How to Cash Out on DoorDash: The Ultimate Guide for 2024
DoorDash offers drivers unparalleled flexibility in how and when they receive their hard-earned money. From automatic weekly payouts to instant transfers after every dash, DoorDash puts payment control into the hands of drivers.
DoorDash Payout Statistics and Data
According to a 2022 survey by Lending Tree, the average DoorDash driver earns $9-22 per hour, with top earners making over $30 per hour during peak dinner times.
Delivering with DoorDash part-time is an increasingly popular way for Americans to earn extra income. Over 50% of DoorDash drivers work less than 10 hours per week.
| Statistic | Amount |
|---|---|
| Average Hourly Pay | $9-22 per hour |
| Top Earner Pay | $30+ per hour |
| Part-Time Dashers | Over 50% |
With the right strategy, DoorDash offers reliable earning potential with unmatched payout flexibility.
Choosing the Right Payout Method
DoorDash empowers drivers to select a personalized payment schedule, including:
Weekly Direct Deposit
The default payout schedule deposits total weekly earnings into your registered checking account every Monday.
Pros: Easy set-up, no fees, earnings accrue over the full week
Cons: Must wait until Monday regardless of hours worked
Fast Pay Cash Outs
Instantly cash out your same-day DoorDash earnings for a small $1.99 processing fee. Transfers complete within 1-2 days.
Pros: Access earnings daily, improved cash flow
Cons: $1.99 fee per transfer (waived first 30 days for new Dashers)
DasherDirect Instant Earnings
The DasherDirect program lets you collect pay after every delivery. Funds deposit instantly onto the optional DasherDirect Visa debit card. Dashers report 2 days faster access to money over traditional Fast Pay with zero fees.
Pros: Instant access to money after each dash, no fees
Cons: Must apply and qualify for a DasherDirect account
Based on your financial situation and dashing goals, choose the cash out method that best fits your needs. Most drivers ultimately enable both Fast Pay and DasherDirect to maximize rapid payments.
|| Direct Deposit | Fast Pay | DasherDirect Card |
|-|:-:|:-:|:-:|
| Fees | $0 | $1.99 per transfer | $0 |
| Speed | 1x week | 1-2 days | Real-time |
| Transfers | Automatic | Manual per day | Automatic per delivery |
Step-by-Step Setup Guides
Ready to collect your DoorDash dollars? Here is everything you need to know to enable Fast Pay or apply for a DasherDirect account.
Enabling Fast Pay
- Tap "Earnings" and then "Move Money" in the Dasher App
- Link an eligible debit card
- Toggle on Fast Pay money transfers
- Cash out your same-day earnings instantly for $1.99 per transfer
Fast Pay activation takes 1 week for new accounts – start early!
Getting a DasherDirect Card
- Select "Earnings" then tap "DasherDirect Card"
- Choose "Apply Now" and complete the application
- Once approved, activate your card when it arrives
- You will now receive real-time deposits after every delivery!
Approval decision usually takes less than 1 day. Start earning with DasherDirect right away!
Pro Tips from Top Dashers
Take it from the pros – selecting the optimal cash out approach boosts driver motivation:
"Having Fast Pay enabled is absolutely essential. I cash out each morning and use that money to buy gas and snacks." – Lauren, 4.96 rating
"Getting paid immediately with DasherDirect feels amazing. I check my earnings and available balance between every order. It keeps me driving!" – James, 1300+ deliveries
Check your metrics often in the Dasher app to ensure maximum payouts. Focus dashing during peak mealtimes when demand surges boost delivery pay.
Combine multiple cash out strategies to enjoy both instant transfers and avoid fees. DasherDirect plus weekly direct deposit offers the best of both worlds!
The ability to control precisely when your hard work turns into cash is life changing. Which rapid payout method will you enable first?
