Betfair Payment Options Guide

T&Cs apply | Wagering and T&Cs apply | Commercial content | New Customers Only | 18+

Commercial content / 18+ / New customers only / T&Cs apply / Gamble responsibly

Depositing and withdrawing money from Betfair is easy. Even if you are new to the world of online betting, you shouldn’t have any difficulties with completing the desired task. You can choose from several Betfair payment options and find the method that is just right for you. We will guide you through the process, step by step.

Betfair logo

Step By Step Guide To Payments

We already stated that the Betfair payment system is easy to use, but if you have a problem for any reason, just follow our step by step guide, and you should be able to complete Betfair deposit and Betfair withdrawal successfully.

How to Make a Deposit

Making a deposit to Betfair is fast and easy, and the process consists of several easy steps.

  1. Click on the grey-coloured “Deposit” button
  2. Choose either Debit Card or Alternative Methods from the list
  3. Enter the desired amount and click on the yellow “Deposit” button

And that’s it! If you are a newly registered player, don’t forget the Betfair promo code and the generous Betfair sign-up bonus – Up to £100 in free bets!

New customer offer. Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. T&Cs apply

Betfair promo code offer

How to Make a Withdrawal

If you learned how to choose a Betfair payment option and made an initial deposit, withdrawing money from your account won’t be a problem for you!

  1. Click on the “My Account” option located at the top right-hand side of the screen
  2. Click on the “My Betfair Account,” followed by “Payments” and in the end, “Withdraw”
  3. Choose the desired Betfair payment option to withdraw the money
  4. Confirm your password and select the “Withdraw” button

Remember, you can only withdraw from your Main Wallet. If you transferred funds to Poker or Exchange Games wallets, you need to transfer those funds back to your Main Wallet to withdraw them. Also, you will automatically use the same Betfair payment option you used for deposit – like many other online sportsbooks, Betfair operates under a closed-loop policy.

Betfair Wallets

Betfair has a main wallet where you will initially deposit the money, but they also have additional wallets for poker, casino and exchange market. If you want to transfer money to, for example, the exchange market, you will have to enter the balance, and then click the button “Transfer,” located next to “Exchange Games Wallet.” Also, don’t forget that you have to transfer the funds back to your main wallet if you want to make a withdrawal.

Betfair Payment Methods

Betfair payment methods cover all the major payment processors in the UK, and the customers shouldn’t have an issue with finding the most suitable Betfair payment option. It is important to know all the characteristics of Betfair deposit and Betfair withdrawal options, and we reviewed all of them in the tables below.

Betfair Deposit Options

Debit CardWebMoney
Minimum Deposit£6£5
Maximum Deposit£5000£999999
Payment Fee1.5%1.5%
Processing TimeInstantInstant
Neteller/SkrillBank Transfer
Minimum Deposit£15/£10£15
Maximum Deposit£45000£5000
Payment FeeFreeFree
Processing TimeInstant2-5 days

If payment by card: only debit card available

Betfair Withdrawal Options

Debit CardSkrill/Neteller
Minimum WithdrawalNo MinimumNo Minimum/£2
Maximum WithdrawalNo MaximumNo Maximum
Payment FeeFreeFree
Processing Time2-5 days24 hours
Minimum Withdrawal£50£150
Maximum WithdrawalNo MaximumNo Maximum
Payment FeeFreeFree
Processing Time1-5 days10-30 days

If payment by card: only debit card available

FAQs About Betfair Payment Methods

Here are some common questions that will clarify any uncertainties around the Betfair payment options:

1.Are the payment methods at Betfair secure?

Betfair payments are secure on both ends – Betfair payment options are trustworthy, global brands that serve millions of customers monthly, while Betfair itself pays attention to security on the site, and shields you from scammers and hackers. Rest assured that your money is in safe hands.

2. Which currencies are available at Betfair?

UK Sterling, Euro, US Dollar, Hong Kong Dollar, Australian Dollar, Danish Krone, and Swedish Krona.

3. How can I set a deposit limit at Betfair?

Betfair is one of the legal online sportsbooks that pledged themselves to responsible gaming. You can enter the section of the site that is built around that in the top right-hand side of the screen. There you will see the “My Gambling” menu, where you can set limits. Also, you will find lots of material about responsible gaming; you can get a health check, budget calculator, take a break and much more. All in all, if you need a reality check every once in a while, Betfair is one of the best betting partners for you!

Betfair payment options

4. What is the customer verification process?

Like any other online bookie, Betfair will ask you to verify your identity, usually after requesting the first withdrawal. You will have to send a personal document with your picture, name, and address that have to correspond with the data you provided after registering to Betfair. If you didn’t use a false ID, you won’t have a problem verifying your identity.

5. I haven’t received my Betfair withdrawal yet, what should I do?

Betfair uses a secure payment system, and some of the Betfair payment methods will require more processing time. Take a look at our table above and always be patient. If have been waiting for your money longer than you should according to the chart we provided, contact Betfair support.

6. Can I cancel a withdrawal?

Yes, you can cancel a withdrawal on Betfair! Go to “My Account,” and then “Withdraw Funds from Betfair.” You will see withdrawals that aren’t processed yet under “Pending Withdrawals.” You can cancel the process by clicking on the “Reverse” button, and your withdrawal will be instantly returned to the available balance in your main Betfair wallet.

Betfair Customer Service

Betfair customer service

Betfair has a comprehensive “Contract Us” page, and they left their customers’ several options for contacting them. You can reach out by mail, call them with your phone, and they also have a live chat available.

The quality of their support is the industry standard; you won’t find many complaints. We would give them five out of five stars.

More information about the operator can be found in our Betfair review.

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