Insights and perspectives About NIL

Exploring topics, tips, and trends in the world of global and compliant payments.

  1. The Hidden Costs of Ignoring NIL Taxes

    The Hidden Costs of Ignoring NIL Taxes

    The landscape of college sports has changed significantly for student athletes: NCAA student athletes can now earn money on their NIL (Name, Image, and Likeness) as outdated rules that said that student athletes could not earn income while in college were eliminated. Whether you follow all of the congressional hearings… Read More

  2. Navigating the Complex World of Prize Pool Payouts

    Navigating the Complex World of Prize Pool Payouts

    In the fiercely competitive world of sports, athletes devote countless hours to perfecting their skills, dreaming of that moment of triumph on a global stage. Beyond the glory, the financial rewards of victory often hinge on seamless prize pool payouts. However, these payouts can pose formidable challenges, especially when international… Read More

  3. Team Paymentlabs

    New Taxes on Digital Transactions Show Why Compliance is King

    Digital wallet platforms have become ubiquitous over the last decade, even making their way into our everyday language. It’s not uncommon to overhear someone at a restaurant saying, “I’ll get the bill, just Venmo me your half.” The millions of businesses, individuals, and organizations that use these platforms to issue… Read More

  4. Amateur Athletes Enter the Marketplace

    Amateur Athletes Enter the Marketplace

    For decades, amateur athletes’ ability to profit off themselves was strictly prohibited. Maintaining your “amateur” status meant just that – no professionalized compensation whatsoever. In 2021, however, the NCAA implemented a policy change allowing student-athletes to earn money from their “NIL” (Name, Image, and Likeness). Since the policy shift, more… Read More

  5. What College Athletes Should Know About Taxes Related to NIL Payments

    What College Athletes Should Know About Taxes Related to NIL Payments

    Since July 1, 2021, college athletes have been legally allowed to earn NIL (name, image, and likeness) money. This significant change in NCAA policies has had a profound impact on college athletes. Prior to this, athletes were prohibited from profiting off their own NIL, limiting their earning potential. However, with… Read More