2008 Open Championship prize money is determined by a descending award. The Top amateur wins a Silver Medal and an invitation back, unless he turns Professional. The top prize includes a replica of the Claret Jug (Silver) and a cheque for $1,500,000, (that is USD). Second, or runner-up is awarded a Silver Plate and $620,000, (again USD). Finally, third place and ties wins a cheque for $580,000, (USD). I say ties because this years Open featured two at third, Greg Norman and Henrik Stenson. Greg Norman's performance is more than notable because he is 53 years old and has not played on the PGA tour in forever. He was actually using the Open to warm up for the Senior British Open next week! All prize money is awarded in British Pounds, I converted to USD.
To see a breakdown of the US PGA prize money, see the related link.
£750,000 or 1 million US
The Golfer receives the prize after the tournament ends.
Prize money if you are asking about a tournament, in regular play it is called the pot.
Typically a tournament that has guaranteed prize money states that there is a guaranteed prize pool and often go on to say how much. For example: Guaranteed prize pool of $250,000. This means no matter what they take in for buyins, this much will be reserved for the prize money. The rest will go to costs of hosting the tournament be online or in a casino.
Highest placing professional wins the amateurs prize money.
they already give it to you