Fintech & Ecommerce

Grubhub presented a solution for income tracking

The new payout option, enabled by Hyperwallet from Paypal and Visa Direct.

Grubhub presented a solution for income tracking. Source: pexels.com

Food delivery service Grubhub partnered with PayPal and Visa to add an Instant Cashout via Direct to Debit function,allowing drivers to track their income.

The new feature will allow drivers who are holders of eligible bank cards to deposit all their earnings on the card.

Direct to Debit is powered by a payout management platform by PayPal – Hyperwallet. This platform uses Visa Direct to deposit those payments to bank debit cards.

PayPal and Grubhub have nurtured a very strong relationship over the last 10 years that has resulted in millions of customers opting to use PayPal or Venmo at checkout. Currently more than 95% of Grubhub transactions are processed by our enterprise offering Braintree, which includes added benefits such as high authorization rates and low risk losses. The addition of payouts through Hyperwallet is a natural extension of our work together, and we are excited to help drivers access their funds more quickly and efficiently.
Cindy Turner, vice president of large enterprise product and growth at PayPal

Grubhub’s transactions are operated via the corporate app Braintree. Moreover, this month will be available the instant cash withdrawal via Direct to debit for drivers.

We`ve reported that Edge announced the launch of Mastercard crypto-backed card

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