How to manage user deposits on website and escrow (for temporary (tournament) challenges)
Briefly

To implement a secure user money management system, ensure compliance with financial regulations and prioritize payment security. Use established payment gateways for handling deposits and withdrawals.
Consider integrating an escrow system to manage funds for ongoing matches, ensuring that money is only released to the winner post-verification.
Automate payouts and withdrawals to create a seamless user experience, while also maintaining a protocol for manual review in the case of discrepancies.
User data security is crucial; implement robust encryption and authentication methods to protect financial transactions and user accounts.
Read at SitePoint Forums | Web Development & Design Community
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