Everything you need to know to manage payments in motorsports

Every motorsport has a unique set of rules dictating how the prize money is distributed and the payins are collected. The Indy 500 bases payouts on finishing position, bonuses, and special awards, Formula 1 has a points system, and NASCAR has implemented a sophisticated charter system that even includes the

Fintech startup Payment Labs raises $3.25 million seed round to power payments in sports, creator economy, esports, and more

Payment Labs raises $3.25M led by Aperture VC to scale its global payment platform for sports, esports & creators. Processes 150+ currencies across 180+ countries with built-in compliance. Clients include Microsoft, SEGA, X Games.

How to handle backup withholding for your payees to avoid an IRS audit

“1% of payees trigger IRS backup withholding. Payment Labs automates tax checks & filings so you avoid audits, fines & penalties.”

How to manage entry fees, prize payouts, and other payments for a fishing tournament

Easy payment and prize management for fishing tournaments with Payment Labs’ all-in-one solution.

Sports Industry Veteran Paul Brewer Joins Payment Labs

Payment Labs names sports industry veteran Paul Brewer as EVP of Sales & Sports Partnerships. The 20-year industry veteran from Rival and ESL will drive expansion of the fintech's automated payment platform for sports organizations navigating the evolving NIL landscape.

Live Support: Now also available via WhatsApp!

Payment Labs has transformed its customer support landscape with the introduction of Live Support via WhatsApp, bringing real-time assistance directly to users through Meta's familiar messaging platform.

Introducing Live Support via iMessage!

Payment Labs has transformed its customer support landscape with the introduction of Live Support via iMessage, bringing real-time assistance directly to payees through Apple's familiar messaging platform.

The New Era of College Athletics: Student Athletes' Buying Potential

The NCAA revenue sharing & NIL estimates for 2025 are staggering. Think about $1.6 billion suddenly flowing directly to student athletes.

Payment Labs Featured on The Daily CTO — The Power of Asking the Right Questions

Ronak Desai, CTO of Payment Labs, was interviewed by The Daily CTO on innovating in the payments industry.

Payment Labs Featured on Esports Insider: Esports Prize Pools Are They Declining, and Why Are There Payment Issues?

Han Park, CEO of Payment Labs, recently sat down with Esports Insider for an article and podcast on the topic of the esports payment dilemma.

How to Minimize KYC/KYB and AML Risks for 501(c)(3) and 501(c)(6) Nonprofits

In this article, we’ll focus on AML and KYC risks and advice for 501(c)(3) and 501(c)(6) nonprofits.

The Solution For NCAA Revenue Share Payments

The Payment Labs platform is made to solve the unique use case of paying student athletes, and is the best solution for NCAA revenue share payments.