This guide is part of our list of the best online casinos in Australia and explains how MiFinity works at casinos, what it costs and how it compares with PayID.
What is MiFinity?
MiFinity is a digital wallet for online payments and transfers. It is run by MiFinity UK Limited, authorised by the UK Financial Conduct Authority as an e-money institution, and Mifinity Malta Limited, authorised by the Malta Financial Services Authority.
MiFinity gives you four things at an online casino:
- One wallet for many casinos: deposit and withdraw at every casino that lists MiFinity.
- Privacy: the casino sees your MiFinity account, not your bank or card details.
- Withdrawals: unlike prepaid vouchers, MiFinity can receive winnings.
- Several currencies: MiFinity supports 18 currencies in one account.
MiFinity serves Australia; the United States is one of the countries it does not serve.
How does MiFinity work at an online casino?
MiFinity sits between your money and the casino. You top up the wallet, pay the casino from the wallet and receive winnings back into it.
- Open a wallet: sign up at mifinity.com and confirm your details.
- Top up: use a debit card, crypto or a MiFinity eVoucher bought in AUD.
- Deposit at the casino: choose MiFinity in the cashier and confirm the payment in your wallet.
- Withdraw: request your winnings to the same MiFinity account.
- Cash out: keep the balance for your next deposit or send it to your bank account.
How fast are MiFinity casino withdrawals?
MiFinity withdrawals usually reach your wallet within minutes once the casino approves them. The approval step at the casino decides most of the wait, and the first withdrawal often waits for an identity check.
Moving money from MiFinity to your bank is slower: MiFinity says to allow 1 to 2 working days for a withdrawal from the wallet. If you want winnings in your bank account the same day, PayID is usually faster. Our list of fast payout casinos in Australia shows measured payout times.
What does MiFinity cost?
Opening and holding a MiFinity wallet is free, but most ways of moving money in or out carry a fee. These are the main charges on MiFinity’s fee page:
Fees as listed on mifinity.com. Withdrawals to a bank account have their own fees, shown in the wallet before you confirm.
Keep your wallet and your casino account in the same currency where you can. Every conversion between AUD and another currency adds a cost.
How do you top up MiFinity in Australia?
Australians can top up MiFinity in four main ways:
- Debit card: Visa or Mastercard, credited straight away. Many banks block gambling on credit cards, so use a debit card.
- Apple Pay or Google Wallet: top up from your phone with a card already in your wallet.
- Crypto: send coins from your own wallet and convert them in MiFinity.
- MiFinity eVoucher: a prepaid code sold online by resellers such as Dundle in A$25, A$50, A$100, A$150, A$200 and A$400 values. The code is valid for 12 months.
Do you need to verify your MiFinity account?
You can use MiFinity straight after signing up, but higher limits need verification. For Australian users, MiFinity asks for proof of identity and a selfie, uploaded in the “Verify Yourself” section of the account.
The casino runs its own check as well. Verify both accounts before your first big withdrawal, so neither check holds up your payout. Our guide to no verification casinos in Australia explains when casinos ask for documents.
Can you claim a casino bonus with MiFinity?
Usually yes, but read the bonus terms before you deposit. Some casinos exclude e-wallet deposits from welcome offers, so a MiFinity deposit may not unlock the bonus.
Check two things in the terms:
- Excluded methods: the terms list any payment methods that do not qualify for the bonus.
- Minimum deposit: top up enough to cover the bonus minimum after MiFinity’s top-up fee.
Our guide to casino bonuses explains wagering requirements and maximum bets.
MiFinity vs PayID vs eZeeWallet
MiFinity, PayID and eZeeWallet are the three fast options that work for both deposits and withdrawals. They differ in where your winnings land and what they cost.
PayID is the simplest choice when the casino offers it for withdrawals. MiFinity is a good alternative when it does not, or when you want to keep casino payments separate from your bank. See our guides to PayID casinos and eZeeWallet casinos.
Is MiFinity safe for casino payments?
MiFinity is a regulated payment company, and the casino never sees your card or bank details. Your money is still only as safe as the casino you send it to.
Three habits keep MiFinity payments safe:
- Protect the login: use a unique password and every login check MiFinity offers, as you would for a bank account.
- Use the same account for deposits and withdrawals: casinos usually pay out only to the method you deposited with.
- Check the casino: a licence you can verify and clear withdrawal terms matter most. Our guide to safe online casinos in Australia shows how.
What are the pros and cons of MiFinity casinos?
Are MiFinity casinos legal in Australia?
MiFinity casinos that accept Australians are offshore sites. The Interactive Gambling Act 2001 bans operators from offering online casino games to Australians, but playing is not an offence for you as a player. ACMA has blocked more than 1,800 illegal gambling websites. Our guide on whether online gambling is legal in Australia explains the rules.
How can you gamble responsibly with an e-wallet?
An e-wallet makes it easy to move winnings straight back into play, so withdraw them to your bank account when you reach the amount you planned to keep. Set a deposit limit in your casino account, and use each casino’s own self-exclusion tool, because BetStop does not cover offshore casinos.
Our guide on how to stop gambling lists the tools that work at offshore sites. If gambling stops being fun, Gambling Help Online offers free, confidential support 24/7 on 1800 858 858.
