A federal judge’s recent approval of the House settlement allows universities to directly pay student-athletes for the first time. In a sign of the times, the Big 12 and Big Ten conferences announced multi-year agreements with PayPal to facilitate payments to student-athletes.

Under the new agreement, schools in both conferences will use PayPal to deliver secure and efficient payments directly to student-athletes, enabling immediate access to funds through PayPal and Venmo’s digital wallets.

PayPal and Venmo recently released statements announcing multi-year deals with two of the biggest conferences in college sports. The two money-sharing platforms have agreed to partner with the Big Ten and Big 12 as a conduit for disbursing revenue-sharing dollars to their student-athletes.