Betfair Payment Options Guide
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.
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.
- Click on the grey-coloured “Deposit” button
- Choose either Credit/Debit Card or Alternative Methods from the list
- 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 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). T&Cs apply.
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!
- Click on the “My Account” option located at the top right-hand side of the screen
- Click on the “My Betfair Account,” followed by “Payments” and in the end, “Withdraw”
- Choose the desired Betfair payment option to withdraw the money
- 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 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, 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
|Payment method||Minimum deposit||Maximum deposit||Payment fee||Processing time|
|Bank Transfer||£15||£5000||Free||2-5 days|
Betfair Withdrawal options
|Withdrawal method||Minimum withdrawal||Maximum withdrawal||Payment fee||Processing time|
|Credit/Debit Card||No Minimum||No Maximum||Free||2-5 days|
|Skrill||No Minimum||No Maximum||Free||24 hours|
|Neteller||£2||No Maximum||Free||24 hours|
|BankTransfer||£50||No Maximum||Free||1-5 days|
|Cheque||£150||No Maximum||Free||10-30 days|
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 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 “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!
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 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 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 operator readers find in our Betfair review.