We get it. We trust our friends too. Unfortunately, we’ve heard the horror stories of friends losing the money, not paying up, but more so, not wanting to be responsible for the money. That’s where a trusted third-party service like SidePrize comes in.
We appreciate you asking! While we swallow all the costs associated with league collections, we take a $5 processing and services fee when withdrawing money from your side challenge account. Down the line, we will also be generating revenue through our direct partnerships with different fantasy providers.
Short Answer: Yes! Longer Answer: SidePrize is a payments company for legal wagers in skill-based competitions. Because season-long fantasy sports is considered a game of skill you are legally allowed to compete against others for money.
Of course! Safety is one of our biggest concerns. We ensure your funds are in a protected account separate from our business operating account.
There is no cost whatsoever to sign up for SidePrize. There is also no cost to use our league dues/collections and payout platform. The only fee you would incur is a $5 service and processing fee when withdrawing funds after placing Side Challenges.
Our core business is actually the in-season week-to-week action amongst friends, so handling league dues is just an entry point for us to get the entire league onto the SidePrize platform. Our hope is your league starts to adopt the SidePrize platform for raising the stakes via the side action. But if not, no problem. You reap the benefits of a completely free league collections platform.
We make life easier for the commish through collecting, tracking & disbursing
Everyone can keep up with the status of who has / hasn’t paid (less emails)
Email nag feature that allows you to stay on top of the laggards
Ability to place season-long & weekly challenges against anyone on any week
We have special promotions for adding money to your league to raise the stakes!
For any pre-season promotion, the money will be added at the end of the season when the winners are paid out. What will help streamline this process is if you add a note in the “Status of League Dues” section where you’d like the additional funds added.
All you need to do is head on over to the “Status of League Dues” page, and click on edit. From there you can select “Add Payout”. If the payout is custom please add it to the “Additional Details” box and you’ll be all set. **Please note, editing league dues is only available to the user who created the buy-in and only up until week 1 of the NFL season.
As of today SidePrize works with ESPN, Yahoo!, NFL.com, Reality Sports Online, My Fantasy League, and Head2Head Sports. If you don’t use one of these providers, unfortunately, you won’t be able to leverage SidePrize at this moment. But check back as we’ll be adding more providers shortly!
Of course! Go ahead and click on your name in the top right, and a drop down will appear. Click on “Add Team” and you’ll be able to add additional teams and leagues to your account.
The six items you need to sync your ESPN team are: League Name, Team Name, League ID, Team ID, etc (show screenshot)
Head to espn.com/fantasy
Click on your league on the left. Then select the “my team” tab.
From there take a look at the URL (screenshot) and use the two numbers pictured below as your league ID and team ID.
If you are looking to pay a league buy-in, please only do so by selecting the blue buttons that say, “Pay League Buy-In”. The “Total Balance” reference at the top correlates to the money in your account to place Side Challenges. To add funds to your SidePrize account for Side Challenges go ahead and select “Total Balance” and then select “Add Funds”. Throw in your credit card information, and you’re all set. Note: If you accidentally deposited money into your account that you’d like applied to your league dues, please reach out to us immediately and we’ll get it transferred over.
When logged into your account, select “Total Balance” and then “Add Funds”. Scroll to the bottom and you’ll see a box to add a promo code. Type in the promo code there and hit “Apply” (or you can just click here). You’re all set from there!
For us to keep the lights on, we have fees and other costs to pay. Some of these costs are even eaten on our end, others are passed through to you. We get fees can be a pain, but we want to make sure we can keep things running 24 hours a day, 7 days a week. Also worth noting, the withdrawal fee only applies to money for side challenges and not for league dues.