Administrative Burden
Too much time is wasted collecting payment data, managing transfers, handling tax forms, and supporting players
Get Rid Of Payment Headaches In Tournament Management
Most payment solutions will create more challenges than they will solve for a chess tournament
Slow Payouts
Players forced to wait months for their rewards face unnecessary financial stress and frustration
Complex Compliance
Local and international regulations, tax requirements, and compliance frameworks drain organization's resources
Cross-Border Complications
Cross-border payments eat into revenue with excessive fees, unfavourable exchange rates, and multiple middlemen
A Platform Designed to Bring Order to Chess Tournament Payouts
One-stop payment automation to take care of fees collection, prizes distribution, tax data, and compliance
Simplify Every Payment
Manage prizes, sponsorship payouts, and appearance fees with automated reconciliation and error-free batch processing.
Athlete Payment Dashboard
Prize money winners can select payment methods, track prize money, access tax documents, and manage their personal data.
Compliance Management
Our platform adapts to regional regulations and simplifies taxes, KYC, and AML, making compliance easier.
Global Payment Network
Fast payments in 180+ countries with optimized currency conversion and minimized international transfer fees.
WHO IS IT FOR?
Handle prize money, entry fees, and staff payouts – all in one platform. Payment Labs is built for chess competitions, leagues, and federations that need a reliable, flexible, and compliant way to manage domestic and cross-border payments:
- National & International Chess Federations
- Scholastic & University Leagues
- Community & Club Tournaments
- Online Chess Platforms
- Tournament Directors & Organizing Committees
OUR BENEFITS
Intelligent Automation for All Your Chess Tournament Payments
Join elite organizations that automate all their tournament payments with Payment Labs.
Are you an chess tournament participant struggling to get paid?
Trusted by Industry Leaders
Transform Your Chess Tournament Payment Management
Instant, Secure Payouts
Funds reach prize money winners on time, with clear tracking, and complete fee transparency.
Simplified Compliance
Simplify compliance and automate player identity checks, tax withholding, remittance, and reporting.
Scalable & Automated
Eliminate manual payment processes and free up your team's time for higher-impact tasks.
Flexible Payments
Make payments to players and staff reliably, securely, and via their preferred payment method.
Transparent Fees
No hidden costs or unexpected fees. Low, predictable pricing that works for organizations of all sizes.