MiFinity Casino Payment Solution

Table of Contents

History

MiFinity emerged as a distinguished payment solution provider in 2002, committed to addressing the dynamic demands of the iGaming industry through its cost-effective and efficient end-to-end payment processing solutions.

A significant turning point for MiFinity occurred in 2013 when it obtained its first Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA). This authorisation has enabled the company to offer an extensive range of payment services, positioning it as a trusted partner for global casino operators.

Mifinity logo
Subsequently, MiFinity has expanded its reach by acquiring EMI licenses in multiple jurisdictions, including the European Union and Australia. This strategic growth has facilitated the company’s ability to cater to the unique needs of casino operators across various markets.

In 2017, MiFinity unveiled its eWallet solution, a pivotal development in the company’s history. This advanced digital wallet service has streamlined transactions, offering a user-friendly interface, swift processing times, and superior security features. The introduction of the eWallet has cemented MiFinity’s reputation as a trailblazer in payment innovation within the iGaming industry.

MiFinity’s commitment to quality and security is further demonstrated by its numerous certifications and accreditations, such as PCI DSS Level 1 compliance and ISO/IEC 27001:2013 certification. These achievements illustrate the company’s dedication to safeguarding user data and upholding the highest standards of information security.

Pros and Cons

Take a closer look at MiFinity’s advantages and disadvantages to gain a better understanding of its potential.

Pros

  • Supported by more than 500 online casinos
  • Licensed and regulated
  • More than 500,000 users
  • Proprietary payment application
  • Top Secure Payment Solutions company

Cons

  • Payment fees

How to Use MiFinity in Online Casinos

MiFinity serves as a comprehensive payment gateway that streamlines transactions, simplifies management, and ensures a secure environment.

To integrate MiFinity as a payment solution, you need to reach out to SoftGamings’ sales team and discuss your specific requirements. Through our unified API integration, you can have MiFinity implemented into your platform in record times. Thanks to the provider’s extensive range of payment services, including card processing, eWallet, and bank transfers, you’ll be able to cater to the diverse preferences of your users.

Casino players can rely on MiFinity’s eWallet for a convenient and secure way to manage funds. To utilise the MiFinity eWallet, users should follow these steps:

  1. Register for a MiFinity eWallet account on the company’s official website by providing the necessary personal information.
  2. Verify the account by following the email instructions and providing any required identification documents.
  3. Fund the eWallet using a preferred payment method, such as credit/debit cards, bank transfers, or an alternative payment option.
  4. Navigate to the chosen online casino’s cashier or payment section and select MiFinity as the desired deposit method.
  5. Input the deposit amount and follow the on-screen prompts to complete the transaction securely through the MiFinity eWallet.
MiFinity eWallet supports cashouts as well, which makes it a one-stop shop for all casino players.

Regions

Instant top-up of MiFinity eWallet is available in 225 countries and territories worldwide. Additionally, the payment method accepts payments in 17 different currencies, eliminating the need for currency exchange rates.

Payment Methods

MiFinity lets users top up their eWallets using over a dozen different payment methods, from CashtoCode and Union Pay to Sofort, Visa, bank transfer, and even cryptocurrency. The deposits are processed immediately and incur fees that do not exceed 7% of the transaction. Note that the biggest charges come from using bank transfers. The standard fees for card and eWallet payments are 1.8%.

Customer Support

MiFinity has a handy customer support team that assists users at all times. You can send them an email at clientservices@mifinity.com and receive a reply within 24 hours at the latest. Naturally, by integrating MiFinity through SoftGamings, you get access to SoftGamings’ client support system and round-the-clock live support.

Security

MiFinity is fully compliant with PCI DSS Service Level 1 regulations, which guarantee that their systems are regularly audited and completely secure. All transactions are protected by the latest Secure Socket Layer (SSL) technology and firewalls that build an impenetrable barrier between the internet and internal systems.

Recently, the provider has introduced Strong Customer Authentication (SCA) in line with the Payment Services Directive (PSD2) by the European Union in an effort to reduce fraud.

Licenses

MiFinity holds a license from the UK’s Financial Conduct Authority under the Electronic Money Regulations 2011. It is also authorised by the Malta Financial Services Authority (MFSA) as a Financial Institution under the Financial Institutions Act 1994 (Chapter 376 of the Laws of Malta).

FAQ

Which licenses and regulations apply to MiFinity?

MiFinity is regulated by the UK’s FCA and holds an EMI license. It also possesses EMI licenses in the EU and Australia, thus ensuring compliance with various local regulations.

What are MiFinity eWallet’s main features?

MiFinity’s eWallet provides a user-friendly interface, fast processing times, and robust security. It supports multiple currencies and funding methods such as credit/debit cards, bank transfers, and alternative payment options.

How does MiFinity secure user data and transactions?

MiFinity maintains PCI DSS Level 1 compliance and ISO/IEC 27001:2013 certification, demonstrating adherence to strict data protection and information security management practices.

Can operators integrate MiFinity with other payment solutions?

Yes, MiFinity can be integrated with existing payment options through the SoftGamings API platform. It offers a comprehensive range of services, catering to users’ diverse preferences and ensuring secure transactions.

You can purchase this product from SoftGamings by contacting our consultants.

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