According to Moti Malul, CEO of Aristocrat Interactive, iLottery could face losses of up to $30 billion in market share over the next 10 years if the industry doesn’t innovate to stand up to competitive pressures. The new generation of bettors is flocking to iGaming and online sports betting because of exceptional user experiences, a challenge that many in iLottery have yet to solve. If your players’ payments aren’t as easy as checking out on Amazon, you’re missing out on billions in revenue.
Luckily, PayNearMe solves your payment experience problems—including easily offering the most popular tender types that attract new players—through a single contract and integration. Our powerful platform helps you streamline deposits, increase the speed of prize payouts, boost acceptance rates, decrease fraud, and simplify back-office processes to free up resources. Our technology powers payments for many of the most recognizable names in betting across all iGaming verticals, including iLottery and lottery couriers, online casinos, online sportsbooks, daily fantasy sports, and more.
PayNearMe makes offering an optimized payment experience even easier through direct integrations with the top platform providers in the online lottery industry, including Aristocrat Interactive, IGT, and Scientific Games Digital.
How We Can Help
- One platform for payments: Offer all major tender types, including cards, online banking, PayPal, Venmo, Apple Pay, and our best-in-class cash-at-retail deposit solution.
- Attract new-player markets: Increase player acquisition, conversion, retention, and lifetime value by offering modern, familiar payment options.
- Consolidate player data: Eliminate data silos with comprehensive player payment behavior dashboards that help you market and plan more effectively. Streamline operations: Offload the complexities of managing multiple vendors and contracts with a single, experienced payment partner.
PayNearMe’s flexible, feature-rich platform helps you offer a payment experience that gives your players all the most popular tender types while future-proofing your business with new payment methods as they become available. With embedded features focusing on player data insights and risk and fraud, PayNearMe keeps your resources focused on what matters, such as player acquisition and retention that will keep your business thriving despite the competition.
PayNearMe has been providing payments to the iGaming industry for as long as it has been legal in the U.S. market and has continuously innovated based on current trends and client feedback. Reach out to speak with one of our experienced team members about our platform or to get a personalized demo. To learn more, visit www.paynearme.com.