PayNearMe Betting Sites

PayNearMe is the ideal deposit method for bettors wary of sharing their credit card or banking information with third parties.

It is the most popular cash-based deposit method for licensed betting apps and online sportsbooks in the USA because it is fast, simple, and secure.

While most deposit options involve electronic transfers of funds, PayNearMe transactions are a simple matter of visiting a nearby convenience store or pharmacy and paying with cash.

Best PayNearMe Betting Sites

PayNearMe is more convenient than one would think despite the fact it involves the exchange of physical currency. Wherever bettors live, they are likely not far from the nearest PayNearMe outlet. Common PayNearMe cashiering locations include 7-Eleven, CVS Pharmacy, and Family Dollar. In March 2022, PayNearMe reached an agreement with Walgreens to further expand its reach and process payments at nearly 9,000 Walgreens locations nationwide.

Mobile sportsbooks and gambling sites have obvious incentives to make depositing as painless as possible, so it is an easy choice for them to offer PayNearMe as an option for their most privacy-minded customers.

Difficulties processing many credit and debit card payments have also spurred the growth of PayNearMe in the regulated market. Even today, some financial institutions are reluctant to process transactions related to online sports betting, leading to customers experiencing declined deposits.

Bettors who have had problems depositing with a debit or credit card will find PayNearMe a workable and convenient solution.

How to Deposit with PayNearMe

Depositing with PayNearMe is simple.

Bettors can get started by signing up for an account at one of the many betting sites that accept PayNearMe deposits. Most licensed betting sites in the US accept PayNearMe deposits, so finding a suitable sportsbook should be no problem.

Readers in the market for a new betting site or online sportsbook can see BettingUSA’s recommendations near the top of this page.

Here’s a step-by-step process for depositing at betting sites that accept PaynearMe:

1. Login to your betting account and visit the cashier to make a deposit
2. Choose “PayNearMe” from the list of available deposit methods
3. Choose an amount to deposit; the sportsbook will generate a PaySlip
4. Save the PaySlip to your phone or print it at home
5. Take the PaySlip to the nearest 7-Eleven, CVS, Walgreens, or Family Dollar (find your nearest location)
6. Hand the PaySlip to the cashier and pay your selected deposit amount with cash
7. Your betting site will credit your account within minutes

A typical PaySlip looks like this:

Betting Sites That Accept PayNearMe

All prominent online sportsbooks and betting apps accept PayNearMe deposits. BettingUSA’s highest-rated betting sites that take PayNearMe include:

• BetMGM
• FanDuel Sportsbook
• Caesars Sportsbook
• BetRivers
• Bet365

PayNearMe’s reach extends well beyond the above sportsbooks, though. It is an established payment method at a diverse range of betting sites ranging from online casinos to state lotteries.

Some of the many other types of betting sites that accept PayNearMe include:

• Most licensed betting apps and online sportsbooks in the US
• Legal poker sites and online casinos
• Online lottery sites
• Licensed horse racing betting sites

In summary, the only betting sites that PayNearMe does not serve are illegal offshore operators. As a US-based payment processor, PayNearMe is conservative in its approach to business in the United States. As a result, PayNearMe refuses to work with unlicensed betting sites that operate contrary to US law.

PayNearMe Withdrawals

PayNearMe initially launched as a one-way deposit method. Previously, customers could only use PayNearMe to make deposits but not withdrawals. However, PayNearMe has expanded its capabilities since then.

In November 2021, PayNearMe announced a partnership with fintech company Pin4 to offer ATM cash withdrawals to customers starting in early 2022. PayNearMe cash withdrawals are simple, secure, and do not require an ATM card.

Customers can initiate PayNearMe withdrawals by entering their mobile phone numbers and amount to withdraw. After the sportsbook processes the withdrawal, customers receive two text messages:

1. The first text message provides a four digit order number, withdrawal amount, and timeframe for completing the withdrawal
2. The second text message provides a link to view a map of nearby ATMs customers can use to withdraw cash

Next, customers visit the nearest ATM and enter their mobile phone number, withdrawal amount, and four-digit PIN to receive a cash payout from the ATM.

Is Betting With PayNearMe Safe?

Yes. One thing that’s important to note is that all relationships PayNearMe develops with regulated betting sites are a two-way street. PayNearMe exercises discretion in who it chooses to serve, but legal betting sites also vet PayNearMe.

Not only do online sportsbooks undergo an exhaustive vetting process when applying for online betting licenses, but so do their payment processors. Online gaming operators must undergo extensive background checks, financial suitability analyses, technology investigations, and much more.

Additionally, payment processors undergo similar levels of scrutiny, not just from their partners but also from state gaming regulators. Payment processors such as PayNearMe must have processes in place to prevent minors and self-restricted gamblers from funding online betting accounts, ensure the security of customers’ funds, and so on.

PayNearMe shoulders some of the burden by sending an approval request to the betting site in question each time someone initiates a cash deposit. If the customer does not have an account with that sportsbook, is underage, or has self-excluded from gambling, PayNearMe declines the transaction right there at the counter.

What Advantages Does PayNearMe Offer Over Other Deposit Methods?

PayNearMe’s primary advantage and selling point is that it does not require customers to divulge their private banking information at any time. If customers have cash in their pocket, they can complete a PayNearMe deposit from start to finish without ever giving their credit card number or banking details to a third party.

PayNearMe also comes in handy for anyone without a bank account, credit card, or debit card. Whether a customer has had problems funding their betting account via other means or simply prefers to pay for everything with cash, PayNearMe is the solution.

As an added benefit, PayNearMe makes it easier for bettors to keep their spending under control. Multiple studies have found people tend to watch their expenditures more closely when paying with cash as opposed to paying with credit. Paying with cash tends to feel more “real” than simply swiping a credit card.

What Disadvantages Does PayNearMe Suffer vs. Other Deposit Options?

PayNearMe is convenient for a cash method, but it’s still not as convenient as simply typing in a credit card number or initiating an electronic bank transfer from the comfort of home. PayNearMe deposits require customers to leave their house, visit their nearest 7-Eleven or pharmacy, and pay with cash in person.

The other significant limitation is PayNearMe limits customers to $500 worth of deposits per day. The low deposit limit may benefit bettors who need help keeping their spending under control, but it simply doesn’t work for high-stakes gamblers who need to move large sums of money.

Finally, PayNearMe deposits are sometimes free but often come with a fee ranging from $1.99 to $5.99 per transaction. It’s not a huge fee, but it is not efficient for smaller deposits. In comparison, credit card deposits and bank transfers are almost always free.

What is MoneyLine by PayNearMe?

MoneyLine is a B2B payment platform that helps online sportsbooks manage deposits, withdrawals, compliance, and operations. Few bettors will recognize the name because it operates on the backend, but many benefit from the varied deposit methods and speedy withdrawals it provides.

PayNearMe designed MoneyLine specifically for the iGaming industry and launched it in October 2021. MoneyLine is an end-to-end payment solution, meaning operators can use it to outsource everything related to deposits and withdrawals.

Most of the nation’s name-brand sports betting sites use MoneyLine to accept deposits via credit cards, debit cards, PayPal, Apple Pay, Venmo, and other payment methods.

MoneyLine also handles customer withdrawals and is responsible for introducing some much-needed improvements in payouts to customers. For example, MoneyLine’s push-to-debit solution can send payouts to customers’ debit cards within minutes, not days. Other MoneyLine payout methods include cardless cash at ATMs, bank transfers, PayPal, Venmo, and cash at the casino.

PayNearMe Betting FAQ

Below are answers to some of the most frequently asked questions regarding PayNearMe. If any readers do not see the answer to their question here, their best option would be to contact their betting site’s customer support team.