Betfred Deposit Guide and Payment Methods Terms
Read our deposit guide for Betfred to find out about the payment methods, minimum deposit, welcome offer eligibility and more.
Betfred Deposit Methods and Terms
Betfred has been in the gaming industry for a long time and thanks to various sponsorships throughout the years, it is now one of the most recognisable betting brands. Live streaming is one of the bookie's strengths and so too are promotions, with the Acca Flex being one of those available for existing customers.
Punters will be happy to hear that there is a great selection of payment methods offered as well, while the minimum deposit amounts are low for all of these. Below, we have collected everything you need to know about Betfred and depositing funds, from the payment methods accepted to the specific terms for each.
| Payment Method | Min. Limit | Max. Limit | Transaction Fee | Processing Time |
|---|---|---|---|---|
Visa
| £5 | Not specified | No fee | Instant |
Mastercard
| £5 | Not specified | No fee | Instant |
Paypal
| £5 | Not specified | Free | 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 Welcome Offers
| Operator | Welcome Offer | Bonus Code | Claim Offer | |
|---|---|---|---|---|
 |
Welcome Offer
Bet £10 Get £50 in Free Bets | SUMMER50 | Claim Offer | New customers only. Register with SUMMER50. Deposit £10+ 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. T&Cs apply. |
|
Welcome Offer
Stake £10 Get 200 Wager Free Spins |
No code required
| Claim 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. |
|
Welcome Offer
Bet £10 Get £10 + 100 Free Spins | BINGO100 | Claim Offer | New customers only. Register with promo code BINGO100. Minimum deposit and stake £10 on Bingo Tickets within 14 days to qualify. £10 Bingo Bonus must be wagered through once. 14-day expiry. Bonus Balance is used prior to Cash Balance. 100 Free Spins on selected Slots credited within 48 hours of qualification. Free Spins expire after 7 days. E-Wallet & Prepaid Card restrictions apply. SMS validation may be required. Full T&Cs apply. |
|
Welcome Offer
Play £5 Get £20 in Free Play | LOTTO20 | Claim Offer | New customers only. Register using promo code LOTTO20. Deposit and stake £5 on Lotto or Numbers draws within 7 days of registration for £20 in Free Bets. First bet must be placed on Lotto or Numbers draws. Free Bets Credited within 24 hours. Free Bet amount is not included in any return and expire after 7 days. Payment restrictions apply. SMS validation may be required. Full T&Cs apply. |
How to Deposit at Betfred
If you are unfamiliar with the deposit process at Betfred, you can follow our step-by-step guide below. It should be noted that we tested the deposit process on the bookie's app.
Head Over to the Deposit Section
Once you have opened the app, or the Betfred website for that matter, tap on the deposit button in the top right-hand corner of the screen.
Pick Your Preferred Payment Method
After navigating to the deposit section, you will have the option to choose your payment method. The minimum deposit amount is the same for all of these except Neteller, which requires at least £5.50 instead of £5.
Enter the Deposit Details
In this step, you will need to provide the details of the payment method that you opted for in the previous step. For example, we had to fill in the card details in our test, as you can see in the image below.
Tap On the Green ‘Deposit’ Button
Enter the amount you would like to deposit and click the green ‘Deposit’ button. Once this has been done, you will be able to begin betting.
Betfred Minimum Deposit
The minimum deposit at Betfred is set at a generous £5 and thus allows punters to place bets without putting too much on the line. It is also one of the best betting sites to accept such low deposits, thanks to all of its sportsbook features.
Having said all of this, in order to claim the Betfred welcome offer, you will need to deposit at least £10 with a debit card. Of course, you could do this the first time and then opt for £5 deposits after that, so it is not a huge drawback for new customers signing up (especially considering the great rewards).
Betfred Deposits Using Debit Cards
As already mentioned, partners will need to use this method to claim the welcome offer at Betfred. The deposit also has to be a minimum of £10, even though the minimum deposit amount for debit cards at Betfred is £5. No maximum is specified by the bookmaker.
| Payment Method | Min. Limit | Max. Limit | Transaction Fee | Processing Time |
|---|---|---|---|---|
|
Visa
| £5 | Not specified | No fee | Instant |
|
Mastercard
| £5 | Not specified | No fee | Instant |
Betfred Deposits Using PayPal
PayPal remains a very popular payment method among punters, despite the welcome offer ineligibility, and Betfred accepts this method as well. The minimum deposit amount is £5, which is quite low for this method, and there is no maximum amount specified.
| Payment Method | Min. Limit | Max. Limit | Transaction Fee | Processing Time |
|---|---|---|---|---|
|
Paypal
| £5 | Not specified | Free | Instant |
Betfred Deposits Using Skrill
While it's not the most common deposit option among UK punters, some evidently like to use it as a decent amount of bookmakers accept the method. Betfred is one of them and there is a minimum deposit amount of £5, with no maximum specified.
| Payment Method | Min. Limit | Max. Limit | Transaction Fee | Processing Time |
|---|---|---|---|---|
|
Skrill
| £5 | Not specified | No fee | Instant |
Betfred Deposits Using Neteller
Neteller, just like Skrill and PayPal, is one of the best e-wallets for betting simply because of how many betting sites accept the method. At Betfred, the minimum deposit amount is set at £5 and there is no maximum specified.
| Payment Method | Min. Limit | Max. Limit | Transaction Fee | Processing Time |
|---|---|---|---|---|
|
Neteller
| £5 | Not specified | No fee | Instant |
Betfred Deposits Using Paysafecard
Neteller and Skrill are both under the Paysafe umbrella but, having said that, it should be clarified that Paysafecard works in a completely different way. The pre-paid card has a minimum deposit amount of £5, while no maximum is specified.
| Payment Method | Min. Limit | Max. Limit | Transaction Fee | Processing Time |
|---|---|---|---|---|
|
Paysafecard
| £5 | Not specified | No fee | Instant |
Betfred Deposit FAQs
What's the minimum deposit on Betfred?
Can I put money on my Betfred account in the shop?
How do I change the deposit limit on Betfred?
Isak is an experienced content writer with a background in sports journalism. Having focused mainly on football in the past, he certainly knows a thing or two about the betting industry. At BettingLounge, Isak makes sure that all of the content is up to date, specialising in reviews of UK betting sites.