Approved rewards are credited to your wallet on the Payouts page as payout credits: 1 payout credit = $1.
From the wallet you can:
Withdraw to your Rise account (from $500, $40 fee) or in crypto/USDC (any amount, 3% fee).
Buy a new challenge with New challenge. At checkout your payout credits are applied automatically and each one is worth $1.10, so you save 10%.
Example: a $1,000 reward lands as 1,000 payout credits. A challenge priced at $569 costs you about 517 credits ($569 ÷ $1.10), and about 483 credits stay in your wallet.
The wallet also shows how many of your credits can be withdrawn right now. Credits given as promotions or compensation may be usable for challenges only.
Credits (shown next to the wallet) are a different balance: they can only be used to open Elite Packs, not for challenges or withdrawals.