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MiFinity in Slovakian Casinos
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Slovakian online casino players have the option to engage in online gambling whenever they want, since the industry is perfectly legal in the country, and with that, they have the option to try MiFinity, a global eWallet that is perfect for deposits and withdrawals. What’s more, this eWallet has managed to get listed as an accepted method across a huge number of sites, and that’s one of the reasons why Slovakian players love using it. That, and the fact that transactions with it are effortless and swift, and processed in their native currency, the euro. Add to that the fact that the solution is unbelievably easy to start using and use across online casinos, and there you have it, the perfect option to try. So, stay with us to learn more about it, if you’re already interested in trying it. What is MiFinity and why give it a try across Slovakian online casinos?
Online Gambling Regulation in Slovakia
Luckily for you as an online casino player from Slovakia, today, the industry is perfectly legal in your country. However, the road to full legalization and liberation of the market was not that smooth, we must say. What happened was, that the Slovak Republic used to be part of Czechoslovakia until 1993. It was only when the country gained its independence that the land-based industry wasofficially legalized and the Slovak brick-and-mortar casinos opened.
When the time came to decide whether or not to legalize online gambling, too, the country had a different approach. While the land-based market was fully controlled, Slovakia thought that online gambling wouldn't be, unless it made it monopoly-based. So that’s exactly what the country did: it legalized online gambling but on the condition that only the lottery operator TIPOS would have control over the offering. Except for online sports betting that could be offered by other operators, all other forms of online gambling, including online casino gambling, were under TIPOS’s command.
But considering TIPOS did not give them the games variety they expected, Slovakian online casino players turned to offshore online casino sites, unlicensed sites, to get access to their preferred online casino games. That's when the authorities had to step back and rethink the whole legal framework. There were some attempts on the Finance Ministry's part to legalize online casinos in 2011, but the Slovak proposal was withdrawn. Finally, the country gave in and in 2019,liberalized its online gambling market, which now included online casinos and online poker, too, among other verticals.
The Gambling Games Act No 171/2005 was restructured, and now Slovakian players were given access to proper online casinos and games. Online lottery and bingo remained under TIPOS’ offering, but offshore operators were allowed to apply for a license to offer any of the rest of the online gambling verticals. In the meantime, the authorities started blocking unlicensed online gambling sites and tried limiting their access to the market. In 2017, the country even issued its blacklist of banned online gambling sites, but since this was against EU laws, and Slovakia is an EU member country, it had to drop that. And then, something else happened, just as the industry started to pick up and the country started getting control over the industry.
In 2020, many local municipalities started complaining about the effect that online gambling had on their citizens. Many wanted to actually ban it, and the authorities gave them the freedom to do so. With the amendment to the 2020 Gambling Act, those municipalities that wanted to ban online gambling actually did; even Bratislava did. Those sites that already had an active license were allowed to continue catering to the market until their licenses expired (which happened in 2023), but as soon as that happened, they were forced to leave the market. Still, since many municipalities still offer legal online gambling, the Slovakian Office for the Regulation of Gambling is still granting licenses to interested operators.
Therefore, as a Slovakian player, you have the option to join licensed sites, and your access to illegal sites is blocked. Fortunately, those sites that continue catering to Slovakian players legally offer some of the best games on the online gambling scene. We're talking next-level Live Casino games, which replicate the land-based gambling experience, multiple award-winning slots, video and online poker, and all other kinds of online casino games. So, the only thing to focus your attention on is to find an online casino that offers easy-to-use and convenient payment methods for deposits and withdrawals. If you manage to find one that not only offers your favorite games but also the global eWallet Mifinity, rest assured that you’ve found your winner.
With just a few taps on your smartphone, with it, you will be making safe and effortless deposits and withdrawals in your native currency, the euro, across hundreds of sites that cater to Slovakian players. It is super-easy to get started with and use, therefore, if you wish to know more about it and consider trying it out yourself, don’t stop reading, as we’ll tell you all about it in the next section.
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Using MiFinity Across Slovakian Online Casinos
An award-winning FinTech company from the UK, called MiFinity UK, owns and operates this amazing eWallet that is just a quick search on Google from you. The company, running successfully for over 25 years in the financial sector, designed the modern payment solution with the aim to serve anyone, from any country in the world, and facilitate their online transactions. Licensed by the FCA, the eWallet supports the Money Express remittance program, has partnered with leading names on the financial scene, and is certified by Union Pay, to offer all the services that it does.
Essentially, it connects merchants and users across various sectors and industries, and thanks to the high tech it uses in providing its services, it enables money transfers between payment service providers and financial institutions and banks to and from anywhere in the world. Anyone can use it, really, since it operates across more than 170 countries and territories, of course, Slovakia included. It allows users to transact easily and swiftly in various fiat currencies, the euro included, and a variety of digital currencies, even.
As long as you have your smartphone with you, you can get started with it right away. It will only take a few taps, really, so let’s get started. First, decide whether you’re willing to spare some memory on your phone and download its app from the Apple App/Google Play Store, or whether you wish to register via its official website and use the browser version. Either way, the next step will be providing some personal details to register your eWallet account. Create a username and a strong password and then follow the prompts to verify your account.
To fund your eWallet account with money, you will have multiple payment methods to choose from, methods that you're using daily. We’re talking credit and debit cards, SEPA transfers, Giropay, Klarna, and Trustly, as well as cryptos like Bitcoin and Bitcoin Cash, via Cryptopay. Slovakia is one of the countries you can do a bank transfer to with the eWallet, even, so consider this option when you wish to cash out money from your eWallet to your bank account. On that note, you can use the same methods you topped up to withdraw money from your eWallet account.
Assuming you went through the steps as we just described them, you are ready to give it a go at your favorite Slovakian online casino. Continue reading to figure out the exact steps you need to take to start making deposits and withdrawals with it.
Deposits and Withdrawals with MiFinity
MiFinity is certainly a payment method offered across most if not all, online casinos out there. You will, therefore, find hundreds of sites that offer it that you have access to as a Slovakian online casino player. So, what you need to do first is select a few sites to check out, see their game offerings, and then decide on the one to join.
The moment you decide on the site to join, follow the easy steps to register an account with it. As soon as your player account is ready, to fund it with MiFinity, you will need to do the following:
- Head over to the Payment Methods page once you enter your player account.
- Look for the Deposits section and in it, find MiFinity’s logo and press it.
- Access your eWallet in a different tap or enter the app.
- Set the amount you wish to deposit and confirm the transaction.
- The funds will instantly arrive on your casino balance.
As far as withdrawals are concerned, MiFinity is actually players’ favorite method for cashing out. That's probably because once the operator approves a withdrawal, the transaction is processed instantly and the money arrives in your eWallet account in a blink of an eye.
The procedure is pretty straightforward and similar to the depositing one. You select the solution in the Withdrawals section on the Payment Methods page, log into your eWallet account, and request the amount you wish to cash out. The operator checks whether you have enough to cash out and hopefully, if all is in order, approves your request. When that happens, the transaction is immediately processed and your winnings arrive on your eWallet account instantly.
Conclusion
From the moment it appeared across the online gambling industry, MiFinity has been players' favorite payment method for deposits and withdrawals. Slovakian players love it in particular due to the speedy transactions processed in their native currency, and due to its insane availability. So, make sure you give it a try the next time you intend to join a Slovakian online casino.
FAQs
Is it legal to gamble online in Slovakia?
Yes, as of 2005, it is legal to gamble online in Slovakia. But previously, only online sportsbetting and lotteries were at players’ disposal, and as of 2019, online casinos are, too.
Do Slovakian players get in legal trouble for accessing offshore online casino sites?
Well, yes, if caught gambling online, Slovakian players might get in legal trouble, since accessing offshore sites is illegal. However, while advised against joining such sites, they are not prosecuted but rather encouraged to join the many perfectly licensed sites at their disposal.
Will I find MiFinity across many online casinos that cater to Slovakian players?
MiFinity is accepted across many licensed Slovakian online casinos, but also across unlicensed sites that continue accepting Slovakian players. Therefore, you can rest assured that hundreds of sites are at your disposal that offer it, for you to check out and eventually join.
Does MiFinity offer Customer Support for Slovakian users?
Yes, it most certainly does, considering this is a global method offered all over the world. Its world-class Support service caters to users via a contact form and various different phone lines. Do not hesitate to contact its team whenever something is uncertain or you have a problem that needs solving.
Can I explore MiFinity’s official website in Slovakian?
No, unfortunately, the Slovakian language is not on the list of supported languages. There are 17 languages in total, including English, of course, Italian, French, German, and Spanish, but Slovakian is not one of them.