Depositing with NetSpend
Making a deposit in your sportsbook using a NetSpend card is exactly the same as using a standard bank card. You can navigate to the cashier or deposit page of your sportsbook and choose the Visa or Mastercard option.
Type in your card details, choose how much you want to deposit, and hit confirm – just like paying for anything online using a bank card.
Making NetSpend deposits is extremely easy, and certainly appeals to bettors who want to get money in their accounts with the minimum fuss. Of course, if you don’t have a NetSpend card the first thing you’ll need to do is sign up for one.
With NetSpend, you sign up to receive a reloadable prepaid card, provided by Visa or Mastercard. You can use your NetSpend card as much or as little as you want, and there are tons of ways to top it up.
It’s similar to Visa or Mastercard prepaid gift cards (which can be purchased in convenience stores like Walmart), except you can continue to top it up and re-use it once your balance has been used up.
You can make one-off payments onto your card using a bank transfer, PayPal, or even have your paycheck paid directly into your NetSpend account via Direct Deposit. You can also make deposits in cash (which means not using your personal bank account at all) at over 130,000 convenience stores around the US.
When you sign up for a NetSpend card it will get mailed out to you, but you can also receive a digital card that you can use immediately. The NetSpend app is also great for managing your balance and making quick digital transactions.
NetSpend Processing Fees
NetSpend is not free.
There are different plans you can choose from, but they all involve fees. The main options involve either a monthly payment of $9.95 with no charges per transaction, or no monthly fee but a fee per transaction of $1.50. Both plans also feature a charge of $3.95 for cash top-ups and fees for ATM withdrawals.
If you are using your NetSpend card solely for online gambling (and therefore don’t expect to make many regular payments), the pay-as-you-go plan is probably the best.
The fees associated with using NetSpend can add up – especially if you end up making multiple cash deposits for example. Planning how you will use your NetSpend card is essential for getting the most out of the product and not paying excessive fees.
NetSpend Processing Times
NetSpend transactions are very fast. Sportsbooks process card payments immediately, so you can start placing bets as soon as you make a deposit. Since the process is also extremely easy (just a matter of typing in your card number), NetSpend deposits are consistently among the fastest.
If you need to order a NetSpend card you will need to wait for it to arrive in the mail, but you can also register for a digital card which lets you start making payments immediately.
NetSpend Sign Up Bonuses
Any time you register with an online betting site, you can usually expect to receive a signup bonus. Often, to trigger your bonus you’ll need to use a promo code and make a deposit into your new account – and NetSpend deposits qualify just like any other payment method.
The most common welcome bonuses involve the sportsbook providing you with free bets or bonus cash worth the value of some or all of your first deposit. You won’t be able to withdraw your bonus right away. Instead, you’ll need to complete the wagering requirements – essentially a minimum number of times you need to bet with the money.
Sign-up bonuses are icing on the cake of joining a new sportsbook. You can read more about them in our full guide on sportsbook bonuses.
Advantages of NetSpend
NetSpend is the perfect deposit method for a lot of players. Below are some of the reasons so many people choose it.
Anyone can use NetSpend. You don’t need a credit rating, pay an activation fee, or even have a bank account. You can top up your card using cash, and use it to pay for anything you like.
NetSpend is very safe. Using it means you never need to give your personal banking or card details to any gambling sites. Gambling transactions never need to appear on your bank statement. Your gambling is both secure and private.
Your NetSpend card can be used for anything, and the NetSpend app is extremely useful and versatile. It’s a great way to manage your finances and spending without clogging up your online banking.
Disadvantages of NetSpend
Just like all banking methods, NetSpend is not perfect. Here are the main drawbacks.
- Compared with other deposit options, NetSpend is expensive. In fact, depending on your deposit habits it is often one of the most expensive methods at an online sportsbook. Now, we’re still talking about relatively small amounts – around $4 to top up your card in cash and $1.50 to make a deposit at your sportsbook – but the fees are there. If you are totally allergic to paying service fees, there are other options out there.
- You can’t use NetSpend for payouts, which is not the case with some other banking options like e-wallets. It means figuring out a different way to withdraw your winnings. Depending on your personal situation and the options at your sportsbook, this can be a minor or a significant inconvenience, and something you should consider in advance of signing up.
Personal and Private Card Transactions
NetSpend is an excellent service, since it allows you to make the exact same transactions as you do with a personal bank card, but with none of the concern about running out of money (since it’s prepaid) or negatively affecting your credit score.
As a discrete and safe way to make payments online, NetSpend cards work a charm.
NetSpend’s biggest downside is probably the fees associated with using your card, which vary depending on your spending habits. But for lots of bettors, the benefits outweigh this small drawback.
Check out our recommended NetSpend sports betting sites to get started with a welcome bonus today.
NetSpend Sportbsook FAQs
How do I make a NetSpend deposit at my online sportsbook?
Once you have signed up for a NetSpend card, you can use it in the same way as a regular bank card. In your sportsbook’s cashier, choose the Visa/Mastercard option, type in your card details and how much you want to deposit, and click confirm.
Are NetSpend payments fast?
Yes. NetSpend deposits are processed instantly and your money is available right away.
Can I withdraw using NetSpend?
No. NetSpend can only be used for deposits.