Grubhub partners with PayPal, Visa to offer drivers flexible payments
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Grubhub, a food ordering and delivery marketplace, is teaming up with PayPal (NASDAQ:PYPL) and Visa (NYSE:V) to provide drivers with faster and more accessible payments.
Specifically, Grubhub through June is rolling out a new payout option dubbed Instant Cashout, which is enabled by Hyperwallet from PayPal (PYPL) and Visa Direct -- Visa's (V) real-time money movement network.

The payout feature comes via Direct to Debit, a payout management platform powered by Hyperwallet. Direct to Debit, which allows drivers to immediately access their earnings, uses Visa Direct to deposit payments to bank credit cards.
"Visa Direct is helping reshape money movement to provide workers with faster, digital access to the money they've earned," said Yanilsa Gonzalez-Ore, senior vice president, North America head of Visa Direct. 
Grubhub initially introduced Instant Cashout through its partnership with JPMorgan Chase (JPM) in 2019, enabling drivers to instantly cash out available earnings directly to their bank accounts.
In the beginning of June, PayPal let users send and receive bitcoin, ether, litecoin and bitcoin cash.