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Payment Issues Take Center Stage In The Gig Economy

PYMNTS

It’s being treated as victory — perhaps a mild one, but still a win — for workers in the so-called gig economy : A recent ruling from the California Supreme Court makes it more difficult to classify people as independent contractors instead of employees. The stakes attached to the gig economy are getting higher. percent of the U.S.

Economy 44
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Payment Issues Take Center Stage in the Gig Economy

PYMNTS

It’s being treated as victory — perhaps a mild one, but still a win — for workers in the so-called gig economy : A recent ruling from the California Supreme Court makes it more difficult to classify people as independent contractors instead of employees. The stakes attached to the gig economy are getting higher. percent of the U.S.

Economy 40
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Instant options are becoming the top pick for ad hoc payments

Tearsheet

But, these spontaneous and irregular payments, while addressing immediate needs, can become a double-edged sword for enterprises as they introduce inconveniences to their usual invoicing and payroll processes. of the transaction total, thereby impacting payment issuing companies’ profit margins.

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QuickBooks Offers Direct Deposit for B2B Independent Contractors

PYMNTS

QuickBooks on Thursday (May 31) said it is now offering “Contractor Direct Deposit” as a new feature in QuickBooks Payroll. These are heady times for the gig economy, independent contractors and the legal and payment issues attached to those areas. In fact, 30 percent of U.S.

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Real-Time Payments Have Numerous Real-World Applications

PYMNTS

The gig economy’s functionality is tied to real-time payments. According to the Gig Economy Index , freelancers comprised 32.6 There are still barriers to seamless, real-time payments, though. percent of gig workers would leave freelance marketplaces over payment issues. percent of the U.S.

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For Beauty Professionals, Steady Cash Flow Is Always In Style

PYMNTS

The overwhelming majority of beauty professionals are self-employed, not on an establishment’s payroll. When it comes to managing their time and collecting payments, these workers are on their own. most of these professionals are contractors and not in a payroll system.

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Deep Dive: How Businesses Can Sidestep Cross-Border Payment Pain Points

PYMNTS

Work may be global, but payments are personal, and the divide between the two can cause frictions for freelancers who live and pay bills in one market but work for companies that operate and process payrolls in another. The cross-border payment problem .