MiFinity UK Limited, more familiar as MiFinity, was founded in 2002 in Northern Ireland, with head office in Belfast, and regional branches in Dublin and Malta. The FCA (Financial Conduct Authority) authorizes MiFinity under the Electronic Money Regulations 2011 for issuing electronic money.
Furthermore, the company is certified by UnionPay International, a Chinese financial services corporation, to issue and manage prepaid virtual cards and offer acquiring services, supporting the MoneyExpress remittance program, a cross-border remittance service available in more than 40 countries. Knowing all this, MiFinity may be the perfect solution for those who want to have a myriad of online payment options.
MiFinity is continually scaling up its network of global commercial partners and industry verticals. Here are just some of those allowing you to use MiFinity online payment services: the travel industry, airlines, retail banking, education, gaming, etc. To conclude, MiFinity is offering digital financial services via a superb, and regulated platform built on cutting-edge technology. All this makes the company fully reliable and trustworthy.
MiFinity offers a large number of cost-effective A-Z digital transaction methods. However, the company’s flagship product is MiFinity e-Wallet, which is especially popular for payments across online casinos. There are three ways to obtain your eWallet. You can download the app from Google Play or Apple App Store or sign-in on the spot – on the website. The wallet enables instant transactions without a need to wait for the bank to clear it. Its global reach allows you to send money anywhere in the world through an extensive network of banks and different local payment options. Instant top-up of the wallet is available in almost 200 countries.
MiFinity eWallet is user-friendly and very easy to use. After downloading the app, or signing up on the web, you only need to fund the account either via your credit, debit, or prepaid card, online banking, or using one of their partners: Klarna, VISA, Trustly, or Mastercard. In case you wish to pull the funds from the wallet to the cards or bank account, you will be able to do so. The currencies supported are EUR and USD.
How to Deposit via MiFinity?
MiFinity eWallet can be funded with all cards, online banking, and some digital payment methods. The service is speedy, which means that when you send money from the wallet to your gambling account, it will be available in a blink of an eye. It works like any other eWallet. Firstly, find the right web-casino with this banking option and sign in. Then go to the casino’s banking section, find eWallets, and select MiFinity. Log-in with your username and pass, enter the amount you want to use for gambling and confirm the transaction. The processing is speedy, so in a matter of seconds, you will be able to indulge in your favorite live casino games!
How to Withdraw with MiFinity?
MiFinity eWallet allows withdrawals to clients’ cards and bank accounts. Hence, the cash out from the online casino is possible. However, it is highly recommended to check all the details before starting, as some casinos have certain restrictions that may force you to find a fallback solution. In most cases, casinos that allow MiFinity eWallet for depositing will accept it as a withdrawal method. To be on the safe side, check everything beforehand.
The procedure is as easy as with deposits. Find your eWallet, log-in, select the amount, and wait for the confirmation from the casino, as they need to approve this transaction. And to check if there were any wagering requirements you have met.
Transfer Times, Fees, and Security
As for the transfer times, for funding the casino account, timing is instantaneous. When it comes to cashing out, it will take more time for the transaction to be validated and seen on your account. Casinos need more time to check withdrawals, a so-called pending period when they review your identity and wagering requirements if there were any.
The fee policy is user-friendly. The deposit fee is 1.8% of the amount. But, pay attention. The deposit fee of 1.8% is only for UnionPay, VISA EEA, Bitcoin, and Bitcoin Cash, while taxing is higher and differs from card to card, and goes up to 8.7%. Moreover, partnering payment solutions such as Klarna and Trustly have a deposit fee of 1.8% + €0.19. Therefore, we are suggesting you to visit the MiFinity website to see exactly how much they charge transactions for the options you prefer.
For the withdrawal applies a flat fee of only €1. But, this is valid for Local Bank Transfer and VISA EEA. Some other options are charged differently: for example, VISA Interregional €1.75, MasterCard EEA €1.75, and MasterCard Interregional €2.
Also, as you log to the eWallet, with username and password created specifically for this service, the security of your cards and online banking linked to the wallet is at the highest level possible. You are not disclosing any personal or banking data to the casino.
Furthermore, MiFinity is boasting about the latest security standards and fraud protection technology. It meets PCI DSS Service Level 1 regulations, while eWallet is encrypted with SSL technology. The company also accepted Strong Customer Authentication (SCA) that is fully compliant with the Payment Services Directive (PSD2), a new European safety requirement to reduce fraud and secure online payments.