Sports Betting
Betfred Deposits Guide - Payment Methods for 2024
Betfred allows users to fund their accounts through various popular wallets like PayPal and Skrill. Here’s a detailed guide on how to deposit money at Betfred.
Once you’re a registered user at a betting site, you must first deposit to place wagers. Multiple popular methods are widely accepted among betting platforms, and Betfred ensures you can deposit money with ease.
Here’s how to deposit money on Betfred and everything you must know about Betfred deposit options.
Betfred Deposit Method
After registering, you’ll find the deposit option on the cashier page. Clicking on the deposit link will show you all Betfred deposit methods which you can use to fund your betting account.
Betfred customers can deposit money into their betting accounts using bank cards. These methods are time-tested and have been proven reliable transaction methods for a long time.
You’ll also find various e-wallets for quick deposits. These e-wallets are highly secure and convenient. You can finish your deposit with a single tap on an e-wallet app.
The payment gateways that Betfred accepts include the following:
● Visa
● MasterCard
● Neteller
● Skrill
● PaysafeCard
● PayPal
Betfred Deposit Time
Betfred aims to process deposit requests instantly, so you won’t have to wait to see your requested amount reach your account. Betfred deposit time might slightly differ from one method to another, but they should all be instant.
However, the operator might need to check some information you’ve submitted upon depositing, which might prolong the Betfred deposit processing time. This applies to all payment methods available at Betfred.
Deposit Fees
Some sports betting sites can charge you a transaction fee upon requesting a deposit. However, Betfred doesn’t charge users extra fees for deposits and withdrawals. Therefore, regardless of your chosen deposit method, you can fund your betting account for free. However, check that your payment provider doesn’t have hidden fees.
Minimum and Maximum Deposit Limits
Each deposit method that Betfred accepts has different limits. You must follow these limits to ensure your deposit process goes smoothly without issues. If you submit a deposit request lower than the Betfred minimum deposit, the operator will likely reject the request. Here are more details on the limits that Betfred has set.
Minimum and Maximum Deposit Limits
| Deposit Method | Min. Deposit | Max. Deposit |
| Debit cards | £5 | £9,999.99 |
| Bank transfer | £25 | No limit |
| PayPal | £5 | £5,000 |
| Skrill | £5 | £6,500 |
| Neteller | £5 | £4,000 |
If you aim to claim a Betfred deposit bonus, note that the minimum deposit requirement might differ from the usual minimum. This applies to Betfred’s first deposit bonus as well. However, you won’t have to watch for the Betfred minimum deposit amount when you claim a bonus through Betfred’s no-deposit promo code.
You should read every deposit bonus’s terms and conditions to determine the required minimum deposit and carefully read the fine print, including the bonus wagering requirements.
Non-Accepted Payment Methods
Although most deposit methods available at Betfred are popular wallets, there are other major wallets that the operator doesn’t take. Here are some of the most common payment providers that Betfred doesn’t accept.
Payz
Image for Betfred Deposit Method Payz
Despite being less popular than other e-wallets like Neteller and Skrill, Payz is one of the oldest e-wallets. With its time-tested security, Payz offers reliability to users. As an established payment method regulated by the FSA (Financial Services Authority) and FCA (Financial Conduct Authority), the e-wallet implements high-level security for users’ money transactions.
However, Payz isn’t as widely accepted as other e-wallets. In addition, the payment provider also charges money transactions even if the operator doesn’t.
Apple Pay
Image for Betfred Deposit Method Apple Pay
Although relatively new in the betting industry, Apple Pay is another e-wallet offering security and fast transactions. Although it isn’t as widely accepted as other e-wallets, Apple Pay has made a name for itself thanks to high-quality digital transaction methods. Apple Pay is a convenient way to transact for betting or purchases.
However, Apple Pay tends to have lower limits for depositing. It might also be unavailable for withdrawal, even if the sportsbook accepts the wallet as a deposit method.
Google Pay
Image for Betfred Deposit Method Google Pay
Google Pay provides users with secure and quick money transactions. The payment provider uses advanced encryption to secure users’ financial details. Google Pay is also usually eligible for the sportsbook’s bonus offers.
Another advantage of Google Pay is that the provider doesn’t require transaction fees. Unfortunately, like Apple Pay, many sportsbooks don’t allow Google Pay withdrawals despite accepting it as a deposit method.
Trustly
Image for Betfred Deposit Method Trustly
Trustly has steadily gained popularity in the sports betting industry. The e-wallet is a secure payment gateway that’s easy to use, making the digital wallet favourable among bettors.
One of Trustly's biggest advantages is its fast transaction processing, which only takes minutes to finish. All data you store on Trusty is encrypted, and the digital wallet’s fraud detection technology can ward off third-party manipulations. However, Trustly hasn’t reached the popularity of several other e-wallets like PayPal, so it’s not as easy to find a Trustly sportsbook.
Anders is an iGaming specialist with 7 years experience in content creation and strategy implementation in both the casino and betting industry across diverse markets with main focus on the Nordics.