January 6, 2025
Gratuity Solutions’ partnership with Visa Direct empowers those in the hospitality industry to have immediate access to their earnings whenever they need it, and now, at an even faster rate.
Starting in April 2025, Visa Direct will allow U.S. cardholders to receive funds in their bank accounts in real-time within one minute or less. As the demand for faster payments grows, Visa Direct’s initiatives are setting the standard for innovation in the payments industry.
Vice President Jim Felice says “This change underscores Visa’s commitment to accelerating real-time payments…At Visa, we are constantly striving to innovate and provide the best possible money movement experiences, and this update will significantly enhance the speed and convenience, while maintaining strong security standards”-PYMTS.
By ensuring quick and secure access to money, Visa is paving the way for faster payouts, whether for government benefits or earned wages. According to a PYMTS Intelligence report, “50% of consumers experience up to a week-long wait for payouts, starkly contrasting with 43% of consumers who prioritize real-time payments”.
As a partner of Gratuity Solutions. Visa Direct will allow for those in the hospitality industry looking to receive instant tip payouts to have even more immediate access to hard earned funds.