Third-party wallets like PayPal are a common deposit and withdrawal option for Pennsylvania online casinos and PA online sportsbooks. PayNearMe MoneyLine is a new player in that market specifically designed for online gambling.
The platform is now available for Pennsylvanians on PlayLive! Casino. If the product delivers all it promises, though, many other PA online gambling operators may join the fold.
How PayNearMe MoneyLine works
If you’ve ever used PayPal to deposit money into your online sportsbook account, you’ll catch onto MoneyLine quickly. The product represents a broad expansion in services for PayNearMe.
As far as iGaming has gone, PayNearMe has had one useful service for people who like to bet online. That’s been the ability to essentially turn cash into money in those accounts at places like convenience stores.
MoneyLine takes that same concept and builds upon it greatly. It does so with the interests of iGaming in mind as well. With MoneyLine, for example, players no longer need to worry about their banks declining deposit attempts when using a debit or credit card.
Players can instead deposit the desired funds to their MoneyLine account and then transfer as much as they want to their online gaming balances with no delay or fees. Players can then also withdraw winnings to their MoneyLine account and decide what to do with the money from there.
Currently, PlayLive! Casino is the only PA online gambling operator that accepts MoneyLine, as it’s a rather new product. Given proper execution and time, access should expand in PA.
Benefits of using MoneyLine for gambling companies and gamblers
One of the biggest deterrents to gamblers’ frequent playing online is the inability to deposit and withdraw funds conveniently. The hindrances include declines and delays that can often pop up in the process.
That’s why it’s not only a win for gamblers but for gaming companies as well to limit those obstacles. MoneyLine also affords players a lot of choices for deposits and withdrawals, including:
- ACH payments
- Cash at PayNearMe partners and MoneyLine participating casino cages
- Credit cards
- Debit cards
- Smart Link on mobile devices
Joe Billhimer, Executive Vice President of Cordish Gaming Group, a division of The Cordish Companies, which owns and operates PlayLive! recently commented:
“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.”
New PayNearMe tool also promotes responsible gambling
Besides added convenience, MoneyLine can be a responsible gambling tool as well. The service makes setting a budget and sticking to it easier.
One way to do this is to deposit the budgeted amount into the account and then restrict yourself to only gambling with those funds over the allotted time. That way, you’re assured you won’t overspend.
PlayLive! customers can give MoneyLine a try as soon as they like. Hopefully, other PA online casinos and sportsbooks will also accept the service as a form of payment soon.
Lead image via Dreamstime.