Employers
Go digital: Attract top talent + lower absenteeism and admin costs
Experience that matters: Over 4,000 employers over the rapid! PayCard program as a paperless pay solution for their team. Now with rapid! OnDemand you can enable early access to accrued wages. Gain a competitive advantage and take your payouts to the next level with rapid! Disbursements:
- Provide a new benefit with employee access to accrued wages with rapid! OnDemand
- Provide an industry leading paycard solution for your company with rapid! PayCard
- Restaurant employers instant tip payout capability for ALL BANK ACCOUNTS
- Digital termination pay solution eliminates the hassle of cutting a check with rapid! Disbursements
EMPLOYERS CASE STUDY
Brand:
Nearly Famous, Inc.
Background:
Nearly Famous, Inc., a BURGER KING®
restaurant franchise located in the southeast
U.S., and was looking for a way to cut costs,
provide their staff with better pay options,
and eliminate payday headaches and
hassles.
Results:
- Achived 100% e-pay enrollment for ALL new and existing employees in just 3 months
- Completely eliminated slow and costly paper checks at ALL locations (3,000+ checks annually)
- Saved management hundreds of hours previously spent on payroll distribution
- Eliminated payday confusion and inconvenience; ultimately returning focus to serving customers
- Provided unbanked employees with a significant financial benefit
Gig economy
Attract top talent and motivate them to work harder
When it comes to gig work, your ability to assemble the best team possible and get quality work out of them is contingent upon your ability to provide compelling benefits. Those hiring 1099 contractors are now turning to their pay platform as a new way to differentiate from other employers and bring value to their workforce. rapid!’s ecosystem offers everything you could possibly need in a pay solution including the ability to open a GoBank checking account directly from the platform or receiving pay instantly on any debit card issued by any bank.
- 81% of gig workers say they’d do more gig work if they were paid faster 1
1 Gig Economy Index, PYMNTS.com, February 2017
GIG ECONOMY CASE STUDY
Brand:
Uber
Background:
Since March 2016, Uber has used Instant Pay, powered by the rapid! platform, to make
on-demand payouts to driver partners in the
U.S.
Results:
- Cashed out billions to Uber driver partners
- Millions of Instant Pay transactions have been processed
- Uber driver partners love the service with about 80% being extremely satisfied
- Driver partners that use Instant Pay are far more engaged and loyal
- Crucial in the recruitment of new driver partners
Insurance disbursements
Pay claimants in less time than it took to file the claim.
Ditch the slow and costly world of paper checks and move to a more modern, on-demand payout process with rapid!. With convenient features like payment tracking available, you’ll be able to see exactly what’s going on with each individual claim. Additionally, our range of payout options help lower the amount of fraudulent checks received and offers flexibility that’s sure to increase overall customer satisfaction.
Loan disbursements
Attract new borrowers with our streamlined lending
process.
When it comes to lending, time is money. Borrowers expect their funds ASAP and the timeliness of your payouts directly impact customer satisfaction. Keep your customers happy and coming back for more by offering a range of payout options from instant, on-demand payouts to funding loans on a card. With rapid!, not only can you shorten the loan cycle, you can even explore new revenue generating opportunities thanks to our vast range of payout options.
Legal settlements
Go digital and streamline your settlements.
Legal settlements often require a certain level of organization and attention to detail to keep things moving. Let rapid! streamline your settlement process with our robust pay platform complete with a range of immediate payout options and full tracking capabilities. Improve settlement rates and reduce fraud by moving away from slow and costly checks to offering more instant and on-demand payout options. Track claims from start to finish with features to help take care of the administrative work for you—like presenting any necessary disclosures up front. With rapid!, it’s easy to pinpoint exactly where in the settlement process a claim is or if the claim has already been satisfied.
Marketplaces and B2B services
Happier sellers have speedier payouts.
No matter the marketplace, we make it easy for sellers of all types to get paid ASAP. rapid! levels the playing field allowing smaller businesses to scale their payout offerings and compete with much larger and more established organizations. When sellers are paid ASAP, they’re not only more willing to stick with your marketplace, they’re genuinely happier and more willing to put in the extra effort to close each and every single sale.