LeagueIQ provides tools that help commissioners organize league dues, prizes and payouts. LeagueIQ is not a bank, escrow provider or gambling operator.
Payment processing
!Attorney review required: Insert the confirmed payment processor(s) and applicable processor terms once contracts are finalized.
Card and bank information is handled by the third-party payment processor. LeagueIQ does not store card numbers or bank credentials.
Commissioner responsibilities
- Clearly disclose dues, deadlines and refund rules.
- Publish prize structure, eligibility and tie-breaker rules.
- Confirm winners and initiate payouts through the documented workflow.
- Comply with all applicable laws for the league's jurisdiction.
Refunds and payouts
Refunds and payouts depend on the payment processor's rules and available funds. LeagueIQ does not guarantee that any payment or payout will be accepted, processed or completed.
Real-money availability
!Attorney review required: State whether real-money payments and payouts are enabled at launch, and any regional restrictions. Do not enable real-money features until the feature flag, processor and legal review are complete.
Taxes
You are responsible for any taxes owed on winnings or league activity. The payment processor may collect tax information required by law.
Questions about this policy?
Contact our legal team at legal@leagueiq.ai