What is MiFinity and what do they do?
MiFinity is a global e-wallet service that provides a secure payment platform for online transactions. The company offers a range of payment solutions designed to facilitate quick and convenient electronic payments. MiFinity functions as both a payment processor and an electronic wallet, enabling users to send and receive funds easily. It supports various currencies and payment methods, catering to a diverse customer base.
Core services provided by MiFinity include:
- E-wallet Services: Users can create an account to hold various currencies, send and receive funds internationally, and manage their transactions seamlessly.
- Payment Processing: MiFinity facilitates transactions for e-commerce and online gaming sectors, allowing businesses to accept payments from different regions.
- Payouts: The service enables businesses to process payouts to customers, a crucial function for iGaming and affiliate marketing industries.
- Currency Exchanges: Users can convert funds between multiple supported currencies directly within their account.
Overall, MiFinity aims to enhance the user experience by simplifying the payment process across different platforms and regions.
Who is it for?
MiFinity's services are primarily targeted at online businesses, particularly in e-commerce and gaming. It caters to merchants seeking efficient payment solutions, as well as users looking for a reliable method to manage and transfer funds securely.
The gaming industry is a notable sector utilizing MiFinity, as it provides the necessary infrastructure to handle player deposits, withdrawals, and payouts. Additionally, affiliate marketers who require a convenient way to receive payments from multiple sources also benefit from MiFinity’s services.
Why do businesses choose MiFinity?
Businesses select MiFinity for several verified strengths and benefits:
- Easy Integration: MiFinity offers straightforward integration options for merchants, allowing businesses to adopt its services without significant technical investments.
- Multi-Currency Support: MiFinity supports a wide range of currencies, making it suitable for international businesses and those looking to expand into new markets.
- Low Transaction Fees: The platform is designed to provide cost-effective transaction solutions, which can benefit businesses focused on optimizing their payment processing costs.
- User-Friendly Interface: The MiFinity platform is designed for ease of use, providing both businesses and customers with a seamless experience in their payment management.
- Fast Transactions: MiFinity ensures timely processing of transactions, enhancing overall user satisfaction and operational efficiency.
Businesses using Corefy can simply obtain a MID from MiFinity and connect it to Corefy’s dashboard in a few clicks, without dealing with any integration work.
Is MiFinity trustworthy?
MiFinity is committed to security and complies with relevant regulations, holding licenses from recognized financial authorities. The company employs various security measures to protect user data and transactions, including encryption and fraud detection systems.
It adheres to the standards set by Payment Card Industry Data Security Standards (PCI DSS), which ensures that it follows strict protocols for handling cardholder information. This level of compliance enhances trust and security for both users and businesses engaging with the MiFinity platform.
How to start using Corefy’s MiFinity integration
Connect MiFinity via Corefy and manage it alongside other payment providers. Apply routing rules, monitor performance, and centralise reporting without building or maintaining a separate integration.
- Step 2
Connect merchant account
Add MiFinity account details and credentials in Corefy’s dashboard to establish a secure connection. - Step 3
Set up routing rules
Define routing rules and logic to optimise transactions processed through MiFinity and other PSPs. - Step 4
Go live and monitor performance
Run test transactions, go live, and track your payment performance.
Methods
Supported payment and payout methods available via this connector.
Payments
2Payouts
1Currencies
Currencies available for processing through this connector.
Flows
Supported transaction flows available via this connector.
Features
Functional capabilities supported across available flows.