Sweepstakes Casino Payment Methods: Everything You Need to Know to Make a Purchase or Redemption

Alicia Butler
Written by:
Alicia Butler
Andrew McDermott
Fact checked by:
Andrew McDermott
🗓
Updated:
April 9th 2024
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Sweepstakes Casino Payment Methods

Before signing up for a sweepstakes casino, you should consider which payment and redemption methods each one offers.

If you want to make fast and easy payments using the methods you use most often, check to see which ones each site offers; if you want to get your redemption prizes as soon as possible, consider common redemption timeframes.

The most common sweepstakes casino payment methods include major credit cards and debit cards, bank transfers, Trustly Online Banking, and e-wallets – such as PayPal and Skrill. Redemption methods may vary, but you may need to redeem prizes to the same method you used to purchase Gold Coins.

Is It Safe to Make Purchases at a Sweepstakes Casino?

Yes, sweepstakes casinos use encryption technology to keep your information safe and work with major payment providers like PayPal, Visa, MasterCard, Trustly, and more.

If a sweepstakes casino requires you to hand over personal banking information or send an unverified payment through an e-wallet, you shouldn’t trust this site.

You’ll also need to undergo know-your-customer (KYC) verification, which we’ll cover in detail later in this article. All legit sweepstakes casinos require this verification process.

At OddsSeeker, we’ll let you know which sweepstakes casinos are legit, so you can feel secure making payments on these sites.

Sweepstakes Casino Payment Methods

Payment methods vary by sweepstakes casino, but you’ll find the most common payment types below, listed in descending order, from most common to least common.

There are no legit sweepstakes casinos that charge customers for making payments, though one site charges for redemptions – Stake.us.

Gold Coins and FREE Sweeps Coins are usually made available for immediate gameplay, though redemption times usually vary by each casino.

Major Credit/Debit Card

The most common way to pay at sweepstakes casinos is by the major credit card and debit card.

Visa and MasterCard are most commonly accepted at these sites, as well as debit cards with their logos.

It’s very safe to use major credit cards and debit cards to make purchases at sweepstakes casinos.

Not only do the sites themselves set terms and conditions regarding payments and withdrawals, but your credit card or debit card company generally safeguards your purchases.

The most common credit cards accepted at sweeps coin casinos include the following:

  • Visa

  • MasterCard

  • American Express

  • Discover Card

  • Diners Club Cards

Trustly Banking/Bank Transfer

The second-most common payment and redemption method is bank transfer, including transfers made by Trustly Online Banking.

In some cases, you may need to enter your banking information at sweepstakes casinos, though more and more are exclusively only allowing players to make transfers using Trustly.

With Trustly, you can directly log into your bank account through this third-party provider. Trustly is a well-respected payment processor, used by some of the biggest casinos in the industry, as well as other big-name brands, such as Lyft, Western Union, and TMobile.

When you redeem FREE Sweeps Coins using Trustly, it may take between three and five business days to receive your funds.

Skrill

The most common e-wallet used in the casino industry is Skrill, a payment processor that works almost exclusively with online casinos and sweepstakes casinos.

Similar to PayPal and other e-wallets, Skrill allows you to add funds to your account using your debit card, credit card, or banking information.

You can also order a Skrill prepaid Visa and use those funds to make payments and redemptions at online casinos.

It could take three to five business days to receive your redemption by Skrill – and then another few business days to transfer funds from Skrill to your bank account.

Apple Pay/Google Pay

If you’re making payments or redemptions directly from a sweepstakes casino app, you can usually do so with Apple Pay or Google Pay, depending on your device.

Again, payments are processed immediately.

It’s not possible to redeem FREE Sweeps Coins using Apple Pay or Google Pay, so you’ll need to choose another method for redemptions.

PayPal/Venmo

PayPal is an accepted method of payment at only some sweepstakes casinos.

The casinos that accept PayPal for purchases and/or redemptions include:

  • High 5 Casino

  • Golden Hearts Casino

  • Rivers Casino4Fun

As with Skrill, Gold Coins purchases are made available for immediate gameplay, though redemptions could take up to five business days to process.

You’ll also need to wait for the time it takes to transfer the funds from your PayPal account to your bank account or debit card.

PayPal may also charge transfer fees.

Gift Card

Some social casinos, such as Chumba Casino, allow you to purchase Gold Coins with gift cards, such as the Paysafecard.

It’s also very common to be able to choose a gift card as a method of redemption. Many sweepstakes casinos allow you to redeem FREE Sweeps Coins for gift cards for Amazon, Paysafe, Target, Home Depot, and other retailers.

If you choose a gift card as a method of redemption, the minimum number of Free Sweeps Coins you need to win to trigger the threshold is much lower than if you redeem them for cash prizes.

If you plan on using your prize to make purchases at such a retailer, you may want to opt for a gift card redemption instead of cash. Gift cards are usually emailed immediately after the redemption is requested – or at least within 24 hours.

Cryptocurrency

Many sweepstakes casinos are now accepting cryptocurrency as a form of payment and redemption.

Some sites, such as Stake.us, exclusively accept cryptocurrency.

Though you generally won’t need to pay a fee to make a purchase with crypto, such as Bitcoin or Ethereum, you may need to pay a fee to redeem using these methods.

Stake.us charges a small fee of around 5 SC to redeem, though the exact fee amount depends on the method of crypto used.

How to Choose the Best Sweepstakes Casino Payment Method

When choosing a sweepstakes casino, you’ll want to consider the payment and redemption methods each one offers.

In addition to each method itself, you’ll also want to factor in redemption times, fees, and verification checks.

Payment/Redemption Fees

Some sweepstakes casinos charge fees to redeem winnings, though none of the sites we recommend on OddsSeeker currently charge to make payments.

The most common redemption types associated with fees are ACH transfers and cryptocurrency.

Redemption Mimimums

All sweepstakes casinos set redemption minimums. Before you can redeem your FREE Sweeps Coins for prizes, you’ll need to win a minimum amount.

If you’re happy redeeming your Free Sweeps Coins for gift card prizes, redemption minimums are usually pretty low.

You only need to win 10 Redeemable Sweeps Coins before they’re eligible for gift card redemption at McLuck Casino. Yet, you’ll need to win at least 75 SC to redeem them for cash prizes.

Processing Times

It usually takes between three and five business days for your cash prizes to hit your account at most sweepstakes casinos – regardless of the redemption method; however, gift card redemptions only take around an hour to process.

At some sites, such as Chumba Casino, it could take up to 10 business days to receive your cash prize.

KYC Verification Checks

Before you can redeem FREE Sweeps Coins for prizes, you’ll need to complete a (know-your-customer)KYC verification check.

These look different at every site, so try to complete the process as soon as you can.

Depending on the sweepstakes casino, you may need to upload a photo of your government ID, a selfie, and proof of address (such as a utility bill) before you can redeem winnings.

Some sweepstakes casinos perform KYC verification through the method you use to purchase Gold Coins.

It could take a few business days to a few weeks to complete these verifications, so try to complete them upon account signup. You may also need to complete KYC verification before you can accept certain types of bonuses.

How to Make a Purchase at a Sweepstakes Casino

To make a purchase at a sweepstakes casino, you’ll need to follow similar steps. Some of the most common steps to take include:

  1. Click “Buy Gold Coins” or a similar button on the homepage.

  2. Or, click on your account wallet or avatar and click “Buy Gold Coins”.

  3. Choose the number of Gold Coins you want to purchase.

  4. Choose your payment method.

  5. Enter your payment information.

  6. Click “Buy”.

Your Gold Coins and bonus FREE Sweeps Coins should be available for immediate gameplay.

If your Coins aren’t available, you may need to wait a few hours – or contact customer support for help.

Purchase Restrictions

Most sweepstakes casinos only allow you to purchase a set number of Gold Coins. Purchase amounts usually start at around $1.99 – though this really varies by site.

You may also need to complete KYC verification checks before you can purchase Gold Coins. This ensures that the only person making purchases on your account is you and that you’re of legal age to play and live in a state or province where the casino operates.

How to Redeem at a Sweepstakes Casino

To redeem your FREE Sweeps Coins for prizes at sweepstakes casinos, you’ll need to follow similar steps such as the ones below.

  1. Click “Redeem” in the main menu (this button may also be located in your account or wallet).

  2. Check your Redeemable Sweeps Coin balance to see if you have enough to start the redemption process.

  3. Enter the number of FREE Sweeps Coins you want to redeem.

  4. Choose your redemption method (if applicable).

  5. Click “Redeem”.

Redemption Restrictions

Before initiating a redemption, you may need to satisfy some restrictions including:

  • Clearing playthrough requirements.

  • Winning a minimum number of FREE Sweeps Coins.

  • Completing KYC verification checks.

Can You Use Different Payment Methods for Purchasing and Redeeming?

Some sweepstakes casinos only process redemptions to the same method used to purchase Gold Coins. This is also part of the KYC verification process to ensure that no one else is using your account – especially minors or anyone on an exclusion list.

In some cases, you may be able to change your redemption method. For example, if you’ve closed the account used to purchase Gold Coins, you can choose to get an e-gift card instead.

But at most sweepstakes casinos, you are allowed to choose the method you’d like to use for redemptions.

If you’ve never made a Gold Coin purchase and only received Free SC Coins through bonuses, such as login bonuses, sweepstakes mail-in requests, and other online casino no-deposit bonuses, such as welcome bonuses, you may be required to provide a redemption method.

At some sites, such as NoLimitCoins, TaoFortune, and Funrize, the only way to get FREE Sweeps Coins other than as a bonus with a Gold Coins purchase is to send in sweepstakes mail-in requests. You may need to contact customer support to find out how to complete KYC verification checks and choose a redemption method.

Common Sweepstakes Payment Method Issues

The most common issues with payment methods include the name on your financial institution not matching the one on your government ID, Gold Coins and FREE Sweeps Coins not hitting your account after making a Gold Coins purchase, and canceling your payment method before making a redemption.

To ensure payments go smoothly, you’ll want to:

  • Use a method with a name that matches your government ID as well as the name on your account.

  • Ensure you enter your payment details accurately.

  • Verify you’re located (and your address is) in a state where the sweepstakes casino is legally allowed to operate.

  • Confirm your financial institution accepted the payment.

  • Wait a few hours if your Coins aren’t properly credited to your account (up to 72 hours if possible).

  • Contact customer service to help troubleshoot any issues.

  • Complete KYC verification checks as soon as you open your sweepstakes casino account.

Troubleshooting Redemptions

There are also a few common issues players have when making redemptions. The most common ones include:

  • Not receiving reward funds or gift cards

  • Inability to redeem FREE Sweeps Coins

  • Incomplete verification checks

If the system won’t allow you to redeem your FREE Sweeps Coins for prizes, you should check to ensure that you’ve:

  • Cleared playthrough requirements.

  • Won the minimum number of Free Sweeps Coins to redeem.

  • Completed verification checks.

If you’ve completed a redemption but haven’t received your funds or e-gift card after five business days, contact customer support.

It’s not uncommon for bugs or technical issues to slow down redemption processing times.

You may need to wait a few more hours to a few days to receive your winnings, but at least you’ll have a better understanding of any issues.

Alicia Butler
Topic Expert
Alicia Butler

Alicia is OddsSeeker's Lead Editor & Fact Checker! She's been reviewing online casinos, sportsbooks, and other gaming since 2021, but has well over a decade of experience writing and editing for some of the largest online magazines and brands since 2011! Over her career, Alicia has worked as a travel and entertainment writer & editor contributing to widely read digital publications such as The Spruce, The Balance and The Spruce Pets, VeryWell, and TripSavvy. Alicia makes sure our readers can trust every word - holding both our team & our gaming operator partners to the highest standard to ensure that our readers always have the best possible experiences playing gaming online! Beyond OddsSeeker, Alicia is a marketing expert, entrepreneur, and avid traveler based in Connecticut!

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