Student-athletes in the Big Ten Conference and Big 12 Conference have a new way to receive their compensation, as the two college sports conferences entered into a partnership with PayPal and Venmo.
The agreement follows a recent court ruling in the House vs. NCAA settlement allowing colleges to pay student-athletes directly. Current NCAA athletes are eligible to receive up to $20.5 million from individual schools, while former collegiate athletes are eligible to receive up to $2.8 billion in compensation.
Big Ten and Big 12 universities will be able to send payments directly to students via PayPal, which in turn empowers them to take advantage of the payment company’s ecosystem to pay for their tuition, buy books from the university bookstore, and make purchases for extracurricular activities, such as tickets to a sporting event.
UNLOCK FULL ACCESS
Subscribe and get full access to the news, insights, and expertise that keep industry professionals ahead of the curve.
VIEW ALL SUBSCRIPTION OPTIONS
