If you’re anything like me when it comes to looking for a place to play online, then you probably don’t want to waste time messing around with withdrawing funds. Luckily the PrizePicks withdrawal system is as good as it gets.
So, keep reading and I’ll run you through all that you’ll need to know about the withdrawal process at PrizePicks. This includes the available payment options, as well as the processing times, withdrawal limits, and the terms of withdrawal. I’ll also let you know how you can claim PrizePicks’ 100% match of your first deposit bonus for new customers.
As discussed in the PrizePicks review, this operator is one of the leading DFS sites out there at the moment, it should come as no surprise that their payment options are among the most reputable and safe available, which is something I also found when I looked into the Underdog Fantasy withdrawal process.
Here’s a list of all the approved payment options you’ll find at PrizePicks:
| Payment Method | Deposit | Withdrawal | Deposit Speed | Withdrawal Speed | Fees | Geographic Restriction |
|---|---|---|---|---|---|---|
| PayPal | ✔️ | ✔️ | Instant | Instant | No | No |
| Instant Bank Transfer | ✔️ | ✔️ | Instant | 1-3 days | No | No |
| Visa Debit | ✔️ | ✔️ | Instant | Intant | No | No |
| Apple Pay | ✔️ | ❌ | Instant | N/A | N/A | No |
| Discover Card | ✔️ | ❌ | Instant | N/A | N/A | No |
| Mastercard | ✔️ | ❌ | Instant | Instant | N/A | Only eligible in these states: AL, AZ, CO, IN, VT, VA |
| Venmo | ✔️ | ✔️ | Instant | Instant | N/A | No |
| American Express | ✔️ | ❌ | Instant | N/A | N/A | No |
When I look to determine if an online platform has a good withdrawal process, I look for two main things. First, I want to know that it is safe, and second, I want it to be easy. I think that PrizePicks ticks both of those boxes.
Follow the instructions below to make your withdrawal.
There are some pros and cons to weigh up when it comes to withdrawals at PrizePicks. As with all operators, there are things PrizePicks does well and a few things I think could be improved upon. Here's a list of the pros and cons I noticed:
Everyone wants their withdrawal times to be quick, and PrizePicks is the best at this. For your first few withdrawals, you will need to wait 6-12 hours while a qualified security specialist reviews the request for security reasons. After these first withdrawals, the process is instant for PayPal, Visa and Mastercard. Bank transfer will still take 1-3 days if you select that option.
Here’s a table that shows all of the information for the different payment options that you may decide to use:
| Withdrawal Methods | Withdrawal Time | Fee | Minimum Withdrawal |
|---|---|---|---|
| PayPal | Instant | Free | $10 |
| Visa, MasterCard | Instant | Free | $10 |
| Bank Transfer | 1-3 banking days | Free (may be charged by your bank) | $10 |
The last thing I’ll let you know about in relation to withdrawal at PrizePicks is just a couple of rules that PrizePicks have for their customers.
The PrizePicks welcome bonus is something that you don’t want to miss. Just for registering an account, PrizePicks will grant you a 100% match of any first deposit that you make up to $100. You don’t have to worry about any PrizePicks promo code, just sign up, make sure that you live in one of the PrizePicks legal states and deposit an amount between $10 and $100 and the bonus funds will be automatically added to your account for you to play with.
When you claim the bonus, you'll need to play through your balance at least once in order to withdraw any winnings. The minimum deposit for this bonus is $10 and the offer is only available to new customers. For full details, read the bonus terms and conditions.
PrizePicks is one of the leading DFS sites, and the reasons for this are ongoing. Whether you are looking at the site's usability, the promos available, or their withdrawal process, it’s easy to see how they are at the head of the pack in the online gaming world. Be sure to have another look at all of the information that I have explained here, so that you can ensure that your next withdrawal with PrizePicks is as smooth as possible.
If you’ve met all the conditions that PrizePicks have set out in regards to withdrawals, then your withdrawal should be immediate. Your first few withdrawals will have a processing time between 6-12 hours by a qualified security specialist reviewing the request, but after that your withdrawals will be instantaneous.
At PrizePicks you are only able to make one withdrawal every 24 hours.
The minimum withdrawal amount for all of the different payment options is $10.
There are a few reasons your withdrawal could have been rejected. A common reason is that you requested a withdrawal method that is different to your deposit method. Another possibility is that further ID verification is needed. It's best to contact customer support if this happen.
You can't directly withdraw bonus funds, however, if you meet the 1x playthrough requirement, you can withdraw any funds you have from winnings.
It's essential to verify your account if you want to use it fully. If your account isn't verified, you won't be able to make any deposits or withdrawals.
If your PayPal account isn't verified, you won't be able to use it to make withdrawals.
If your card withdrawal fails, it's likely to be either that you didn't use your card to make a deposit, so it's not eligible for a withdrawal, or you've input the detail incorrectly. Double check you've got the details right and it's the same card you made a deposit with. If everything lines up, then it's best to reach out to the customer support team.
