Prize Payments to help DreamHack accelerate event payouts

Tournament organiser DreamHack has established a partnership with Prize Payments to speed up the payouts of event prize winnings.

DreamHack is trialling the platform through its Community Clash series of events.

DreamHack Prize Payments
Credit: DreamHack

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After giving Prize Payments’ platform a pilot run, DreamHack states that Community Clash competitors were paid – on average – within 72 hours. A release claims that the tournament organiser will be able to scale its online event operations by integrating the platform into its process.

Han Park, CEO of Prize Payments, spoke on the partnership: “Partnering with DreamHack is an exciting opportunity for Prize Payments to show how we can streamline the payment process for tournament organizers and their winners to create a healthier ecosystem for players of all levels.

“We’re proud to be working with a top esports tournament organizer like DreamHack who are creating opportunities for amateurs and aspiring pro gamers. By getting players paid out faster, it gives them a positive experience competing and allows them to continue growing within the esports community.”

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Prize Payments launched last August with the intention of streamlining the payment process in esports, reducing time and costs for event organisers. The platform was first put to the test in January with Ubisoft’s Rainbow Six Siege Nordic Championship.

Bas Bruinekool, VP of DreamHack North America, added: “The player experience is integral to DreamHack, and our new Community Clash tournaments were designed from the ground up to reward players for competing in their favorite games. Working with Prize Payments has allowed us to continue upholding our player first values right the way through awarding prize winnings, which previously was one of the most laborious and challenging of the esports experience.”

Esports Insider says: Prize Payments’ mission is a solid one, that’s for sure – especially in an industry where event winnings are occasionally not paid at all, never mind being late. It’s good to see DreamHack entrusting the platform and we expect to see it have an expanded presence within the organiser’s operations in the future.

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