Betfair Payment Methods

Are you thinking of starting a Betfair account?

You might have queried the different payment methods for when you deposit and withdraw funds… you have found the perfect article to answer your questions!

There are so many payment methods to choose from that you might not have even considered, that we will cover.

Continue reading this article to fulfil your knowledge all about the Betfair withdrawals and how to deposit funds efficiently.

Whether you want to pay for Cheltenham or the Grand National, Betfair is for you.

How do I withdraw money from Betfair?

To withdraw funds from Betfair, it is incredibly simple and quick, here is the low-down on the withdrawal process:

  1. Create/ log in to your Betfair account.
  2. You should see a ‘Withdrawal’ and ‘Deposit’ option on the home page.
  3. Click on the withdrawal option then the ‘Payments’ tab.
  4. You should see a range of payment methods, decide upon which payment method you will use to deposit and withdraw.
  5. Once you have decided your chosen payment method, fill in the information needed.
  6. Click ‘Finish’ and you have made a withdrawal request!

There are multiple withdrawal methods to choose from, keep reading to find out which withdrawal method will suit you best.

Please note that the withdrawal times will vary depending on which payment method you choose.

How do I deposit money into Betfair?

Just like withdrawing funds, placing a deposit is so quick and easy!

Here is exactly how you can deposit funds into your Betfair account:

  1. Firstly create/ log in to your Betfair account.
  2. There should be a ‘Deposit’ and ‘Withdraw’ option presented on the screen.
  3. Click on ‘Deposit’, then a list of depositing payment methods should be presented.
  4. Choose your desired payment type and follow the instructions.
  5. You will need to confirm your deposit.
  6. Click ‘Finish’ then you have completed your deposit and you can start betting immediately.

There are so many different ways to deposit money into your account when playing with Betfair, after reading this article you will know them all!

What is the Betfair maximum payout limit on a single bet?

The maximum payout limit on a single bet is £1,000,000!

The maximum payout being £1,000,000 is only available when the bet is placed on the highest division competitions, such as the world cup.

Smaller football leagues, golf and tennis will max out to £500,000, horse betting and rugby will be a maximum of £100,000, and minor events like greyhound racing will have the highest at £25,000.

What is the maximum withdrawal from Betfair per day?

The maximum withdrawal is £500,000 per day.

The minimum withdrawal will depend upon which Betfair withdrawal method you choose.

There are some speedy withdrawal types to pick that are very popular.

If you’re unsure of which withdrawal methods are available or which will be best for you, we recommend reading until the end of this article.

What is the maximum deposit from Betfair per day?

The maximum deposit per day is £2,500 on Betfair.

Like any other online casino, the minimum deposit will vary depending on which payment company you decide to deposit with.

Does Betfair accept credit cards?

Unfortunately, with new UK and Ireland restrictions for betting stops the ability of depositing or withdrawing with credit cards.

You will be able to complete regular bank transfer with a Visa debit card or mastercard by just entering your card details.

You will be able to pay via different e-wallets with credit cards if you complete express bank transfers to these (certain e-wallets only).

Please note, paying directly through your credit card bank account is prohibited!

How long does it take to withdraw money from Betfair to Credit Card?

Usually, withdrawals from Betfair to credit cards/ debit cards will take 2- 5 days, depending on the credit card withdrawal method you choose.

As the Betfair withdrawals enter your bank account via bank transfer, you should expect the withdrawal request to have been accepted by the next working day.

If the Betfair withdrawal time for credit cards has surpassed 5 days, you should contact the Betfair customer support team for advice.

Does Betfair accept PayPal?

Betfair accepts PayPal as a payment method.

There is an immediate processing time for a PayPal account, and absolutely no withdrawal fee.

Paying with PayPal is extremely popular with UK customers because of how fast funds are processed and how easy it is to use.

You should ensure that the bank account for PayPal is connected to is NOT a credit card. The bank accounts connected MUST be debit cards, otherwise, they will not be accepted.

How long does it take to withdraw money from Betfair to PayPal?

To withdraw funds from Betfair to your PayPal account, it should take up to 24 hours maximum!

As PayPal is an e-wallet, it is one of the most effective Betfair withdrawal options as the withdrawal processing times are miles quicker than even express bank transfers!

Does Betfair accept Skrill?

Skrill is an accepted payment method when you play with Betfair.

There are fast withdrawals with Skrill after you choose their specific logo.

How long does it take to withdraw money from Betfair to Skrill?

Betfair supports Skrill as a quick-paying prepaid card option!

You will be able to withdraw your ‘web money’ from between a couple of hours and one day.

Alike PayPal, this e-wallet is quick at processing, so you can enjoy your winning funds quickly.

Does Betfair accept Bitcoin?

Bitcoin is currently not accepted as one of the payment options on the Betfair website.

There are alternative methods to choose from, listed in this article.

Does Betfair accept Revolut?

Revolut cards are accepted as deposit options for Betfair.

Revolut cards can be linked to credit cards and debit cards, however, you can only withdraw via bank transfer to your account.

Does Betfair accept Monzo?

Monzo is not an accepted payment option for Betfair withdrawals or deposits.

Does Betfair accept Amex?

The Betfair withdrawal limits the accessibility of paying through Amex.

Does Betfair accept Apple Pay?

Apple Pay is an accepted payment method when your Apple Pay is connected to your payment card. Most banks connect to Apple Pay.

You can receive fast funds through bank transfer.

Just simply use your face ID to begin the payment and the payment should instantly connect.

How long does it take to withdraw money from Betfair to Apple Pay?

The majority of ePayments will take two to five working days for a payout.

Usually, this will be paid out via express bank transfer.

Does Betfair accept Phone Bill?

Payments via phone bill are not accepted when playing on Betfair’s online casinos.

Does Betfair accept Boku?

Boku is not an accepted payment type, currently.

There are plenty of other methods to choose from, listed in this article.

Does Betfair accept EcoPayz?

You will not be able to pay via EcoPayz at this moment in time.

Does Betfair accept Ethereum?

You can NOT pay through Ethereum.

Betfair offers different payment types.

Does Betfair accept Neteller?

Neteller is an accepted payment method.

To make your first deposit with Neteller, simply go to deposit as you normally would, but choose the Neteller icon!

Any further information about depositing with Neteller will be disclosed.

How long does it take to withdraw money from Betfair to Neteller?

Withdrawals take around 24 hours to enter your Neteller account from your withdrawing request.

Neteller is known to be one of the ‘fast funds’ you are able to withdraw to.

There are withdrawal limits that include taking out a minimum withdrawal of £4.

Does Betfair accept Payforit?

Unfortunately, Payforit is not a payment type you can currently use.

Does Betfair accept Paysafecard?

You can play on this online casino when you deposit or withdraw with a Paysafecard.

There is not even a small fee included when paying with Paysafecards!

The deposit is instant and the withdrawal is super quick.

How long does it take to withdraw money from Betfair to Paysafecard?

Paysafecards have a processing time of 3 days!

This payment card will always give you fast funds once you have requested the withdrawal.

Does Betfair accept Trustly?

Trustly is currently not an accepted method of paying.

Your Betfair account can be linked to a variety of methods instead.

Does Betfair accept Mpesa?

Mpesa is not an accepted form of payment currently.

Does Betfair accept Naira?

Betfair is one of the amazing online casinos that accept payments through Naira!

Some other accepted web money payments are:

  • GBP
  • EUR
  • USD
  • DKK
  • AUD

Why does Betfair restrict bets on betting accounts?

Betfair can limit bets on betting accounts if you win too much on winnings.

They may also restrict your betting if they suspect you have multiple accounts.

Your account or bets may be restricted if you are continuously withdrawing.


As you can see in this article, there are a wide variety of payment types to choose from when playing this particular online casino.

The most popular method is PayPal, Neteller, and Skrill, however, bank transfers via visa debit card is also an extremely popular method.

Make sure that you know exactly which payment type you can use to prevent you from paying incorrectly.

Betfair offers a huge selection of payment methods to deposit and withdraw your cash.

You can view your bets in action with the live streaming accessibility now on Betfair

Check to see how Betfair compare in the largest max payout betting sites online in December 2022.

Betfair Related Posts

Here are all the related posts to the Betfair betting brand.

The Betfair British gambling company operates the world’s largest online betting exchange and provides sports betting markets including football, horse racing, golf betting and tennis. The British sports betting company is a huge brand in the gambling industry.

What is the Betfair maximum payout limit on a single bet?

The highest maximum payouts on Betfair winning bets are one million pounds.

Betfair Max Payout

Maximum Payout £1,000,000
Betfair Max Payout

New Customer offer. Place a min £10 bet on the Sportsbook on odds of min 1/2 (1.5), get £30 in Free Bets. Rewards valid for 30 days. SMS verification required. Only deposits via cards will qualify. T&Cs apply. Please Gamble Responsibly.

Full T&C's Apply

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As the Founder of British Racecourses, I have a life-long passion for horse racing and have loved the sport as long as I can remember. I am also a keen racehorse owner and have worked in the gambling industry for several years. I set up British Racecourses with the desire to share my passion for racing with other like-minded people.