Best MiFinity Online Casinos in Australia

• Available since: 2002 (MiFinity eWallet in 2018)
• Deposits: Available
• Withdrawals: Available
• Overall speed: 24 – 48 hours for withdrawals
• Availability in casinos: Frequent

MiFinity isn’t a trendy and viral new option that popped up overnight. The company behind it has been around since 2002, working in online payments long before the iGaming industry boomed. When they realised that their payment system could join and integrate the iGaming scene, they created the MiFinity eWallet in 2018.

The rest is history – the company focused on casinos, sportsbooks, and other high-risk industries where traditional banks aren’t the best option. And actually, for casino players, that’s the main selling point. MiFinity promises fast deposits and reliable withdrawals, and also supports multiple currencies, including, of course, Australian dollars.

Casinos like it because it comes with regulatory-friendly rules, and players like it because it keeps their bank details out of casino databases. Everybody wins, pun intended.

To deposit at a MiFinity Casino, you should first have a positive balance in your eWallet. As mentioned, you can do this by using a variety of top-up methods (more than 80, but not all are available for Australian users), including the MiFinity eVoucher.

When it comes to deposit limits, there are two sides of the coin to be aware of – the casino’s limits and MiFinity’s internal limits.

Let’s focus on the internal limits first: the amount you can transact with this eWallet depends on your verification status. Unverified accounts are capped at only 150 EUR (circa A$257) in a 365-day period.

The next verification level, called Identity, allows you to transact up to 20,000 EUR (~A$34,300). The VIP MiFinity account verification is the final tier and will increase the limits to the maximum at the company’s discretion, but at this point, the casino’s limits would matter more.

Limits that depend on the MiFinity casinos are usually in the following range:

• Minimum deposits usually start at A$10 – A$20, though some sites set it slightly higher (e.g., A$30)
• Maximum deposits can range all over the place, often above A$5,000 per transaction, depending on the casino

Good news: MiFinity works almost always for casino bonuses. When you deposit at MiFinity online casinos in Australia, you can usually claim welcome bonuses, reload offers, match bonuses, and free spins without any restrictions. That already puts it ahead of some other eWallets in my book, which tend to get blocked from claiming promos altogether.

Yes, I’m talking about Skrill and Neteller, so don’t worry, MiFinity doesn’t come with the usual “X depositors can’t claim the welcome bonus”. In most cases, you deposit, the bonus triggers, and you’re good to go.

That said, don’t expect a MiFinity-exclusive bonus at casinos. Most offers you can claim with this eWallet are standard casino promos. But I did find out that MiFinity runs its own promo period from time to time, during which partner casinos list extra offers you won’t always see in the main promo section. So, I’d say it’s worth a quick check now and then.

Note from Australian Gamblers: I haven’t checked every active MiFinity casino for Aussies; that’s virtually impossible. My point is, you might come across a casino that restricts certain bonuses even with this payment method. It’s rare, but it can happen, so a quick glance at the bonus terms before you deposit can save you a headache later.

Yes, MiFinity is a good option, but, like anything in gambling (well, in life too), it’s not perfect. Here are the summarised benefits and drawbacks of this eWallet, so you can decide whether it works for you.

I spent a good amount of time playing at MiFinity online casinos in Australia, so I’ve learnt a few smart tips the practical way.

• Do the verification upfront, even if you still haven’t scored a big win and you don’t need those higher MiFinity withdrawal limits. It is best done this way to avoid delays when it actually comes to withdrawing more money.
• Keep some funds in your MiFinity eWallet between sessions. Why, you ask? Well, if you are doing all the steps, transferring from a bank or card to MiFinity and then to your casino account, you always have an extra step before you want to play. Load up your eWallet when you’ve got time, and casino deposits become instant.
• Never forget to check the deposit and withdrawal limits at the MiFinity Casino of your choice. Sure, you can be at the VIP verification stage, but how you get your money and how much of it ultimately depends on the casino’s payment policy.
• Stick to AUD currency, meaning choose a casino that accepts AUD deposits and withdrawals. Need I remind you that the conversion fee is high, at 2.99%?
• Timing-wise, deposits are usually instant. Withdrawals, however, depend more on the casino’s approval times than on MiFinity itself, so patience is sometimes part of the deal.

So, here’s the short version of everything I’ve mentioned so far: MiFinity is good because it offers fast casino transactions, better privacy than cards, and lower fees compared to other eWallets.

Deposits usually land instantly, withdrawals are supported at the best MiFinity casinos, and you’re not handing over your bank details every time you play. The eWallet also supports AUD and crypto and applies strong security features, including 2FA and iFrame payments. With all these in mind, it’s easy to see why MiFinity feels built for gamblers.

It’s not all fun and games, though. Withdrawal speed varies widely by casino, and fees depend on how you fund your wallet. Also, you’ll need full verification to unlock the higher transaction limits.

To sum up, MiFinity is a decent eWallet with fair terms and not-so-high fees, and it’s frequently available at the top Australian online casinos.