MiFinity UK Limited, commonly known as MiFinity, was established in Northern Ireland in 2002. It has its headquarters in Belfast and regional offices in Dublin and Malta. The platform is now available in more than 170 countries and more than 17 languages.
The provider is authorized to issue electronic money by the FCA (Financial Conduct Authority) under the Electronic Money Regulations 2011. Furthermore, UnionPay International, a Chinese financial services corporation, has certified the company to issue and manage prepaid virtual cards.
It can also provide acquiring services, enabling the Money Express remittance program, which is available in more than 40 countries. Given this, MiFinity may be the ideal answer for people seeking a diverse range of payment methods in live casinos.
Several Payment Options Available
Live games in the market are rapidly evolving in live casinos, and players require a payment option that is quick, secure, and adaptable. MiFinity has become one of the safest solutions for punters. It also allows them to save money on cashouts by spending their winnings online. But to do so, they will have to avoid cashing in their cards and instead use their e-wallet to pay for services and items.
Users can create up to nine distinct wallets in MiFinity, which span a variety of industries like gaming, e-commerce, and travel. This makes it simple for gamers to create and keep budgets. Also, if a user has a MiFinity account, they can transfer money directly to a friend or family member's account. One only has to enter the recipient's account number or registered email address to accomplish this.
MiFinity makes it simple for users to create a base account. Anyone can sign up for free with a valid email address and password by clicking on the "sign up" link at the top of the homepage. Within 24 hours of receiving the email, they will receive a link to activate the account. A verified account, however, takes a little longer to set up. It has a typical verification time of 24 to 48 hours.
Applicants must submit digital proof of identification and address to register a verified account via the profile page. A valid passport, driver's license, or identity card are all acceptable forms of identification. Utility bills, bank accounts, or government letters sent within the last three months can be used as proof of address.
How to Make a Direct Deposit with MiFinity
Top live casinos allow users to fund their accounts with MiFinity. By selecting the "deposit" tab in the wallet. Payments are made immediately into the MiFinity eWallet of their choice. Money can also be deposited via the popular Visa, MasterCard, and UnionPay credit cards, as well as local banks. All these have to be linked to the MiFinity account. The payment provider has also become one of the very few systems to support Bitcoin and Bitcoin Cash.
The Daily Limit for MiFinity
There are no daily limits for users at any MiFinity casino. There is a general transaction limitation, however. While users do not have to verify an account, verified users can make transactions worth up to €10,000 ($11051) in a year. Unregistered users can only make transactions of €2,000 ($2210) for the same period.
After reaching the limit or 365 days have passed, they will be required to validate their account. Users should be aware of these limitations and make their decisions wisely. Also, some live casinos may have their own deposit limits for users, and one should always confirm with them.
MiFinity does not charge a fee if a user activates 2FA to log in to their account and performs a transaction. However, some network providers may impose an additional fee, so it is advisable to always check with them beforehand. Deposit fees for Visa and MasterCard cards issued within the European Economic Area are typically 1.8 percent of the transaction. They are subject to a 2.5 percent fee outside of the region.
Deposits in local banks are frequently more expensive, with some banks charging as much as 6.7 percent for online payments. Others levy a fee of around 3.5 percent plus €0.35 per transaction. With such a wide range, it's usually a good idea for punters to double-check deposit costs for the preferred payment option on the payment provider’s website. Withdrawals can also be made using the same banks. But users should first contact a local agent because this will need to be set up as an internet transfer with the bank.
MiFinity is a legitimate payment solution with a solid reputation for security. This is a globally recognized payment gateway that has been validated and accredited by all security protocols. Scammers cannot take advantage of the payment service's users. MiFinity boasts cutting-edge security and fraud-prevention technology. It complies with PCI DSS Service Level 1 requirements, and the eWallet is secured using SSL technology.
Strong Customer Authentication (SCA) was also accepted, which is completely in line with the Payment Services Directive (PSD2), a new European safety standard that aims to cut down on fraud and keep online payments safe.
Extra Security Features
MiFinity has also partnered with top software providers to create a cutting-edge security and protection technology infrastructure specific to the MiFinity network. As part of this security plan, MiFinity users are not required to provide personal information to any MiFinity casino online. This significantly reduces the danger of data breaches and hacking.
Two-factor authentication was also launched by the provider in 2019. When activated, users are required to provide an SMS security code every time they log into their account or complete a transaction for accounts tied to their cards. Dormant accounts are closed automatically after 12 months of inactivity. A monthly administration cost of €1 will be issued before they are terminated.