Betfred is one of the most popular online casino operators around. Brits love them for their excellent services and reliable withdrawals. We at CasinoFastPayout have taken the time to review Betfred to see how quickly they process withdrawal requests. We actually made a deposit, played for a while, and then attempted to withdraw our winnings. Interesting? Let us tell you what happened.
Highlights:
- Betfred withdrawal time depends on the payment method you use
- You can withdraw money within 3 hours using Visa Fast Funds
- Other Betfred payment methods are much slower – UK customers need to wait up to 48 hours with e-wallets or debit cards
- All withdrawals are free at Betfred
Betfred Withdrawal Methods & Times
Betfred offers several withdrawal methods, including Visa Fast Funds, MasterCard, Visa, Skrill, Neteller, PayPal, and Bank Transfer. Of course, the withdrawal method you use will impact the time it takes for your money to arrive. For example, a Visa Fast Funds withdrawal typically arrives within 3 hours, whereas a bank transfer can take up to 3-5 working days. So the difference is quite noticeable!
| Withdrawal Method | Withdrawal Time |
|---|---|
| Visa Fast Funds | 0-3 hours |
| Paypal | up to 48 hours |
| Skrill | up to 48 hours |
| Neteller | up to 48 hours |
| Debit Cards | 3-5 days |
| Bank Transfer | 2-5 days |
Visa Fast Funds: Up to 3 hours
The fastest way to get your money is through Visa Fast Funds. As the name implies, the funds are transferred to your bank account very quickly, sometimes almost instantly. We experienced this firsthand: our withdrawal was processed and in our bank account within 3 hours. But we will tell you more about our cashout experience later.
E-wallets: max 48 hours
E-wallets are a popular choice for withdrawing winnings from any online casino, not just Betfred. They’re very popular, and you can expect your money to arrive within 48 hours. We don't think this is too bad; after all, you won’t be waiting days for your money. But it is not fast according to our standards. Available e-wallets at Betfred? Neteller, Paypal, and Skrill.
Debit cards: 3-5 days
Debit cards can take anywhere from 3 to 5 working days for the withdrawal amount to be credited to your account. This is the slowest option on offer, so if you need quick access to your winnings, we recommend using Visa Fast Funds.
Bank Transfer: 2-5 days
Bank transfers can also take up to 5 working days. Again, this is not as quick as some other options, but it is a safe and secure way to transfer your sweet winnings. Best for huge payouts.
Cash
If you made a deposit using cash at the Betfred shop, you can withdraw your winnings in cash directly. There is no need to wait; there is no processing time. Just walk into any Betfred shop, and they will help you with the withdrawal. This is the fastest way to get your winnings, but it's not available for online deposits. All you need is an ID, and you’re good to go. The maximum withdrawal is £250.
How To Withdraw Funds at Betfred Online Casino?
To withdraw funds from Betfred betting site/casino, you can follow these steps:
- Log in to your Betfred account.
- Click on the “My Account” tab.
- Select “Withdraw” from the menu options.
- Choose your preferred withdrawal method (Visa Fast Funds is the fastest one)
- Enter the amount you wish to withdraw.
- Follow the prompts to complete the withdrawal process.
Please note that Betfred Casino may require additional verification before processing your withdrawal request. Also, fees may vary depending on the withdrawal method you choose.
Betfred Withdrawal Limits
The minimum amount you can withdraw from Betfred is £5, and the maximum per day, week, or month depends on the withdrawal method and your account status. According to our research, the maximum you can withdraw per day is £9,999 with debit cards and Visa Fast Funds.
You should also be aware that if you make multiple withdrawals within a 24-hour period, Betfred might charge additional fees, but they are not high.
| Withdrawal Method | Withdrawal Limits |
|---|---|
| Visa Fast Funds | £5-£9,999 |
| Paypal | £5-£5,000 |
| Skrill | £5-£6,500 |
| Neteller | £5-£4,000 |
| Debit Cards | £5-£9,999 |
| Bank Transfer | N/A |
Our Betfred Cash Out Experience
Now, let’s get to the most interesting part of this review: our cash-out experience. We made a deposit of £50, played some slots, and requested a withdrawal of our winnings (£90) using Visa Fast Funds after three days.
It took just three hours for the funds to be in our bank account, which is excellent! We were very impressed with how quickly our withdrawal request was processed – it's definitely one of the fastest we've ever encountered.
Remember that such a fast payout is only possible with this payment method. Other withdrawal options, like Skrill and Neteller, can take up to 48 hours or even longer in some cases.
No KYC? No Withdrawal!
Betfred may require additional verification from you before processing your withdrawal request, so please make sure you have a valid form of ID with you in order to avoid any delays in getting your sweet money. Remember that if you haven’t completed the KYC verification process, you won’t be able to make any withdrawals from your Betfred account. So please do that first before requesting your first withdrawal.
Betfred Withdrawal Fees
Like most online casinos, Betfred does not charge any fees for withdrawals. However, some banks may charge a fee when you withdraw funds from your debit card. Plus, you may be required to pay additional fees for making multiple withdrawals within a 24-hour period. In general, nothing is charged for payouts, so you can sleep well knowing that you will get your winnings in full.
Betfred Withdrawal Problems
We did not encounter any withdrawal problems during our testing of the Betfred casino. Our withdrawal was processed quickly and without delay. We can’t guarantee that you will also have the same experience, but based on our experience and the feedback from other players, we can say that it's highly unlikely for you to encounter any issues when cashing out. Anyway, there might be some, like:
“I Can’t Make a Betfred Withdrawal”
There are several possible reasons why you can’t make a withdrawal from Betfred:
- You haven't verified your identity. All players must verify their identity before they can make a withdrawal.
- You haven't met the wagering requirements. It is obvious, but if you have claimed a bonus, you must meet the wagering requirements before you can make a withdrawal.
- You are trying to withdraw more than the maximum amount allowed. The maximum amount you can withdraw depends on your account status and the withdrawal method you have chosen.
- Payment details are not correct. Check your payment details to make sure they are correct.
“I Have Not Received My Money!”
If you haven't received your Betfred withdrawal, the first thing you should do is check the status of your transaction. Log in to your account and go to the “My Account” section. Here, you should be able to see the status of all your transactions (withdrawals and deposits).
If the status of your withdrawal is “Processing”, it means that your request is being processed. It can take up to 48 hours for the funds to be transferred to your account. If you still haven't received your money after 48 hours, you should contact Betfred customer support by live chat or email. They will be really happy to help you with your issue!
- Credit cards: Due to regulation, Betfred is not allowed to process withdrawals via credit cards. Players can still use their Visa and Mastercard debit cards for both deposits and withdrawals.
- Google Pay & Apple Pay: Very comfy payment methods, but unfortunately, Betfred does not process withdrawals via Google or Apple Pay.
- Paysafecard: This prepaid card is only available for deposits, as it does not offer the ability to withdraw money.
- Dedicated cards: Currently, Betfred does not offer a dedicated card like Bet365 or Paddy Power. Hopefully, this will change in the near future, and withdrawals will be much easier and faster!
Conclusion: Betfred Is A Fast Payout Casino
You can withdraw quickly at Betfred, but only with one payment method! Visa Fast Funds allows for the fastest withdrawals, with a maximum limit of £9,999 per day. Other withdrawal methods, like Neteller and Skrill, are slower and may take up to 48 hours.
A bit hesitant, but we have to put Betfred in the fast payout casino category. It may not be the quickest casino out there, but it's definitely one of the fastest. And if you don't mind using Visa Fast Funds, you won't be disappointed in the withdrawal times!
FAQs
How Do Weekends Affect Betfred Withdrawals?
Banking days are counted from Monday to Friday, and weekends are not taken into account. This means that withdrawals could take a bit longer if you make your request on the weekend or during public holidays.
What Is The Minimum Amount I Can Withdraw From Betfred?
The minimum withdrawal at Betfred is £5. This represents a great advantage for smaller players, as many other casinos set a minimum withdrawal amount of £10 or more.
What Is The Largest Amount I Can Withdraw?
You can withdraw up to £9,999 with Visa Fast Funds.
Are There Any Fees?
No, there are no fees when you withdraw from your Betfred account.
Can I Withdraw Via Credit Card?
No, Betfred does not process withdrawals via credit cards for regulatory reasons. However, you can use Visa and Mastercard debit cards for both deposits and withdrawals.
Are Paypal Withdrawals Available?
Yes, Betfred added Paypal as a payment method in September 2022. You can deposit as little as £5 with your Paypal account and withdraw up to £5,000.
Do I Need To Use The Same Method For Withdrawals And Deposits?
Generally, yes. The closed-loop policy means that you need to withdraw using the same payment method as you used for your last deposit. If your deposit method is not available for withdrawals, you need to withdraw to your bank account.
Last Updated on August 10, 2023 by Dan
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Hey, I'm Danny. With seven years as a poker player and 9 in the online casino industry – I’m here to share everything I know about fast-paying casinos. Leeds fan, movie enthusiast and NFT degen.
