiFinity

Fees for Gambling Transactions with MiFinityMiFinity is very inexpensive to use, especially compared to similar virtual-wallet services. Opening an account is free, and so are deposits and withdrawals at most casinos that accept this method. Additional fees apply only when you top up your MiFinity balance or withdraw from it. Still, the charges are quite reasonable even if you are a small-scale gambler.

The most cost-efficient way to transfer funds to your wallet is to use Mastercard and Visa cards issued within the EEA. You will have to pay 1.8% in this case. The same applies to deposits with UnionPay, Klarna, and Bitcoin. The charge on transfers with iDeal is the lowest at €0.50 – this is the most inexpensive way to fund your MiFinity wallet.

The cost is higher for cards issued outside the EEA, reaching 2.5%. Argencard deposits come with a 7.7% fee, while those conducted with Aura reach 8.7%. The fees for Boleto, Bradesco, Itau, and PagoFácil are slightly lower at 6.7%. We suggest you look at MiFinity’s official website where you will find the fees applying to all accepted deposit methods.

Withdrawing from your wallet’s balance comes at a low price of €1 for SEPA bank transfers and EEA Visa cards. International Visa cards and EEA Mastercards incur a €1.75 fee on withdrawals, while interregional Mastercards cost €2 per request. Receiving money from casino operators and other online merchants comes at no extra cost.

The same goes for online casino deposits. We recommend you use your MiFinity account regularly to avoid the monthly maintenance fees of €1, which apply after one year of inactivity. As for currency conversion, MiFinity charges 2.99% to its wholesale exchange rates.

MiFinity Fees
Gambling Deposit Fee Free
Gambling Withdrawal Fee Typically free
Bank Account Deposit Fee Country-specific (3.5% + €0.35 for Estonian banks, 7% + €0.35 for Latvian banks and Lithuanian banks, €0.50 for online bank transfers via iDeal)
Bank Account Withdrawal Fee €1 within SEPA
Credit/Debit Card Deposit Fee 1.8% for Visas and Mastercards issued within the EEA, 2.5% for non-EEA Mastercards and Visas, 1.8% for UnionPay cards
Credit/Debit Card Withdrawal Fee €1.75 for interregional Visas and EEA Mastercards, €2 for interregional Mastercards, €1 for EEA Visas
Maintenance Fee €1 administrative fee after 12 months of inactivity

Processing Times for MiFinity

Processing Times for MiFinityLike most e-wallets, MiFinity facilitates time-efficient payments to and from your online casino balance. Online casino deposits occur in real-time, meaning that the deposited funds hit your gambling balance instantly. The minimum deposit with this method is usually as low as €10 at most gambling sites.

Winning is easily the most exciting thing that can happen to you in an online casino. The good news is you can use MiFinity to swiftly cash out your loot. Note that processing timeframes would range across different sites.

Some casinos would approve your request within several hours. Others will require 24 to 48 hours to release the funds from your gambling account. It all comes down to the withdrawal policies of individual operators.

MiFinity Processing Times
Gambling Deposit Time Instant
Gambling Withdrawal Time Processing times of up to 48 hours based on the operator’s withdrawal policies
Bank Account Deposit Time Immediate
Bank Account Withdrawal Time Might take several business days
Credit/Debit Card Deposit Time Immediate
Credit/Debit Card Withdrawal Time Immediate

Mobile MiFinity

Mobile MiFinityMiFinity provides players with the ultimate flexibility to deposit and withdraw from their favorite online casinos as they go via dedicated and web-based applications. You can access your MiFinity wallet from your mobile browser if you do not feel like downloading the native apps. The company itself recommends you use up-to-date versions of commonly available browsers like Safari, Chrome, and Mozilla Firefox.

The alternative is to install MiFinity’s dedicated app on your Apple or Android device. You can download it at no cost from the official Google Play and App Store platforms. Both apps are very user-friendly and highly effective, making it easy for mobile players to manage their payments on the go.

The interface is nice and crisp, allowing users to perform quick money transfers without experiencing any frustrating hassles. Both the browser version and the downloadable apps incorporate a chat feature. You can contact the support team in a flash if any issues arise.

The menu in the right upper corner gives you instant access to all vital functions of your account – deposits, withdrawals, transaction history, and the card or bank accounts linked to your wallet. Much like the desktop MiFinity, the mobile web-based version offers multi-language support, giving you a choice from over a dozen languages.

You can even install the Android app on older devices as the minimum compatibility requirement is Android 5.0. The iPhone app works on iOS 11.0 and above. The developers update both apps frequently to improve stability and performance for all users.

MiFinity Mobile Payments
Apple Pay No
Google Pay No

Security at MiFinity Casinos

Security at MiFinity CasinosCasino players who choose MiFinity should feel safe knowing their transactions and sensitive information are secure and well-protected against cybercrimes. Several years ago, the company announced its partnership with FourStop GmbH, the global leader in the field of online fraud prevention.

The integration of this advanced anti-fraud technology further consolidated MiFinity’s security levels, decreasing the chances of having your sensitive information hacked or misused. Such breaches are unlikely to occur with MiFinity.

Due to regulatory requirements, the payment company added Strong Customer Authentication (SCA) to its lineup of authentication methods back in the fall of 2019. Customers from the EEA, Norway, Iceland, and Liechtenstein receive text messages with verification codes to enter along with their login credentials before they can pay from their wallet balance.

On top of that, MiFinity implements an advanced fraud-alert system to monitor all accounts for questionable activities. Customers themselves can report to clientservices@mifinity.com if they feel their accounts have been compromised in one way or another. The company has authorization to conduct payment services from the UK Financial Conduct Authority (FCA) and the Malta Financial Services Authority (MFSA).

MiFinity Security
Passcode No
Fingerprint Yes
FaceID Yes
Two-Factor Authentication Yes
Trusted Devices No
IP Restrictions No

MiFinity Casino FAQ

Do many online casinos work with MiFinity?

Is MiFinity expensive to use as a casino payment method?

Is MiFinity safe to use at online casinos?

Do I qualify for bonus redemption with MiFinity?

Is MiFinity available for gambling transactions in all supported countries?