Administrative Burden
Collecting information, managing payments, and providing support takes too much time
The Challenge of Prize Payments
Managing prize payments is challenging, with delays, compliance risks, and high fees. Tournament organizers and teams struggle with:
Payment Delays
Athletes waiting weeks or months for compensation creates unnecessary financial stress and relationship strain
Regulatory Complexity
Navigating ever-changing regulations, tax requirements, and compliance frameworks is difficult
Cross-Border Complications
International athletes face excessive fees, unfavorable exchange rates, and transaction delays
Prize Payment Platform
With Payment Labs, you can streamline your prize payments infrastructure - ensuring players, teams, and staff get paid quickly, securely, and in their preferred currency.
Make Payments Simple
Streamline complex payment structures including prize money distribution, appearance fees, and recurring compensation with automated workflows and batch processing for tournament payouts.
Global. Affordable. Fast.
Facilitate instant payments to student athletes worldwide (over 150 currencies and 180+countries) with optimized currency conversion and significantly reduced international transfer fees.
Prize Payments Dashboard
Provide esports athletes with a dedicated dashboard to select preferred payment methods, track payments, access tax documents, and manage their financial information securely.
Compliance Management
Our platform automatically applies the tax and regulatory requirements across all payment types and jurisdictions, minimizing compliance risk.
WHO IS IT FOR?
Payment Labs is designed for sports organizations, federations, and event organizers that need a reliable, scalable, and secure way to manage payments. Whether you're paying tournament winners, student athletes, or event staff, our solution is built for:
- Professional & Amateur Sports Leagues
- National and International Sports Federations
- Contests & Competitions
- Hackathons, Startup Pitch Competitions, Dance Competitions, Professional Skills Competitions
- Sporting Events Organizers & Operators
OUR BENEFITS
Maximize Your Team's Performance With Our App
Start your journey with Payment Labs – the reliable choice for prize payouts and revenue sharing.
Are you an athlete struggling to get paid?
Hear Why Payment Labs Is the #1 Solution
#1 Payout Solution for Prize Payments
The prize winners at our Vegas Expo felt more secure using the Payment Labs platform, were happy with the speed of the payments, and told us using the platform was easy
Amy Kane
General Manager
Trusted by Industry Leaders
Transform Your Prize Payment Operations
Instant, Secure Payouts
Ensure prize winners receive funds on time, every time in 150+ currencies across 180+ countries.
Compliance Built-In
Automate tax form collection, withholdings, and reporting to stay compliant with global regulations.
Scalable & Automated
Eliminate manual payment processes and free up your team's time for higher-impact tasks.
Athlete-Preferred Payment Methods
Pay via bank transfers, digital wallets, and prepaid cards to offer flexibility and convenience.
Transparent Fees
No hidden costs. Low, predictable pricing that works for organizations of all sizes.