Mastercard Send MOBILE FINAL

Payouts to gig economy workerS

Freelancers and 1099 workers need near real-time access to payroll to alleviate cash flow issues.

Independent online retailers require direct deposit of funds from their sales in near real-time.

Payouts to online marketplace sellers

Insurance claimants need immediate financial assistance and often can’t wait for paper checks.

Distribution of insurance claims

In crisis situations, humanitarian organizations deliver much-needed funds, requiring access to the most efficient payment channels.

Distribution of humanitarian AId

Consumers view near real-time access to funds as essential when transferring money from person to person and account to account.

Real-time P2P and account-to-account transfers

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By leveraging Mastercard Send, the ride-share service implemented instant payouts. Billions of dollars were paid out, in near real-time, to hundreds of thousands of enrolled drivers, with the average driver using the service 7 times per month.

THE SITUATION

THE SOLUTION

Drivers for a popular ride-sharing app had to wait several days before payments arrived in their bank account – a significant issue when facing immediate expenses such as gas and parking. In this highly competitive industry, drivers will go with operators who address their payment timing concerns right away.

THE SOLUTION

THE SITUATION

Payouts to gig economy workers

THE SITUATION

THE SOLUTION

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Mastercard Send enables marketplace sellers to receive funds directly into their bank accounts via their debit card number – putting an end to the protracted “penny drop” process and the need to return to the site to confirm receipt.

THE SITUATION

THE SOLUTION

An online ticket resale site was paying its resellers via ACH, forcing resellers to locate bank routing information and go through a multiday set-up process demanding complicated inputs, a 2 to 3 day wait for micro-deposits, and the need to return to the site to confirm receipt.

THE SOLUTION

THE SITUATION

Payouts to online marketplace sellers

THE SITUATION

THE SOLUTION

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Through Mastercard Send, policyholders receive needed payment for approved claims directly into their bank accounts (via their debit cards), in near real-time, no matter where they are.

THE SITUATION

THE SOLUTION

Traditionally, an insurance provider issued physical checks to policyholders once a claim was approved – a time-consuming and inefficient process, especially in times of financial emergency, or when policyholders aren’t able to receive or deposit checks.

THE SOLUTION

THE SITUATION

Distribution of insurance claims

THE SITUATION

THE SOLUTION

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Because humanitarian agencies do not have the time or resources to proactively seek appropriate aid providers, they often negotiate post-disaster and resort to paper checks. Finding suitable partners can delay the organization’s ability to deliver timely, relevant, at-scale assistance.

THE SITUATION

THE SOLUTION

Using Mastercard Send, domestic humanitarian agencies can deliver funds quickly to those in need through payment cards.

THE SOLUTION

THE SITUATION

Distribution of humanitarian aid

THE SITUATION

THE SOLUTION

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Generally within seconds, Mastercard Send facilitates the transfer of cash balances and P2P payments to the consumer’s bank account via their debit card, making outdated registration and validation methods obsolete and improving the user experience.

THE SITUATION

THE SOLUTION

Historically, it would take 2 to 3 days for a P2P payment or cash balance transfer to be deposited into a bank account – and only after the consumer went through a multistep process of entering account information, providing routing numbers, and validating their credentials.

THE SOLUTION

THE SITUATION

Real-time P2P and account-to-account transfers

THE SITUATION

THE SOLUTION

See the solution