The mobile cash payments platform PayNearMe has launched a new platform to help “manage the complexities of the iGaming money movement.”
MoneyLine, which was announced on Monday (Oct. 4) at the Global Gaming Expo in Las Vegas, is already being used by PlayLive!, the online casino affiliated with Live! Casinos & Hotels in Philadelphia and Pittsburgh, the company said in a news release, offering a simpler deposit/payout experience for online players in Pennsylvania.
“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 specializes in both payments and iGaming,” said Joe Billhimer, executive vice president of Cordish Gaming Group, which owns 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 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 lets customers facilitate cash payments for bills through the Green Dot Network.
Read more: Walmart, PayNearMe Team to Offer Cash Bill Payment Services
According to PayNearMe, MoneyLine uses the company’s technology and expertise to reduce operator cost and increase player satisfaction. The solution aims to streamline deposit flows and accelerate payouts, while providing insights that let operators optimize 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.
“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,” said Michael Kaplan, chief revenue officer and general manager of PayNearMe. “MoneyLine removes the friction, enabling operators to give players what they want: easy, fast deposit and payout experiences.”
The cellular money funds platform PayNearMe has launched a brand new platform to assist “handle the complexities of the iGaming cash motion.”
MoneyLine, which was introduced on Monday (Oct. 4) on the World Gaming Expo in Las Vegas, is already being utilized by PlayLive!, the net on line casino affiliated with Stay! Casinos & Accommodations in Philadelphia and Pittsburgh, the corporate mentioned in a information launch, providing an easier deposit/payout expertise for on-line gamers in Pennsylvania.
“Managing deposits and payouts is a fancy course of, and it requires know-how designed particularly for our business, so we’re happy to associate with a FinTech firm that focuses on each funds and iGaming,” mentioned Joe Billhimer, government vice chairman of Cordish Gaming Group, which owns Stay! Casinos & Accommodations. “We had been on the lookout for an all-in-one resolution and located that PayNearMe’s MoneyLine offers us the pliability and agility we want, together with the widest vary of cost sorts, all on a single platform.”
Launched in Silicon Valley in 2009, PayNearMe processes all types of cost along with money, together with playing cards, ACH, Apple Pay and Google Pay. Earlier this yr, the corporate launched a partnership with Walmart that lets prospects facilitate money funds for payments by way of the Inexperienced Dot Community.
Learn extra: Walmart, PayNearMe Workforce to Provide Money Invoice Fee Providers
In accordance with PayNearMe, MoneyLine makes use of the corporate’s know-how and experience to scale back operator price and enhance participant satisfaction. The answer goals to streamline deposit flows and speed up payouts, whereas offering insights that permit operators optimize their workflows and enhance buyer retention. The platform presents quicker, clever cashiering, frictionless deposits and the flexibility for gamers to deposit or withdraw money from on-line accounts whereas at brick-and-mortar amenities.
“Deposits and payouts are probably the most essential touchpoints operators have with their gamers. When there’s friction at these touchpoints, gamers drop off and operators lose income,” mentioned Michael Kaplan, chief income officer and basic supervisor of PayNearMe. “MoneyLine removes the friction, enabling operators to provide gamers what they need: straightforward, quick deposit and payout experiences.”