Making Betfred Deposits & Withdrawals Online

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These days, the vast majority of leading online bookmakers go to huge lengths to make it as easy as possible make payments in both directions. Complicated and/or expensive transactions can be serious deal-breakers in the eyes of many gamers. When it comes to Betfred deposits and withdrawals, it’s by far one of the simplest and quickest systems around. From Betfred PayPal to credit cards and all the usual suspects, getting money in and out of your Betfred account is simple and fuss-free.

Step by Step Guide to Betfred Payment

The basic steps involved in making a Betfred deposit or withdrawal are pretty similar to those of most online bookies. However, one distinct benefit of Betfred deposits and withdrawals is that they are slightly quicker than certain rivals and also accepted from very low minimum amounts.

How to make a Betfred deposit

Starting with the Betfred deposit process, it’s a case of following a few simple steps to see the money enter your account instant. The process looks a little like this:

  1. Use your credentials to sign into your account.
  2. Click on the ‘Deposit’ button on the home page.
  3. Choose from the list of available payment methods.
  4. Enter the details and the amount you’d like to deposit.
  5. Click the button to set the transfer in motion.

If it’s your first time signing up to the bookie, it is worth checking if there’s a sign up bonus. Click the link below to find out.

betfred deposit
How to make a betfred deposit

How to make a Betfred withdrawal

Likewise, every Betfred withdrawal is a fuss-free process that can be completed in a few simple steps as follows:

  1. Use your credentials to sign into your account.
  2. Click on the ‘Withdraw’ button on the home page.
  3. Enter the required information and the amount you’d like to withdraw.
  4. Double check the withdrawal amount and payment information.
  5. Click the button to set the transfer in motion.
betfred-withdrawal
How to make a Betfred withdrawal

Betfred Payment Methods

While Betfred PayPal and credit/debit card payments are the most popular and common by far, it is also possible to credit an account using Skrill, Neteller, bank wire transfer and other region-dependent payment types.

Betfred tends to be very flexible and accommodating when it comes to payments, so there’s always the option of getting in touch with the team, if you cannot see a suitable payment method listed.

The deposit payment methods accepted and the specifics of each are as follows:

 

Deposit MethodMin. depositTransfer FeePeriod/duration
Credit Cards£5FreeInstant
Debit Cards£5FreeInstant
PayPal£5FreeInstant
Neteller£5FreeInstant
Skrill£5FreeInstant
Wire Tansfer£10Bank Charges3 Working Days
Cheque£10Free10 Working Days

 

Check out the table below for a full rundown of the accepted payment methods for Betfred withdrawals and the terms attached to each:

 

Withdrawal MethodMin. / Max.withdrawalTransfer FeePeriod/duration
Credit Cards£10FreeUp to 48 Hours
Debit Cards£5FreeUp to 48 Hours
PayPal£1FreeWithin 24 Hours
Neteller£5FreeWithin 24 Hours
SkrillNoneFreeWithin 24 Hours

FAQs

  • What are the fees of transfer for deposit & withdrawal? Are there any?

One of the best things about Betfred deposits and withdrawals is that the company itself doesn’t charge anything for payments in either direction. While some of the bigger brands continue to add commissions of 1.5% or 2% on credit card payments, all such payments are free at Betfred in both directions. The only exception is Betfred deposits and withdrawals that are made via bank wire transfer, as the bank itself may impose fees and charges.

  • How does the “proof of identity” process work?

It may be necessary to provide the company with proof of your identity, before being able to make your first Betfred withdrawal. This is a necessary process in order to prevent fraud and minimise the likelihood of customer accounts being hacked or misused. Where required, the customer will need to provide Betfred with a photocopy or scan of an official form of ID, like a passport or driving license. They may also accept recent utility bills or bank statements. All subsequent Betfred withdrawals will be processed with no ID required.

However when you sign up for the first time, you may have to give proof of identity. If you’re a new member, why not take advantage of a Betfred promo code?

  • Minimum Betfred deposit / Betfred withdrawal?

As mentioned, the minimum amounts accepted for both Betfred withdrawals and deposits is very low, making it a great broker for newcomers and casual gamblers. The average across most deposit types is £5, increasing to £10 for bank wire transfers and cheques. Withdrawals by way of Betfred PayPal can be as low as £1, credit and debit cards £10/£5 respectively and there are no minimums on Skrill withdrawals whatsoever.

  • Time of transfer for both (deposit and withdrawal)?

Transfer times vary in accordance with the Betfred deposit or withdrawal method chosen. All deposits with the exceptions of cheques and  bank transfers are processed instantly, while withdrawals vary in time from 24 hours to 48 hours. Despite not being instant, withdrawal times at Betfred are still much better than those of many rival operators.

  • How to cancel a withdrawal?

Withdrawal cancellations will be actioned only at the discretion of the company and in instances where the transaction has not yet been processed. Requests should be made as soon as possible as the Betfred withdrawal has been initiated by the customer, though they may be declined.

  • Which currencies are available on the site?

Betfred keeps things as flexible as possible for international customers, accepting a wide variety of currencies including Australian Dollar (AUD), Hong Kong Dollar (HKD), Norwegian Krone (NOK), Canadian Dollar (CAD), Icelandic Króna (ISK), Swedish Krone (SEK), Danish Krone (DKK), Japanese Yen (JPY), Singapore Dollar (SGD), Euro (EUR), Malaysian Ringgit (MYR), Thai Baht (THB), British Pound (GBP), New Zealand Dollar (NZD) and South African Rand (ZAR).

  • Do all the methods listed above to international transfers?

Availability of Betfred PayPal payment and other payment types varies from one country to the next, as do processing times and charges. Be sure to check out the full specific for your own region, before getting started.

Betfred Customer Service Evaluation

The Betfred customer service team is by far and wide one of the best you’ll come across right now. From bonus queries to Betfred PayPal terms and conditions to technical problems and so on, there’s nothing they can’t and won’t offer simply stellar assistance with. Sports betting customers can call 0800 028 7747 or email support@betfred.com, while poker, casino and bingo customers should call 0800 783 9146. The same email address can be used for all queries.

The postal address for Betfred is Unit 5.2, Waterport Place, 2 Europort Avenue, Gibraltar, while a live chat service operates on a 24/7 basis via every Betfred gaming website. If you have any questions on the Betfred bonus offers available or any terms and conditions, give the team a call for clarification.

We investigate the pros and cons of Betfred further in our Pitch Invasion Betfred review.

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