DoorDash and Payfare, a CPPO member, announced today (Dec. 14) the launch of the DasherDirect platform, a banking solution for DoorDash delivery drivers offering a Business Prepaid Visa Card and mobile banking app.
This is DoorDash’s first financial platform for drivers (Dashers), providing them with exclusive new rewards and more flexibility and control over their earnings. DasherDirect, issued by Stride Bank and powered by Payfare, offers Dashers no-fee daily deposits of their DoorDash earnings, convenient digital banking functionality and cash-back rewards.
“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,” Marco Margiotta, CEO of Payfare said in a press release. “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 user. Cardholders can check their balance, pay bills, transfer money, set savings goals and find no fee ATMs — without worrying about overdraft fees or minimum account balance requirements. Dashers also earn 2% cash back on fuel at any station