Written by:
Oliver Dickinson
Fact checked by:
Alex Windsor
Updated:
June 13, 2024

PayNearMe Betting Sites

PayNearMe Betting Sites

PayNearMe is a cash-based payment service that allows funding online betting accounts at licensed online casinos and sportsbooks in the US. It is a hybrid payment company, combining digital and in-person payments.

Placing a PayNearMe deposit is a cakewalk. Ironically, it actually involves a short walk or drive to a nearby location. Choose one of our recommended sports betting sites that accept PayNearMe deposits. Open an account, select PayNearMe from the cashier and the sportsbook will generate a code slip. Once the code is ready, copy it or print it and visit an eligible store nearby to place your deposit.

I conducted this PayNearMe review jointly with a few colleagues to ensure all angles are covered. We’ll discuss the mechanics of using PayNearMe, any applicable fees you should know, and the main benefits and drawbacks.

How PayNearMe Online Betting Works in the US

PayNearMe is a major money transfer service for cash payments. Founded in 2009 and based in Santa Clara, CA, it is firmly established in the digital payment industry and employs over 250 people.

Using e-wallets or a credit or debit card requires sharing at least some payment details. With PayNearMe, you don’t need to disclose any details about your bank account. Rather, it allows you to make a cash deposit at a nearby store. If you want to make a payment to your online betting account, you must first register with a licensed sportsbook (see our list of suggested PayNearMe sportsbooks below) and generate a code.

PayNearMe launched its end-to-end payment platform, MoneyLine, in 2021. It is a B2B platform that can integrate popular payment methods such as Apple Pay, Venmo, and credit or debit card systems.

Online Betting Sites Accepting PayNearMe

BetMGM Sportsbook

4.6/5
  • Minimum deposit $10
  • Plenty of payment methods available
  • Well-designed Android & iOS app
  • In-Game wagering
  • Football live streaming is not available
  • Customer service contact has to go through FAQs
Up To $1,500 in Bonus Bets
Play Now

bet365 Sportsbook

4.5/5
  • Minimum Deposit $10
  • Huge welcome free bet
  • Big sport market coverage
  • Easy and fast banking options
  • Few promos for existing players
Bet $1 receive $365
Play Now

Betway Sportsbook

4.5/5
  • Minimum deposit $10
  • Huge market coverage
  • Minimal requirements to cash out welcome offer
  • Features all major betting options
  • Few promos for existing players
  • Not easy to navigate
Bonus Bet up to $250
Play Now

Caesars Sportsbook

4.4/5
  • Minimum deposit $10
  • Reliable and user-friendly app
  • Most lucrative first bet promotion in the market
  • Huge market depth and coverage
  • Best rewards program in the industry
  • Experience can vary per state
  • Frequently changing its features
$1,000 First Bet on Caesars
Play Now

PayNearMe may not seem like the most convenient deposit method to use at online gambling sites, but that depends. Those who don’t own a bank account or card or want to avoid sharing payment details will find it quite practical. PayNearMe is a solid option for funding your online sportsbook account if you’re based in a more urban area, considering a visit to a local store is a must.

Considering most retail stores that accept PayNearMe deposits are within walking distance or just a short drive away, PayNearMe is quite popular among the US betting audience.

Best PayNearMe online sportsbooks:

🥇bet365

Minimum deposit: $10

Minimum withdrawal: $10

Accepted Payment Methods: Visa, MasterCard, Discover, AmEx, PayNearMe, Skrill, PayPal, Apple Pay, Paysafecard, Cash at Cage

Bonus: Up to $1,000 in bonus bet if 1st bet loses

bet365 is a synonym for online sports betting. It covers well over 20 sports categories, including major and minor events in major sports, such as the NBA Finals in basketball or the Euro and Copa America in soccer. The market variety is colorful, offering odds for moneylines, totals, point spreads, and prop bets, to name a few options. Features like bet boosts and (partial) cash out, alongside a rich palette of promotions, add to the experience.

PayNearMe is one of multiple accepted payment methods. Other options include AmEx, PayPal, credit and debit cards, Skrill, and cash at a sportsbook/casino cage. The minimum PayNearMe deposit on bet365 is $10 – an amount suitable for recreational punters. To conduct PayNearMe transactions, open your profile and select Cash with PayNearMe. You will need to fill out a few required fields with a ZIP code and city or region to see the available stores nearby where you can complete your deposit via the generated barcode.

✅Pros

❌Cons

bet365 Sportsbook

4.5/5
  • Minimum Deposit $10
  • Huge welcome free bet
  • Big sport market coverage
  • Easy and fast banking options
  • Few promos for existing players
Bet $1 receive $365
Play Now

🥈Betway

Minimum deposit: $10

Minimum withdrawal: $10

Accepted Payment Methods: Credit/debit cards, PayPal, PayNearMe, Betway Pay+, Apple Pay, Venmo, VIP Preferred e-check, bank transfers

Bonus: Up to $250 in Bonus Bets

From hockey and table tennis to major leagues like the NFL, MLB, NBA, and NHL, Betway is a versatile PayNearMe sportsbook. Even though it is not a native US company, it offers competitive odds on all major US sporting events, such as the NBA playoffs and finals, US Open tournaments, and NFL championships. You can find odds for dozens of markets, including live odds, albeit a limited selection.

You can deposit at least $10 with PayNearMe or use an alternative method like Visa, MasterCard, Discover, Skrill, or Apple Pay, among others. Betway does not charge PayNearMe fees. Using PayNearMe on Betway is straightforward. You don’t need to provide any specifics other than location-related details to see available retail stores to finalize your deposit.

✅Pros

❌Cons

Betway Sportsbook

4.5/5
  • Minimum deposit $10
  • Huge market coverage
  • Minimal requirements to cash out welcome offer
  • Features all major betting options
  • Few promos for existing players
  • Not easy to navigate
Bonus Bet up to $250
Play Now

🥉BetMGM

Minimum deposit: $10

Minimum withdrawal: $20

Accepted Payment Methods: Credit and debit cards, Play+, PayNearMe, American Express, PayPal, Discover, Online Banking, BetMGM Gift Card, Apple Pay

Bonus: Up to $1,500 in bonus bets returned if the first bet loses

If you’re unfamiliar with BetMGM, you’re in for a treat. If you are, then you know about its user-oriented attitude. BetMGM provides thousands of odds daily for football, basketball, hockey, MMA, boxing, motorsports, rugby, and baseball. Features like the Easy Parlay and customizable bet slip are just a few examples of BetMGM’s diversified betting platform. There were only a few sports offers and bonus-like promos, which is atypical of BetMGM, a brand known for its rich bonus menu.

BetMGM is accepting payments with PayNearMe starting from $10. Open the BetMGM Cashier, select PayNearMe as your method of payment, and submit the amount you want to deposit. You will receive a PayCode via SMS or on your email address. All you have to do is go to an eligible store to complete your deposit.

✅Pros

❌Cons

BetMGM Sportsbook

4.6/5
  • Minimum deposit $10
  • Plenty of payment methods available
  • Well-designed Android & iOS app
  • In-Game wagering
  • Football live streaming is not available
  • Customer service contact has to go through FAQs
Up To $1,500 in Bonus Bets
Play Now

🎖️Caesars

Minimum deposit: $10

Minimum withdrawal: $1

Accepted Payment Methods: Visa, MasterCard, Discover, Venmo, PayPal, Apple Pay, Play+, VIP Preferred (ACH), PayNearMe

Bonus: Up to $1,000 back in bonus bets if first bet loses

Caesars Sportsbook, even in its online lobby, will make you feel indulged. Whether you want to bet recreationally or take bigger risks, it caters to every taste. The minimum amount for depositing, including with PayNearMe, is the industry average of $10; however, withdrawals, unless specified otherwise, are surprisingly low at $1 and, more importantly, fee-free. The Caesars Rewards program will award different benefits for your betting activity. Future bets, live bets, parlays, same-game parlays, props, and other betting options are available for NBA, NFL, NHL, MLS, MLB, boxing, motorsports, golf, darts, and more.

You cannot make PayNearMe withdrawals at Caesars. Only deposits are supported. Another caveat is the restriction on PayNearMe in Ohio. Other than that, Caesars Sportsbook’s policy surrounding PayNearMe is straightforward. The operator will generate a code, which you can have in paper form or in digital format, and you need to have it scanned by a relevant retailer.

✅Pros

❌Cons

Caesars Sportsbook

4.4/5
  • Minimum deposit $10
  • Reliable and user-friendly app
  • Most lucrative first bet promotion in the market
  • Huge market depth and coverage
  • Best rewards program in the industry
  • Experience can vary per state
  • Frequently changing its features
$1,000 First Bet on Caesars
Play Now

🏅Borgata

Minimum deposit: $25

Minimum withdrawal: $10

Accepted Payment Methods: MasterCard, Visa, PayPal, Apple Pay, PayNearMe, Borgata Cage, Borgata Play Plus, Discover, Bank Wire Transfer, Skrill

Bonus: Up to $100 in bonus bets when you bet at least $20

Borgata is an established gaming provider and certainly among the top five online bookmakers in the US, although it’s overshadowed by major brands. However, Borgata’s online sportsbook is affiliated with BetMGM and is part of the MGM Rewards program. In my opinion, the choice of sports betting markets and the quality of the betting experience are on par with BetMGM, one of the leading online sportsbooks in the US.

Despite the evident lack of promotions, the online book is almost a mirror image of BetMGM’s, offering the same level of diversity in terms of sports, features, and betting markets.One feature Borgata has in common with the rest of the PayNearMe betting sites above is that it has no restrictions on PayNearMe deposits. A deposit with this method can make you eligible for any ongoing bonus. Another thing worth noting is that the minimum PayNearMe deposit is $25.

✅Pros

❌Cons

Why We Selected These PayNearMe Betting Sites

Every review involves a lot of detailed work. In this case, we focused on PayNearMe betting sites and evaluated each sportsbook’s operation generally, but with PayNearMe as our focal point. Sportsbooks that didn’t support this service were eliminated. Putting aside evaluation points directly related to PayNearMe, we checked the following segments to establish a general rating.

How to Deposit with PayNearMe at Online Betting Sites

It’s a heartening thought to know you don’t need to create or verify any PayNearMe account before you can make a deposit at your betting site. You simply select PayNearMe from the list of available payment options and generate a code. Here’s a step-by-step on depositing at a PayNearMe betting app.

  1. Compare multiple betting sites that offer PayNearMe from our list and select the desired one.
  2. Double-check to ensure there are no location-based or other restrictions on PayNearMe.
  3. Sign up and verify your new betting account.
  4. Open the cashier and tap the PayNearMe icon from the list of banking options.
  5. Generate a barcode via SMS or email.
  6. See the list of stores nearby that accept PayNearMe deposits.
  7. Provide the barcode to the relevant store clerk to have it scanned and to confirm your deposit.

PayNearMe Minimum and Maximum Deposit Limits

The average base deposit with PayNearMe at most of the betting sites we listed is $10. This amount also applies to methods like Visa or a MasterCard debit or credit card, electronic transfer methods, and direct bank transfers.

However, sportsbooks set the payment limits at their own discretion. To that effect, some betting sites, like Borgata ($25), may have higher limits for PayNearMe. On the other hand, PayNearMe’s maximum limits are set low, usually between $500 and $999 per transaction or daily and up to $30,000 monthly or within 30 days.

How to Withdraw From PayNearMe Betting Sites

PayNearMe started as a deposit-only service. However, the company recently partnered with a fintech company named Pin4, which is integrated into PayNearMe’s MoneyLine platform. Thanks to this merger, PayNearMe allows sports bettors and other players to withdraw winnings at the nearest ATM or a third-party service like PayPal or Venmo or directly through a bank account. These are the steps for withdrawing winnings:

  1. Log into your betting account and open the Cashier.
  2. Provide your phone number and enter the desired withdrawal amount.
  3. You’ll receive an SMS message with the withdrawal amount, a 4-digit order number, and the withdrawal timeframe.
  4. A second message will point out participating ATMs nearby where you can withdraw your funds.
  5. Reach the ATM and use the 4-digit code to approve the payout.

Note: Before you request a cash-out see the minimum withdrawal amount and make sure you have no uncleared bonuses and bonus wagering requirements. Only members with verified betting accounts can request a withdrawal (applies to any payment method).

Withdrawal Processing Times

If you want to withdraw at the nearest ATM, the withdrawal time, logically, depends on how fast you reach the ATM. Once you receive the two messages from the betting provider, you can find an eligible ATM in the area and instantly withdraw your winnings.

Alternatively, thanks to PayNearMe’s MoneyLine platform, some sportsbooks that accept PayPal, Bank Transfer, or Push to Debit cards can process your withdrawal. Venmo and Cash at Cage will soon be added to this list. This upgrade to integrable payout solutions will indulge thousands of unsatisfied bettors complaining about PayNearMe’s lack of withdrawal options.

Depending on which of the aforementioned services is supported, the withdrawal time can vary. However, the average processing time is usually 24 hours, though it can extend to a few days if you withdraw directly to your bank account.

Fees and Charges when Betting with PayNearMe

Unless you’re using PayNearMe Express, which comes with a $3.99 payment charge, you will be spared from any high fees and charges. PayNearMe has no hidden fees and is transparent about any extra service payments you have to complete. If you’re using PayNearMe for standard payments, you will likely have to pay a $1.99 payment processing fee. Alongside this service fee, you should also be wary of any payout fees when withdrawing through an ATM.

As far as PayNearMe betting sites are concerned, there are no fees or hidden payments. None of the suggested sportsbooks in this review charge internal fees when you use PayNearMe, or most of the other methods available.

Tips for Managing Your Bankroll at PayNearMe Betting Sites

Whether using PayNearMe or an alternative method, you must have a strategy for managing your bankroll effectively. Here are a few tips to give you an idea.

Pros and Cons of Using PayNearMe for Online Betting

We highlighted a few of PayNearMe’s benefits alongside a few noteworthy drawbacks to give you a general insight into this payment company.

✅Pros

❌Cons

Alternatives for Betting in the US

US sportsbooks that accept PayNearMe are usually affiliated with a long list of alternative money-transfer providers. If PayNearMe seems too inconvenient, we recommend one of the following:

FAQs

  • What are the Best Online Sportsbooks Accepting PayNearMe?
    Based on our assessment, BetMGM, Betway, bet365, Borgata, and Caesars are the top US betting operators accepting PayNearMe. Check the mini-reviews of each operator at the beginning of this guide to see how they compare.
  • Is PayNearMe Safe for Online Betting?
    Yes. You are not required to share financial details or card information. Deposits (and withdrawals via ATM) are completed in person, effectively eliminating any cybersecurity threat.
  • Which Stores Support PayNearMe Deposits?
    CVS Pharmacy, 7Eleven, and Family Dollar are a few popular outlets where you can complete your PayNearMe deposit. There are over 25,000 stores nationwide in the US that accept PaynearMe.
  • Can I Use PayNearMe to Withdraw Winnings?
    Some betting sites allow you to withdraw via PayNearMe by generating a 4-digit order number, which you can use at a participating ATM nearby. Other operators will process the withdrawal via Bank Transfer.
  • What is the Minimum Deposit at PayNearMe Sportsbooks?
    Typically, the minimum PayNearMe deposit is $10. However, some online sportsbooks tend to set a higher threshold of $20 or $25. Note that the minimum deposit for bonuses can differ from the sportsbook's average minimum deposit limit.
AUTHOR
Oliver Dickinson

A football fan through and through, Oliver is a valued writer and contributor at Minimum Deposit Betting Sites. He boasts over 7 years of experience writing reviews, predictions, and picks for a variety of US and Europe-based websites.