Sweepstakes Casino Payments

If you constantly find yourself in dire need of coins to play your favorite games on sweepstakes casinos but are not sure of what payment option to use, then this guide has all the information you need to get started. In addition to our picks for the best sweepstakes casino payments, we also provide tips on how to pick the best coin packages, process your first redemption, and payment options to avoid.

Gold Coin Purchases and Sweepstakes Coins Redemptions

Virtual currencies like gold coins and sweeps coins are the only acceptable form of entry to play games on a sweepstakes casino, and you can get them for free every day. However, these social gaming sites also allow you to purchase a coin package to ensure an uninterrupted gaming session.

As the name implies, a gold coin package is a special bundle you can purchase to play casino-style games. You can only purchase non-redeemable gold coins, but as a bonus, you’ll receive free sweepstakes coins. With the free SC you receive, you can play games and redeem your winnings for cash prizes, which is what all players are after.

Depending on the virtual casino you visit, you’ll find different gold coin packages and a selection of payment options, and you must know how to pick the best payment method.

Purchasing Gold Coins

Sweepstakes casinos have a straightforward purchase process, which is in place to get you to spend more. To purchase gold coins using any of the payment methods available, here are the steps to take:

1. Click on the Buy button that should be visible at the top of the screen.
2. This redirects you to a coin store where you can find a list of all available packages, including information on any free gold coins, free sweeps coins, and the actual price you must pay.
3. If you have a pending bonus, like a first-purchase offer, you may get a pop-up notification.
4. Select the coin package you want to purchase to proceed to checkout.
5. Pick one of the available payment options on the checkout page and provide the required info.
6. Complete your payment; the coins should appear in your account immediately.

If you’re making your first purchase at the casino, always try to take advantage of the welcome bonus. This is usually a one-time offer that rewards you with a large amount of free coins for your first purchase, like the 66% bonus on Pulsz, or a discount on specific coin packages.

Sweepstakes Coins Redemptions

A redemption is the option to withdraw your SC winnings as cash prizes. The redemption feature is only available on sweepstakes casinos like WOW Vegas, Fortune Coins, or Pulsz Casino, so don’t expect to be able to get cash prizes when playing on social casinos like High 5 Classic or PENN Play Casino.

On any social gaming site, the gold coins you play with have no redeemable value, and only the sweepstakes coins offer real cash prizes as payouts. You will also find specific requirements for redemptions, like the minimum SC, wagering requirement, and so on, that you must meet to process your redemption.

Usual Sweeps Coins Redemption Rules

When processing a redemption on social casinos, there are some standard requirements you’ll come across, although the details of each requirement may vary for each platform:

1. Account Verification: Many sweepstakes perform a KYC procedure after you open your account, but a few sites defer this process until you process your first redemption. You must provide a government-issued ID and a selfie, a recent utility bill, and a bank statement to complete the process.
2. Wagering requirement: A 1x wagering requirement is standard on sweepstakes casino sites. This requirement applies to all free sweeps coins you receive via coin purchases, social media contests, or daily login bonuses.
3. Minimum SC: The minimum amount of sweeps coins you need to process a redemption varies from site to site, but it’s usually between the range of 10 SC to 100 SC. Pulsz Casino is a perfect example, with a 10 SC minimum for gift cards and a 100 SC minimum for bank transfers and Skrill redemptions.
4. Daily Redemption Limit: There is usually a $10,000 daily limit for prize redemptions.
5. Limits by Law: This applies to New York and Florida residents, where prize redemptions are restricted to a $5,000 maximum per win.
6. Payout Frequency: This varies depending on the site, with Chumba Casino processing one payout every 24 hours, while Pulsz Casino will process one request every 48 hours.

For accurate information on these requirements, always go through the Terms and Conditions page or Sweepstakes Rules section of the online casino you’re playing on. Our reviews also clearly highlight this info.

Redeeming Cash Prizes

If you meet all the requirements of the sweepstakes casino you are playing at, here are the steps to take for your prize redemptions:

1. Click on the Redeem button on your casino account.
2. Enter the number of coins you want to redeem.
3. Pick a payout channel. Remember, the number of coins you want to redeem must meet the minimum required for the payment option.
4. Enter all necessary details as required by the casino.
5. Complete any additional verification requirement depending on the amount you redeem.
6. Wait to receive your prize.

Some sweepstakes casinos process redemptions in less than 24 hours, while others may take up to 10 business days, depending on the payment option, so you must be patient.

Extra redemption methods

To promote easy prize redemptions, sweepstakes casinos usually have some additional payment options that you can select, including:

1. Paper Checks: Some sweepstakes casinos will offer paper checks as a payment option for players processing large redemptions. Not everyone will like this option due to the long time it takes to get the funds, but you might not get any other choice in some cases.
2. Gift Cards: This option is excellent for its low minimum redemption requirement, but it restricts how you can spend your winnings. On some casinos, you’ll be lucky to get an Amazon or Visa gift card, while others offer 7-Eleven or Walmart gift cards in exchange for your coins.

You should note that other options like bank transfers, Skrill, PayPal, and cryptocurrencies may be available for both deposits and redemptions, but paper checks and gift cards usually support redemptions only.

Finding the Best Sweepstakes Casino Payment Option For You

The performance of payment methods on social casinos will significantly impact your overall gaming experience, so it’s crucial to identify the best option. Due to location, playstyle, and personal preference, some options may work better for you than others, and here are the standard areas I always use to gauge a payment channel:

1. Transaction speed: Many players prioritize transaction speed over other factors when picking a payment option. Cryptocurrencies and e-wallets are your best bet if you’re one of these players.
2. Fees: Although most social casinos don’t impose fees on your payments, the payment processing company may have fees. For low fees, e-wallets are always great.
3. Accessibility: Sweepstakes casinos offer payment options available in all parts of the US. However, double-checking that a payment service works flawlessly in your location is always a good idea.
4. Safety: The payment options I’ve listed are all safe and secure, so you can be at ease when using them. However, sweepstakes casinos also have a role to play, so I recommend you check out our top US sweepstakes since they offer a high level of security for your information and transactions.
5. Simplicity: Payment options that are easy to use are always welcome, which is why I always go for e-wallets or mobile wallets when purchasing coin packages.
6. Bonus Offers: Some social casinos offer bonuses, like 5% extra coins, for using a specific payment option. If you find one of these offers, then you must take advantage.

How to Identify the Best Gold Coin Bundle

When assessing the payment options on a social casino, I also like to check out the packages they offer. For any casino you visit, there are two areas to consider when determining the quality of its coin packages:

• The value of free SCs you receive on every offer
• Discounts on offers

SC conversion rate

In general, each gold coin package you purchase from a sweepstakes casino will come with a specific amount of free SC, which is usually equivalent to the price of the package. However, you need to know the casino’s SC to $ conversion rate to determine if the free SC is worth the cost.

For example, Fortune Coins has a 100 FC to $1 conversion rate, and its $5 package rewards you with 1,000,000 GC and free 515 FC. So, on every $5 you spend, you get $5.15 worth of free SC.

On the other hand, Pulsz has a $1 to 1 SC conversion rate and a $4.99 package that pays out 79,500 GC and 5 SC, meaning you get $5 worth of free sweepstakes coins for every $5 you spend.

Although this doesn’t happen often, a few sites, like WOW Vegas and Pulsz Casino, may have specific packages that don’t include free SC.

Discounts

While the standard free SC you get from a coin package is usually equivalent to the $ value of the package, discounts on certain offers can offer massive benefits. On a site like Pulsz, you get a first-time purchase offer that awards a discount on specific packages. You can pay $9.99 for 173,500 GC and 15 SC ($5 extra benefit) or $19.99 for 362,000 GC and 30 SC ($10 additional benefit).

Sweepstakes Casino Banking Options to Avoid

Despite the availability of trustworthy banking options, there are other payment channels I recommend you refrain from using. In most cases, these payment channels may be reliable, but the sites offering them make them less than ideal:

Crypto payments on aggregators

Although Stake.us has done an excellent job showcasing the positive features of cryptocurrencies, many other sites are working hard to discredit this payment option. Examples are BitBetWin and BitPlay, where you can find a selection of sweepstakes games from platforms like VBlink, Juwa, Vegas Sweeps, etc.

Unfortunately, these third-party aggregators don’t provide much information on their operations or ownerships, which is a huge red flag in online gaming. Add this to cryptocurrency payments, which are usually untraceable and irreversible, and you have a rogue casino waiting to scam you.

Cash App

US residents will have heard of Cash App, a mobile payment system that supports peer-to-peer payments, the purchase of cryptocurrencies, and the storage of funds.

Although Cash App is a trustworthy payment channel, I’ve frequently encountered this option on Facebook sweepstakes casinos. Many of these casinos are third-party operators like BitBetWin that host casino games from untrusted names like Riversweeps, Milky Way, and Vegas-X, so I recommend you skip it.

Summary

Finding solid sweepstakes payment methods may be easier than you think, and this may give the impression that all casinos are built the same. However, there are several other factors to consider when searching for top online sweepstakes casinos to visit.

So, while I’ve gone through all the basics of picking the best payment options, this is just the tip of the iceberg, and you’ll need to cover other aspects if you want the best experience.

To put your mind at ease, our experts constantly provide reviews of sweepstakes casinos, focusing on the games, promotions, payouts, and other features they offer. Of course, the gold coin bundles, banking options, redemption limits, and built-in sweeps coins are at the forefront of our assessment.