PayNearMe introduces MoneyLine, a next-generation platform developed to simplify the payment experience for iGaming players and operators


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Play live! Casino relies on MoneyLine ™, powered by PayNearMeⓇ, to improve the player experience by streamlining deposit flows and speeding up payments

LAS VEGAS – (BUSINESS WIRE) – GLOBAL GAMING EXPO (G2E) – PayNearMe, the modern and reliable payment experience company known for making payments easier for both businesses and customers, today announced MoneyLine , the company’s new platform designed to handle the intricacies of the iGaming money movement. PlayLive !, the online casino affiliated with Live! Philadelphia and Pittsburgh casinos and hotels are among the first to use MoneyLine to simplify the deposit and payment experiences for its online players in Pennsylvania.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211004005209/en/

MoneyLine offers players a wide range of deposit choices, including cards, cash, ACHs, and popular mobile deposit options. It also allows operators to give players the ability to make one-click deposits from SMS, email or push notifications using PayNearMe’s Smart Link ™. (Photo: Business Wire)

“Managing deposits and payments is a complex process and requires technology designed specifically for our industry. We are therefore delighted to partner with a financial technology company specializing in both payments and iGaming, ”said Joe Billhimer, executive vice president of Cordish Gaming. Group, a division of world-renowned developers The Cordish Companies, which owns and operates Live! Casinos and hotels and PlayLive.com. “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. ”

The MoneyLine platform leverages PayNearMe’s technology, innovation and deep expertise in the gaming industry to improve the overall iGaming payment experience, reduce operator costs and increase player satisfaction. The new solution streamlines deposit flows, accelerates payments, and delivers information that enables operators to optimize workflows to improve customer acquisition, conversion and retention.

“Deposits and payments are the most crucial points of contact that operators have with their players. When there is friction at these touchpoints, players give up 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.”

An end-to-end iGaming payment experience management solution

MoneyLine offers a top-notch iGaming payment experience to increase player satisfaction, reduce costs and increase revenue. The platform offers:

  • Checkout : Today’s checkout solutions are often disjointed and difficult to navigate. MoneyLine offers a sleek and smart checkout that enables a smooth customer journey when it comes to deposits and payments. It consolidates multiple types of repositories and supports data-driven player workflows, including rescue streams, to increase conversion and player satisfaction while lowering operating costs.
  • Frictionless deposits: High rejection rates and hard-to-navigate deposit flows often lead to low player conversion and retention rates. MoneyLine offers players a wide range of deposit choices, including cards, cash, ACHs, and popular mobile deposit options. The new solution allows operators to give players the ability to make one-touch deposits from SMS, email or push notifications using PayNearMe’s Smart Link ™ technology. Whether operators are leveraging MoneyLine’s Cashiering or using their own, the new solution offers native integration options that enable the level of control, configuration and customization desired by the operator.
  • Faster Payments: Slow payouts and lack of withdrawal options can negatively impact player satisfaction. MoneyLine gives players near real-time access to funds on the payment types and channels they want the most. MoneyLine’s push-to-debit technology allows players to receive funds on their debit card in minutes, unlike traditional methods.
  • Caged cash: Today, many land-based casino and online gaming experiences are run from different systems resulting in an awkward process for players and operators. MoneyLine allows players to deposit and withdraw money from their online accounts simply and easily when they are on site at physical facilities.

MoneyLine is a specially designed platform on intelligent architecture that enables flexibility and rapid innovation. The company is continually evolving the platform by adding new types of deposits and payments, developing more in-depth analytics and reporting dashboards, and working with operators to create the best gaming experience in the industry. iGaming around payments and deposits.

PayNearMe is licensed to perform iGaming transactions in 15 states. PayNearMe is continuously working with regulators to expand its gaming footprint as new states legalize iGaming. Most recently Michigan, Arizona, Mississippi, and Wyoming approved PayNearMe to process iGaming payments.

Click here to book a demo of MoneyLine, powered by PayNearMe.

About PayNearMe

PayNearMe is developing technology to facilitate the end-to-end customer payment experience, making it easier for businesses to manage and accept payments. Our modern, flexible and reliable platforms are designed from the ground up to increase engagement, improve operational efficiency and reduce the total cost of accepting payments.

MoneyLine ™, powered by PayNearMeⓇ, simplifies the end-to-end movement of money for gaming and sports betting operators. It delivers the most reliable payment experience across key player touchpoints including checkout, deposits, payments, caged cash, commitments and more. With a platform and integration for major deposit and payment types, operators can reduce costs, get to market faster, and make the payment experience complete for their players.

PayNearMe has been serving the iGaming market since 2013 and is currently active in 15 regulated gaming markets in the United States. The company processes cash deposits from 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.

PayNearMe has enabled cash payments through our exclusive electronic payment network since 2009, and is now accepted at over 31,000 points of sale in the United States.

To learn more about PayNearMe, please visit www.paynearme.com. Follow PayNearMe on Twitter, LinkedIn and Facebook. The PayNearMe service is operated by PayNearMe MT, Inc., a licensed money issuer.

About Live! Casinos & Hotels

Live! Casinos and hotels are setting a new standard for premier customer experience with popular resort, casino and entertainment destinations throughout the Mid-Atlantic region. Live! offers a renowned mix of world-class accommodation and amenities, award-winning restaurants, casino gaming action and top-rated entertainment, all in an exciting and spontaneous atmosphere that has become synonymous with Live! nationwide brand. Live! offers a top-notch gaming experience, including a strategic partnership with FanDuel Group, to bring unique promotions and sports engagement opportunities to all Live! Properties.

With a commitment to impeccable customer service and treating guests like family, Live! The properties attract millions of visitors per year looking for unique experiences with games, dining and entertainment, all in one place. The portfolio includes Live! Casino & Hotel Maryland – located in the Washington, DC / Baltimore corridor; Live! Casino & Hotel Philadelphia – located in the heart of the South Philadelphia Stadium District; Live! Casino Pittsburgh – located in Westmoreland County, Pennsylvania; and PlayLive.com – the company’s branded Internet gambling business in the Commonwealth of Pennsylvania. Live! The casinos and hotels are owned and operated by Cordish Gaming Group, a division of world-renowned developers The Cordish Companies. For more information, visit LiveCasinoHotel.com.

This press release contains forward-looking statements regarding product development and availability. The development version and timing of future product releases are at the sole discretion of PayNearMe. These referenced products do not represent any delivery promises, commitments or obligations of PayNearMe MT, Inc. PayNearMe assumes no obligation and does not intend to update these forward-looking statements.

Kristin jones

[email protected]R.net

314-534-8187

Source: PayNearMe

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