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INTRODUCING WALLET

Digital Banking Built
for Student-Athletes

One Destination for Payments

Teamworks Wallet, a digital banking solution, provides collegiate athletic departments and student-athletes with a single account to receive, store, and spend their money.

 

The Benefit of Teamworks Wallet

For the Student-Athlete

  • Checkmark Collectives can instantly pay athletes with zero processing fees
  • Checkmark Automatically report transactions for compliance & taxes
  • Checkmark No minimum deposits or monthly fees
  • Checkmark Set aside a portion of NIL earnings into a tax account
  • Checkmark Simplifies and consolidates payments

For the Athletic Department 

  • Checkmark Enhanced student-athlete experience
  • Checkmark Increase recruiting and retention tool
  • Checkmark Easier payments = increased opportunities for NIL deals
  • Checkmark Eliminate reporting NIL disclosure discrepancies
  • Consolidate channels for sending payments to streamline reporting

For the Collective

  • Instantly pay athletes with zero processing fees
  • Transactions are automatically tracked, simplifying reporting
  • FDIC pass through insurance
  • Easily download statements and bank letters
  • Fund an account via check deposit or ACH
Support

Get Support from the Experts

Our team has extensive experience integrating TRAC with existing inventory operations and workflows, making set-up 100% hassle-free. Once up and running, our support team and your Customer Success Manager are available to help, answer questions, and share best practices.

Key Features of Wallet

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Quick and No-Fee NIL Payment Processing

When a Wallet account holder (i.e., Collective) pays a student-athlete through Influencer Exchange, the money is:

  • Immediately available in the student-athletes Wallet account
  • No payment processing fees incurred on the transfer of the money

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Easy & Fast Application Process

Student-athletes can start using Wallet in an instant:

  • Mobile-friendly application
  • Launched from within the Influencer app or Influencer Exchange platform
  • Most applications approved within 5 seconds
  • Available to all student-athletes, including international who have a US address

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Receive Payments

There are multiple ways to receive payments in Wallet:

  • Receive ACH to your account and routing number
  • Receive instant payments from other Wallet users
  • Deposit checks through mobile
  • Wallet sets aside NIL payments for taxes, aiding student-athletes' financial readiness.

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Spend with Ease

Once the funds hit the Wallet, spending is simple:

  • Pay with your virtual debit card connected to Apple Wallet
  • Get cash through our ATM network
  • Make purchases with a physical card provided by Teamworks Wallet

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Secure Spending

Financial services with peace of mind:

  • Easily log in with Influencer Exchange or Teamworks ID
  • Routing and account numbers are connected to an FDIC insured deposit account

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Integrations

Wallet exists within Teamworks Operating System for Sports™ and seamlessly integrates with products:

  • Influencer
  • Hub
  • General Manager (*New) 

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Maximize Your Student-Athletes' Wallet Share

Transaction, account, and processing fees eat away at your student-athletes' earnings. Teamworks Wallet provides a fee-free platform to ensure they get every cent they deserve. Use the calculator below to see how much money Wallet can put back into your student-athletes' pockets. 
 
 


		

	

	

		
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The Flow of NIL Funds Through Wallet


    

    
  

















    






  



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The Power of Integration


    

    
  































    






  



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  • Instant Payments: When a Wallet account holder pays a student-athlete through Influencer Exchange, the money is immediately available in the student-athlete's Wallet account⁠.
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  • No Processing Fees: Payments sent through Influencer Exchange to Wallet accounts have no payment processing fees⁠.
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  • Automatic Transaction Tracking: Transactions are automatically tracked, simplifying compliance reporting and tax documentation.
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Instant and fee-free payments directly from Teamworks GM to student-athletes with Wallet integration. 


    

    
  









































































  

  

  


    

    
Reserve Your Spot Now


Contact us if you are interested in discovering more about how Teamworks Wallet can impact your athletic department.