Betfred is one of the top betting operators worldwide, providing betting services to South African bettors. Knowing how to deposit funds is essential to place bets or get the Betfred sign up bonus no deposit offer. This Betfred review will show you the following:



  • How to use the various deposit methods.
  • Tips for making a successful deposit.
  • The common Betfred deposit problems.

Have you been looking for how to deposit with Betfred? You’ll have to continue reading this Betfred deposit guide to get all the information you need.

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

The bookmaker makes the Betfred deposit process seamless, enabling users to get started quickly. The methods available for deposits on the bookmaker include In Store, Peach Credit Card, Ozow Instant EFT, and Vouchers. Follow the steps below to fund your account.

  1. Go to the Betfred South Africa website on your desktop or mobile browser.
    Betfred Website
  2. Click the “Login” icon to access your account. If you don’t have an account yet, click the “Join” icon to open one.
    Betfred Login
  3. After accessing your account, tap the “Deposit” button at the top of the homepage.
  4. Choose your preferred deposit option from the list of available methods.
  5. Select your Betfred deposit type and enter the amount you want to fund your account with. If you wish to claim the Betfred deposit bonus for new players, make sure that your first deposit follows the T&Cs of the offer.
  6. Follow the prompts to finalise the process. The steps to completing the Betfred South Africa deposit process depend on your chosen payment method.

The Betfred South Africa banking methods available on this site are those users in South Africa are familiar with. The Betfred deposit options available are listed below.

  • Vouchers.
  • Peach Payment Credit Card.
  • Ozow Instant EFT.
  • In Store.
Betfred Deposit

You will find below how each of these Betfred South Africa banking methods works, including their advantages and disadvantages.

πŸ’΅ Vouchers

South African bettors have been using vouchers to fund their accounts for a long time, showing how popular this option is among punters in the country. Vouchers usually contain redeemable codes users can buy to fund their accounts.

The betting vouchers work exactly like the everyday vouchers people buy and redeem to claim goods. This time around, you will claim a betting deposit amount.

Betfred customers can get vouchers from various vendors, including Blu Voucher, OTT Voucher, 1 Voucher. All they have to do is to visit any of these vendors and get the voucher equivalent to the amount they want to deposit. They must then enter the voucher code on the Betfred deposit page to redeem it.

The Betfred deposit time for using a voucher is instant, and no charges are attached. However, the only downside is that you cannot use it to withdraw from the bookmaker.

πŸ’΅ Peach Payment Credit Card

Peach Payment is a financial company in South Africa that allows customers to perform financial transactions. Betfred allows bettors to use Peach Payment’s credit card to fund their betting accounts. All you need is to have an account with Peach Payment and get a credit card that you can use to complete your Betfred deposits. Please ensure the credit card has the same name as the name on your Betfred account.

The Betfred deposit time is instant, and you will immediately see the funds in your account. However, the disadvantage of this payment option is that Betfred might charge a 5% administration fee on each payment. Also, users cannot use it to withdraw funds from their accounts.

πŸ’΅ Ozow Instant EFT

Deposits are also available using electronic funds transfer (EFT) via Ozow. This method is instant, and users can confirm their deposits immediately.

All you have to do is to select this method on the deposit page, and you will be redirected to the page where you can enter your bank account details. Some of the supported banks include Standard Bank, FNB, Ned Bank, African Bank, Capitec Bank, Investec Bank, Discovery Bank, TymeBank, Bidvest Bank, OldMutual, and more.

The Betfred South Africa deposit process is usually instant; you will get your funds in your betting account immediately. Also, no charges are attached, and deposits are free of charge using this method.

Bettors can use Instant EFT for a Betfred deposit and withdrawal from their Betfred account by following the steps below.

  1. Visit the bookmaker’s website and sign into your account.
  2. Click the account avatar and select the “Withdraw” button from the list of displayed Betfred deposit options.
  3. Select “Ozow Instant EFT” as your Betfred withdrawal method.
  4. Enter your bank account details and input your withdrawal amount.
  5. Follow the prompts to finalise the withdrawal process.

πŸ’΅ In Store

The bookmaker has branches across South Africa that users can visit to deposit or withdraw from their accounts. All you have to do is locate the Betfred branch nearest you, and the customer support representative will help you find your account. This method is excellent for a Betfred deposit and withdrawal to claim winnings.

To help you choose, here is a summary of the available Betfred payment methods.

πŸ’΅ Deposit Methods⏳ Payment timePayment feeWithdrawal availability
Instant EFTInstantFreeAvailable for withdrawals
In storeInstantFreeAvailable for withdrawals
VouchersInstantFreeNot available
Peach Payment Credit CardInstant5% administration feeNot available

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

As of the time of this Betfred South Africa guide, there is no specified Betfred deposit minimum amount on the bookmaker. The minimum or maximum amount you can fund your account with depends on your payment method. Users will discover when they try to deposit with their chosen methods.

Payment MethodsMinimum Deposit
In StoreN/A
Ozow Instant EFTN/A
VouchersN/A
Peach Payment Credit CardN/A

πŸ† Tips for Making a Successful Deposit at Betfred

To fund your account without issues, you need to meet certain terms and conditions and follow specific tips. Please find some helpful tips for making a successful Betfred deposit.

  • Ensure you are a resident of South Africa and aged 18 and above.
  • Your name on your payment method must match the name on your betting account. Don’t use another person’s payment details to fund your Betfred account.
  • After your Betfred registration, you must have a complete profile to deposit at Betfred.
  • Users must have completed the FICA verification process before making Betfred deposits.
  • Bettors must also enter correct payment information when completing their Betfred South Africa account funding.
  • Your Internet connection must be strong to allow a smooth process, and your browser must be free from glitches.

❌ Common Deposit Problems at Betfred and How to Solve Them

Users could sometimes face a series of challenges when completing their Betfred South Africa account funding. However, there are ways to solve them, as found in this section below. After that, you will find our answers to the frequently asked questions about funding your Betfred account.

❌ Incorrect Payment Information

Entering correct payment information is vital to fund your account successfully. Ensure your name on the payment option is the same as what is on your Betfred account. Also, don’t use another person’s payment details to deposit into your betting account because the bookmaker will flag it.

❌ Insufficient Funds

There is no brainer about this because you need to have enough funds in your payment method to fund your account. Kindly top up your chosen method to allow a successful process.

❌ Incomplete Profile and Verification

Having a complete Betfred profile is crucial to funding your account. The bookmaker will only allow users to deposit if they’ve filled in all necessary profile information. Also, completing FICA verification is essential for the bookmaker to verify your identity and residential address before funding your account.

❌ Connection Issues

Another issue could be with your Internet connection or browser. Ensure your browser is updated and you have a strong enough internet connection to allow for successful deposits. Also, it could be that the bookmaker is undergoing system maintenance. You may try another browser or contact customer support if the Betfred deposit problem persists.

Deposit with Betfred in South Africa – FAQs

To wrap up this Betfred South Africa guide, we answer some of the questions asked about the Betfred deposit that you may find helpful. You can visit our Betfred review page to get more in-depth knowledge about the betting site.

The Betfred deposit methods available include Ozow Instant EFT, In Store, Peach Payment Credit Card, and Vouchers. Visit the deposit page to fund your account.

Most payment methods are free, but the bookmaker may charge a 5% administration fee on credit card payments.

The Betfred deposit minimum amount depends on your preferred deposit option. Kindly visit the deposit page to find out.

Deposits are usually processed immediately, and they will reflect in your account instantly.

Ensure your payment details are correct and you have completed your profile and FICA verification. If the problem persists, contact customer service representatives.

Yes, Betfred is optimised for all Android and iOS devices. Since the Betfred app is not available, all you have to do is to enter the website’s URL in your favourite browser to fund your account.

The Betfred deposit limits depend on your chosen payment option. Kindly visit the deposit area to find out.