A perk that many Postmates drivers take advantage of on a regular basis is what Postmates Fleet calls "Instant Pay." This program allow Fleet drivers to get paid on a daily basis if they choose to do so. Many Postmates drivers like to pay themselves on a daily basis, and that is fine. Especially when there's something important that has to be paid immediately.
What is so great about Instant pay from Postmates and why would I use it?
Having instant access to one's cash is very beneficial. First, an individual will not have to wait until the end of the week to receive their money. There will be no surprise bills that cannot be paid. No matter what bill or emergency comes up, a Postmates driver will always feel good knowing that they have immediate access to their hard earned money.
What do I need to use Instant Pay by Postmates?
Any individual that wants to use "Instant Pay" will need to have a Visa or Mastercard debit card that is linked to their bank account. This eliminates any prepaid credit cards or anything else like that. There will be no exemptions to this rule.
How much does it cost to use Postmates Instant Pay?
A Postmates driver using "Instant Pay" will be charged 50 cents every time they use it. Remember, the charge is for each use no matter how much is withdrawn. If $300 is is taken out, it is a 50 cents charge. Likewise, if it is $20 being taken out, the same 50 cents fee applies. This charge is very low compared to similar type programs offered by Postmates competitors.
How often can I use Postmates Instant Pay?
What makes "Instant Pay" unique is the fact that it can be used as often as one would like. Postmates is the only app based delivery platform that allows unlimited withdrawals. Remember, there is a fee each time "Instant Pay" is used. It's best to keep the use of "Instant Pay" as little as possible to avoid paying unnecessary fees.
How long does it take to receive my money when using Postmates Instant Pay?
For the vast majority of people, the transfer is instant. Generally, the money is deposited into an individuals bank account within a minute. There are a few exceptions to this rule though as a few smaller banks across the country will not process payment for a couple of days. You'll never have a problem with larger well known banks, and 99.9 percent of smaller banks will have your money in your bank account in seconds.
Always remember that using Instant Pay is not mandatory
Please keep in mind that it is not required to use "Instant Pay," and Postmates drivers can get paid the normal way which is weekly by direct deposit if they want. Deliveries that are completed Monday-Sunday will be direct deposited for free into an individuals bank account. Payments are usually received by Tuesday. There is never any pressure from Postmates to use Instant Pay.
How often should a person use Instant Pay?
I would recommend that nobody use Instant Pay unless they absolutely need to. There is no reason to pay 50 cents for money that you don't immediately need. Sure, it's only 50 cents, but do this enough in a year, and you'll find that you spent over $100 on Instant Pay. There's never a reason to throw a $100 bill in the trash.
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