If you are looking for a great online operator, one of the factors you need to consider are the payment methods available. You want to know the available options you have to make deposits and withdrawals. With the available Betfair payment methods, you can rest assured knowing that you will have the required options.
Before making any deposits, we recommend you to check our detailed reviews. Read our Betfair sportsbook review for details about the Betfair online betting section of the brand. If you are interested in the casino, check out our Betfair casino review. Most importantly, to find out more about the available Betfair promotions, read our Betfair bonus review.
Continue reading to find out more about the Betfair payment methods and their features.
Deposits
There are multiple Betfair payment methods available for customers in the Philippines. Each option has unique features such as processing time, limits, and potential fees. Most deposits are instant and have no fees.
Readers can find information on some of the available Betfair deposit options in the following table. However, for a complete list of available methods and their features, please check the banking section of the Betfair website.
| Payment Method | Minimum Deposit | Timeframe for Deposit | Fees |
|---|---|---|---|
| MasterCard | – | Instant | / |
| Visa | – | Instant | / |
| Skrill | – | Instant | / |
| Neteller | – | Instant | / |
| PayPal | – | Instant | / |
One thing that Betfair online lacks are cryptocurrency options in the banking section. At the moment, there are no crypto options. However, with the popularity of Bitcoin, Ethereum, and others, we are certain that the brand might offer some of them soon.
How to Deposit Money in Betfair?
Depositing with the brand is easy, even for new customers. We offer a detailed guide on how to do it below.
- Go to the Betfair site and log in with your account.
- Go to the banking section and select deposits.
- Select the preferred deposit Betfair option.
- Provide the required information and the amount you wish to deposit.
- Please note that you will have to make a deposit equal to or higher than the Betfair minimum deposit amount, which is unique for each method.
- Finalise the deposit process.
The deposit process is almost identical for customers using the Betfair app. Furthermore, after making a deposit, customers open the door to Betfair sports betting and the Betfair casino, regardless of the platform they are using.
Withdrawals
Customers will have to use the same Betfair withdrawal option they used to make a deposit. Thus, giving customers the same options in the withdrawal section as the deposits. However, unlike deposits which are mostly instant, withdrawals will have a unique Betfair withdrawal time and a potential Betfair withdrawal fee. Similarly, each method has a Betfair minimum withdrawal limit.
Check the table below for more information on some of the available withdrawal options. These are just some of the options. For a complete list, please check the brand’s website.
| Payment Method | Minimum Withdrawal | Timeframe for Withdrawal | Fees |
|---|---|---|---|
| MasterCard | – | 2 – 5 Business Days | / |
| Visa | – | 2 – 5 Business Days | / |
| Skrill | – | – | / |
| Neteller | – | – | / |
| PayPal | – | – | / |
How to Withdraw Funds in Betfair
Making a withdrawal is simple. Customers can easily do it using a desktop version of the brand’s website or the app. Nonetheless, we offer a guide on how to do it.
The Benefits
Opening an account with the brand allows customers to use the Betfair full site features. Make a Betfair bet, play any available Betfair games, and more options are available once you register. Similarly, the Betfair payment methods also come with certain benefits. Let’s take a look at some of them.
Variety of Payment Options to Choose From
Customers can choose from a variety of payment options in the banking section. This guarantees that customers can find a viable option, and won’t have to worry about whether they have the appropriate banking options.
Minimum Deposit Option
The brand takes pride in having a low minimum amount requirement. With smaller minimum deposit requirements, customers can make multiple smaller deposits and take things slow. This is a great feature which many customers will be thrilled to find.
Minimum Withdrawal Time
Another feature the brand is proud of is the short withdrawal processing time. In other words, customers don’t have to wait long for the brand to process their transactions. Most deposits are instant, but it is the speed of withdrawals that makes customers happy, and Betfair delivers.
Little to No Charges
One of the issues with some brands are the fees on transactions. The charges slowly eat into the winnings of players. In other words, little to no charges with Betfair is a great feature. Most methods have no charges at all. After any potential winnings, customers can rest assured knowing that they can withdraw the complete amount.
Betfair App: Payment Methods Through the Betfair App
As mentioned, customers can easily complete any transactions through the Betfair app. To find out more about the app, you can read our exclusive Betfair app review. The app has no shortages compared to the desktop version.
Here is how to make a transaction using the app.
Cryptocurrencies
At the moment, there are no cryptocurrency options available in the Betfair banking section. However, with the growing popularity of crypto, the brand might work on acquiring the option soon. If it becomes available, we will notify you by updating our review.
Paypal
- Open the Betfair app on your phone.
- Log in with your account.
- Click on the My Account button at the top right corner of the home page.
- Select Deposits or Withdrawals.
- Provide any required information and the amount you wish to transfer.
- Finalise the transaction by clicking the Deposit or Withdraw button.
PayPal is an option available with the brand. However, it might not be available in all regions. Customers can check the brand’s website and see if the method is available, and all details regarding the payment option.
Gcash?
Unfortunately, Gcash is not an option the brand offers in their payment methods. However, with the number and versatility of other options, this is hardly a minus for the brand. We are certain that most customers can easily find a replacement for Gcash.
Supported Currencies
There are multiple currencies available, and customers can choose from one of them during the registration process.
If you are interested in how creating an account works, check out our Betfair registration review. Some of the available options include but are not limited to:
- US Dollar
- UK Sterling
- Euro
- Australian Dollar
What Are the Betfair Transaction Timeframes?
Each withdrawal method has a unique processing time. The brand is proud of their withdrawal methods having faster than usual. To find a complete list of withdrawal methods and their features, please visit the brand’s banking section.
How to Change Currencies in Betfair?
Customers can first select the currency they wish to use during registration. There are multiple options available. After creating your account, you might be able to change the currency in the Setting tab.
Go to My Account, Account Setting, and add another currency you wish to use. After that, you can change which currency you wish to be the main one.
