MiFinity

MiFinity is an eWallet provider that has been in operation for almost 20 years. It provides a secure and user-friendly platform for users to transfer funds and pay for goods and services with ease. MiFinity is expanding quickly in Canada, following a partnership with Interac. As a result, it is becoming a supported payment option at a growing number of online casinos.

In this MiFinity review, we will provide you with a good understanding of this payment method, including the main pros and cons. We will also explain how to use MiFinity and what fees and limits apply.

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Get to Know the MiFinity Solution

MiFinity is a UK-based company with almost two decades of experience and growth. It is based in Belfast and operates smaller offices in Dublin and Malta. This eWallet provider is licensed by the UK’s Financial Conduct Authority (FCA) as well as the Malta Financial Services Authority (MFSA). Over the years, the company has built a reputation of being trustworthy, safe, and innovative.

The MiFinity eWallet service can be used with all sorts of online merchants, but it has been particularly successful in carrying out transactions for online casino players. Providing a quick and easy payment solution at low fees, MiFinity is oftentimes chosen by Canadian players as an alternative to card payments or bank transfers. Players who have never used an eWallet provider before have chosen this one since it provides helpful video tutorials and simple account creation, funding and withdrawal processes.

MiFinity’s Success Lies in its Simplicity

In order to start paying with MiFinity, all you need to do is create an account by providing some basic details. This will give you a basic account with decent limits and will allow you to fund your account using your preferred option. In addition to cards, cryptocurrencies, and instant bank transfers, you can deposit funds using Interac. Once you have sufficient funds in your account, transferring them to your online casino requires three simple steps.

  1. Visit the cashier section of your online casino and select MiFinity
  2. Log into your MiFinity account directly from the casino page and enter the amount you wish to deposit.
  3. Confirm the transaction.

In most cases, deposits are transferred instantly or within a couple of minutes. MiFinity does not charge you any fees for transferring funds to your online casino.

The process to withdraw your funds from your casino account to MiFinity is practically the same. All you need to do is:

  1. Request a withdrawal of funds from your online casino.
  2. Select MiFinity as your payment method and log in if necessary.
  3. Confirm the transaction.

Withdrawals to your MiFinity account can take a few minutes or a few days, depending on the casino’s withdrawal policy.

The Benefits of Using MiFinity at Online Casinos

Like most other reputable eWallets, MiFinity offers an instant and low-cost way to transfer funds to and from your favourite online casinos in Canada. The company operates within a strictly regulated industry and provides a secure environment to carry out financial transactions. The platform is user-friendly and ideal for anyone looking for a simple solution to fund their casino account.

MiFinity is also available on your smartphone through an Android and iOS app. With this convenient tool, you can manage and process transactions wherever you are and with a tap of your finger. The platform is also able to adapt to mobile versions of online casino websites, ensuring that you have quick and easy access to your funds no matter which channel you use.

Understanding MiFinity Fees and Limits

MiFinity applies a variety of fees and limits depending on the type of transaction you are carrying out and your account status.

The main fees charged by this eWallet provider are based on your selected funding and withdrawal methods. If you choose Interac e-Transfer, for example, the applicable deposit fees are 3.5% + C$0.75. As an example, if you were to deposit C$100, you would be charged C$4.25. The withdrawal fee with the same payment method would be C$4, irrespective of the amount.

When you create a basic account you have a maximum transaction limit of €2000 over a rolling period of 365 days. In order to raise this limit, you will need to provide verification documents, including proof of identity and residency. Whilst account verification is an inconvenience, it helps ensure that MiFinity stays secure and decreases the likelihood of any fraudulent transactions or scams.

Keep your Casino Activity Hidden from your Bank

Banks in Canada and around the world are increasingly strict on users who transfer funds to and from online casinos. In order to avoid the hassle of constantly providing KYC documentation and the risk of having your bank account closed, you can use MiFinity to mask your casino transactions.

In fact, MiFinity does not even require you to have a bank account in the first place. The eWallet provider supports payments from other eWallets and cryptocurrencies, allowing you to bypass banks altogether. 

Your Money is Safe at MiFinity

MiFinity is a regulated eWallet provider with licenses issued in multiple jurisdictions. It operates legally and securely in Canada, offering local casino players a safe and reliable service. Various security measures are used to protect your details and funds, including encryption and firewalls. MiFinity is PCI DSS verified and is trusted by MoneyExpress, one of the largest money transfer organisations in the world.

Enjoy Your Casino Experience with MiFinity

Playing online casino games should be a fun and entertaining experience, but funding your account can sometimes be a hassle. MiFinity takes out the hassle of payments, providing a fast, secure, and convenient way to deposit and withdraw funds from your favourite online casinos. Mobile and user-friendly, this eWallet provider is increasingly supported by online gamling sites in Canada.

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