Betzy ยท betzy.fun

Policies for Withdrawal

Official Cashout, Redemption & Compliance Policy

Contact: support@betzy.fun

This document supplements the Sweepstakes Redemption Rules and the Betzy Terms of Service. In the event of a conflict, the Sweepstakes Redemption Rules control on matters of SC prize mechanics.

1. Eligibility & Account Verification (KYC)

To be eligible to withdraw (redeem) prizes on the Betzy Platform, you must satisfy all of the following requirements:

  • Be at least 18 years of age (or 21 years of age where required by applicable law).
  • Be a legal resident of a U.S. state that is not restricted for redemption. Residents of Washington (WA), Idaho (ID), Nevada (NV), and Michigan (MI โ€” redemption only) are not eligible to redeem SC prizes.
  • Be the registered account holder โ€” you may only redeem prizes to accounts and payment methods that are verified in your own name. Third-party withdrawals are not permitted.
  • Have completed full Know Your Customer (KYC) verification, including government-issued photo ID and liveness check.
  • Have a verified OFAC-compliant account with no active sanctions flags.
  • Have provided a valid SSN or ITIN via Form W-9 (or applicable W-8 for non-U.S. tax residents) prior to or at the time of first redemption.

2. Betzy Coins (BC) Rules

Betzy uses two virtual currencies:

  • Gold Coins (GC): entertainment credits only. GC have no monetary value and are not redeemable for cash or prizes. GC won in games or received via promotions cannot be cashed out.
  • Sweeps Coins (SC) / Betzy Coins (BC): promotional entries with a prize value of $1.00 USD each when Redeemable. Only BC/SC that have met the 1ร— wagering requirement are eligible for redemption.
  • Only BC won through actual gameplay (wagering) are redeemable. BC received but never wagered (Unplayed BC) must be played through at least once before becoming Redeemable.
  • Bonus BC received through daily logins, promotions, or sign-up bonuses are subject to the bonus-derived redemption limits described in the Sweepstakes Redemption Rules (Section 7).

3. Minimum Withdrawal & Cashout Requirements

The minimum withdrawal amounts depend on your account's purchase history:

Account Purchase HistoryMinimum Redemption Amount
No purchases ever made (zero lifetime deposits)20 BC (subject to bonus-derived caps in Redemption Rules ยง 7)
Lifetime purchases under $25$50.00 (50 BC) minimum per request
Lifetime purchases of $25 or more50 BC base minimum

All redemptions are subject to the standard 50 BC minimum unless an exception applies under the Sweepstakes Redemption Rules (e.g., the baseline bonus-only cap of 20 SC for accounts with no prior purchase history).

4. Maximum Cashout & Redemption Limits

4.1 By Deposit History

Deposit HistoryMaximum Redemption Cap
No deposits ever madeMaximum $25.00 (25 BC) total โ€” one-time, lifetime
Lifetime deposits under $2010ร— the lifetime deposit amount
Lifetime deposits of $20 or moreNo hard cap (subject to VIP Tier Daily Limits)

4.2 Standard Daily & Per-Request Limits

  • Per-request maximum: determined by VIP Tier (see Sweepstakes Redemption Rules Section 6)
  • Daily maximum for standard accounts: $2,500
  • Daily maximum for new players (account age less than 30 days): $300
  • Florida accounts: maximum $5,000 per redemption request
  • Absolute maximum (all accounts, all tiers): 10,000 BC per rolling 24-hour window

4.3 Standard Per-Request Limit

The standard maximum per individual redemption request is $3,000 (3,000 BC), subject to your VIP Tier Daily Limit and account-level caps described above.

5. Betting Limits & Account Compliance

5.1 Wager Limits by Purchase History

Betzy may apply wager limits based on your account's purchase history to maintain responsible play and platform integrity:

Purchase HistoryMaximum Per-Game Wager
Lifetime purchases under $500 (500 BC)Maximum 100 BC per individual game round
Lifetime purchases of $500 or moreStandard VIP Tier wager limits apply

5.2 Account Soft Ban

If your account is found to be in violation of Betzy's Terms of Service, these withdrawal policies, or the Sweepstakes Redemption Rules โ€” including but not limited to exceeding wager limits, operating multiple accounts, or bonus abuse โ€” Betzy may apply a "Soft Ban" to the account, which may restrict gameplay, purchases, or redemptions pending investigation. You will be notified of a Soft Ban by email and may contact support@betzy.fun to inquire about the reason.

6. Processing Times & Redemption Methods

6.1 How to Request a Redemption

To submit a redemption request:

  • Log in to your Betzy account.
  • Navigate to Account โ†’ Redeem / Cashout.
  • Select your preferred redemption method.
  • Enter the amount you wish to redeem (must meet minimum thresholds).
  • Upload any required documentation if prompted (identity or source-of-funds documents).
  • Review and submit your request.

6.2 Processing Time Targets

Redemption MethodTarget Processing Time
CryptocurrencyFastest โ€” typically within 2โ€“8 hours after compliance review
ACH Bank Transfer8 hours for Betzy processing + 1โ€“3 additional business days for bank settlement
E-Wallet / Digital Wallet8 hours target; typically same business day
Gift Card8 hours target; delivery by email
Debit/Credit Card Return1โ€“3 additional business days after Betzy processing

Betzy targets processing all redemption requests within 8 hours of submission. Requests subject to compliance review, AML holds, or document requests may take up to 5 business days. You will be notified by email if your request is under review or if additional information is required.

7. Delays, Denials, Legal Finality & No Refund Policy

7.1 Reasons a Redemption May Be Delayed or Denied

  • Incomplete or failed KYC/AML verification.
  • Outstanding source-of-funds documentation request.
  • Active compliance hold or account investigation.
  • Redemption request exceeds applicable limits.
  • Suspected fraud, bonus abuse, or violation of Terms of Service.
  • Payment method mismatch (redemption method not matching verified identity).
  • Technical error โ€” Betzy will notify you and process as soon as resolved.

7.2 Finality of Decisions

Betzy's redemption decisions are final following internal review. If your redemption is denied and you believe the denial was made in error, you may appeal by contacting support@betzy.fun with supporting documentation within 30 days of the denial notice.

7.3 No Refund Policy for Gold Coin Purchases

Gold Coin purchases are final and non-refundable once completed, except where required by applicable consumer-protection law. Gold Coins are virtual entertainment credits with no cash value; they are not exchangeable for real money and cannot be "refunded." If you believe you were charged in error, contact support@betzy.fun within 14 days of the transaction.

7.4 Legal Notice

By submitting a redemption request, you represent and warrant that you are the rightful owner of the account, that all information provided is accurate, that the BC being redeemed were earned in compliance with Betzy's Terms of Service and these Policies, and that you are legally entitled to receive the prize in your jurisdiction. Betzy reserves all legal rights, including the right to pursue recovery of prizes paid in error or in violation of these Policies.

Withdrawal Support

Betzy

Email: support@betzy.fun

Compliance: compliance@betzy.fun

1603 Capitol Avenue, Suite 413J PMB 2183

Cheyenne, WY 82001