Host Monthly Payouts & Statements
We’re excited to announce that starting this month, December 2024, Drive mate will move to a monthly payout schedule for all Hosts. This new system streamlines your earnings and provides a clear, comprehensive summary of your activity each month.
What Does This Mean for You?
First Monthly Payment:
The first monthly payout will be processed in January 2025, covering all eligible earnings from December 2024.
Guaranteed Payout Timing:
Monthly payouts will be processed no later than the 5th business day of each month for the previous month’s earnings.
Comprehensive Earnings Statement:
Your monthly statement will provide a detailed breakdown of your earnings, including:
Trips: A summary of completed trips, including dates and Guests.
Distance (Kilometre) Charges: Earnings based on kilometres driven by Guests.
Fuel Reimbursements: Reimbursements for any fuel expenses submitted by Guests.
Referral Bonuses: Earnings from referrals through the Drive mate platform.
Other Earnings: Any additional income, such as fees or incentives.
Tax-Compliant Documentation:
Your monthly statement will serve as a clear, itemised record of your earnings, making it easier to manage your accounts and meet tax obligations.
Why Are We Making This Change?
The move to monthly payouts ensures:
Transparency: A single, consolidated statement helps you track and understand your earnings at a glance.
Convenience: Reduces the need for frequent payment tracking.
Tax Compliance: Simplifies record-keeping for tax reporting.
How to Access Your Monthly Statement
Statements will be available in the Drive mate app and emailed to your registered address.
Review the detailed breakdown of your earnings for the month.
Use the statement for personal record-keeping or tax purposes.
Key Dates to Remember
First Payment: January 2025 payout (covering December 2024 earnings) will be processed no later than the 5th business day of January.
Future payouts will always occur by the 5th business day of each month for the previous month’s earnings.
This transition ensures a smoother and more efficient process for managing your earnings on Drive mate. If you have any questions or need assistance, please reach out to our support team.
Thank you for being part of Drive mate. We’re excited to continue improving your experience as a valued Host!