If you don't know how Uber driver pay works, here's a reminder. Uber pays the drivers weekly via direct deposit. The week begins at 4 AM on Monday and ends at 4 AM the following Monday. To give you more information, in a weekly timeline:
With Uber Instant Pay you can easier schedule bill payments and organize your personal budget.
If you already know the advantages of the weekly pay, you will be surprised to find out that with Uber you can also cash out up to 5 times per day.
Uber Instant Pay it's very easy to use. You only need a debit card. With one click it will allow you to cash out whenever you want, instantly.
Instant pay is one of the great advantages that rideshare and delivery companies like Lyft, Doordash, Uber, Uber Eats offer to their drivers. But do they all really work the same way?
Uber Eats, Postmates and Doordash drivers are independent contractors. You are free to choose the platform in which you want to work, probably the one that pays the best and offers better services to drivers. We carried out a case study and compared Uber Instant Pay, Postmates Instant Pay and Doordash fast pay. If you need to cash out it's important to know how instant pay works for Uber, Postmates and Doordash before going online. Uber Instant Pay and Postmates instant Pay work almost the same way. The only real difference is that with Uber Instant Pay, Uber / Uber Eats drivers can cash up to five times a day. Postmates drivers have NO LIMITS, they can cash out as many times as they need with Postmates Instant Deposit. If you want to learn more about Postmates Instant Pay you can take a look at our article.
Doordash offers a similar service to the dashers. This service is called Doordash Fast Pay. Doordash Fat Pay requirements include:
Uber and Postmates remain loyal to their commitment to be 'driver friendly companies', in fact Doordash Fast Pay is more expensive than Uber Instant Pay. You have to pay a fee of $1.99 if you want to cash out in the Doordash platform, Uber drivers can do the same thing with a lower fee of only $ 0.50. Also for a fast cash out in the Doordash platform there are many more requirements than in the Uber platform. For example, as seen above, you can't cash out if you are a new driver and haven't delivered for at least 2 weeks and completed 25 deliveries.
Here is a checklist of the qualifications to be able to use Uber Instant Pay:
It's important for you to know that you cannot use a liquid card for instant deposit. A liquid card is a prepaid card and you can’t use prepaid debit cards. It has to be linked to a checking account. It’s the same with every instant pay in all the rideshare and delivery services. Today, 95% of U.S. debit cards support Instant Payouts.
You can require your debit card from GoBank directly from your Uber App. If you use a Uber Debit Card from GoBank, Zero fee applies to your cash out.
It's never been simpler than that. Do you have your debit card and your smartphone in your hand? Then :
Once you’ve linked your debit card in to your Uber driver App, you’ll find Uber Instant Deposit in the Dashbord of your Uber Driver App.
This is what really differentiates Uber Instant Pay from Postmates Instant Pay and Doordash Fast Pay. With Uber Inastant Pay, Uber and Uber Eats drivers can cash out the available balance up to 5 times per day. Doordash drivers can cash out only once a day.
As its name says, the earnings are in most cases immediately available in your bank account. Some banks may still take 2-3 days to process an Instant Pay cash out. If you are a customer of one of the following banks, it may take a few more days for you to get the funds:
No, you can not use a prepaid card or a credit card. Your card must be connected to your bank account
If you cash out your earnings, you won’t be able to cancel the cash transfer to a debit card.
If you have any issues reveiving your Uber Instant Pay deposit there is something that you can do:
Uber like Postmates is the only rideshare and delivery company in the U.S. which allows workers to be paid daily and cash more the once a day. This gives you more advantages of a traditional weekly, biweekly or monthly pay. If you need to get something to eat, or get gas or pay a bill, you don’t have to wait for it. With Uber Instant Pay Deposit, your earnings are right away on your card!
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*The bonus is location/time dependent. Depending on when and where, your bonus will vary.
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