Prize Payments is now Payment Labs!
Welcome to Payment Labs

Global Payment Solutions for a Connected World

Effortlessly managing cross-border payments with the ability to transact in 140+ currencies across 180 countries, with minimal returns of less than 1%. Automating tax and financial regulations, Payment Labs empowers businesses to pay anyone, anywhere.

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Transact Faster Than Ever

Payouts Problems Solved Forever.

Pay anyone, anywhere in the world quickly and compliantly with a click of a button and an email address. We take care of everything else.

Seamless and Intuitive
Set up a new payee in seconds. The onboarding process for payees is easy to understand and quick to complete. We handle all payment issues, including incomplete banking information, compliance checks, and returned payments.
Secure and Compliant.
Tax information collected and withholding applied based on tax rules. KYC/AML verification and data privacy compliance.
Fast Cross-Border Payments:
We can make automated payments in 140+ currencies across 180 countries with a minimum return of less than 1%.

Transact Faster Than Ever

Make Payouts Fasterand Simpler Than Before.

We are experts in the payout business and are prepared for any payout challenge that may arise, saving you valuable time and resources.

Cost Efficiency

Payment Labs enables organizations to optimize costs by automatically selecting the most cost-effective payment method for each transaction. This helps reduce fees and lowers the overall cost of making payments.

Streamlined Process

Payment Labs leverages optimized payment rails to ensure faster payment processing. This leads to quicker disbursal of funds to recipients, improving customer satisfaction and cash flow management.

Payment Choice

Different individuals may prefer various payment methods that include bank transfers, digital wallets, prepaid debit cards, and more. 

How it works

Streamlining Global Payouts with Precision and Compliance

Payment Labs redefines cross-border transactions, offering a seamless solution for businesses of any size to execute payments worldwide efficiently and compliantly.

  1. Risk Mitigation

    Payment Labs is equipped with risk assessment tools that help identify potential fraudulent transactions or compliance issues. This helps companies maintain security and regulatory compliance while making payments.

  2. Global Reach

    The Payment Labs platform offers access to a wide range of payment networks, including international options. This allows companies to expand their customer base globally and make cross-border payments efficiently.

Empowering Providers with Agile Solutions

Our cutting-edge technology enables quick and compliant transactions across borders with minimal payment returns of less than 1%.

Case Studies

Our customers and their experiences

    • Payout Success

      New electronic payout process replaces checks and a legacy payout process. 

    • 995 Athletes

      CSI made 1213 payments to 995 athletes. 

    • Features used

      Global Payments
      Prize Payments
    Csi Corp Logo White Horiz 2line

    Payment Labs replaced CueSports International (CSI)’s manual payout process with an easy and automated one that delighted winners at the 2024 CueSports International Expo in Vegas.

    Read case study

    • Payment Support

      Payment professionals onsite in Vegas to answer questions and quickly payout winners.
    • 48 Countries

      EVO made 514 payments in 33 currencies across 48 countries.
    • Features used

      Global Payments
      Prize Payments
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    Evo Gg

    Payment Labs simplifies payouts for major esports events with a platform crafted by gaming and esports veterans.

    Read case study

    • Quick Payouts

      Compliant global gamer payouts distributed quick.
    • 725 Gamers 

      LiquidDogs made 1863 payments in 42 currencies across 58 countries. 
    • Features used

      Global Payments
      Prize Payments
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    Link → Liquiddogs

    Payment Labs simplifies payouts for major esports events with a platform crafted by gaming and esports veterans.

    Read case study

    • Payout Triumph

      Hundreds of athletes seamlessly onboarded and rapidly paid.
    • 21 Countries 

      21 countries received payments and 12 currencies paid with cross-border compliance.
    • Features used

      Global Payments
      Prize Payments
    Photo by Tim Mossholder

    X Games athletes are able to get paid quickly and compliantly, no matter which country they are from.

    Read case study

    • Simplified Payouts

      Automation of payout and tax form collection to scale up pickleball events.
    • 454 Athletes

      The Association of Pickleball players (APP) simplified it's payments and tax form collection process.
    • Features used

      Global Payments
      Prize Payments
    Photo by Ben Hershey

    454 athletes paid across 11 tournaments with 38 hours of average payment delivery time from onboarding to payment.

    Read case study

    • Global Contractors

      Timely, Secure, and Compliant Payments to Contractors
    • 2-5x faster

      725 payments paid across 9 countries in 5 currencies.
    • Features used

      Global Payments
    Photo by Maddi Bazzocco

    MediaNug distributes 725 payments across 9 countries and 5 currencies with Fast Payments & Streamlined Tax Compliance in the Creator Economy.

    Read case study

Get started

Elevate Your Payments with a Trusted Partner

Leverage the Payment Labs platform to quickly make payouts and streamline tax reporting regulations. Eliminate time-consuming tasks and build your brand's credibility as financially trustworthy and reliable.