MiFinity’s Background
MiFinity entered the payments market in 2002 with end-to-end processing aimed squarely at the fast-moving needs of iGaming, with an emphasis on low costs and efficiency.
Its growth can be traced through a few turning points:
- 2013: the UK Financial Conduct Authority (FCA) granted MiFinity its first Electronic Money Institution (EMI) licence, allowing it to offer a wide range of payment services and to work with casino operators worldwide.
- Later years: further EMI licences followed in other jurisdictions, including the European Union and Australia, so the company could serve operators in more markets on their own terms.
- 2017: the MiFinity eWallet launched, with a clean interface, fast processing and strong security, and it quickly became the company’s signature product for casino payments.
MiFinity backs its focus on data protection with formal credentials, among them PCI DSS Level 1 compliance and ISO/IEC 27001:2013 certification for information security management.
Strengths and Drawbacks
Here is how MiFinity’s benefits and weak spots compare.
Strengths
- Accepted by more than 500 online casinos
- Licensed and regulated
- Over 500,000 users
- Its own payment app
- Described as a Top Secure Payment Solutions company
Drawbacks
- Fees on payments
Adding MiFinity to Your Cashier
For operators, MiFinity is a full payment gateway that simplifies transactions and their management inside a secure environment. We connect it to your casino through our payments gateway, so it sits in the same cashier as your other methods and goes live without a separate project.
Because MiFinity covers card processing, the eWallet and bank transfers, you can meet a wide range of player preferences. Players who choose the eWallet follow these steps:
- Open a MiFinity eWallet account on the official website and enter the required personal details.
- Verify the account by following the emailed instructions and uploading any identity documents requested.
- Top up the eWallet with a preferred method, for example a credit or debit card, a bank transfer or an alternative payment option.
- Go to the casino’s cashier or payments page and pick MiFinity as the deposit method.
- Enter the amount and follow the prompts to finish the payment securely in the MiFinity eWallet.
Withdrawals to the eWallet are supported too, so players can handle deposits and cashouts in one place.
Coverage
Players in 225 countries and territories can top up a MiFinity eWallet instantly. The wallet also accepts payments in 17 currencies, which removes the need for currency conversion.
Funding Options and Fees
More than a dozen methods can fund a MiFinity eWallet, from CashtoCode and UnionPay to Sofort, Visa, bank transfer and even cryptocurrency. Deposits are processed immediately, and fees never exceed 7% of the transaction, with bank transfers at the top of that range. Card and eWallet top-ups carry a standard fee of 1.8%.
Customer Support
MiFinity’s client services team is always on hand. Users can write to clientservices@mifinity.com and can expect an answer within 24 hours. When MiFinity runs through our gateway, our team also supports you on the integration and cashier side.
Security Measures
MiFinity is fully compliant with PCI DSS Service Level 1, which means its systems are audited regularly. Transactions are protected by current Secure Socket Layer (SSL) technology and by firewalls that separate internal systems from the internet. To cut fraud further, the company has introduced Strong Customer Authentication (SCA) in line with the EU’s Payment Services Directive (PSD2).
Licences
The UK Financial Conduct Authority licenses MiFinity under the Electronic Money Regulations 2011. The Malta Financial Services Authority (MFSA) also authorises it as a Financial Institution under the Financial Institutions Act 1994 (Chapter 376 of the Laws of Malta).
MiFinity FAQ
Which licences and regulations apply to MiFinity?
MiFinity holds an EMI licence regulated by the UK FCA, plus EMI licences in the EU and Australia, so it meets a range of local requirements.
What are the main features of the MiFinity eWallet?
A simple interface, fast processing and strong security. The wallet handles multiple currencies and can be funded by credit or debit card, bank transfer and alternative payment methods.
How does MiFinity protect data and payments?
It is PCI DSS Level 1 compliant and certified to ISO/IEC 27001:2013, which reflects strict data protection and information security practices.
Can MiFinity run alongside other payment methods?
Yes. Through our payments gateway, MiFinity sits next to the other methods in your cashier, and its card, eWallet and bank-transfer services cover a wide range of player preferences.
