PayNearMe has signed a deal with IGT that will give IGT’s PlaySports customers the option to offer PayNearMe’s deposit and payout solution to their players.
IGT PlaySports customers will have the option to leverage PayNearMe’s MoneyLine platform to facilitate cards, ACH, cash and mobile-first deposit methods including Apple Pay and Google Pay, plus payout solutions such as push-to-debit and cash-out at retail. Additional benefits include access to MoneyLine’s player engagement engine and business rules.
“We’re excited to form a partnership with leading platform provider IGT to offer IGT’s PlaySports customers a workflow-driven UX/UI, flexible payments options, and an ability to get to market quickly,” said Mike Kaplan, Chief Revenue Officer and General Manager of PayNearMe. “Our turnkey, single integration and single contract payment solution enables IGT PlaySports customers to improve the player experience with an elegant UI designed to simplify deposits and payouts, while offering players additional choice and flexibility.”
PayNearMe has enabled cash deposits via IGT’s proprietary payment gateway IGTPay for IGT’s iGaming and sports betting customers since 2019. This expanded partnership now allows operators to access MoneyLine’s full suite of cash and electronic deposit and payout features. For example, IGT sports betting customers can now give players the option to deposit and withdraw cash from their online accounts while they are on-site at brick-and-mortar facilities.
PayNearMe operates and processes payments for licensed online sports betting and iGaming operators in 15 US states and is expanding its gaming footprint as new states legalize online sports betting and iGaming. PayNearMe’s MoneyLine platform for online sports betting and iGaming is designed to remove friction, enabling 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.
PayNearMe has been servicing the iGaming market since 2013, and is currently active in 15 regulated gaming markets in the US. The company processes cash deposits for 9 of the 10 largest US operators and 16 of the 17 largest online casinos in the US, including BetMGM, TVG, PointsBet, FanDuel and William Hill.