At Postmates we believe receiving and reconciling payments should be easy! Here are a few key details to remember about receiving deposits:
Adding An Account: You can add a bank account any time from your Dashboard. Before bank setup you will need a png or jpeg of a valid, government-issued photo ID. We currently accept driver’s license and state ID's as acceptable forms of identification. For security reasons, we do not accept copies of IDs over email.
Payout Schedule & Fees: Deposits happen daily accompanied by a $0.15 interchange fee. Deposits can take up to 3 days to reach your account, but sometimes happen sooner — each deposit is (1) day’s worth of orders.
The Flow of Funds: Although Postmates is initiating and managing the transactions, funds are not flowing through Postmates for your alcohol orders.
Reconciling & Filing Taxes: For easy reconciliation, you can view all payment details from within your Dashboard including the date, location, and total payout. You can also select a specific date range and download a CSV file of all orders during that period. You can also use the date filter to get an earnings report for the calendar year you’re submitting taxes for.
If you still have questions around receiving payments or need to update your banking information, please send us a request and we’ll help you get sorted.