The Gig Revolution
Gig workers are driving a new workforce revolution, accounting for $2.7 trillion in annual disbursement volume.
Why Does it Matter?
Only 17% of platforms are able to pay Gig workers when the work is done, but 84% said they’d do more gig work if they were paid faster.
How to Convert Your Company to a Prepaid Workforce
Create a custom prepaid card payroll solution that pays Gig workers as the job is done.
How Does it Work?
Support gig workers from both a disbursement and payment perspective, capturing inflows by partnering with digital platforms and push payments, and capturing outflows by partnering with prepaid issuers and PMs.
Disburse with Push Payments
Make Gig workers the boss of their time and money with push payments to any financial instrument: prepaid, debit, credit, bank account, etc.
What are Prepaid Debit Cards?
Prepaid debit cards are the ideal method of distributing the gig payments that your workers depend on. With prepaid debit cards, gig companies can confidently ensure a smooth payment process, while providing a convenient and secure platform for gig workers to manage their funds. Cheques are a relic best left in the past, with prepaid debit cards taking over the industry by simplifying the gig payment process.
Prepaid debit cards work just like a Visa or Mastercard debit card, but can be fully branded to match your pension fund’s custom colours and artwork. Gig payments can be loaded onto the cards each month with no unnecessary chequing or mailing fee, and the funds can easily be used at ATMs, retailers and the bank. Regain the control and confidence in the pension payment process by relying on prepaid debit cards that pave the way for a smoother and cheaper payment process.
“With prepaid debit cards, gig companies can confidently ensure a smooth payment process, while providing a convenient and secure platform for gig workers to manage their funds.“
Interested in Setting up a Real Time Payments Solution for Your Gig Workers?
Berkeley’s payments-as-a-service platform enables all of the financial services capabilities you need to issue cards, transfer funds, and load accounts – all in real-time.