Grubhub CEO Matt Maloney (C) applauds after ringing the opening bell before the company's IPO on the floor of the New York Stock Exchange in New York April 4, 2014. Shares of GrubHub Inc, the biggest U.S. online food-delivery service, rose as much as 57 percent in its market debut as investors scrambled for a piece of the fast-growing consumer internet company. REUTERS/Lucas Jackson

Grubhub has been offering a new service in partnership with JPMorgan that allows their drivers to almost instantly cash out their earnings.
The service is similar to that offered by Grubhub competitors like Postmates, Door Dash and Uber Eats, but drivers get unlimited cash outs and, if they have a Chase account, avoid fees.
Before the food delivery companies started offering these types of services, gig-economy workers had to wait until their weekly payday to receive their earnings. Now, many drivers use a combination of the two options to have some spending money today and still receive a paycheck at the end of the week.
The service takes advantage of the real-time payments network that’s been developed over the last couple of years by the banking industry.
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With millions of Americans confined to their homes to wait out the coronavirus pandemic, food delivery services like Grubhub are filling the void in daily restaurant habits.

For the drivers who work for Grubhub, that means a boon in business and an opportunity to make some more money. But it’s not always so easy to quickly get those earnings into bank accounts gig-economy workers can use for …read more

Source:: Businessinsider – Technology

      

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