The Solution For NCAA Revenue Share Payments
The Payment Labs platform is made to solve the unique use case of paying student athletes, and is the best solution for NCAA revenue share payments.
Latest
How to Avoid IRS Penalties When Filing 1099s and 1042s for Your Business
Everything you need to know to understand 1099 and 1042 forms and their use cases.
Guide to 1099 Compliance for Work with Athletes, Agencies, and Collectives
Let’s say your organization pays hundreds of esports competition participants and contractors around the globe. This means you must file 1099 forms for all the non-employee people and organizations who get more than $600 in total from you during a year. 1099 noncompliance can cost your business significant penalties
Understanding Foreign Currency Exchange for Running an International Business
Understand what you need to know about foreign exchange (also known as FX, currency exchange, or forex) to run an international business and get the best rates possible.
How to Safely Accept and Make Transactions in the Current Payments Compliance Landscape
Here are the main regulations that govern payments, what they control, and who enforces them.
How Card Payments Work: Transaction Processing and Costs For Your Business
We review the participants of the card payment process, fees associated with different parts of the process, and what to consider when choosing a payment processing provider.
Understanding SEPA to Leverage Its Payments Infrastructure in Europe
SEPA is a set of regulatory standards and technical infrastructure that harmonizes the majority of euro-denominated debit and credit payments across participating countries.
Fedwire and CHIPS – All You Need to Know about Large Transactions in the US
Fedwire and CHIPS (Clearing House Interbank Payments System) are both cornerstone parts of the local payment rail system of the USA.
The Journey to Build the Payment Labs Platform: Interview With Ronak Desai, Co-Founder & CTO
What does it take to build a global payments platform from scratch with just a vision and an idea? How do you go about hiring a world-class product team?
IBAN Payments – One Payment Standard to Enter 87 Countries and Territories
The financial world strives for unification and standardization to handle enormous transaction volumes faster and with fewer mistakes.
Swift Payments vs Local Payment Systems – Cross-Border Transactions Choice Made Simple
It’s a good time to be in business if you need to make a lot of cross-border payments.
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.
Team
The Payment Labs Story: A More Efficient Way to Pay People
Han Park is an LA-based entrepreneur and investor tackling the global issue that paying people is harder than it should be.
Payments
What Is Swift – All You Need to Know about the Manhattan Project of Global Payments
For over 50 years now, one messaging network has dominated international payments. Swift opened its doors in 1973 and delivered the first message in 1977.
Payments
Understanding ACH | The Backbone of Electronic Payments
In the digital age, the way we handle money has evolved significantly. Gone are the days of paper checks and slow, manual processes.
International
Why Payment Labs is Best Suited to Make Payments to Brazil
If you have ever had to make a payment to individuals in Brazil, you might know that this is not an easy country to move money into.
Payments
Payment Labs Now Supports Prepaid Debit Cards
The Payment Labs solution now supports prepaid debit cards as a customer payout method. Different individuals may prefer various payment methods.
Compliance & Security
Unlocking Growth and Security: The Crucial Role of KYC/KYB in Modern Business Transactions
In today’s fast-paced and interconnected business landscape, making payments and conducting transactions with contractors and partners is more seamless than ever before.
International
What is a Payment Rail?
Oftentimes in banking, you will hear the phrase “payment rail,” and maybe you generally understand what it means in theory, but you may still have questions.
International
The Guide to Online Payment Security Methods
When managing payments, it’s essential to recognize the sensitivity of having access to a customer’s personal and banking information and how to secure the process.
Compliance & Security
What is an FBO Account?
In the ever-evolving landscape of financial technology, businesses, especially small and medium-sized enterprises (SMBs), are seeking efficient ways to make payments.
Compliance & Security
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.
Compliance & Security
Prize Payments Solves Complex Esports Prize Payments Problems
LOS ANGELES, Aug. 13, 2019 – Launching today, Prize Payments brings a streamlined, efficient and economical solution to the esports prize payment process.
Compliance & Security
Prize Payments announce Tom Clancy’s Rainbow Six® Siege Nordics Championship as first live payment
Los Angeles, CA, 14 January – Prize Payments today announced their first live payments for Ubisoft’s Tom Clancy’s Rainbow Six® Siege Nordics Championship.