What if you could turn every day into a salary? Well a business leaves you
Imagine if you could do an extra hour of work and then immediately get the money.
If you could finish your morning, get paid over lunch, then come back for the afternoon.
Well, that’s exactly what a company just let their employees do – go from bi-weekly wages to letting people “cash in” at the push of a button.
The new functionality is designed to help staff ‘manage their finances and access money in an emergency’, food delivery company Deliveroo Explain.
“Whether it’s a student needing extra money before their loan arrives, someone with a part-time job needing the money to tie them up until they arrive. from their payslip or a parent needing funds to pay an unexpected household bill, Cash Out will ensure the charges are in their bank account when they need them most, ”Deliveroo said.
Dan Warned, Managing Director of Deliveroo UK & Ireland, said: “This is great news for cyclists who need instant access to their income for whatever reason.
But will it actually help in the real world, or could it just lead to more problems? We decided to find out.
“In a way, I may be losing more money”
Deliveroo runner Daniel uses the feature a lot “at least every day, and sometimes even a few times,” he said.
“When I get to a certain amount, I kinda want to take it out rather than leave it sitting there,” Daniel explained.
“I guess I manage my finances on a daily basis.”
The big question is whether this helps.
“In some ways it was even better before when they actually pay every two weeks, not even every week,” he said.
“In some ways maybe I’m wasting more money this way because I’m kind of taking it in a dribble, rather than getting a lump sum… obviously it’s still my choice… I don’t. I don’t have to use it, ”he explained.
But on the other hand, there were times he felt it was a real help too.
“Say you go out and run out of money or something like that… you can take it out and you will be immediately sorted out,” Daniel said.
“It takes away any sort of struggle if you have any, to make it through payday… you know because obviously you get paid daily now if you want to.”
‘I use it when I need it’
Deliveroo runner Stephen Chowdhury said the ability to get paid more or less instantly has made a real difference to him.
“It’s just a really good function,” he said.
When does he use it? “I would say when I need it to be honest,” Stephen added.
“Like when I want to pay my phone bill and I want to pay it sooner … or buy food.”
“I use it because I have bills to pay”
Runner Adam Gaeli said the ability to get cash on the days the bills arrive has helped considerably.
“I use it because I sometimes have bills to pay on certain days,” Adam said.
Bills are the main reason Adam collects his winnings, he said, but there are times when he uses them every day.
He also praised its flexibility – including for unforeseen bills “in case my bike has a puncture,” he added.
“It just helps me, it helps me when I’m working, like, it’s also flexible,” Adam said.