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MiFinity in Swiss Casinos
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Given how Switzerland is now a country that offers a legal online gambling market, and how popular MiFinity is across the industry, you will find it across most, if not all, Swiss online casinos. The eWallet accepted all across the world, has managed to maintain a permanent spot on the list of accepted payment methods across hundreds of online casinos, many of which have a license to operate in Switzerland. It is super-easy to use and offered for both deposits and withdrawals in Swiss francs, therefore, if you haven't tried it yet, now is the time to do it. Stay with us to learn more about it, though, so that you are prepared to start making seamless deposits and withdrawals with it across top Swiss sites. What is MiFinity and why choose it as your payment method at a Swiss online casino?
Online Gambling Regulation in Switzerland
The minute Switzerland regulated gambling, the world received some of the most luxurious, classiest brick-and-mortar casinos. True, the country is known for its natural beauty, its gold, and wealth, but as of 2000, it is also known for its amazing land-based casinos, scattered across its entire territory. The country maybe didn’t need the additional financial boost from the industry, but it certainly didn’t hurt its economy. Tourists and locals alike are allowed to frequent the casino establishments, to enjoy a perfectly safe and controlled gambling experience.
And even though online gambling appeared around the same time when Switzerland legalized land-based gambling, the country wasn’t really interested in regulating it back then. It was not until 2019 that Switzerland regulated online gambling with the Money Gambling Act. With this Act, both land-based and online gambling are perfectly legal in the country. However, operators that wish to obtain a license to offer online gambling need to have an existing land-based gambling license in order to apply.
This condition in the Act enabled well-established land-based operators in cantons like Basel, Zurich, Lucerne, St. Mortiz, Bern, and Baden to immediately apply for an online gambling license. In fact, most of the operators that offered land-based applied for a license to launch their online gambling sites. Obtaining the proper license, all of these operators went live on the 1st of July, 2019, and as of since, Swiss players are allowed to enjoy online gambling in addition to land-based gambling.
Considering this is a country with strict rules about basically everything, as expected, Switzerland does not take online gambling regulations lightly. In fact, it made sure to introduce three regulatory bodies that would make sure that the industry runs with no issues whatsoever, and is perfectly safe for players. The Intercantonal Betting Board, the Federal Gaming Commission, and the Swiss Federal Gaming Board are responsible for keeping the industry fair and safe for Swiss players at all times.
The Swiss top court upheld ban on foreign online gambling operators, therefore, offshore sites are banned and blocked. Their IPs are blocked and players are only allowed to frequent locally licensed sites. Don’t worry, though, because the licensed sites at your disposal are offering exactly what you need in terms of game content. Developers like Play’n GO, Pragmatic Play, and Red Tiger have been properly licensed to offer their Live Dealer titles, slots, and table games, among other types, and that’s why you will get an industry-leading content at your disposal.
Now that that’s been cleared, it’s time we focus on a different subject: the payment method you will use. Since the sites at your disposal are all operated by operators based in Switzerland, most of the payment methods at your disposal will be local, probably bank-related. Meaning, you will get to use your native currency, the Swiss franc, and have no conversion fees to pay. However, if you're interested in using an alternative solution and keeping your online gambling transactions away from your bank statement, why not use the eWallet MiFinity?
Available globally and in Switzerland, and allowing you to transact in Swiss francs, this eWallet is the ideal solution to use across Swiss online casinos. It is really effortless to get started with and gives you more ways to pay across all industries, including the online gambling industry. Once you start using it across online casinos and you see how easy it is to use, you will want to use it everywhere; and you can! Therefore, continue reading to find out more about it, as in the next sections, we’ll share all we have on it with you.
Casinos for Players from Switzerland that Offer MiFinity
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Using MiFinity Across Swiss Online Casinos
The first thing you should know about MiFinity is that it has unparalleled availability across the online gambling industry. Basically, most online casinos that operate today are offering it, thanks to its ease of use and services. Now, that means that most of the casinos that are legally allowed to cater to Swiss players offer it, too. Its popularity with Swiss players continues increasing, too, mainly thanks to the fact that it allows them to transact in their native currency, the Swiss franc. But, also because it offers great services and functionalities to be used for transactions beyond deposits and withdrawals.
So, this global eWallet was launched by a UK FinTech company called MiFinity UK. Since it is based in the UK, it is approved by the UK's FCA. However, the solution also supports Money Express remittance and is certified by UnionPay, and holds an ISO certificate for safety. Therefore, when it comes to its legitimacy, it is perfectly legitimate and secure to use. Now, when it comes to its popularity, we mentioned a few reasons why is it such a hit with players and operators alike, but did you know that in addition to a variety of fiat currencies, you can also use cryptocurrencies with it? That's right, in hopes of catering to banked and unbanked users alike, the solution uses the latest technologies to enable the smoothest and most convenient transfers of money.
Its dedication to attending to online casino players, too, is astonishing. With it, you can actually open a Gaming account, and use all the perks it comes with to your advantage. The solution noticed that online casino players are among the top on its user base, and that's why it won't stop showcasing new cutting-edge solutions for effortless payments across the online gambling industry. So, considering that with it you can make the most seamless deposits and withdrawals in your native currency, let’s cut to the chase and share with you the easy steps you need to take to get started with it.
First, choose whether you want to create your eWallet account with it via its user-friendly website, or by downloading its native app from Google Play/Apple App Store. Either way, you need to share some basic personal info and create your username/password. Account verification is next, and right after that, you can top up your account with money. To do that, you can use MasterCard/VISA cards, SEPA bank transfers, or other alternative options like Giropay, Klarna, and Trustly. We said that digital currencies like the forever-popular Bitcoin and Bitcoin Cash, so if you’re holding any, you can use them, too. As soon as you’ve funded your eWallet, you can start using it across the leading Swiss casinos that offer it. Follow our lead as in the next section we’ll tell you exactly how to do it.
Deposits and Withdrawals with MiFinity
We already established that you will find enough Swiss online casinos to check out that offer MiFinity. So, the first thing to do here is select a few sites that you’d want to explore, make sure they offer the games you’d want to play and, of course, accept MiFinity.
Next, decide on the one site to join and register a player account with it. To do that, you will need to share some personal info again, but as soon as it is ready, to fund your account with MiFinity, go through these steps:
- Access the Banking page once you enter your registered player account.
- Find the Deposits section, look for MiFinity’s logo, and press it.
- Either access your eWallet app or use a new tab to safely log into your eWallet account using your credentials.
- Specify how much you want to deposit.
- Confirm the transfer and watch the funds arriving instantly on your casino balance.
When it comes to withdrawals, actually,Swissplayers prefer using MiFinity over any other option. That’s again thanks to its ease of use and the native currency availability, but also thanks to the speed with which the winnings are transferred to the eWallet account, once approved by the operator.
Now, the transfer can be approved in a few minutes or in up to 48 hours, depending on the operator’s withdrawal policy. The operator needs to check whether your request is legit, and if yes, the withdrawal will be approved and MiFinity will make sure the funds immediately arrive at your eWallet account. The procedure is intuitive and similar to the depositing one, so you’ll have no obstacles to getting your winnings on your eWallet as soon as possible.
Conclusion
MiFinity is an eWallet that everyone should try at least once during their online gambling experience. With swift transactions in Swiss franc and cryptos, offered for both deposits and withdrawals and incredibly easy to use, this is the perfect alternative payment option to use across Swiss online casinos, so do not hesitate to give it a go.
FAQs
Is gambling online legal in Switzerland?
Yes, Switzerland legalized online gambling in 2019. The country used to offer a legal land-based gambling market previously to the online gambling regulations, so only those operators that already operated land-based casinos were allowed to apply for a license.
Can Swiss online casino players access offshore casino sites?
No, Swiss online casino players are only allowed to frequent licensed Swiss online casinos, monitored by the three regulatory bodies. Offshore sites are banned and blocked.
How many licensed Swiss online casinos accept MiFinity?
As you will see as soon as you start searching for sites that accept it, MiFinity is offered across most, if not all, online casinos that are licensed to operate on the Swiss online gambling market.
Will I find MiFinity on social media?
It surely is. This is an ultra-modern eWallet that keeps up with the trends, and knowing that social media presence is essential, has opened its profiles on Twitter, LinkedIn, Facebook, Instagram, and YouTube.
Which are the digital currencies I could use via my MiFinity account for deposits and withdrawals across Swiss online casinos?
MiFinity gives you the option to choose from and use so many digital currencies. We already mentioned Bitcoin and Bitcoin Cash, but rest assured that Tether, Stellar, USDC, XRP, Litecoin, DAI, and Ethereum are also your options at the moment. The solution adds new cryptos on a regular basis, so make sure you check your options before you start using it.