Visa Canada, DoorDash deliver real-time payments via Stripe

Thursday 24 March 2022 12:28 CET | News

Visa has announced a new offering with logistics company DoorDash to enable faster payouts to eligible Dashers across Canada.

The new feature, called DoorDash Fast Pay, is facilitated by Stripe's Instant Payouts product, made available through Stripe’s financial institution partner and supported by Visa Direct, Visa's real-time push payments platform.

According to the press release, the number of Canadians participating in short-term contract work has steadily increased, with 1 in 10 Canadian adults identifying as an independent contractor. In fact, in Visa's survey of gig workers, 89% said they’re likely to sign up for real-time payments, and 66% said they would select gig companies who offer real-time payments instead of others.

To help ensure that Dashers can access their earnings, DoorDash is using Instant Payouts with Stripe Connect to handle the US and Canada payments, from facilitating them accept customer payments to directing funds to a Dasher’s debit cards or bank account. Stripe Connect helps businesses create a platform to facilitate purchases and payments between third-party buyers and sellers.

Now with this new integration with Visa Direct, Dashers who are Visa Debit cardholders will be able to access their earnings in real time, rather than waiting until the end of the week. Fast Pay has been available to Dashers in the US since 2018.

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Keywords: Stripe, Visa, DoorDash, delivery, ecommerce, retail, gig economy
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce