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Hey Drivers,

We're DailyPay! We put cash in your bank account each day for your earnings across different rideshare and delivery platforms. We are now accepting GRUBHUB DELIVERY, DOORDASH, INSTACART & FASTEN drivers as well as Restaurants on GrubHub and Seamless. We have thousands of Clients who receive cash the morning after they drive. There is no paperwork, no contract, no upfront fees, and no cancellation fees. Any day we make a deposit, the fee is as low as $0.99 and NEVER more than $1.49! Try us for 2 weeks free to see what we're about here.

You still may have some questions for us and we're here to help answer them! You may even be ready to sign up and you're in luck, because all UPNet members get a 2-week free trial here: https://www.trydailypay.com/drivers?ref=UPNET

We're here to help you get same day cash payments for your hard work! All questions, comments and feedback are appreciated - we want to hear from you!

The DailyPay Team :)
 

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Discussion Starter · #2 · (Edited)
DAILYPAY FAQ

DailyPay is a technology company founded by kids of hard working, immigrant families. We are dedicated to providing financial advancement to service providers in the On-Demand Economy. DailyPay is not a bank or a payday lender.

How much does it cost?


We charge a daily convenience charge only on the days you receive money. It is $0.99 per day if your combined earnings are less than $150 and $1.49 if they are greater.

When do I receive my money?


We make payments every day at 5:30pm and your payments should post to your bank first thing in the morning.

How much do I receive?


We pay a percentage of your net fares today and the remaining when the platform pays us back for our advances to you. Please note that NEW uber drivers, and people with car leases and/or fuel charges may get a lower advance rate.

How are funds transferred?


DailyPay transfers cash to you FIRST. We deposit the cash directly into your bank account.

Do I have to sign a long term contract?


Never. There are no long term contracts ever. You can stop being a DailyPay client whenever you want without any penalty.

How does DailyPay get the cash?

You update your payment information on the rideshare or delivery app (ex. Uber) with your DailyPay Account Number that is unique to you. First, we pay you every day you earn money straight into your bank account. Then, we wait until your rideshare or delivery company pays you into your DailyPay Account for your total fares from the previous week. That's how we get our money back.

Is the daily service charge tax-deductible?

DailyPay believes the service charge is a deductible business expense. You should check with your tax advisors. DailyPay does not give tax advice.

What happens if my earnings are adjusted?


Any adjustments will reduce the percentage we hold back. If the amount of the deduction and the DailyPay convenience charge is in excess of the hold back, DailyPay will deduct the excess amount from the reserve established in connection with a future transaction.

How can I cancel DailyPay?


You can cancel DailyPay anytime without any charges or fees. Simply log into your account and click the "Cancel" button in your "Account Settings" tab. Since DailyPay pays you first, you can return the money we already advanced you, or finish up the payment cycle.
 

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So to use your cash advance services the service fee is a dollar a day (if you want to receive upto 150 dollars of the potential income you already made in fares of that day)? If you don't use your service you don't have to pay the dollar service fee correct? There's no daily/monthly/yearly fee for just signing up for the system and not using it correct?

Just trying to understand it and hope others do as well before they use your service.

rates are cheaper than those brick in mortar cash advance services as long there isn't a fee being made when you are not using the service.

FYI: questions and answers like these would suit better in your FAQ page. Won't look like a scam as much if things are explained clearly.

Edit: Funny thought. Most Uber drivers won't be able to use the service fully. 150 dollars a day? Yea... After a 12 hour work day. lol I'm kidding... well kind of... actually reality just hit me and now I'm going to go cry in the corner.
 

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couple things...

you guys focus on the "not a scam" thing WAY TOO MUCH. i highly doubt your investors would be happy with this video. whoever is in charge of your marketing... needs a different job.

while mentioning your not scammer is nice touching on it too many times makes me question your companies ability.... its just habit. say it once maybe twice but don't kick a dead duck. tell us what you guys do and what it involves. and please for my sake make a better quality video that doesn't focus on running away with my money I've worked hard for.

now... you guys are not being taken seriously because of that lack of important information vs unnecessary barf.

answer questions like...

if I open an account today... how fast do I get paid?

how much in fees do you take out?

why is the minimum draw $150?

am I paying per draw or am i paying a subscription fee?

is there a contract?

how do you get paid back?

all of these questions are basic and should have been answered right off the bat but instead the only thing I found here was you CLAIM to not scam people. and somewhere in that message there was a little clue that you offer cash advances of future earnings with a fee.

I you guys need someone for your new position (marketing/ social media specialist) that just opened up feel free to contact me and we can talk about my going rate.

ps the lady in the background talking on the phone COMPLETELY ruined your video because we miss a part of what you're saying at the end.
 

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Discussion Starter · #11 ·
So to use your cash advance services the service fee is a dollar a day (if you want to receive upto 150 dollars of the potential income you already made in fares of that day)? If you don't use your service you don't have to pay the dollar service fee correct? There's no daily/monthly/yearly fee for just signing up for the system and not using it correct?

Just trying to understand it and hope others do as well before they use your service.

rates are cheaper than those brick in mortar cash advance services as long there isn't a fee being made when you are not using the service.

FYI: questions and answers like these would suit better in your FAQ page. Won't look like a scam as much if things are explained clearly.

Edit: Funny thought. Most Uber drivers won't be able to use the service fully. 150 dollars a day? Yea... After a 12 hour work day. lol I'm kidding... well kind of... actually reality just hit me and now I'm going to go cry in the corner.
Hi! Thanks! Let me know if the following answers all your questions:

1) There is NO fee is you aren't receiving money from DailyPay. There is NO daily/monthly/yearly/signup/maintenance/ongoing fee. NOTHING. Here's an extreme example: If you sign up on Monday and drive $100, you will receive that $100 from DailyPay less a $0.99 fee ($99.01). If you never drive ever again for the rest of your life, there will be no additional fees.

2) Yes, rates are cheaper than cash advance.

3) Thanks for the feedback. We're on it.

Some other things you might be wondering that you didn't ask:
1) There is NO minimum transfer amount. In other words, if you drive $88 dollars, or $33, or $13, you always receive cash from DailyPay. Now of course, some drivers like to set their own minimum transfer amount (i.e, "don't transfer if i make less than say $10 a day), but to be clear, there is no minimum amount to use our service.

Hope that clears things up!!!
 

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Discussion Starter · #12 ·
Minimum is a $150 per day?
Hi! There is NO minimum transfer amount per day. So for the avoidance of doubt, if you drive $3 a day, we will transfer $3 to you less our $0.99 fee. Now, most drivers set their OWN minimum so they don't get small amounts transferred each day (the most common is $10), but to be clear, there is no minimum transfer.

The $150 that you are referring to is merely the point where the daily price goes from $0.99/day to $1.49/day.

Hope that clears things up!!!
 

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Discussion Starter · #13 ·
When you say you charge $.99 a day, is that a one time daily fee to receive the money? Or is it charged per day until you receive our Uber pay? For instance, if I get $100 today, do you charge me $0.90 on each subsequent day until you receive my pay?
Hi! That's a great question. Thanks for asking it on this thread.

Every day that you drive, you receive cash from DailyPay. You are charged $0.99 a day if that day's earnings are less than $150 and $1.49 if they are more than $150. It is a one time transfer fee on the day that you receive the cash.

So in your example:

If you receive $100 today, we charge you $0.99. Thats it. We DO NOT charge you $0.99 per day until we receive cash from Uber. That would be terrible =) Just a one time fee.

Let me know if that answers your question.

thanks!!!
 

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Discussion Starter · #14 ·
You can get more than 150 dollars a day. You just have to pay $1.49 service fee.

Took this from their website. Does not list ceiling amount.
Yep, that's correct. So to give you an extreme example, we had one driver book $1200 in one day (don't ask me how!). He was charged $1.49. Hope that makes things clear.
 

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Discussion Starter · #15 ·
We already get paid direct to the bank weekly. No need to pay fees to a third party to get paid a few days early. This is just an online version of payday loans.
Thanks! I really respect your view, but I'm going to have to clarify a few things for others on this thread. We are not a payday lender. We are a receivable finance company. What that means:

1) We aren't making you a loan nor do we ever debit your account like payday lenders do. We "purchase" your driving invoice at a discount of $0.99 or $1.49 each day. It's no different than how a credit card works for a merchant. When you buy a shirt at a store, the credit card is "purchasing" that shirt on your behalf at a 3% discount to the merchant.

2) We don't ask you for the money back. That's what a payday lender does. Instead, we get our money back from Uber. Whilst that might seem like a trivial detail to some, it is actually incredibly important when you characterize the difference between our company and a traditional payday lender.

3) We love our Uber drivers, but our vision is for all On-Demand service providers. That includes drivers, restaurants, merchants, smes, yoga instructors, you name it. We purchase the invoice/receivable and then don't bother you again.

Anyway, that's the sausage making behind all of this. Again, I want to reiterate that I sincerely respect your view but it's not factually accurate to call our company a payday lender b/c we aren't making you a loan.

Many thanks!
 

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Discussion Starter · #16 ·
couple things...

you guys focus on the "not a scam" thing WAY TOO MUCH. i highly doubt your investors would be happy with this video. whoever is in charge of your marketing... needs a different job.

while mentioning your not scammer is nice touching on it too many times makes me question your companies ability.... its just habit. say it once maybe twice but don't kick a dead duck. tell us what you guys do and what it involves. and please for **** sake make a better quality video that doesn't focus on running away with my money I've worked hard for.

now... you guys are not being taken seriously because of that lack of important information vs unnecessary barf.

answer questions like...

if I open an account today... how fast do I get paid?

how much in fees do you take out?

why is the minimum draw $150?

am I paying per draw or am i paying a subscription fee?

is there a contract?

how do you get paid back?

all of these questions are basic and should have been answered right off the bat but instead the only thing I found here was you CLAIM to not scam people. and somewhere in that message there was a little clue that you offer cash advances of future earnings with a fee.

I you guys need someone for your new position (marketing/ social media specialist) that just opened up feel free to contact me and we can talk about my going rate.

ps the lady in the background talking on the phone COMPLETELY ruined your video because we miss a part of what you're saying at the end.
Thanks for the feedback. Yep, you're right. We suck at marketing. We are web and financial engineers. We need your help!!

With regards to your questions, I've pasted them below with answers underneath....let me know if any of this isn't clear:

if I open an account today... how fast do I get paid?
A: If you register prior to 5:30pm ET, you get paid the next day.

how much in fees do you take out?
A: Any day that you receive less than $150, we charge $0.99. Any day you receive more than $150, we charge $1.49. We do not charge any fee when you aren't receiving money.

why is the minimum draw $150?
A: There is no minimum. YOU can set your own minimum (most do $10), but there is no minimum transfer amount.

am I paying per draw or am i paying a subscription fee?
A: I think I answered this above but lmk if not clear.

is there a contract?
A: No. No contract, no maintenance fee, no sign up fee, no termination fee, no inactive fee, etc.

how do you get paid back?
A: By "you," I assume you mean DailyPay. If that's the case, we get our money from Uber when Uber pays your DailyPay account on Wednesday.

Lastly, I checked out your photography website. Awesome stuff. Really beautiful work. Everyone on this thread should check out this site, esp if you're in socal.
 

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Discussion Starter · #19 ·
It's not something I would use. I can wait a week. Stuff like this is mostly for people that have no savings, no credit and poor financial management.
Hi Secotime,

We appreciate your thoughts and feedback. While we can't pretend to know anybody's financial situation, in the end, it's not relevant. DailyPay benefits everyone. The overall goal here is to create an even cash flow and improve your overall experience. Imagine that you can expand your geographical parameters, by having cash to pay toll fares today and drive wherever you want; Simply put, we make sure you have all that you need to meet your expenses and never fall behind. Consider that you have an array of expenses (gas, tolls, parking etc) and while you continue utilizing your funds, you're still waiting until pay day. With DailyPay, your flow will be consistent, helping you to stay on track with your personal goals. It is a great benefit to you and actually has nothing to do with your credit score.

If you'd like us to answer any questions for you, I invite you to shoot us an e-mail at [email protected] and we will be happy to provide more in-depth understanding!

Feel free to see what some of our clients have said about us! (https://www.trydailypay.com/drivers/clients)

I hope this helps to provide some clarity-- Thanks and have a happy Wednesday!
 
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