Welcome to Payment Labs

Global Payments For Sports

Effortlessly managing cross-border payments with the ability to transact in 140+ currencies across 180 countries. Automating tax and financial regulations, Payment Labs empowers businesses to pay anyone, anywhere.

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Designed for Sports Events Like Yours

Efficiently and compliantly distribute prize money for immediate payouts anywhere in the world.

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Onboarding & Tax Collection

Simple and intuitive onboarding with personal, banking, and tax information collected, saving time and minimizing collection errors to make quicker payments.

Payout Options

Payment choice for athletes (bank transfers, digital wallets, prepaid cards, and more).

Batched Payments

Upload a batch of payments of up to 1000 payees with our easy-to-use platform.

Payee Support

Customer success professionals are available to answer any questions athletes may have.

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Payee Support for athletes

Payee support for all athletes, we handle all payment issues directly with the financial partners such as incomplete banking information, compliance checks or returned payments.

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Onboard Payees in minutes

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Scale Payments Without The Fees

Scaling without any additional cost. Don’t charge a fee on how many times a payment is created.

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How it works

Take the Guesswork Out of 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. Evolving tax compliance to meet your business needs.

  2. Reduce Operating Costs

    Increase efficiency and reduce operating 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%.

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Case Studies

Our customers and their experiences

    • Payout Success

      New electronic payout process replaces checks and a legacy payout process. 

    • 995 Athletes

      CSI made 1213 payments to 995 athletes. 

    • Features used

      Global Payments
      Prize Payments
    Cuesports
    Csi Corp Logo White Horiz 2line

    Payment Labs replaced CueSports International (CSI)’s manual payout process with an easy and automated one that delighted winners at the 2024 CueSports International Expo in Vegas.

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    • Payment Support

      Payment professionals onsite in Vegas to answer questions and quickly payout winners.

    • 48 Countries

      EVO made 514 payments in 33 currencies across 48 countries.

    • Features used

      Global Payments
      Prize Payments
    Evo23 Day3 220350 Stephanielindgren 5 Enhanced Nr Edit (1)
    Evo Gg

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

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    • 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
    Florian Olivo Mf23rf8xary Unsplash
    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, Payment Labs can make payments with the ability to transact in 140+ currencies across 180 countries, with a historical return rate of less than 1% on payments.

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.

Payment Labs does not currently offer a pay-in solution.

Most payments arrive within 48 hours

Our payment support team helps the payee correct any incorrect information so they can be paid as quickly as possible.

We collect personal, banking and tax information necessary to make compliant payments. Our Privacy Policy can be found here. 

Our Payment Labs Customer Support Team is available to answer any and all questions. 

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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.

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Learn From IndustryExperts and Pioneers.

Esports veterans, payment experts, and fintech innovators share insights on industry trends and best practices.