The Money Factory has amazing potential as a US sweepstakes casino with its 1,000+ casino-style games and fantastic range of promotions. But I know that you want to know about The Money Factory cashout process!
You’ll be pleased to know that cash prize redemptions are available at The Money Factory, and that you can do this using different payment methods. This is facilitated by some brill offers like the welcome bonus and daily login bonus that give you a stream of Gold Coins and Sweeps Coins. Read on to find out about the redemption process.
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The Money Factory Highlights
- Innovative Game Mechanics
- Secure and Trustworthy Platform
- Generous Rewards and Promotions
Understanding Sweeps Coins at The Money Factory
Before we look at The Money Factory redemption process let’s have an introductory lesson about its virtual currencies. At this sweepstakes casino you have two currencies – Gold Coins and Sweeps Coins, which are both used for gameplay:
- Gold Coins: GC have no monetary value and can never be redeemed for cash prizes. They are usually available in the tens of thousands and you can get them for free via the welcome bonus, daily login bonus, referral scheme, and social media contests. If you switch to GC mode on The Money Factory, you play games using GC, and your prizes are given as GC.
- Sweeps Coins: SC can be redeemed for cash prizes. These are usually available in smaller quantities compared to GC. You can get them for free in several ways such as the welcome bonus,
The Money Factory weekly bonus, and via mail-in request. You can switch to SC mode to play games using your Sweeps Coins balance – any prizes you get in this mode will be given as SC.
To summarize – Gold Coins are purely for fun, while Sweeps Coins can be redeemed for cash prizes, which is why they are so sought after. And does The Money Factory pay out? Of course, but as you will see in the below section, there are a range of caveats before redemptions are available.
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Important terms and conditions for The Money Factory redemption requests
The redemption process at sweepstakes casinos is slightly more convoluted compared to their real money counterparts and this is the same with The Money Factory. Before you can make redemptions, there are terms and conditions you must be aware of, and qualifying factors you must meet:
- Minimum 100 SC redemption for cash prizes.
- 1x playthrough requirement for any bonus SC.
- Account details and ID must be verified.
- You must be over the age of 18.
- You must also be a US resident of one of the 44 accepted states.
The minimum SC requirement is straightforward – if you don’t have at least 20 SC you can’t make a redemption request. The 1x playthrough requirement is a little more complicated. Essentially, any Sweeps Coins that you didn’t get from playing games have a 1x playthrough requirement. This includes SC from the welcome bonus, Gold Coin packages, daily login bonus, and mail-in request.
For example, if I got 10 SC from bonuses and 10 SC from gameplay, making my total 20, I still wouldn’t be able to redeem them unless I used the bonus 10 SC 1x (essentially I played with 10 SC). This is why it’s important to use your SC carefully and consider things like game RTP and spin values to increase your chances of getting prizes.
ID verification is also a MUST before redemptions are available – this is just part of the compliance process with US sweepstakes regulations. You’ll have to upload a valid government-issued ID such as your passport or driver’s license, together with a proof of address, and a selfie to match your likeness with your document. The verification process took me around five minutes to complete and The Money Factory processed my submission straight away.
Lastly, you must be over 18 and NOT a resident of Washington, Idaho, Michigan, Montana, Louisiana, or Nevada. These 6 states do not allow sweepstakes casinos and thus it’s illegal to play from them.
![The Money Factory table games]()
Amazing Table Games to Play
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Amazing Bonus Offer up for Grabs
How to redeem on the Money Factory
With the T&Cs laid out we can look at The Money Factory redemption process and how it works. As with most sweepstakes casinos, The Money Factory only offers a limited number of payment methods. I’ve listed these together with the average redemption processing times in the below table:
| Payment method | Available for purchases | Available for redemptions | Processing time |
| Skrill | Yes | Yes | 48 hours |
| Bank Transfer | No | Yes | 2-14 business days |
So, how long does The Money Factory take to pay out? Between 48 hours to 14 business days depending on the method you use! The Money Factory instant bank transfer is the slowest option and I recommend avoiding this if possible – from experience I’ve found that it’s usually much longer than the minimum processing time of 2 days, whereas Skrill redemptions are much faster.
To make your redemption, you can complete the following steps:
- Open The Money Factory website.
- Click on the Login button.
- Enter your account details.
- Open your profile management section.
- Click on the redeem option.
- Choose cash prize redemptions.
- Enter the desired redemption amount.
- Confirm your or payment details for cash prizes.
- Finalize your The Money Factory payout.
I found that the actual website process is smooth and you shouldn’t have any difficulty submitting your redemption request. Just make sure that you have verified your account details and ID beforehand as this makes the process quicker.
In terms of industry comparisons, The Money Factory redemption process has some ups and downs. It is below average in terms of minimum cash prize redemptions as 100 SC is the higher end and some sites offer cash prize redemptions from as little as 50-75 SC. The processing times are OK, but most social casinos I’ve tested offer online transfer redemptions within 2-5 business days, so the 2-14 business days time frame is pretty slow.
How to get free SC at The Money Factory for redemptions
Gameplay is the main way you can get additional Sweeps Coins at The Money Factory but they also have a range of promotions with free SC:
| Promotion | Free SC |
| Welcome bonus | 15,000 GC and 3 SC |
| Daily login bonus | 1,000 GC and 0.20 SC |
| Mail-in request | 3 SC |
| Referral bonus | Up to 100,000 GC and 100 SC per referral |
| Social media contests | Varied |
You can claim the welcome bonus when you’ve created your The Money Factory account and verified your details. After that, I advise spending a couple of minutes logging in every day to claim your daily reload bonus. If you login successfully for seven days you get 7,000 GC and 1.4 SC and this can soon add up over the weeks.
The referral bonus has three reward tiers depending on the Gold Coin packages your friends purchase. First, you get 5,000 GC and 5 SC if they purchase $20 in GC, second, you get 20,000 GC and 20 SC if they purchase $100 in GC, and the last tier is 75,000 GC and 75 SC if they make $1,200 in Gold Coin purchases. As far as I could see, there is no limit on the number of referrals either.
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The Money Factory payout pros and cons
I want you to see how
The Money Factory promo codes
and SC redemptions process compare to other sweepstakes casinos so I’ve given a pros and cons summary below:
Pros & Cons
- Simple redemption process
- Various ways to get free SC
- A strong selection of games to get more SC prizes
- Potentially slow redemption processing for cash prizes
The SC redemption process at The Money Factory allows for smooth cash prize rewards
From my testing, The Money Factory cashout process is smooth and one of the better processes I’ve used from US sweepstakes casinos. I like that cash prize redemptions are available using Skrill or Bank Transfer. I recommend sticking with Skrill if you can – the 48 hour processing time is excellent, whereas Bank Transfer redemptions can take up to 14 days.
Just remember that any bonus SC you have must be used 1x first to meet the playthrough requirement, and that you must verify your ID before redemptions are available. Regardless, The Money Factory has a superb variety of free SC promotions, and 1,000+ games that you can enjoy, so why not give it a try today and work towards your first SC redemption?
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The Money Factory payout FAQs
💰 What is the minimum needed for a The Money Factory redemption?
100 SC for cash prizes. Redemptions are not available unless you have these minimum amounts. Also, bonus SC i.e. SC you DIDN’T get from playing games, have a 1x playthrough requirement before they are available for redemptions.
🎁 How can you get free SC at The Money Factory?
You can get free SC in various ways including the welcome bonus (3 SC), daily login bonus (0.20 SC), mail-in request (3 SC), and referral scheme (up to 100 SC per referral). The Money Factory is also active on social media and hosts frequent giveaways and contests.
💵 Can you get cash prizes at The Money Factory?
Yes, although not directly. Sweeps Coins are the premium virtual currency at The Money Factory and can be redeemed for cash prizes. You must have a minimum balance of 100 SC for cash prize redemptions. Any bonus SC you get via things like the daily login bonus have a 1x playthrough requirement attached.
🎯 Is The Money Factory a legitimate sweepstakes casino?
Of course! The Money Factory is legally available to US customers over 18 who are NOT residents of Idaho, Michigan, Montana, Louisiana, Nevada, or Washington. It follows US sweepstakes regulations by offering free play games and allowing users to get coins with no purchase necessary.
