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MiFinity in Austrian Casinos
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MiFinity is one of the most frequently offered eWallets across the online gambling industry, and since Austria has regulated the industry, this eWallet is offered across most, if not all, licensed Austrian online casinos. The reasons for this are plenty, but one of the main things that attract Austrian players is the fact that with it, they can make smooth and safe deposits and withdrawals in their native currency, the euro. Add to that the fact that the solution keeps on innovating and evolving, partnering with major brands to maintain its position as a leading eWallet in the industry, and there you have it, the reason why so many Austrian players trust it. So, if you wish to try it out yourself and you have never done so, it's time you learn more about it. What is MiFinity and why use it as your payment method at an Austrian online casino?
Online Gambling Regulation in Austria
Austria, just like many other European countries, legalized land-based gambling in 1989 and the industry has been running smoothly for years before online gambling appeared. It was approximately a decade later that online gambling took a swing, so naturally, the country needed to decide whether to consider legalizing it or not. Yet, Austria took its sweet time and eventually decided to legalize the online industry, as well, in 2010.
The Laws on Games of Chance 2010 was an amendment to the 1989 Gambling Act, of course, but it was in no way looser than it. In fact, the online gambling regulations are quite more complex and tighter than the ones for land-based gambling in Austria. Namely, in order to be eligible to apply for a license to operate online in Austria, operators must have a registered business in Austria and have a physical presence there. What’s more, as soon as they obtain their license, they can only cater to Austrian players and offer them their online gambling content. Plus, operators had to implement technological innovations for enhanced security, or else their licenses would be denied.
This did not sit well with international online casino operators who, of course, wish to target a more varied player pool. International operators get licensed across many regulated markets precisely for that, to have players from all around the world, to get a better revenue boost. That’s why, only those operators that already had a physical presence and operations in Austria, applied for a license. These operators did not mind the fact that they could only cater to Austrian players, and set out their operations online as soon as they got licensed. The first official online casino to go live in Austria was Win2Day.
Many other operators followed suit, obtaining their license from the Ministry of Finance, and that's why Austrian players have hundreds of online casinos at their disposal today. Rest assured that the regulator does not kid around with illegal sites; in fact, illegal operators cannot enter the market, and players can only get access to perfectly licensed sites. Player protection is the regulator’s primary concern, so do not be shocked to learn that the Ministry of Finance makes sure to prosecute and penalize all operators that somehow do you wrong. This actually applies to both licensed and unlicensed sites. In fact, the regulator is known to have players' back in case they joined an unlicensed site and were wronged by it. Operators who did not treat Austrian players right are prosecuted and players get full remuneration. That's how safe the online gambling environment in the country is.
What all of this means is that you get to access legit and safe sites and you get to be treated with fairness and respect, no matter the site you choose to join as an Austrian player. You have your options open, to play whichever game you wish and claim whichever bonus you want across these sites. Fortunately for you, you have access to state-of-the-art slots delivered by the likes of Yggdrasil, enjoy live action on games designed by Evolution and Playtech, for instance, and try out your luck playing all the other types of games available across these top-notch online casino sites.
So, the only thing left for you to think about before you join the site that you’re eyeing is the banking method options. You would want to use a safe solution that is easy to get started with and use for deposits and withdrawals, so why not consider using the global eWallet MiFinity? Not only does it support your native currency, the euro, but the solution has managed to partner up with leading online casino sites and brands to allow you to get the most amazing online gambling experience. With it, you can make both deposits and withdrawals, in just a few taps on your mobile device, so continue reading to find out more about it in the next section.
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Casinos for Players from Austria that Offer MiFinity
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Using MiFinity Across Austrian Online Casinos
Just as we introduced it, MiFinity is a global digital wallet that has managed to get accepted across most, if not all, online casinos that cater to Austrian players. Its popularity across the online gambling industry is unrivaled, and that is thanks to its dedication to continue evolving and innovating. Launched by a UK-based FinTech company, MiFinity UK, the solution holds all the needed approvals and certificates in order to offer the services it does. Not only is it approved by the FCA, but is also certified by UnionPay and supports the Money Express remittance program. It also holds the proper ISO certificate for safe transactions, and for you as an Austrian player, it gives you additional payment options, giving you more ways to pay.
What happens is that MiFinity not only allows you to use your native currency, the euro but accepts over 17 other fiat currencies and even several popular cryptocurrencies like Bitcoin Cash and Bitcoin. It can be used by literally anyone, regardless of whether banked or unbanked and thanks to the latest technologies it uses, it is a perfectly suitable solution to use across online casinos. In fact, the solution has noticed how popular it is across online casinos, and that's why it continues collaborating for enhanced solutions for payments with gambling firms. In fact, among the many different accounts you can open with it, there’s one specifically designed for gamblers, the Gaming account.
With it, you can send and receive money to and from anyone, from any country, so regardless of whether you're playing at a casino that is based in Austria or anywhere else, your deposits and withdrawals will be successful. As an Austrian, you will appreciate the fact that you can even have your account in your native language, Austrian German since the solution supports over 21 mainstream languages. In fact, to get started with it, you can either download its native app from the Apple App/Google Play Store or create your eWallet account via its brand-new, user-friendly official website. You will need to enter some personal details and create the credentials you’ll use upon login, and then verify your account.
As soon as you do that, you will need to fund your account with money. You can do that with a SEPA bank transfer, bank-issued cards like MasterCard and VISA, but also via alternative solutions like Klarna, Trustly, and Giropay, as well as some digital currencies. Each payment solution you link comes with its own fees and rates, so make sure you check them all out to choose the one solution that would work best for you. Nevertheless, as soon as your eWallet account is filled with money, you can immediately start using the solution across the finest Austrian online casinos. Stay with us to learn about the steps you need to take to successfully use it for your deposits and withdrawals.
Deposits and Withdrawals with MiFinity
There are literally hundreds of online casino sites that you can access as an Austrian player that accept MiFinity. So, your choices are basically endless, therefore, the first thing you need to do is explore some options and go with the site that suits you most.
Once you find that perfect site to join, register a player account with it. Provide the needed personal details and as soon as the account is ready, to fund it with MiFinity, do the following:
- Access your registered player account and quickly find the Banking page.
- On it, look for the Deposits section and select MiFinity from the listed accepted methods.
- In the new safe page, enter your credentials to access your eWallet account, or simply access your eWallet app.
- Set the amount you’d want to transfer to your casino balance.
- Confirm the transaction and the funds will immediately appear on your balance.
We haven’t mentioned this so far, but you should know that when it comes to preference, Austrian players love using MiFinity for withdrawals actually, even though they are also using it for deposits.
This is mostly because once approved, withdrawals with it are instantly processed and your winnings arrive in your eWallet account immediately. Of course, you first need to go through a similar procedure to put in your withdrawal request. You need to find the solution in the Withdrawals section, select it, and set the amount you want to transfer to your eWallet account. The casino will check out your request and if you have just as much money to cash out as you requested, your request will be approved. Your winnings will, therefore, immediately arrive in your eWallet account.
Conclusion
Sure, as an Austrian player, you will get all kinds of payment solutions across the legit sites at your disposal, but going with MiFinity would be the best decision you could make. This eWallet is so effortless to get started with and use, it is available across most, if not all, Austrian casino sites and allows for seamless deposits and withdrawals in both the euro and digital currencies, so make sure you put it on your must-try list the next time you wish to play at an online casino.
FAQs
Is online gambling legal in Austria?
Yes, it is, as of 2010. Previously, the country offered a regulated land-based market, but with the amendment of the 1989 Gambling Act, when the Laws on Games of Chance was put into effect, Austrian players can also enjoy online gambling legally.
Do Austrian online casino players get in trouble with the law for frequenting international online casinos?
No, they really don’t. In fact, operators who do not treat Austrian players with respect are prosecuted and penalized for doing so, and players are actually reimbursed if they were wronged in any way.
Will I find many Austrian online casinos that accept MiFinity?
You most certainly will. We mentioned that hundreds of Austrian casino sites accept the eWallet, and we weren’t kidding. You will have a huge choice of sites to explore to decide on the one to join, actually.
Are Bitcoin and Bitcoin Cash the only cryptos I could use via MiFinity?
No, actually, there are plenty of others you could use. In addition to Bitcoin and Bitcoin Cash, at the moment of writing, DAI, Litecoin, Ethereum, XRP, Stellar, USDC, and Tether are also your options, but there's no doubt that others will be added in the future, so stay tuned.
Does MiFinity have a social media presence?
Yes, it most certainly does. You can find its profiles on Facebook, LinkedIn, Instagram, Twitter, and YouTube, so do not hesitate to follow it on the platform that you prefer using.