If you’re reading this article, chances are you’re either an experienced driver who is tired of waiting for days and even weeks to get paid or you just need a faster way to retrieve your supplemental income. While it would be amazing to incorporate daily auto-pay into each and every app, it is simply not financially feasible for most companies to offer these services.
This is where DailyPay comes in. DailyPay is a New York-based tech company that provides an effective solution to this common problem. When you use DailyPay, you are able to receive same-day, virtually instantaneous payments from one or various channels in one lump sum. This means that if you drive for Fasten, GrubHub, Seamless, DoorDash, and Instacart, you can connect your apps’ payment information to your DailyPay account. DailyPay will then transfer your earnings to your personal bank account as often you command.
Note: Being transparent with my readers is important. I want to disclose that I receive a small commission for extending this information to my readers. Please be aware I only choose to affiliate with companies who practice honorable ethics. All views expressed are 100% my own.
If you’ve already heard of DailyPay, you may have heard that they offer their services to a number of popular rideshare and delivery platforms. Currently, DailyPay is only accessible to drivers of the above mentioned companies. During their first year of operation, services were offered to other companies such as Lyft and Uber, but DailyPay has wisely pivoted their business structure to become a long-term money machine. So in the meantime, this would be a great opportunity for Lyft and Uber drivers to add another income stream and sign up for DailyPay-eligible companies.
How to set it up
Sign up for a free DailyPay account here. Use the provided link or enter code xaec5a5 to get up to two weeks of free DailyPay payments.
Link your perspective platforms. Note: Seamless is an extension of GrubHub.
Connect your personal bank account to DailyPay. You can link your checking or savings accounts.
DailyPay Bank Link. This step will instruct you to enter your perspective platform account. You will need to replace your personal payment information with DailyPay’s payment information. If you’re wondering why this needs to happen, I’ll explain in just a moment.
To fully understand why what goes where. You need to understand how DailyPay works. As most of us have experienced, employers and banks take time to process deposits and payments. Doordash, for example, takes over one week to send drivers payments. We are subjected to a grueling waiting period in addition to bank to processing time. A light bulb lit up over the creators of DailyPay…”what if we create a service to send people their earnings instantly,” they thought. So that’s what they did. They became well-funded. Now, every time James wants his $150 Doordash paycheck same-day, all he has to do is instruct DailyPay to send him $150. DailyPay will then send James $150 from DailyPay’s personal account and charge him a small fee of $1.49. DailyPay will now be the one subjected to wait a week for Doordash to send James’ paycheck.
A few things to keep in mind:
Payments can be automated or performed manually
$0.99 is charged for deposits under $150
$1.49 is charged for deposits over $150
If your platform has not fully released your earnings to DailyPay, DailyPay will withhold 10% of your earnings in case of unforeseen refunds or changes to your earnings.
And that’s about it! DailyPay is super easy to use and it’s a great tool to utilize when you’re strapped for cash. If you want to try it for yourself, feel free to use my referral link here to get up to two weeks of free payments.
Share your Daily Pay experience in the comments below!