Postmates instant pay deposit allows couriers to cash out earnings quickly without having to wait for weekly scheduled deposits. More successful instant payment will be processed immediately. With the instant deposit feature, couriers will get paid faster.
So it is clear that with Postmates instant deposit, you can access your payment instantly. The question is, how do you get instant pay? Just read on. Here we explain what is Postmates instant pay, how to eligible for it, how to set up, how to cash out, and more.
What Is Postmates Instant Pay?
Before we start, we need to mention that Postmates pays their couriers on weekly basis. But thanks to the instant pay feature, couriers now are able to get their payment much quicker.
The instant pay gives couriers the flexibility to get their money anytime they want, without having to wait for a week. Yes, it gives couriers the opportunity to get instant pay.
Postmates Instant Pay Requirement
As beneficial as it is, Postmates instant pay does have requirements that must be met. No need to worry, though.
The requirements are quite basic, so you probably have met them. Here are the requirements to be eligible for instant pay.
- You must have an active Postmates Fleet account
- Must be a courier in one of the U.S markets
- Have a debit card Visa or Mastercard (note: the card must be issued in the U.S.)
- You must have at least $5.00 in your balance
How to Set Up Postmates Instant Pay?
Before you can take advantage of the instant pay feature, you need to set up it first. The process is very simple.
Here’s what you need to set up Instant Pay:
- Open the Postmates Fleet app
- Tap your profile picture to open the dashboard, then tap “Banking”
- Tap “Add Debit Card”. This will link your debit card to your Fleet account
How to Cash Out?
Your instant pay feature is already set up and you want to cash out money. Just like setting up instant pay, cashing out instant pay is very easy. Do the followings to cash out your money:
- Open Postmates Fleet app. Now that you have linked your debit card to your account, you should see “Instant Deposit” in the dashboard
- Tap your profile picture
- Scroll down and you will see your available deposits
- Tap “Cash Out”
Instant Deposit Fee
Yes, there is a fee charged when you cash out your money. Postmates’ fee to cash out instant pay is much less than other companies as Postmates charges only $0.50 for the cash-out.
Also, while other companies limit the number of cash out a courier can do in a day, Postmates doesn’t. In other words, you can cash out as many times as you want.
How Long Does the Instant Pay Process Take?
The money will be sent to the linked debit card immediately. How long it takes to receive the money depends on your bank’s schedule. Some banks take 2 to 3 days but in most cases, it takes only 15 to 30 minutes.
Usually, you have to pay before you can access your payment. Now that you know about Postmates instant pay, you can get the money you earn directly.
There is no need to wait. Do keep in mind that you need to be eligible first to take advantage of the instant pay feature. Also, instant pay is not free. It comes for $0.50.