PayNearMe Launches MoneyLine To Simplify Payment Experiences for Gamers
gamesremove_red_eye 59

PayNearMe Launches MoneyLine To Simplify Payment Experiences for Gamers

PayNearMe Launches MoneyLine To Simplify Payment Experiences for Gamers

PayNearMe, a mobile cash payments platform, has launched MoneyLine, a new platform designed to manage the complexities of iGaming money movement.

MoneyLine was launched at the Global Gaming Expo in Las Vegas. PlayLive!, the online casino affiliated with Live! Casinos & Hotels in Philadelphia and Pittsburgh, have already started using the platform. MoneyLine is meant to simplify deposit and payout experiences for PlayLive’s online players.

Joe Billhimer, Executive Vice President of Cordish Gaming Group, a division of The Cordish Companies, which owns and operates Live! Casinos & Hotels and PlayLive.com, said managing deposits and payouts is a complex process that requires technology designed specifically for the iGaming industry.

“... so we’re pleased to partner with a fintech company that specializes in both payments and games. We were looking for an all-in-one solution and found that PayNearMe’s MoneyLine gives us the flexibility and agility we need, along with the widest range of payment types, all on a single platform,” said Billhimer.

 

How the platform works

The MoneyLine platform leverages PayNearMe’s technology, innovation and deep expertise in the gaming industry to improve the entire iGaming payment experience, reduce operator costs, and boost player satisfaction. The solution streamlines deposit flows, accelerates payouts, and delivers insights that enable operators to optimize workflows for improved customer acquisition, conversion and retention.

A prepared statement said MoneyLine delivers a best-in-class iGaming payment experience to increase player satisfaction, reduce costs and increase revenue. 

The platform offers a cashiering solution which seeks to make the process of cashiering less disjointed and easier to navigate. MoneyLine offers elegant, intelligent cashiering that drives a seamless customer journey as it relates to deposits and payouts. 

MoneyLine provides players with a wide range of deposit choices, including cards, cash, ACH and popular mobile deposit options. The new solution enables operators to give players the ability to make one-tap deposits from text, email or push notifications utilizing PayNearMe’s SmartLink technology. 

It also offers faster payouts, as slow payouts and lack of withdrawal options can negatively impact player satisfaction. MoneyLine gives players near real-time access to funds across the payment types and channels they want most. MoneyLine’s push-to-debit technology allows players to receive payout funds on their debit card within minutes as opposed to traditional methods.

 

Reducing friction

“Deposits and payouts are the most crucial touchpoints operators have with their players. When there is friction at these touchpoints, players drop off and operators lose revenue. MoneyLine removes the friction, enabling operators to give players what they want — easy, fast deposit and payout experiences,” said Michael Kaplan, Chief Revenue Officer and General Manager of PayNearMe.

In addition, it offers “Cash at Cage.” Today, many land-based casino and online gaming experiences are managed from different systems, resulting in a clunky process for players and operators. MoneyLine allows players to deposit and withdraw cash from their online accounts simply and easily while onsite at brick-and-mortar facilities, the statement said.

 

Expansion

PayNearMe is approved to operate iGaming transactions in 15 states. PayNearMe continually works with regulators to expand its gaming footprint as new states legalize iGaming. Most recently, Michigan, Arizona, Mississippi and Wyoming have approved PayNearMe to process iGaming payments.

Also, at the Global Gaming Expo, PayNearMe also announced a strategic partnership with IGT that will give IGT’s PlaySports customers the option to offer PayNearMe’s deposit and payout solution to their players.

PayNearMe is presently working with five operators in Arizona: William Hill, Twin Spires, Barstool Sports, Unibet and FanDuel. It expects to launch with additional operators in the coming months.


Recommended for you

subscribe banner

One email, once a week

Get new bonus codes, player tips & alerts about hot new online casinos.