Postmates Cash Out - How do I Get Instant Pay?

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Complete Guide to Postmates Cash Out & Instant Pay postmates cash out

Becoming a Postmates driver is an opportunity to earn a solid income while working flexible hours. Since October 2018 Postmates drivers have the flexibility to cash out their earnings immediately with Instant Pay. Postmates Cash out is so popular and useful. This is a step-by-step guide and will cover all the information you need to set up, and use Postmates Cash Out.

What is Postmates Cash Out?

When driving for Postmates, you should always know when do you get paid. The standard automatic process is that Postmates pays drivers weekly. Postmates starts the weekly payment process at 11:59pm on Sunday. Your earnings balance is automatically sent to your linked bank account on Monday. It may take 2-3 business days before your deposit shows in your account. Recently Postmates introduced a feature called Instant Pay that allowed drivers to instantly cash out the money they made performing deliveries instead of waiting to be paid at the end of every week. Postmates is growing fast and now available in more than 3,500 cities of US. The delivery company gains popularity. A lot of customers use Postmates and drivers switch from Doordash to Postmates. Postmates is really appreciated to be driver friendly company with the new ratings system. In addition, while for long time instant payments where designed to helps businesses to easily manage their freelancers and streamline payments, today gig workers for Postmates, Lyft, Uber, Doordash and Caviar or can enjoy all the advantages of the online economy era. Postmates partner with Stripe payment to offer to the drivers this new feauture.

How Postmates Cash Out Will Help You?

Dealing with unexpected expenses is a challenge. A recent Federal Reserve survey found that many adults are not well prepared to withstand even small financial disruptions. The ability to pay current bills and to handle unexpected expenses has improved since 2013 but it is still a challenge for many of us. If you are looking for the fast cash to pay the monthly housing bill, the work today for pay today is one of the best option. With Postmates Instant Pay, drivers can get paid and access cash whenever they want. There's no limit to how many times you can cash out per day. Remember that there are some fees associated with every cash out. You need to use it in the best way possible. It's more resonable probably withdrawal large sums of money rather than many small sums of money because the fees will apply for every time you take out your money. Driving for Postmates you will enjoy the flexibility to go on line whenever is more convenient for you (in the evenings or on weekends), and the ability to get paid whenever you complete a delivery with all the benefit from instant cash-outs. Furthermore, with Postmates, you do not have to worry. All of your weekly earnings will be automatically deposited to your bank account once a week.

Postmates Cash Out Eligibility

Get started with Postmates instant Pay is easy. The basics to be eligible to set up and use the Postmates cash out include:

  • Be a Postmates Driver a U.S. market
  • Have an active Postmates Fleet account
  • Have a debit card Mastercard or Visa issued in the US
  • Have an available cash balance up to $5

This is the most important requirement and it is the same for Postmates, Uber Eats, Lyft and Doordash. You need a debit card to set up Instant Pay and Cash out your Postmates earnings. Because, debit Card payments are linked to a bank account, your earnings are drawn directly from the linked account at the time of payment. Visa and Mastercard are the largest card networks in the world.

Here is a complete list of the few banks that do not support Instant Payement and Cash Out:

  • Aba Card Solutions, Inc. Aba Card Solutions, Inc.
  • Banco Coomeva S.A.
  • Banco Popular De Puerto Rico
  • Barrington Bank & Trust Company National Association
  • Brenham Natl Bank
  • Calvin B Taylor Bankingc
  • Citizens Bank Swainsboro
  • Cornercard Uk Ltd
  • Dcb Bank Limited
  • First Century Bank National Association
  • Firstmerit Bank National Association
  • Florida Capital Bank National Association
  • Heartland Bank
  • HSBC Bank USA, National Association
  • J.P. Morgan Europe Limited
  • Ky W Va Gas Co. Employees Federal Credit Union
  • Madison County Bank
  • Mb Financial Bank National Association
  • Mwabank
  • Northbrook Bank & Trust Company
  • Ravalli County Federal Credit Union
  • Republic Bank
  • Republic Bank of Chicago
  • Sunrise Banks National Association
  • Target Bank
  • The Bank & Trust
  • Tib The Independent Bankersbank
  • Wesbanco Bank Inc.

How Do I Set Up Postmates Instant Pay?

how to set up postmates cash out

Before of being able to cash out your earnings, you need to link your debit card to your Postmates Fleet Account. You can do it with your Fleet App. Follow our step by step instructions:

  • Open the Postmates Driver App dashbord by clicking on your profile picture
  • Tap on Banking
  • Add Debit Card

How do I cash out with Instant Pay?

how do I cash out with Postmates Instant Pay

You can transfer whatever is available in your current balance directly to your debit card linked to your bank account by using the Postmates Fleet App. Follow our step by step tutorial:

  • Open the Postmates Driver App
  • Open the Menu button at the top left corner of the Fleet App
  • You will see your available balance
  • Tap Cash Out

Postmates Cash Out vs Doordash Fast Pay, Uber Instant Pay and Lyft Express Pay: in depth Comparison

Once upon a time there were ride-sharing and delivery companies competing for drivers through incentives and promotions. Today they are looking for the way to offer better services to their drivers. Instant payments are really appreciated by drivers, but are they all work the same way? Becoming a Doordash driver or sign up for Uber Eats, or becoming a Lyft driver, is it the good choice if you are looking for a quick income boost? Here is an in-depth comparison of how instant payments works for the principal ridesharing and delivery companies.

Postmates Instant Pay | Doordash Fast Pay | Uber Instant Pay | Lyft Express Pay
POSTMATES DOORDASH UBER LYFT
Fee: $.050 Fee: $1.99 Fee: $.050 Fee: $.050
Illimited Cash Out up to 1 times a day up to 5 times a day up to 5 times a day
Minimum Amount: at least $5 plus the $.50 Minimum Amount: at least $5 plus the $1.99 No minimum amount required Minimum Amount: at least $5 plus the $.50
Requirements: ONLY Debit Card Requirements Requirements: at least 25 deliveries and dashed for at least 2 weeks Requirements: ONLY Debit Card Requirements Requirements: ONLY Debit Card Requirements

How To Cash out in Postmates Driver App with Instant Pay

Postmates drivers have the flexibility to cash out their earnings immediately with Instant Pay.

Postmates Cash Out: Frequently Asked Questions

Why Did My Cash Out Fail?

So, you setted up your debit card, everything worked good and one day you have trouble processing a payment. If you are unable to instant deposit the money in your postmates account onto my debit card it's important that you remember what we said at the top of this article. The instant payment is processed via Stripe and your bank. Stripe is a powerful payments engine that makes moving money easy. It's not always the fault of Postmates. While in other occasion we told you that the best way to get help fast is to contact Postmates, if you have any issues with your withdrawal contacting Postmates is not the best thing to do. Here are some helpful tips to help you if you have issues with Postmates Instant Pay:

  • Verify your Bank is not in the list of the banks that do not support Instant Payement
  • Contact your bank and explain that you’re having issues receiving Instant Pay transfers

Are there any fees for using the Cash Out?

Using Postmates Instant Pay with your personal debit card it is no free. A $0.50 transaction fee will apply each time you cash out.

How long does it take to receive your ernings with Postmates Instant Pay?

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:

  • UBOC
  • H&R Block
  • First Citizens
  • Amegy
  • California Bank and Trust
  • First National Bank of Omaha
  • Webster Bank
  • BOKF
  • Silicon Valley Bank
  • Northern Trust
  • Bank of New York Mellon

Can I use a prepaid card or credit card for Instant Pay?

No, you can not use a prepaid card or a credit card. Your card must be connected to your bank account

How can I cancel a Postmates Instant Deposit?

If you cash out your earnings, you won’t be able to cancel the cash transfer to a debit card.

Which earnings are eligible to Cash out?

Lyft and Uber apply restriction to the earnings eligible to Cash out. For example Lyft express drive renters can unlock Express Pay once they earn the required weekly rental base fee and taxes, plus the $0.50. Uber's driver cash out any promotional pay like Earnings Boosts or Hourly Guarantees because they are not added to the earning statement until the weekly pay. With Postmates instant pay, you can withdrawal all of your earnings.

Summed up: Postmates Cash Out

From all the perks and benefits that Postmates offers to the drivers, the possibility to work day for pay day and cash out the driver earnings is the most appreciated.

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