RealPrize Payment Methods: All You Need to Know
If you’ve heard of sweepstakes casinos, you might have come across RealPrize, one of the newest additions to this buzzing scene online.
In this article, you’ll learn everything you need to know about RealPrize payment methods, including the banking options available, deposits and withdrawals, and how to redeem prizes.
Does RealPrize Casino Use Real Money?
Unlike traditional online casinos, you won’t be using real money to play games at RealPrize. Instead, the site uses a dual-currency system made up of two virtual coins:
- Gold Coins (GC): You can purchase more Gold Coins with real money, but your spins, wins, and jackpots are solely meant for entertainment purposes and hold no real cash value.
- Sweeps Coins (SC): While they cannot be “cashed out” for real money, Sweeps Coins can be redeemed for digital gift cards or cash prizes.
Accepted Payment Options at RealPrize
RealPrize accepts several trusted payment methods that largely accommodate the U.S. market. Here are the most popular options available:
- Credit and debit cards: Visa, Mastercard, and other widely used card brands are accepted. However, if your bank doesn’t recognize RealPrize as a valid merchant within its system, your transaction might be declined.
- Instant bank transfer: You can use this option to add funds to your account.
- E-wallets: E-wallets offer a convenient and secure way to manage online transactions without the need for physical cards. Skrill, for example, is a widely used e-wallet that allows you to deposit and withdraw funds, make payments, and send money online with just an email address and password.
- Alternative digital payment methods: These may be available depending on your location and banking options.
Remember that you must purchase Gold Coins with a payment method in your name, as RealPrize is subject to strict verification and KYC (Know Your Customer) requirements.
Step-by-Step Guide: How to Make Purchases on RealPrize
Purchasing Gold Coins is the only transaction type you can make at RealPrize. Here’s how to go about it:
- Step 1: Log into your account (or register a new account).
- Open the official RealPrize website following our link.
- Sign up for an account if you haven’t already.
- Go through the verification process (verified accounts will have an easier time redeeming prizes).
- Step 2: Navigate to the Gold Coin store
- Once you’ve logged into your account, navigate to the Gold Coin store or “Add money” button.
- You’ll be presented with options to add funds to your account.
- Step 3: Select a bundle
- Gold Coin bundles are available in different sizes and costs. You’ll also receive free Sweeps Coins with your purchase.
- Step 4: Select a payment method
- Choose your preferred deposit method, such as a debit/credit card, instant bank transfer, or e-wallet.
- Contact your bank before purchasing if your bank is likely to block unknown transactions.
- Step 5: Enter your banking details
- Enter your debit/credit card information, bank account details, or login information for your e-wallet.
- Double-check that your information is correct.
- Step 6: Confirm the transaction
- Confirm the amount, Gold Coin bundle, and payment method.
- Click “confirm” and wait for the transaction to process.
- Step 7: Check your balance
- Once the transaction is complete, your Gold Coins will be added to your account balance.
How to Redeem Prizes at RealPrize
As mentioned above, you can’t “cash out” your winnings at RealPrize. Instead, you’ll need to redeem your Sweeps Coins to get your rewards:
- Earn Sweeps Coins
- You’ll earn Sweeps Coins by playing games available on the site or by taking part in special promotional activities.
- You cannot redeem Sweeps Coins until they’ve been played through.
- Play through the Sweeps Coins
- Sweeps Coins received through bonuses, giveaways, and purchased Gold Coin bundles must be played through at least once.
- Meet the minimum redemption requirement
- You need at least 45 Sweeps Coins to redeem a gift card and 100 Sweeps Coins to redeem a cash prize.
- Select “Redeem” from your account dashboard
- You can choose a cash prize or digital gift card.
- Verify your identity
- If you haven’t already, you’ll need to verify your identity by uploading a valid photo ID.
How Secure Are RealPrize Payment Transactions?
All deposits and redemptions at RealPrize are subject to strict KYC checks to confirm that all payments are conducted by legitimate, real individuals. Therefore, you must upload official documents to validate your identity before you can redeem a prize.
Rest assured, however, that RealPrize has top security protocols in place to prevent third parties from accessing sensitive information.
How Long Does It Take to Process RealPrize Transactions?
Most deposits are processed instantly at RealPrize – this is especially true for major debit/credit card brands and instant bank transfers.
However, some transactions—such as redemptions—may take a bit longer if additional verification is required. Gift cards, for example, take one to three business days to process, while cash prizes, depending on the payout method, take up to seven business days.
Potential Issues in RealPrize Transactions
Ran into a problem while trying to make a transaction or redeem a prize? Here are a few potential reasons why:
Your bank doesn’t recognize RealPrize
If your bank hasn’t listed RealPrize as a valid merchant within its system, it might block the transaction. To resolve this, you can call your bank to authorize payments to RealPrize or use a different payment method.
You haven’t submitted your KYC documents
If you haven’t verified your identity, your requested prize redemption might be delayed. Ensure you’ve uploaded the appropriate documents, such as a photo ID and proof of address.
High Volume of Transactions
RealPrize might be experiencing a higher-than-usual volume of redemptions or transactions. In this case, you’ll simply have to be patient and wait for the casino to get to your request.
Technical issues
If RealPrize is experiencing technical issues or undergoing routine maintenance, your transaction might take longer than usual. Check the FAQ and announcements for updates.
Key Pros and Cons of RealPrize Payment Options
Here are some pros and cons of RealPrize payment methods:
Pros:
- Several payment methods are available, including debit/credit cards, instant banking, and e-wallets
- KYC and verification checks prevent fraudulent transactions
- Encryptions prevent third parties from accessing your data
- Deposits are processed instantly
Cons:
- No cash withdrawals are available
- Redemptions can take up to seven business days to process
- RealPrize isn’t available in every U.S. state
RealPrize Payment Methods FAQs
Below are some of the commonly asked questions about RealPrize payout methods. The concise answers will help you troubleshoot any issues.
RealPrize accepts debit/credit cards, instant banking, and e-wallets. Be aware that you will have to complete KYC verification checks in order for your transactions to be processed smoothly.
After you’ve purchased Gold Coins, your balance will update, and you’ll receive an on-screen notification. If your transaction was unsuccessful, you’ll receive an error message.
You’ll need at least 45 Sweeps Coins to redeem a gift card and 100 Sweeps Coins to redeem a cash prize.
Gift cards take one to three business days to process, while cash prizes can take up to seven business days. Cash prizes can take longer to process if additional verification is required.
Make sure you’ve submitted your KYC documents and check with your bank to see if they’ve blocked the transaction. If all else fails, contact customer support.
No. RealPrize doesn’t charge additional fees for deposits and redemptions, but your payment provider might.
Since RealPrize doesn’t offer withdrawals, there is no withdrawal limit. However, state restrictions may apply.
Conclusion
RealPrize supports a variety of payment methods to accommodate the preferences and needs of its U.S. users, ensuring that every transaction is secure and accessible.
Importantly, the casino’s commitment to rigorous KYC and verification checks, along with its use of advanced encryption technology, guarantees that your data remains protected, making each payment safe from unauthorized access.
Whether you are making deposits or redeeming prizes, RealPrize’s robust payment system stands ready to support your needs efficiently and securely.