DoorDash offers drivers new mobile financial services

The DoorDash DasherDirect app for contract drivers enables daily payment of wages.

DasherDirect marks DoorDash's first-ever financial platform for drivers, designed to provide them with exclusive rewards and more flexibility and control over their earnings. Issued by Stride Bank and powered by digital payment platform Payfare, DasherDirect offers no-fee daily deposits of drivers’ DoorDash earnings, as well as digital banking functionality and cash-back rewards. 

The solution includes the DasherDirect business prepaid Visa card, with earnings automatically added to the card daily at no cost to the driver. Drivers can check their balance, pay bills, transfer money, set savings goals and find no-fee ATMs via mobile app, without overdraft fees or minimum account balance requirements. Cardholders also earn 2% cash back on fuel at any station, any time.

DoorDash, together with Payfare and Visa, plans to continue to add exclusive rewards to the DasherDirect program over the coming months.

"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," said Tony Xu, CEO and co-founder of DoorDash. "This is a major step forward in introducing new tools to empower Dashers who count on DoorDash for reliable, independent and flexible work."

"This is one of the best ideas DoorDash has had," said DoorDash driver Roland Pelletier. "The biggest thing I like is that there's no fee for daily direct deposits, and with the DasherDirect program I have total control of the app and my experience with it so I know what's in the bank. As a driver the gas savings are huge, and I plan to use the card for my daily expenses. At the end of the year, it's going to be a lot easier to itemize my spending.”

The DasherDirect app is available for iOS and Android mobile users in select regions across the East Coast, with a full nationwide rollout planned for early 2021.