Convenient payments with just an email
Austria is on the brink of a regulatory change where it will finally regulate online gambling and open up the market to foreign operators in the near future. This means that MiFinity casinos from abroad will finally be allowed to freely operate in the country without any restrictions. Let’s take a look at the current state of MiFinity casinos in Austria, how they operate, and future prospects to keep an eye on.
Online gambling in Austria is regulated by the Law on Games of Chance and falls within the jurisdiction of the Ministry of Finance. The Ministry is the responsible authority for supervising the sector and its licensed companies.
At the moment, Austria operates under a single licence model, with the Austrian Lottery the only allowed entity to offer online gambling services through its win2day platform. This online gambling platform doesn’t support MiFinity deposits and withdrawals, which leads to players seeking alternative sites in the offshore gambling sector.
Despite the legal monopoly, some estimates state that Austria’s online gambling revenue reached over €630 million in 2024, which indicates the market is widely accessed by offshore casinos, mostly holding European licences (MGA or Gibraltar).
These platforms currently operate without local authorisation, but due to the grey area of the sector, they can fill the regulatory gap and offer gambling services to Austrians with very little oversight. These platforms are the choice for players who prefer making transactions with MiFinity.
The good news is that the monopoly may finally be due for a change. The landmark gambling reform is expected to come into force between June and July 2026, and it would place Austria among the most modern gambling frameworks in Europe.
Both the Austrian People’s Party and the Social Democratic Party have supported the multi-licensing gambling framework, which is said to be inspired by Germany’s model. If it is enacted, we can expect a centralised self-exclusion system that will protect at-risk players, and a proper licensing model which will see top MiFinity casinos obtain a licence and enter Austria.
Before suggesting a MiFinity casino to our Austrian readers, we make sure to put it through a meticulous review process that focuses on aspects such as secure payments, transparency, and fairness.
Top-rated MiFinity casinos are properly licensed by the likes of MGA, Curacao, Gibraltar or Anjouan, implement robust security features (SSL encryption), and have extensive player protection tools.
Before we suggest a casino, we complete the entire gaming cycle and see how simple and fast MiFinity transactions are. We note any delays and warn our readers.
MiFinity supports EUR wallets, but for players to avoid currency conversion fees, we focus on casinos that allow payments in the currency. We also check any additional casino fees that may exist.
MiFinity has a mobile app from which you can send funds to your casino account, and reliable casinos will match this mobile approach by offering a mobile website or an app for a complete on-the-go experience.
Before you get started with MiFinity casinos, you will need to create an account with the e-wallet. Download the app, register by providing personal details, and set your biometrics for secure logins. You will need to verify your ID if you want to increase your transaction limits. Once you are done, top up your MiFinity account (the e-wallet supports over 75 payment methods, including bank transfers, cards, and prepaid vouchers).
At the start, you will need to select a MiFinity casino that accepts Austrian players and create a new account by filling out a registration form. Then, head to the Cashier section and select MiFinity. You will be prompted to enter your MiFinity-registered email address and the amount you wish to deposit. Log in to your MiFinity account with your biometrics to confirm the transaction.
You can request a withdrawal through the Cashier tab of your account. Select MiFinity as your cashout option and enter the necessary details – including your MiFinity email address or Virtual IBAN (if available). Review the details and confirm the transaction. Once the casino approves your withdrawal request, it will release the funds, after which they will instantly reach your e-wallet.
MiFinity has a transparent fee structure, which states you may need to pay a 1% fee (maximum of €10) when you send money from your wallet. Receiving money is free of charge, but currency conversion fees of up to 2.99% apply to transactions. Note that if you don’t log in to your account for 12 months, you will be charged a €1 monthly “inactivity fee”.
There are several advantages attached to MiFinity that can hardly be matched by any other traditional banking method in Austria:
Besides MiFinity, another e-wallet that dominates the online gambling landscape in Austria is PayPal. Both have certain similarities, but there are glaring differences to note as well.
Convenient payments with just an email
Confirm payments without sharing bank account details
An e-voucher as part of its portfolio
Just digital wallet services
Security features that include 2FA and encryption
Protected payments with encryption and MFA
Transaction and currency conversion fees apply
Fees apply for international transfers and currency conversion
Instant deposits and withdrawals
Instant transactions
Some of MiFinity’s advantages should already be clear, but for a more balanced overview, players in Austria must also understand that there are certain downsides to using this e-wallet. The table below illustrates this better.
Payments with just an email address
Strong security features
Deposits eligible for casino bonuses
EUR support
Deposit with multiple payment methods in MiFinity accounts
Transaction fees apply
KYC processes at MiFinity can take up to 48 hours To make sure you choose a suitable and personalised online casino, there are a few factors we want you to pay attention to.
Time Needed:
00:10
Device Required:
PC, Smartphone
Make sure to check whether the casino is available in Austria. There were cases in the past where certain Curaçao gambling sites faced lawsuits in Austria and were blocked by the government.
Check the payment policy and the general terms and conditions of the casino to understand its deposit/withdrawal limits, fees, and processing times.
Some casinos may restrict deposits with certain payment methods from receiving bonuses. Take a look at the bonus T&Cs to see whether that is maybe the case with MiFinity payments.
You can test the site’s functionality and speed of payments by registering and making a minimum deposit. Play the games, explore the lobby and see how happy you are with your entire experience.
Properly licensed online casinos will protect your MiFinity transactions with SSL encryption, but there is something more you can do to safeguard your funds and payments with the e-wallet.
Enable 2FA: This is one of the most critical security layers for e-wallets such as MiFinity. Enabling it will make it near impossible for unauthorised individuals to gain access to your account, even if they have your password. Make sure to monitor your account and see whether there are any transactions you don’t recognise. If so, instantly get in touch with MiFinity’s support agents.
Yagmur Canel
Editor on
Top-class international casinos will not limit you to just MiFinity for your payments. The list of options can be quite extensive and cater to the wider Austrian gambling audience:
Skrill
Another e-wallet that allows you to make deposits and withdrawals with just your email address. It supports the EUR currency as well, but currency conversion fees apply.
EPS (Electronic Payment Standard)
A domestic payment method that allows Austrians to make direct online bank transfers to and from casinos. It is supported by Austria’s biggest banks.
Visa/MasterCard
Credit and debit cards are commonly accepted at online casinos that accept Austrians. They offer convenience and security in payments, but they are not available for withdrawals.
Crypto
The likes of BTC, ETH, LTC, USDT, and BNB are widely available at offshore casinos. They allow players to make near-instant and cheap transactions on decentralised blockchain networks by using their crypto wallet addresses only.
Most Austrian online casinos reward players who deposit with MiFinity with different bonuses and promotions. Here are a few common ones you can expect to encounter.
Welcome Bonuses
Welcome bonuses are the first reward players get upon registering and making their first deposit. Casino welcome bonuses in Austria can come as first deposit bonuses or multi-tiered welcome packages.
Free Spins
Free spins in Austrian casinos can come as part of the welcome bonus, or they can be standalone daily/weekly promotions for slots. Free spins winnings are subject to wagering requirements, though.
High Roller
VIP players can claim separate Austrian high-roller bonuses that require larger deposits. These offers can offer substantially higher potential rewards, but wagering requirements can be stricter.
Cashback Offers
Cashback offers can act as safety nets for players and help them recoup some of the losses in the past period. Cashback bonuses in Austria deals can be tied to players’ VIP or loyalty statuses.
No Max Cashout
No max cashout bonuses in Canada allow players to win gigantic sums by not placing any max win caps for bonus money. Since casinos seek to protect themselves from such wins, these bonuses can be scarce.
No Wagering Bonuses
No-wagering bonuses in Austria are the rarest type of promotions, since they allow players to instantly withdraw their winnings without clearing any wagering requirements.
Licensed offshore casinos that accept Austrian players provide extensive catalogues and advanced filtering options that make it easy to browse and compare titles. Here are some of the most popular categories of games you will come across at our suggested casinos.
Anonymity and speed are factors that are greatly appreciated among Austrians, and MiFinity ticks these boxes. This is an e-wallet that allows you to make casino payments with just your email address or phone number, so this level of convenience can hardly be matched by traditional banking methods.
MiFinity is PCI DSS Level 1 compliant and holds an ISO 27001 certification, alongside its user-focused features like biometric login, which guarantee the safety of accounts and transactions.
Yes, MiFinity is among the supported withdrawal options at casinos. To cash out, you will need your wallet email address.
Sending money can come with a 1% fee, with 2.99% currency conversion fees also applying. A €1 monthly inactivity fee will be charged if users don’t log in to their MiFinity accounts for 12 months.
Yes, there are very rarely any cases of MiFinity deposits being ineligible for casino promotions.
If you want a similar e-wallet experience, you can opt for the likes of PayPal, Skrill and Neteller. Cryptocurrencies are also fast and anonymous, as transactions occur on decentralised blockchain networks.