I don’t have enough resources to compliantly and efficiently pay out all the NIL student athletes for various advertiser and donor campaigns.
Our current system is not scalable enough to pay out hundreds of NIL student athlete's on a recurring basis or ad hoc based on various advertiser and donor campaigns.
Our current payout platform does not easily gather the W-9s (and W-8 BEN for International students) from the NIL student athletes so we need to manually get the forms from students and it’s like herding cats.
We get a lot of returned payments because the student athlete inputted the wrong bank account information.
With our current platform and process, there's no tax withholding applied which leads to surprises for the students when there is tax due and they’ve already spent the money.
Our current payout partner does not offer enough premium, white glove support since we are such a small partner to them.
Our international student athletes unfortunately do not get to participate in NIL campaigns because we have no cost effective, compliant way to pay them.