What is the MiFinity?
MiFinity e-wallet helps you make payments online without stress. This secure e-wallet facilitates easy international money transfers online. Over several thousand websites accept it and enable deposits in online casinos and payments in online stores. You can also send money to friends and family in over 70 countries and 15 currencies without any additional fees. There’s also a mobile app that’s a smart way to spend, send and receive money, no matter where you are in the world.
The wallet is operated by MiFinity UK Limited and licensed by the British Financial Conduct Authority (FCA). Therefore, safety is at the highest possible level.
What are the MiFinity casinos?
MiFinity Casino is an online casino that allows casino payments via this e-wallet. In such a place, you can make a deposit and withdraw money using this intermediary. At selected casinos, you can withdraw money from your player account via MiFinity.
How to recognize casinos with MiFinity payment? The easiest way is to find the Payments tab on the casino website or look at the website footer. There, you should find the logos of Maestro, Mastercard, or e-wallets that a given brand uses to process its payments. If the MiFinity logo is there, it does not mean that you can actually deposit there via this wallet. It is worth logging in to the casino and only checking in the cashier tab whether MiFinity in the online casino is actually available to Canadian players.
How do online casino payments work with MiFinity?
Due to the specificity of our website, we are, of course, most interested in what MiFinity deposits and withdrawals look like. The basis of all MiFinity services is the e-wallet; without it, deposits and withdrawals will not be possible. To use it you need to create an account. Registration is also possible via an application that you can download to your smartphone.
Once you have your user profile, you can make deposits at online casinos. To do this:
- You must log in to the respective online casino from MiFinity.
- Go to the cashier tab and check the minimum deposit.
- Select MiFinity from the list and pay online securely.
- Log in to your wallet to confirm your deposit.
That’s it, the online casino should immediately receive your deposit and update your account balance.
MiFinity deposits and withdrawals in online casinos
It’s time to check which casinos allow deposits and withdrawals via MiFinity and what it looks like in practice. Are there any commissions charged on deposits and withdrawals?
How to deposit in online casinos with MiFinity?
Most casinos accept even low deposit amounts. As a rule, you can play online games with just a deposit of CAD 10. The rules in casinos vary, but they usually allow you to deposit from CAD 5 to several dozen thousand at a time. To deposit at the casino using MiFinity you must have a wallet or app and log in to it at the time of payment. You must also add funds to your account in advance.
How to withdraw funds from online casinos with MiFinity?
Withdrawing money from a casino via MiFinity is no different from other forms of payment. If you play in a Canadian casino for real money, you must meet the turnover requirement specified in the casino’s regulations. Then, check the minimum payout for this payment method. Most often, casinos set this threshold at around CAD 30. Users of this wallet do not have to be afraid of paying out high winnings. After passing verification, you can withdraw really large sums.
MiFinity fees
MiFinity may charge commission fees. This most often happens when changing currency. If you want to use MiFinity in an online casino, you may be charged a 2% commission for funding your account via a payment card. In return, however, you gain privacy and security for your transactions.
MiFinity mobile casinos
If you were wondering whether it is convenient to use this payment option if you play in an online casino via mobile phone, we hasten to answer that the MiFinity system may surprise you. You can download their app on your Android or iOS phone. Once registered, you can choose from over 40 integrated payment methods for fast and secure transactions. You can also create multiple multi-currency e-wallets within your account. Every casino has the option to enter a currency when registering. Make sure MiFinity supports it. You can make payments at the mobile casino using the instructions provided above.
MiFinity casino bonuses
MiFinity is one of the most convenient and trustworthy payment methods for online gambling. These days, playing at MiFinity Online Casino is all about speed, convenience, and quality entertainment. If you are looking for easy deposits and fast withdrawals, then MiFinity could be just the casino payment method. Even though it is a very popular payment method used by millions worldwide, MiFinity is quite uncommon in online casinos. This is because this system has a strict gambling policy.
Therefore, if you see this method among the available online casinos, you can be sure that this casino is reputable and you can be confident in the reliability of the payment when choosing this method. In addition, you also don’t have to worry about the speed and quality of the transaction. But that’s not all. Online Casino MiFinity Payment offers additional bonuses from the casino. For example, the reward can be a bonus of up to 15% for deposits made using this payment method.
If you are lucky enough to find an online mobile casino, MiFinity, you can get additional fees or free spins for both the payment method and the mobile application. The best part is that all bonus promotions and rewards can be claimed quickly, thanks to your choice of payment method. However, in any case, even if you are sure about the bonus received, we recommend reading the conditions of bonus promotions before signing up, as sometimes there may be additional wagering requirements that are not written in capital letters.
Simply call your casino’s customer service to find out what bonus promotions are currently available and which bonus offers you can take advantage of. Good luck!
Most common problems when using MiFinity in online casinos
If you want to play in the casino for real money using MiFinity, you must also consider several inconveniences. First, you must be very careful about additional fees and commissions. They may be charged when you deposit money into your electronic wallet. In the casino, you also have the option of specifying the currency. If you choose a currency in the casino that differs from the funds in MiFinity, the system will convert your deposit at a worse rate than the online currency exchange office. You can pay an additional 7% commission.
The second problem is the limited number of casinos that support this system. You won’t find a casino accepting MiFinity payments among the most well-known brands that rely on payment cards or more famous wallets such as Skrill or Payz.
Sometimes, a MiFinity-supported online casino only offers deposits this way. A common situation is that you must then withdraw by bank transfer. All bank accounts in Canada are currently screened by the National Tax Administration, so such a transaction is dangerous.
Alternatives to MiFinity payments in online casinos
However, if you cannot pay with MiFinity, you must use payment methods other than those of casinos MiFinity. There are many alternative competitive systems for depositing funds for gambling on the market.
Although traditional credit cards undoubtedly dominate the payment market, alternative payment methods are growing rapidly. MiFinity casinos should listen to customers’ payment needs to retain customers and attract a new audience. New technologies allow customers to make payments using existing systems for online banking, e-wallets, and even smartphones with biometric data. Learn more about each method in the following sections.
Paysafecard
Paysafecard casinos are just as common as all other casinos. Paysafecard is one of the few payment methods where you can only make bank transfers, but no casino payouts can be received here. The Paysafecard is a plastic card you can buy at a special point of sale. The price of the card corresponds to the face value. Your value is in the 16-digit PIN code, which you must enter instead of MiFinity to deposit in an online casino. Paysafecard can be used to make online purchases. Due to prevailing practice, most stores prefer a method other than MiFinity. You can only use the PaysafeCard in the casino to increase your bet and win, but you cannot withdraw it directly.
This method is ideal for those who do not have a MiFinity account or are at home. The data on the Paysafecard may not match those from MiFinity. You can use MiFinity with Paysafecard in several casinos, and some deposit casinos accept this method.
You can also activate a prepaid card with a Paysafecard prepaid code in Canada. Another important disadvantage of this method is that you can only make transfers, but you cannot receive withdrawals here. On the other hand, your money is not as safe as sending it with credit cards or bank transfers at a MiFinity casino.
However, if you are very interested in bonus offers, point deductions, and significant betting bonus offers in online casinos (although not all online casinos accept MiFinity with Paysafecard), this method may be satisfactory. This is one of the most common payment methods. This method is for everyone who doesn’t accept MiFinity or Paysafecard. If you choose this payment method, you will need a bank account to deposit funds with your credit card company. The advantage of this method is that it is a classic deposit method, and the money is immediately transferred to the transaction provider.
Neteller
This payment system currently belongs to the Paysafe Group and, alongside MiFinity, is one of the most popular payment methods at Neteller casinos in Canada and worldwide. Today, Neteller supports more than 20 major account currencies and the payment system website interface is available in more than 10 languages. Neteller is an e-wallet that can be used to make deposits at the online MiFinityCasino, provided that prior registration has been completed and credit is available.
Make a deposit and claim one of the bonus offers Neteller presents to customers based on the balance previously posted to the account. At Neteller, customers can deposit money in currencies that belong to the provider’s deposit methods. The funds are available immediately but are subject to verification by Neteller managers.
Once the money is credited to your account, you can access various online casinos safely. Neteller is a reliable and easy-to-use method for paying funds to online casinos using MiFinity Casino.
This method has historically been accepted in most online casinos, and you can even use this method before depositing to withdraw funds for your sign-up offer in currencies. Using Neteller for payment methods other than deposits is only possible in some online casinos when depositing using a standard credit card account. This method with a German website is very popular because it can be used worldwide. They are booked from the German side at all casinos that accept Neteller.
Skrill
Last but not least, the Skrill casinos in Canada are important. If we talk about Skrill, then this system and Neteller have a lot in common. It is also an e-wallet, and it has the same owner. Registering with Skrill only takes a few minutes. You fill out the registration form, and your account is ready. New online casinos with MiFinity also accept this payment method, as customers like it for its simplicity and speed of transactions.
To visit online casinos with Skrill, you must have an account with Skrill before making any deposits. The Skrill casinos in Canada are available and offer you an easy way to deposit money.
The biggest problem is that this payment method is only available in Scandinavian countries and not yet in the rest of the world. Using online casinos with a Skrill casino bonus without an account is impossible.
Pros and Cons of using MiFinity in online casinos
It’s time to discuss the advantages and disadvantages of using MiFinity in an online casino. It brings numerous advantages such as:
Advantages
- You do not provide your data to the casino: Unlike in the case of a transfer, the transfer recipient does not know your data.
- The payment does not leave your account: You do not transfer directly to the casino. This is particularly important in Canada, where the Tax Office has detailed insight into each account’s history.
- High availability: MiFinity casinos are becoming increasingly available, and people are becoming increasingly comfortable with this form of payment.
- Instant transactions: Your transfers arrive immediately, like when you use a payment card.
- High credibility: MiFinity is a legally operating entity in the UK. The local banking supervision regulates the company. It operates in 170 countries.
Disadvantages
- Fees and commissions: You may incur additional fees sometimes, especially when you change the currency when paying or top up your account with a payment card.
- You must undergo verification: Your identity is checked, which requires sending documents. This improves safety, but not everyone likes the additional formalities.
Final Thoughts on using MiFinity in Canadian online casinos
As you have read above, casinos with the MiFinity payment method are no longer rare. This system has many advantages and its website and mobile application are extremely refined. We are sure that MiFinity payments will only become more popular and will appear in more and more online casinos. We hope this article has been helpful and has convinced you of the numerous advantages of this payment system.
