Everything you Need to Know About Mifinity
We will now tell you everything you need to know about Mifinity. MiFinity is a global payment solution that focuses on simplicity. The payment gateway is authorized by the Financial Conduct body and approved by Union Pay International. Mifinity has fast become popular for its extensive global network and high technology-driven security infrastructure.
MiFinity’s main product is its eWallet. This allows you to make quick and easy online payments to merchants including gaming institutions, mifinity casinos and retailers within the fast-growing network.
The MiFinity payment platform was established in 2002, and it is currently available in over 170 countries across the globe. You can access it at any time using mobile app interfaces or desktop browsers. Also, it supports over 17 different languages.
Registering an Account with MiFinity
Creating an account with MiFinity is pretty fast. You can find the ‘sign up’ link at the top of the payment gateway’s website homepage. All you need to do is just to click on the sign-up button and follow the on-screen instructions to complete the registration. What you need to create a MiFinity is a valid email address and password. Immediately after you finish the sign-up process, Mifinity will send you an email containing your account activation link. You will have to click on the link to activate your account, and you have 24 hours to do it.
While it is not mandatory for you to verify your Mifinity account, verifying your account has a few benefits attached to it. One of the benefits is that verified users can make transactions totalling up to €10,000 per year, compared to just €2,000 for unverified.
How to Verify Mifinity Account
Verifying your account is pretty simple, and it does not take much time. The average time it takes for you to verify your account is 24 to 48 hours. To verify your account, you will need to upload or send the payment solution a few documents. The documents they request include a valid government ID, bank statement, and utility bills issued within the past 3 months.
Making Deposit Via Mifinity
You can easily fund your MiFinity account by simply navigating to the payment solution’ cashier page and clicking on the deposit button. This allows users to quickly make deposits into their MiFinity casinos.
The cards that you can use to fund your MiFinity account include UnionPay, MasterCard, and Visa. You can also make deposits using your local bank account. Furthermore, MiFinity is among the solutions that accept bitcoin and bitcoin cash payment options.
MiFinity deposit fees for cards are as follows:
- 1.8 percent for MasterCard and Visa issued within the European Economic Area.
- 2.5 percent for internationally-issued cards.
MiFinity charges higher fees for deposits made through local bank accounts.
- 6.7 percent charge for Santander online payments
- 3.5 percent plus €0.35 for Estonian banks.
With such variation in fee charges, it is always best to double-check deposit fees for the various payment methods directly on the MiFinity website.
Making Withdrawal with MiFinity
Players can easily withdraw their winnings from mifinity sports betting sites and casinos using this awesome payment solution. All you need to do is to navigate to the gambling sites cashier page and click on withdrawal. Then choose MiFinity as your preferred payment method, and follow the on-screen instruction to finish the withdrawal process.
However, keep in mind that till the time this review was written, MiFinity only allows you to make a withdrawal to your initial deposit method. Also, unlike withdrawal, the payment solution subjects withdrawal to verification and approval of the mifinity betting sites. This means that withdrawal is not instantaneous.
Unlike deposits, MiFinity subjects all withdrawals to fixed fees, rather than percentages. This implies that you won’t be penalized for making large withdrawals. The payment solution’s withdrawal fees range between €1 for bank transfer and EEA Visa and €1.75 for an international Visa. And €2 for universal MasterCard.
MiFinity partnered with 4Stop in 2017. This is a top fraud prevention brand that developed a state-of-the-art security and protection tech facility customized for the MiFinity network. As a measure of this security strategy, MiFinity customers don’t have to share personal information with online gambling sites, which can greatly cut down the risk of hacking and confidentiality breaches.
Furthermore, in 2019, the payment gateway also introduced 2FA (Two-Factor Authentication). Users with MiFinity accounts that are linked with cards issued within Iceland, EEA, Liechtenstein, or Norway will need to enter an SMS security code each time they sign in to their account or carry out a transaction. However, users will have limited access to their accounts when they don’t use Two-Factor Authentication.
MiFinity is available in several countries of the world. Currently, the payment gateway is not available in 19 countries and states, which include:
- Côte d’Ivoire
- Libyan Arab Jamahiriya
- South Sudan
- Syrian Arab Republic
- United States
- North Korea
Users from the above-listed countries and states can’t use Mifinity. They can have their accounts blocked at any time.
However, MiFinity works in Sweden, which means that players from this country are at liberty to enjoy the secured and easy transaction that the payment method provides. In fact, Sweden customers even have a significant advantage since MiFinity partners with their home country FinTech company, Trustly Group AB. This is a brand that makes e-payments fast online banking secure.
Also, MiFinity online Wallets are readily available for users to use at any time. You can either use the service on iOS or Android apps. Or you can use it via the web using the recent versions of Mozilla Firefox, Google Chrome, or Apple Safari. MiFinity automatically suspends inactive accounts after 365 days of non-use. However, keep in mind that the payment gateway will charge a €1 administration fee monthly.
You can reach the MiFinity support team through live chat, email or telephone. The good news is that their support is available round the clock. However, the best time for English-speaking customers to call is between 9 am and 5 pm daily. In addition, the support team offers account management services, constant account reviews, and implementation planning. You can also find from their sites everything you need to know about Mifinity.
MiFinity, a global payment provider, offers a wide range of efficient and cost-effective end-to-end payment solutions. It has over 17 years of experience in the online payments landscape, with an increasing network of global partner relationships and a best-in-class, highly secure and regulated technology platform. MiFinity has grown into a true ‘omnichannel’ payment service to the global internet payment market. MiFinity and sports betting sites are like five and six as well.
Mifinity works in MGA, Estonian, Swedish and Curacao licenses.
In which casinos does MiFinity operate?
You can use the Mifinity payment method at some casinos that we have reviewed. These casinos include the following casinos:
Finally, about MiFinity
Everything you Need to Know About Mifinity. We will introduce you Mifinity Casinos and Mifinity betting sites which we have checked.