PayNearMe launches the iGaming MoneyLine tool

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The PayNearMe mobile cash payment platform has launched a new platform to help “manage the complexities of moving money iGaming”.

MoneyLine, which was announced on Monday, October 4 at the Global Gaming Expo in Las Vegas, is already in use by PlayLive !, the online casino affiliated with Live! Casinos & Hotels in Philadelphia and Pittsburgh, the company said in a press release, providing an easier deposit / payout experience for online players in Pennsylvania.

“Managing deposits and payments is a complex process and requires technology designed specifically for our industry. We are therefore delighted to partner with a FinTech company specializing in both payments and iGaming, ”said Joe Billhimer, Executive Vice President of Cordish Gaming. Group, owner of Live! Casinos & Hotels. “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 one platform. “

Launched in Silicon Valley in 2009, PayNearMe processes all forms of payment besides cash, including cards, ACH, Apple Pay, and Google Pay. Earlier this year, the company launched a partnership with Walmart that allows customers to facilitate cash payments of their bills through the Green Dot network.

Read more: Walmart and PayNearMe team to offer cash bill payment services

According to PayNearMe, MoneyLine uses the company’s technology and expertise to reduce operator costs and increase player satisfaction. The solution aims to streamline deposit flows and accelerate payments, while providing insights that enable operators to optimize their workflows and improve customer retention. The platform offers faster and smarter cashout, frictionless deposits and the ability for players to deposit or withdraw money to online accounts in physical facilities.

“Deposits and payments are the most crucial points of contact that operators have with their players. When there is friction at these touchpoints, players fall and operators lose revenue, ”said Michael Kaplan, chief revenue officer and general manager of PayNearMe. “MoneyLine takes the friction out, allowing operators to give players what they want: easy and fast deposit and payment experiences. “

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NEW PYMNTS DATA: TODAY’S SELF-SERVICE PURCHASE JOURNEY – SEPTEMBER 2021

On: Eighty percent of consumers want to use non-traditional payment options like self-service, but only 35 percent were able to use them for their most recent purchases. Today’s Self-Service Shopping Journey, a PYMNTS and Toshiba Collaboration, analyzes more than 2,500 responses to find out how merchants can address availability and perception issues to meet demand for self-service kiosks.

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