Betfred Deposit Methods and Guide (2024)
Find out the payment methods, minimum deposit, how to deposit and welcome offer eligibility with our complete Betfred deposit guide.
Betfred Terms for Deposit Methods
In its almost 60 years of operating, Betfred has continued to better itself, and it is rightly considered one of the best bookmakers in the UK. Not only is the sportsbook great, but there is a nice casino section, making it quite a complete bookmaker. Additionally, the website and the app are nice to navigate which allows a smooth experience for customers.
There is a fantastic range of methods available when depositing on Betfred, including some of the most popular e-wallets, which is always welcomed. Below, we have collected everything you need to know about depositing funds into a Betfred account, from the methods to the specific terms for each.
| Payment Method | Min. Amount | Max. Amount | Transaction Fee | Processing Time |
|---|---|---|---|---|
Visa
| £5 | Not specified | No fee | Instant |
Mastercard
| £5 | Not specified | No fee | Instant |
PayPal
| £5 | Not specified | No fee | Instant |
Skrill
| £5 | Not specified | No fee | Instant |
Neteller
| £5 | Not specified | No fee | Instant |
Paysafecard
| £5 | Not specified | No fee | Instant |
Bank Transfer
| £85 | Not specified | No fee | Instant |
Betfred Sign-Up Offers
| Operator | Welcome offer | Bonus code | See Offer | |
|---|---|---|---|---|
 |
Welcome offer
Bet £10 Get £50 in Free Bets | BETFRED50 | See Offer | New customers only. Register with BETFRED50. Deposit £10+ via Debit Card and place first bet £10+ at Evens (2.0)+ on Sports within 7 days to get 3 x £10 in Sports Free Bets & 2 x £10 in Acca Free Bets within 10 hours of settlement. 7-day expiry. Eligibility & payment exclusions apply. Full T&Cs apply. |
|
Welcome offer
Stake £10 Get 200 No Wager Free Spins on Starburst |
No code required
| See Offer | New customers only. Opt In required. £/€10 min stake on Casino slots within 30 days of registration. Max bonus 200 Free Spins on selected games credited within 48 hours. Free Spins expire after 7 days. iOS app restrictions may apply. Email/SMS validation may apply. Not available in NI. Full T&Cs apply. |
How to Deposit at Betfred: Step-By-Step
If you are new to Betfred and would like to find out how to deposit, you can follow our step-by-step guide below:
Enter the Cashier
After entering the Betfred site or app, tap the 'Profile' icon in the top right corner of the screen, to enter the menu, then tap the 'Deposit' option to enter the cashier.
Select Deposit Method
Once you have entered the cashier, you will be asked to select your method of deposit, and there is a nice variety available to customers. As always in our tests, we used a debit card.
Enter Payment Details and Amount
With your method selected, the next step is to insert your payment details - including the card number, expiration date and security number - and then also enter your deposit amount. The latter must be higher than the minimum deposit amount.
As we do in each of our tests, we chose to deposit the minimum, so £5 in this case.
Tap On 'Deposit' and Start Betting
Finally, tap the green 'Deposit' button shown at the bottom of the cashier, and you will be taken to a confirmation screen showing that the funds have been added to your account. From here, tap the 'Home', 'All Sports' or 'Casino' tabs at the bottom of the screen to begin betting.
Minimum Deposit at Betfred
The standard minimum deposit on UK betting sites is normally £5 - with the only exception being Lottoland's £1 deposit minimum - and Betfred customers will see that this is the case when looking to add funds to their account. Whilst you must deposit and stake £10 to make the most of the welcome offers, having a £5 minimum is very good.
Debit Cards Deposits at Betfred
Given the restrictions when using sign-up offers, most customers start and stay with debit card deposits, and this is very understandable. As a result, this is the favoured method on Betfred and also the highest option presented when in the cashier. Furthermore, given the speed of not just deposits but also withdrawals, it makes sense to prefer this method.
| Payment Method | Min. Amount | Max. Amount | Transaction Fee | Processing Time |
|---|---|---|---|---|
|
Visa
| £5 | Not specified | No fee | Instant |
|
Mastercard
| £5 | Not specified | No fee | Instant |
PayPal Deposits at Betfred
Seeing bookmakers offering PayPal is not a new thing, but we are not complaining at all. The e-wallet offers quick transactions, and some believe that it is a safer way of depositing and withdrawing funds. Furthermore, withdrawals can sometimes take less time than other methods, which is a big incentive.
| Payment Method | Min. Amount | Max. Amount | Transaction Fee | Processing Time |
|---|---|---|---|---|
|
PayPal
| £5 | Not specified | No fee | Instant |
Paysafecard Deposits at Betfred
Customers will likely have seen Paysafecard as a deposit option on several betting sites, and for good reason. The deposit minimum remains the same at £5, but with some seeing it as a safer method of depositing, it is definitely a good option to have.
| Payment Method | Min. Amount | Max. Amount | Transaction Fee | Processing Time |
|---|---|---|---|---|
|
Paysafecard
| £5 | Not specified | No fee | Instant |
Skrill Deposits at Betfred
Skrill is a very popular e-wallet, and it does not come as a shock to see Betfred looking to make the most of this method. There are several benefits to using Skrill for betting transactions, and with a £5 deposit minimum, there are few downsides.
Additionally, customers can benefit from the inclusion of Skrill 1Tap which is a rare sighting on betting sites.
| Payment Method | Min. Amount | Max. Amount | Transaction Fee | Processing Time |
|---|---|---|---|---|
|
Skrill
| £5 | Not specified | No fee | Instant |
Neteller Deposits at Betfred
Similar to Skrill, Neteller is another well-known e-wallet, and Betfred's offering of both of the most popular traditional e-wallets is a very nice thing indeed. Partner this with a £5 minimum deposit and it is another strong point for the bookmaker.
| Payment Method | Min. Amount | Max. Amount | Transaction Fee | Processing Time |
|---|---|---|---|---|
|
Neteller
| £5 | Not specified | No fee | Instant |
Betfred Deposits FAQs
How do I deposit at Betfred?
What is the minimum deposit at Betfred?
More Betfred Guides
Accredited football journalist with a focus on Italian football, working for the likes of SempreMilan and Serie A Total. As an avid punter, I enjoy browsing sportsbooks for the best-value bets.