If you’re a Postmates driver, you know that you can accumulate earnings from completed deliveries.
But what happens when you want to cash out?
In this blog post, we’ll show you how to withdraw your earnings from Postmates.
We’ll walk you through how the Postmates cash out process works, as well as give tips and tricks for how to make the most of payment features as a driver.
Let’s dive right in.
Table Of Contents
The Basics of Cashing out on Postmates
When you work for Postmates, you need to know how to cash out so you can get your hard-earned money from doing food delivery.
Cashing out requires nothing more than your Postmates app, a bank account number or credit card, and a few hours worked!
There are some automatic settings, but you can customize all of them.
How Often Do Postmates Drivers Get Paid?
Postmates couriers set up a payment account when they first sign up.
After this, the automatic payment settings are weekly.
If you have an automatic payment schedule, you will be paid by the Postmates fleet app once a week.
You can set which day of the week you get paid on or change the regular payment settings in the app.
Does Postmates Pay Daily?
Postmates doesn’t pay daily automatically, but a Postmates courier can cash out instantly for a small fee.
If you want to get paid daily, you just have to work every day.
The app automatically sends money to your bank account once a week.
Can Postmates Drivers Cash out Instantly?
Postmates workers can cash out instantly at any time, given that they meet the requirements.
As long as a driver has at least $5 in their Postmates account and a functioning debit card, they can cash out using the instant payment system in the app.
The instant cash out system is relatively new and began when Uber bought Postmates.
The minimum for cashing out on Postmates is $5, but there is a $0.50 fee every time you cash out.
You might want to limit cashing out to save on the fee!
How Long Does It Take for Postmates to Pay You for the First Time?
Officially, Postmates waits four business days from a food delivery to release the fees.
After your first day of delivering food, you will have to wait four days until you can cash out.
However, with instant pay, you can cash out as many times as you like after that, provided you have the funds in your account and a valid debit card.
Related: How much do Postmates drivers make?
Methods for Cashing out on Postmates
There are two main methods for cashing out on Postmates: automatic checking deposits (ACH) and Postmates Instant Pay.
Either way is simple to qualify for, set up, and start receiving money through.
Whichever method you choose, you won’t have to worry about the money getting lost or never coming.
1. Postmates ACH Deposit
The Postmates automatic checking deposit happens once a week.
Once you set it up, you don’t have to worry about it again.
You can just deliver food on your own schedule and let the money land in your bank account.
For the ACH deposit, there is no deposit fee or wait time.
2. Postmates Instant Pay
Of course, a very convenient way to get paid is by instant pay.
Whenever you need it, you have money to transfer to your bank account or debit card and use it at once.
This service is instant, but it costs a small fee.
It might be better to do it all at once, either once a day or once a week.
How Much Does Postmates Charge to Cash Out?
Postmates charges fifty cents every time you cash out on the app unless you’re cashing out through the automatic deposit system.
If you manually cash out using instant payment, you’ll have to pay the $0.50 every time, no matter how many times you’ve done it in the same day.
How Many Times Can You Cash out on Postmates Per Day?
The downside is the fifty-cent fee for instant cashing out.
The upside is that you can cash out on Postmates as many times as you want every day!
As long as you have at least $5.50 in your account, you can take it out.
Of course, the fifty cents will start to add up, but the convenience of cashing out whenever is worth a small fee.
How to Set up Instant Pay
It’s effortless to set up Instant Pay, especially if you’re already an established Postmates driver.
If you haven’t set up your Postmates account, you’ll have to do that first and earn some money (there has to be money in the account for you to take it out).
However, once you’ve finished that, you should be able to set up instant pay very quickly.
Postmates Instant Pay Requirements
The only requirements for Postmates instant pay are that you have an active Postmates account, a Mastercard or Visa debit card (it can’t be a credit card), and money in your Postmates account.
If you meet all three of these requirements, you will be able to cash out instantly.
How to Unlock Instant Pay
You don’t have to do anything special or work for Postmates for a certain amount of time before unlocking Instant Pay.
As soon as you start working for Postmates in one of the U.S. markets, you are eligible to receive Instant Pay and can set it up.
However, you do need to have the other requirements (a Visa or Mastercard debit card in your name).
How to Set up Instant Pay
To set up Instant Pay, follow these steps:
- Open your Postmates driver app
- Navigate to the dashboard (available by clicking your profile picture)
- Tap on Banking
- Add a payment account in the form of a debit card
The app provides an easy and convenient way to set it up.
Once it’s done, you won’t have to worry about it again until it’s time to get money out!
Questions About Instant Pay
The Instant Pay setup process is a relatively simple one, but there are still some questions throughout.
Here are the answers to some of the most common questions about Instant Pay and the cashing out process.
How Long Does Postmates Instant Pay Take?
Although it’s awesome to withdraw your money as soon as you make it, will you get it then?
It depends on your bank, not on Postmates.
Most banks allow Postmates to deliver the money immediately, but some can take up to three business days to get it into your account.
Can I Cancel a Postmates Instant Deposit?
Postmates Instant deposit is usually just that – instant.
This quick turnaround makes it very hard to cancel the transaction because once you’ve started, it will finish within minutes.
The money will be in the bank account very soon.
Usually, the only way to stop a Postmates instant deposit is to contact customer service and request a refund.
Can I Start Postmates Without the Card?
Of course, the Postmates prepaid card makes the entire process easier.
You can receive more orders and pay the restaurant with a Postmates card.
However, if you haven’t received your Postmates card in the mail yet, you can still deliver for Postmates.
Without a card attached to your account, the app will automatically give you orders that the customer has already paid for.
How to Cash out on Postmates
When it comes time to cash out on Postmates, there are two ways to do it.
It depends on whether you set up the ACH bank option or put your debit card information in.
Either way, cashing out is a relatively straightforward process and doesn’t take much time.
You’ll have your money as soon as the app wires it to your bank account.
Cash out Using an ACH Bank
If you have set up an automatic payment through your ACH bank, you don’t have to do anything extra to cash out.
Postmates automatically sends payments out to all the banks in their systems on Monday, so your money will show up within a few days after that.
To be a part of this, you’ll have to put in your bank account number and routing number.
Cash out Using Instant Pay
If you haven’t set up your bank account and are only using a debit card (or are using instant pay in addition to a bank account), you can easily cash out through the Postmates app.
All you have to do is open the app and navigate to “Menu.”
There, you’ll see your available balance.
If it’s above $5, you can cash out immediately!
Troubleshooting: Postmates Instant Pay Not Working
As with all technology, Postmates Instant Pay doesn’t always work.
There are multiple reasons why this could have happened, from internet outages to the app crashing.
However, there is often a solution for these issues.
If nothing else, you can contact Postmates and ask them for technical help.
Why Did My Postmates Cash out Fail?
There could be several reasons that your cash out didn’t work.
Here are some steps to take to make sure it’s not a fault on your end before you contact Postmates:
- Check your internet or data connection. If the connection timed out, the deposit might not have gone through.
- Check your debit card or bank account number and make sure it’s verified.
- Call your bank and ensure they know that Postmates is a valid source (banks sometimes block unknown sources if they think it could be a scam).
- Make sure you have enough money in your Postmates account.
If none of these troubleshooting steps have worked, it might be a technical issue with Postmates or a widespread outage.
Contact Postmates and tell them your problems, and they should be able to help you (although it might be in a few days).
How Do I Contact Postmates for Help with My Cash out?
If you still can’t find the answer to your question, you can contact Postmates through your Postmates app.
There is a help section with common questions and a spot to get help.
On the web, the Postmates help section is available to anyone, with or without a Postmates account.
With Postmates, you can make enough money to be a side hustle, a weekend job, or even a full-time job with tips.
It’s easy to cash out on-demand or automatically.
Whether you have an approved bank account or a debit card, you can get your money and continue delivering food with Postmates.