A total amount of more than $5 million in esports prize money has reportedly been processed by this single end-to-end payment solution platform by Payment Labs, called Prize Payments.
Since its launch at the end of 2019, Prize Payments has issued this impressive figure in 38 different currencies to 1000 unique winners across the esports industry.
Payment Labs has also since managed to establish Prize Payments - its first product - as a leading payment solution that has paid out prize money to esports winners at more than 70 tournaments and events. From PUBG North America, to LiquidDogs and premier gaming lifestyle event DreamHack, major gaming companies all over are opting for Prize Payments thanks to its efficient methods of handling sensitive personal and financial info.
As you probably know, the esports industry - and the prize money that winners are awarded at major tournaments - is absolutely massive. Considering the total earnings raked in by 2918 players across 579 tournaments for Counter Strike: Global Offensive last year alone was $15,858,067, a secure and efficient payment issuing platform is vital.
