About MiFinity

As one of the veteran payment providers, MiFinity has been a trusted name since its 2002 launch. The service evolved with the introduction of MiFinity eWallet in 2018 and eVoucher in 2021.

Known for its multi-currency support and low deposit fees, MiFinity is an established name in the online gaming space. It has been honored multiple times, including being shortlisted for the 2023 SBC Award for Payment Solution of the Year and Payment Innovation of the Year. The service is used in over 200 countries, and below, we'll explain why it's a popular choice.

Why Use MiFinity for Online Casino Payments

MiFinity stands out for its speed, security, and flexibility, making it an excellent option for casino deposits and withdrawals.

• Multi-currency and multi-language support - Unlike many e-wallets that stick to the most popular currencies, MiFinity supports over 15 of them, including EUR, USD, GBP, and CAD, and even lets you hold up to nine different currency wallets simultaneously. This means you can avoid costly conversion fees when playing at international casinos.

• Low fees and transparent pricing - Deposits and withdrawals at casinos are free of charge, while funding your wallet will cost you just 1.8%

• Partial crypto support - Though not a full crypto wallet, MiFinity allows you to convert Bitcoin and other supported cryptocurrencies into fiat (like EUR or USD) for casino use. This is handy for those who want to cash out crypto winnings without dealing with external exchanges.

• Bank-grade security protocols - MiFinity protects every transaction with 256-bit SSL encryption and PCI DSS compliances, ensuring your financial data is never disclosed to casinos. The system features real-time fraud detection and mandatory two-factor authentication for extra protection.

• Global accessibility with local convenience - MiFinity is available in 225+ countries and is among the most widely accepted e-wallets in the iGaming scene. It also integrates 75+ local payment methods, so you can fund your account using the option most convenient for you.

How Do MiFinity Casino Deposits Work?

Funding your online casino account with MiFinity is a straightforward process. Here are the simple steps to follow.

1. Sign up for a MiFinity account - Visit the website and enter your email address, then wait for the activation link to complete the sign-up. You'll then have to create a MiFinity e-wallet by choosing your preferred currency and submitting some personal details.

2. Fund your e-wallet - You can add money to your e-wallet via bank transfer, credit/debit card, or other supported methods. This is possible through the MiFinity mobile app.

3. Choose a casino - After funding your e-wallet, find a reputable and licensed online casino that accepts MiFinity and register an account.

4. Select MiFinity on the cashier page - Click the deposit icon on the casino's homepage, and you'll be directed to the cashier, where you should choose MiFinity.

5. Verify the payment details - Enter the amount you want to deposit and ensure it's within the casino's deposit limits.

6. Confirm & pay - Log in to your MiFinity account to approve the transaction, and your funds will be made available instantly.

How Do MiFinity Casino Withdrawals Work?

Cashing out with MiFinity is just as easy. However, most casinos will require you to complete a KYC check, which typically involves uploading an image of your government-issued ID to confirm your name, age, and address.

It's important you only play at safe and reputable platforms, as they'll ensure your details are protected. Once you've completed the KYC verification, follow these simple steps to withdraw your winnings using MiFinity.

1. Request a withdrawal - Go to the casino's cashier page and select MiFinity as your withdrawal method.

2. Enter withdrawal amount - Ensure it meets the casino's minimum/maximum limits to avoid any payment issues.

3. Confirm via MiFinity - Click Withdraw after confirming the details, and you'll be directed to a third-party page, where you can log in and approve the transaction. Your funds should hit your wallet in two days tops.

MiFinity Limits and Fees

Depositing money into your MiFinity account comes with a 1.8% fee for most methods, including online banking, credit cards, and crypto. Some options like CashtoCode can charge as high as 7.5%, while small fixed fees (€0.19-€0.25) may apply per transaction. The 1.8% rate applies to EEA countries; in non-EEA regions, fees start at 2.5% for standard methods.

Cashing out via crypto costs 1.8%, while credit card withdrawals incur €1-€1.75 per transaction. Bank transfers to verified accounts are entirely free, making them the best option for payouts. However, MiFinity does charge a premium fee of 2.99% for currency conversions.

Deposit and withdrawal limits are adjusted based on your verification status, but the standard is €2,000 per year.

Pros and Cons of MiFinity Casino Payments

MiFinity is undeniably one of the best payment providers in the online casino space. Let's examine the benefits and drawbacks of using this system.

Pros:

• Zero casino deposit and withdrawal fees

• Hold and manage up to nine different currencies in a single MiFinity account

• Deposits are instant, while withdrawals typically process within 24-48 hours

• 256-bit SSL encryption and PCI DSS compliances keep your funds and data protected

• Accepted in 225+ countries with support for 75+ local payment methods and 17 currencies

Cons:

• Funding your MiFinity account costs 1.8% (2.5% for non-EEA players) and up to 7.5% for certain methods like CashtoCode

• High currency exchange rates up to 2.99%

MiFinity Performance Compared to Alternatives

The best payment method for your online casino gameplay depends on what you prioritize. Compared to other e-wallet options, MiFinity excels in transaction speed and low fees. Both Neteller and Skrill charge up to 4.99% for currency conversions, while MiFinity charges just 2.99%.

MiFinity also offers free withdrawals to verified bank accounts, while Skrill charges 1.75% and Neteller €9.24. However, these providers support more currencies than MiFinity, with more integrated payment providers for international players. You can even purchase Bitcoin and other popular cryptocurrencies on the Neteller system, while MiFinity only gives you the option to convert.