Whether the concert staff is waiting for compensation or the ticket vendors waiting for their payments, everyone wants to get paid quickly. However, it can be easier said than done, and can cause problems for consumers who rely on these payments as a major source of income.
Fortunately, PYMNTS research found that there has been a slight increase in the speed of gig payments in recent months.
In the latest version of Disupursements Tracker ™, PYMNTS takes a look at the most important developments in the space, including the latest innovations and innovations designed to provide consumers with their money more quickly.
Around the world of payments
A growing group of push-ups are listening to the workers' grievances loudly and clearly.
American Express, for the first time, debuted at American Express Goo. The new digital service aims to help medium and large companies deal with business expenses for temporary workers, employees and employees without corporate cards. According to a press release, the solution includes a virtual card that can be used over the Internet and over the phone, as well as an actual card that can be used for personal payments.
Meanwhile, Cashplus has unveiled a new payment API, which allows SMBs to make batch and simultaneous payments to vendors, enabling SMEs to start paying payroll, lending, accounting and other digital platforms at the same time One. The solution is, according to the company, particularly effective for SMEs in the gig economy.
Indian party workers are also getting a boost.
According to recent reports, Bonfleet is expanding its credit card offer after it first appeared to employees last year. The card allows specialists to pay without paying cash. The Bon card is provided through Bonfleet's cooperation with other non-bank financial companies that can provide credit to professionals, as well as in coordination with YES BANK and Federal Bank.
Bring security and control ticket sales
Many ticket sellers who use tickets on platforms such as StubHub rely on payments as a source of income. However, the lack of information on buyers can leave these ticket sellers waiting for payment, with the platform forced to cover the debt of untrustworthy buyers.
In the latest version of Disbursements Tracker ™, Stephen Gliken, CEO and co-founder of the project resale platform, explained how to leave attendees, ticket vendors, places and artists in the dark when it comes to who they deal with. To risk and delay.
"There are a lot of problems with ticketing," Glenn said, adding that as many as 40 per cent of tickets sold for an event are sold in a secondary market. "What we're trying to do is connect some points in the industry, and join together [what is] A well-established and fragmented infrastructure. "
To read the full feature, download the Tracker.
About the Tracker
The Payments Tracker ™, Powered by Engo money, Is a go-to supplier to stay informed on a monthly basis on trends and changes in the digital space.