Best MiFinity Casinos in Australia 2024

It is an e-wallet platform that offers a safe, quick, and convenient way to make instant online deposit and withdrawal operations for Australian players who like gaming. Established in 2002, MiFinity has gradually developed and grown to become a brand that has earned the respect of the world of e-gaming businesses and a variety of industries across several financial lines.

Over time, this service has grown in its clientele base, now being able to serve clients globally, including Aussie casino users who play MiFinity pokies for real money. Take a look at the most important features of this payment method that are worth pointing out:

• Secure fund storage: A user can safely store their funds without being compelled to disclose their sensitive financial details.
• Secure online payments: It ensures efficient online payment transactions with security and privacy, which is especially important for casino players.

Fees

Definitely, one of the key considerations in choosing a payment method when gaming should be fees. MiFinity wallet has been highly competitive regarding fee structure and positions itself as one of the most popular options for online casino platforms. Take a closer look below to find out what you can expect to pay in fees with this service.

Deposit Fees

MiFinity charges a small fee for putting money into your wallet. The exact fee will be based on the funding method you choose to use. As an example, while putting funds via a credit or debit card may incur a fee of 1.8%-4% of the amount of the transaction, bank transfers might come with lower or no fees at all. Always look over the fee schedule on MiFinity's website or the mobile application before making a deposit.

Withdrawal Fees

The service can charge a small fee when users make MiFinity payments from the wallet to their bank profile or another e-wallet. Normally, it should be in the form of a percentage of the sum for withdrawal or as a flat fee, depending on how the request is made. For example, a bank account may attract between 2% and 3% of the transaction amount.

Currency Conversion Fees

Also, if you choose to make transactions in a currency other than AUD, MiFinity may charge a currency conversion fee. This is a small percentage of the transaction amount, usually 2.99%. To avoid this extra fee, make sure to set AUD as your primary currency when opening your account.

Casino Fees

Some online casino venues may charge extra fees if you pick the MiFinity e-wallet method. As these terms vary from casino to casino, it is necessary to go through a gambling site's conditions before depositing or withdrawing. But, of course, first, do not forget that a casino has to be licensed by reputable organisations, such as the MGA, the UKGC, or the Curacao Control Gaming Board. Checking fees comes after this.

Verification

The verification process of the profile has a crucial significance to the requirements of MiFinity in registering an account, ensuring the account is secured and safe according to the standards set by regulators. Below, you can see what you should know about verification procedures.

Identity Verification

Top MiFinity security measures will require you to send an ID copy issued by the government, passport, driver's licence, or national identity card. Of course, it has to be valid and clearly show your name, photo, and date of birth. This is primarily made to verify your identity as required under anti-money laundering laws.

Address Verification

The MiFinity ewallet company also asks its customers to provide proof of their residential address, which should be validated later. They can do this by sending a recent utility bill, bank statement, or any official government document that has their name and address on it. The document has to be dated within the last three months. Such requirements make MiFinity one of the best online payment systems so far.

Note: Sometimes, MiFinity may ask for more documents for validation, like a selfie with the ID or proof of source of funds. This usually happens where high-value online casino transactions take place or if there’s something wrong or suspicious with the information you provide.

Withdrawal Speed

Undoubtedly, one of the greatest advantages of withdrawing money from an Australian casino with MiFinity is the processing speed. Here is what you can expect in terms of speed:

Casino Processing Time

The time the casino takes to process your request varies. Some casinos process their withdrawals within 24 hours, whereas others could take up to 48 hours or more.

MiFinity Processing Time

After the casino has approved the withdrawal request, it will typically process the funds into your profile instantly. This is a key advantage of the service over a bank transfer, which can take several days to deal with the request and money transfer itself.

Total Withdrawal Time

Withdrawals via MiFinity are normally received within 1-2 days. This payment solution counts as one of the fastest cash-out options for Australian casino players to have their winnings transferred.

When choosing MiFinity online casinos for gaming online, it's necessary to consider both the positive and negative sides of it. The SmartPokies team has prepared a table of pros and cons to help you make up your mind and see if MiFinity casino options are good for you.