Koin Payments
Koin Payments is a Las Vegas-based digital payments platform founded in 2021 that delivers cashless wallet and bank-to-game funding solutions to U.S. casino operators, route operators, and on-property retailers, leveraging Euronet Worldwide infrastructure and Mastercard-issued cards.
- Company typePrivate
- Founded2021
- HeadquartersLas Vegas, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Koin Payments does
Koin Payments (legally Koin Mobile LLC) is a Las Vegas-based digital payments platform founded in 2021 by Gary Ellis and Gary Larkin that delivers cashless payment infrastructure to the regulated U.S. gaming and hospitality industry. The company serves casino operators, route operators, and on-property retailers through two core consumer-facing products: KoinLife, a full-featured mobile wallet (MyKoin) on iOS and Android that supports multiple funding sources (debit/credit cards, PayPal, Venmo, Google Pay, Apple Pay, bank transfers, cash at cage, and cash at participating retailers) and links to a Koin Mastercard Prepaid card issued by Sutton Bank and a Koin Mastercard Debit card issued by Pathward, N.A.; and Koin Direct, a no-app, bank-to-game funding rail that credits funds instantly into gameplay. Underlying payment processing is delivered via a long-term partnership with Euronet Worldwide, providing enterprise-grade rails without Koin having to build core processing in-house. Operator-facing modules (Koin for Casino Operators, Koin for Retailers) integrate with existing casino management systems to deliver cashless funding across slots, table games, and retail, while reducing merchant processing fees by up to 1% or more versus traditional payments and producing per-transaction player behavior data for operators.
Koin monetizes primarily through transaction and processing fees on the closed-loop gaming network and associated open-loop Mastercard spending, with additional economics from digital wallet services tied to the prepaid and debit card programs. Its go-to-market is sales-led and direct: a U.S. sales team targets casino operators and route operators, supported by on-property promotional events and PR in gaming trade media. As of the most recent disclosures, the company operates from a Las Vegas headquarters, holds a small but expanding named-customer base (Emerald Island Casino, Casino Pauma, ECL Gaming's route portfolio, and Baldini's Casino) across Nevada and California, and is led by a 12-person executive team. In May 2026, Koin unified its leadership structure with the closely related Marker Trax brand under shared executive oversight (Charlie Skinner as president of both, Gary Ellis as CEO), while keeping the brands and product lines (KoinLife, Koin Direct, Moolah Play, Moolah Play Digital) distinct and product-line focused.
Koin Payments firmographics
Firmographics- Name
- Koin Payments
- Legal name
- Koin Mobile LLC
- Website
- https://koinpayments.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Koin Payments is a Las Vegas-based digital payments platform founded in 2021 that delivers cashless wallet and bank-to-game funding solutions to U.S. casino operators, route operators, and on-property retailers, leveraging Euronet Worldwide infrastructure and Mastercard-issued cards.
- Ownership category
- akta.pro rank
Koin Payments industry classification
Industry- NAICS
- Gambling Industries (7132), Casinos (except Casino Hotels) (71321), Other Gambling Industries (713290)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- E-Wallets & Stored-Value Accounts for Gaming (MPAEALAD)
- akta.pro secondary industries
- ACH/Bank Transfer & Open Banking Payments (MPAEALAC), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)
Keywords
Where Koin Payments is headquartered
LocationHeadquarters
- HQ city
- Las Vegas
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Koin Payments business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure, Others
Revenue model
- Transaction and Processing Fees: Koin generates revenue through transaction fees and reduced merchant processing fees for cash-out activities. The platform saves operators on processing fees often up to 1% or more compared to traditional payments.
- Digital Wallet Services: The KoinLife app provides access to financial services including the Koin Mastercard Prepaid card issued by Sutton Bank and Koin Mastercard Debit card issued by Pathward N.A., both Member FDIC.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Operator Processing Fee Savings |
| Other | Pay-as-you-go | KoinLife Digital Wallet |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Koin Payments product offering
Product offeringCore offering
Koin Payments provides a digital cashless payment platform purpose-built for the gaming and hospitality industry. Its core offerings are KoinLife, a consumer mobile wallet (iOS/Android) for funding gameplay and retail purchases, and Koin Direct, an instant bank-to-game funding rail. The platform is sold to casino operators and route operators under transaction- and processing-fee arrangements, with consumer-side adoption driven through partner casino properties in Nevada and California.
Product overview
Koin Payments operates as a dual-product digital payments platform for the gaming and entertainment industry, consisting of KoinLife — a mobile wallet app — and Koin Direct — a no-app bank-to-game funding service. KoinLife serves as the primary consumer-facing product, while dedicated operator and retailer modules provide backend infrastructure and data insights for casino partners and retail merchants. The platform is not a bank but provides access to Koin Mastercard prepaid and debit cards issued by partner banks, and leverages Euronet Worldwide's payment technology infrastructure.
Differentiator
Problem solved
Functional benefit
Brands
- KoinLife: A full-featured mobile payment solution and digital wallet (MyKoin) for all entertainment needs, allowing users to play and pay across Koin-enabled properties or use it everywhere Mastercard is accepted.
- Koin Direct
- MyKoin
Quantifiable outcome
- Operators can save on processing fees often up to 1% or more compared to traditional payments
- +2 more outcomes
Companies that use Koin Payments
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
Koin Payments technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Koin Payments partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, flagship and minor.
- Marker TraxcoreIn May 2026, Marker Trax and Koin announced alignment of their organizations under a single, unified leadership structure with Charlie Skinner serving as president of both Marker Trax and Koin, and Gary Ellis continuing as CEO. This combined leadership structure is designed to accelerate growth and improve execution. Koin Life, Koin Direct, and Moolah Play support bricks-and-mortar opportunities while Moolah Play Digital focuses on online. Marker Trax is a cashless, digital alternative to casino markers, developed and patented by Gary Ellis in 2018.
- ECL Gaming (Eclipse Route Operations LLC)flagshipPartnership announced December 2025 to provide digital payment solutions for ECL Gaming's Las Vegas-based route and tavern gaming operations. ECL Gaming is the first route operator in Nevada to adopt a cashless digital payment solution. Through this partnership, ECL Gaming operates Jackpot Joanie's, Lucky 7's, Winchell's Pub & Grill, Bonanza Lounge, The Gin Mill, Golden West (Southern Nevada), and Bully's Sports Bars (Northern Nevada).
- Casino PaumaflagshipKoin's digital gaming technology deployment at Casino Pauma represents the first implementation in San Diego County. The property is owned and operated by the Pauma-Yuima Band of Mission Indians with over 800 slot machines and 12 table games.
- Emerald Island CasinoflagshipPartnership with Emerald Island Casino in the Water Street Entertainment District in downtown Henderson, Nevada. Multiple joint promotions conducted including St. Patrick's Day Party, Knight Up Party, and Sizzling Summer Promotion.
- Euronet Worldwide, Inc.coreKoin is a long-term partner of Euronet Worldwide, Inc., leveraging the resources of one of the world's leading providers of advanced payment technologies. Euronet provides the infrastructure for Koin's complete, fully integrated payment ecosystem.
- Sutton BankcoreThe Koin Mastercard Prepaid card is issued by Sutton Bank, Member FDIC, pursuant to a license by Mastercard International Incorporated.
- Pathward, N.A.coreThe Koin Bank account is a demand deposit account established by, and the Koin Mastercard Debit card is issued by Pathward N.A., Member FDIC, pursuant to a license by Mastercard International Incorporated.
- Baldini's CasinominorBaldini's Casino is featured as a partner property where Koin payment solutions are available.
Scale indicators4 records
Recent moves7 records
Expansion highlights6 records
Koin Payments competitors and assessment
Company assessmentDirect peers
- Sightline Payments: Direct competitor offering cashless digital payments and mobile wallet solutions (Play+, OMNI) for casino operators across the U.S. Most established pure-play in gaming cashless, serving major regional and tribal operators.
- Marker Trax: Now under shared leadership with Koin following the May 2026 alignment. Provides digital casino marker (credit) solutions; the most directly adjacent product offering to KoinLife and together they form an integrated stack.
- PayNearMe: Provides cash and digital payment processing for the gaming and iGaming industries, including funding and payout solutions at casinos and tribal properties. Direct competitor in casino cash-in/cash-out rails.
- VIP Preferred (Global Payments Gaming): Casino cash access and ATM/debit funding program widely deployed across U.S. casinos. Operates as part of Global Payments' gaming division; direct overlap in player funding and cashless onboarding flows.
Broad incumbents
- Everi Holdings: Public gaming technology provider offering financial equipment (ATM, cash access), casino management software, and increasingly cashless and digital wallet solutions. A much larger incumbent with installed casino-floor equipment and embedded operator relationships.
- IGT (International Game Technology): Large global gaming and lottery operator with cashless gaming solutions (e.g., IGT PlayDigital, Resort Wallet) integrated with their installed base of slot machines and casino systems. Significant competitor in enterprise cashless deployments.
- Konami Gaming: Major slot and casino systems provider offering its cashless product suite (SYNKROS Cashless, KONAMI Account Deposit Wagering) integrated into its installed EGM base. Competes for the same operator wallet/identity layer.
- Scientific Games: Diversified gaming and lottery technology provider with cashless and account-based wagering capabilities across its systems and games portfolio. Competes on integrated casino wallet and payments.
Emerging players
- Acres Manufacturing: Gaming technology company providing cashless, bonusing, and player engagement solutions integrated with casino management systems. Smaller and more focused than tier-1 incumbents, but increasingly competing for cashless wallet layer at tribal and regional operators.
- Trustly: Open banking / ACH payment network that powers instant bank-to-operator funding flows in U.S. online gaming and increasingly in regulated casino contexts. Functionally competes with Koin Direct's no-app bank-to-game proposition.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Koin Payments social profiles
Digital presenceKoin Payments financial estimates
Financial estimateRevenue estimate
Valuation estimate
Koin Payments leadership team
Management profileNumber of profiles
Koin Payments funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Koin Payments M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Koin Payments
What does Koin Payments do?
Koin Payments provides a digital cashless payment platform purpose-built for the gaming and hospitality industry. Its core offerings are KoinLife, a consumer mobile wallet (iOS/Android) for funding gameplay and retail purchases, and Koin Direct, an instant bank-to-game funding rail. The platform is sold to casino operators and route operators under transaction- and processing-fee arrangements, with consumer-side adoption driven through partner casino properties in Nevada and California.
Is Koin Payments a public or private company?
Koin Payments is a private company. It is currently operating.
When was Koin Payments founded?
Koin Payments was founded in 2021. It employs 51 to 100 people.
Where is Koin Payments based?
Koin Payments is headquartered in Las Vegas, United States, in the North America region.
How does Koin Payments make money?
Two revenue lines are on record. Transaction and Processing Fees are the primary driver. The others are digital Wallet Services.
Who are Koin Payments's main competitors?
Direct peers on record are Sightline Payments, Marker Trax, PayNearMe and VIP Preferred (Global Payments Gaming). Broad incumbents are Everi Holdings, IGT (International Game Technology), Konami Gaming and Scientific Games. Emerging players are Acres Manufacturing and Trustly.
Does Koin Payments have an API?
No public API is recorded for Koin Payments.
What industry is Koin Payments in?
Its primary akta.pro industry code is MPAEALAD, E-Wallets & Stored-Value Accounts for Gaming, with a secondary code of MPAEALAC, ACH/Bank Transfer & Open Banking Payments. Its NAICS code is 7132 and its SIC code is 6199.