DreamHack Partner With Prize Payments to Accelerate Tournament Payouts

DreamHack’s Community Clash Tournaments to Pilot Prize Payments’ platform

STOCKHOLM — DreamHack, the premier gaming lifestyle festival, today announced a partnership with Prize Payments, the leading payment solution for esports and gaming, DreamHack.

 

DreamHack is using its new Community Clash events to pilot the Prize Payments platform for wider integration into their accounting workflow. With Prize Payments, Dreamhack Community Clash competitors were paid out within an average of 72 hours, resulting in a more engaging player experience.
 

“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,” said Bas Bruinekool, VP of DreamHack North America. “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.”

 

Due to an industry-wide shift from live events to online tournaments in esports amid the COVID-19 pandemic, there are a greater number of prize winners receiving smaller payments than would normally be awarded at live events. This means an increase in payment volume for tournament organizers, resulting in increased overhead from onboarding winners, collecting necessary tax forms, and processing payments. Prize Payments alleviates the added strain on tournament organizers by providing an efficient, compliant, and swift payments platform that streamlines the payment process and reduces the time it takes to transfer funds to players.
 

“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,” said Han Park, CEO of Prize Payments. “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.”

 

By utilizing Prize Payments, DreamHack is able to scale its online tournament operations without worrying about handling prize money, as well as streamline the payment process for their live events when they return.
 

PRIZE PAYMENTS MEDIA CONTACT:

Jessica Paek, Prize Payments

+1.949.554.5983 | jessica@prizepayments.com
 

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About Us

DreamHack is all about entertainment for the digital generation, and has become a global phenomenon as the premier gaming lifestyle destination. Millions of fans tune in to DreamHack broadcasts each year, and the 24 hour-a-day festival weekends feature everything gaming under one roof. Attendees experience professional esports tournaments, amateur and varsity gaming tournaments, world-famous bring-your-own-computer (BYOC) LAN party, cosplay championship, panels, art, activities, expo, screenings, live music and more. In 2020, DreamHack merged with ESL to create ESL Gaming, the world’s largest esports and gaming lifestyle company. The two organizations have been shaping the industry and leading esports and gaming innovation, across the most popular video games with numerous online and offline esports competitions and festivals. ESL Gaming is part of MTG, the leading international digital entertainment group. More information is available at dreamhack.com and about.eslgaming.com.

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DreamHack today announced a partnership with Prize Payments, the leading payment solution for esports and gaming. DreamHack is using its new Community Clash events to pilot the Prize Payments platform for wider integration into their accounting workflow. With Prize Payments, Dreamhack Community Clash competitors were paid out within an average of 72 hours, resulting in a more engaging player experience.
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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.
Bas Bruinekool, VP, DreamHack North America