MiFinity Payment Fees and Taxes
Fees and taxes are a special consideration in payment methods. Before settling on your transaction method, ensure it is affordable. The fees charged should be reasonable.
MiFinity has ensured a special consideration in costs incurred. While some services are free, others involve costs. Luckily, the charges are pretty low.
Deposits to online casinos are processed at no fee. Regardless of the transaction amount, you won’t be charged a dime. What’s more, the transactions are processed instantly.
Your casino account is credited within no time after initiating the deposit. However, not all casinos accept free deposits. Others will charge you the same.
Importantly, be careful when choosing your casino. But withdrawals attract fees in all casinos. However, do your research to settle on casinos with lower costs.
For cryptocurrency users, the fee is high. All crypto withdrawals are processed at a constant rate of 1.8%. Popular cryptocurrencies here include Bitcoin, Ethereum, Litecoin, and Ripple.
On the other hand, cashouts involving Interac are much more affordable. All Interac withdrawals attract a C$4 flat rate. The charges are standard for eCashout and eTransfer transactions.
Talking about Visa withdrawals, the prices are varied. Visa EEA withdrawals are the cheapest. These are processed at a rate of €1, regardless of the amount.
But Visa Interregional withdrawals are pretty costly. The rate for each transaction is set at €1.75. But luckily, the transactions are quick and reliable.
When it comes to MasterCard, the rates are even higher. For MasterCard EEA withdrawals, you will be charged €1.75. But MasterCard Interregional charges €2 for every transaction.
To compensate for the charges, some MiFinity services are free. You won’t pay a single cent to receive money. Besides, virtual IBAN creation and maintenance are free of charge.
It will cost 1% of the amount for transfers between your e-wallets.