MiFinity

Online casino cashiers offer a wide range of alternative payment methods, and one of them is MiFinity. MiFinity is an e-wallet launched in 2016, created by a company that has been in the business since the early 2000s. The payment method has been growing in popularity lately, attracting the attention of gamblers around the world.

This review includes a detailed guide on how to use MiFinity for all your online casino banking needs. Our casino experts have put this e-wallet to the test and prepared a comprehensive analysis.

What is Mifinity?

Regular online casino players have surely noticed that more and more gambling sites have added MiFinity to the list of their payment options. The reason for it is simple and lies in the advantages this e-wallet offers. MiFinity is easy to use, widely available and accepts many currencies. The company behind this payment method was founded in 2002, but its most popular product wasn’t released until 2016.

Account

Opening an account with MiFininity is easy and doesn’t take much time. First, you’ll have to clear your browser cookies and use the eWO MiFinity Registration link. Then enter your email address and set up your password. After logging into your MiFinity account, choose the country of your residence and the currency you’ll be using. Now, it’s time to provide your personal information, including address details. Once you set your security question, you’ll receive a six-digit verification code via SMS. Enter it to complete the registration process. That’s it, you can use your MiFinity account.

If you wish to unlock all features, such as the virtual IBAN and multi-currency support, you’ll have to complete the MiFinity Verification Process.

Add Money

Funding MiFinity can be done by using your bank account, credit or debit card, as well as a wide range of popular cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. In addition, you can use other local payment methods, such as Trustly, Interac, and CashtoCode.

Company

The creator of MiFinity is the company of the same name, based in Northern Ireland. The privately-held business was founded in 2002 to provide payment services to customers worldwide. According to them, their solutions are efficient and cost-effective, using the leading technology platform to meet the highest security standards.

Headquartered in Belfast, the company also has offices in the Republic of Ireland and Malta. MiFinity operates under a licence issued by the Financial Conduct Authority under the provisions of the 2011 Electronic Money Regulations. MiFinity has well-established close ties to the online gambling industry, particularly as more and more subjects have added this option to the list of the banking methods they accept.

Facts

Payment Type	E-wallet
Headquarters	Northern Ireland
Launched	2016

How to Deposit?

Before making any deposits, you’ll need to top up your e-wallet. To do so, you can use a wide range of popular banking methods, including cards and locally available payment solutions. Once you have funds in your MiFinity e-wallet, simply log into your account and go to the cashier section to make a deposit. Select the preferred payment method and enter the sum you wish to send to your online casino account. The only remaining step is confirming the transaction.

How to Withdraw?

Cashing out using MiFinity works in the same way. Go to the cashier, select your e-wallet as the desired withdrawal method, and choose the amount of money you want to clear from your online casino account. To complete the transaction, simply log into your MiFinity e-wallet.

FAQ

Is MiFinity a safe banking method?

The MiFinity e-wallet is an entirely safe banking method which implements the latest technology to offer its user the highest level of protection. By adhering to the latest industry standards, MiFinity keeps customers safe from fraud or cyber-attacks.

Can I use MiFinity in my country?

Users from 180 countries worldwide can use the MiFinity e-wallet. The site is available in 15 languages and supports 11 fiat currencies. After signing up, you can quickly check if MiFinity can be used in the country of your residence.

Does MiFinity hold a reputable licence?

MiFinity is a payment service licensed by the Financial Conduct Authority. The FCA is an independent regulatory agency operating independently of the United Kingdom Government.

Transfer Time and Fees

All transactions done through MiFinity are processed instantly. However, we must point out that some operators impose a waiting period of 48 hours before they allow you to withdraw your funds. You can cancel your cashout request during this period and continue playing with your money. MiFinity doesn’t charge fees on deposits and withdrawals conducted via your e-wallet. But the service provider will charge the transactions you use to fund your e-wallet or withdraw your money from it. MiFinity has a page where you can find detailed information about the rates applied to deposits and withdrawals. We recommend checking out this page to see the most suitable options you can utilize.

All the fees are based on your chosen banking method, so it’s essential to make an intelligent choice. Keep in mind that exchange rates also apply, meaning all transactions that include currency conversion comes with a 2.99% fee to their exchange rates. They can be applied without prior notice. Withdrawing your money, on the other hand, doesn’t cost much.

Security

MiFinity uses SSL (Secure Socket Layer) technology to provide a safe payment experience to its customers. By encrypting all transactions, the payment service keeps the personal and financial information of its users protected. MiFinity’s systems are audited on a regular basis, ensuring they adhere to PCI DSS Service Level 1 regulations.

The latest firewall technology keeps all information systems safe by creating a barrier between the e-wallet’s internal systems and the internet. MiFinity also uses Strong Customer Authentication (SCA), a regulatory requirement that helps reduce fraud and increase the security of online and offline payments. After logging into their account, customers must undergo a two-step verification process. In addition, players will automatically be logged out after a period of inactivity.

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