Fund vs Payment Labs

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The Payment Labs app lets you receive payments from organizations using the platform and pay fees to them. The app gives athletes, competitors, creators, contractors, vendors, and other individuals and businesses one place to complete account setup, manage payment and tax information, and track transactions. With the Payment Labs app, you can: - Receive prize money, competition winnings, earnings, contractor and vendor payments, and other payouts - Pay registration fees, entry fees, and other charges - Complete identity verification and submit required tax information - Add or update your preferred payment method - Track pending, completed, and returned payments - View your transaction history and available tax documents - Update your account information and payment details - Contact Payment Labs support Available payment methods, currencies, fees, and processing times vary by location and transaction type.