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If you’re looking to redeem Sweepstakes Coins as real world prizes then this guide to The Money Factory cash out process will tell you everything you need to know.
I’ll kick things off by laying out how Gold Coins and Sweepstakes Coins work before detailing the specifics on prizes. I’ll share the minimum redemption amounts – 100 SC for cash and 20 SC for gift cards, accepted redemption methods (currently only Skrill for cash prizes) and daily prize limits. I’ll also detail the ways you can add to your SC balance to keep those prize redemptions coming.
To fully get to grips with how you can redeem prizes at The Money Factory, it’s first necessary to understand how the sweeps casino model works as a whole. Instead of using real money to wager and cash out at sweepstakes casinos, you’ll be using two types of online only virtual tokens — Gold Coins and Sweepstakes Coins.
Now you know that Sweepstakes Coins are the key to unlocking real world prizes, you’re probably wondering how you can build up your SC balance. As you know you can’t buy them but, luckily, The Money Factory gives you lots of ways to build up Sweepstakes Coins, including:
Sign into your account each day to receive 1000 free Gold Coins and 0.2 Sweepstakes Coins.
Post a handwritten request to The Money Factory HQ to receive 3 free Sweepstakes Coins.
Invite your friends to join The Money Factory and you’ll receive 25, 000 Gold and 10 Sweepstakes Coins when they sign up and make a purchase.
The Money Factory’s Facebook and Instagram pages have giveaways happening every single week for the chance to win extra GC and SC. These competitions vary each week — sometimes you might need to like or comment on a post or answer a trivia question to be in with a shot. The amounts you can win also differ by competition but they’re all a fun way to build up free SC.
At this point you might be wondering if The Money Factory VIP program delivers extra rewards. At the moment there’s no sign of a loyalty club but it’s early days for this site. One could be added in the future and, if it is, Jaxon.gg will be the first to tell you about it.
Ok, now you’re all clear on how Sweepstakes Coins work and the different ways you can build up your SC balance, it’s time for the bit we’ve all been waiting for — how do you redeem SC as cash and gift card prizes?
Before you can complete The Money Factory redemption procedure you’ll need to meet a few key requirements, outlined below along with other key information:
| ⚡ Term | ✅ Details |
|---|---|
| Playthrough | Every individual Sweepstakes Coin has to be played through at least once before you can start The Money Factory redemption process. |
| Minimum redemption | The minimum redemption possible at The Money Factory is 100 SC for cash prizes.
Gift cards have a minimum redemption of 20 SC. |
| Maximum redemption | The maximum amount you can redeem in one day is $10,000.
The maximum amount you can redeem in a calendar month is $100,000. |
| Prize redemption methods | The Money Factory currently only offers one redemption method for cash prizes, Skrill.
There’s no The Money Factory instant bank transfer but it’s possible more redemption methods will be added to the site soon. |
| Processing time | Your first Money Factory redemption may take longer as you’ll need to verify your details and set up a Skrill payment method. After this, requests are usually processed within 24-72 hours. |
| Requirements | Before you can redeem your first prize, you’ll need to verify your account. This confirms that you’re over the age of 18 (or the legal age of majority in your region) and that you’re a resident in one of The Money Factory legal states. As a reminder, that’s every state except Idaho, Louisiana, Montana, Michigan, Nevada, and Washington. |
| Payout time | One of the things I love about The Money Factory is that cash prize redemptions usually only take between 24 and 72 hours. Compared to other sweepstakes casinos, where five to ten business days is normal, The Money Factory is lightning fast.
Gift cards are sent straight to your email within 48 hours. |
Once you’re logged into your account you’ll spot two tabs at the top right of the screen. One of these is your GC balance while the other details your SC balance, including the SC you have that is eligible for redemption. Once this total hits 100 SC, or 20 SC for gift cards, you can start the prize redemption process.
The actual task of getting your prize is very simple. Just head to your account and hit the ‘Redeem’ button. Choose your redemption method, cash or gift card, and follow the prompts. Easy peasy!
At the moment, there’s just one prize redemption method available for cash prizes but it’s very possible that The Money Factory will add to these in the future. However, as Skrill is an e-wallet, it does mean that prize redemptions are very quick and easy which is always a plus. Gift cards are also super straightforward and have a low redemption limit of 20 SC.
All games contribute to the playthrough requirement of redemptions so you can enjoy the best slots on The Money Factory, or live dealer games, and know that you’re building up SC towards the possibility of real world prizes. Once you’ve built up your SC, they can be redeemed at a rate of 1 SC=$1 in prizes straight into your pocket.
You can’t ‘cash out’ at The Money Factory in the same way you can at real money casinos, but you can redeem your Sweepstakes Coins as real prizes. This is possible once you’ve played through each SC once and reached a balance of 20 SC for gift card prizes and 100 SC for cash prizes.
Once you’ve requested your prize redemption from The Money Factory, they’re usually processed within 24-72 hours. The initial prize redemption may take a little longer as you’ll be required to verify your account details.
Technically, as The Money Factory is a sweeps casino, you won’t be withdrawing any winnings. Instead, you’ll be redeeming one of the virtual tokens you use to play with, Sweepstakes Coins, as real life prizes including cash. To redeem a prize, head to the ‘Wallet’ section of your account and press ‘Redeem’.
Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.
