Mifinity is a prominent online payment processor that acts as both an e-wallet and a prepaid voucher service. Players can opt for this payment method to avoid supplying their bank card information to online casinos. It is a regulated and reliable provider that can be used for a myriad of services, including gambling online.
Thousands of customers have been opting for this payment method, thanks to its extra security features and quick deposits.
Since launching in 2002, it has gone on to support more than 15 various currencies and receives and sends funds to more than 30 countries globally.
Keep on reading to learn in more detail about this payment method and how it can be advantageous for online gambling.
If you are looking to make a deposit with Mifinity, we have compiled a comprehensive list of the best Mifinity casino sites on the market. All of these gambling sites have been thoroughly vetted before being deemed safe and secure. Check out the below list at JohnSlots.
There are a number of reasons why e-wallet options are continually on the rise. If you are weighing your options on whether to opt for Mifinity as a payment method or not, here is a good overview of the advantages and disadvantages of using this payment provider.
|PROS OF MIFINITY||CONS OF MIFINITY|
|You can get in touch with customer support on social media||No live chat function is available|
|You can make deposits in various currenciest||Conversion fees may apply|
|Fees are considerably low||Withdrawing your funds from Mifinity can be slow|
|Your gambling activity won’t show up on bank statements||Mifinity website can be cumbersome at times|
|Can also make deposits with cryptocurrencies||Withdrawals are subject to long verification processes|
|Mobile-friendly app||Not many online casinos accept Mifinity to date|
Making a deposit with Mifinity is quite easy. If you are familiar with other e-wallets such as Skrill and Neteller, the entire process will be far more familiar.
Before you can make a deposit with Mifinity, you would need to register for a Mifinity account. You would then need to connect a bank card and verify it before you make a deposit into your Mifinity account. Depositing into the account is easy, but you would need to comply with Mifinity’s KYC procedures when it comes to cash withdrawals.
Once you have deposited funds into your Mifinity account, you can proceed to make a deposit at your chosen Mifinity casino account.
Use the following steps:
- Set up your account
- Select a casino from our list
- Choose Mifinity as a payment method
- Enter the amount you would like to deposit
- Follow the instructions to complete your deposit
- Go back into your casino account
Mifinity and Bonuses
There is nothing stopping you from claiming a generous online casino bonus when signing up for a new Mifinity casino.
Unlike other e-wallet providers such as Skrill and Neteller, Mifinity deposits are not exempt from welcome deposit bonuses. In addition to the welcome bonus offer, you can claim other available promotions, such as free spins promotions, reload bonuses and cashback deals.
It is important to note the minimum deposit before claiming any promotion and to read the terms and conditions carefully. Not all casino bonuses have been created equally, so careful attention must be paid to various terms, such as game contributions and exemptions, wagering requirements as well as bonus validity.
Fees When Using Mifinity for Deposits
Similar to Skrill and Neteller, Mifinity does have a complicated fee structure. The fee will tend to vary depending on the currency you are going for, the payment method you are using to top up your account and many others.
There are also applicable fees when it comes to topping up your Mifinity account. A 1.8% fee applies when using Visa and Mastercard to deposit funds into your MiFinity account. If you are based outside of the EEA, the fee goes up to 2.5%.
If you prefer to opt for a SEPA bank transfer, then you are spared the fees. However, it is always best that you check with the casino you are signing up for, to see if there are additional fees associated.
Minimum Deposits with Mifinity
Making a deposit into your Mifinity account is relatively straightforward. The minimum deposit is €10, while the maximum is €2,000 if your account has not been verified and up to €10,000 if your Mifinity account has been verified.
The minimum deposit to play at a Mifinity casino will depend on the site in question. Usually, the minimum deposits will vary from €10 to €20, though there are some casinos that will have a higher minimum deposit threshold.
It is best recommended that if the casino has a Payments page, you have a look at the minimum and maximum thresholds for both deposits and withdrawals. If there is no such page, you can usually find this essential information in the terms and conditions.
How Fast are Mifinity Deposits?
If you already have funds in your Mifinity account, all deposits to an online casino will be processed within a matter of seconds. If you have no funds, you would have to top up your account first. None of these processes will take you more than a couple of minutes.
When it comes to withdrawals, Mifinity casinos are some of the fastest around. That said, all players who are requesting a withdrawal for the first time will have to undergo various KYC procedures.
The KYC procedures could delay withdrawals by a couple of days. However, once your casino account has been verified, your funds should be released in a matter of hours.
Use the following steps:
- Head to your online casino’s withdrawal page
- Select this payment method as a withdrawal option
- Enter the amount you wish to withdraw
- Approve the withdrawal
Can I Always Make Withdrawals with Mifinity?
Yes. Usually, online casinos that accept Mifinity also allow cash withdrawals via this payment method. To learn if your casino accepts Mifinity as a withdrawal, you can check the Banking Methods page.
In the unlikely scenario, that the casino does not allow Mifinity withdrawals, you may have to opt for another payment method. You may also be asked to make a deposit with another payment method and also verify it before you can cash out.
It is important that you verify this information to avoid any unnecessary hassle.
Finding the best Mifinity online casinos should be a doddle. There are several hundreds of Mifinity online gambling sites available on the market. While opting for Mifinity as a payment method is great, you should also look at other relevant factors as follows:
- Valid gambling license: Your number 1 priority should be to check that the casino is a holder of a valid gambling licence and that your country is not restricted. Opting for a licensed online casino will protect your data-sensitive information.
- Bonuses and Promotions: If you like to boost your bankroll, you should find a Mifinity casino that offers promotions that suit your gaming style.
- Fine Print: We cannot stress enough the importance of reading thoroughly the terms and conditions of any casino bonuses you are claiming. As long as they are fair, you should be good to go.
- Games on offer: If you are looking to stick to one casino, it should have all the games you like to play as well as the game suppliers.
- Deposits and Withdrawals: The minimum deposit and withdrawal should be low enough to appease low-rollers and the maximum threshold should be high enough to appease the high rollers.
If Mifinity is not available in your country or just simply want to opt for a different payment method, you have very good alternatives available at your disposal. These include:
- Bitcoin: Bitcoin is the most popular cryptocurrency on the market. If you are looking for a safe payment method, opting for modern cryptocurrencies should save you on fees.
- Skrill: Skrill is an e-wallet that is similar to Mifinity. It enables users to make quick deposits and fast withdrawals. It may exempt you from claiming welcome deposit bonuses at some casinos.
- Trustly: Trustly is another popular e-wallet widely accepted on the market. Unlike Skrill and Neteller, it is not subject to exemptions while fees are generally low.
Mifinity allows players to make quick deposits in a variety of currencies, though it does not come without its shortcoming. As a strong competitor for Skrill and Neteller, this payment method is easily accessible for players and does not fall victim to welcome deposit bonus exemption.
While cashing out from your Mifinity account back to your bank account can be laborious and long, it can be smooth when it comes to cashing out from your online casino. In fact, any casino withdrawals do not incur any additional fees.
Overall, it is a great payment method, but players should always weigh the pros and cons. If they are happy with the long bank withdrawal process, this is a good enough option.
We have covered in great detail all there is to know about the payment method Mifinity. Check out the below most frequently asked questions related to this method.
How do I use Mifinity to make payments at an online casino?
The hardest part might possibly be registering for a Mifinity account and depositing money into it. After that, making a deposit into a Mifinity casino account is a breeze. You simply pick it from the list of payment methods, input the amount you wish to deposit and follow the instructions to complete it.
How do I know if I’m playing at a legit Mifinity online casino?
If you are signing up for a Mifinity casino recommended on JohnSlots, then it is legit. However, if you are not sure, you should always look for signs of a valid gambling license, read our casino reviews and look for signs of SSL encryption technology. If there is a small padlock in the URL section, then the casino is encrypted and safe.
Is there a Mifinity casino bonus?
It is highly unlikely to find a Mifinity-specific casino bonus, but you can still claim any other casino bonuses and promotions available at the casino of your choice with Mifinity.
Are there any fees to pay for using a Mifinity casino?
Mifinity casinos are unlikely to charge fees for making deposits or withdrawals with this payment method. However, there are fees associated with depositing and withdrawing funds to and from your Mifinity account. These fees will vary depending on your chosen payment method.
Do all casinos take Mifinity?
No. Not all casinos accept Mifinity, but a large number of online gambling sites do accept and take Mifinity for both deposits and withdrawals.
Casino Payment Specialist
Ryan Spencer is a highly knowledgeable Casino Payment Specialist with expertise in various payment methods in the online gambling industry. He helps players navigate deposit and withdrawal processes, ensuring secure and convenient transactions. Ryan's insights cover e-wallets, credit cards, and other payment options, providing players with the necessary information to make informed decisions. His expertise guarantees a seamless and hassle-free payment experience at online casinos.More info on Ryan Spencer