| Aspect |  |  |
|---|---|---|
| Primary workflows | Global payins, payouts, tax handling, and compliance | Accounts payable, accounts receivable, and spend management |
| Prize and award payouts | Purpose-built | Not purpose-built |
| Athlete and NIL payouts | Purpose-built | Not purpose-built |
| NCAA revenue sharing | Purpose-built | Not purpose-built |
| Royalty payouts | Purpose-built | Not purpose-built |
| Spend and expense management | No | Yes |
| Country coverage | 180+ | 130+ |
| Currency coverage | 150+ | 100+ |
| Payment methods | ACH, wires, local bank transfers, prepaid cards, credit and debit cards, gift cards, Venmo | 100+ |
| Invoice-based payments | Yes | Yes |
| W-9 collection and validation | Yes | Yes |
| W-8BEN/W-8BEN-E collection and validation | Yes | No |
| U.S. and foreign TIN validation | U.S. and foreign | U.S. only |
| Withholding and remittance | Yes | No |
| Year-end tax forms | 1099 and 1042-S | 1099 only |
| Multi-jurisdiction tax handling | Yes | No |
| On-site event support | Yes | No |
| Payee and staff support | 24/7 | Business hours |
| Support channels | iMessage, WhatsApp, Slack, email, Web app | Chat, phone, email |
Payment Labs helps organizations collect fees and pay users at scale. When a payment requires an invoice, the payee or payor can create it in Payment Labs. The invoice is then matched to the payment and synced to accounting software. Payment data can also be coded and tagged for accounting and ERP workflows, while onboarding, tax compliance, and support stay in the same platform.
Collect fees and pay athletes, prize winners, creators, contractors, and rights holders. Track incoming and outgoing payments by event, season, or program.
Automatically code and tag transactions for accounting and ERP workflows. Collect and validate tax forms and TINs, handle withholding, and generate 1099 and 1042-S forms.
Payees can use the web portal or mobile app to submit personal details, choose payment methods, and track payment status, backed by 24/7 support for both payees and staff.
See how sports, esports, and creator organizations use Payment Labs to onboard payees, make domestic and cross-border payments, automate tax handling, and simplify compliance.
Their platform's security, incomparable customer success team, and easy onboarding ensured we could focus on running an elite competition and not fret over payments. Working with Payment Labs helped us rest easy. Our athletes were able to get paid quickly and compliantly, no matter which country they are from.
Payment Labs has transformed our prize money payouts at the Arnold Sports Festival. The speed of the payouts is incredible. What used to take us months is now completed in record time. This platform has saved us time and hassle, even allowing us to automate our tax compliance.
"Payment Labs has made our payments to our contractors much simpler. They make sure everyone gets paid quickly. The customer service they offer is excellent. And they saved us during tax season. Payment Labs is a service we absolutely need."
