Bettors will need to make a Betfred withdrawal once funds are available in their betting account. And if you wonder how to withdraw from Betfred, this guide will provide you with useful information.
In this review, you can find out the following:
- How to complete the withdrawal process.
- What the available payment methods are.
- Conditions that need to be met to make a withdrawal at Betfred.
R5 000 First Deposit Match18+. 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
🔍 How Do I Make a Withdrawal With Betfred in South Africa?
Firstly, you can learn how to withdraw from Betfred with some easy-to-follow steps. Bettors can use the following instructions for all Betfred withdrawal options currently.
Follow the Betfred withdrawal process guide below to make a transfer from your account today.
- Ensure you have a valid account and have completed the Betfred registration in full.
- Second, log into your personal account and head to the withdrawal section.
- Here, you will see all the available withdrawal options. Choose your method to proceed.
- Next, input the details for your selected withdrawal methods.
- Review your details and confirm the transaction. Also, be aware of the Betfred withdrawal fees here.
- Lastly, you will receive confirmation that your withdrawal process has been completed.
💳 What Are the Different Ways to Withdraw From Betfred in South Africa
Before you learn how to withdraw from Betfred, you will need to choose your preferred payment method.
Presently, bettors have a variety of Betfred withdrawal options available to select from. However, each option comes with a different Betfred withdrawal time and varying minimum withdrawal amounts too.
In each section below, you can find out more about each of the available Betfred withdrawal methods.
- Standard Bank Instant Money
- FNB e-Wallet
- In-Store Withdrawals
Electronic Fund Transfers (EFT) are one of the most popular Betfred withdrawal methods. Many banks in South Africa allow EFT transactions. As a result, players can efficiently send funds between their bank and betting account.
Although EFTs are a useful and reliable transfer method, the transaction times can take up to 72 hours. Also, some banks might charge a processing fee. Always check with your bank before starting an EFT payment.
💵 Standard Bank Instant Money
Standard Bank is one of the biggest South African money providers. Also, bettors can use the Instant Money service to send funds quickly to a Betfred account. Usually, transactions take just 24 hours to arrive in your betting wallet. But, the provider does apply a 2R fee for instant money payments.
💵 FNB e-Wallet
E-wallets are one of the most used payment options worldwide. FNB, a reputable South African banking provider, allows payments to Betfred.
Therefore, players can install the FNB e-wallet and link this to their betting account. In addition, payments are usually processed and sent instantly. Also, it’s likely that players will also be able to use this service on the Betfred app once it becomes available.
💵 In-Store Withdrawals
Today players can make a withdrawal or a Betfred deposit in person. Currently, Betfred South Africa has several stores in South Africa, and players can head here to make a payment.
One of the pros of in-store withdrawals is the lower minimum limit, as players can withdraw any amount from their account. Also, withdrawals are paid instantly. However, if you do not live close to a Betfred store, this option can be time-consuming.
Lastly, players can complete the Betfred withdrawal process with Ozow. This monetary provider links customers with South African companies. Also, bettors can set up their preferred bank provider with the Ozow platform for smooth payments.
But not every South African bank is linked to Ozow. Also, the processing time is quite long at 72 hours.
|💵 Withdraw Methods||⏳ Average Processing Time||Withdrawal Limit|
|Standard Bank Instant Money||24 hours||N/A|
❓ Restrictions and Conditions for Withdrawing From Betfred in South Africa
Although players have a range of Betfred withdrawal methods, there are some limitations when transferring funds from this site. Here, you can review some of the restrictions of the withdrawal process.
Some Betfred Withdrawal Options Not Included
One main restriction of Betfred withdrawals is the lack of popular international options. For instance, credit/debit cards are not accepted for transfers from accounts. Also, withdrawals via popular payment systems like PayPal are also unavailable currently.
Second, players cannot withdraw bonus amounts from Betfred. Instead, these are provided as a bet credit or free bet to your account. However, players can wager their credits and withdraw the winning using any of the available withdrawal options.
As per the Betfred withdrawal rules, bettors must verify their identity before making bets or payments. Ultimately, this prevents fraudulent activity on the betting site.
As a result, to prevent any delays with withdrawals, verify your account as soon as possible. Then you can start using the brand’s betting services.
✅ To Conclude – Withdrawal With Betfred in South Africa
Overall, this How to withdraw from Betfred guide has found some pros and some cons for this process.
First, the bookmaker has plenty of popular withdrawal options. Therefore, players have multiple choices when moving funds from their accounts. Also, the withdrawal time for some methods is quick and easy. The Betfred Withdrawal process is quick and efficient too, and can be completed in just a few minutes.
But there are some withdrawal problems that players might encounter. First, not every South African payment option is included. For instance, the way to withdraw from the Betfred process does not allow PayPal, cryptocurrency, or Neteller.
Despite some of the Betfred withdrawal problems, players will generally find payments smooth and easy from this brand.
In addition, for further details on betting services and wagers, check out the complete Betfred review.
Betfred Withdrawal – FAQs
Lastly, you can find answers to common questions about the Betfred withdrawal steps here.
Currently, you can use four different withdrawal methods. These include EFTs, instant money, FNB e-wallet, in-store withdrawals, and Ozow.
The bookmaker has not specified its minimum and maximum withdrawal amounts.
At present, the Betfred withdrawal times vary. For instance, in-store and FNB e-wallet payments are processed instantly. However, Ozow and EFT transactions can take up to three days.
The bookmaker does not apply any Betfred withdrawal fees currently. However, bank providers might have their own fees for EFT payments. Check with your bank before committing to an EFT transaction.
According to the current Betfred withdrawal rules and brand terms and conditions, all bettors must complete FICA checks and procedures before completing payments. You can verify your FICA status in your personal account settings.