Bayern Munich will receive more than €3 million from UEFA for releasing their players for Euro 2012.
A total of 575 clubs will receive payments, with Real Madrid, Barcelona, Manchester City and Juventus all due to receive more than €2 million.
The compensation, which totalls €100 million, has been allocated in accordance with the renewed Memorandum of Understanding, signed by the European Club Association and UEFA in March.
Karl-Heinz Rummenigge, the CEO at Bayern and the ECA chairman, said: "The European Club Association is pleased that its contribution to the success of UEFA Euro 2012 has been recognised and justly rewarded by UEFA. This shows the excellent relationship that exists within the football family in Europe, as we work hand in hand to shape the future of our game."
The payments mark a significant increase on Euro 2008, when only 180 clubs received funds. It is intended that €150 million will be distributed at Euro 2016.
UEFA president Michel Platini added: "I am delighted that we are able to provide clubs with financial benefits from UEFA Euro 2012 to reward their contribution to the competition.
"We witnessed a truly fantastic UEFA European Football Championship final round this summer, and I am pleased that the clubs can now also be associated with the event."
The top five clubs to benefit are:
Bayern Munich (€3,095,393)
Real Madrid (€2,996,585)
Manchester City (€2,069,465) Juventus (€2,023,012)