Welcome to our review of Spreadex payment methods updated in April 2024.
Spreadex offers a large selection of payment methods to deposit and withdraw your money.
As Spreadex offers spread bets all payment methods need to be in compliance with the requirements laid down by the Financial Conduct Authority.
If you are looking to open a betting account with Spreadex, you might be wondering about their payment, deposit and withdrawal terms and conditions.
Spreadex offers a range of payment options for all of their players.
Keep reading our article to learn all about what kind of payment platforms are accepted by Spreadex.
How do I withdraw money from Spreadex?
If you want to make a withdrawal on the Spreadex site, then you can do via the following steps:
- Log in to your Spreadex account.
- Click on the Account Menu.
- Click on the Bank tab.
- Select the Withdrawal tab.
- Select the amount you wish to withdraw.
Typically, Spreadex will return your funds via the same banking method that was used for the deposit.
If it isn’t possible to return funds via the same deposit method, then the withdrawal will be directed to your registered bank account, via bank wire.
You can easily set up a bank wire transfer by adding your bank details to the withdrawal tab.
Keep reading to learn more about withdrawal times for each accepted payment method.
Why can’t I withdraw my funds from Spreadex?
If you cannot withdraw funds from Spreadex, your account might not be fully verified yet.
If you are unsure if your account is verified or not, you can check on their verification page.
If your account is verified but you are still experiencing troubles making withdrawals you should check that all of your payment details are correct, up-to-date, and haven’t expired.
You can change or update your withdrawal details on the withdrawal page.
There are loads of factors which can influence the likelihood of Spreadex withdrawal problems, some of these factors include:
- Your account was not validated. Your account will be not verified until you provide the required identification documents.
- You attempted to withdraw less that £50 minimum.
- The amount of withdrawal is greater than the maximum, which is £25,000.
- The bonus wagering requirements have not been met.
- It’s possible to have a bad Internet connection.
- It is possible that your computer has technical problems.
You should contact Spreadex if you receive any error message when attempting to make your withdrawal. You can contact them here.
How do I deposit money into Spreadex?
Spreadex accepts multiple different payment methods. You can make a deposit via the following steps:
- Log in to your Spreadex account.
- Click on the Deposit tab.
- Select your favoured payment option.
- Select the amount you wish to deposit.
- Click Deposit again.
- Wait for your instant deposit to be processed.
Bear in mind, you can only hold up to 5 debit cards on your account. If you wish to add a new card you may need to remove one of your existing cards.
Your name, address, and date of birth must be verified before you can make your initial deposit.
Once you have added your debit card to your Spreadex account, it will be stored for any future payments. You can use the quick deposit feature once you have registered your credit and debit cards.
If you attempt to place a bet without having any funds in your Spreadex account, then you will need to enter your card details.
What is the Minimum Deposit on Spreadex?
The minimum deposit for Spreadex is £1 which is extremely low for a betting site.
It is for this reason Spreadex makes our list of the lowest deposit betting sites in the UK.
Does Spreadex offer a £5 Deposit Option?
Spreadex offers a £5 deposit option when betting on the site.
There are no minimum deposit requirements, joining fees, contracts to sign or obligations to trade. Speadex allow deposits as little as £1 so any punters trying to make 5-pound deposits are accepted. #AD
Full T&C's ApplyCheck to see what other 5 pound deposit betting sites are available in 2024.
What is the Spreadex maximum payout limit on a single bet?
The maximum payout currently available at Spreadex is £25k.
Maximum payouts will vary depending on what offers are available.
If you are unsure about what the current max payout is, always check the Spreadex website.
18+ begambleaware.org. Spread betting losses can exceed deposit. #AD
Full T&C's ApplyCheck to see how Spreadex compare to the highest max payout betting brands online in April 2024.
What is the maximum withdrawal from Spreadex per day?
On the Spreadex site, the maximum withdrawal amount, at any one time, is £25,000, via wire transfer.
You can find the max withdrawals for each available Spreadex payment option below:
- Debit cards – £25,000
- Wire transfer – £25,000
- Paypal – £5,000
- Paysafecard account – £2,000
- Apple pay deposit – £2,000
If you are withdrawing cash, always make sure to check the minimum and maximum withdrawal requirements, to ensure your withdrawal request will be processed.
What is the maximum deposit from Spreadex per day?
On the Spreadex site, the maximum deposit amount, at any one time, is £20,000, via wire transfer, and the minimum deposit amount is £5.
You can find the max deposits for each available Spreadex payment option below:
- Debit card – £25,000
- Apple pay – £2,000
- Google pay – £2,000
- Paypal – £5,000
- Wire transfer – £25,000
If you are depositing cash, always make sure to check the minimum and maximum deposit requirements, to ensure your deposit request will be processed.
Does Spreadex accept credit cards?
Spreadex does not accept credit cards as a payment method.
Debit Card are accepted as an alternative at Spreadex.
You can make secure deposits on Spreadex with Visa, Electron, Maestro and Mastercard debits.
Deposits into Spreadex using a debit card are instant and free of charge.
Your deposits via Debit Cards will appear on your bank statement as being paid directly to Spreadex.
Deposits can be processed through Mastercard ID Check or Visa Secure to ensure protected payments are made. This method of security may require additional security information, such as fingerprint or facial authentication.
Does Spreadex accept PayPal?
Spreadex does not accept PayPal as a payment method.
Spreadex does not allow the use of third-party payments.
In betting, PayPal is used as a digital wallet for making deposits and withdrawals.
You can link your PayPal account to your betting account and use it to securely transfer money.
Transactions with PayPal are usually fast, and they provide an extra layer of privacy since your bank details aren’t shared directly with the betting site.
We have reviewed the best available PayPal websites to bet on in 2024.
Does Spreadex accept Skrill?
Spreadex no longer accepts Skrill as a viable payment method.
In betting, Skrill is a digital wallet or e-wallet service used to deposit and withdraw funds from online betting accounts.
Skrill allows you to transfer money to and from betting sites without directly using your bank account or credit card.
Check our list of the greatest Skrill betting sites for more ways to fund your bets.
Does Spreadex accept Bitcoin?
Spreadex does not accept any cryptocurrency, such as Bitcoin, as a form of valid payment.
In betting, Bitcoin is used as a digital currency for making deposits and withdrawals on betting sites.
Bitcoin allows for transactions that are often faster and more private compared to traditional payment methods.
Users can transfer Bitcoin from their digital wallets directly to the betting site’s wallet and vice versa.
Players used to be able to use their Bitcoin on Spreadex by transferring through their Neteller account. However, Neteller is no longer a viable payment option either.
Does Spreadex accept Revolut?
Spreadex accepts Revolut for deposits and withdrawals.
Withdrawals from Spreadex using Revolut can from 1 to 5 days to appear in your account.
Revolut does not seem to charge a fee when depositing on Spreadex.
Betting on Spreadex using your Revolut card will have gambling transactions appear in your bank account. This could be a disadvantage to many gamblers.
When depositing funds via the Revolut card a Mastercard ID check is needed when you need to authorise payment in your Revolut app. The pre-authorisation needs to be completed within 5 minutes of the deposit request. Money is transferred instantly once payment is authorised. #AD
Full T&C's ApplyCheck out our list of best betting sites that accept Revolut deposits and withdrawals.
Does Spreadex accept Monzo?
Spreadex accepts Monzo as a payment method.
Withdrawals from your Spreadex account via Monzo can be instant or take up to 5 days.
No transaction fees will be charged when you deposit on Spreadex using your Monzo card.
Any transactions made from Monzo with Neteller will show up in your statements, which may be seen as a downside to some bettors.
For all information on Monzo deposits and withdrawals, read the information under the credit card heading of this article.
To make payments online, log in to your Spreadex account then click ‘Payments’. To make payments at www.spreadex.com via your smartphone. #AD
Full T&C's ApplyYou can also find other ways to deposit and bet online using Monzo.
Does Spreadex accept Amex?
Spreadex does not accept Amex as a payment option.
You can, however, use a range of payment methods to make withdrawals and deposits, such as bank transfers or bank wires.
Amex, short for American Express, is a global financial services company known for its credit card and charge card services.
Does Spreadex accept Apple Pay?
Spreadex accepts Apple Pay for withdrawals and deposits.
There are no charges attached to using Apple Pay when you deposit on Spreadex. Although this could vary depending on which payment provider is attached to your e-wallet.
Spreadex withdrawals using Apple Pay are issued via bank wire transfers, which take around 1–5 days to reach your account.
Gambling transactions from Spreadex could appear on your bank statements, depending on what payment option is linked to your Apple Pay.
Find out if Spreadex makes the top Apple Pay Bookies.
Does Spreadex accept Google Pay?
Spreadex accepts Google Pay as a payment method.
There are no charges attached to using Google Pay as your deposit and withdrawal method on the Spreadex betting app.
Using Google Pay to withdraw from Spreadex can take 2–5 working days for winnings to appear in your account.
Betting transactions are likely to show up on your bank statements when you bet on Spreadex.com using Google Pay.
But does it make our top-rated list of Google Pay sites to bet on?
Does Spreadex accept Phone Bill?
Spreadex does not accept payments through Phone Bill.
Paying through phone bill in betting is a payment method where you deposit money into your betting account, and the amount is charged to your mobile phone bill.
Does Spreadex accept Boku?
Spreadex does not accept Boku as a payment method.
Spreadex does not accept third-party payments at this moment in time.
Paying with Boku is a method where you make online payments and the charges are added to your mobile phone bill, or deducted from your prepaid balance.
Does Spreadex accept EcoPayz?
Spreadex does not accept EcoPayz as a deposit or withdrawal method.
EcoPayz is an e-wallet service used for online payments and money transfers.
Does Spreadex accept Ethereum?
Spreadex does not accept the use of Ethereum for deposits or withdrawals.
Ethereum is a blockchain platform with its own cryptocurrency, Ether (ETH). It’s used for secure, digital transactions and also supports smart contracts and decentralized applications.
Does Spreadex accept Neteller?
Spreadex no longer accepts Neteller as a form of payment.
If you have made previous deposits using Neteller, you may still be able to withdraw the funding from your account.
Does Spreadex accept Payforit?
Spreadex does not accept Payforit as a valid form of payment.
Payforit is a payment service that allows you to make purchases and payments online, and the charges are added to your mobile phone bill.
Payforit is often used for small transactions like app purchases or online services, including mobile deposits in betting or gaming sites.
Continue reading our review to find out why Spreadex might restrict players betting accounts.
Does Spreadex accept Paysafecard?
Spreadex does not accept Paysafecard as a payment method.
Spreadex does not allow third-party payments or pre-paid vouchers such as Paysafecard.
Paysafecard is a prepaid payment method used for online purchases. You buy a voucher with a set value and use its unique PIN to pay online without a bank account or credit card.
Does Spreadex accept Trustly?
Spreadex does not accept Trustly for withdrawals or deposits.
Trustly is an online payment system that allows secure and instant payments from UK issued cards.
Some sites even offer bonus credit when you sign up to their platform using Trustly.
Trustly allows direct bank transfers online without needing a card or app.
Does Spreadex Accept Starling?
Spreadex accepts Starling Bank as a form of payment.
Spreadex withdrawals using Starling bank can take 2-5 working days to appear in your account.
When you deposit into Spreadex using Starling, you will not be charged a transaction fee.
A downside to using Starling Bank to bet on Spreadex is gambling transactions will appear on your bank statements.
You can also find other ways to deposit and bet online using Starling.
Why does Spreadex restrict bets on betting accounts?
Spreadex can restrict bets on betting accounts if you win too much on winnings.
They may also restrict your betting if they suspect you have multiple accounts.
Players may make more than one account in an attempt to benefit from the welcome bonus or other new customers offers.
This is a violation of the Spreadex terms and conditions, so if caught, you will be reprimanded and may even have your accounts suspended.
Spreadex accounts can also restrict the maximum and minimum amount you are able to place on bets.
Summary
Spreadex accepts a wide range of payment methods with fast bank processing time limits.
For example, the most commonly used payment options include Debit payments, Apple Pay, and Paysafecard, which have all the same features, including no charges for use.
While Spreadex used to accept credit cards, Neteller and Skrill, this is no longer the case. Make sure to request your withdrawals for any deposits within the limited processing time available to you.
Always check which Non-UK issued cards are accepted if you are betting from outside the United Kingdom.
Check out our list of the quickest withdrawal betting sites!
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