They are holding a reserve in case of adjustments at the end of the pay period. Some people may have their pay garnished or adjusted based on automatic withdraws. IRS, SBOE, child support, car loans, fuel rewards.
It's probably a requirement from the bank as they got burned. So they may only be releasing 50% of available funds because of adjustments at the end of the pay period.
From what I gather 50% of your proceeds are subject to garnishments, etc.
Which isn't right. Because the money being earned is pre-tax and not post tax. Because if anyone is getting garnished like this it will just put you that much farther into debt, especially with taxes.
The fact is, you're a contractor so you're not subject to garnishment. They shouldn't be touching it. But how do you fight the IRS?
That's my take on it. I think it's a reserve that will be available once the end of the pay period and all the automated debits on the account has been settled.
I don't think uber has a say in this. It's the bank that is issuing the credit has apparently run into some issues.
If you want all your money minus $1 -$1.50 processing fee try daily pay. From what I read I think they only hold a 10% reserve and they pay on bonuses and referral fees as soon as they are on your pay statement. No waiting for the end of the pay cycle
I didn't know they introduced instant pay in LA yet. Have you tried the other instant pay providers?
