How Driver Payout Fees Work on WakandaRides

WakandaRides gives drivers the choice between receiving their earnings through a standard bank payout or using Instant Cash Out when eligible.

Different payout processing fees apply depending on the option you choose.

Standard payout to your bank account

A 3.15% payout processing fee is deducted from the total seat earnings before the funds are sent to your driver payout account.

This fee applies to standard payouts sent to your bank account.

Example: Ottawa to Montréal

Imagine you post an Ottawa to Montréal ride and 3 passengers each book a seat for $25.

Your total seat earnings are:

3 × $25 = $75.00

The standard payout fee is:

$75.00 × 3.15% = $2.36

After the payout fee:

$75.00 − $2.36 = $72.64

Your payout amount would therefore be approximately $72.64.

Using Instant Cash Out

Instant Cash Out is optional.

Eligible drivers who add a supported debit card can choose to receive their available earnings immediately instead of waiting for the standard bank payout.

Stripe applies an additional 1% Instant Cash Out fee when you choose this option.

Using the same example, if you instantly cash out the $72.64 available balance:

$72.64 × 1% ≈ $0.73

Your estimated amount after the additional instant payout fee would be:

$72.64 − $0.73 = $71.91

Standard payout vs. Instant Cash Out

Standard bank payout

• Total seat earnings: $75.00

• Standard payout fee (3.15%): $2.36

• Estimated payout: $72.64

• No additional Instant Cash Out fee

Instant Cash Out

• Available payout: $72.64

• Additional Instant Cash Out fee (1%): about $0.73

• Estimated amount received: $71.91

Good to know

Instant Cash Out is completely optional. If you prefer not to pay the additional 1% Instant Cash Out fee, you can leave your available earnings in WakandaRides and have them sent to your default bank account according to your automatic payout schedule.