According to FIFA, every player at the Women's World Cup taking place next month will make at least $30,000, with the champions earning a staggering $270,000.
Despite the growth of women's football, female players have expressed worry that they don't make as much money as the men do.
The Women's World Cup in Australia and New Zealand begins on July 20 and players from the 32 participating teams are guaranteed at least $30,000, according to a statement from FIFA on Thursday, June 8.
Depending on how far teams advance in the competition, which ends on August 20, that sum rises.
FIFA reports that the average club pay for female football players is $14,000, which is significantly less than what their male colleagues make.
According to FIFA, three times as much money is being invested in women's football as there was at the Women's World Cup in France four years ago.
FIFA had "listened to the voice of the players," according to the international players' organization FIFPro, which applauded the decision.
According to FIFPro, "We have made progress toward greater gender equity in our game at its highest levels."
"This action leaves a legacy for the players of today and tomorrow," it says.