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MiFinity is an electronic wallet created in 2016. It is owned by a private company called MiFinity Limited, based in Belfast, Northern Ireland. Aside from that, the e-wallet service has thriving regional offices in Malta and Dublin.
The payment service is an efficient and cost-effective solution that operates in more than 30 countries, including Australia. Even though there is no information about registered customers, MiFinity is quite popular in iGaming.
The company has valid licences including one from the Malta Financial Services Authority (MFSA). These licences approve MiFinity as a global financial institution.
To bring about anonymity, the payment service rolled out the MiFinity eVoucher in 2021. Users can purchase easily the prepaid voucher on Dundle. This way, MiFinity is among the few e-wallets with prepaid vouchers for easy casino top-ups.
Yet another innovative service introduced by the company is the MiFinity Virtual IBAN. The new service lets you obtain IBAN for free. You can then connect your IBAN to your e-wallet for direct top-ups from a supported bank account.
Currently, MiFinity supports more than 40 Australian payment methods as well as 11 popular currencies. The payment service is, unsurprisingly, popular in Australia considering that Aussies don’t have many reputable solutions.
Due to MiFinity’s popularity in the country, more online casinos are adding it to their cashier menus. You will find it at almost all gambling sites in AU. We will look at some of the most reputable Australian casinos in subsequent sections. Make sure to read on to get a rough idea of how they operate.
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Golden Crown Casino Review
With a broad selection of games, it is no surprise why Golden Crown casino is top-rated. It was established in 2020 and has since then grown in popularity.
The gambling site packs more than 1300 enjoyable games from leading developers. These games include pokies, blackjack, roulette, live dealer games, and video poker.
Golden Crown is approved and certified by the government of Curacao. Based on various assessments, we can confirm that the casino is safe and reliable.
The gambling site supports a vast range of payment methods. Currently, you can make deposits using e-wallets, credit/debit cards, wire transfers, and prepaid vouchers. For withdrawals, you can also use these methods except for prepaid vouchers.
Golden casino processes cash-out requests within 2 business days. E-wallets like MiFinity are ideal for quicker payouts at the casino.
The minimum deposit amount accepted at Golden Crown Casino is AUD 10. Also, you will have to stake the amount at least thrice before you can cash out winnings.
Skycrown Casino Review
Looking for a gambling site with a broad selection of games to choose from? Sky Crown Casino is exactly what you are looking for. The gambling site opened its virtual doors in 20022. As such, it is fairly new in the business.
Despite its short period, the casino has established itself as a swift payout gambling site. Consequently, Sky crown casino has gained a large user base globally.
Currently, the casino has a catalogue of over 6000 games to pick from. These include craps, poker, pokies, roulette, and table games.
Sky Crown casino accepts a wide range of banking solutions. At the casino, deposits and withdrawals can be made through MiFinity, Visa, Mastercard, Skrill, and Paysafecard
The minimum deposit amount accepted at the casino is AUD 30. Note that you will have to wager the initial deposit at least three times before requesting a withdrawal.
Neon54 Casino Review
Online since 2021, Neon54 is among the newest additions to the Rabidi N.V. family. The gambling site is inspired by the popular nightclub called Studio54.
It has a pretty outstanding selection of casino products from over 40 top-tier developers. At the casino, you can take advantage of various bonuses and promotions that improve gameplay.
Neon54 Casino is fully licensed by the government of Curacao. For this reason, you can rest assured that the casino is pretty reliable and safe. In fact, this could explain why it has an 8.6/10 trust score on Trustpilot.
Neon54 Casino currently offers more than 3000 games in its portfolio. You can play video pokies, poker, Megaways pokies, and table games. This way, the casino caters to different tastes.
A majority of the games offered are mobile-friendly. Therefore, playing on the move becomes easy.
Neon54 Casino accepts various payment methods for deposits and withdrawals. These include MiFinity, Skrill, Visa, MasterCard, Bitcoin, and Paysafe.
Abo Casino Review
For most Australian gamblers, Abo Casino is a popular name. The casino is a fan favourite because of its exciting game portfolio. For this reason, expect to have a fun gambling experience.
The casino first burst up on the online scene sometime in 2021. This makes it one of the newest online casinos in the country. Abo Casino is operated and owned by Hollycorn N.V, a parent company to many other casinos.
In such a short period of operation, Abo Casino has gained a massive customer base. Currently, the casino operates in more than 30 countries worldwide, including AU.
Abo Casino is registered and overseen under the laws of Curacao. This way, you are certain of provably fair and safe games.
At Abo Casino, Aussies get to enjoy more than 1500 casino products. Moreover, most of the titles offered are mobile-friendly. This way, playing on the go is easier.
The casino accepts both fiat and cryptocurrencies. Therefore, Australian players can utilise MiFinity among other methods to play their preferred games. This provides a lot of convenience and flexibility when transacting.
LevelUp Casino Review
With 3000+ pokies and table games, Level Up casino is a fast payout casino. It accepts players from Australia and also accepts MiFinity payments. Level Up went live in 2020, promising to take the fun to the next level.
The casino’s operations are managed by Dama N.V. Notably, the latter runs several other brands, some of which we’ve reviewed here. Like its sister sites, Level Up Casino works under a license from the Curacao government.
In the games section, this casino works with both large and small-scale game developers. This makes sure that players get as many games as possible. It also ensures diversity in game mechanics, themes and storylines. The overall result is a well-equipped game arsenal.
For deposits and withdrawals, Level Up accepts various payment gateways. From credit cards to bank transfers and e-wallets like MiFinity, this casino has them all. The best part is that some of the options are available in Australia.
For MiFinity, the least accepted deposit is AU$15 and so is the minimum withdrawal amount. But if you choose to cash out via bank transfer, the least possible amount is AU$150. With MiFinity, you should expect your money within a day or two.
Setting up a MiFiity account is pretty simple and should take no more than 10 minutes. To use it for casino deposits and withdrawals, follow these steps:
Visit the official Website
The first step is to go to www.mifinity.com and click on the Sign-Up button. You’ll find it in the top-right corner of the homepage.
Enter your email address and preferred password.
Thereafter, click on the Create Account button. The site will inform you if the account creation is successful or not.
Confirm the email address provided
The next step is to head to your mailbox where you will find an activation email. The mail will contain a link that must be opened within 24 hours to complete the sign-up process.
Upon opening the link, you will be redirected to the login page where you must input your credentials to access the account.
Create an e-wallet
Now that you have a MiFinity account, you can proceed to create an e-wallet. Note that you have to specify the currency and e-wallet category that you wish to create. This is also where you will enter your full name, phone number, date of birth, and residential address among other details.
Next up, you will set your security questions and answers that may help later in case you have to recover your account.
Verify your account
To verify your e-wallet, you have to input the verification code sent to the phone number provided Also, there may be KYC checks that help prove your identity. You will have to be patient as the verification procedure takes place.
There are currently no fees charged when creating a MiFinity account. However, you will be charged some fee when topping up or cashing out from your e-wallet. Note that the fees imposed largely depend on the choice of payment method.
Depositing funds to your e-wallet using traditional payment solutions costs way less. However, you will have to wait a lot longer for your funds to reflect. You will be charged anywhere between 1.8% and 4% if you use Visa or MasterCard to top up your wallet.
MiFinity supports bank wire transfers as well. Unless you use Sepa Bank Transfer, which is free, be ready to incur some transaction fees. The charges range from 1.8% to 4.5% of the amount transferred. Such transfers also take up to 24 hours to reflect, which can be inconvenient.
Aside from bank cards and wire transfers, MiFinity supports deposits made through cryptocurrencies. Topping up using Bitcoin and other cryptos will set you back 1.8% of the amount.
MiFinity eVoucher is yet another popular top-up method. For Aussies, a fee of 4% is imposed on every voucher transfer which is cheaper than in many other jurisdictions.
When it comes to withdrawals from a MiFinity account, you will be charged fees based on the payment method. For crypto and e-wallet withdrawals you will be charged between 1.8% and 4.5%. If you choose Visa and MasterCard, you will incur between AUD 1 and AUD 2.
Sending money to other MiFinity wallets is not free either. You will be charged a maximum of AUD 10 per transaction. To compensate for these charges, MiFinity does not impose fees on funds received.
Additionally, your account is free for personal use. However, failure to sign into it for a year renders it inactive. You will also be charged AUD 1 for every month of inactivity. For more information, check out the detailed transaction charges here.
Every payment method has its strengths and weaknesses. MiFinity is no different in this regard. The following are the notable benefits and drawbacks of using MiFinity.
Comparison between MiFinity and alternative methods of payment.
Among the most secure online payment methods in Australia is Apple Pay. In the last decade, the payment solution has become quite popular among gamblers in AU.
It offers safer and faster transaction speeds compared to many payment methods. As such, it is an excellent modern payment method linked to gamblers’ phones.
A vast majority of online casinos in Australia now accept Apple Pay for deposits. The need for faster and more convenient methods of payment has occasioned this.
Currently, almost all gamblers that play on their iOS devices use Apple Pay to make deposits. At your casino of choice, just look for the Apple Pay logo to know if it’s accepted.
One of the most popular e-wallets used for making deposits is PayPal. It is also the first ever electronic wallet in the world. It utilises a very basic principle that helps in ensuring fast and safe online transactions.
The e-wallet was created in 1998 and has since then remained very popular among Aussies. As a result, the payment solution has won several awards over the years.
PayPal is also available for online casino withdrawals among other services. With it, you can receive your payouts in under 1 hour if you play at a fast withdrawal casino.
Additionally, PayPal allows you to fund your e-wallet using various payment methods. These include bank cards and wire transfers. This way, you get much-needed convenience when playing online.
Yet another easy-to-use banking solution is Google Pay. It is primarily designed for use on Android mobile devices. It works similarly to Apple Pay, which is designed for iOS devices.
At the time of creation, it was not very popular among gamblers in AU. However, it has since caught on and is one of the most used banking solutions in the country.
Many people use Google Pay for various reasons including online gambling. To get started with Google Pay, you only need to create a Google account. Afterwards, Google Pay lets you link your bank account for casino top-up and withdrawal services.
Based on our assessments, we can confidently recommend MiFinity to Australian gamblers. The payment service is excellent on various fronts. As a result, it outdoes several competitors in the business.
We were especially fascinated by the company’s approach to security. Aussies can use the payment service with much-needed peace of mind.
Aside from that, the payment service has various security measures to safeguard user data. For instance, it uses the latest 128-bit SSL encryption technology. Hackers will definitely find it hard to find their way into the system.
This adds an extra layer of security to protect users from breaches and data leaks. Overall, MiFinity provides unmatched safety when it comes to user data.
Concerning account creation, MiFinity does not disappoint. It features a simple and straightforward signup process. Notably, you will need no more than 5 minutes to get started.
However, KYC verification may take up to 48 hours to complete.
The other selling point about MiFinity is its speed of transactions. Casino deposits are processed almost immediately. This way, you get to play your favourite games conveniently.
On the other hand, withdrawal speeds depend largely on the casino of choice. If the casino approves payouts faster, you should receive your funds quicker.
Upon approval of a payout request, MiFinity will process the transaction instantly. Also, the withdrawal fee imposed by MiFinity is comparably low. One only notices the difference when they compare MiFinity to other solutions in the business
Aside from Australia, MiFinity is available in more than 180 countries. As such, Aussies can still use it when they visit unrestricted countries. Moreover, it supports a plethora of currencies to pick from.
The company is licensed in various jurisdictions. These include Northern Ireland where it is headquartered and Dublin. The payment service is also licensed by the Malta Financial Services Authority. This way, it works independently of the Australian government.
Yes, MiFinity offers users currency conversion services at a fee. Currently, the conversion fee is 2.99% of the amount. As such, the larger the amount to be converted, the higher the fee. Most importantly, note that the charges are deducted without notifying you.
Yes, MiFinity is available in more than 180 countries including Australia. This way, Aussies can enjoy all services rendered without limitations
Transaction speeds are quite important when it comes to iGaming. Luckily, MiFinity understands this need. For this reason, it processes casino deposits almost instantly.
Regarding cash-outs, it all depends on how fast your preferred casino processes requests. MiFinity prides itself on speedy withdrawal speeds as well.
Yes. When it comes to overall safety, MiFinity is quite excellent. It employs the latest SSL encryption technology to protect users. Additionally, it has sophisticated firewalls that provide an extra layer of security.
Yes, MiFinity can be used to make casino deposits and withdrawals. Moreover, the fees charges are relatively small considering the speeds you get in return.
Petter is passioned about fair gaming and online casinos. He reviews the deposit, verification & payout times of each of the casinos at fast.bet manually.