MiFinity online casino

While reading our article about MiFinity you can find answers from Milan Rabszski to all the questions that arise in our readers, namely:

• general information about the mifinity Payment Method: How to use this system;
• availability of e-wallet in online casinos in South Africa;
• deposit with MiFinity and withdraw your winnings in the same way;
• limits and time limits for transfers, commissions;
• the popularity of MiFinity among South African players and other alternative ways to make payments in online casinos.

What is mifinity e-wallet?

MiFinity is one of the few payment systems, the direction of which is a lot of industries, including the gambling industry. The main product of MiFinity is an electronic wallet, which today is used by users from different countries, including South Africa. The company regulating payments of this type is a supplier for a variety of channels, so the range of interest in the system by users is really high. In addition, MiFinity is licensed and supervised by the Financial Conduct authority and certified by Union Pay international. The company is headquartered in Belfast and has offices in Dublin and Malta.

Payments with Mifinity in numbers:

The use of MiFinity services is possible not only from the website, but also from the mobile application, which can be downloaded from both the app Store and the Play Market. So here are the characteristics of the application on Android:

• size 1.1 MB;
• downloads 10,000+;
• version: 1.17;
• updated: 02/08/2020.

As for the application for devices with ioS software, its size will be 7.8 MB, and it is most compatible with devices Requires ioS 11.0 (iPhone), requires iPadoS 11.0 (iPad). Both applications are in English.

How to register a payment account and log in to MiFinity

Using the MiFinity system is impossible without creating an account. It is easy to do this not only by downloading the application, but also in the mobile version of the system. to do this, first of all, you need to decide what kind of account you want to create – personal or for business. Payments for the purpose of gambling can be made immediately from a personal account. For this purpose, such data should be provided:

1. e-mail address, password and repeat password. Accept the terms of use of MiFinity and confirm that you have read the Privacy Policy;
2. the next step is verification via a link sent to the mail;
3. once you follow the link, you can continue to register. Enter your country of residence and select a currency. The following currencies are available: AUD, SAN, CAD, CHF, CZK, DKK, EUR, GBP, JPY, NOK, NZD, RUB, SEK, USD and ZAR;
4. the next step is to provide personal data: name, surname, date of birth, nationality, phone number, address of residence, City, Country and postcode;
5. the final step will be to come up with a special question and answer in order to protect the user's account twice. These are called security questions. So, you need to come up with a question that will appear when logging in and provide an answer to this question, which you will later enter in the form.

If you have a problem logging in, you can write a message to this address: [email protected] or use the live chat link to which you can find on this page: secure.mifinity.com.

Next, of course, you are interested in how to add funds to your Eportfel, so that later you can make a transfer to your casino account. There are several ways to do this. First of all, you can choose “Deposit” among the available options, so you will be asked to load funds through other payment methods: Visa, Mastercard, UnionPay, Bitcoin or Bitcoin Cash.

If you want to use other payment options (e.g. Trustly or Klarna), you should set up online bank transfers with your local bank. For credit cards, please note that the credit card must be registered in the name of the mifinity eWallet account holder. Verification and connection is carried out using a 4-digit verification code. It is also worth remembering the limit for the first deposit (150 euros). You cannot add other cards until the first card is fully verified.

You can connect your MiFinity account to your bank account by filling in the form to add your bank account to the list of possible methods. In order for your bank account to be used for withdrawals, you need to verify that account and upload a copy of the bank statement associated with that bank account. The bank statement should contain the following information: the name of the South African bank, IBAN and the name of the mifinity account holder. If you have any questions about how to top up your account or withdraw funds, we recommend that you contact MiFinity customer service.

MiFinity as payment in South African online casinos

A casino with the MiFinity method is a good option for those who want to make quick transfers to their account. This can be done in a very simple way, but before that it is worth choosing a really good casino. First of all, it must be legal for Poles. This will be helped by our ranking of the best casinos in 2023 on the list of available payments which you will be able to find MiFinity.

Further it is necessary to proceed in this way:

1. you need to select MiFinity in order to make a deposit to the player's account;
2. next, you need to enter the amount for your first deposit (try to see if this deposit will allow you to receive the welcome bonus later);
3. the third step is to log in to the mifinity e-wallet: enter all the data (username and password);
4. the last step is to confirm the payment in the Mifinity application.

How to rate an online casino with Mifinity so as not to be mistaken?

We know that these days we have so many options to choose from and for some it can be overwhelming. Therefore, the process of finding a reliable Mifinity casino can be time consuming. Players should focus on the most important criteria when choosing Mifinity casinos.

First of all, surely each of us wants to remain anonymous on the network, and the payment method reviewed by US allows for this. There is no need to provide your payment details using Mifiniti. This means that our payment card details, or bank account number, will never be disclosed to the casino. This undoubtedly gives players confidence and confidence in this payment method. In addition, there are virtual IBAN numbers with a commission-free top-up of the account, an e-voucher for pre-paid top-up of the account, for example, SMS or BLIK payment, as well as other standard services characteristic of electronic wallets. The second criterion is the availability of payment methods in different countries, because South African players are also happy to choose different foreign casinos. With Myfinity, they can make deposits and withdraw winnings at casinos around the world. In addition, this method has more useful applications, since it allows you to make payments not only in online casinos, but also gives you the opportunity to send funds to friends and family.

Both players of SA online casinos and users of betting sites want to have instant deposits and quick withdrawals. Mifinity can boast of efficiency and instant action, while maintaining a high level of security and encryption of connections. In addition, the e-wallet is easy to use and can be managed from a free mobile application. The criteria that will be extremely important for most players are undoubtedly commissions, fees and limits that are associated with the use of Mifinity wallet. Unfortunately, for deposits and withdrawals to the portfolio, some methods apply commissions, up to 7.7%. There are also fees for currency conversion, but users praise the high limits of deposits and withdrawals to and from this wallet. We encourage you to read the table from this review, in which we present detailed data on this topic. Just as important for players will be the use of a method that is popular and trusted among most users, and such is Mifinity.

Online casino gambling opportunities with Mifinity

The popularity and global reach of this method has made more and more casinos and online bookmakers include it in their offer. What benefits can players expect when using mifinity online casino? Most casinos offer welcome bonuses or sign-up bonuses. However, we did not find a casino that would give special benefits for depositing with mifinity. Of course, there are places where only some payment methods give you the opportunity to receive a bonus, but we did not find any restrictions when paying with Mifinity. Often, online casinos offer additional bonuses to players who make a deposit using Mifinity. Other interesting prizes that players can count on include free spins, cash back, or participation in special live tournaments. At Mifinity online casino you can play various gambling games, popular all over the world, also for free in the demo version. Fans of online slot machines, table games or even games with a live dealer will certainly not be bored, thanks to the deposit with this method. And those who regularly use the casino offers and deposit larger amounts can count on an invitation to the VIP Club, where exclusive offers and the care of a dedicated manager are waiting for them.

Our casino expert points out that the Mifinity payment method can be a great alternative to Revoluta or Skrill. In addition, within the platform, you can carry out cryptocurrency transactions such as: Bitcoin, Bitocin Cash, Ethereum, Litecoin or Ripple. We recommend you check our ranking of online casinos with Mifinity because we do our best to show only 100% legal online casinos, with the best licenses. Thanks to this, you can be sure that you choose only the proven and most popular offers tried by online casino experts in South Africa.

Payment and withdrawal time with Mifinity

Any user with a verified account can fund them by various methods, where the deadline for execution in all of them is instant. Unfortunately, a deposit from 1zl or even from 5 euros may not be possible, however, because there are limits imposed. Below are the selected payment methods and the deposit limit that applies.

And how long does it take to withdraw money from the casino to the e-wallet? If we want to withdraw money from our betting account, it is usually done in less than 48 hours, and many well-known bookmakers accept the Mifinity method. However, it is worth noting that some online casinos only allow you to deposit using the Mifinity method, but no longer allow you to withdraw. If the casino supports Mifinity withdrawals then for a wire transfer, we will have to wait even a few business days, from the date of the withdrawal request, because there is still a process of accepting payments from the casino.

Withdrawal of funds by e-wallet MiFinity

The great advantage of the mifinity method for the best functioning in an online casino is, of course, the ability to withdraw winnings. The algorithm is very simple:

• the first step is to go to the Payment Transactions section of the casino where you played;
• the second step is choosing MiFinity as the method for withdrawal;
• the third step is logging into the wallet supposedly as it was during the financial operation at the start. The process of transferring funds can take from three to seven days. It all depends on how long the operator will check your withdrawal request.

Before you decide to make payments at the casino, check if you can withdraw your winnings in this way. If the casino only allows you to deposit with MiFinity, you can choose other similar ways to withdraw money.

Alternative payout methods

Before you decide to make payments at the casino, check if you can withdraw your winnings in this way. If the casino only allows you to deposit with MiFinity, you can choose other similar ways to withdraw money.

Everything you need to know about transfers

MiFinity's online banking at each casino operates in different ways, usually a commission is charged, there are limits on amounts for transfers, etc. For example, for transactions involving currency conversion (to $spins), MiFinity typically adds a 2.99% fee to wholesale exchange rates. Below is a table with information on how the commission is charged.

If you want to transfer money between your own mifinity wallets, the commission rate will be 1%, and if you withdraw from your MiFinity account to the crypto wallet account Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple – the transfer fee will be 1.8%.

It is also worth paying attention to the limits for different transactions. If your MiFinity account has not yet been verified, you can make a transaction of up to EUR 2000 (9500 SAN) within 365 days in a rolling period, after which you will be asked to verify your account. After reaching the spending limit and verifying the account, after the verification, the spending limit can be increased on request. If you wish to make transactions above these limits, you will be asked to perform a more thorough analysis to obtain VIP status. There are also currency limits.:

• Daily trading limit: $ 10,000 (43,500 SAN);
• Limit per transaction $ 5,000 (21,500 SAN);
• The annual transaction limit is $ 50,000 (215,300 SAN).

Problems when paying with Mifinity

As with any payment method, we may encounter various difficulties. We have described for you the most common problems and their solutions.

Payment security

MiFinity meets the requirements of PCI DSS Service Level 1, so you can be sure that this system is regularly monitored and safe for its users. Moreover, the issue of security does not have to worry you even because the mifinity e-wallet and all transactions that are made by the player are strictly encrypted using SSL technology, i.e. Secure Socket Layer. Thanks to this technology, all data and information is protected. You can also secure your account yourself by providing a password with high difficulty during registration. MiFinity uses Strong Customer authentication (SCA) in accordance with the Payment Services Directive (PSD2).

You must also keep in mind that you cannot share your authentication data (username, password and 2FA verification code) with third parties.

Pros and cons of using MiFinity as a banking method in online casinos

In this article, we have briefly described all the issues regarding the MiFinity payment method and how it can be used in online casinos. Now we will show both positive and negative sides of this portfolio:

• Cons: there is a commission for currency conversion and transfers to other accounts, MiFinity is a rare method in online casinos.
• Advantages: all transactions are very fast, availability in most European countries, anonymity of the player, the operator is reliable and has many years of experience.