Last update on.From section Republic of Ireland
Both Katie McCabe and Seamus Coleman, Republic captains, were involved in talks that led to Monday's announcement.
With immediate effect, the men's and ladies' teams of Republic of Ireland will be eligible for international duty match fees.
After talks with Seamus Coleman and Katie McCabe, the Football Association of Ireland (FAI), said that the "historic" decision was made.
The Republic men's fees for the Republic will be decreased with the FAI matching this contribution to level out the match payments.
McCabe, women's captain, said that "this is a great day in Irish football."
We have made a significant step forward and shown the world how unity can achieve great things.
"I am proud to be the Ireland captain. I have seen the hard work put in by many Irish players and the current team.
They are the true heroes of this story. They took a stand, and they handed the baton on to the next generation.
"Seamus Coleman, his senior men's team teammates deserve credit for being so brave and supportive of us on this matter." It's greatly appreciated."
2017: Republic women threaten strike
Four years ago, the Republic of Ireland women’s team threatened to strike as a protest against treatment by FAI. This led to a World Cup qualification being questioned.
In 2017, players complained about having to use public toilets to change their clothes on their way to matches. A representative of the players stated that they were being treated like "fifth-class people, the dirt on FAI's shoes".
Relations between the women's team and the football governing body have greatly improved since then. Monday's deal was brokered by Jonathan Hill, chief executive of FAI, and Ciaran Medlar, players' advisor.
McCabe said, "The relationship between FAI and senior women's football team is stronger than ever and we look forward in continuing to work together to improve Irish football for all who play our game, regardless their background or identity."
Coleman, the men's captain, stated that the "deal was the right one" for all who play international football for Ireland.
"We are thrilled as players to do our best to ensure that international female players are treated equally, fairly, and we remain fully dedicated to doing whatever it takes together," said the Everton full back.
FAI chief Hill described this announcement as "another significant milestone in the FAI’s own transformation journey".