NetMoney
Virtual visa cards such as NetMoney are becoming more popular as bettors look for secure ways to use online bookmakers.
On this page we take a look at exactly how the NetMoney card works, and the advantages and disadvantages of this payment type. Let’s get started.
Top Bookmakers That Accept NetMoney
Smash Sports
Payment Options
Average Payout Speed
0 – 24 HoursCurrencies
- BTC
- LTC
- BCH
- Crypto, card, ewallet or mobile withdrawals
- Use ‘Only with video’ tag for live streams
- Claim mega bonuses every week
- Bet on politics and other niche markets
- Improve your bets by using details stats
- Most promos aimed at higher deposits
Tenobet.io
Payment Options
Average Payout Speed
0 – 24 HoursCurrencies
- GBP
- USD
- Crypto-friendly sports betting platform
- Niche markets and jackpot-style bets
- Mobile-optimised site for on-the-go betting
- Wide payment range, including cards and e-wallets
- Fast, player-friendly withdrawal processing
Mad Sport
Payment Options
Average Payout Speed
0 – 24 HoursCurrencies
- GBP
- CAD
- RUB
- Generous limits and competitive odds
- Known for accepting high stakes bets
- Extensive range of basketball markets
- Diverse football leagues covered
- Play casino games under one account
- Limited coverage for certain sports
20Bet Sports
Payment Options
Average Payout Speed
0 – 24 HoursCurrencies
- GBP
- USD
- Get big cash prizes as a VIP customer
- Access the site in 17 languages
- Live odds change via colour-coded boxes
- Explore in-depth sports rules on the site
- No live streaming service
- Long list of restricted countries
Granawin Sports
Payment Options
Average Payout Speed
0 – 24 HoursCurrencies
- USD
- CAD
- CHF
- Supports fiat currency and 14 cryptocurrencies
- Lots of enhanced odds every day
- Free live streaming
- Fast withdrawals
- Low odds margins
- Using responsible gambling tools requires interaction with customer service.
10Bet Sports
Payment Options
Average Payout Speed
0 – 24 HoursCurrencies
- EUR
- GBP
- NOK
- Former sponsor of Juventus FC
- 200+ markets per football match
- Football-specific bonuses
- Simple, easy-to-use layout
- Climb the VIP ranks with every bet
22Bet Sports
Payment Options
Average Payout Speed
0 – 24 HoursCurrencies
- EUR
- USD
- AED
- Available in over 30 languages
- Over 1000 events offered every day
- Extensive list of banking methods
- 24/7 customer service support
- Cryptocurrency accepted
- Lack of live streaming
BetOnline Sports
Payment Options
Average Payout Speed
0 – 24 HoursCurrencies
- USD
- Born in 1991, making it very trustworthy
- Consistent, generous betting promos
- Instant withdrawals using crypto
- Legal for US players to bet online
- Triple-header of sports, casino and poker
Betway Sports
Payment Options
Average Payout Speed
0 – 24 HoursCurrencies
- USD
- GBP
- CAD
- Licenced in both the UK and Malta
- Generous welcome bonus for new users
- Promotions for major sporting events
- Free-to-play prediction games
- Excellent customer service and security
- Limited payment options
What Is NetMoney?
NetMoney are one of the many companies now offering electronic money products and solutions for customers who are looking for alternative methods to pay online.
The company offer a prepaid Visa card which can be used with virtually any bookmaker online, and provides individuals with the benefits of using a Visa online without having to go through an application process or credit check etc. at the bank.
How Does NetMoney Work?
NetMoney accounts are only available to citizens of the UK and it is a fairly quick and easy process to open an account. In order to use NetMoney, individuals must:
- Be a UK resident, with a UK address where all cards can be delivered
- Be 18 or over
- Have access to a UK debit card (to pay for the NetMoney cards)
Cards typically cost £10 to purchase and customers can either opt in to a ‘Pay As You Go’ or ‘Pay Monthly’ plan. Once an account has been signed up for, customers receive a debit card to their home address within 10 days, and from there they need to activate it.
The NetMoney card is a CHIP and PIN Visa card that works in the same way as any other bank card. There are three ways that a NetMoney account can be funded:
- Debit card – Any existing UK debit card can be used to fund a NetMoney account
- Bank transfer – To transfer money to a NetMoney account, customers need to go in to their local bank and deposit using the account name, number, sort code along with a reference number.
- PayPoint – There are over 24,000 PayPoint outlets in the UK & Ireland. Customers can fund their accounts by handing their NetMoney card and cash over to a PayPoint operative, and they will load the funds onto the card before giving the individual a receipt.
NetMoney cards can be used anywhere where Visa cards are accepted.
Advantages and Disadvantages of NetMoney Betting
There are advantages and disadvantages to betting with NetMoney:
Advantages
Privacy
Privacy
NetMoney is a great way for customers to securely fund their betting accounts online. Two of the three ways to fund accounts include physically visiting a location and depositing money onto the NetMoney Visa card with cash, and therefore no financial details are entered into bookmakers websites.
Easy to Obtain
Easy to Obtain
There is no need to pass any credit checks or background checks in order to obtain a NetMoney card.
Availability for Advantages
Availability for Advantages
As NetMoney are associated with Visa, the cards are accepted by virtually all bookmakers and this gives bettors a wide range of choice, as there is no restriction on who they can bet with.
Disadvantages
Country Restrictions
Unfortunately NetMoney cards are only available to residents of the UK, with customers having to have a current UK address to get a card.
Time Consuming
Time Consuming
While funding a NetMoney account at a PayPoint station or in a bank branch is good from a security perspective, it can be time consuming for those individuals who want to do everything online.
Fees
Fees
These virtual Visa cards do not come for free, and for the smaller staking bettor, the fees associated with NetMoney cards may be off-putting.
The cost when activating the card is £10 and then there are varying fees for putting money onto the card depending on which payment method is used to upload funds. Bank transfers or debit cards cost between £0.50-0.75 per transaction, whilst PayPoint deposits vary from £1.50-£3.00 depending on how much is added to an account.
Considering that customers can upload funds for free from the conventional Visa debit card, it is a question of whether the benefits outweigh the financial cost of using the NetMoney cards.
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