new-recommended-broker-banner new-recommended-broker-banner

Matchbook Deposit Guide

Updated: 3 Mar 2021

In this brief article, we will give you a thorough overview of the various steps involved in setting up and topping up your Matchbook account. We will pay particular attention to the Matchbook deposit methods on offer, being careful to give you a heads up if there are any hidden charges or steps involved. Once you get through this initial step, you will be set up and ready to start betting.

What is the minimum deposit on Matchbook?

Despite what you might have initially thought, minimum deposit amounts can vary a huge amount depending on what platform and deposit method you are using. For this reason, it is good practice to check the fine print before making that first deposit to avoid having it refunded to you.

That being said, a number of reviews online seem to indicate a £5 deposit minimum is in place. We couldn’t verify this limit with our own research, however, and despite a thorough reading of the terms and conditions, we couldn’t find any mention of a Matchbook minimum deposit.

What deposit methods can I use on Matchbook's Platform?

A number of options available to Matchbook users when making a  deposit. However, your account needs to have been fully verified before making a withdrawal, otherwise, your account will be locked. Once your account is verified, withdrawing from the platform is thankfully a relatively simple affair.

The most prevalent of the available deposit options are debit and credit cards, with Matchbook accepting both Visa and Mastercard. In terms of what other Matchbook deposit methods are available, you can use bank transfers as you would expect, in addition to e-payment services such as Neteller, Skrill, Paysafecard and PayPal.

In general, the most efficient deposit methods are going to be the e-payment or online payment services, such as Neteller and Skrill, with bank transfers and debit/credit cards tending to take 2-3 days to process.

Users of the Matchbook platform should be careful to note that Matchbook operates what is known as a ‘closed loop’ policy. This essentially means that any funds that are deposited to the platform must be withdrawn using the same method as the original deposit. For example, if you deposit £50 using a Visa debit card, if you want to withdraw this at a later date, you must do so using the same method. 

While this might seem like an awkward policy to have in place, Matchbook is required to abide by this policy under the ‘Know Your Customer’ and money laundering regulations.

How do I make a deposit to my Matchbook account?

When it comes to actually funding your Matchbook account, the process is incredibly straightforward.

Once you have signed up and created an account, all you need to do is simply login to your account via the front page of the website.

Take this quick quiz to help us find the best path for you

Less than 1 min to do
20
Question: 1/5
Q: How do you rate your trading knowledge and expertise?

i'm new at this I've done this a couple of times I'm a bit of an expert

60
Question: 3/5
Q: What would you like to trade?

Stocks & ETFs Crypto Forex CFDs Funds More than 1 or all

80
Question: 4/5
Q: Rate how you feel about financial risk?

I'm risk averse I expect some risk Risk is part of investing

100
Complete: 5/5
We’ve picked your top 2 brokers! Now it’s time to start trading...
  • The login box is located in the top right-hand corner of the main page.

Matchbook Log in for Making a Deposit

  • After you have logged in, head over to your Matchbook account and click the “deposit” button at the top right-hand side of the website.
  • This redirects you to the cashier section of the platform, where you can arrange deposits using a variety of methods.
  • After this, simply choose your preferred deposit method and follow the on-screen instructions. Once you have entered in all your details correctly, you can then hit submit and wait for the funds to reach your Matchbook account!

Are my funds protected?

In an industry such as this, knowing that your account funds and financial information will be protected to a proper standard is incredibly important. Personal financial information such as this is incredibly important, and it is essential that your platform of choice is handling this information securely.

With that said, Matchbook is regulated by both the AGCC and UKGC — two prominent regulatory bodies in the industry — which indicates that it is fully safe and legal to use the platform in the UK and Ireland, and a number of other European countries. Not all countries allow access, however, so it is important to check this before committing to the platform.

Additionally, Matchbook also has a third-party verification process in place to ensure their games meet the highest compliance standards, which is obviously great from a customer protection perspective. Matchbook seems to take the same care in ensuring their servers are encrypted and secured to the highest standard, with the website using SSL advanced encryption up to 128 bits.

This ensures that your account is secured to the highest standard, meaning your funds will be on secure lockdown and accessible only to you!

Conclusion

As you can tell from the above, funding your matchbook account is a relatively simple affair. Although the account creation and verification process takes a little bit of time, topping up your account is a relatively efficient affair.

From first logging into your account to hitting submit on the deposit, this process can be completed in a matter of minutes from start to finish! Although the processing times will depend on what deposit method you choose, your Matchbook deposit will generally be processed within 1-2 days. If you use online payment services, this will be even more efficient and might only take a number of hours.

With that said, there is no need to delay the process any longer, so top up your account and start betting today!

People who read this also viewed: 

 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .