How Redemptions Work on Pickem
Pickem offers three redemption methods: Card, Bank Transfer, and Pickem USD Wallet. Below is a quick breakdown of what to expect for speed, fees, and processing.
1) Redeem to Card (Fastest)
Best for: Instant access to your funds.
Push-to-Card is the fastest option.
Typical delivery: Instant (in most cases).
You can redeem directly to your debit card.
Pickem supports Visa and Mastercard.
You can also use push to Apple Pay to complete your redemption (coming soon).
2) Redeem to Bank Account
Best for: Traditional bank payouts, with flexible speed options.
Pickem offers three bank speeds. Generally, faster = higher fee:
Bank Speed Options
Fastest
Fastest bank option (typically within 1 hour)
Same Day
Timing can vary depending on your bank's processing times and holidays
Standard (1–3 Business Days)
Standard bank processing
Lowest fee
Timing can vary depending on your bank's processing times and holidays
3) Redeem to Pickem USD Wallet
Best for: Instantly funding your Pickem USD Wallet to rip Packs.
If you're eligible, have a sufficient balance, and your account is verified, you can instantly redeem Sweepstakes Coins (SC) to your Pickem USD Wallet (Cash).
Typical delivery: Instant.
Sweepstakes Coins (SC) redeemed to your Pickem USD Wallet are redeemable.
Security checks
All redemptions go through a security review.
If a redemption triggers a security flag, Pickem may pause the payout until it's verified.
Fees can vary
Redemption fees may vary depending on the method and speed selected, and other factors tied to the redemption request.