SPORTS BETTING
US – BetSaracen sports betting app live on PayNearMe’s MoneyLine platform
By Phil - 23 May 2022
On the heels of being granted approval by the Arkansas Racing Commission to provide its MoneyLine platform to licensed operators across the state, PayNearMe has announced Saracen Casino Resort’s new online sports wagering app, BetSaracen, is live on MoneyLine, allowing players to go from deposit to play quickly and easily using convenient payment types including PayPal and Venmo, as well as cash at 245 retail locations across the state.
“With MoneyLine, we are giving our players the option of the fastest and most convenient way to make deposits using their favorite digital payment types or cash at participating retail locations in Arkansas,” said Carlton Saffa, Chief Market Officer at Saracen Casino Resort. “Additionally, MoneyLine’s integration with Amelco, BetSaracen’s sports betting platform, makes it easy to provide our players with additional deposit and withdrawal channels in the future, including the forthcoming ability to make real-time, cardless cash withdrawals at ATMs.”
Managing deposits and payouts is a complex process that requires technology designed specifically for the iGaming industry. PayNearMe has deep expertise in the gaming industry and worked closely with the Arkansas Gaming Commission to ensure MoneyLine is compliant with all applicable statutory requirements.
“We’re excited to offer our best-in-class iGaming payments platform to Arkansas operators and partner with Saracen to deliver player-preferred tender types, including PayPal, Venmo and cash,” said Leighton Webb, Vice President and General Manager of iGaming and Sports Betting, PayNearMe. “We look forward to being able to further expand their payment options as they grow, while helping them manage costs and maximize revenue.”
PayNearMe’s integration with BetSaracen is made possible through PayNearMe’s strategic partnership with Amelco-UK, Limited, a sports betting platform provider used by Saracen and other gaming operators in the U.S. As a preferred payments technology platform for Amelco, MoneyLine, powered by PayNearMe, enables both deposits and payouts for Amelco operators, helping them get to market fast with a full range of payment types to satisfy player preferences.
PayNearMe now operates and processes payments for licensed online sports betting and iGaming operators in 19 U.S. states and is expanding its gaming footprint as new states legalize online sports betting and iGaming. PayNearMe provides a complete payment solution for online sports betting and iGaming, with a focus on removing friction to enable operators to deliver a best-in-class player journey. With one platform and integration, operators can facilitate deposits, payouts and engagements using data to automate decisioning and better manage payment experiences that ultimately reduce costs and increase revenue.
