Finding a safe and fast payment option is one of the preconditions for an enjoyable online casino experience. If you live in Australia, you may have difficulties moving your funds with credit cards or bank transfers, as these transactions may take days or might get rejected.
One of the best options when using AUD are e-wallets that enable you to settle deposits and withdrawals quickly.
If you are considering which e-wallet may be the best for you, you have come to the right place.
We at Crikey Casinos would like to introduce you to MiFinity, one of the e-wallets available to Australian players. So, please keep reading to learn what MiFinity is and how to use it at Aussie-friendly online casinos.
How to create an account with it? Do transactions processed through MiFinity incur fees? All these questions and more are covered by our complete guide to MiFinity casinos Australia!
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Table of Contents
What is MiFinity?
MiFinity is an electronic wallet you can use to make online casino deposits and withdrawals. Provided by the Irish company of the same name, MiFinity has been around since 2016.
The Malta Financial Services Authority (MFSA) approved the company as a financial institution in 2020. In 2021, more than 200 gambling sites accepted the MiFinity e-wallet as a reliable payment method.
Some of its target markets are Australia, the UK and New Zealand. Australian gamblers can use it to make transactions in the local currency or popular digital currencies like Bitcoin, Litecoin and more.
How To Use MiFinity at Australian Online Casinos
If you have ever used any e-wallet, you will have no difficulty using MiFinity at online casinos Australia. To make casino transactions with MiFinity, you must create an account first and top up your e-wallet. Of course, you will also have to sign up with an online casino that accepts MiFinity. Instead of hunting high and low for it, simply pick one of the trusted MiFinity casinos featured on our website.
Once you register with a MiFinity gambling site, head to the cashier and choose it as a payment option. Log into your MiFinity account and enter the amount you want to deposit. The funds will be transferred to your casino account in a few moments.
Unlike POLi or Flexepin you can use to make casino deposits only, MiFinity allows you to clear your winnings too. The procedure is similar to depositing, with the only difference being that you choose MiFinity as the preferred withdrawal method. Enter the amount you want to cash out, log into your MiFinity account and withdraw the funds.
Set Up a MiFinity Account (Step-by-Step Guide)
So, to use the MiFinity electronic wallet, you need to register first. With one MiFinity account, you can create up to nine e-wallets. If you want to use a separate wallet for online gambling, choose the Gaming category when setting up one.
Here is a step-by-step guide to creating a MiFinity account and wallet.
Step-by-Step Guide to create a MiFinity Account
- Go to the MiFinity official website.
In the top right corner, you will see the Sign Up button. Click on it to start the registration procedure.
- Enter your email and create a strong password.
On the first page of the registration form, you will need to provide your email address and create a strong password. Repeat the password and accept the Terms and Conditions to move forward.
- Create an account.
The next page features the Create Account button you need to click on. The message “Registration accepted” will appear, and you are notified that you will receive an activation email soon.
- Activate your account.
Open the activation email you have received and click on the Activate button. Having activated your account, you will be taken to the login page, where you will be asked to enter your details.
- Create an e-wallet.
Once you have logged into your MiFinity account, choose Australia as the country of residence and AUD as the preferred currency to start setting up your e-wallet. Then, provide your personal and contact details to complete the procedure. Please enter a valid mobile number to receive a verification code for your wallet.
- Set security questions.
The next step requires you to come up with two security questions you can use in case you forget your password and cannot access your e-wallet.
- Verify your MiFinity e-wallet.
The last step you have to take to access your e-wallet is to verify it. The payment service provider will send a verification code to your registered mobile phone number. Use it to log into your e-wallet. You will also be requested to send proof of identity, like your ID card or a bank statement, to verify your e-wallet. Then, get ready to wait for up to 48 hours for the KYC procedure to complete.
Fees for Using MiFinity
The best MiFinity online casinos Australia won’t charge fees on transactions made via this method. However, you will have to pay fees when depositing to your e-wallet or withdrawing funds from it. On the MiFinity website, you will find the fees page, where rates for different banking methods are listed. In some cases, deposit fees can go up to 7.5%.
Bear in mind that the payment service provider also charges a 2.99% conversion fee. Yet, in some cases, exchange rates can vary. Also, if your account has been inactive for more than 12 months, a $1 monthly fee will be deducted from the remaining funds.
Advantages of MiFinity You Can Enjoy as an Aussie Online Gambler
First and foremost, MiFinity enables you to make safe and fast transactions in AUD. If you wish, you can also make transactions in Bitcoin and other cryptocurrencies via MiFinity. When depositing through MiFinity, you can qualify for casino bonuses.
Transactions made with the MiFinity wallet are quickly processed. It takes only a few seconds for funds to be transferred from your e-wallet to your casino account. While MiFinity withdrawals may take up to 48 hours, depending on the casino you choose, they are still faster than cashouts via credit cards or bank transfers. They may take seven days or even more.
Another advantage of using MiFinity at Australian online casinos is that most of them won’t charge fees on deposits or withdrawals you carry out via this e-wallet. In most cases, you will be able to transfer from $10 only up to $1,000, which is a range that suits players on a budget and high-rollers. But, again, deposit and withdrawal limits vary from casino to casino.
Last but not least, if you opt for MiFinity, you will not have to share your sensitive data with the operator. All transactions are externally processed within your MiFinity account, so keep your password secure.
Now, let’s take a look at the pros and cons of using MiFinity at Aussie-friendly online casinos.
- AUD and crypto-friendly
- Supports deposits and withdrawals
- No need to reveal sensitive details to the operator
- Fast transactions
- Available on Android and iOS devices
- Account and wallet verification may take up to 48 hours
- High deposit and conversion fees
Best MiFinity Casino Bonus 2023
You should consider creating a MiFinity account if you don’t have one yet. It will enable you to make quick deposits to the online casino Australia of your choice. The good news is that you can enjoy bonuses from the get-go. While some e-wallets disqualify you from getting welcome bonuses and other deals, when depositing with MiFinity, you can redeem the signup offer and other incentives.
The best MiFinity online casinos offer generous welcome bonuses and packages, sometimes up to $10,000. You can also receive free spins on top to start your casino adventure. Below, you will find a list of the best AUD gambling sites that accept MiFinity and offer hard-to-resist bonuses. Before claiming any casino offer, study the terms and conditions and learn how to turn your bonus into real cash.
|Happy Hugo||1000 AUD and 150 free spins|
|neospin||10,000 AUD and 100 free spins|
|Level Up||2000 AUD and 200 free spins|
|JooCasino||5000 AUD and 300 free spins|
|Lucky Dreams||4000 AUD and 300 free spins|
Yes, online casinos that accept MiFinity are safe as long as they are regulated and licensed by trustworthy regulatory bodies. Look for online casinos Australia licensed in Curacao, Malta and other jurisdictions.
If you are looking for a MiFinity online casino catering to Aussie players, you need look no further. On our website, you will find a selection of casinos vetted by our team of experienced reviewers.
Yes, by depositing via MiFinity, you will qualify for a welcome bonus and other deals the casino you have signed up with offers. Make sure to deposit a required minimum amount to get freebies.
The MiFinity e-wallet lets you make casino deposits and withdrawals in AUD or accepted cryptocurrencies.
While deposits are immediately processed, MiFinity withdrawals typically take up to 48 hours. The withdrawal time depends on the operator you have signed up with and its identity verification procedure.