:max_bytes(150000):strip_icc()/GettyImages-2194467019-aa42466cb3824e23bcb64ab2d7b8e3db.jpg "Big Ten & Big 12: Athletes & PayPal Revenue Sharing")
Big Ten & Big 12: Athletes & PayPal Revenue Sharing
- Thousands of student-athletes in the Big Ten and Big 12 Conferences will soon receive revenue-sharing payments via PayPal, the company announced Thursday.
- The agreement allows athletes to receive payments directly to their PayPal accounts starting this summer.
- Venmo, a PayPal subsidiary, will sponsor the inaugural big Ten Rivalry Series, encompassing football, and men's and women's basketball.
Big Ten and Big 12 athletes are now set to receive revenue-sharing payments directly via PayPal. This groundbreaking partnership, unfolding after a pivotal legal settlement, signifies a new era of financial support for college athletes. Starting this summer, athletes will have direct access to funds through paypal, streamlining the compensation process. Venmo, a PayPal subsidiary, is also slated to broaden payment acceptance options across campuses. This means easier transactions for everything from textbooks to game tickets, enhancing the overall college athlete experience. This financial shift follows the Supreme Court’s ruling enabling athletes to receive payments for thier name, image, and likeness. News Directory 3 provides extensive coverage of this evolving landscape in collegiate athletics. Discover how these payment solutions will further reshape the world of college sports.
PayPal to Facilitate Payments to College Athletes in Big Ten, Big 12
Updated June 26, 2025
Thousands of student-athletes in the Big Ten and Big 12 Conferences will soon receive revenue-sharing payments via PayPal, the company announced Thursday. This move to provide college athlete compensation follows a recent court settlement that permits universities to directly pay their athletes.
The agreement allows athletes to receive payments directly to their PayPal accounts starting this summer. In addition, PayPal is set to become a preferred payment partner for tuition at select schools beginning in early 2026.
Venmo, a PayPal subsidiary, will sponsor the inaugural big Ten Rivalry Series, encompassing football, and men’s and women’s basketball. The partnership aims to broaden payment acceptance for on-campus spending, including bookstores, ticketing, concessions, and merchandise, enhancing the college athlete experience.
The new payment options for college athletes come after a settlement that allows universities to legally pay athletes directly. A 2021 Supreme Court ruling also allows college athletes to receive payments from third parties for their name, image, and likeness (NIL).
What’s next
Looking ahead, the integration of PayPal and Venmo aims to streamline financial transactions for student-athletes and enhance the overall campus experience, while PayPal navigates recent stock fluctuations.