Two accepted purchase methods
Chanced accepts Credit/Debit Cards (Visa, Mastercard) and Bank Transfer for Gold Coins pack purchases. The two-method menu is narrower than Crown Coins (8 methods), Pulsz (8 methods), High 5 (7 methods), and LuckyLand (5 methods). It is the most narrow payment menu in the major sweepstakes category we have reviewed.
| Method | Use case | Speed |
|---|---|---|
| Credit/Debit Cards (Visa, MC) | GC pack purchase | Instant |
| Bank Transfer | GC pack purchase | 1-3 business days |
No Apple Pay, no Google Pay, no Amex, no PayPal, no e-wallets (Skrill, Trustly), no Paysafecard.
Redemption methods
Bank transfer is the documented redemption method. The exact cash redemption threshold for Sweeps Coins is not clearly documented on the public-facing page. Verify at chanced.com/terms or call +1 (855) 587-2839.
Bank transfer mechanics
Standard sweepstakes redemption flow: player initiates request → platform validates KYC and SC balance → manual review → ACH bank transfer to verified bank account → funds settle in 3-10 business days.
KYC verification
- Government photo ID (DOB confirming age)
- Proof of address (utility bill or bank statement within 90 days)
- SSN for tax reporting on redemptions above $600
Verification typically clears in 24-72 hours. Our test cleared in approximately 36 hours.
IRS Form 1099-MISC at $600 aggregate
US sweepstakes winnings over $600 in aggregate during a calendar year trigger IRS Form 1099-MISC per Publication 525. Sent to the player by January 31 of the following year.
State restrictions
The 9 restricted states (Idaho, Michigan, Nevada, Kentucky, Washington, Montana, West Virginia, Delaware, Connecticut) block account creation. Players cannot purchase GC packs or redeem SC.
Chanced' payments vs main competitors
| Method | Chanced | Crown Coins | Pulsz | High 5 | Stake.us |
|---|---|---|---|---|---|
| Visa/MC | Yes | Yes | Yes | Yes | No |
| Amex | No | Yes | Yes | Yes | No |
| PayPal | No | No | No | Yes | No |
| Apple Pay | No | Yes | Yes | Verify | No |
| Google Pay | No | Verify | Yes | Verify | No |
| Skrill | No | Yes | Yes | Yes | No |
| Trustly | No | No | Yes | Yes | No |
| Bank Transfer | Yes | Yes | Yes | Yes | No |
| Cryptocurrency | No | No | No | No | Yes |
The unambiguous gap: Chanced has the narrowest payment menu in the major category.
Troubleshooting
Card declined. Bank fraud detection flagging sweepstakes-category merchant. Call the bank or try a different card. Bank Transfer slow. Standard ACH takes 1-3 business days. Plan ahead. Cash redemption stuck. Check KYC status on dashboard or call +1 (855) 587-2839.
FAQ
What payment methods does Chanced accept? Credit/Debit Cards (Visa, Mastercard) and Bank Transfer. Two methods total.
Does Chanced accept Apple Pay or PayPal? No. Neither method is on the published payment menu.
What is the minimum cash redemption? Not clearly documented. Verify at chanced.com/terms or call the phone hotline.
Does Chanced report winnings to the IRS? Yes. Above $600 aggregate per calendar year triggers 1099-MISC.
About this payments guide
Written May 2026 by Louis Rhoades. Purchase flow tested via Visa card transaction. KYC completed with US driver’s license and utility bill. For the full Chanced review, see Chanced Casino review. For the bonus mechanics, see Chanced bonus breakdown.