Betfred South Africa Deposit Guide - Payment Methods in 2025

Firstly, payment is a vital element of the betting experience. Our review focuses on the various Betfred deposit options South African players can explore in this popular casino.

As we go on, we will shed light on all aspects of the Betfred deposit. Notable payment methods available on Betfred include credit cards, bank transfers, EFT and vouchers.

Overall, our investigations allow you to make an informed deposit decision; one based on knowledge rather than assumptions. Above all, Betfred only recognises and accepts transactions made in the local currency; the South African rand.

How to Deposit to Your Betfred Account

Funding your Betfred account is uncomplicated. We highlight three ways you can fund your account. Log in to your Betfred account, go to the deposit menu and follow the procedure below depending on your deposit method. It should be noted that some of these methods are also available for withdrawals with Betfred.

Instant EFT

1. Select ‘Instant EFT’.
2. Input a deposit amount and submit the deposit form to continue.
3. Select your bank from the list.
4. Log in to your bank’s electronic platform and follow the protocol to fund your account.

Voucher

1. Pick ‘Voucher’ from the options.
2. Select a voucher type and submit the form.
3. Fill in your voucher code and mobile number.
4. Submit the form.

Credit Card

1. Choose a deposit type; ‘Peach’ in this instance.
2. Select the ‘Credit Card’ option, enter a deposit amount, and tap submit.
3. Pick a card brand (Visa/Mastercard) and fill out your card details in the required fields.
4. Submit the completed form.

After depositing, allow 1-3 seconds for Betfred to add the funds to your betting account.

Popular Deposit Methods

Next, our experts zoom in on the most popular deposits and payment methods available at Betfred. We highlight the three top choices (credit card, instant EFT and vouchers) below.

Credit Card (Visa/Mastercard)

This is arguably one of the most popular payment methods in South Africa. It has a wide acceptance and vast penetration in the nation’s sports and casino betting market.

Betfred instructs that the cardholder’s name match the name on the betting account to be funded. Lastly, bettors must be ready to pay a 5% administration fee when using this deposit method at Betfred.

Instant EFT (Walletdoc, Capitec Pay, Ozow)

This is yet another popular and secure deposit method at Betfred. Players can use it for their bank transfers. Instant EFT, like its name, is lightning quick and differs from the regular bank deposit method.

Notably, Betfred does not charge you a fee for using this method. Moreover, it is a very convenient choice for bettors as major South African banks support this.

Vouchers (OTT Voucher, Blu Voucher and 1Voucher)

The voucher method is a simple and user-friendly way to fund your betting account. It is particularly useful for bettors who like to stick to a budget. Another advantage of this deposit option is that vouchers come in various denominations.

Furthermore, they are a prepaid deposit method that you can buy at various retail outlets. They are also a good funding option for bettors without access to online banking. Finally, vouchers offer instant deposits and require no additional fees.

In the end, Betfred has integrated some of the best and most convenient payment solutions for its customers in South Africa. With these, you can even claim the Betfred welcome deposit bonus.

Unavailable Deposit Methods

Importantly, Betfred has a good combination of deposit methods. Nevertheless, after completing our investigations, here are some notable omissions from the Betfred deposit lineup.

E-wallets

Common platforms like PayPal, Skrill, and Neteller are not available on Betfred. Adding these will widen the operator's operation and inclusion margin and will aid users who prefer these for their speed and security.

Cryptocurrencies

Although cryptocurrencies offer anonymity and low transaction fees, they are yet to find their way to the Betfred payment platform. Consequently, it implies that digital currencies like Bitcoin and Ethereum are not accepted on Betfred.

Mobile Payment Services

Despite Google Pay's rising prominence in South Africa, the deposit method is unavailable at Betfred. The inclusion of this deposit method will be good news to users who prefer mobile-based transactions.

Ultimately, while these are notable absences, we don't see these affecting the betting demography significantly.

Safe Deposit on Betfred SA

Betfred South Africa is a reputable and recognised gambling company. The bookmaker has been operating in South Africa for about 2-3 years and is legally compliant with the National Gambling Act.

Above all, Betfred is registered with the Mpumalanga Economic Regulator. It implies that the provincial regulator oversees all its betting activities and transactions.

Practically, it means bettors can confidently approach the online bookmaker’s digital platform for their betting needs. Additionally, bettors can make deposits knowing full well that their funds, transactions, and data are safe.

Finally, Betfred ensures this by using secure servers and collaborating with top-notch financial institutions.

Lastly, we dedicate the final section of our betting review to answering your questions regarding the Betfred deposit. You can find our answers to these common questions below.