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Deep Dive: How Outdated Marketplace Payments Lead To Freelancer Desertion

PYMNTS

One report found that 22 percent preferred to be paid via PayPal, and over 48 percent would like transfers via bank or automated clearing house (ACH). Building prosperous, trustworthy relationships with freelancers thus requires marketplaces to personalize their payment strategies for the gig workers with whom they wish to collaborate.

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Does The U.S. Faster Payment System Need A Federal Mandate?

PYMNTS

The value of the faster payments market is immense, as outlined by the first of two reports issued by the Task Force earlier this year. ACH payments were valued at $145.3 trillion and check payments were worth $26.8 The report , released in January, found the 2015 value of wire transfers was $1,200 trillion.