Better Payment Solutions for the Gig Economy
October 1, 2020
1099 Workers, Independent Contractors, Wage Payouts, Reimbursements and More
Sarah Grotta of Mercator Advisory Group talks to Galileo’s Cole Wilkes on driving gig economy innovations with debit cards and digital payouts.
The gig economy is booming, driven by a host of factors and accelerated on many fronts by COVID-19. Income from part-time and 1099 work is increasingly important to sustain individuals and families, and to supplement incomes.
This is why better payout solutions are so important to the gig economy. Options that make gig workers wait weeks or even months to be paid are obsolete and disadvantage people who rely on this income.
In this Mercator Advisory Group podcast, Sarah Grotta, director, Debit Advisory Service, leads Cole Wilkes, general manager of Galileo Instant, in an exploration of alternatives to checks—and even ACH transfers—to speed payouts to gig workers using debit cards and the Galileo Instant digital banking solution.
Galileo Instant, recently recognized as Best New Product by Tearsheet, is a white-label debit card program that enables many types of businesses to create their own debit cards and pay gig workers quickly and without high overhead.
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