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MiFinity in German Casinos
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MiFinity is certainly a payment method you will find across legit German online casinos since the solution is pretty popular in Europe. And considering Germany offers a legal online gambling market, it is only natural that the solution has managed to climb to the top of the list of accepted methods across German online casinos. Thanks to the effortless process of getting started and the ease of use, in addition to the many supported currencies, including the euro, the eWallet has been German players’ favorite payment solution for years now. Therefore, if you want to know more about it, make sure you continue reading. What is MiFinity and why choose it as your payment solution at a German online casino?
Online Gambling Regulation in Germany
Given how land-based gambling has been running smoothly in Germany for decades, it probably comes as a shock to learn that the country used to refuse to legalize online gambling when it should have. In fact, the online gambling industry has had quite a rough path to legalization in the country, and soon you’ll learn a few things about it. Namely, as a country with 16 states and a federal government, individual states have the right to introduce their own laws. So, in 2006, unanimously, the prime ministers of all states decided to ban online gambling. Two years later, in 2008, the online gambling ban was put into effect.
However, considering Germany is an integral member country of the European Union, this did not sit well with the Union. Even though EU countries can tighten restrictions , they are actually not allowed to ban access of other countries to their online gambling markets. So, Germany's ban on online gambling was contrary to what EU laws were all about. And that's why the country had to make a move and legalize online sports betting in 2012, and a few years later, add other verticals to the picture. However, Germany took its sweet time to craft the legal framework, and actually, pretty conveniently, it postponed the market launch until 2021. As of since, the country has allowed operators to apply for and get a license to offer online gambling within its borders.
The Gemeinsamen Glücksspielbehörde der Länder or in short GGL is the regulatory body operators need to turn to in order to apply for a license. The regulator is the one responsible for keeping the industry safe and fair for players, and the one that grants licenses, oversees operations, and suspends/revokes licenses if needed. Many popular online gambling brands acquired their license, therefore, as a German player, you can rest assured that you’ll have familiar casinos to check out and join. These are all sites that offer seamless game collections, filled with award-winning, hit slots, and other popular games like Live Casino titles, delivered by industry-leading software providers like Endorphina, Evolution, and BetSoft, to mention a few.
Bear in mind, though, that illegal offshore sites are blocked. As a German player, you only have access to legal, licensed sites, as the IPs of unlicensed sites are blocked. What’s more, operators that continue targeting German players without a proper license are hunted and prosecuted if caught doing so. So, even if you wish to join an unlicensed site, you probably won’t be able to, since the operator will not give you access to the site, to avoid legal troubles and penalties.
Thankfully, the online casino sites that you have at your disposal will be more than enough. You will have hundreds of sites to check out, each offering better and more popular games than the other. So, what you need to focus on when choosing a site to join is the list of banking methods offered. It is essential to find a site that gives you the option to experience seamless banking, preferably a site that offers the global eWallet MiFinity. This is one of players’ favorite payment methods across online casinos and if you continue reading, you will find out why. To give you a hint, it is accepted for both deposits and withdrawals in your native currency, the euro, and comes with many other perks. So, stay with us to learn all about it in the following sections.
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Using MiFinity Across German Online Casinos
Offered in more than 170 countries across the globe today, MiFinity is certainly a renowned alternative payment solution. Its story began years ago, when MiFinity UK Limited, a FinTech company from the UK, with over 25 years of experience in finance, set out on a mission to create one of the world’s leading eWallets to facilitate online transactions to people from all around the world.
That’s why, it made sure to get the license from the FCA to put it in operation. A few years later, it certified it by the Union Pay, and made sure it supports the Money Express remittance program, and with that, the solution was meeting all the criteria to enable transfers of money all across the world. In 2024, the solution was recognized for Information Security Excellence with the respective ISO 27001 certification, further strengthening its integrity.
Available in multiple fiat currencies, including the euro, and even various digital currencies, the eWallet is a hit all across the world, especially in Germany. Among the 17 languages it supports is the German language, so you even get to use it in your native language. The solution continues presenting innovative features for smooth transactions, so its popularity continues growing across all industries, including the online gambling industry. German players prefer using it over any other thanks to its reputation and credibility, and the fact that it can keep their money safe.
Therefore, if you’re interested in giving it a try, this is what you need to do. First, you need to decide whether you will want to use it via its browser version or its native app. Correspondingly, you will need to either visit its user-friendly official website and create your account there, or download its app first, from the Apple App or Google Play Store. The next step would be creating the account, for which you need to share some basic personal info and create a username and strong password. Next, you need to verify your account, and with that, you're ready to start using it.
Of course, you need to fund your eWallet first. Now, for this, you can use all kinds of local and global payment methods, many of which you’re already using for your everyday payments and purchases. We can mention bank transfer, Trustly, Giropay, VISA, Klarna, and MasterCard, but don't forget that cryptos like Bitcoin and Bitcoin Cash are also your options. Decide with the one to go with, after you check the fees for their services on the official website, and follow the instructions on how to top up your account. All of your banking info will be 100% kept safe and secure with the eWallet, and will never be shared with the online casino operator.
As long as you’ve successfully funded your account, you can immediately start using it across the many German online casinos that offer the eWallet for deposits and withdrawals. In fact, follow our lead, as in the next section you’ll learn how to go through these procedures with the solution.
Deposits and Withdrawals with MiFinity
Basically, thanks to MiFinity’s popularity across the online gambling industry, you'll have countless online casinos to check out in your pursuit of the perfect site to join. The solution is really offered across most German online casinos, so you’ll have no trouble finding the right one to join fast.
Register a player account with the site you decided on, and to fund it with MiFinity, just follow this procedure, step by step:
- Log into your registered player account and find the Banking page.
- Look for the Deposits section and on it, find MiFinity’s logo.
- Press it and on the new tap, access your eWallet using your credentials or your app.
- Specify how much you wish to deposit and confirm the transfer.
- The funds will instantly be transferred to your casino balance.
Thanks to the fact that withdrawals with it are super-fast, MiFinity is players’ most preferred payment solution for cashouts. And given how the procedure for withdrawals is pretty similar to the one for deposits, it should come as no surprise to learn that most of the casinos that accept it for deposits also do for withdrawals.
So, just repeat these steps, making the necessary changes, like picking the solution from the Withdrawals section and then specifying the amount you wish to withdraw, and confirming your request. Wait for 24 to 48 hours until you get the operator's approval, and immediately after you get it, your winnings will land on your eWallet account.
Conclusion
As a German player, we know you appreciate security, convenience, and ease of use when it comes to payment methods to use, and MiFinity is the solution that not only ticks these boxes but offers so much more. It is widely available across German online casinos, it allows for smooth and safe deposits and withdrawals in euros and digital currencies, and it is super-easy to use.
FAQs
Is online gambling legal in Germany?
Germany offered a legal land-based gambling industry only before it legalized online gambling in 2012. But the real market launch, after being delayed for years, was launched in 2021. So, yes, online gambling is legal in Germany officially since 2021.
Do German players get access to international online casino sites?
German players only get access to properly licensed online casinos. Operators that meet the criteria to be granted a license can be based locally or internationally, but they must be licensed by the GGL in order to cater to German players legally.
Is MiFinity offered across many German online casinos?
Yes, it indeed is. It is offered across most, if not all, German online casinos, so you can rest assured that you'll have a few hundred sites to check out to decide on the one to join.
Who can I get in touch with in case my MiFinity withdrawal goes wrong?Who can I get in touch with in case my MiFinity withdrawal goes wrong?
In case your withdrawal goes wrong, you may want to contact your casino’s Support agents first, since they should be able to tell you what happened and help you solve the problem. But, you should know that MiFinity offers its own Support service, too, so you can get in touch with its team via an on-site contact form or one of the many phone lines, found on the Contact page on its official website.
Can I open more than one account with MiFinity?
In fact, you can, thanks to the fact that 9 different account categories are available. You would surely want to open a Gaming account, but in case you wish to open a, say, Travel account, you can do so, depending on the nature of the transactions you intend on making with the solution.