Payment method comparison
There are numerous payment methods available to Smarkets customers.
Specific details for depositing and withdrawing with each payment option are listed below. For more information regarding each specific payment option, click on the link:
Depositing
| Payment option | Fee | Time | Limits (£ / €) |
| Open Banking | Free | Instant | £/€ 10 minimum |
| Visa debit card | Free | Instant | £/€ 10 minimum |
| Solo / Maestro card | Free | Instant | £/€ 10 minimum |
| MasterCard / Eurocard | Free | Instant | £/€ 10 minimum |
| Neteller | Free | Instant | £/€ 10 min / £/€ 5k daily max |
| Skrill | Free | Instant | £/€ 10 min / £/€ 5k daily max |
| Bank Transfer | Free | Instant* |
£/€ 20 minimum |
| Trustly | Free | Instant | £/€ 40 minimum |
| PayPal | Free | Instant | £/€ 20 minimum / £/€ 200 daily max |
Withdrawals
| Payment option | Fee | Time |
Limits |
| Open Banking | Free | 12 hours | £/€ 10 minimum |
| Visa debit card | Free | 1-6 business days | £/€ 10 minimum |
| Solo / Maestro card | Free | 1-6 business days | £/€ 10 minimum. Some cards limited to deposit amount |
| MasterCard / Eurocard | Free | 1-6 business days | £/€ 10 minimum. Some cards limited to deposit amount |
| Neteller | Free | 1-2 business days | £/€ 10 minimum |
| Skrill | Free | 1-2 business days | £/€ 10 minimum |
| Bank Transfer | Free** | 1-2 business days ** | £/€20 minimum |
| Trustly | Free | 1-2 business days | £/€ 40 minimum |
| PayPal | Free | 1-2 business days | £/€ 10 minimum / £/€ 5.5k max |
* Manual bank transfer deposits take 3-5 Business days.
** Please note that if you are looking to make a manual bank transfer withdrawal rather then using our Open Banking service, your withdrawal will incur a £10 / €12 / 100 SEK / 100 NOK fee. Withdrawals transacted in Euros to mainland Europe will not incur a fee. Please allow 5-10 business days to receive the funds.
Please note: For instant free deposits and unlimited withdrawals we strongly recommend using a Visa debit card as your payment option.