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The Best Australian Online Casinos with MiFinity

One of the newest e-wallets is MiFinity, which can now be used in some MiFinity casinos for deposits and withdrawals. 

So that you have all the information about MiFinity at hand and can decide whether MiFinity is an exciting means of payment, we have compiled all the information about MiFinity and the current best MiFinity casinos in the following guide.

What is MiFinity? Basic Information about MiFinity

Let's start with the essential information about MiFinity - yes, MiFinity is a secure and reputable e-wallet.

The financial services provider was founded in 2002 and initially focused on its users in the UK. Accordingly, the company is still headquartered in the Northern Irish capital Belfast. In the meantime, some of its employees have been relocated to Dublin and Malta to access the European market.

Payments via MiFinity are licensed by the FCA (British Financial Market Authority) and the MFSA (Malta Financial Services Authority), so you can be sure that MiFinity is safe and that all payment steps are treated seriously.

MiFinity has no surprises in store for you. MiFinity registration is a six-step process that should take you five minutes to complete with the necessary information.

Once your MiFinity account is fully activated, you can create different accounts at the e-wallet and thus keep an eye on all your finances in the respective MiFinity casinos.

Not only can you use MiFinity for payments in dollars, but you can also choose from over 15 other currencies.

To top up your MiFinity account, you can link it to many other payment methods. Quick deposits are possible via Mastercard, VISA or Trustly.

In addition, MiFinity is one of the few e-wallets that you can link to your cryptocurrencies. Especially when cryptocurrencies are booming and achieving new records every month, this is a significant advantage over other traditional e-wallets.

The Most Important Facts about MiFinity 

So that you can decide a little faster whether MiFinity casinos are suitable for you, we have now compiled the most important advantages and disadvantages of using MiFinity.

Of course, we emphasize the similarities and noticeable differences to the well-known e-wallets, such as PayPal, Skrill, or NETELLER.

The Advantages of the Best MiFinity Casinos

Speed: Not only will MiFinity payments land immediately in your online casino according to an e-wallet, but MiFinity withdrawals are also possible within 24 hours.
Anonymity: With MiFinity, you do not share your bank details with the online casino. Accordingly, payments are completed directly through MiFinity without your online casino activity showing up on your bank or credit card statement.
Security: MiFinity is safe to use. Not only is your data stored securely at MiFinity, but all MiFinity transactions at the casino also use modern SSL encryption technologies.
Mobility: Thanks to the MiFinity app, you can keep an eye on all your MiFinity payments and your current account balance around the clock on your smartphone or tablet.
Limitations: Since you have to fund your MiFinity account before making a payment at MiFinity Casino, you are always in control of your finances. Therefore, short-circuited actions or deposits out of frustration after a run of bad luck are not possible.
Cryptocurrencies: MiFinity is one of the few e-wallets that you can link to your cryptocurrencies. If your MiFinity casino does not allow payments by cryptocurrency, you can avoid this obstacle by using MiFinity.

The Disadvantages of Paying with MiFinity in the Online Casino

Availability: Currently, the biggest problem of the e-wallet is the low availability of MiFinity casinos. Even though MiFinity now cooperates with many payment methods, MiFinity can currently only be used in a few online casinos.
Fees: Even though the MiFinity experiences are positive throughout, you must consider the MiFinity fee of 1.8% per deposit to your MiFinity account. Therefore, ensure that no other fees are charged at your MiFinity online casino and that your winnings are not minimized.

How does MiFinity work? 

A step-by-step guide to paying at MiFinity Casino:

Step 1
First, make sure you have a MiFinity account and sufficient funds. If not, make a MiFinity deposit first and have enough funds ready to pay at MiFinity Casino.

Step 2
Now use your login details and log in to the corresponding MiFinity Casino. Find your way to the deposit area immediately and select MiFinity as your deposit method.

Select your desired deposit amount and use your MiFinity account details to start the deposit process.

Step 3
The payment service will now complete your desired MiFinity deposit. Typically, the desired deposit amount should be in your account within seconds. No further personal data needs to be transmitted to the online casino.

Step 4
Due to the new regulations of the state gambling contract, only deposits of up to 1,000 dollars is possible with MiFinity from 1 July 2021. Therefore, make sure that you do not have to pay any further fees and that the MiFinity deposit at the casino is free of charge.

Is a MiFinity Withdrawal Possible at the Casino?

As it befits a modern e-wallet, you can, of course, also make MiFinity withdrawals.

As a rule, no fees should be charged, but we think it makes sense to check with your online casino whether any withdrawal requests are subject to a fee. Some casinos charge fees for more than one withdrawal request per week.

In addition, make sure that you have already used your MiFinity account for a first-time MiFinity deposit.

Due to the KYC procedure, many online casinos only allow a withdrawal with payment methods already used for a deposit and are therefore registered in the system.

Is there a MiFinity Casino Bonus?

Another extremely positive aspect is that your MiFinity deposits qualify for the respective bonus offers. Every new customer bonus and every bonus for existing customers should therefore be able to be activated with a deposit via MiFinity.

On the other hand, it should also be noted that no exclusive MiFinity casino bonus offers can be used.

Online casinos granted a percentage bonus on specific deposit methods are unfortunately over.

The use of MiFinity is contrary to how online casinos are used to dealing with e-wallets. In the past years, e-wallets such as NETELLER or Skrill were often excluded from the bonus program and can only be used on a limited basis.

How Long does a MiFinity Payment Take?

According to a good e-wallet, the advantages of MiFinity are, of course, also in the area of fast payment transfer.

Whether you make your payment regularly via the PC or possible online casino apps on your smartphone or tablet, it plays a subordinate role. MiFinity can also be used for mobile payments.

Accordingly, your MiFinity deposits will land on your casino account within a few seconds and can be used immediately.

According to MiFinity experience, all withdrawals are settled within 24 hours. However, it is crucial to clarify in advance whether your online casino specifies a hold time for your withdrawal amount, which could delay the withdrawal somewhat.

It would help if you also considered that ideally, you do not have to pay MiFinity fees for your withdrawals. As your withdrawal amount can only be paid out from your MiFinity account to your chosen bank account for a fee, further fees should not be necessary.

Is MiFinity Considered a Secure Payment Method?

At MiFinity Casino, your security is guaranteed. Your personal information is secure, as is all of the data you submit during the payment process.

First of all, you benefit from MiFinity's security measures. At MiFinity, your details are first verified, so all your deposits must be confirmed through customizable security measures. No account activity will go through without your consent.

Following its licensing requirements, MiFinity must also guarantee that all personal data is stored securely on its servers and not be sold or shared commercially with secondary or third-party companies.

You can also approach a licensed online casino with MiFinity with a clear conscience. If the e-wallet can be used for payments, this means that the online casino meets MiFinity's strict requirements and has therefore agreed to cooperate.

Since MiFinity has set itself high goals and is still in the start-up phase, the company cannot afford any mistakes. Therefore, it only cooperates with casinos that meet its standards and present the corresponding licenses.

The Best MiFinity Casinos

Since MiFinity is a comparatively unknown e-wallet that is nowhere near the customer base of PayPal, NETELLER, or Skrill, the search for suitable online casinos with MiFinity is complex.

Therefore, we have gone on a search and picked out the best MiFinity casinos that can be used in Australia. You can find them on our Homepage.

Conclusion: More MiFinity casinos usable in Australia

In conclusion, we, unfortunately, cannot give an absolute recommendation for the use of MiFinity payments, at least not at the moment. 
Unfortunately, the number of MiFinity casinos is still not sufficient, so it continues to be a niche payment method.

Nevertheless, it should be noted that MiFinity has made some steps forward in recent months and is therefore proving to be an excellent alternative in the area of e-wallets. 

Not only does the company cooperate with most payment methods in Australia, but you can also link your MiFinity account to your crypto-wallet and thus use an alternative way to deposit with cryptocurrencies in the online casino.