What is the FastFunds Feature?

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FastFunds allows your workers to receive an expedited payment for invoiced assignments from select clients. Workers will be charged a small fee for the expedited FastFunds payment, and the funds will then be available to withdraw immediately. The funds can take up to an hour to appear in the 'available to withdraw' field. 

By electing to receive an accelerated payment through the FastFunds service, workers are selling and transferring to WorkMarket, all rights, titles, and interest in and to any payment due. This service is only available until 12 PM ET the day before the assignment’s scheduled payment date.

When FastFunds is used, WorkMarket is paying out the invoice rather than the client. When the assignment is paid out on its regular scheduled date, those funds will show in the worker's ledger and then remitted back to WorkMarket immediately.

FastFunds transactions and the included fees are non-refundable and final. 

Note: 

Please note that you are limited with respect to the maximum amount of your outstanding FastFunds payments. Therefore, the availability of FastFunds for a particular assignment is contingent on you

  1. continuing to be approved for participation in the FastFunds program at the time you approved the assignment, and 
  2. not exceeding your applicable FastFunds limit

If FastFunds is unavailable, your worker will be paid according to the payment terms previously agreed upon by you and the worker. Please contact your Account Manager or WorkMarket Support (support@workmarket.com) if you have received a notification that the FastFunds limit has been exceeded or if you have any questions. 

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