PayNearMe Enters Arkansas with BetSaracen Deal
BetSaracen has reportedly selected MoneyLine, the payments platform provided by PayNearMe, as the banking platform for its new online sports betting application.
The MoneyLine solution acts as a link between the gambling company and the customer’s bank account. Its selling points include speedy and secure transactions and compatibility with other payment methods like PayPal and cryptocurrencies.
Saracen Casino Resort, the parent company of BetSaracen, is the first operator PayNearMe will partner with Arkansas after getting approval from the Arkansas Racing Commission to launch its services in the state.
With its entry into the Arkansas online gambling market, PayNearMe is now present in 19 states of the U.S. The company claims to have active deals with 16 of the 17 largest online casinos in the United States, including BetMGM, FanDuel, and Caesars Sportsbook.
We’re excited to offer our best-in-class iGaming payments platform to Arkansas operators and partner with Saracen to deliver player-preferred tender types, including PayPal, Venmo, and cash. We look forward to being able to further expand its payment options as it grows while helping Saracen manage costs and maximize revenue.
Saracen Casino Resort is one of the biggest land-based casinos in Arkansas, covering over 80,000 square-foot with 45 table games, a poker room, a retail sportsbook, a sports bar, and several other exciting features. Earlier this month, the operator partnered with Amelco to launch its sportsbook in Arkansas, making it the second operator to go live with a sports betting site in the state.
With MoneyLine, we are giving our players the option of the fastest and most convenient way to make deposits using their favorite digital payment types, or cash, at participating retail locations in Arkansas.