Every motorsport has a unique set of rules dictating how the prize money is distributed and the payins are collected. The Indy 500 bases payouts on finishing position, bonuses, and special awards, Formula 1 has a points system, and NASCAR has implemented a sophisticated charter system that even includes the
Payment Labs raises $3.25M led by Aperture VC to scale its global payment platform for sports, esports & creators. Processes 150+ currencies across 180+ countries with built-in compliance. Clients include Microsoft, SEGA, X Games.
“1% of payees trigger IRS backup withholding. Payment Labs automates tax checks & filings so you avoid audits, fines & penalties.”
Easy payment and prize management for fishing tournaments with Payment Labs’ all-in-one solution.
Payment Labs names sports industry veteran Paul Brewer as EVP of Sales & Sports Partnerships. The 20-year industry veteran from Rival and ESL will drive expansion of the fintech's automated payment platform for sports organizations navigating the evolving NIL landscape.
Payment Labs has transformed its customer support landscape with the introduction of Live Support via WhatsApp, bringing real-time assistance directly to users through Meta's familiar messaging platform.
Payment Labs has transformed its customer support landscape with the introduction of Live Support via iMessage, bringing real-time assistance directly to payees through Apple's familiar messaging platform.
The NCAA revenue sharing & NIL estimates for 2025 are staggering. Think about $1.6 billion suddenly flowing directly to student athletes.
Ronak Desai, CTO of Payment Labs, was interviewed by The Daily CTO on innovating in the payments industry.
Han Park, CEO of Payment Labs, recently sat down with Esports Insider for an article and podcast on the topic of the esports payment dilemma.
In this article, we’ll focus on AML and KYC risks and advice for 501(c)(3) and 501(c)(6) nonprofits.
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.
Taxes
Everything you need to know to understand 1099 and 1042 forms and their use cases.
Payments
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
Global Payments
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.
Payments
Here are the main regulations that govern payments, what they control, and who enforces them.
Payments
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.
Payments
SEPA is a set of regulatory standards and technical infrastructure that harmonizes the majority of euro-denominated debit and credit payments across participating countries.
Payments
Fedwire and CHIPS (Clearing House Interbank Payments System) are both cornerstone parts of the local payment rail system of the USA.
Team
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?
Digital Payments
The financial world strives for unification and standardization to handle enormous transaction volumes faster and with fewer mistakes.
Global Payments
It’s a good time to be in business if you need to make a lot of cross-border payments.
NIL
The landscape of college sports has changed significantly for student athletes: NCAA student athletes can now earn money on their NIL.
Team
Han Park is an LA-based entrepreneur and investor tackling the global issue that paying people is harder than it should be.