ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Gopuff Launches Instant Cash Out for U.S. Delivery Partners, Continues To Invest in Delivery Partner Experience

Gopuff’s expanded partnership with Stripe enables delivery partners to access earnings in minutes, rather than days

In addition to launching Instant Cash Out, Gopuff has rolled out a number of significant investments to the delivery partner experience over the past year, including launching a new delivery partner app, introducing cashback and discount opportunities, and enhancing support.

Gopuff, the go-to platform for immediate delivery of consumers’ everyday needs, is now providing its U.S. delivery partners with the ability to instantly cash out their earnings balance at any time with just a few clicks. Gopuff is one of the first instant commerce businesses to offer an instant pay option for delivery partners, bringing them an even more flexible, convenient, and quick way to receive their earnings and tips. Gopuff is partnering with Stripe, a financial infrastructure platform for business, and partners like Visa Direct1, Visa’s real-time2 money movement network, to offer partners with an eligible debit card the option to cash out quicker.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220804005669/en/

Gopuff’s expanded partnership with Stripe enables delivery partners to access earnings in minutes. (Photo: Business Wire)

Gopuff’s expanded partnership with Stripe enables delivery partners to access earnings in minutes. (Photo: Business Wire)

“Now more than ever, delivery partners are looking for convenience and speed when accessing their earnings,” said Daniel Folkman, SVP of Business at Gopuff. “We’re proud to partner with Stripe to offer U.S. delivery partners a new Instant Cash Out option, which enables them to access and use their earnings within minutes, rather than days. We will continue to listen to delivery partner feedback and invest into their experience delivering with Gopuff.”

"Platforms like Gopuff are making it more convenient for consumers to access what they need, and delivery partners to get paid quickly," said James Dyett, Head of Strategic Accounts at Stripe. "We're proud to power faster access to earnings as Gopuff builds on its success with Stripe’s financial infrastructure, especially in a time when every dollar counts."

Instant Cash Out is part of a broader series of investments Gopuff is making to enhance the delivery partner experience. As part of the company’s commitment to improving the delivery partner experience, Gopuff has:

  • Improved Delivery Partner Support: In the last 12 months, Gopuff more than quadrupled the size of its delivery partner support team, enabling the business to provide quick responses and solutions to delivery partners’ questions. Gopuff also introduced a new in-app chat feature to make it even easier for delivery partners to connect with a support agent.



  • Investments in the Driver App: This March, Gopuff launched the Gopuff Driver app in the App Store and Google Play Store. The new app significantly streamlines the delivery experience, makes it easier and faster for new partners to access the platform and enables automatic app updates for existing users.



  • Faster Payouts and Greater Earnings Transparency: In May, as part of its partnership with Stripe, Gopuff transitioned delivery partners to a new system that distributes earnings 2-3 days faster than before. Gopuff also launched a fully redesigned Earnings tab in the Gopuff Driver app, making earnings information more transparent and digestible.



  • Expanded Cash-Back Promotions: In the U.S., Gopuff partnered with Upside to offer delivery partners exclusive promotions at more than 50,000 businesses, including cash back opportunities at gas stations, restaurants, and grocery stores. In the U.K., Gopuff partnered with Collective Benefits to offer discounted fuel options and deals to help save money on everyday expenses.



  • Additional Perks: Gopuff also recently launched perks such as vehicle maintenance discounts through Openbay, credit and discount opportunities on tax services through Block Advisors, and expense & mileage tracking through Stride. This follows a previously-established partnership with Stride Health to offer access to affordable, quality health insurance coverage to delivery partners and their families.

About Gopuff

Gopuff is the go-to instant commerce platform, fulfilling consumers’ evolving, everyday needs. With an unmatched assortment that includes cleaning and home products, medicine, pet care, office supplies, beauty and wellness items, baby products, food and drinks, local brands, as well as alcohol and fresh prepared food in some markets, Gopuff brings a unique, reliable and magical experience to customers around the world.

Founded in 2013 by co-founders and co-CEOs Rafael Ilishayev and Yakir Gola, Gopuff created the instant needs category and continues to build the rails that define the future of commerce. To learn more, visit www.gopuff.com or follow Gopuff on Facebook, Twitter or Instagram. Download the Gopuff app on iOS and Android.

1 Visa Direct capability enabled through GoPuff’s financial institution partner

2 Actual fund availability depends on receiving financial institution and region

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.