Banking
Your money and data belong to you — and we treat them that way. PrizePicks combines clear policies, easy-to-use payment options, and industry-standard security to make deposits and withdrawals predictable and safe. Whether you prefer cards, bank transfers, or crypto, this page explains what to expect so you can focus on building lineups and enjoying the platform.
All the ways to move money — cards, bank, crypto, and more
PrizePicks supports a broad mix of payment methods to suit different players and regions. Common options include Visa and American Express for card payments, bank wire transfers and Money Transfer services, and a wide selection of cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Tether (USDT). Other supported channels include Zelle, UnionPay, NetSpend, Rapid Transfer, courier cheque, MyPayLinQ, Pay by Voucher, and more. Currencies accepted include USD and major crypto coins.
Availability can vary by state and country; certain methods appear only in specific regions. If you don’t see a preferred method in your account, reach out to chat or email support@prizepicks.com for alternatives.
Processing times, limits, and fees — clear expectations
Deposit times and withdrawal timeframes
- Most card and crypto deposits post instantly, letting you enter contests right away.
- Bank wires and money transfers typically take 1–5 business days to clear.
- Withdrawals to crypto or certain e-wallets often process within hours; ACH and bank withdrawals commonly take 2–7 business days depending on your bank and verification status.
Minimum and maximum transaction limits
- Minimum deposits may be as low as $5 for qualifying promos; higher minimums can apply by method or region.
- Maximum deposits and withdrawals depend on the payment method, your account verification level, and local rules. For large transfers, bank wire or certified methods are recommended.
Fees and third-party costs
- Many deposits and withdrawals are processed without a PrizePicks service fee, but third-party fees can apply (card issuer, bank, or crypto network fees). If a fee is expected, you’ll be notified before confirming a transaction.
Rock-solid security explained in plain language
We protect your funds without drowning you in jargon. PrizePicks uses SSL/TLS encryption so data traveling between your browser and our servers is unreadable to outsiders. Our payment systems run on secure servers with firewalls and routine monitoring to detect suspicious activity. Account verification (identity checks) helps prevent fraud and keeps payouts safe. Where available, multi-factor verification adds an extra layer of protection.
If you ever see an unfamiliar activity on your account, contact chat or email support@prizepicks.com immediately so the team can act quickly.
Banking that moves with you — mobile and desktop friendly
Depositing and withdrawing is built for both phones and desktops. The process is straightforward:
- Open the account menu, select “Deposit” or “Withdraw.”
- Choose your preferred method, enter the amount and any required details, and confirm.
- You’ll get a confirmation screen and a receipt via email for record-keeping.
The interface remembers verified methods to speed up future transactions, and in-app prompts will guide you if extra verification is needed.
Build confidence: service, responsible play, and clarity
PrizePicks backs its banking with live chat, a searchable FAQ, and email support at support@prizepicks.com to resolve issues quickly. Promotional credits are typically issued as lineup or bonus balances and follow the platform’s bonus policies — unused bonuses generally expire after 90 days. If you have questions about a promo tied to your deposit or need help with a payout, customer support will walk you through options.
PrizePicks operates where real-money contests are permitted and applies verification and fraud-prevention processes consistent with industry norms to keep play fair and payouts dependable.
Quick Questions Players Ask — Short, clear answers
Here’s a brief intro to this FAQ section: these quick answers cover the most common banking questions at PrizePicks.
What payment methods can I use on PrizePicks?
PrizePicks accepts Visa and American Express, bank wire transfers, Zelle, NetSpend, Rapid Transfer, Pay by Voucher, courier cheque, and multiple cryptocurrencies (BTC, BCH, ETH, LTC, USDT), among other regional options. If you don’t see a method you expect, contact chat or email support@prizepicks.com.
Which currencies are supported?
USD and major cryptocurrencies listed above are supported. The currency options you see depend on your region and chosen method.
Are deposits instant?
Many card and crypto deposits are instant. Bank transfers and some money transfer methods may take 1–5 business days.
Will PrizePicks charge a fee to deposit or withdraw?
PrizePicks generally does not levy service fees on most methods, but third-party or network fees can apply. Any known fee will be shown before you confirm a transaction.
How are bonuses credited and do they expire?
Bonuses are typically credited as lineup or bonus balances. Unused bonuses usually expire after 90 days. Terms for each promotion can vary.
How do I contact support about a banking issue?
Use the in-app chat for the fastest response or email support@prizepicks.com. Keep transaction IDs or screenshots handy to speed resolution.
How-To: Clear, step-style guidance for common actions
A brief intro: follow these simple actions to complete common banking tasks on PrizePicks.
- Step 1Open your account and select “Deposit.”
- Step 2Choose “Card” and enter card details (number, expiry, CVV) plus the deposit amount.
- Step 3Confirm the transaction. Most card deposits post instantly.
- Step 4If prompted, complete any identity or card verification to unlock higher limits.
- Step 1Select “Deposit” and pick the cryptocurrency you want to send.
- Step 2Copy the provided wallet address or scan the QR code shown.
- Step 3Send the exact crypto amount from your wallet; allow network confirmations.
- Step 4Once the network confirms, your balance updates; confirmation times vary by coin.
- Step 1Choose “Withdraw” in your account.
- Step 2Select bank transfer (ACH or wire) and enter bank routing/account details or choose a saved bank method.
- Step 3Submit the withdrawal and any required ID documents if requested.
- Step 4Withdrawals complete after processing and bank posting — typically 2–7 business days.
- Step 1Double-check card/bank details and sufficient funds.
- Step 2Try a different method or clear and re-enter the information.
- Step 3If the issue continues, contact your bank or payment provider — sometimes they block transactions for security.
- Step 4If you still need help, reach chat or support@prizepicks.com with transaction references.
- Step 1Open account settings and go to “Payment Methods.”
- Step 2Add new details or edit existing entries as prompted.
- Step 3Complete any verification (small test deposit or document upload) to enable full functionality.
- Step 4Remove old methods once your new method is confirmed.
Ready for secure deposits and reliable payouts?
Manage your funds with confidence: choose the method that fits your needs, verify your account to speed withdrawals, and contact chat or support@prizepicks.com for help anytime. For the full rundown of banking options and policies, visit /banking and make safe, informed moves on your account.