Evgen Mekheda - Payment Labs | Simplified Global Payments

Compliance & Security

Prize promotions - legal classifications, taxes, payin, and payout infrastructure for lotteries, sweepstakes, and contests

Prize-based campaigns and games can fall under different legal and operational categories, including promotional campaigns and regulated gambling or lottery operations. Generally, a promotion is considered a lottery when it includes prizes, chance, and consideration (payment or another thing of value required for entry). Sweepstakes avoid lottery classification by offering

Payments

How to reconcile payments across multiple systems in sports, esports, and creator economy

Your dashboard shows strong sales, ticketing reports are up, sponsorship invoices are in, and payouts are scheduled. Then you open your bank accounts. Some payments haven’t landed yet. Others are affected by exchange rate fluctuations. A few don’t match anything in your system at all. Now you’re

Global Payments

Building a global creator payout system - reconciliation, taxes, compliance, and currency exchange at scale

Content creators, streamers, affiliates, and other digital earners are increasingly global. The self-employed creator market is projected to reach $500 billion by 2030. More than 200 million people worldwide identify as creators and for around 50 million, it’s a serious source of income. Paying them means moving money across

NIL

NIL and the right of publicity regulations - how to make compliant NIL payments across industries

The right of publicity is the umbrella term that covers one’s legal right to control the commercial use of their name, image, and likeness. The term NIL (Name, Image & Likeness), however, gained mainstream momentum in 2021 when the NCAA (the National Collegiate Athletic Association) reversed a longstanding policy

Payments

Fedwire and CHIPS – All You Need to Know about Large Transactions in the US

Fedwire and CHIPS (Clearing House Interbank Payments System) are both cornerstone parts of the local payment rail system of the USA.

How correspondent banking works and how to reduce cross-border payment costs

You send a wire transfer to a supplier. Your bank charges you a fee and estimates it will take three business days. The payment arrives late, and your supplier says they received less than you sent. This is a common experience with international transfers. But it’s not all up

Global Payments

How to receive an international payment if my bank isn't connected to SWIFT

Receiving international payments is straightforward when both the sender’s and your bank are connected to the SWIFT network, a global messaging system used by over 11,000 banks. However, many smaller banks, fintechs, and regional institutions operate outside this network, which can complicate cross-border transfers. If your bank isn’

How prize payments work and how to get them right - an organizer’s guide

Handling prize payments involves more than just calculating who won and how much. Organizers must distribute funds to multiple recipients across different jurisdictions, split prize money between team members, manage currency conversion rates, and comply with tax and regulatory obligations. They also have to meet participants’ expectations for accurate and

Payments

Guide to 1099 Compliance for Work with Athletes, Agencies, and Collectives

Let’s say your organization pays hundreds of esports competition participants and contractors around the globe. This means you must file 1099 forms for all the non-employee people and organizations who get more than $2000 in total from you during a year. 1099 noncompliance can cost your business significant penalties

Payments

Generic vs specialized payment infrastructure for global and non-standard business models

Payments feel like a solved problem until the needs of a business expose the limits of a payment provider. At that point, they stop being an invisible utility and start becoming an operational obstacle. As volume and complexity increase, teams are forced into manual workarounds, global payments get more expensive,

Global Payments

How to optimize fee collection for sports leagues and events

Fee collection and dues management present a unique set of challenges for sports clubs and leagues. Solutions for large-scale sports organizations are too expensive and complex. At the same time, manual tracking, chasing payments, and messy spreadsheets take up a disproportionate amount of time. This makes financial management, compliance, and

Compliance & Security

Payment fraud prevention, protection, and detection - all you need to know

Thousands of fraud prevention specialists are working long hours to stop financial crime, while fraudsters are putting in just as much or even more work into coming up with new strategies, upgrading hacking tools, and implementing new uses of AI to trick defences. Protecting a business from payment fraud is