Welcome to Payment Labs

NIL Payouts Done Right

Payment Labs helps Collectives, Universities, Marketplaces, and Agencies to reduce the complexities of NIL payouts with the simplest, easy-to-use platform to pay NIL student-athletes and make sure there is the necessary tax and data privacy compliance.

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Designed To Solve Complex Problems

We simplify NIL operations with efficient athlete payments, bulk onboarding, automated tax forms, and athlete payment support

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Tax Compliance 

Tax information collected and withholding applied based on tax rules. No need to chase down W-9s and deal with incorrect bank information and returned payments. 

Data Privacy 

Access to sensitive data is restricted to limit compliance issues. A data breach is a huge risk and our platform insulates you from that risk. 

KYC/AML Verification 

Prevents money from going to flagged accounts and persons. Do you have an AML policy? No, then we can help you be compliant with financial regulations. 

Cross-Border Payments 

Make payments across all 50 states and globally through optimized financial routes. We enable your international student athletes to take advantage of NIL opportunities. 

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Scale Effortlessly Without Growing Costs

We don't charge excessive fees like others and have a less than 1% payment return rate.

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End-to-End Transaction Transparency

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White-Glove Payment Support

As a premium service, Payment Labs offers clients a payment platform complete with concierge-style service for payment support.

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How it works

Streamlining Global Payouts with Precision and Compliance

Payment Labs redefines cross-border transactions, offering a seamless solution for businesses to execute payments worldwide.

  1. Turnkey Taxes and Reporting 

    Automated W8 and W9 form collection, in addition to e-file ready EOY 1099 and 1042. We can collect W-9, W-8 BEN, and W-8BEN-E along with supporting 1099-NEC and 1042-S for end-of-year reporting.

  2. Reduce Operating Cost

    increase effciency and reduce costing costs as you scale.

Empowering Providers with Agile Solutions

Our cutting-edge technology enables quick and compliant transactions across borders with minimal payment returns of less than 1%.

Case Studies

Our customers and their experiences

    • Quick Payouts

      Compliant global gamer payouts distributed quick.

    • 725 Gamers 

      LiquidDogs made 1863 payments in 42 currencies across 58 countries. 

    • Features used

      Global Payments
      Prize Payments
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    Link → Liquiddogs

    Payment Labs simplifies payouts for major esports events with a platform crafted by gaming and esports veterans.

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    • Payout Triumph

      Hundreds of athletes seamlessly onboarded and rapidly paid.
    • 21 Countries 

      21 countries received payments and 12 currencies paid with cross-border compliance.
    • Features used

      Global Payments
      Prize Payments
    Photo by Tim Mossholder

    X Games athletes are able to get paid quickly and compliantly, no matter which country they are from.

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    • Simplified Payouts

      Automation of payout and tax form collection to scale up pickleball events.
    • 454 Athletes

      The Association of Pickleball players (APP) simplified it's payments and tax form collection process.
    • Features used

      Global Payments
      Prize Payments
    Photo by Ben Hershey

    454 athletes paid across 11 tournaments with 38 hours of average payment delivery time from onboarding to payment.

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    • Global Contractors

      Timely, Secure, and Compliant Payments to Contractors
    • 2-5x faster

      725 payments paid across 9 countries in 5 currencies.
    • Features used

      Global Payments
    Photo by Maddi Bazzocco

    MediaNug distributes 725 payments across 9 countries and 5 currencies with Fast Payments & Streamlined Tax Compliance in the Creator Economy.

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FAQ

Frequent questions and answers

Effortlessly managing cross-border payments in 140+ currencies across 180 countries with minimal returns of less than 1%.

Yes, Payment Labs provides KYC / AML verification that prevents payment transactions going to flagged accounts and persons including international sanctions.

Payment Labs only withholds and remits IRS taxes. Coming soon state or local taxes. Automated W8 and W9 form collection increases efficiency and reduces operating costs. 

Currently Payment Labs supports Finland and the US. Tax support for other countries is dependent on the customer and their use case.

At the end of the year, Payment Labs sends out the applicable tax forms, such as 1099-NEC, 1099-MISC, and 1042-S, automating the collection and reporting for customers.

Yes, Payment Labs offers various payout options including bank transfers, prepaid cards and more.

Payment Labs provides a simple and secure user interface and experience. All that is needed to onboard athletes is an email address, creating an easy process where payments are quickly made.

Personal information (including physical residence address), government tax or registration number, valid banking information, and in many cases, government issued photo ID for identity verification.

Yes, we enable your International student athletes to take advantage of NIL opportunities and you can make payments across all 50 states and globally. 

Yes, Payment Labs is proud to offer branded dashboards for each of our clients that reflect the brand identity of our clients.

No, Payment Labs allows you to fund in multiple different currencies, such as CAD, GBP, EUR, etc. if needed.

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Elevate Your Payments with a Trusted Partner

Leverage the Payment Labs platform to quickly make payouts and streamline tax reporting regulations. Eliminate time-consuming tasks and build your brand's credibility as financially trustworthy and reliable.