Sports payouts require tax handling, regulatory compliance, participant support, and often cross-border currency routing. With the wrong infrastructure, that means delays, expensive compliance mistakes, and staff chasing tax forms instead of running the event.
Payouts reach athletes fast, tax compliance runs in the background, and payment experts support your staff and payees 24/7.
One-click payment reconciliation from tournament software
Payee wallet on the web, iOS, and Android
Self-serve onboarding for athletes, contractors, and officials
Automated tax filing and regulatory compliance
Cross-border payouts in 150+ currencies with competitive rates
"Over 88% of payees told us that the new electronic payment process was easy. They were satisfied with the timeliness of the payments, felt more secure using the platform, and were overall satisfied. Additionally, the Payment Labs staff on-site were instrumental in our success."
One platform for payins, payouts, tax handling, and reconciliation. Your staff can focus on running the event, not payment admin.
Collect registration fees and complete payee onboarding before event day. Payment Labs runs KYC and AML checks, collects jurisdiction-specific tax forms from each payee, and keeps their data encrypted end to end.
Send individual, scheduled, or batch payouts directly to payee wallets, using the payment structures and tax categories your event requires. Track balances and transactions in the web platform.
Reconcile payments from your tournament software in one click. Payment Labs handles withholding, remittance, and reporting for the applicable jurisdiction, including Forms 1099 and 1042-S in the U.S.
Connect Payment Labs to your existing systems through integrations and the API. Pricing stays predictable, with competitive FX rates and no hidden fees or unexpected tier switches.
Athletes, officials, contractors, participants, and fans can access Payment Labs Wallet on the web or in the iOS and Android app to receive or make payments.
Payees sign up with an email, verify their identity, complete the required tax forms, such as Form W-9 or W-8BEN, and choose a payout method, with options including Venmo, ACH, wire transfers, cards, and local payment methods.
Wallet holders can see available and pending earnings, hold a balance, and check fees before withdrawing. Participants and fans can also add funds by card, Apple Pay, or Google Pay for entry fees, dues, and other purchases.
The wallet keeps payment history, downloadable receipts, and tax documents in one place. Users can also submit invoices for your team to review, approve, and pay.
Payment Labs support is available through the app, iMessage, WhatsApp, or email. Real people help resolve incomplete banking details, returned payments, and any other payment question.
