If you’re delivering with DoorDash, you may be asking yourself, when does DoorDash pay you?
The short answer is that DoorDash pays you in one of two ways. You can either get an automatic direct deposit to your bank account each week. Or you can opt to cash out your DoorDash earnings early for a small fee.
In this post, we’ll take a closer look at when DoorDash pays you.
When Does DoorDash Pay You?
DoorDash offers two payment methods:
- You get paid automatically on Monday of each week.
- You can use Fast Pay and get paid your earnings immediately for a small fee.
For the automatic weekly payment, each Monday, DoorDash pays you for all of the earnings you made from Monday through Sunday of the previous week. This is a good payment schedule, in my opinion, because you get paid in a timely manner for all of the earnings you made for the week.
DoorDash initiates payments on Monday of each week. If you have a normal bank, you’ll probably get your payment 1 or 2 business days later, which means you’ll likely see your earnings in your bank account on Tuesday or Wednesday of each week. However, these days, there are a lot of banks that process deposits up to 2 days early. If you use one of these banks, you’ll likely see your payout on the same day DoorDash processes it (i.e. on Monday).
I use Lili, which is a free checking account geared towards freelancers and gig workers. Lili processes direct deposits 2 days early, which means I always get my DoorDash payments on Monday, which is the same day that DoorDash sends out payments to Dashers. (to learn more about Lili, check out my post: Lili Bank Review – A Free Business Bank Account For Freelancers And Gig Workers).
If you can’t wait for the automatic weekly payment, you can also opt to utilize Fast Pay. This allows you to cash out your unpaid earnings immediately for a $1.99 fee. If you need your earnings immediately, this is an option you can use.
I’ve written in-depth about how Fast Pay works in this post: How To Cash Out On DoorDash.
Does DoorDash Take Out Taxes When They Pay You?
When you deliver with DoorDash, you are working as an independent contractor, which means you are not an employee. Instead, you should think of yourself as a small business.
Since you’re working as an independent contractor, DoorDash does not take out taxes for you. Instead, you are responsible for handling your own taxes.
If you don’t know much about how taxes work, doing DoorDash is a good way to learn more about taxes. The important thing you should remember is that since DoorDash doesn’t take out taxes for you, you need to set aside a portion of your earnings so you can pay your taxes in the future. One mistake many new Dashers make is spending everything they earn from DoorDash, then finding themselves with a large tax bill that they can’t pay at the end of the year.
I recommend setting aside at least 25% of your earnings in a separate bank account that you use solely for taxes. A great option is to use a free bank like Lili or Indi, both of which automatically set aside a portion of your earnings for taxes. This is a great hands-off way to handle your taxes.
When does DoorDash pay you is a simple question with a fairly simple answer.
DoorDash automatically pays Dashers every Monday for the earnings made in the previous week (Monday through Sunday). These payments will typically arrive in your bank account within 2 business days, so you should expect to see your earnings by Wednesday in most cases. If you use a bank account that pays early, you can see your earnings in your bank account on the same day (i.e. on Monday).
If you need the money immediately, you can also opt to utilize Fast Pay. This’ll allow you to cash out your DoorDash earnings immediately for a small fee. In general, I don’t recommend using Fast Pay, but I know sometimes you can end up in a situation where you need it. My advice is to try to rely on the regular weekly payouts and only use Fast Pay sparingly (or not at all, if you can).
I hope this information was helpful and helped address any questions you might have about when DoorDash pays Dashers. Feel free to leave any questions or comments below.