PayNearMe, the payments platform being used in digital wallet platforms by a growing number of casinos, announced the addition of PayPal and Venmo to its list of modern payment options in the U.S. These new digital wallet payment types allow casinos to offer their customers more choices for convenient and frictionless payments.
“Consumers are growing increasingly comfortable using mobile payments to purchase goods and services as well as exchange money with friends and family,” said John Minor, senior vice president, product and support for PayNearMe. “Now, they expect the same fast, frictionless experience to make payments and receive disbursed funds.
“With the addition of PayPal and Venmo, we’re helping businesses meet customers where they are by enabling payments at anytime, anywhere, and in any way they want to pay—including credit, debit, ACH, Apple Pay, Google Pay, PayPal, Venmo or cash.”
With more than 400 million active accounts, PayPal is one of the most widely used payment methods for non-commerce transactions.
Venmo’s popularity is largely driven by the 35 percent of Gen Z and millennial consumers who want to have the option to use Venmo to pay their bills.
PayNearMe’s native integrations with PayPal and Venmo work out of the box—no third-party apps or plug-ins are required. All transactions are saved to a single ledger to help ensure the reconciliation process is easy for businesses accepting these forms of payment.
“Consumer adoption of PayPal and Venmo has grown exponentially since the beginning of 2020 and we expect it to become one of the fastest growing payment types for bill pay and other non-commerce transactions.” Minor said. “By adding PayPal and Venmo to our platform, PayNearMe clients across vertical markets can quickly and easily begin accepting these popular payment types, which will go a long way toward satisfying customers’ expectations.”