MiFinity wallet is a UK based company that has operated for 18 years with offices in Dublin and Malta while its headquarters are in Belfast. The wallet can be used for payments in many sectors like travel, airlines and of course, gambling. MiFinity betting sites offer multiple privileges to gamblers, like an under the radar activity, combined with quick and safe transactions.
Funding your wallet in many ways and an easy to use app for smartphones and tablets are hard to pass. Users can also transfer an amount to another person in 21 different currencies and 170 countries. In the following MiFinity review you will find more information such as:
- An up-to-date (2023) list of MiFinity bookmakers
- How to use it when betting online
- All the pros and cons
Top MiFinity Bookmakers (2023)
Instant deposits and player to player transfers are some of the main perks when using MiFinity for online betting. Υou can check the top-rated bookmakers that accept MiFinity in our list below.
Why should you bet on MiFinity bookies
MiFinity comes with many benefits for the players. Some of them are quick and safe transactions, eligibility to claim any promotion and an easy to handle mobile app.
Under the radar activity: For many bettors is crucial to keep their activity hidden. MiFinity bookmakers offer this possibility and this could be considered a great asset.
Available in many countries: Currently, the payment operates in 170 countries and territories. Bettors need to use their funds easily in any place in the world.
Accepting multiple currencies: By this time, 21 different currencies are supported and this helps users bet in their local currency and avoid extra fees. AUD, CAD, CHF, CZK, EUR, GBP, NZD, PLN, RON, SEK and USD are among them.
Top security features: Entering your password to open your wallet, SSL encryption, Two-Factor Authentication, Fingerprint and FaceID ensure that your transactions are always safe.
Multiple ways to fund your wallet: It is essential to fund your wallet in many ways. Visa, Mastercard, Union Pay, Bitcoin, Trustly and Klarna are only some options players can use.
P2P transfers: When players both hold a MiFinity account can send any amount to each other. Even if the two holders are in a different country, the transaction is again available.
Mobile app: Being able to bet when on the road is also an important feature. MiFinity app allows bettors to deposit on their favourite bookies from their smartphones or tablets. The app is available for free on Google Play Store for Android 5.0 and higher or Apple Store for iOS 11.0 and above.
Drawbacks of betting with MiFinity
There is no perfect payment and MiFinity is not an exception. High fees on specific transactions and low limits are the main disadvantages of using it for online betting.
❌ Not many bookies accept it: We talk about a payment that has been operating for 18 years, and still, in many countries, it could be challenging to find MiFinity bookmakers.
❌ Fees on your non-gambling transactions: It is free to deposit and withdraw an amount from bookies. Although fees apply on any other transfer and in some cases, charges are high.
❌ Inactivity fees: If your account remains inactive for 12 months in a row, it will be suspended and also you will be charged €1 per month as an administration fee.
❌ Low transaction limits: Considering a drawback for high rollers, even after verifying your account, the limit on your transfers is £10,000 per year.
❌ Slow withdrawals on your bank account: Payouts from your betting account to your wallet commonly take place in less than 48 hours, depending on the bookie. However, if you withdraw an amount from your wallet’s balance to your banking account, you will have to wait for several business days.
Now we have seen all the pros and cons of betting with MiFinity. Keep reading to learn why it is legal and safe to use it for online gambling, how to deposit and proceed with a payout, the fees and the possible limits and how it compares to other payment methods.
Is MiFinity betting legal and safe?
MiFinity, formerly known as NWSystems LTD, is certified by Union Pay International and holds a UK Financial Conduct Authority (FCA) and the Malta Financial Services Authority (MFSA) license. It is totally legal for any bettor to deposit through it when betting online.
When you bet on MiFinity bookies, you don’t have to worry about safety. The company uses SSL & PCI Compliant Technology and a Two-Factor Authentication to secure the payments. Also, there is a cooperation with FourStop GmbH, one of the global leaders in online fraud prevention. An extra layer of protection was added in 2019 since the company uses Strong Customer Authentication (SCA). Users can choose to put additional security steps like Fingerprint or FaceID.
How to deposit on MiFinity bookmakers
It is a pretty simple procedure to deposit on MiFinity gambling sites. All you have to do is to follow the upcoming steps after you create your wallet:
- Visit your desirable bookie
- Select the ‘Deposit’ option
- Choose MiFinity as your deposit method
- You will be redirected to your wallet, where you have to enter your details
- Enter the amount you want to deposit
- Confirm the payment by completing the security procedure
That’s it. The amount will be available almost immediately to your betting balance.
Can I withdraw from MiFinity betting sites
Proceeding with a payout is also quick and smooth. Follow the next steps and withdraw your winnings without any issue.
- Enter your betting account
- Click on the ‘Withdraw’ button
- Choose MiFinity as your payment method
- Fill in the amount you want to withdraw
As soon as you do that, you will receive an SMS on your registered phone. Proceed with the two-step authentication procedure and finalize the process. The amount will be on your wallet balance within two days.
Fees and limits
Depositing an amount to MiFinity gambling sites and also withdrawing your winnings comes for free. However, when you send money to your wallet, there is a charge of 1% and the maximum fee amount could be €1. Withdrawing an amount from your wallet also applies fees, but charges depend on where you will send your money; on a bank account or to a debit/credit card. In the last case, fees also depend on your country. If your local currency is not supported, there are extra 2.99% exchange fees. Finally, as we have mentioned before, when your account is inactive for 12 months, after that, there is a charge of 1€ per month as an administration fee.
In most MiFinity sportsbooks, the minimum deposit is €10 and the maximum is €5,000. The exact limits typically apply to payouts. At the same time, there are transaction limits when you have an unverified account. In this case, users can transfer no more than €2,000 per year. After verifying your account, the limit goes up to €10,000 per year.
Gambling with MiFinity is available in more than 170 countries since we talk about a payment method that has operated for 18 years. However, there are some areas where the payment does not operate and you can find them on the following list:
Afghanistan, Belarus, Congo (DRC), Côte d’Ivoire, Cuba, Iran, Iraq, Liberia, Libyan Arab Jamahiriya, Myanmar, Nicaragua, North Korea, South Sudan, Sudan, Syrian Arab Republic, Turkey, United States, Yemen, Zimbabwe.
MiFinity compared to other payments
MiFinity is a fair solution for many gamblers and comes with many privileges. However, bettors always need to have an alternative and we will inform you about other payment methods that match up MiFinity’s disadvantages.
MiFinity vs Sticpay
Sticpay is a wallet that was launched just in 2018. It has become prevalent in Asia since most transfers come from that area. There are multiple benefits for bettors who choose to deposit on Sticpay bookmakers. Instant transactions, eligibility to grab a welcome bonus, under the radar activity and availability to play in your local currency are some of the primary keys. Still, the payment is considered new and not many bookies accept it, while extra fees apply when you withdraw money from your wallet to a bank account.
MiFinity vs Qiwi
Qiwi is another wallet most known among Russian bettors and in Eastern Europe. The payment has over 42 million active accounts and has become more and more popular. Qiwi bookies offer quick and safe transfers since the level of security is high. Also, gamblers can keep their activity hidden from local authorities. On the other hand, there are high fees for using the Qiwi card and not many currencies are supported.
MiFinity vs Skrill
When we talk about Skrill, we discuss one of the most famous wallets for online betting. Created in 2001, it currently belongs to the Paysafe Group, the payment doesn’t need any introduction. Worldwide acceptance, under the radar betting and fast transactions are only some of the advantages of Skrill betting sites. Nonetheless, like any other payment, Skrill comes with some drawbacks. Most of the time, users are not eligible to claim any offer when at the same time, Skrill prepaid Mastercard is available only for account holders from the EEA (European Economic Area).
MiFinity has been around for 18 years but only lately has it become popular among bettors. MiFinity bookmakers allow gamblers under-the-radar betting, swift and easy transfers and the possibility to claim offers and promotions. Still, it could be challenging to find bookies that accept MiFinity. Moreover, multiple fees and limits on transactions could make some bettors reconsider using it.
To sum up, MiFinity betting sites are a notable option for low and medium budget bettors. Player-to-player transfers, multiple ways to fund your wallet and an innovative app make it an attractive choice. However, limited availability at bookmakers is a significant downside. So, it could be a fair solution for recreational players; but for high-rollers, we recommend other wallets such as PayPal or Skrill.
Complete list of MiFinity bookies
Under the radar activity, quick transactions and eligibility to claim any new offer and promo are the main assets when gambling with MiFinity. Check the full list of bookies that accept it and choose the one that better suits your needs.
There are many ways to fund your wallet and this is one of the main assets of the payment. You can use your debit/credit card, an open banking system like Trustly and Klarna or other local payments like a bank transfer.
The company has a cooperation with 4Stop, one of the most known companies regarding fraud prevention. Also, a two-step authentication procedure ensures that your transactions are always safe.
A significant advantage of the payment is that it allows players to proceed with a payout. Bettors don’t need to search for an alternative and pay extra fees.
There are no fees when you deposit on a bookie or proceed with a withdrawal. However, fees will apply when you fund your wallet or if you want to send an amount to your bank account. These charges depend on the payment method that you choose and on your region.
You can contact the customer support team of MiFinity in two ways. The first one is to send an email to email@example.com and the second one to call on +44 28 9587 0100. Seventeen languages are available to contact the team.
The answer is yes. Unlike other wallets like Skrill or Neteller, with MiFinity, you are always eligible to claim a welcome bonus or any other offer and promotion.