When regulated online gambling first came to some areas of the United States, there was some confusion by banks over how to process payments for these new sites. Thankfully, a number of payment options sprung up to help make it easier for players to get money into these locally licensed websites.
One particularly popular option is PayNearMe. With this service, players have the option of simply heading to a nearby convenience store and securely making a deposit using cash, just as they might do when buying products from the same outlet. It’s fast, simple, and secure, making it one of the best ways to play in markets like New Jersey and Nevada.
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Fast and safe deposits through PayNearMe
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PayNearMe was launched in 2009 as a way to help individuals who primarily used cash to make purchases and payments have many of the same convenient options enjoyed by those who utilized credit and debit cards. The idea was simple: let people come to local stores and pay their bills or make other payments right over the counter, in cash. Today, there are nearly 20,000 retail locations in the United States that allow payments to be made this way – primarily, 7-Eleven and Family Dollar stores – to a diverse group of payees, including government agencies and businesses across the country.
When regulated online gambling began to flourish in New Jersey and Nevada, this service was one of the early targets for operators, as it provided an easy alternative to using a credit card to make deposits. Although banks have gotten better at processing such payments and distinguishing them from deposits for offshore sites, this was an important option in the early days of the industry, and remains popular for those who either want to play in cash or have trouble getting card-based deposits approved.
In order to get started with PayNearMe, you’ll first need to sign up for an account at one of casinos that offer this as a deposit option. This includes most of the casino and poker room sites currently regulated in New Jersey and Nevada. Next, you’ll want to go to the cashier or banker section of that website, and find the appropriate option.
From there, you will receive a PayCode that can either be printed out, or sent directly to your mobile phone via text message. This PayCode can then be taken to a participating retail outlet near you. At the store, the PayCode will be scanned, and you can make a deposit in cash in the amount you desire. The PayCode is reusable, and will be linked directly to your account at the casino site.
Once you’ve paid – a process that should only take a minute – you’ll be ready to play. The store will give you a receipt for your transaction, the funds will be instantly transferred to the iGaming website, and the next time you log in, you’ll see them added to your balance, allowing you to begin real money play.
The most obvious advantage to the PayNearMe system is that it offers a workaround for those who either can’t or do not want to utilize a more traditional form of payment. If you do not have access to a credit card or a bank account, this is an easy way to directly deposit with cash. Similarly, if you’re wary about sharing financial information over the Internet, this method allows you to avoid doing so entirely, instead handling your transactions face-to-face in cash.
As for downsides, the one that immediately comes to mind is the fact that this method isn’t as quick as options that can be handled online, directly through a site’s cashier system. Instead, you must travel to a retail location in order to make your deposit. In addition, there is a daily $500 deposit limit, which could be seen as a negative or a positive, as it can help players control their spending but can also fall short of what high-limit players wish to put in their accounts.
Do I Need to Sign Up For Anything to Use This Method?
No, there is no need to sign up for any special accounts in order to use this service. There is an app available, however, that will help you keep track of your payment history and your receipts if you wish to do so.
Can I Use This Option in the United States?
Yes! In fact, this is entirely a USA-facing service, designed to make payments easier throughout the country. In the gaming industry, it has primarily been used by regulated sites in states that have approved iGaming, including New Jersey and Nevada.
Can I Process Withdrawals Through This Method?
Unfortunately, we do not know of any operators who currently offer withdrawals through PayNearMe. However, plenty of other options are available at such sites for those who are looking to cash out their winnings.
Are There Any Fees?
PayNearMe charges a flat fee of $3.99 per transaction. This is paid by the player at the retail outlet at the time when they make their deposit.
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