PayNearMe agrees deal with Trustly

This will look to help customers fund their accounts in real time. 

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PayNearMe has partnered with Trustly, integrating its Open Banking solution to have access to banking rails for real-time deposits and withdrawals. 

Trustly’s guaranteed ACH payment option has been integrated into the MoneyLine Platform from PayNearMe, allowing for guaranteed ACH deposits and the ability to instantly transfer winnings into player bank accounts. 

The fintech company’s clients can access pay by bank and other available payment options, such as cash, cards, PayPal, Venmo and Apple Pay in a single integration. Funding of their accounts can be done in real time, no longer having to enter their bank account details. 

PayNearMe EVP and Chief Revenue Officer Michael Kaplan said: “Our goal is to partner with best-in-class providers to offer a single integration and platform for all our clients’ payment needs, while ensuring they have a future-proof payments roadmap.  

“As we continue to enhance the MoneyLine Platform, we're excited to partner with Trustly, the leader in open banking solutions for the iGaming and online sports betting market.  

“Our iGaming clients get a proven, guaranteed deposit method, which reduces their risk, while their players get real-time access to deposited funds, improving their overall experience. There is a clear move toward open banking and we recognise the immense value it brings to our clients."

Trustly Chief Revenue Officer Frederick Crosby added: “Trustly is proud to partner with PayNearMe, which shares our commitment to creating a seamless payment experience.  

“This integration will streamline the transaction process and offer secure Open Banking Payments for both operators [with instant deposits] and players [with instant payouts]. We look forward to growing this partnership as the demand for Open Banking solutions continues to rise.” 

Last week, Mohegan Digital announced a partnership with PayNearMe, utilising the fintech company’s MoneyLine platform as its payment provider for online gaming operations in Pennsylvania. 


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