Betfair Payment and Withdrawal Methods December 2024

Betfair Deposit Options and Limits 

You can deposit funds into your Betfair account via:

• PayPal
• Skrill
• Neteller
• Apple Pay
• Bank Transfer
• Ukash
• InstaDebit
• Debit Cards

Betfair's payment section is safe, reliable and secure. So you can trust the operator with your personal information and money. The deposit limits vary depending on the country you are betting from. The minimum deposit amount for UK customers is £5 for most methods, while some might need you to deposit at least £10. The maximum deposit limit ranges between £50 and £5 000. The customer support team usually sets the maximum limit, and you can always ask them to adjust.

Initially, Betfair used to charge some deposit fees, which was a major turn-off to many customers. Thankfully, the operator made some changes, and the fee charges were scrapped. At the moment, all Betfair deposits are free of charge apart from express bank transfers. All methods process deposits instantly so you can fund your account and start betting immediately. Generally, no matter your chosen method, Betfair guarantees that all your funds will always be safe and secure.

Which Credit and Debit Cards are Accepted?

Punters can comfortably make their payments using credit or debit cards. Betfair supports the use of credit and debit cards as payment options. The bookmaker accepts payments made via:

1. Visa
2. Maestro
3. MasterCard
4. Electron

These cards have a minimum deposit limit of £5, which is fair for low-stake punters. They do not state the maximum deposit limit, but you can confirm this from Betfair's customer support. Deposits made via cards are usually processed immediately, while withdrawals might take up to 3 days. That being said, it is clear why most punters love using credit cards.

Is PayPal Accepted?

Convenience and security are top priorities when choosing payment methods. So, let's talk about PayPal on Betfair.

PayPal is a favourite among Betfair punters. And I can understand why!

PayPal delivers on fast processing times. Deposits go through instantly, meaning you can start placing bets right away. Withdrawals are also prompt, typically arriving within 12-24 hours, which is a big plus.

Let's face it: online transactions require trust. PayPal has a well-deserved reputation for robust security measures, giving you peace of mind when linking your bank account.

Transparency is key, and Betfair doesn't disappoint. Deposits made with PayPal incur no additional fees, so your £10 deposit lands safely in your account balance, minus any applicable bets!

Whether you're a casual player or a high roller, Betfair caters to both. While the bookmaker doesn't set a maximum deposit limit, the minimum deposit is a reasonable £10. Withdrawals also have flexible limits, giving you control over your finances.

If you're a UK punter looking for a convenient, secure, and fee-free payment method on Betfair, PayPal is a strong contender. The fast processing times and flexible limits are the icing on the cake. Remember to check any promotion terms and conditions for potential payment method restrictions.

Ultimately, the choice is yours, but Betfair and PayPal make a winning combination for many UK punters! 

Betfair Withdrawal Options and Transaction Times

All Betfair withdrawals are free of charge apart from those made via express bank transfer. This is very rare since most bookmakers impose some fees on withdrawals. Punters can request a payout using the same methods available for deposits. These methods include PayPal, Neteller, Skrill, Maestro, MasterCard, Visa, Visa Electron, Bank Transfer, iDebit, and Ukash. However, you cannot withdraw funds using pre-paid cards and voucher systems like Paysafecard. Betfair has a policy that states all withdrawals must be made using the same method you used to deposit.

One of the fastest withdrawal methods is PayPal; all transactions are processed within 24 hours. Withdrawals made through cards take 2 to 5 days, while Bank transfers can take up to 7 days. Therefore, the days it takes for your withdrawal to be processed depend on your chosen method. Betfair does not have a list of its minimum and maximum withdrawal limits. It would be best to remember that the operator has some withdrawal rules. For instance, all withdrawals are subject to security clearance, and you have to verify your account before making your first cash out.

Betfair Payment Methods FAQ