Canadian players across online casinos have a wide choice of payment methods to choose from, but none as convenient and cost-efficient as Mifinity. This is a global eWallet that has ensured to offer the lowest rates and the fastest processing times to users all across the world, Canadian users included. It is an alternative solution to traditional methods, but one certainly worth a try. What is Mifinity and why choose it as your online casino payment method?
Founded by a UK company with around two decades of experience in processing online payments, Mifinity is an eWallet that was launched in 2002 to serve users across the globe. The company behind it made sure it got it tested and licensed by the UK’s most well-respected financial authority, the FCA, so users can rest assured it is a safe and legit solution for processing online payments.
The thing that made this eWallet such a popular solution and available across the globe is its partnership with the education, travel, insurance, retail banking and construction industries, among others. It is basically offered all over the place, and its credibility continues to strengthen. Its growing global network only continues growing, mainly because of its collaborations, and the fact that it was certified by Union Pay. Add to that the fact that it supports the MoneyExpress remittance program, and you get a solution that easily connects merchants, businesses and users.
Being so widely accepted across so many industries, it should come as no surprise that it is also offered across the online gambling industry. And knowing that it is a global solution, you can rest assured that you will find it across so many Canadian online casinos. It is super-easy to get started with and use for seamless deposits and withdrawals, and that’s why it is one of the top choices for casino players from across the world. Stay with us to learn how to start using it and why to choose it as your online casino payment method.
Getting Started with the Solution
Mifinity functions just like any other eWallet, so if you’ve ever had an account with any eWallet, you’d know what to do. Basically, you’d have to create an account with it and load it with money, to later use it across so many industries and businesses, online casinos included.
As a side note, considering this is a solution with a huge network, you should know that it has launched other products you could use, not only the eWallet. The virtual prepaid card is also a great option for online casino deposits, among other products. These products enable the solution and its partnered banks and local payment services to execute payments faster and better. Thanks to the security it implements, you can rest assured that your money will be safe with it.
Now, let’s get straight to the getting started procedure. As said, you’d need to create an account with it. This means you’d need to go to its official website, which is incredibly user-friendly, or download one of its dedicated iOS or Android apps and start the procedure there. Should you go with one of the apps, you’d need to download them at Apple App Store or Google Play Store, respectively. Either way, you’d need to enter the required personal details, and you’d need to create your username and password. After you’ve verified the account, you’d be ready for the next step, loading the account with money.
You can do that by using any of the worldwide-known payment methods such as MasterCard, VISA, Trustly, Klarna and many others. Do not worry, though, as even though you’ll be sharing credit card or banking details with it, the company will keep those details safe and never share them with the businesses or merchants you’d need to pay at, in our case, the online casinos.
Depositing and Withdrawing
Now that you know how easy it is to get started with it, let’s see where you could use it. Mifinity is actually accepted across most leading Canadian casinos, considering their operators saw its potential. New operators add it to their brands constantly, so the number of casinos that accept it continues growing. So, the first step you need to make is to find yourself a trusted online casino to join. You’ll have plenty of sites to explore, so find the one for you and join it.
From there, to make a deposit with Mifinity, you’d need to do the following:
- Head over to the casino’s Deposits/Banking/Cashier page.
- Locate Mifinity’s logo and press it.
- In the pop-up, log into your eWallet account using your credentials.
- Specify how much you’d like to deposit and confirm the transaction.
- The requested amount will be transferred to your online casino balance in an instant.
Deposits with this amazing eWallet are absolutely instant and as you could see, the procedure is pretty straightforward.
However, the withdrawal procedure is as intuitive. You’d basically need to look for its logo on the Withdrawals page and repeat the same procedure. Once the casino reviews your request and confirms that you have enough money to cash out, it will approve your request. From there, Mifinity will make sure the money is transferred to your eWallet account immediately. The withdrawal process, though, due to some delays that may arrive on the casino’s part, may not be instant but will be pretty rapid, compared to withdrawals with other solutions.
We introduced Mifinity as a cost-efficient eWallet, but that implies that it does charge fees. These fees, however, a pretty low, and that’s one of the main reasons why casino players love using it.
Fees are charged for loading money on the eWallet and cashing out money from it, and depend on the methods you’re using. So, for instance, a 1.8% fee applies if using Bitcoin, Union Pay, MasterCard, Bitcoin Cash or VISA. If using Canadian-friendly methods like Interac Online, Interac eTransfer or Interac Request Money, a 3.5% fee applies, plus a CA$0.75 fee.
With Interac eTransfer or eCashout, the withdrawal fee is CA$4, while with cryptocurrencies, the 1.8% fee remains. Some crypto withdrawal options include Ethereum, Ripple, USD Coin, Tether and of course, Bitcoin and Bitcoin Cash.
In case you’re interested in knowing more about the fees for Canadian methods, you can always check out its official website, and by visiting the Fees page, you’ll find them all.
It should be clear to you by now that the Canadian dollar is among the currencies available with this eWallet. That’s, of course, because this is a global solution, offered to users across the world.
When it comes to other currencies you could use, it goes without saying that the euro, the Australian and New Zealand dollar, the British pound and the Swiss franc are among some of your options. Choosing to use any of these, you’d need to pay a currency conversion fee, of course.
We continue saying that Mifinity is an eWallet accepted across the world. But what does that mean? Well, it means that basically, it is accepted in every country, across all continents, considering it has expanded across 170 countries and territories globally. Canada is, of course, on the list of accepted countries.
On the other hand, the company has transparently displayed the list of countries which are banned or restricted from using the solution. These countries are Libyan Arab Jamahiriya, Afghanistan, Myanmar, Zimbabwe, Nicaragua, Yemen, Liberia, Belarus, North Korea, the US, Iraq, Congo DRC, South Sudan, Turkey, Iran, Cote d’Ivoire, Sudan, Syrian Arab Republic and Cuba.
Mifinity’s official website, as said, is incredibly user-friendly and informative. While on it, you can visit the Help page to get answers to the most commonly asked questions. In case you wish to contact Customer Support directly, you can use the Live Chat Help button on the right bottom of the screen, or go to the Contact Us page. On this page, you will find the on-site contact form where you’d need to enter your first and last name, email and phone number and message the team, and they’ll respond promptly. You can send them an email at firstname.lastname@example.org, too.
Plus, you’ll find the company’s addresses in the UK, Malta and Ireland, where it has offices. And, you have the + 44 28 9587 0100 phone line to use in case you have any complaints.
As you could see, Mifinity is an all-encompassing eWallet you should seriously consider using as a Canadian online casino player. It accepts both fiat and digital currencies, it can be used via desktop and mobile devices, it offers two dedicated apps, it is accepted in Canada and offered by some of the best Canadian casinos, and deposits and withdrawals with it are super-quick. It charges some of the lowest fees out there, so it is definitely the alternative solution you’d need to use as your online casino payment method.
Are there any hidden fees I need to know about when using Mifinity?
No, not really. We mentioned the standard fees for funding your account and cashing out money from it. The only other charge that you may come across is the one you’d need to pay if you don’t log into your account in more than 12 months. For such dormant or inactive accounts, there’s a CA$1 fee per month.
Are there any transaction limits I should be aware of when using the eWallet?
Depending on whether your account is verified or unverified, different transaction limits apply. For unverified accounts, the limit is CA$2,000, while for verified CA$10,000. You could even contact Support to become a VIP user to get bigger limits, but you’d need to provide enhanced due diligence.
Can I open more than one account with it?
Sure thing. In fact, a single person can have up to 9 accounts with it, in different categories. For instance, under one single Mifinity account, you can have accounts in the Gaming and Travel categories active.
Is the eWallet available on social media?
Yes. In case you want to follow its activities and be the first to find out about any news related to the eWallet, you can find it on Instagram, YouTube, Facebook, LinkedIn, and Twitter.
How much does it cost to download the Mifintiy app?
Both the Android and iOS apps are free. You’d just need to download them from Google Play Store and Apple App Store, respectively, and install them on your mobile device to start using the eWallet right away.