Betfred Payment Methods

James Dooley avatar

Written By:


Welcome to our review of Betfred payment methods updated in May 2024.

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

Check to see how Betfred compares in the largest max payout online betting sites in May 2024.

You can access instant deposits and rapid withdrawals on the Betfred Casino.

In this article, we will show you how to withdraw money, deposit money, and teach you the standard withdrawal times and payment limits.

Continue reading our article to find the best deposit and withdrawal options for you, on the Betfred betting site!

Find out more about Betfred payment methods:

Betfred Payment Methods

How do I withdraw money from Betfred?

Withdrawing money from your Betfred account is a very easy process, and it can be withdrawn within 48 hours using the same payment method.

All you need to do is:

  1. Log into your account
  2. Press the ‘My Account’ button.
  3. Select ‘Withdraw’
  4. Select the amount you wish to withdraw.
  5. Select the confirmation button.

You have to withdraw the money using the same method you paid with since this complies with anti-money laundering regulations.

If your funds cannot be redirected to the same payment method, they will be sent to your registered bank account via wire transfer.

The most popular withdrawal method seems to be bank transfers since it is one of the most convenient options.

Many people who take part in horse race betting use Betfred!

What is The Minimum Withdrawal At Betfred?

The minimum withdrawal at Betfred is £5 for UK punters.

This is fairly low compared with other betting sites.

Check to see if Betfred makes our list of low-withdrawal betting brands.

How do I deposit money into Betfred?

Making a Betfred deposit is as easy as making a withdrawal.

All you have to do is:

  1. Log into your account
  2. Press the “My Account” button
  3. Select the Deposit button.
  4. Select your payment method.
  5. Select the amount you wish to deposit.
  6. Then you simply press the confirmation button.

Then within a few days, you should receive your winnings!

What is the Minimum Deposit at Betfred?

The minimum deposit at Bedfred is 5 pounds, which is similar to other leading betting brands.

Betfred £5 Minimum Deposit £5 Deposit Bookmaker
Betfred £5 Minimum Deposit

New UK customers only. Payment restrictions apply. SMS verification and/or Proof of I.D. and address may be required. Betfred allows sports punters to deposit as little as a fiver for adding funds to their betting wallets. The ability to add 5 pounds cash is liked by low-rollers. #AD

Full T&C's Apply

Take a look to see if Betfred makes our greatest 5 pound deposit websites list.

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

Betfred’s maximum payout on a single bet is £1 million.

This is likely because of the popularity of the bookmakers, they know that high rollers are likely to bet with them and as a result, they win big.

What is the maximum withdrawal from Betfred per day?

The max withdrawal per day for Betfred is £25,000, via bank transfer.

Bank transfer is the most popular way that players withdraw funds!

If you are unsure of the maximum withdrawal using your preferred payment method, check the terms and conditions.

Like any other bookmakers withdrawal, times do vary, however, Betfred always aims to pay out within 3-5 days!

Why can’t I withdraw my funds from Betfred?

In some cases, additional identification may be requested in order to approve your withdrawal requests.

Betfred uses extra security checks to prevent online fraud.

You may have to present a copy or your photo ID, details of your credit card, or proofs of address in order to withdraw funds from your accounts at 888.

Before requesting a payout from any betting website, double check your payment details.

Some other factors that can cause Betfred withdrawal problems can include:

  • You need to submit your identity documents in order for the account to be verified.
  • If you attempted to withdraw less than £5, then you have failed to meet the minimum withdrawal amount.
  • You have exceeded your maximum withdrawal limit by withdrawing more that £25,000.
  • The wagering requirements on a bonus have not been met.
  • Your internet connection may be too slow.
  • Your computer could be experiencing technical problems.

Once you have tried to fix all the factors listed above and are still struggling with Betfred withdrawal problems, then make sure to contact the Betfred support team.

Does Betfred accept Credit Cards?

Credit cards are no longer accepted currencies in any betting shop such as Betfred for UK customers.

They may still be accepted for players in other countries, just not for the UK.

Does Betfred accept PayPal?

Betfred accepts the use of PayPal for both deposits and withdraws.

Depositing into Betfred using PayPal ensures that the process is instant and comes without additional fees!

The withdrawal process from Betfred to PayPal is typically finalized within a day!

One advantage of employing PayPal for both deposits and withdrawals at Betfred is the absence of any gambling transactions on your bank statements.

This is why a large number of Betfred customers in the UK favor PayPal as their chosen e-wallet for managing their winnings.

Verify whether Betfred is listed among the leading betting sites that accept PayPal.

Does Betfred accept Skrill?

Betfred accepts Skrill as a valid method for both depositing and withdrawing money.

Depositing into Betfred using Skrill incurs a transaction fee of 1%.

Withdrawing funds from Betfred to Skrill is typically completed within 24 hours.

Any betting activities carried out on Betfred via Skrill will appear on your banking records.

Many Betfred users opt for Skrill as their e-wallet of choice because of its fast and effective withdrawal mechanism.

Does Betfred accept Bitcoin?

Betfred now allows Bitcoin for both deposits and withdrawals.

Depositing into Betfred with Bitcoin is free of transaction fees, although withdrawing Bitcoin from your digital wallet may attract a fee.

Withdrawing funds from Betfred using Bitcoin is usually a quick process, with the funds often credited to your account in under 24 hours.

One of the perks of using Bitcoin for betting on is that it won’t show up in your bank statements.

Betfred stands out as a premier platform for Bitcoin use, providing a seamless experience for those who prefer hassle-free Bitcoin dealings.

Does Betfred accept Revolut?

Betfred accepts Revolut as a viable method for both depositing and withdrawing funds.

Before you can start depositing or withdrawing at Betfred using Revolut, it’s important to deactivate the gambling block in the Revolut app, a process that takes 48 hours.

Depositing into your Betfred account via Revolut comes without any transaction fees.

The process of withdrawing money from Betfred through Revolut is typically instant, which is highly valued by many bettors.

All wagering activities done on Betfred using Revolut will appear on your banking records.

Revolut is regarded by many UK users of as a convenient and effective choice for both accessing their winnings and depositing funds.

Betfred Revolut Revolut Payment Methods Available
Betfred Revolut

Depositing money to your Betfred Betting Account is made easy with Revolut VISA card. The Revolut App can pre-authorise payments to add funds to your wallet. #AD

Full T&C's Apply

Always check to see if Betfred betting has added additional payment methods or been added to our full list of Revolut sites.

Does Betfred accept Monzo?

Betfred accepts Monzo as an authorized method for both deposits and withdrawals.

Depositing money into your Betfred account with Monzo does not attract any transaction charges.

Withdrawing your funds from Betfred to Monzo usually requires 1-3 business days to complete.

All betting transactions carried out on Betfred through Monzo will be recorded in your bank statements.

Many users consider Monzo a handy choice for both depositing funds into their accounts and retrieving their winnings.

For other ways of depositing with Monzo visit our UK Monzo best-betting sites list.

Does Betfred accept Amex?

Betfred does not support Amex as a payment option.

It’s recommended to verify this information with American Express prior to engaging in any betting activities, to guarantee hassle-free transactions.

Taking this step not only helps prevent possible payment complications but also gives bettors assurance in utilizing their chosen payment method for ease and convenience.

Does Betfred accept Apple Pay?

Betfred supports Apple Pay for quick deposits on iOS devices, offering UK gamblers a secure and straightforward method.

The cost of depositing money into Betfred via Apple Pay may vary, depending on the card you have connected to your Apple Pay Wallet.

The time it takes to transfer funds from Betfred to Apple Pay can be instant when using a debit card, but may take between 1 to 5 days for e-wallets like Neteller or Skrill.

Betting transactions made with Apple Pay on could appear on your bank statements, which is contingent on the payment method you use.

Users of Betfred recognize Apple Pay as a reliable payment choice.

Does Betfred accept Phone Bill?

Betfred permits the use of Phone Bill as a valid form of payment for both adding and removing funds.

When you deposit money into Betfred using your Phone Bill, a transaction fee will be included in your next phone bill.

Withdrawing funds from Betfred back to your Phone Bill typically takes between 1 to 5 business days to process.

Betting transactions conducted on Betfred through Phone Bill will be reflected on your bank statements, which may be seen as a disadvantage by some bettors.

Many customers of Betfred favour Phone Bill owing to its rapid transaction process.

Does Betfred accept Boku?

Betfred approves Boku as a payment method.

Depositing funds into Betfred with Boku is free of charge, which is an attractive feature for many players.

While Boku allows you to deposit funds into your Betfred account, it’s important to note that withdrawals can’t be processed through Boku. Instead, you’ll need to set up an alternative payment method, such as PayPal, and the withdrawal timing will depend on this new method.

Boku-based gambling transactions on Betfred will be recorded on your bank statements. users often find Boku convenient, particularly for sports betting, as it eliminates the need to provide additional personal details.

Does Betfred Accept Google Pay?

Betfred recognizes Google Pay as an authorized option for depositing money into your betting account.

When you deposit funds into Betfred using Google Pay, you won’t face any transaction fees.

Withdrawals from Betfred to your account via Google Pay are usually completed within a 24-hour period.

Betting transactions made at Betfred with Google Pay will be listed on your bank statements, which could be considered a disadvantage by some users.

Many patrons frequently endorse Google Pay as their e-wallet of choice, praising its effectiveness in handling both deposits and withdrawals.

Does Betfred accept Ecopayz?

Betfred allows EcoPayz for both adding and withdrawing funds.

Depositing into Betfred via EcoPayz is free of any transaction charges.

For many e-wallets on Betfred, EcoPayz included, especially when using Visa Direct, withdrawals usually take between 24 to 48 hours.

Betting activities done on Betfred with EcoPayz will not show up on your bank statements.

E-wallets like EcoPayz on are becoming popular due to their ease of use and clarity, offering assurance to bookmakers about the security of their free bets and other transactions.

Does Betfred accept Ethereum?

Betfred supports Ethereum, one of the cryptocurrencies, for transactions.

When you deposit Ethereum into your Betfred account, there is a transaction fee involved.

Withdrawals made from your Betfred account using Ethereum are generally processed within 48 hours.

One of the major benefits of using Ethereum for betting on Betfred is that these transactions won’t appear on your bank statements, which is a significant plus for some users. customers often appreciate the ease and efficiency of using Ethereum for both depositing and withdrawing funds.

Does Betfred accept Neteller?

Betfred accepts Neteller as a payment option for both depositing and withdrawing funds.

Depositing into your Betfred account via Neteller incurs a transaction fee of 2.5%.

The process of withdrawing funds from Betfred using Neteller is usually quick, with the amount typically reflecting in your account within about 24 hours.

It’s important to note that any betting transactions carried out on Betfred using Neteller will be recorded on your bank statements, which some gamblers may consider a disadvantage.

Many users recognize Neteller as one of the fastest and most dependable methods for withdrawing their earnings, in addition to its secure and efficient transaction capabilities.

Does Betfred accept Paysafecard?

Betfred accepts Paysafecard as a valid payment method for deposits within the UK.

However, it’s essential to understand that withdrawals from Betfred using Paysafecard need to be processed via bank transfer.

The process of withdrawing funds from Betfred to your bank account using Paysafecard typically takes between 3 to 5 working days.

Be aware that any betting transactions executed on Betfred with Paysafecard will be reflected in your bank statements.

The inclusion of Paysafecard, along with various other methods and betting options on, contributes to the overall ease and convenience of the betting experience.

Does Betfred accept Trustly?

Betfred accepts Trustly as a valid method for both depositing and withdrawing funds.

Withdrawing your winnings from Betfred via Trustly comes without any transaction charges.

The process of withdrawing funds through Trustly from Betfred is typically very fast, often completed within 1 to 4 hours.

Be aware that all transactions, both deposits and withdrawals, made with Trustly on Betfred will appear on your bank statements. values Trustly for its security and efficiency in handling both deposits and withdrawals.

Does Betfred accept Mpesa?

Betfred does not accept Mpesa as an accepted payment method.

Yet, it’s important to understand that this exclusion is not necessarily permanent.

The potential for Betfred to incorporate Mpesa as an acceptable payment method in the future still exists.

Does Betfred accept Naira?

Betfred does not accept Naira as a payment option.

It’s possible that Betfred may decide to include Naira among their accepted currencies at a later date.

Does Betfred accept Starling Bank?

Betfred accepts Starling Bank as a payment method.

Winnings from your Betfred account will appear in your bank within 3-5 banking days when using Starling.

You will not be charged a transaction fee when depositing at Betfred with Starling.

A disadvantage to betting on Betfred with Starling is that your gambling transactions will appear on your bank statements.

For other ways of depositing with Starling visit our UK Starling best-betting sites list.

Why does Betfred restrict bets on betting accounts?

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

They can also restrict bets if they feel like you’re taking advantage of their bonus amounts and promotions. This essentially means if you only bet using promotional offers.

They can also limit bets if they find out you have more than one account, so this could be in your spouse’s name or someone else in your household.

Betfred accounts can send a notification that your account has been restricted on the stake you can place on bets.

Here are all articles related to the online betting and gambling UK Betfred bookmaker:

Betfred is one of the world’s biggest bookies, bringing customers a great sports betting and gaming experience.

Summary of Betfred Payment Methods

As shown in this article, there are many Betfred withdrawal options and Betfred deposit methods for you to choose from.

Betfred is an ever-growing company so if some of the methods mentioned in this article are not currently carried by Betfred, doesn’t mean they never will be.

They have many other ways for you to deposit or withdraw funds, so there will always be a way that suits you!

You can get the chance to watch the live streaming races on Betfred now!

The most popular methods are Debit cards, PayPal, Skrill, and Neteller.

Check out our list of the speediest withdrawal sites for betting!

Keywords Associated With Betfred Payments

We have included some of the top keywords associated with Betfred Payments below: