MiFinity Casinos

MiFinity is a UK-based company that offers high-quality online banking services worldwide, including New Zealand. The company's portfolio consists of virtual card programs, prepaid cards, e-wallets, and e-vouchers, catering to businesses, consumers, and casino gamblers alike. MiFinity is widely accepted in various well-known online casinos on the market due to its convenience and fast processing time of transactions. 

✓ MiFinity offers instant deposits
✓ Fees for casino withdrawals of up to $2.50
✓ Supports over 17 currencies
✓ Multiple ways to fund the account

  • Gambling Is Addictive
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Charlotte Wilson
Written by Charlotte Wilson
Oliver Singh
Edited by Oliver Singh
9 Min Read
Updated on Mar 12, 2025

MiFinity: Reducing Fees and Delays for Casino Banking

MiFinity was established in 2002 to provide different cost-effective end-to-end payment solutions. In addition to its Belfast headquarters, MiFinity maintains regional offices in Dublin and Malta. With over 20 years in the online payment space, it strives to become the industry leader in online payments. MiFinity offers a comprehensive product portfolio tailored for businesses, merchants, and consumers. This banking option also offers various services and cards, such as virtual and prepaid card programs, an e-wallet, and an e-voucher. Supports over 17 currencies, including NZD and various cryptocurrency tokens.

Besides, MiFinity’s partnership with BitPay supports the conversion of cryptocurrencies like Bitcoin and Bitcoin Cash into usable funds. Finally, it provides an opportunity for gamers seeking alternatives to standard bank or card deposits, however, the availability may vary by platform. Additionally, by bypassing conventional banking routes, MiFinity helps reduce processing delays and hidden fees often associated with bank transfers.

Fees and Limits of MiFinity

Another advantage of MiFinity is that it provides quite fast transaction, which is especially crucial in gambling. Deposits are usually processed instantly, with minimum amounts ranging from $10 to $20 (or equivalent) and maximum limits around $4,500.

MiFinity withdrawals, on the other hand, take up to 24 hours on average. However, the withdrawal time may vary and even be extended depending on the specific online casino processing procedures. The minimum withdrawal amount starts around $10, and the maximum withdrawal limit can go up to $10,000, depending on the platform and the preferred currency.

Despite all the pros of MiFinity, its services are not free. MiFinity charges additional fees for deposits, they can vary from 1.8% to 10.5% depending on your payment method. Yet, for SEPA bank transfers, all transactions are free. MiFinity applies a withdrawal fee that typically is up to $2.50 per transaction. Online casinos or platforms may impose additional withdrawal charges, so checking their specific terms and conditions regarding MiFinity fees is essential.

Limit Time Fees
Minimal Deposit $10 Instant SEPA Bank Transfer — free
1.8% — cryptocurrency
from 1.8% to 10.5% — other methods
Maximal Withdrawal $10,000 24 hours 1.8% — cryptocurrency
2% — bank transfer
2.99% — currency conversion
$2.50 — per transaction

How to Play with MiFinity

This step-by-step guide, designed by Charlotte Wilson, an experienced gambling expert, will simplify the process of depositing and withdrawing money at online casinos using the MiFinity payment system. It covers everything from setting up your MiFinity account to cashing out your winnings.

1
Step 1
Visit the MiFinity website and sign up for a new account if you don't already have one. Fill in your personal details and verify your account via e-mail address. Then, log in to your new MiFinity account and click on the "Add Money" option and follow the prompts to make a deposit.
2
Step 2
Click on "My Account" or a similar option and then select "Deposit" or "Cashier". Select MiFinity as your payment method and enter the amount you wish to deposit, then confirm. You will be redirected to MiFinity's secure payment gateway, where you'll need to authorise the payment.
3
Step 3
Once the transaction is successfully confirmed, the funds will be quickly transferred to your casino account. Right after that, you will be ready to start your exciting gambling journey and win real money. You can also claim a welcome bonus and enjoy your playing time even more!
4
Step 4
To withdraw your winnings visit the "Withdraw" section and choose MiFinity. Then, enter the preferred amount and confirm. The funds will be transferred to your MiFinity account. This could take 24 hours on average. After that, log into your MiFinity account and transfer money to your bank account.

MiFinity Identity Verification

Since MiFinity payments are regulated by the Financial Conduct Authority in the UK and by the Malta Financial Services Authority in the EU, users are obliged to complete the KYC process before starting to use the service. The verification of customers is essential because it's a part of an anti-money laundering measure.

To complete the KYC, you will need to provide your ID (passport/driver's license), proof of residency and funds source. Note that the verification process can take between 24 to 48 hours. Once they are successfully processed, you will receive an email notification and your profile will show as verified.

Security of MiFinity

MiFinity holds licenses from the UK's Financial Conduct Authority (FCA) and Malta's Financial Services Authority (MFSA). Renowned authorities enforce rigorous customer protection, ensuring they receive a secure and trustworthy service. Moreover, MiFinity uses security features such as Strong Customer Authentication, SSL, and fraud monitoring software like Riskified and Signifyd.

Here are the key security features put in place by MiFinity to ensure finances and information of online casino players are protected:

  • MiFinity adheres to the highest level of Payment Card Industry Data Security Standard (PCI DSS) regulations. Regular audits are conducted to maintain secure systems and protect customer data.
  • All transactions are encrypted and secured using SSL (Secure Socket Layer) technology. This encryption safeguards user information and data, preventing unauthorised access during transmission.
  • There’s an extra layer of security. Users must provide a two verification factor, such as a code sent to their mobile device, reducing the risk of unauthorised account access.
  • MiFinity has implemented Strong Customer Authentication (SCA) by the Payment Services Directive 2 (PSD2). It adds an extra layer of security to online payments, reducing the risk of fraud.

MiFinity Mobile Capability

MiFinity is mobile-capable on both iOS and Android devices. MiFinity users can access services on the go through a dedicated mobile app. The MiFinity mobile app is available on the App Store for iOS devices and the Google Play Store for Android devices. iOS users can enjoy the app on devices running iOS 11.0 or later, including iPhone, iPad, iPod Touch, and Mac. On the Android platform, the MiFinity app is compatible with devices running Android 5.0 or higher.

Pros and Cons of MiFinity

The BetPokies team summarised all the advantages and potential drawbacks of MiFinity to help you see the whole picture of this payment method. Let's get into it.

Pros
  • Popular payment method at online casinos
  • Accepts many cryptocurrencies
  • Utilises SSL encryption, firewalls, and SCA
  • Offers a wide range of payment methods
Cons
  • Withdrawals can take up to 24 hours
  • Deposit and withdrawal fees, as well as transaction charges

MiFinity Customer Support

Whether you have inquiries, need assistance with security measures, or have general questions about the platform, MiFinity offers various channels through which you can reach its support team. Here are the different customer service options available:

  • Phone: No provided. Yet, the MiFinity team answers the e-mail requests within 2-3 hours.
  • Live Chat: MiFinity doesn’t offer a live chat but provides a FAQ page instead.
  • Email: [email protected]

The Best Way to Leverage MiFinity — BetPokies Tips

Our team created a list of interesting tips that can help you to improve your online casino experience. Let's take a closer look at them.

  • Use MiFinity’s IBAN Feature for Faster Bank Withdrawals: Unlike many e-wallets, MiFinity provides an International Bank Account Number (IBAN), which means you can withdraw directly to your bank instead of using third-party services. This can speed up payouts and reduce fees.
  • MiFinity Can Be Used for Anonymous High-Stakes Betting: If you prefer high roller transactions but don’t want it be be seen in your bank statements, use MiFinity as a middleman. Deposit big amounts into MiFinity, then fund your casino account without your bank tracking every move.
  • Create Multiple MiFinity Wallets for Different Casino Strategies: MiFinity allows you to have up to 9 wallets in different currencies. You can use this feature to separate funds for different types of casino games (for example, one wallet for pokies, another for poker) or to manage your gambling budget more effectively.
In addition to basic transaction alerts, check if MiFinity allows you to set up custom alerts or even daily/weekly spending limits. This will help you to proactively manage your gaming budget by ensuring that you are alerted if you get close to your set limits.

Alternatives to MiFinity

If you wanted to try some new banking options that would be similar to MiFinity in their convenience and speed, the BetPokies team prepared a list of several methods to consider.