Online casino players to receive ATM option for withdrawal

By Antoine Borg Micallef
Published December 3, 2021

There are numerous methods for players at US casinos to make instant deposits into their online casino account. And yet, most players will be very aware of how much longer it can take for them to withdraw any winnings.

Some withdrawals methods such as PayPal, Visa, or MasterCard do clear withdrawal payments up to 72 hours after they are made. But it can be quite frustrating to redeem your welcome bonus, land a great win, and not have an instant option to cash out. However, this is all about to change!

Starting from January 2022, following a partnership with PayNearMe and Pin4, online US casino players in New Jersey can get their winnings through an advanced withdrawal method. 

PayNearMe is a leading iGaming financial services company, and it is now partnering with Pin4, a firm that uses B2B financial technology to offer more efficient money withdrawal systems.

How can US players withdraw money from an ATM?

Any online casino players that use PayNearMe will have access to over 18,000 ATMs located across the US to withdraw their funds. The entire process consists of the following steps:

  1. Transaction must be initiated on the client’s PayNearMe account
  2. Enter the amount to withdraw and mobile phone number
  3. A four-digit passcode will be sent through as a text message
  4. Visit one of these ATM, enter the phone number, withdrawal amount, and passcode

Players will be limited to withdrawing $500 per day at the time of launch.

Is it a safe withdrawal method?

Not only will this method be safe and secure, but it will also be one of the most efficient cash withdrawal methods for casino players in the US.

“Withdrawing funds has always been a significant pain point for players,” said Michael Kaplan, PayNearMe’s chief revenue officer and general manager.

Today, PayNearMe operates in 17 states with legalized online gaming. The firm is in partnership with nine of the ten biggest internet gambling platforms, including Caesars Casino, BetMGM, and FanDuel.