Unfortunately, when we tested the withdrawal process at NetBet, we encountered a range of issues. To cut a long story short, we were unable to deposit with a debit card due to NetBet's technical issues and thus had to use Apple Pay. As a result, the only withdrawal option available for us was bank transfer.
We deposited and withdrew the minimum amount of £10, but we had to wait for over a week for the money to arrive. All because NetBet failed to inform us that additional documentation was needed to approve the withdrawal. Once this was sorted, though, the money was in the account after six hours.
Although it is easy to mistake NetBet for one of the new betting sites in the UK, the bookie has actually been around for quite some time and thus has a decent reputation among experienced punters. We have reviewed the site in full and while there are better options out there, one can understand the appeal of signing up.
In the table below, we have collected the key terms of withdrawals at NetBet, from the methods available to the minimum withdrawal amount for each. Those who are looking to sign up will be happy to hear that PayPal is one of the options, and that usually means that withdrawals are relatively quick.
Payment Method | Min. Limit | Max. Limit | Transaction Fee | Processing Time |
---|---|---|---|---|
Visa | £10 | Not specified | No fee | 1-4 business days |
Mastercard | £10 | Not specified | No fee | 1-4 business days |
Paypal | £10 | Not specified | No fee | Within 24 hours |
Trustly | £10 | Not specified | No fee | Within 24 hours |
Payz | £10 | Not specified | No fee | Within 24 hours |
Apple Pay | £10 | Not specified | No fee | 1-4 business days |
Google Pay | £10 | Not specified | No fee | 1-4 business days |
Those who are used to fast withdrawals from betting sites should opt for PayPal when moving funds to and from NetBet. As per the information on the site, verified during our test, withdrawals with PayPal will be processed within 24 hours. Along with Trustly, this is significantly faster than the other methods on the site, which can take up to four business days.
It is worth noting that the minimum withdrawal amount for PayPal at NetBet is £10. We have seen higher for this method on a few betting sites, but we have also seen lower. To really compete with the best betting sites in the country, therefore, NetBet could do with lowering the minimum amount to £5 instead.
If you are new to NetBet, and thus haven't withdrawn funds from the site before, you can follow our step-by-step guide for that process below:
To withdraw funds from the NetBet app, head over to the home screen and tap on your balance in the top corner. Then, in the menu that appears, tap the 'Withdraw' option.
Perhaps this was due to our choice of method when depositing (Apple Pay), but there was only one option offered to us to withdraw our funds: bank transfer. To begin the process, simply enter your bank details, including your account number and sort code.
Following this, scroll down the page and you will be asked to enter your withdrawal amount as well as your NetBet password. Finally, tap the black 'Withdraw £_ from sport' button.
Once you have done the above, you will be presented with a 'Withdrawal Receipt' - this page will show you the payment method, date of transaction, and the status of the withdrawal.
In our test, we were not informed that we had to submit documents for our withdrawal to be completed, meaning we were without our funds for almost a week until we chased NetBet up about the situation. However, after they had validated the documents, our payment was received in around 6 hours, which is very good.
NetBet offers a decent selection of payment methods for withdrawals and the minimum amount is set at £10 for all of these. There are bookies with lower amounts, but NetBet still deserves some praise for the number of methods offered, especially since new betting sites sometimes have just a few of them. PayPal, which is popular on many betting sites, will likely be that here too.
Operator | Welcome Offer | Bonus Code | Claim Offer | |
---|---|---|---|---|
| Welcome Offer Bet £10 Get £20 in Free Bets | No code required | Claim Offer | 18+. Deposit and place a £10 Bet Builder (3+ selections) with minimum odds 3/1 (4.00). Free Bet amount is split into 2 x £10 Free Bet to be used on any bet builder. All valid for 7 days. Full T&Cs apply. |
| Welcome Offer Deposit £10 and Get Up to 500 Free Spins | NBWELCOME500 | Claim Offer | 18+. New players, £10+ deposit, no e-wallets/prepaid cards, up to 500 Free Spins, 40x wagering requirements on Free Spins winnings. Free spins are credited in batches over 7 days. Full T&Cs apply. |
Isak is an experienced content writer with a background in sports journalism. Having focused mainly on football in the past, he certainly knows a thing or two about the betting industry. At BettingLounge, Isak makes sure that all of the content is up to date, specialising in reviews of UK betting sites.