Courier network Postmates is the latest gig-economy company to sign on with Visa Direct, Visa Inc.’s real-time deposit service.
Postmates plans to use Visa Direct to give its on-demand workers the ability to instantly access their wages after completing a job, said Cecilia Frew, a VisaV, -1.90% senior vice president who heads North America push payments. Visa Direct enables real-time deposits into people’s bank accounts using the credit-card company’s rails. These are known as “push” payments, whereas traditional card swipes and dips are considered “pull” payments.
Postmates will charge workers 50 cents for each deposit.