Deposit Money Safely at Betfred: Our Step-By-Step Guide for 2024

Alex Waite


Published on July 6, 2023 
Last updated July 6, 2023
Alex is a sports writer who specializes in football, cricket, and sports betting. When he is not writing about football, he can either be found supporting his favourite team, Crystal Palace, or playing football on a local pitch.

New and existing bettors can learn how to make a Betfred deposit with this complete guide.

Betfred is a well-known international bookmaker with sports betting and casino game options. In this Betfred review, South African bettors can learn all about:

  • Making a deposit with this bookie.
  • Available payment options.
  • Possible Betfred account funding issues that can arise.
  1. R5 000 First Deposit Match
    18+. Roll over five times at odds of 1/1 or better before they can be transferred to main wallet. Can be used to place bets on multiples, provided each leg of the multiple is at odds of 1/4 or better. T&Cs apply Full T&Cs

πŸ” How Do I Make a Deposit on Betfred in South Africa?

At present, bettors have several Betfred deposit methods available. The available Betfred banking methods are included in the list below.

  • Electronic Fund Transfer (EFT)
  • In Store
  • Credit/Debit Card
  • Vouchers

After you have chosen your preferred payment option, you can learn how to deposit with Betfred. Below, you can follow a step-by-step guide that covers all deposit options.

  1. First, log on to your account on the desktop or on the bookie’s mobile site. Since there is no Betfred app for punters in South Africa, this is the only way to access the operator via a mobile device.
  2. Second, click the deposit option located in the top left corner of the page.
  3. Next, the deposit methods will display on the screen. Scroll down and select your preferred option.
  4. If you select EFT options, you will need to select your bank provider and enter your banking details. However, for vouchers, input your phone number and voucher code.
  5. Lastly, click confirm and the Betfred South Africa deposit guide is complete.

Presently, some deposit options are more popular than others. Here you can discover all about Betfred deposit time and find out how to make a payment.

Popular Deposit Methods On Betfred In South Africa

πŸ’΅ EFT

First, EFT payments are sought after because the Betfred deposit time is quick. Also, players often view bank transfers as more reliable than other methods. Therefore, bettors regularly use EFTs to complete the Betfred South Africa deposit guide.

Although, some bank providers might apply Betfred deposit limit or transaction fees.

  1. Login to start the deposit process for EFT.
  2. Second, go to the deposit page.
  3. Find EFT and then select your bank from the list available.
  4. Input your bank and personal details.
  5. Set your deposit amount.
  6. Lastly, the funds will be available in your betting account immediately.

πŸ’΅ Vouchers

Alternatively, some customers like to use vouchers to make a payment. Generally, the deposit minimum amount is low for vouchers so they are a popular choice.

Also, players can purchase a voucher online quickly and simply input a code to complete the payment. As a result, it is one of the more efficient ways to finish the Betfred South Africa deposit guide.

  1. After you complete the Betfred registration, you can login to your account.
  2. Then head to the deposit page and click the voucher.
  3. Select your voucher provider from the list.
  4. You will then be prompted to enter your phone number and voucher number.
  5. Once confirmed, the funds will display in your account.

πŸ’΅ Credit/Debit Card

Also, players can deposit at Betfred with credit/debit cards. However, these transactions are processed via the Peach card payment system. These deposit options are popular as credit and debit cards are safe and reliable. Also, bettors must complete several safety steps to complete a deposit.

But, the deposit minimum amount can be higher compared to other methods. Also, bank providers may take longer to verify the transaction.

  1. Firstly, log on, head to the deposit page, and select Peach.
  2. Then, you can choose your card provider from the list available.
  3. Enter your details and set your deposit amount.
  4. Lastly, the funds will be sent to your account immediately.

πŸ’΅ In Store

Lastly, players can head to their nearest Betfred store and make an in-person deposit. This option is helpful for players who want to deposit real money and who live nearby a shop. Also, there are no minimum deposits in person. However, players must live close to a retailer to make this transaction.

  1. To start the Betfred deposit process in-store, head to your nearest retailer.
  2. Provide the clerk with your account number.
  3. Then place your qualifying deposit in cash or on card.
  4. Next, you will get a receipt and your funds will be in your personal account.

❓ What’s the Minimum Deposit Amount per Payment Method on Betfred?

In the table below, you can see the Betfred deposit limit for each method.

Payment MethodsMinimum deposit amount
Credit/Debit Cardsx
In StoreNo minimum

πŸ† Tips For Making a Successful Deposit at Betfred

Before you start the Betfred South Africa deposit process, take time to get prepared. Ultimately, this can save you time and hassle when making deposits and Betfred withdrawals.

Below are some important tips to consider on how to deposit with Betfred.

  • Ensure you have completed the Betfred registration in full.
  • Make sure you have verified your account with a valid ID.
  • Check all the deposit bonus requirements before making a deposit.
  • Check you have valid funds in your payment account.
  • Also, be aware of the minimum deposit amounts for each deposit method.

❌ Common Deposit Problems at Betfred and How to Solve Them

Occasionally, you might encounter a Betfred deposit problem. However, most issues are easy to solve with a few easy-to-follow solutions. Although, if you have a Betfred deposit problem and you cannot solve it with the advice below, contact the bookmaker.

First, for all deposit and withdrawal transactions, you must provide accurate and valid details. Therefore, always double check your details are 100% accurate before submitting. A deposit request cannot be processed if you enter incorrect information.

Also, ensure your Internet connection is strong and safe. Sometimes, bettors cannot complete a transaction if their wifi or data times out. As a result, always try to make a payment via a home connection, rather than on public wifi or data.

Deposit With Betfred in South Africa – FAQs

Lastly, you can see some common questions about the Betfred deposit guide and other topics.

Overall, this Betfred review found four different deposit methods. These are EFT, vouchers, debit/credit cards, or in-store.

Usually, the deposit process is instant for all methods. Allow for at least 15 minutes for funds to show. But if the process takes longer, contact the provider.

If you have followed all the deposit process requirements and the payment doesn’t work, try from a different browser. Also, check if your Internet connection is working. However, if problems continue, contact the company directly.

First, you will receive deposit and withdrawal notifications. Second, the funds will show in your account once the process is done.

New customers can get the deposit bonus. However, there is no sign up bonus no deposit as players must meet certain qualifying steps to claim the welcome offer.