The mobile cash payments platform PayNearMe has launched a new platform named “MoneyLine” to manage the complexities of iGaming money movement.
PlayLive!, the online casino affiliated with Live! Casinos & Hotels in Philadelphia and Pittsburgh, is among the first to use MoneyLine to simplify deposit and payout experiences for its online players in Pennsylvania.
The MoneyLine platform leverages PayNearMe’s technology, innovation and deep expertise in the gaming industry to improve the entire iGaming payment experience, reduce operator costs, and boost player satisfaction. The new solution streamlines deposit flows, accelerates payouts, and delivers insights that enable operators to optimize workflows for improved customer acquisition, conversion, and retention.
“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. 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,” Joe Billhimer, EVP of Cordish Gaming Group, a division of the world-renowned developers The Cordish Companies, which owns and operates Live! Casinos & Hotels and PlayLive.com, said.
“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. MoneyLine removes the friction, enabling operators to give players what they want — easy, fast deposit and payout experiences,” Michael Kaplan, Chief Revenue Officer and General Manager of PayNearMe, said.
PayNearMe is approved to operate iGaming transactions in 15 states. PayNearMe continually works with regulators to expand its gaming footprint as new states legalize iGaming. Most recently, Michigan, Arizona, Mississippi, and Wyoming have approved PayNearMe to process iGaming payments.