IGT PlaySports integrate PayNearMe’s deposit and payout solution

The PayNearMe executive team at G2E 2021, presenting MoneyLine.

2021-10-07

United States

Reading time 1:26 min

This alliance allows IGT PlaySports 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.

Payments company PayNearMe announced Tuesday a strategic partnership with IGT, which will give IGT’s PlaySports customers the option to offer PayNearMe’s deposit and payout solution to their players.

IGT PlaySports customers will be able 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 announce a strategic partnership with IGT that will give IGT’s PlaySports customers the option to offer PayNearMe’s deposit and payout solution to their players.https://t.co/I1N5SMpAym #g2e2021 #g2e #gaming #fintech #payments #moneyline
— PayNearMe (@PayNearMe) October 5, 2021

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. 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 U.S. states and is expanding its gaming footprint as new states legalize online sports betting and iGaming.

In an official press release, Mike Kaplan, Chief Revenue Officer and General Manager of PayNearMe spoke about this new integration and said: “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. 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.”