For online casino players, finding a trustworthy and efficient payment provider is crucial. That’s where MiFinity casinos come in handy! With its user-friendly interface and speedy transaction times, MiFinity looks like the perfect partner for any gambler looking to say goodbye to long waits for transactions to be effected.
Players with crypto in their wallets might not find it meaningful to use MiFinity since they can make direct crypto deposits to their online casino wallets. However, MiFinity can still be helpful in some cases for such kinds of users. For instance, users who intend to play in crypto casinos that don’t accept direct crypto deposits can use MiFinity as an intermediary, letting them first deposit crypto into their MiFinity eWallet before transferring the crypto funds to their online casino wallet. This makes it easier for players who intend to use their crypto funds to gamble in crypto casinos that do not accept direct crypto deposits.
Similarly, users who don’t have crypto but want to play in online crypto casinos can deposit their fiat currencies in their MiFinity eWallet and then convert those funds to crypto within their MiFinity account. They can then proceed to deposit the crypto funds in their crypto casino wallets and enjoy gaming.
MiFinity is a cross-border payment service created in 2002, accessible in over 225 countries. The payment provider, headquartered in Belfast with regional offices in Malta and Dublin, is renowned for its tech-driven security solution and huge international network.
As a market leader, MiFinity is licensed by one of the best financial regulators in the world, the UK’s Financial Conduct Authority (FCA). MiFinity’s mission is to be the leading player in the online payment industry and is certified by Union Pay International to issue prepaid physical virtual cards, support the MoneyExpress remittance program, and provide acquiring services.
MiFinity’s main product is the MiFinity eWallet, which can send and receive funds from most locations worldwide while charging low fees, allowing customers to make rapid, simple transactions online.
Besides the iGaming sector, MiFinity has a significant presence worldwide in these three sectors:
MiFinity’s most notable features are the MiFinity eVoucher and MiFinity IBAN.
MiFinity eVoucher is a single-use prepaid digital voucher sold in fixed denominations whereby customers can completely control the amount they spend while MiFinity IBAN allows anyone to send funds without incurring fees into the eWallet via the MiFinity virtual IBAN.
There are over 30 MiFinity casinos at the moment in our database. We however use a thorough selection method to ensure we recommend the best among these casinos to you.
One of the criteria we use is their rating, which reflects the quality of their services, the trust that users have in them, and their reputation. We opt for casinos with low complaints, who retain players, and keep adding new ones while keeping the old ones. These casinos have the highest rating.
Another important consideration is the number of games and game providers. Additionally, we check the level of anonymity they provide, the number of supported crypto coins, the quality of their support, and the overall user experience, …
Registering for a MiFinity account is easy and straightforward. Follow these steps to create your account and start playing on MiFinity Casinos instantly:
Step 1: Visit the MiFinity website and click the ‘Sign Up’ button at the top right corner of the home page.
Step 2: On the Sign-up page, provide an email and unique password. Check the ‘I Agree’ field, and click ‘Next’. You have now registered on MiFinity. An activation link will be sent to your email address for you to activate your MiFinity account within 24 hours.
Step 3: On activating your MiFinity account, you will be redirected to a login page. Enter your email address and password, and you will be logged in to your MiFinity account.
Step 4: Once logged in, you will need to create a MiFinity eWallet. Pick a country from the list of over 70 MiFinity countries and 17 supported currencies and click the ‘Create eWallet’ button. You will be redirected to a new page.
Step 5: On the new page, provide your details, including your first and last name, nationality, phone number, date of birth, and address. Please note that you will receive an SMS for confirmation to verify your phone number before you can gain access to your account.
Step 6: The final step is to set up two security questions with their respective answers, needed to unlock your eWallet in case you forgot your password.
According to our MiFinity review, once you have an account, you need to verify it to transact up to 10,000 € per year with the account. Without verification, the cap is 2,000 € per year.
Below are the steps to verify your account:
Step 1: Log into your account, and click the ‘Profile’ button.
Step 2: Click on the ‘Verify Yourself’ button, and have your documents ready to upload to verify your address and identity.
Step 3: Upload scanned copies of the documents. You need a valid passport, driving license, or ID card to prove your identity.
Step 4: Upload a utility bill, bank statement, or official government correspondence issued within the last three months to prove your address.
To deposit to your online casino wallet via MiFinity, you must be playing in any of the MiFinity casinos. Follow these simple steps to deposit funds into your casino wallet through MiFinity:
Step 1: Head over to your casino’s cashier section and choose to deposit funds.
Step 2: Select MiFinity as your depositing method.
Step 3: Fill in your MiFinity logins in the pop-up window that appears.
Step 4: Enter your deposit amount.
Step 5: Confirm your transfer and funds will reflect in your online casino wallet.
For crypto transactions, the deposit will be processed instantly. However, for card and bank transactions, please note that withdrawal time for these two methods can vary depending on the option you choose.
MiFinity accepts numerous currencies, both fiat and crypto. For the MiFinity eWallet, various currencies are supported for deposits and withdrawals to local bank accounts as in the table below:
|Fiat Currency||Supported in eWallet||Supported for Bank Transfers|
For cryptocurrencies, MiFinity supports the following coins for playing in Bitcoin betting sites, with a plan to add more in the future:
Once you send crypto to MiFinity, it is converted to fiat by a third-party crypto processor partner called Cryptopay. The funds are credited as fiat in the MiFinity eWallet. You can then withdraw the funds from your MiFinity wallet in any supported crypto coin.
For deposits, MiFinity users can opt for:
Besides deposits, MiFinity users can opt for any of the following for withdrawals:
MiFinity countries are over 225, but it does not offer its services in the countries listed below. If one is found using a MiFinity service from one of these countries, their account could be immediately terminated.
During our MiFinity review, we found that different fees apply based on the transaction type and the payment method used. It is therefore important to understand the MiFinity transaction fees before initiating a transaction. For instance, MiFinity will add a 2.99% fee to the wholesale exchange rates for transactions with currency conversion. It may however vary for exotic currency pairs. If the exchange rates change, MiFinity will apply them without prior notice.
All crypto transactions via the MiFinity eWallet come with a 1.8% crypto fee, deducted to cover the payment costs, and applies to both deposits and withdrawals. However, there’s no fee charged on MiFinity eVoucher transactions.
For crypto transactions, both withdrawals and deposits, the transaction speed is quite fast. The MiFinity withdrawal time for crypto-based transactions is 30 minutes to a few hours. If you have questions about a transaction, it’s advisable to contact customer support immediately.
Transactions from one MiFinity eWallet to another are completed in seconds, except for fiat-based transactions that are processed within 24 hours. However, the time taken for funds to reflect in a MiFinity to bank transaction is 3-5 days due to the banking network’s response time.
The question, “Is MiFinity safe for use as a payment service?” might be a common concern to MiFinity users. The answer is, yes, it is. For one, it is an eMoney company licensed by the Malta Financial Services Authority and is regulated by the UK’s Financial Conduct Authority.
To ensure the funds and details of its customers are safe, MiFinity complies with PCI DSS Service Level 1 regulations. Consequently, users can be sure their data and funds are safe. The eWallet and all transactions are encrypted with Secure Socket Layer technology that protects all data.
MiFinity has a motivated IT system team that utilizes the latest in firewall technology that creates a barrier between the internet and their systems. The eWallet is only accessible via your unique username/email and password.
The company has also implemented a Strong Customer Authentication (SCA) program in compliance with the Payment Services Directive (PSD2). With this system, the eWallet is automatically logged out after a period of inactivity, and you have to re-enter your username and password.
MiFinity transaction fees vary based on the transaction method you chose. They can be a percentage of the total transaction or a fixed charge. The fee can be as little as 0.50 € to deposit funds using Ideal. For withdrawals, the lowest fee is VISA EEA, which comes with a 1 € charge for each transaction.
Transactions between MiFinity eWallets can be completed in seconds. For MiFinity to bank transfers, the MiFinity withdrawal time will vary from 3-5 days based on various factors.
No. The details provided during the registration process are used when processing crypto transactions.
MiFinity is restricted in many countries, including the US, North Korea, and Iran, among others. You can find the full list of restricted MiFinity countries on their website.
MiFinity is popular for being one of the most versatile payment service providers for casino players. It supports a wide range of crypto and fiat payments.
Yes. MiFinity uses a sophisticated fraud alert system to secure crypto funds. However, users have to take measures to protect themselves.
MiFinity voucher is a single-use prepaid digital voucher that lets users fund their MiFinity eWallet, which can be used at online casinos. You can purchase one of these vouchers from their partner resellers listed on their website.
Yes. Users can deposit their funds in crypto and withdraw in fiat or vice versa.
No. Players can deposit funds in one method and use another to withdraw their funds.
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