Payment Labs - Welcome Letter and FAQ
Payment Labs - Welcome Letter and FAQ
The PDGA is excited to partner with Payment Labs. They specialize in fast and
secure payments, tax withholdings, and payouts to anyone, anywhere in the world.
This will streamline your payments and take the stress out of financial management,
so you can focus on excelling in the game you love.
Why Payment Labs?
They understand the unique needs of professional disc golfers and have designed
our platform to offer:
- Quick and Reliable Payments: Get paid on time, every time. Multiple payments options including ACH, Bank Transfers and pre-paid debit cards (fees may apply).
- Comprehensive Tax Reporting: Payment Labs will handle all necessary tax documentation to simplify your year-end filing.
- Global Flexibility: Whether you're competing locally or internationally, Payment Labs ensures seamless access to your funds.
- Secure Transactions: Your personal and financial information is safeguarded with the highest level of security.
Getting Started
Here’s how to activate your Payment Labs account and start benefiting from their
services:
- Activate Your Account: Check your inbox for an activation email with instructions to set up your profile.
- Verify Your Information: Ensure your payment and tax details are accurate to avoid any delays.
- Enjoy Stress-Free Finances: Receive payments directly to your account while we handle your tax reporting needs.
Payment Labs takes pride in paying out securely, compliantly, and fast.
This means that you will have to provide certain information about yourself. This
information will only be used for Payment Labs to pay you out without any problems
down the line for you, us, or your parents.
If you are under the age of 13, your legal guardian will have to fill in this information on your behalf.
Payment Labs will ask for the following information if you qualify for any prize
money:
- Photographic ID card – if necessary
- Relevant Banking Information – so that we can send you money via bank transfer
- Personal Information – name, address, contact information
- Tax Information – Tax ID number (i.e. social security for US persons). If you do not have a Tax ID number, please provide your government ID / passport number.
- All the information you provide will be stored safely and securely.
If you would like to learn more about what Payment Labs do to make sure your information is safe, visit
their Privacy Policy and Terms of Service linked below.
You may have to resubmit certain information if your account is not approved the
first time. If you have questions or need to reach Payment Labs, email
[email protected] with your name and what event you qualified for prize
money in with the Professional Disc Golf Association
Tax Reporting Made Easy
As part of their service, they’ll prepare and provide the necessary tax documents
(e.g., 1099 forms for U.S. players, 1042S forms for International Players) at the end of
the year. You can count on them to ensure compliance and reduce the hassle of
managing tax requirements.
When it comes to how much withholding to select, the PDGA strongly recommends
that you consult with your tax professional to determine which option is right for you.
If you have any questions or need assistance, their support team is here to help.
Reach out anytime at [email protected]
We are thrilled to join forces with Payment Labs. We’re honored to support your professional disc golf journey and help simplify your financial management.
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