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INTRODUCING WALLET

Digital Banking Built
for Student-Athletes

One Destination for Payments

Teamworks Wallet, a digital banking solution, provides 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 or athletic department) pays a student-athlete an NIL payment or rev share dollars, 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 activate their account immediately:

  • 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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Financial Management

Wallet aids student-athletes financial readiness:

  • Automatically set aside a percentage of NIL payments in a tax savings account
  • Store funds in high-yield interest account, allowing student-athletes money to make money

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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.

Streamline revenue share payments to student-athletes as part of the comprehensive, end-to-end total athlete compensation process.


 


    

    
  


















































See Wallet's Impact























  

  


    

      

        

  

  

  


    

      

        
          
            PARTNER CASE STUDY
          
        

        

          
Blog-Header-3Teamworks Wallet Elevates Purdue’s NIL Landscape


Learn why Purdue became one of the first institutions to leverage the power of Teamworks Wallet to streamline NIL payments for student-athletes.

        

      


      

  
  	  
  	
		
	
	
    

  

  

  

  

    

  
    

  

  
    
  

  

  

  

  

  
    
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            SNEAK PEEK
          
        

        

          
Teamworks Wallet Revolutionizes NIL Payment Processing


Explore how Teamworks Wallet transforms digital banking and delivers value to student-athletes, administrators, collectives and businesses.

        

      


      

  
  	  
  	
		
	
	
    

  

  

  

  

    

  
    

  

  
    
  

  

  

  

  

  
    
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            INTRODUCING
          
        

        

          
Meet Teamworks GM, an Integrated Solution to Manage Athlete Earnings


Teamworks' latest innovation helps athletic departments strategically allocate their funds, including rev share, to attract and retain athletes.

        

      


      

  
  	  
  	
		
	
	
    

  

  

  

  

    

  
    

  

  
    
  

  

  

  

  

  
    
      LEARN MORE
    
  

  
    


    

  



          

          
        
      


    

  





























































  

  

  


    

    
Reserve Your Spot Now


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