DoorDash & Payfare Partner to Launch DasherDirect platform, a banking solution for DoorDash delivery drivers (Dashers) offering a Business Prepaid Visa Card and mobile banking app.
DasherDirect offers Dashers no-fee daily deposits of their DoorDash earnings, convenient digital banking functionality and cash-back rewards. This marks DoorDash’s first-ever financial platform for Dashers, providing them with exclusive new rewards and more flexibility and control over their earnings.
DasherDirect is now available to Dashers in select regions across the East Coast, with a full nationwide rollout planned for early 2021.
Marco Margiotta, CEO of Payfare, commented:
“We are committed to providing innovative solutions for gig workers that drive financial inclusion, which is why we are thrilled to partner with DoorDash and announce this major initiative,
Since the inception of Payfare, we have quickly become a name synonymous with digital banking and instant payout solutions for the on-demand gig economy.”
With the DasherDirect Business Prepaid Visa Card, earnings are automatically added to the DasherDirect Visa Card daily at no cost to the Dasher. Dashers can check their balance, pay bills, transfer money, set savings goals and find no fee ATMs on the go without paying overdraft fees or minimum account balance requirements.
Tony Xu, CEO and Cofounder of DoorDash, commented:
“Over seven million households in the U.S. are without a checking or savings account*, and with the support of our partners we’re proud to provide financial resources to more Americans looking for flexible earnings opportunities,
This is a major step forward in introducing new tools to empower Dashers who count on DoorDash for reliable, independent and flexible work.”
DasherDirect, Payfare and DoorDash are providing Dashers with greater economic freedom, security and financial opportunity by putting money directly into Dashers’ hands every day, free of charge.
