An active Betfair account is necessary for using the BetDriver program. In this article, we will go through the process of registering and verifying an account, as well as operations with an account on the Betfair exchange, in a step-wise manner.
The exchange has a rule according to which it is impossible to register an account at the territory of some countries. These countries include, in particular, Slovakia, Serbia, Swittzerland, China and Hong Kong, Japan, USA, Turkey, France, Israel, UAE, Russia and others. The list of countries subject to restrictions changes from time to time. For some countries the ban may be established or canceled, depending on the legal situation.
Attention! The registration ban is location-based. If you live or stay in the territory of a country that is prohibited for registration (regardless of your citizenship), then registration restrictions will apply to you. If you hold the citizenship of a country in which Betfair operation is prohibited, but at the same time you have the opportunity to register and work with the exchange reside if you are located in a country from the permitted list.
For example, a user with a Russian Passport (registration on the territory of Russia is prohibited) who lives or is temporarily stays in the Republic of Belarus (registration on the territory of Belarus is allowed) is able to create an account on the exchange and use the exchange services while staying on the Belarus Republic territory. To verify your place of stay, you must submit the relevant documents (bank statement, utility bill), which the exchange requests at the account verification stage.
Further we will tell you:
- How to register on the Betfair website;
- How to deposit an account on the exchange;
- How to withdraw funds from the account;
- How to verify your account;
- How to confirm the source of payment (only for bank cards);
- How to unfreeze an account after registration.
Registration on the Betfair exchange
You can enter the registration stage immediately on the website: www.betdriver.com. This will allow not only to register on the exchange, but also receive a bonus:
“Paid fees are returned to your account within the first 30 days. Payments are made every 7 days, depending on your activity on the exchange. Only deposits made using PayPal are taken into account. The maximum refund amount must not exceed €500”.
You will be redirected to the Betfair promo page, where you will able to learn more about the bonus and start registering on the exchange. To do this, click on the Join Now button:
On the next page, enter your registration data: Gender, First name, Last name, Birth date, Country, Address, City, Mobile phone number, Email address, Password, Security question, Account Currency (cannot be changed later).
Attention! Enter only real data that can be confirmed by documents. This is necessary in order to successfully pass the account verification.
If necessary, you can set a deposit amount limit and its validity period (daily, weekly, monthly). Limits are disabled by default.
After completing all the registration fields, click on the “Join Now” button at the bottom of the page. You will be taken to the Betfair home page if the data is entered correctly.
Now you may deposit your Betfair account.
How to deposit
To trade on the exchange, you need to make a deposit in the currency selected at the registration stage. Click the “Deposit” button on the main website page
Here you you may choose the preferable way to deposit your Betfair account.
Attention! Betfair uses a “Closed Loop Policy” for deposits/withdrawals. This means that you must withdraw funds using the same method that was used to deposit your account.
To make a deposit, you may use a credit/bank card or other payment methods.
To make the first deposit, specify the amount and click on the “Add card” button for entering your card details.
Attention! According to the exchange requirements, withdrawals are allowed to VISA and MasterCard cards issued in the following countries:
United Kingdom, Ireland, Andorra, Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland. Italy, Latvia, Luxembourg, Malta, Monaco, Netherlands, Norway, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland and Turkey.
If your debit/credit card is issued in another country, the funds withdrawal to the card will be blocked. Therefore, it cannot be used for the funds deposit/withdrawal.
For example, funds deposit/withdrawal using a bank card issued in Russia is prohibited regardless of your citizenship and what country you stay in.
Other ways to deposit/withdraw funds
If your bank card does not meet the Betfair exchange requirements, then you may use alternative deposit/withdrawal ways.
When choosing a payment method, consider the legal restrictions on the specific payment systems operation in your country.
For example, the Webmoney payment system on the territory of Ukraine is prohibited. Thus, Ukrainian users cannot use this method to pay/withdraw funds.
After choosing a payment method and making your first deposit, you may place bets on the exchange, as well as use all the Betdriver features for trading automation.
At the first withdrawal to a debit/credit card, the exchange will ask you to verify your identity/address and confirm the payment source.
Identity and address verification
To remove the exchange restrictions on funds withdrawal from your account, you must verify your identity/age and residential address. You will need to send photos of two documents:
- Personal identification: internal or foreign passport (first spread), driving license, national ID, certificate of citizenship.
- Address verification: utility bill (home phone, internet, digital TV), tax statement, copy of your bank account statement (residential address must be indicated). The limitation period of the submitted documents should not exceed 6 months.
Information in photos must be legible and readable. The file must have JPEG, JPG or GIF format. The size of each file must not exceed 5 MB.
You can upload your identity verification document on the Betfair website. To do this, select: My Account> My Betfair Account> My Details> Verification (Document Uploader).
You will be transferred to a page where you will be able to upload a photo of your identity document.
Generally, Betfair’s document verification takes no more than 72 hours. Within the specified time, you will receive a response about the verification result to the email specified during registration.
After your personal identification, you will be able upload other documents in the same way:
How to confirm the payment source (only for debit/credit cards)
If you deposit/withdraw funds from your account via a debit/credit card, the exchange will ask you to confirm the payment source.
To do this, you need to send (one of two):
- A photo of the front side of the debit/credit card linked to your Betfair account.
- A photo of your debit/credit card statement showing your Betfair transaction number or card number.
The photos must show the first six and last four card number digits. The rest of the numbers must be closed. The statement’s limitation period must not exceed 6 months.
These photos can be sent on the Betfair website in the «Document Uploader» section:
How to unfreeze an account after registration
In some cases (for example, when operating through a VPS/VDS server), you may see such a message immediately after filling in the registration data:
This means that your registration was successful, but you cannot yet fully use the exchange services. Using your account data, you can enter the exchange only in viewing mode. Account operations are not available.
To unfreeze your account and gain access to all the exchange functions, you need to verify your registration data. Click “Continue” and complete the verification. To do this, use the method specified in the “Identity and address verification” chapter.
After successful verification, your account will be unfrozen, and you will be able to use all the exchange features.