It’s no secret that Uber is a great way to make money on your own schedule. You get to set you own hours, work whatever location you want and turn off and go home whenever you feel like it. The amount of time that you invest is totally up to you. You can work 1 hour or 80 hours/week if you want and that has some sweet implications for those of us who want to travel more. Uber drivers have some amazing flexibility but I one of the most common questions that I get asked is “How often do uber drivers get paid?”. For some of us, the answer is “Whenever we want.”
Uber Drivers Get Paid Weekly
Most drivers get paid weekly via a direct bank deposit and that includes any signup bonuses that you may have accrued in the past week. Each pay period is Monday at 4am to the following Monday at 4am. Once Uber has initiated your payment, that money is usually available in your bank account by Wednesday or Thursday morning. It is the fastest payment that I have ever had with any job, ever. Pretty cool, huh? Well, it gets better. If you are willing to meet certain requirements, you can actually get paid instantly up to five times a day.
Uber Drivers Get Paid On Demand with Instant Pay
A few months ago, Uber announced Instant Pay and it is pretty much what it sounds like. If drivers meet certain requirements, they can get paid at the push of a button.
When this new feature dropped, I decided to give it a test to see how “instant” the payment actually was. I gave a ride out to the airport here in Denver and made about $30 for the ride. I selected the Instant Pay button and confirmed the transfer. I got a notification about 3-5 seconds later that my money had been transferred. I checked my bank account and …BAM! There was a $30 deposit from Uber in my account. I was shocked and excited to say the least.
So what does a driver have to do to qualify for these instant payments?
According to Uber, you have to meet the following requirements to qualify for instant pay.
– Give at least 25 rides in the last 28 days.
– Be qualified to drive for the last two weeks.
Uber Drivers Get Paid Cash
Uber is typically a cashless system but they recently rolled out another experimental payment option for new passengers who aren’t ready to commit to entering their credit card info. New riders now have the option to request a ride and pay with cash when the ride is complete.
When I first heard about this new option, I had a few questions since I don’t carry any cash in my car. Like…none at all. So how are drivers supposed to give change? In short, they don’t give change. If the ride total is $15 and the passenger pays with a $20 bill. You accept it all and the passengers account is credit’d $5. This is kind of a way for Uber to incentivize the passenger to use the service again. I have never used this option as a passenger before since I like that Uber is cashless but I think it’s a nice option for newcomers.
Travel More
If you are looking for a way to make some extra money without being tied down to a set schedule and would like to get paid weekly or even up to five times a day, then you should really consider becoming an Uber driver. Uber won’t make you rich but it is an easy way make some extra money with no set schedule. It might be just what you are looking for to help you save for any upcoming travels.
How often do you get paid at your job? Let me know with a comment below or tweet me @JonnyTravels
