Especially as a new player, but even if you’ve played at sweepstakes casino before, it’s normal to wonder about The Money Factory cashout. But the thing is, TMF does not pay out in terms of real money.
Don’t be disappointed though. The fact that this sweepstakes gaming site doesn’t offer real money options and only allows you to play with virtual currencies is far from a negative. On the contrary, you can redeem one of those, namely Sweeps Coins, for real money prizes, subject to a few T&Cs of course.
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The Money Factory Highlights
- 100% free-to-play social casino
- Thousands of casino-style games
- Ongoing bonuses and special offers
Understanding the redemption process at The Money Factory
The first thing to remember is that The Money Factory is a sweepstakes casino. So, there is no option to get a The Money Factory cashout. Instead, you exchange Sweeps Coins winnings for real money prizes. And that leads us to the two types of coins you’ll find at TMF and any other sweepstakes casino. Here’s how they work:
1. Gold Coins (GCs)
With
The Money Factory Gold Coins, you can enjoy gaming sessions on the platform. But that’s all you can use them for — playing games. They have no monetary value, so they won’t be your focus if you intend to get actual prizes from the brand. You can always purchase them, but buying GC packages is optional.
2. Sweeps Coins (SCs)
You also use Sweeps Coins to play games. But they come with an extra advantage — the opportunity to get real money prizes. Keep in mind that you cannot buy these, but you often get them as bonuses for GC purchases.
How to get Sweeps Coins for redemptions
We already mentioned that you might get SCs when you buy GCs. However, there are many other ways to bag these virtual currencies from the sweepstakes casino. We’ve provided an overview in the table below:
| Welcome bonus | 15,000 Gold Coins + 3 Sweeps Coins |
| Daily login bonus | 1,000 GC + 0.2 SC |
| Mail-in bonus | 3 SC |
| Referral bonus | 100,000 GC + 100 SC |
You receive the welcome offer after creating an account at the sweepstakes casino. In fact,
The Money Factory no deposit bonus
is the first package you get as a new player on the gaming site. This offer is 15,000 Gold Coins and 3 Sweeps Coins and you don’t need a unique bonus code to activate it.
Logging in every day gets you 1,000 GC and 0.2 SC. I advise taking full advantage of
The Money Factory Daily Reload
by ensuring you access your account at least once every 24 hours. This way, you can stack up to 1.4 SCs every week.
Besides the standard packages you receive from the site, you can always request more SCs. To do this, you send a handwritten letter to the brand’s physical address according to the terms and conditions in the sweepstakes rules. This gets you 3 SC, but you must note that it might take weeks for the operator to receive and approve your request.
You get a bonus for referring players to the sweepstakes casino. Doing this is easy, as you only have to share your unique referral link and hope your friends sign up using it. You get your freebie when your referral purchases Gold Coins.
⏳ Limited-time Promotions
If you’re looking for
The Money Factory free spins, keep an eye on the promotions page. That’s because the operator often provides special offers that run for a specific time frame. You will also find Sweeps Coins that you can claim.
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Terms and conditions to note before redeeming SCs
The bonuses you get don’t have terms and conditions you need to worry about. However, you must consider a few things before you can make The Money Factory payout. I’ve covered the most important terms and conditions below:
- Playthrough requirements:
This is the number of times you must play through your Sweeps Coins before they are redeemable. For The Money Factory, it’s 1x.
- Minimum limit:
This is the least number of SCs you can redeem. For The Money Factory, you need a minimum of 100 SCs, equivalent to $100.
- Maximum limit:
This is the highest number of SCs you can exchange during a specific time frame. It’s $10,000 daily and $100,000 monthly.
Verifying your account before The Money Factory redemption
Verification is a compulsory process you must go through at every legitimate sweepstakes casino. You don’t have to complete it immediately after signing up, but you will eventually, if you decide to purchase, or in this case, make a The Money Factory cashout.
I know verification might sound tedious, but it’s quite straightforward. Basically, you only have to navigate to your profile section, tap the verification icon, and submit copies of documents that prove your identity and show your address.
For the former, you need documents like a government-issued ID card or a driver’s license. Meanwhile, the latter should be a utility bill that clearly displays your address. After submitting these documents, the sweepstakes casino will take a few hours to review and confirm your details.
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How to redeem Sweeps Coins at The Money Factory
Learning how to redeem SC on The Money Factory is easy. Once you’ve met the necessary terms and conditions, you just have to locate the redemption page and follow the onscreen instructions.
Like I said, this won't technically be a The Money Factory cashout process; it’s more an exchange — you get real money prizes for Sweeps Coins. On that note, here’s a step-by-step process for redeeming these virtual currencies:
Log into your account. If you don’t have one, you start by registering, gathering Sweeps Coins, and playing through them.
- Navigate to your profile section.
- Click the redemption icon and select a payment method.
- Enter the number of Sweeps Coins you want to exchange.
- Provide your payment details and submit your request.
Payment methods you can use for The Money Factory redemptions
When it comes to Gold Coin purchases, you have a lot of payment options to choose from. But, the options are fewer for redemptions. In fact, you can only pick from Skrill and bank transfers. Skrill is the payment option to settle for if you're after prompt transactions. That's because you only have to wait for 24 to 48 hours for the gaming site to approve your request and credit you accordingly.
Bank transfer is a more common option among players. That’s because most players have a bank account that they can easily provide to get their cash prizes. The only downside is that it takes between 2 and 14 days for you to receive your reward. Another excellent alternative is gift cards. Like Skrill, you only have to wait up to 48 hours to receive gift cards.
How to speed up the redemption process at The Money Factory
Exchanging SC at The Money Factory is easy, but if you want to speed up the process and prevent delays, follow these tips:
- Verify your account early: I know that you don’t have to complete verification immediately after registration. Still, I recommend dealing with this once you’ve completed the initial signup process. That's because verification can take time and it’s best to complete it before your redemption. This way, you avoid long redemption processes.
- Submit clear copies of documents: Before submitting the necessary documents for redemption, ensure the copies are clear. If they are not, the operator will request you submit them again, which can delay the process. You can avoid such delays simply by taking clear pictures of all documents.
- Meet all requirements before making a request: I have already broken down the terms and conditions you have to meet before you can make a request. If you don’t satisfy them, it’s impossible to exchange Sweeps Coins. So, ensure you’ve met these requirements before visiting the redemption page and making a request.
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Pros and cons of The Money Factory payout
Redeeming SC at the sweepstakes casino is one of the most exciting parts of your overall experience. But you should note the downsides of the process. On that note, below are the pros and cons of The Money Factory cashout:
Pros & Cons
- Easy redemption process
- Possible to get gift cards
- Low playthrough requirement
- Long redemption time
- Limited payment methods
Final thoughts on The Money Factory cashout process
One of the best parts about playing at a sweepstakes casino is that you have a chance to get real money prizes or gift cards even if you’re playing for free. You only have to check all the right boxes by meeting the playthrough requirements and having at least the minimum amount of Sweeps Coins. Once you do, redemptions become easy.
The Money Factory doesn’t have a lot of payment methods you can use to get your prizes, but the available ones are reliable and safe. So once you’ve met the playthrough requirement, navigate to the redemption page and make your request.
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The Money Factory Cashout FAQs
🏭 Does The Money Factory pay out?
No, The Money Factory doesn’t actually pay out. That’s because it’s a sweepstakes casino, and such sites don’t support deposits and withdrawals. Instead of cashing out as you would at a regular online casino, you redeem Sweepstakes Coins for cash prizes.
⏰ How long does The Money Factory take to pay out?
The time it takes for you to receive your reward depends on your selected payment method. If you pick Skrill or prefer gift cards, you only have to wait up to 48 hours. Meanwhile, bank transfers take longer to process, usually between 2 to 14 banking days.
💳 How do I make The Money Factory withdrawal?
You can’t make a withdrawal at The Money Factory, considering the site doesn’t pay out like regular online casinos. But you can redeem Sweeps Coins, and doing this is easy. You only have to visit your profile section and navigate to the redemption page, where you can follow the onscreen instructions to make a request.
📱 Can I make a The Money Factory cashout on my mobile device?
Yes, you can make The Money Factory redemption on your mobile device. That’s because the sweepstakes casino works seamlessly on smartphones and tablets. Redeeming SCs on mobile devices follows the same process as what’s available on computers.
📜 Are there terms and conditions for redeeming SCs at The Money Factory?
Yes, there are terms and conditions to redeeming SCs at The Money Factory. First is the playthrough requirement; you must play through your Sweepstakes Coins at least once. You also need to have at least 100 SCs before you can make a request.
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