These days, MiFinity casino sites are becoming increasingly prevalent. Many traditional online casinos are incorporating the method and even their crypto counterparts are not left behind. With MiFinity, you can enjoy the thrill of gambling and also carry out transactions conveniently.
In this guide, we will explore the MiFinity online casino payment method. You will discover how it works, the advantages and disadvantages, as well as how to use it maximally.
What is MiFinity?
Let’s start by understanding what MiFinity is. It is simply an online payment company that provides e-wallet and prepaid services. The digital payment processor is used in several industries, including construction, education, airlines, retail banking, and gambling as well.
MiFinity enhances the transfer of funds across borders with ease through its e-wallets. It also supports multiple currencies, making it a top choice for international transactions within 70+ countries. There are also MiFinity vouchers and prepaid MasterCard which facilitate easy payments at e-commerce stores and other commercial online platforms.
Overview of the Company
Founded in 2002, MiFinity started as one of the internet’s first payment solutions. It was created to make payment for online purchases easy for customers. The company began only as a transfer service but has since expanded to offer prepaid cards and an e-wallet. Today, MiFinity offers a mobile app for users to keep track of their funds and make easy payments.
The company’s headquarters is in Belfast and it has offices in Malta, Ireland, and Birkirkara. Apart from being an e-wallet, it functions as a virtual bank account and customers can use an International Bank Account Number. It currently supports 15+ currencies, including, EUR, USD, CAD, JPY, AUD, and many others.
MiFinity e-wallet is licensed in the UK by the Financial Conduct Authority (FCA) and in Malta by the Malta Financial Services Authority. These two organizations are trustworthy, and this means you can be certain that your MiFinity payments are safe and secure.
Advantages of Using MiFinity at Online Casinos
MiFinity is not just growing in acceptance at online casinos for nothing. There are numerous benefits players derive from using it. Here, we discuss some of these advantages.
- Ease of use: From opening an account to the MiFinity login and funds adding, the entire process is quite straightforward. As long as you’re in a supported country, you won’t find it difficult to set up your account or complete the verification. You can add funds to your MiFinity wallet via cards, Klarna, and even cryptocurrencies.
- Simple deposits and withdrawals: The process of depositing and withdrawing at MiFinity casinos is pretty easy. It takes only a few seconds or minutes to complete.
- Solid security measures: As long as you play at licensed and regulated platforms like those we recommend, you don’t have to worry about the safety of your funds. MiFinity is a safe and secure payment solution.
- Speedy transactions: Instant deposits are certain with MiFinity. Your funds will appear in your gambling account within a few seconds after you complete the transfer. However, the MiFinity withdrawal time could be around 24 to 48 hours after approval. This is still faster than many other traditional banking solutions.
Drawbacks of MiFinity
At the moment, we can’t say MiFinity is perfect as there are many areas the companies need to work on. These are some of the drawbacks:
- Deposit fees: While top MiFinity casinos may not charge you for deposits or withdrawals, it costs you some money to load the wallet. Adding funds via Mastercard and Visa within the EEA costs 1.8% and 2.5% from outside. Other methods also cost around 1.8% of your transfer funds.
- Limited availability: The number of countries that can receive funds using MiFinity is quite limited, so it might not be a good option for everyone.
- Delays in verification process: Verifying your MiFinity account could take up to two days. Therefore, it may not be a quick fix for those
How to Use MiFinity
As long as you’re in one of the MiFinity countries, you can use the payment method easily at casinos. The first thing you must do is create a MiFinity account.
To do that, simply visit the MiFinity official website and click on the signup button. Then, follow the steps to create and activate your account. You can also choose to sign up using the app, which is available for Android and iOS devices.
After creating your Mifinity account, you can add funds through cards or cryptos. Once you’ve got funds in your Mifinity wallet, you can start your journey at any chosen casino that accepts the payment method.
We have described both the deposit and withdrawal processes here.
Depositing at MiFinity Gambling Sites
Here’s how to get deposits done:
- Log in to your casino account
- Navigate to the deposit or cashier section
- Choose “MiFinity” as your payment method
- A different window will open where you will have to log in to your Mifinity account.
- Enter the amount you’d like to deposit and confirm the transaction
Withdrawals at MiFinity Gambling sites
Cashing out is also as easy as deposits. You can get it done through the following steps:
- Log in to your casino
- Navigate to the withdrawal section
- Choose Mifinity as your withdrawal method
- Enter your withdrawal amount
- Submit your withdrawal request and wait for approval
Promotions Offered at Mifinity Casinos
Unlike wallets like Skrill and Neteller, MiFinity is usually included as a valid payment method for deposits. MiFinity casinos offer welcome rewards, reload bonuses, cashback, referral packages, free spins, no deposits, VIP bonuses, and much more.
How to Choose a MiFinity Casino
Not all casinos that accept MiFinity may be excellent and reliable. To choose a great MiFinity gambling site, there are several other factors you must consider. These include security and licensing, games collection, selection of bonuses, customer support, and other payment methods.
The fastest way to find a trustworthy and remarkable option is by checking our reviews of MiFinity gambling sites. Not only have we listed casinos that accept the method, but we also ensured they excel in other areas. They offer large selections of games, generous bonuses, efficient support, and many other payment methods.
If you choose to find a casino by yourself, make sure you review all of the factors we have listed. Most importantly, ensure that you pick a licensed one.
Feedback from Users
As with other payment methods, there has been both positive and negative feedback from users. The positive reviews are usually concerning the ease of use and transfer speed. The negative reviews have mostly been on the company’s customer support and verification process.
Conclusion
MiFinity is certainly a good option if you want a speedy fiat payment method for online gambling. Whether you choose to use the MiFinity evoucher, ewallet, or prepaid card, the service is fast and reliable. You can also use the wallet as a separate space to store your gambling funds.
Feel free to scroll through our lists and select a casino that suits your choice. Nevertheless, always remember that your gambling satisfaction lies in your hands. Play safely at all times and stick to your budget.
