DoorDash partners with Payfare to offer business Visa cards to delivery drivers

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DoorDash Inc. said Monday that it has partnered with Payfare to provide the DasherDirect platform, which offers a business prepaid Visa card to delivery drivers. The DasherDirect card, which will be issued by Stride Bank, will automatically receive the delivery driver’s earnings at no cost. The cards can be used at ATMs and drivers can earnings 2% cash back on fuel. The stock, which started trading last Wednesday with an opening trade that was 78.4% above its initial public offering price, fell 11.4% in afternoon trading Monday, and has now shed 18.1% since it closed at $189.51 last Wednesday. Over the same time, the S&P 500 has gained 0.1%.
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