PayPal partners with Big Ten and Big 12 for student-athlete payments

PayPal has partnered with the Big Ten and Big 12 conferences to enable student-athletes to receive compensation through its platform, following a court settlement that allows schools to pay athletes. The initiative will start this summer, allowing quick and secure payments, and PayPal's Venmo will also expand its role in college sports for payments and merchandise. The deal marks a significant shift in college athletics, facilitating direct payments and new financial options for student-athletes.