Oct 2019 – Now
Payment Labs - Make Global Payments Quickly and Compliantly
Our products streamline and simplify the payment process and remove the complexities around compliance. OUR PRODUCTS Change the game by taking the guesswork out of compliance and reduce the time needed to pay contest and tournament winners. OUR PRODUCTS Influencer Pay allows users to make low cost, mass payments to contractors while mainting tax and privacy compliance.
All things financial operations and finance
I got into contact with Prize Payments shortly after the official launch and got onboarded at the beginning of October 2019 as an intern.
Joining a small, seasoned team of esports entrepreneurs was an opportunity I couldn't pass on.
“If you're offered a seat on a rocket ship, don't ask what seat! Just get on.” – Sheryl Sandberg
With Prize Payments, the rocket ship metaphor is literal – the founders once considered to name the company RocketPay. 🚀
I've had the chance to work on all aspects of the business—from making sure that our partners are onboarded successfully and compliantly to building a pricing model for our upcoming product—and I've been fortunate enough to grow with the team.
↓ My thoughts on joining and more about what I do
Why I Chose Prize Payments
Written with Hung Pham. Hung is a CFA Level I candidate with a passion for third wave coffee, startups, and gaming. Esports breaks many barriers of entry which often prevent kids around the world from participating and enjoying traditional sports.
↓ In the news
Prize Payments aims to simplify esport tournament prizes
Prize Payments is launching a service to simplify the payment of cash prizes for esports tournament winners. This business opportunity exists because prize pools for esports are could surpass $300 million in 2019, but paying winners is harder than it should be, given the complicated rules for international payments and rules for fighting money laundering.
Prize Payments wants to reduce time and cost of doling out esports pools
With over $300 million up for grabs in esports tournaments this year alone, paying out this money is becoming a longer, more complicated process. Prize Payments is hoping to make things easier for both players and organizers, saving time and money.
Prize Payments completes first live prize money payments
Automated prize payment system Prize Payments has put itself to the test in a live competitive setting for the first time. Teams competing in the the Rainbow Six Siege Nordic Championship received prize payments within an average time frame of
Prize Payments to help DreamHack accelerate event payouts - Esports Insider
DreamHack is trialling the platform through its Community Clash series of events. RELATED: ESL, DreamHack sign Brazilian media rights deal with Omelete and Globo After giving Prize Payments' platform a pilot run, DreamHack states that Community Clash competitors were paid - on average - within 72 hours.