Work Market launches faster payments for freelancers

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Workplace automation company Work Market is rolling out new features to help 1,099 employees get paid faster and allow employers to pay those workers however they want.

In an announcement made today (February 7), Work Market revealed the launch of Fast Funds Mobile, a way for freelancers to get paid as soon as their work is done and as soon as their employer gives their approval. The feature allows these workers to access their funds through the Work Market mobile app, the company said.

Another feature being rolled out today is Work Market’s off-platform payments capability, which allows businesses to pay their freelancers using third-party payroll systems, including ADP, Paychex, and QuickBooks. Companies can pay their freelancers as soon as the job is done and select the payroll provider they want to use.

For businesses that have freelancers in other countries, Work Market’s off-platform payment feature allows them to pay these workers in their local currency, while keeping all payroll information on one platform.

Both services aim to help freelancers get paid faster, the company said, with one of the biggest challenges in the freelance segment being late payments.

“Business leaders are increasingly leveraging talent outside their walls to stay nimble enough to succeed in our digital world,” Stephen DeWitt, CEO of Work Market, said in a statement. “As the use of casual labor continues to grow, we have found that payment issues remain a major concern for businesses and workers. We pride ourselves on improving our product to meet the needs of modern businesses, such as the need for more flexible payment options for on-demand labor.

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On: Eighty percent of consumers want to use non-traditional payment options like self-service, but only 35 percent were able to use them for their most recent purchases. Today’s Self-Service Shopping Journey, a PYMNTS and Toshiba Collaboration, analyzes more than 2,500 responses to find out how merchants can address availability and perception issues to meet demand for self-service kiosks.


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