A prize winner, a contractor, and a nonresident athlete can each face different tax paperwork. This guide covers what to submit before payment, which forms arrive afterward, when withholding applies, and how to avoid errors.
Payment Labs and Trolley both support global payouts, payee onboarding, tax handling, identity verification, and payment tracking. Trolley offers payouts through Trolley Pay and sells tax, verification, and accounting sync through separate add-ons. Payment Labs manages payins and payouts in one platform, with tax and compliance workflows, reconciliation, and direct
Learn how card payments move, which parties are involved, what fees apply, and what to consider when choosing a payment processing provider.
Payment Labs has launched a mobile app for iOS and Android, giving people and businesses a convenient way to manage payments to and from organizations using Payment Labs. The app is designed for athletes, competitors, creators, contractors, vendors, and others who receive payments from or pay fees to organizations using
Prize payout delays are not always caused by one bottleneck. Final results, tax and payment information, staff availability, finance backlogs, and funding can all hold up payouts. The fastest prize payment process starts before event day.
Learn where currency conversion occurs in international payments, how rates and total costs are determined, who absorbs FX exposure, and how to control costs, reconcile transactions, and evaluate providers.
Han Park is the founder and CEO of Payment Labs, a fintech company helping organizations across sports, esports, and the creator economy manage revenue collection, payee onboarding, compliance, and global payments across more than 180 countries. Before founding Payment Labs, Han spent more than two decades helping build ESL Gaming’
Learn to manage Forms 1099 and 1042-S across domestic and international payouts, from tax form collection and payment classification to withholding, filing deadlines, common errors, and IRS penalty risk.
SEPA standardizes how euro payments move across participating jurisdictions. This guide explains the main SEPA payment schemes, clearing and settlement, access models, indirect participation, and the operational limits businesses need to know.
Let’s say your organization pays hundreds of athletes, esports participants, creators, and contractors in the U.S. and abroad. Many of these payments are covered by Forms 1099-NEC and 1099-MISC and become reportable once they reach $2,000 during the calendar year. The right form depends on the payee,
Small gaps in onboarding, documentation, screening, or provider setup quickly turn into frozen accounts, delayed payouts, and audits. This guide covers key regulations, AML/KYC requirements, compliance workflows, frozen-account risks, and provider features to review before moving money at scale.
If you’re a streamer or pro gamer, you likely file your taxes as an independent contractor. If that is the case, there are tax deduction that you can make.