How To Get Instant Cash Out On DoorDash

Working as a delivery driver for DoorDash can be a lucrative gig. However, waiting for your earnings to be deposited into your bank account can sometimes cause financial strain. Luckily, DoorDash offers a feature that allows you to get instant cash out of your earnings. In this article, we will show you how to take advantage of this convenient option.

Contents:

1. What is Instant Cash Out?

2. How Does Instant Cash Out Work?

3. Eligibility for Instant Cash Out

4. Steps to Get Instant Cash Out on DoorDash

5. Tips and Considerations for Using Instant Cash Out

6. Frequently Asked Questions

1. What is Instant Cash Out?

Instant Cash Out is a feature offered by DoorDash that allows delivery drivers to access their earnings instantly, rather than waiting for the standard weekly deposit. Essentially, it allows you to receive your money on-demand whenever you need it.

2. How Does Instant Cash Out Work?

When you select the Instant Cash Out option on DoorDash, your earnings for the current day are transferred to your linked debit card immediately. This means that you don’t have to wait for the typical processing time for payments to be deposited into your bank account. It’s a quick and convenient way to access your money as soon as you earn it.

3. Eligibility for Instant Cash Out

In order to be eligible for Instant Cash Out on DoorDash, you need to meet the following requirements:

– You must be an active Dasher on the DoorDash platform.

– You need to have completed at least 25 deliveries.

– Your earnings must be at least $1.

– You must have a DoorDash-branded prepaid debit card.

If you meet these eligibility criteria, you can start taking advantage of Instant Cash Out right away.

4. Steps to Get Instant Cash Out on DoorDash

Getting instant cash out on DoorDash is a simple process. Just follow these step-by-step instructions:

Step 1: Download and Open the DoorDash Driver App

If you haven’t already, download the DoorDash Driver app from the App Store (iOS) or Google Play Store (Android). Once downloaded, open the app and log in to your Dasher account.

Step 2: Go to the Earnings Tab

Once you’re logged in to the app, tap on the “Earnings” tab at the bottom of the screen. This will take you to the section that displays your earnings and payment details.

Step 3: Select the Instant Pay Option

On the “Earnings” page, locate the “Cash Out” or “Instant Pay” option. This will typically be an icon or button that looks like a lightning bolt. Tap on this option to initiate the instant cash out process.

Step 4: Choose Your Preferred Debit Card

If you have multiple debit cards linked to your DoorDash account, you will be prompted to select the card you want to use for the instant cash out. Choose the card you prefer, or add a new one if needed.

Step 5: Confirm and Complete the Cash Out

After selecting your preferred debit card, review the summary of your instant cash out transaction. Make sure all the details are correct, including the amount you wish to cash out. Once you confirm the transaction, the money will be instantly transferred to your selected debit card.

5. Tips and Considerations for Using Instant Cash Out

While the Instant Cash Out feature on DoorDash can be incredibly useful, there are a few tips and considerations to keep in mind:

– Be Mindful of the Transaction Fee

DoorDash charges a small fee for using the Instant Cash Out feature. This fee typically ranges from $1.99 to $2.99 per transaction. While this fee may seem minimal, it can add up over time. Consider using the feature only when necessary to avoid excessive fees.

– Plan Your Cash Outs Wisely

Instead of cashing out small amounts frequently, try to plan your cash outs strategically. For example, you may choose to cash out larger amounts once a week instead of multiple smaller cash outs. This will help you minimize transaction fees.

– Stay Aware of Your Earnings

Keep track of your earnings on DoorDash to ensure you have sufficient funds for your immediate needs. It’s important to remember that by cashing out, you are receiving funds that would have been deposited into your bank account later in the week.

– Set Up Direct Deposit

If you find yourself frequently using the Instant Cash Out feature, consider setting up direct deposit with DoorDash. This way, you can receive your earnings directly into your bank account without any fees or delays.

6. Frequently Asked Questions

Q: Can I use Instant Cash Out if I don’t have a DoorDash-branded prepaid debit card?

A: No, you need to have a DoorDash-branded prepaid debit card in order to use the Instant Cash Out feature.

Q: How long does it take to receive the money when using Instant Cash Out?

A: The money is transferred instantly to your linked debit card when you use the Instant Cash Out feature.

Q: Is the Instant Cash Out feature available in all countries?

A: No, the availability of the Instant Cash Out feature may vary depending on your country and market. Make sure to check if this feature is available in your location.

Q: Can I cancel an Instant Cash Out transaction?

A: No, once you confirm the Instant Cash Out transaction, it cannot be canceled. Make sure to review all the details carefully before proceeding.

Now that you know how to get instant cash out on DoorDash, you can enjoy the convenience of accessing your earnings whenever you need them. Remember to use this feature wisely and plan your cash outs strategically to minimize transaction fees. Happy dashing!