The Payment Labs team is excited to share our latest Success Story with a great partner, X Games. Our 2-sided platform not only delivers exceptional value, ease of use, and service to payors but also faster, compliant payments to the athletes. Everybody wins.
X Games, the leader in action sports since 1995, needs significant tech infrastructure to disperse prize pools to their athletes from their major global events. Following years of relying on legacy systems for paying out these prize pools, X Games partnered with fintech startup Payment Labs to handle its prize money payouts to the winning athletes of their competitions. X Games needed a tool to send fast, compliant, transparent payments to athletes around the globe. Payment Labs delivered.
Payment Labs worked with the X Games to onboard hundreds of athletes from around the world onto its platform and seamlessly paid each contestant their competition earnings. Winning athletes were able to track their payments through Payment Labs’ proprietary platform. The Payment Labs customer success team effortlessly handled any payment complexities at rapid speed, reducing the time for the athletes to receive their prize winnings to a few days–or even hours–after finishing their competitions.