Administrative Burden
Too much time is wasted on manual data verification, payment processing, tax reporting, and payee support
The challenges behind prize money payouts
Organizers have to deal with complex payout structures, compliance risks, cross-border transfer delays, and high fees.
Payment Delays
Winners forced to wait months for their rewards experience unnecessary financial stress and frustration
Regulatory Complexity
Local and international regulations, tax requirements, and compliance frameworks drain company resources
Cross-Border Payment Cost
International payments eat into revenue with excessive fees, unfavourable exchange rates, and transaction delays
One-stop solution purpose-built for prize money payouts
Everything you need to manage prize payments and ensure players, teams, and staff worldwide are paid quickly and securely.
Make Payments Simple
Streamline complex payment structures including prize money distribution, appearance fees, and recurring compensation with automated workflows and batch processing for tournament payouts.
Global. Affordable. Fast.
Prize winners can choose their preferred payment method, track payments, access tax documents, and manage their personal data.
Payments Dashboard
Our platform adapts to regional regulations and simplifies taxes, KYC, and AML, minimizing compliance burden.
Compliance Management
Our platform adapts to regional regulations and simplifies taxes, KYC, and AML, minimizing compliance burden.
WHO IS IT FOR?
Payment Labs is built for sports organizations and events that need a reliable, scalable, and secure way to manage their prize money payouts as well as payments to contractors, staff, and vendors.
- Sports Leagues & Federations
- Tournament & Competition Organizers
- Event & Competition Platforms
- Hackathons, Startup Pitch Competitions, Dance Competitions, Professional Skills Competitions
- Esports & Gaming Leagues
OUR BENEFITS
Every step of prize money payouts simplified
Join organizations that automate all their competition payments with Payment Labs.
Are you struggling to get your prize money payout?
Why Payment Labs Is the #1 Solution for Prize Payouts
The prize winners at our Vegas Expo felt more secure using the Payment Labs platform, were happy with the speed of the payments, and told us using the platform was easy
Amy Kane
General Manager
Trusted by Industry Leaders
See how we can transform your prize money payout process.
Instant, Secure Payouts
Funds reach prize winners on time, with clear tracking, and complete fee transparency.
Regulatory Compliance
Meet regulatory standards while streamlining personal data verification, tax withholding, remittance, and reporting.
Scalable & Automated
Eliminate manual payment processes and free up your team's time for higher-impact tasks.
Payout method Choice
Pay winners and staff using their preferred payment method quickly and securely.
Transparent Fees
No hidden costs. Low, predictable pricing that works for organizations of all sizes.