ATM withdrawals come into the iGaming space

Online casino and sports betting players will soon be able to access their funds faster thanks to a faster withdrawal process. As the iGaming market continues to grow, they will soon be able to access any winnings or account funds through the nearest ATM.

iGaming comes to ATMs

PayNearMe has announced a partnership with Pin4. The partnership will make it easier for online gamblers to access their funds in early 2022. Pin4 is a company that offers business-to-business financial technology, allowing customers to have more efficient ways to get cash.

PayNearMe iGaming customers should be able to access their funds quickly at more than 18,000 ATMs nationwide.

A player can schedule a cash payout in their PayNearMe account to initiate it. The person will receive a message with a 4-digit code after declaring the withdrawal amount online. To get the cash instantly, the customer has to enter their phone number and the amount they wish to withdraw. According to the company, in response to a question from Casino.org, the maximum daily withdrawal amount will be $500.

PayNearMe announced its partnership with Pin4 this week at the SBC North America Summit in Secaucus, New Jersey.

PayNearMe: rapid growth

PayNearMe operates in 17 states where online gambling is legal. Nine of the top ten online casino and betting sites, including BetMGM, FanDuel and Casino Without Swedish License With Zimpler have signed contracts with PayNearMe.

One of the biggest disappointments for iGaming players is that they do not receive their funds when they request a withdrawal. PayNearMe claims that the partnership with Pin4 will solve these complaints.

Withdrawals have always been a major issue for players," said Michael Kaplan, Chief Revenue Officer of PayNearMe, adding: "Through this partnership we are helping operators solve this problem. We provide the most - and the best in the industry - deposit and withdrawal options on a single platform, and will continue to look for ways to expand these opportunities for operators and their players."

PayNearMe has announced that its Pin4 ATM variant is being integrated into its Moneyline iGaming platform and mobile sports betting money transfer platform. PayNearMe ATMs will allow players to use their funds at more than 31,000 locations in the US.

ATM withdrawals made easier

Many people accustomed to the new system may initially find it difficult to withdraw funds from their PayNearMe accounts at ATMs. Pin4 claims that the process is simple.

At a Pin4 ATM, customers will choose to start with a transaction without a card. The next step is to select "Mastercard Cash Pickup" and follow the prompts on the screen. These prompts will ask for the phone number, the withdrawal amount and the four-digit pin code that PayNearMe sent earlier via SMS.

PayNearMe said its partnership with Pin4 was due to the large number of online gamers who prefer cash to fund their gaming activities. Cash withdrawals at its retail outlets are still popular and will remain so, the company said.

 

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