MiFinity Casinos with Instant Withdrawal (2024)

Even though most casinos offer tons of payment methods, there are some among them which are broadly preferred by players. MiFinity is definitely among the leading ways they choose to deposit and cash out. But why is that? Well, the company provides them with a high level of security and low fees while being able to process their payments very fast. It is also incredibly flexible, as it operates within many countries.

MiFinity is an e-wallet, operated by a British company with the same name. The company was founded all the way back in 2002 in Belfast, Northern Ireland. But the e-wallet also relies on the backing of another firm, called MiFinity Malta, for its EU operations. Both of these are licensed entities, under the laws of the United Kingdom and the European Union, meaning they operate with all the due regard for their local laws.

Being an e-wallet means MiFinity is fairly easy to use. More instructions on how you can deposit with it are available further on, but you just need to add a certain amount of funds you are looking to spend to your account. Then you can deposit from it to any casino which accepts the method directly. This has many benefits. Firstly, cashing in this way can lead to lower deposit fees than if you, for instance, perform a bank transfer, especially if you are dealing with a casino in a foreign country. Also, you have more control of your spending, because the only money you can cash in is what you have deposited to the MiFinity account beforehand. This can be used to better keep track of how much you are depositing. Thirdly, payments from MiFinity reveal less personal information for you, which means you are protected against it leaking.

MiFinity also has some additional features which make it convenient. For instance, if you are a user from the UK or the European Economic Area, you can request a Virtual IBAN. This will let you deposit straight from your bank account to your e-wallet balance with zero fees. The service is free too, which is excellent. Another nice way to use the e-wallet is with the MiFinity vouchers. These can be purchased online at several resellers that are authorized by the e-wallet to sell them. The vouchers can be used to top up your account or as gift cards. They come in various deonomnations – €10, €25, all the way to €250.

MiFinity Fees and Processing times

MiFinity has a full list of its fees available on its website. It outlies what you would be expected to pay in any possible scenario. We greatly appreciate the high level of transparency it provides its clients with. Here is a summary of what these fees can look like:

As you can see, MiFinity has a pretty comprehensive fees structure. Let's take a closer look at each of these types of fees:

• The Deposit fees will be applied any time you top up your MiFinity account. These are by far the most varied fees, and each of the 75+ means of payment the e-wallet accepts comes with its own fee percent. In general, though, the only means of cashing in to the wallet without having to pay its fees would be doing so from your bank account. The Virtual IBAN feature, which we mentioned above, needs to be used to do so. Other than that, the fees for depositing to your account via credit cards are from 1.8%. Depositing from local banks carries a fee of 4.5%, and the highest fee of 5% is reserved for depositing via the MiFinity vouchers we also mentioned in the previous section.
• There are fees for withdrawing your balance from the wallet, which are once again based on the method you are using to cash out. If you wish to retrieve your money and have MiFinity send them to a crypto wallet, you would have to pay them 1.8%. That is a pretty high withdrawal fee, which is not applied to any other withdrawal method. The rest of the fees are flat, and are about as high as €3 at most. Credit card fees are between €1 and €2 for withdrawals, which is excellent.
• The fees for sending money depend on where you are sending the money to. For instance, if you have several e-wallets that you have created with MiFinity, you can send money between each of them for free. If you wish to send money to a friend to their account with the e-wallet, you need to pay a nominal fee of €10 or 1%, whichever is lower. And if you wish to send money to a bank, there is a calculator which you can use, on the website of the payment provider, to see how much you would be charged. The calculator will also take into account the conversion rates if the money you wish to send is in a different currency than the bank account which will receive it.
• Receiving money is always free with MiFinity.  This means there are no fees that the payment provider will charge you if you cash out from a casino to your e-wallet balance. This is great, because the casinos themselves rarely charge you with any kind of fee for withdrawals too. It is very likely that you will simply be able to withdraw to the wallet for free!
• A certain fee is applied for converting money from one currency to another. This is a 2.99% fee, which is a bit high. To help avoid it, you need to make sure the casino you wish to deposit with has the currency of your MiFinity account as a deposit currency. Luckily, the e-wallet itself supports a plethora of different ones, so whether it is the Euro, the Pound Sterling or the Australian Dollar, you can bypass this fee when cashing in.
• Lastly, there is no fee for inactivity, unless you have failed to use your account for 12 months or more. Then and only then will you be charged with a fee of €1, which is pretty small to be honest.

As far as the processing times of this payment method are concerned, they are instant, for both deposit and withdrawal requests. The most they should take is a couple of seconds. Note that you can be playing with a casino which can have an internal policy on how cash in and cash out requests should be processed. That can lead to them taking longer, a couple of hours or even a couple of days. Make sure you are aware of the payment policies of whichever house you plan on playing with!

MiFinity and other payment methods

MiFinity is not the only e-wallet which casinos accept nowadays. Here is a comparison between it and two other similar payment methods:

• The closest comparison with MiFinity has to be the Skrill e-wallet. Both of these are British payment solutions and both are available in a massive number of countries. Skrill boasts it can process payments in 131 jurisdictions around the globe, but MiFinity is actually available in more than 225 countries and territories. This makes it one of the most widespread payment providers in the world. Comparing their fees, Skrill comes up on top, with slightly lower maximum processing fees. Both means of payment are processed instantly.
• AstroPay is an interesting payment method, which is a combination of an e-wallet and a prepaid voucher. You can deposit into your AstroPay account, and can make a virtual card to pay with using the money you have cashed in. Compared to MiFinity, there are no deposit fees, but the service is available in way less countries. Once again, this is an instant means of payment as well.

MiFinity in the news

MiFinity makes the headlines so often that it has reached many important milestones in 2023. Here is a summary of them:

• In April 2023, MiFinity stated it would launch a new app, available for all of its clients. It will have a simple and user-friendly interface while allowing all of the functionality you know, refined to allow for easier and faster payments. There will also be a desktop version of the app, which will let you perform payments with the same ease from PCs.
• Still in April, the company stated it had reached over 500 000 new accounts in the past 12 months. The firm's press release expressed gratitude to its clients, and committed to continuing to earn their trust with its excellent services.
• A key online casino service provider, Quantum Gaming, entered a partnership with MiFinity in June 2023. Their partnership seeks to implement the payment solutions of MiFinity into the infrastructure of Quantum Gaming. For the player, this means you will likel see MiFinity a lot more often when playing with your favorite casinos!

How to deposit with MiFinity?

Cashing in with MiFinity is extremely simple. Here is a step-by step guide:

• First, you need to get an account with the payment provider. That can be done on its website, or you can download the MiFinity app for your Android or IOS device and sign up there. You need to supply the payment provider with is your name and email address. The latter needs to be verified, so make sure you submit an address you have access to!
• Next, you need to create a MiFinity e-wallet. That can be done instantly and freely, and you can select the currency you want the wallet to be in. Want to deposit with two different casinos which accept different currencies? You can easily create multiple wallets, for free! Even if you don't find yourself depositing with different currencies, this will be beneficial if you want to keep track of your spending.
• Once you have an e-wallet, you need to deposit into it. This can be done with one of the 75+ deposit methods MiFinity accepts. You can find a list of all of them on the website of the e-wallet.
• With your wallet loaded up, head over to the deposits page of the casino you are playing with. Select MiFinity as a payment method and log in to your account when prompted. Authorize the payment and enjoy!

What countries is MiFinity available in?

MiFinity is available in a staggering number of countries and territories. All in all, you can use the payment method in over 225 of them, from all over the globe! The wide spread of the payment method means it also accepts a lot of different national currencies. These include the EUR, USD, GBP, but also the AUD and CAD, as well as currencies like the Indian Rupee and the South African Rand.

If you are not sure what casino to play with, MiFinity has two different pages on its website dedicated to the casinos which accept it as a means of payment. The first of them features a list of the houses in alphabetical order, and you can certainly find a casino which accepts players from your country within. The second list is more exciting – it features casinos which have exclusive bonuses for players who deposit using this particular e-wallet. Both lists are regularly updated, and are a great source of information. Even if you already have a casino in mind, you can keep track of them to learn when new ones become available, as well as when the houses start offering exclusive bonuses to players who use MiFinity. This high level of commitment to egaming is not something you would find with any other payment provider, and we are not surprised at all that MiFinity has become as popular as it has, with players and casinos alike!