The guide below was created to educate readers about the different payment methods that Funzpoints Casino accepts. For those who are unacquainted with social casinos, these sites differ from the traditional online casino model in one essential aspect: they do not accept deposits or withdrawals into your casino account.
Instead, players purchase a set number of virtual coins in bundles. These bundles are packaged alongside a set number of “premium” coins. Therefore, each social casino has a bespoke in-house currency that does not hold real-world value.
In the case of Funzpoints, Funzpoints are the free currency, and Premium Funzpoints are the top tier. The latter does allow you to play for real-world prizes, including payouts directly into your bank account. Because Funzpoints operates on a sweepstakes model, the service is available in 48 states, with Washington and Idaho being the only holdouts.
Editor’s note: You can’t make deposits and withdrawals at Funzpoints Casino because it’s a Sweepstakes Casino. Please note that the deposit and withdrawal options on this page refer to purchase packages and prize redemptions, but you can play no purchase necessary.
What Are the Best Funzpoints Deposit Methods?
There is no way to deposit money into a Funzpoints account directly, so there is no “best” method. There are, however, a couple of options available to those looking to make purchases of Funzpoints and Premium Funzpoints.
Funzpoints doesn’t have the number of purchase options as some competitors, but the Funzpoints platform is more streamlined than its competition, and by a fair margin. Funzpoints only accepts purchases with a major credit card, debit card, or via bank transfer. Let’s break down each option a bit more in-depth.
Visa
This is the most convenient method for purchasing at Funzpoints, with more than half the U.S. population using this form of payment.
- Minimum deposit: There is no minimum at Funzpoints for Visa purchases
- Transaction times: Purchases with a Visa card are processed instantly.
- Fees: There are no additional fees for Visa purchases
Mastercard
Mastercard users are second only to Visa, but both have access to Funzpoints. There is no real difference from Visa aside from personal preference.
- Minimum deposit: There is no minimum at Funzpoints for Mastercard purchases
- Transaction times: Purchases with a Mastercard card are processed instantly.
- Fees: There are no additional fees for Mastercard purchases
American Express
American Express is used less than Visa or Mastercard, but those who use it will appreciate its inclusion here. In contrast to Visa or Mastercard, AMEX is generally less widely accepted.
- Minimum deposit: There is no minimum at Funzpoints for AMEX purchases
- Transaction times: Purchases with an AMEX card are processed instantly.
- Fees: There are no additional fees for AMEX purchases
Bank Transfers
- Minimum deposit: There is no minimum at Funzpoints for bank transfers
- Transaction times: Bank transfers are processed instantly.
- Fees: There are no additional fees for bank purchases from Funzpoints. Check with your bank if they apply any fees for this transaction.
Fastest Deposit Methods at Funzpoints Casino
Because you purchase goods at Funzpoints instead of making a cash deposit, there is no delay in the transaction. This is the case for all purchase methods available at Funzpoints Casino.
When you click to make the purchase, the system handles it as if you were buying a T-shirt or movie tickets online; the goods are yours immediately after pressing the confirmation button. This is a desirable feature for Funzpoints as it prevents players from wasting time with bank documents, transfers, and deposits.
How to Make an Online Deposit at Funzpoints Casino
As we’ve discussed already, there are no deposit methods in the traditional sense available at Funzpoints Casino. There are, however, several options for making purchases at the sweepstakes casino. Players have the opportunity to purchase Funzpoints of varying quantities and, as a result, earn a set number of Premium Funzpoints.
We understand the process may seem unusual at first. But, once you realize it differs very little in many ways from traditional casino gambling, social gambling will be like second nature.
How Long Does Funzpoints Take to Deposit?
Much like making any type of purchase online, the process is instantaneous. Say, for example, you purchase a streaming movie online. That movie will be available to you as soon as the payment goes through.
The same is true for purchases at Funzpoints Social Casino. You will be at the slots or tables with no time wasted waiting for long, drawn-out deposit processes.
Is There a Funzpoints Deposit Limit?
There is no deposit limit at Funzpoints exactly, but Funzpoints bundles only go so high in price. The highest price bundle at Funzpoints costs $99.99 and awards players with 20,000 Funzpoints and 10,000 Premium Funzpoints.
On the flip side, the cheapest package available is $4.99 for 1,000 Funzpoints and 500 Premium Funzpoints. As an added bonus, all ads are removed after your first purchase, a trophy room is unlocked, and all games on the platform will be available to you.
Funzpoints Withdrawal Options
There are no deposits at Funzpoints Casino; therefore, no withdrawal options are available. This is because Funzpoints’ exclusive in-house currency has no value outside of the sweepstakes casino.
Casino chips may hold value outside the casino walls, but social casinos do not operate similarly. There are, however, options for those looking to redeem Premium Funzpoints for cash prizes.
This requires players to set up a personal bank account to accept these bank transfers. Each Premium Funzpoint is worth $0.01, and players need to have at least 2,000 ($20) to make transfers. The maximum is $2,000.
To do this, players must first click on the drop-down menu at the top right of the screen and select the red “Redeem” button. If this area is greyed out, it means you have insufficient funds or haven’t confirmed your identity yet. The redeem button takes you to a screen where you can choose to transfer all or some of your Premium Funzpoints into a Funz Wallet. These funds cannot be used to gamble but can be transferred to your bank account.
Fastest Withdrawal Methods at Funzpoints Casino
The fastest method is not applicable because there is no withdrawal process at Funzpoints. However, bank transfers for cash prizes can take up to seven days to complete.
How to Make an Online Withdrawal at Funzpoints Casino
There are no withdrawal methods available at Funzpoints Casino. But that doesn’t mean you cannot earn real money playing games there. To do so, you first must accumulate at least 2,000 Premium Funzpoints while playing in the Premium Casino. Once you have saved up or purchased enough Premium Funzpoints, navigate to the drop-down menu at the top right and find the “Redeem” button.
Once clicked, a screen will appear that shows you how many Premium Funzpoints you have and asks how many you want to transfer to your Funz Wallet. If you transferred at least 2,000 Premium Funzpoints, the option to transfer them to a bank account becomes available. You can also convert them back into Premium Funzpoints for later use in the casino. The minimum transfer is 2,000 coins (20$), while the maximum is 200,000 ($2,000).
How Long Does Funzpoints Take to Pay?
Funzpoints eliminates the need to wait for winnings as it offers no real money payouts. For those who choose to play the premium games with Premium Funzpoints, know that they can be converted to cash prizes and transferred to your bank account. The process on the website takes less than a minute, but the bank may take up to 7 days to complete things on its end.
Are Funzpoints Winnings Taxable?
Yes. While gameplay on Funzpoints is done with valueless virtual currencies, it is still possible to win cash prizes. Thus, cash prizes won from the site are required to be reported for tax purposes.
When it comes to Funzpoints and Premium Funzpoints, however, no tax reporting is necessary. These virtual currencies have no inherent value and are free from any taxation.