Why Won’t Uber Let Me Cash Out? Many people ask this question and it is important to have a clear and precise answer. Continue reading the next section to learn more about it.
You have complete ownership of the money you earn while working with Uber, and it is reasonable to expect that you should be able to transfer or cash out those funds without any issues.
However, there might be instances where you encounter difficulties in cashing out, and this could be due to certain factors or mistakes on your part.
Let’s explore some potential reasons why you may not be able to withdraw your funds or cash them out.
1. Cashout Option Not Available for Your Account
As a new Uber driver, you may face difficulties withdrawing your earnings. This is because Uber requires every driver to complete at least 25 trips before they can withdraw their funds.
However, if you’re an experienced driver and still experiencing issues with withdrawing your earnings, it’s possible that your account has not passed Uber’s daily fraud and security screening. This is a necessary process that Uber conducts to prevent fraudulent activities on their platform.
To resolve this issue, you can contact Uber’s customer support or customer care, and they will guide you on what to do.
2. You Have Earned a Lot in the Week
While being hardworking is commendable, it’s important to note that Uber imposes limits on the amount you can transfer out.
It’s crucial to monitor these limits and avoid attempting to transfer more than the set limits, as it will not be successful.
Respecting these limits ensures a smooth and compliant transaction process with Uber.
3. Payment Method Isn’t Compatible With Instant Cashout
If you encounter a message stating that the payment method you’re trying to use is not compatible with your Uber app, it’s advisable to check which payment methods are available for your specific location.
It’s important to note that different cities where Uber operates may have varying payment methods.
Not all payment methods are universally accepted in every location. Therefore, it’s essential to be aware of the supported payment methods in your city to ensure a seamless and successful transaction process.
How To Enable Cashout on Uber?
Enabling cashout on Uber is a straightforward process, but it does require meeting certain requirements. Once these requirements are fulfilled, you will be automatically eligible to cash out your earnings.
As a new Uber driver, one of the requirements is completing approximately 25 Uber trips before you can initiate a cashout. This threshold is in place to ensure that you have an active and consistent engagement with the platform.
Additionally, it’s important to be aware that Uber conducts a daily review of driver accounts to maintain fraud prevention and security measures. If your account does not pass this daily review, it may temporarily restrict your ability to cash out until the issue is resolved.
By meeting the trip requirement and maintaining compliance with Uber’s policies, you can ensure a smooth cashout process and access your earnings with ease.
How Long Do I Need to Wait to Cash Out on Uber?
Uber has specific time frames for debiting transactions into driver accounts. Recently, they have updated the transaction period to run from Monday at 4:00 am local time until the following Monday.
It’s crucial to conduct all cashout transactions within this designated timeframe to ensure a seamless process.
Under normal circumstances, cashout transactions are processed almost instantly, allowing you to access your earnings promptly. However, if you find yourself unable to cash out, it could be due to two reasons previously mentioned: either you are not eligible for cashout, as discussed earlier, or your account did not pass the daily fraud and security screening.
As long as you meet the eligibility criteria and your account passes the required checks, the cashout process should be swift and efficient, ensuring you receive your earnings without unnecessary delays.