Generation Instant: Freelancers Use Instant Payments to Reduce Financial Hardship

Freelancers See Instant Payments as Financial Lifeline

Generation Instant: Freelancers Use Instant Payments to Reduce Financial Hardship

Life as a freelancer is not easy, with late payments often leading to financial strain. PYMNTS Intelligence’s latest 22-page report, “Generation Instant: How Freelancers Use Instant Payments to Reduce Financial Hardship,” a collaboration with Ingo Payments, contains five charts of proprietary data exploring how and why freelancers rely so much on instant payments.

Inside the May Data Brief

  • 30%: Portion of freelancers who primarily use instant payments because the method helps with paying bills on time
  • 58%: Share of freelancers highly likely to pay a fee to receive disbursements of $1,000 or more instantly
  • 29%: Portion of freelancers highly likely to pay a fee to receive disbursements less than $100 instantly

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