Uber is testing a solution to pay drivers immediately
AP Photograph/Jeff Chiu
Uber is testing out a option to pay its drivers on the finish of each journey, somewhat than as soon as every week, which can hopefully assist them keep away from payday lending providers charging excessive charges, the AP reviews. As soon as signed up, drivers’ earnings can be despatched to an account from the web banking firm Gobank. They will not be charged any charges so long as they entry the account no less than as soon as each six months (although GoBank will cost $eight.ninety five a month if the cash sits any longer). This system will first launch in San Francisco and different cities, and it is also a direct response to an identical on the spot cost providing from Lyft (which requires drivers to deposit no less than $50, and expenses 50 cents for each transaction).
Up till now, Uber drivers who wanted to receives a commission shortly relied on providers like Clearbanc, which costs $2 a day to deposit cash into an account. That shortly provides up when you work a number of days every week.
GoBank and its mum or dad firm Inexperienced Dot, greatest recognized for pre-paid debit playing cards, say that they will be exploring comparable partnerships with different corporations if the Uber program is profitable. And given the quick rise of the on-demand financial system, there doubtless will probably be vital demand for staff to be paid extra shortly.