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PayNearMe unveils new MoneyLine iGaming tool

PayNearMe unveils new MoneyLine iGaming tool

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Payments specialists PayNearMe have introduced MoneyLine, a platform specifically designed to manage the complexity of money movement within the iGaming sector. MoneyLine is already proven, having been in use in the online casino affiliated with the Live! Casinos in Philadelphia and Pittsburgh.

Joe Billhimer, Executive V of Cordish Gaming Group, owner of Live! Casinos & Hotels has endorsed the value of this new product: “Managing deposits and payouts is a complex process, and it requires technology designed specifically for our industry, so we’re pleased to partner with a FinTech company that specialises in both payments and iGaming. We were looking for an all-in-one solution and found that MoneyLine gives us the flexibility and agility we need, along with the widest range of payment types, all on a single platform.”

Launched in Silicon Valley in 2009, PayNearMe processes all forms of payment in addition to 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 for bills through the Green Dot Network. MoneyLine uses PayNearMe technology and expertise to streamline deposit flows and accelerate payouts, while providing insights that let operators optimise their workflows and improve customer retention. The platform offers faster, intelligent cashiering, frictionless deposits and the ability for players to deposit or withdraw cash from online accounts while at brick-and-mortar facilities.

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