Betfred Deposit Methods

Betfred has many payment options available to its players in the UK.

As one of the leading casino websites, it makes sense for Betfred payment methods to cover all basis.

In this guide, we share the several ways you can deposit cash into your account, withdraw funds, and the cash-out rules that apply to all players.

How Do I Make A Betfred Deposit?

With multiple deposit methods, making a deposit to your Betfred account is just as easy as making a withdrawal.

To deposit funds into your Betfred account, do the following:

  1. Log into your account
  2. Select the My Account button
  3. Select the Deposit button
  4. From here, you will be given an option of all the Betfred deposit methods available. Choose the best one for you.
  5. Select the amount you want to deposit
  6. Press the Confirmation button to finalise the process

From most Betfred deposit methods, money should enter your account instantly so it can be used on games immediately.

What Is The Minimum Deposit Limit At Betfred?

The minimum deposit limit at Betfred is £5, which is similar to other online gambling platforms in the UK.

You may win free bets when you meet this minimum deposit limit for your first deposit. Most betting websites offer a welcome bonus of free bets or spins to new players when they meet the minimum deposit limit.

This is only available for certain payment methods, so read the terms and conditions before making an online account. Payment restrictions apply.

There will also be wagering requirements that apply to free bets, so read these on your betting account first.

The welcome bonus will be awarded for your first deposit upon making your first bet.

There is no maximum deposit limit for most payment methods at Betfred.

How Do I Withdraw Funds From Betfred?

If you want to withdraw funds from your Betfred account, you should not have any issues, as this is a very easy process. For many of the accepted payment methods for withdrawals, cash will be in your account within 48 hours.

You can withdraw funds by using the following steps:

  1. Log into your Betfred account
  2. Select the My Account button
  3. Select the option to Withdraw
  4. From here, you will be given a choice of the payment method you wish to use
  5. Enter the amount you want to withdraw based on the winnings in your account and the withdrawal method chosen.
  6. Select the confirmation button.

While there are several payment methods for withdrawals on Betfred, you can only use the same payment method you used to deposit into your account. This is done to prevent money laundering and applies to all players.

If you cannot use the same deposit methods for your withdrawal, you can withdraw your funds via bank transfers.

This will be done using a registered bank account.

Bank transfers seem to be the most popular of the Betfred withdrawal options as it is highly convenient.

What Is The Minimum Withdrawal At Betfred?

The minimum withdrawal limit for players in the UK is £5.

This is a fairly low amount compared to other online betting platforms.

What Is The Maximum Payout For A Single Bet at Betfred?

The highest payout for a single bet on the Betfred website is £1 million.

This is on the Betfred Sportsbook, where players can bet on horse racing and other high-stakes sports events.

This high Betfred payout is available because this site is one of the most popular for online betting. By offering large payouts, Betfred is taking advantage of their popularity and ensuring people use them over other betting sites because they offer better jackpots.

What Is The Maximum Withdrawal At Betfred Per Day?

At the Betfred site, the maximum daily withdrawal is £25,000 via bank transfers.

This is again due to the Betfred sportsbook, which is a large part of this website.

Bank transfer is the most common of the Betfred withdrawal options and must be used for large amounts.

This is a secure withdrawal method, especially for such a large bet settlement, because it requires a verification process from the bank.

The Betfred withdrawal time for this same method is between three and five days for any amount.

Does Betfred Accept Credit Cards?

Credit cards are not one of the accepted payment methods at Betfred or any of the other UK betting sites.

Credit cards can be used as a deposit method in other locations but not in the UK in a bid to support responsible gambling.

Does Betfred Accept PayPal?

Betfred does accept PayPal as a payment method.

PayPal is one of the most popular ways to deposit and withdraw money into your Betfred account and is used on many other betting sites.

As your PayPal account is connected to your debit cards and bank account, it can be used for any Betfred payment.

However, using this as a deposit method does mean you do not qualify for the welcome offer.

Welcome bonuses do not apply to e-wallets or prepaid cards, so you must use a different payment method to qualify.

This is a popular and fast option if you want to use PayPal to withdraw money.

PayPal withdrawals will take around 48 hours to process. The withdrawal limits for this method are £5 for a deposit and £5000 per withdrawal.

You will receive a confirmation email at the end of this withdrawal process.

Does Betfred Accept Skrill?

Skrill is another popular payment method at Betfred.

As this is an e-wallet payment, this is one of the payment options that is excluded from the welcome bonus.

The minimum deposit limit for this method is £5, with the Betfred withdrawal limit being £65,000.

Any Betfred withdrawal made using this payment method will take up to two days and is subject to security checks.

Does Betfred Accept Bitcoin?

Betfred is one of the only casino sites that does support Bitcoin as a deposit option for UK customers. This website accepts several forms of cryptocurrency, including Bitcoin and Ethereum.

Cryptocurrency is becoming a more legitimate payment option for a range of things, and it is now accessible to those who enjoy gambling as sites like Betfred are accepting it.

Bitcoin is one of Betfred’s many deposit options and is used as a Betfred withdrawal option.

The processing time for these withdrawal methods is two days.

If you use this as a Betfred payment option, the website will want to double-check your identity, which may be done through SMS verification, bank details, or proof of photographic ID.

This is similar to other e-wallet payments and is done to prevent money laundering.

Does Betfred Accept Revolut?

Revolut is part of the Visa Fast Funds process and is accepted by Betfred.

This works similarly to a bank transfer but allows people to use the Visa Electron programme to make a Betfred deposit which can protect your private information.

As this connects to your bank, this is accepted as both Betfred deposit and withdrawal options.

It works like a debit card transaction and has similar Betfred withdrawal times.

Does Betfred Accept Monzo?

Like the Visa electron method, Monzo can be used as both a Betfred deposit and withdrawal method, as it also connects to debit cards.

Using Monzo to withdraw money from your Betfred account has the same verification process as using a debit card and therefore takes around the same time to process. This is around three to five working days.

The minimum deposit and withdrawal are £5. The maximum withdrawal limits are set at £9,999.99 for this payment method with no maximum deposit limit.

Does Betfred Accept Amex?

There is no indication on the Betfred site that they accept Amex, which means it is unlikely to be one of the deposit methods you can use for your betting account here.

The best thing to do is to use one of the other deposit options or withdrawal methods that are accepted on Betfred instead, such as debit cards.

Does Betfred Accept Apple Pay?

Apple Pay is one of the most popular Betfred deposit and withdrawal methods.

This is a very secure and fast payment option that works like a bank transfer but is already connected to your account.

As it works like a debit card or bank transfer, you can expect three to five working days withdrawal times for this method.

There are no fees for using debit cards, bank transfers, or e-wallets as a payment option on Betfred.

Does Betfred Accept Pay By Phone?

You can use pay by phone or pay by phone bill as a Betfred deposit method, as well as for withdrawals.

These payment options allow you to make a deposit to your chosen casino website, and this amount will be added to your next phone bill. Unlike other payment options, this means it does not get taken out of your bank immediately.

You can also use a similar process by using Boku, which Betfred also accepts.

Withdrawing funds from your Betfred account by pay by phone can take three to five working days to process. You can see all payments made this way through your balance history or statement for your phone.

Does Betfred Use Google Pay?

Google Pay is one of the deposit options that can be used on Betfred.

Like the other e-wallet options, this fast and secure method is ideal for sports betting.

Does Betfred Accept Neteller?

You can use your Neteller account to make payments to Betfred.

Neteller is another e-wallet that connects to your bank or debit card and allows you to make secure payments online. This is one of the most popular payment options on betting websites because it is fast and safe.

This method can be used for withdrawals and may take less than eight hours to process.

It is important to note that a 7.50 euro transaction fee does apply to any withdrawals, so it may not be the best method for you. Any deposit made using this method is free.

Does Betfred Accept PaySafeCard?

Prepaid cards like PaySafeCard can be used as a deposit method on Betfred.

This avoids payments coming directly out of your bank account, and cards can be purchased in varying amounts.

These cards cannot be used to withdraw money.

Does Betfred Accept Trustly?

Trustly can be used as a payment method for both deposits and withdrawals on Betfred.

It can take three to seven working days to process withdrawals using Trustly. This is because Trustly has its own processing limits and times, and going direct can save you time.

Does Betfred Accept Starling Bank?

Starling Bank is a form of debit card and is therefore accepted by Betfred.

What Payment Methods Are Not Accepted By Betfred?

You cannot use the following methods on Betfred:

  • credit cards
  • Naira
  • Mpesa

Make sure to check further reviews to see if anything changes here.

Why Does Betfred Restrict Bets?

Every betting account has some restrictions which can limit the amount you can withdraw or spend.

This protects players and the website by preventing people from withdrawing too much, using multiple voucher codes, or using more than one account.

You should contact the support team if you are experiencing any issues with your Betfred account.


In this Betfred review, we have looked into how you can deposit or withdraw cash from your account.

Several Betfred payment methods mentioned here cannot be found on other casino sites making it a great option for all kinds of players in the UK. It is ideal for casino games and sports betting, ensuring something for everyone.

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