Ready to cash out your winnings at RealPrize Casino? Then, you’ve come to the right place. Understanding the site’s promotional play rules and payout process can save you a lot of time and frustration down the road. That’s why this guide covers everything you need to know about RealPrize redemptions.
We’ll break down the RealPrize cash-out methods currently available, average payout times, and minimum/maximum redemption limits. Plus, we’ll provide step-by-step instructions for redeeming Sweeps Coins and converting them into real cash prizes or gift cards. Let’s get started!
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Does RealPrize Casino Pay Out Real Money?
Before we get into how RealPrize cashouts and redemptions work, let’s quickly answer a common question: Does RealPrize Casino actually pay out real money?
The answer is yes… but maybe not in the way you’d expect. RealPrize is a sweepstakes casino, not a traditional gambling site. Instead of betting real money on games, you’ll wager two types of virtual currency: Gold Coins and Sweepstakes Coins.
- Gold Coins (GC): These are used to play slots and other casino-style games for fun. Gold Coins have no monetary value, cannot be exchanged for real prizes, and are used for entertainment purposes only.
- Sweepstakes Coins (SC): More commonly known as “Sweeps Coins” or just “SC,” these tokens represent free entries into RealPrize’s promotional sweepstakes contests. Sweeps Coins can be redeemed directly for real prizes (hey, that’s the name of the casino!) at a rate of 1.00 SC = $1.00.
If you’ve played at social and sweepstakes casinos before, this probably isn’t anything new to you. However, if you’re new to this type of platform (or just have some questions about how RealPrize does things), don’t worry!
Just keep reading as we break everything down for you.
How To Cash Out at RealPrize Casino
Cashing out at RealPrize Casino is actually pretty easy, especially compared to a lot of other social casinos out there. Below, I’ve put together a list of step-by-step instructions on how to redeem Sweeps Coins for real prizes. These steps worked for me, and they should work for you too!
Step 1: Log Into Your RealPrize Account
To get started, visit RealPrize.com on your desktop or the Real Prize app on your smartphone, tablet, or another preferred device. Proceed to log into your account, or if you’re new to the platform, complete the quick registration process.
Step 2: Click the Redeem Button
Once you’re logged in, locate the Redeem button in your sidebar menu (or at the bottom of your screen on mobile) and click it.
Step 3: Verify Your Identity
You’ll then need to complete the RealPrize Casino account verification process (if you haven’t already done so). To do this, just upload the requested documents (photo ID, proof of address, etc.) and take a quick selfie when prompted.
Then, it usually takes between 24-48 hours for your account to be successfully verified by the RealPrize time.
Step 4: Choose Your SC Amount and Redemption Method
Choose how many Sweeps Coins you’d like to redeem. This amount will need to be between 45 SC and 10,000 SC (more on that later).
Then, select your preferred prize redemption method: cash prize or gift card. If you choose the cash prize, you’ll then need to decide whether you’d like to redeem the winnings to your bank account or e-wallet (Skrill).
Step 5: Submit Your Prize Redemption Request
Once you’ve filled out the form, you can go ahead and submit your prize redemption request. The RealPrize team will review it and typically approve it within a day or two. If everything checks out, you’ll get a confirmation email, and your prize will be processed and sent to you pretty soon after.
RealPrize Redemption Methods
RealPrize Casino currently offers three different prize redemption methods: cash prizes via Instant Bank Transfer, cash prizes via Skrill wallet, and Prizeout gift cards. Here’s a quick breakdown of each option:
| 🔄 Redemption Method | 💰 Min. SC Required | ⏳ Average Payout Time | 💲 Fees |
|---|---|---|---|
| 🏦 Instant Bank Transfer | 100.00 SC ($100.00) | 1-5 Business Days | None |
| 💸 Skrill | 100.00 SC ($100.00) | 1-3 Business Days | None |
| 🎁 Gift Card | 45.00 SC ($45.00) | Within 24-48 Hours | None |
Instant Bank Transfer
Like most other sweepstakes casinos, RealPrize lets you redeem Sweeps Coins for real cash prizes through a direct transfer to your bank account. The minimum redemption amount is 100 SC, and funds will typically hit your account within a couple of days once approved.
According to RealPrize’s terms, cash prizes will be paid in USD to the same bank account you used to purchase Gold Coins. If that’s not an option, you can provide a different bank account, but it must be under your name (not your spouse’s, family member’s, or anyone else’s).
Skrill
RealPrize also lets you cash out SC winnings to your Skrill account. This online/digital wallet option tends to be quicker than traditional bank transfers, and it’s something not all social casinos offer. Just like with instant bank transfers, the minimum redemption for a cash prize to your Skrill wallet is 100 Sweeps Coins.
Prizeout Gift Cards
Lastly, you can choose to redeem your winnings for Prizeout gift cards, which is typically the fastest option for cashing out at RealPrize. If you go this route, the gift card will be sent to the email address you used to register your account.
The minimum redemption for a gift card is 45 SC, and you can choose from a wide range of popular brands, including Amazon, Uber, Chipotle, Walmart, and more.
Minimum & Maximum Redemptions at RealPrize Casino
Even though we’ve already touched on it a bit, let’s take a closer look at the minimum and maximum redemption amounts for each RealPrize payout method. The table below provides a clear overview of any limitations or restrictions you face when redeeming your winnings:
| RealPrize Cash-Out Method 💳 | Minimum Redemption ⬇️ | Maximum Redemption ⬆️ |
|---|---|---|
| Instant Bank Transfer | 100 SC ($100.00) | 10,000 SC ($10,000.00) per day |
| Skrill | 100 SC ($100.00) | 10,000 SC ($10,000.00) per day |
| Prizeout Gift Cards | 45 SC ($45.00) | 10,000 SC ($10,000.00) per day |
As you can see, the minimum redemption is 100 SC ($100) for cash prizes, which is a bit higher than some other social casinos (many set their threshold at 50 SC or 75 SC). Meanwhile, the minimum limit for gift card prize redemptions is just 45 SC ($45.00).
There’s also a daily redemption limit of 10,000 SC ($10,000), so that’s the most you can cash out in a single day. If you’re playing in New York or Florida, there’s an extra rule: any single redemption over $5,000 gets capped at $4,999. This is done to comply with the states’ laws for promotional sweepstakes contests.
How Long Does RealPrize Take To Redeem?
RealPrize redemption times can vary quite a bit. What you hear from someone online or even a friend might be completely different from your own experience.
That said, in most cases, RealPrize takes about 1-2 days to approve a redemption request. The timing depends on when you submit it; requests made on weekends, holidays, or outside business hours might take a little longer.
Once your request is approved, the payout time depends on your chosen method:
- Bank Transfer: 1-3 business days
- Skrill: Within 24 hours
- Prizeout Gift Cards: Almost instantly (usually within a couple of hours after approval)
That said, there are a few other factors to consider as well. For example, according to RealPrize’s terms, the verification process can take up to 30 days, especially if additional documents are needed.
If you’re redeeming $2,500 or more in prizes, it may take longer due to extra banking, security, and fraud checks. Also, in some cases, large redemptions are paid in multiple installments instead of one lump sum.
Ultimately, from my experience, RealPrize Casino redemptions tend to get quicker after your first one (or first couple), so you can expect the process to speed up over time.
Other Important Things To Know About RealPrize Cashouts
Before we go any further, here are a few other important things to know about redemptions at RealPrize Casino:
1. Sweeps Coins Have a 1x Playthrough Requirement
At RealPrize, all Sweeps Coins come with a 1x playthrough requirement.
You’ll have an “SC Balance,” which includes all the Sweeps Coins you’ve collected through promotions (e.g., the RealPrize No Deposit Bonus), purchases, and gameplay, as well as an “Available To Redeem” balance.
The Available To Redeem balance is the number of Sweeps Coins that have already met the casino’s 1x playthrough requirement and are, therefore, eligible for redemption as a cash prize or gift card.
2. There Aren’t Any Fees on Prize Redemptions
One great thing about RealPrize is that they don’t charge any fees when you cash out. Whether you choose to redeem SC through an online bank transfer, Skrill, or Prizeout gift card, you’ll get the full amount you’ve won with no extra charges or deductions.
3. No Purchase Is Required To Cash Out
At RealPrize Casino, you aren’t required to make a purchase before redeeming any prizes. While you can buy Gold Coin packages (which typically include free SC) at any time, you don’t have to. Your ability to redeem prizes doesn’t rely on making any deposits or payments.
As long as you meet the 1x playthrough requirement and minimum redemption thresholds (45 SC for gift cards and 100 SC for cash prizes), you’re free to redeem winnings as you please—with no purchase necessary.
4. You Can Only Redeem Once Every 24 Hours
One last thing to keep in mind: you can only make one prize redemption request every 24 hours at RealPrize. But if you ever change your mind, you can cancel a pending request by going to your account settings, checking your pending transactions, and hitting “Cancel.”
Need Help with RealPrize Payouts? Check Rules or Contact Support
If you ever have questions about RealPrize redemptions, the first places to check are the site’s Promotional Play Rules (also called the “Sweeps Rules”) and Help Center.
These sections cover pretty much everything you need to know about the verification process, wagering requirements, minimum redemption thresholds, and so much more.
If you need more help, you can always reach out to the RealPrize customer support team directly. You can email them at [email protected] or submit a request through the website or app. They typically respond within 24 hours and will be happy to answer any questions you may have.
I’d also encourage you to check out our in-depth RealPrize Casino review. In it, we cover everything from the games and promotions to the user experience, sign-up process, and (of course) prize redemptions.
RealPrize Redemption FAQs
RealPrize typically processes all prize redemption requests within 1-2 business days. Once approved, the payout time will depend on your chosen cash-out method: 1-3 days for bank transfers, less than 24 hours for Skrill, and just a few hours for Prizeout gift cards.
No, Gold Coins cannot be redeemed for real money or other prizes at RealPrize Casino. They are intended to be used for entertainment purposes only and cannot be redeemed for anything (no matter how many you win).
Nope! RealPrize doesn’t apply any fees to your withdrawals. You’ll get to keep the full amount of your winnings, with no extra charges or deductions, regardless of the withdrawal method you choose.
To speed up your RealPrize redemptions, make sure you’ve completed all necessary verification steps ahead of time. This can help avoid delays during the approval process. Also, submitting your redemption request during business hours (Monday through Friday) will typically make the process go a bit quicker.
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