PayNearMe, a new and reliable billing, and payments platform, is going to allow sports punters to make withdrawals at ATMs starting from 2022. PayNearMe has struck a deal with Pin4 that will see sports bettors allowed to withdraw sportsbook winnings from more than 18,000 ATMs across the country, which is quite a feat.
PayNearMe has gradually emerged as one of the top go-to choices for online gamblers and it is easy to see why. The payments firm has greatly helped to manage and reduce the complexities of online gambling today. With this collaboration between the brand and Pin4, operators will now have the power to give their customers immediate access to their winnings.
PayNearMe will integrate Pin4’s patented technology within its MoneyLine platform to present gamblers with a quick and easy option to withdraw their money in cash at ATMs in various parts of the country. PayNearMe already has a vibrant cash-in retail product that has proven to be extremely popular in brick and mortar casinos and online gamblers have been asking for a similar service.
The cash in at retail options allows those gambling on casino floors to fund or load their sports betting and table game betting accounts. However, there has never been an option to withdraw cash until now. With this new addition, punters now have the means to do both that is not only incredibly fast, but efficient as well.
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So how does it work?
When a player wants to initiate a cash payout, all they have to do is input their mobile phone number, as well as the amount they wish to withdraw. Once the request has been proceeding by their chosen operator, the player will be sent 2 messages. One of these messages will be a 4-digit order number, as well as the dollar amount they requested to withdraw. This message will also contain the time window for the withdrawal of the cash amount.
The second message will contain a URL that links to a locator map identifying various ATMs in the user’s area that will allow the player to complete their withdrawal. To access their funds, all the player has to do is fill in their phone number, the amount they need to take out, their order number, as well as a separate secure 4-digit PIN into the ATM to receive their winnings. This entire process has been dubbed the “Mastercard Cash Pickup’’.
Withdrawing their winnings has always been a major pain point for punters and Pin4 together with PayNearMe are helping to solve this pain via this newly formed partnership. As a result of this collaboration, PayNearMe now provides the widest range of deposit and withdrawal options on a single platform. With these instant cash withdrawals, casino operators in both the retail and online settings can now attract more customers.
The Pin4 system should be available to players in the early weeks of 2021 as PayNearMe continues to integrate even more withdrawal and deposit options for its customers. At present, PayNearMe operates and processes online transactions for more than 17 licensed operators in the country and has been keen on expanding its footprint in the gaming sector. It has especially been interested in debuting its services in states that have newly legalized sports betting and iGaming markets.
PayNearMe has grown from strength to strength
PayNearMe was founded to facilitate an improved end-to-end customer payment experience, thus making it easy for modern businesses to manage, as well as accept payments. Not only is the PayNearMe platform reliable and flexible, but it was also built to provide businesses of all types including casino operators enhanced operational efficiency while driving the cost of accepting payments down.
PayNearMe utilizes special tech, dubbed MoneyLine, to simplify the end-to-end movement for online casinos and sports wagering operators. PayNear me provides the most reliable payment process for punters at the cashier and cash at the cage, during deposits, payouts, and now withdrawals. All this can be done within one platform, which has greatly helped operators to improve the customer experience.
In particular, PayNearMe has been part of the iGaming market since 2013 and now processes cash deposits for 16 of the 17 most popular casinos in the US. It also works with 9 of the 10 biggest operators such as the likes of William Hill, BetMGM, PointsBet, as well as FanDuel. Today PayNearme is accepted in more than 31,000 retail locations across the country.
Not too long ago, PayNearMe expanded its footprint even further. Just before the year came to a close, the Californian-based firm received approval from the Arizona Department of Gaming to supply its offering to operators with a license in the Grand Canyon State. A few days later, the platform also launched in Connecticut, bringing the total number of regulated markets it is available to 15.
More great news in 2022
More recently, PayNearMe received approval from the New York State Gaming Commission to supply its MoneyLine platform to licensed operators in New York. This means that operators in New York, such as Rush Street Interactive, FanDuel, Caesars Sportsbook, and DraftKings will now provide this option to its customers starting from January 8th, 2022.
In addition to offering these operators the MoneyLine technology, 3 more operators that had already integrated MoneyLine will also expand into the Empire State. As such, PayNearMe is now affiliated with some of the most well-known names and brands in the country’s flourishing gambling scene. As of today, the MoneyLine platform is now accessible in 18 states.
Final Thoughts
When PayNearMe launched its flagship cash payment system at retails shops all over the country no one could have anticipated its tremendous growth. That was 12 years ago. Today, PayNearMe is one of the most popular payment options for modern shoppers and digital-savvy customers.
Since this flagship program was launched at retail stores, PayNearMe has expanded the platform greatly to include credit, ACH, DEBIT, Google Pay, Apple Pay, and now the MoneyLine technology for casinos and iGaming operators. Even though the brand only entered the payment space less than 10 years ago, it has managed to build a strong footprint in the gaming market and is today in a stronger and better position than most, which is quite an accomplishment.
