MiFinity Casinos

What is MiFinity?

MiFinity is a popular payment option connecting merchants to their customers. It was launched in 2002 but introduced the e-wallet in 2016. The company is registered in Belfast, Northern Ireland.

If you frequent casinos, you must have come across this platform. The e-wallet has quickly gained popularity across the globe. Gamblers love it for its ease of use and widespread availability.

Besides, it supports a wide range of currencies. These are in a range of over 50 different denominations. Popular ones include cryptocurrencies and a host of fiat currencies.

Talking about availability, you can access the platform in 180+ countries worldwide. The MiFinity e-wallet is just one among its broad portfolio. Interestingly, the e-wallet is the most suitable for online gambling.

MiFinity’s services are efficient and cost-effective. And true to their word, the e-wallet bears all these features. The platform operates in best-in-class and highly secured tech environments.

MiFinity headquarters are in Belfast. In addition, the company has regional offices in Malta and Dublin. This is enough assurance that the platform is legit.

Further, the company is licensed and regulated by the Financial Conduct Authority. The license was obtained under the Electronic Money Regulations 2011. Since then, the company has established a strong reputation with gambling institutions.

For this reason, many casinos continue to adopt it for payment processing. The company has not disclosed the exact number of its users. But judging from its popularity and reputation, there are definitely many users.

In 2020, MiFinity acquired a license from the Malta Financial Services Authority. With this license, the company can undertake purchases in Dundle.

In October 2021, the company rolled out a new eVoucher. Things are just getting interesting. Buckle up!

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.

MiFinity Market Coverage

The MiFinity e-wallet has been in the market scene for quite a long time. Indeed, the brand has established itself over the years. Many people embrace the company a great deal.

Interestingly, the introduction of the MiFinity e-wallet has made it greater. The gambling industry has now become the most significant consumer. More gamblers prefer making their transactions through MiFinity.

Luckily, the platform is available in multiple countries. For this reason, you will gain access from anywhere.

Being a global platform, MiFinity is available in different languages. You can easily switch to your preferred language. However, note that only major languages are available.

Some of the countries where the platform is available include:

• Australia
• Canada
• Finland
• India
• Italy
• Japan
• South Africa
• UK

As the e-wallet continues to expand, so is its market coverage. In the future, the platform will reach more countries. People all over the globe will then be able to enjoy the experience.

When it comes to currencies, the variety is excellent. Since the platform serves different countries, there’s a need for various denominations. Besides, while some people prefer fiat currencies, others love cryptocurrencies.

Depending on your preference, you’ll get something feasible. Some of the currencies available here are:

• AUD
• AUR
• CAD
• USD

MiFinity Vs 3 Similar Payment Methods

Final Verdict

Based on this discussion, we can recommend MiFinity to anyone. The platform is excellent in all aspects. Indeed, MiFinity outdoes many of its competitors.

We were really impressed by MiFinity’s security approach. Gamblers can wager in peace, assured their money is safe. The SSL encryption here works well to ensure a safe environment.

To back up the SSL encryption is firewall protection. This works to ensure that no personal data leaks from the database. Overall, the safety of this platform is unmatched.

When it comes to account creation, MiFinity doesn’t disappoint. The platform features a quick and easy registration process. In just easy, simple steps, you will get your account running.

The speed of transactions in MiFinity is yet another selling point. While deposits are processed instantly, withdrawals are fair. Withdrawal speed depends on how fast casinos approve the transactions.

Once approved, MiFinity processes it instantly. Moreover, the fee charged is relatively low. Compare MiFinity to its competitors, and you will note the fee difference.

Talking about the platform availability, we were amazed. MiFinity is available in over 180 countries. Additionally, you will find multiple currencies and languages to shift through.