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Betfred Banking: Deposits, Withdrawals, & Payout Speed

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After making any bet. T&Cs Apply.


  • Deposit Options: Bank transfer, VIP Preferred, E-check, Play+, PayNearMe, Debit/credit card (Visa, Mastercard, Discover, American Express), PayPal, PayNearMe, Play+, Skrill, Cash @ cage
  • Minimum Deposit: $10
  • Withdrawal Options: Bank transfer, Check, VIP Preferred, Play+, E-check, Skrill, Cash @ cage
  • Minimum Withdrawal: $0.01 to $25
  • Payout Speed: 1 to 15 business days

Deposit & Withdrawal Methods

Payout Speed

1 to 15 Business Days

Betfred offers a wide range of banking methods for customers, including almost every major deposit and withdrawal option that bettors have come to expect.

The only exceptions are Apple Pay and Venmo, though there are plenty of other options that should be viable for the majority of players.

Note that banking options vary by state, so everything you see on this page may not be available to you.

Let's take a closer look:

Betfred Deposits

Betfred supports 9 deposit methods and deposits are instant.

The minimum deposit is $10 for most methods, though some are different. For example, the minimum deposit for Skrill is only $5.

Deposit Method

Minimum Deposit

Processing Time

Bank transfer

$10 Instant




Mazooma E-check$10 Instant
Play+$10 Instant
PayNearMe$500 Instant

Debit/Credit Card (Visa, Mastercard, Discover, Amex)


Skrill$5 Instant
Skrill 1-tap$10 Instant
Cash at Cage$5 Instant

Betfred Withdrawal Methods & Payout Speed

Most of the deposit methods Betfred offers can also be used for withdrawals. The only exception is credit cards (you can withdraw to debit cards).

Like deposits, minimum withdrawals vary based on the method and state you're in. While some are as low as a penny (check and cash at cage) others go as high as $25 (Play+).

Payout speed at Betfred also varies considerably. While some withdrawals are instant (Play+ and Mazooma E-check), others can take up to 15 business days (physical check). You can expect most payouts to take around 3 business days.

Withdrawal Method

Minimum Withdrawal

Payout Speed


8 to 15 business days

VIP PreferreedBased on approval

4 to 9 business days

Play+$25 Instant
Mazooma E-check$10 Instant
Online Banking$5

3 to 4 business days


3 to 6 business days

Skrill 1-Tap$10

3 to 6 business days

Cash at Cage$0.01 Up to 60 minutes

A quick note: whatever you use to deposit (besides credit cards) is what you'll have to use for withdrawals.

If you use a credit card, you have three options:

  1. Request a mailed check
  2. Initiate an ACH transfer with Mazooma E-Check
  3. Deposit using a different method to then withdraw through that alternative option.

The good news is, there aren't many complaints about cashing out from Betfred online. They're pretty good with processing times but not the fastest out there.

I personally use Skrill for withdrawals at Betfred and I received my Monday in 3 days.

Our Other Betfred Guides